Sensex down 86 points, Nifty closes below 6780



The market saw in today's rapidly disappearing. Initially the market pressure on poor global cues, the trade deficit figures increased the pressure. In the last Sensex - Nifty dropped nearly 0.5 per cent. Showing Josh the day finally caved and midcap Midcap Index was up red. However Smallcap stocks witnessed good buying today.

Finally, the BSE 30-share Sensex index declined 86 points, ie 0.4 per cent to close at 22 629. The NSE 50-share Nifty index shed 20 points, ie 0.3 per cent to close at 6776 levels.

In the market today, auto, oil & gas, capital goods and bank stocks posted showing pressure on the market. Shopping in the IT and pharma stocks fall on the strength of the market has not had much. In today's business IndusInd Bank, SBI, Tata Motors, BPCL, Reliance Industries, Mahindra and Gail are such luminaries share dropped from 4.3 to 1.6 per cent. In the heavyweights, HCL Tech, Ambuja Cement, Sun Pharma, Tech Mahindra, TCS, Wipro, Cipla and Infosys 3.2 to 0.9 per cent are highest.

 

In midcap ABG Shipyard, Radico Khaitan, out of the city, Triveni Turbine and Eicher Motors has dropped the most from 7.6 to 3.5 per cent. In the midcap space, Gujarat Gas, RCF, India Cement, Finolex Industries and Videocon Industries rose highest from 20 to 5.5 per cent are closed. The Smallcap stocks Sical Logistics, Dredging Corp, Ansal Properties, NCC and from 20 to 12.8 per cent are most Advantage.

Talking about the Asian markets today, Japan's market fell 2.4 per cent, ie 13 960 Nikkei closed at 340 points. Hang Seng shed 0.8 percent to 183 points, ie closed around 23,000. Taiwan 40 Index closed at 8908 points; the mean is 0.4 per cent fall. Shanghai Composite, Straits Times and Kospi are flatter and off.

A look at this week's turnover from 1.2 to 1.2 per cent in the Sensex and the Nifty is seen. Nifty Midcap Index rose by 2.5 percent; the BSE Smallcap index has gained 3.5 per cent. Bank Nifty is seen at 2.3 per cent.

Sun Pharma 10 per cent heavyweights this week, NMDC 7.6 per cent, 7 per cent of Ambuja Cement, Kotak Mahindra Bank 6.7 per cent and 5.6 per cent of Cairn India, SBI 4.8 per cent, 5.1 per cent of UltraTech Cement, Axis Bank 4.7 per cent and 4.4 per cent, Tata Steel and Tata motors are robust 4.4 per cent.

In this week heavyweights JSPL 6.5 per cent to 4.1 per cent of Tech Mahindra, Hero Moto 3.4 per cent, 3.3 per cent of United Spirits, Lupin 3 per cent, 2.7 per cent of Dr Reddy's, IndusInd Bank Infosys 2.4 per cent and 2.1 per cent are broken.

In midcap Mahindra CIE 48 per cent this week, NCC 40 per cent, 31 per cent Ansal Properties, Gujarat Gas 30 per cent, 29 per cent of BEML, Century Ply 26 per cent, Dredging Corp 23 per cent, 22 per cent of Mercator, Suzlon 19 per cent, 17 per cent of Pipavav Defence , 16 per cent of Punj Lloyd, Essar Oil 16 per cent, 16 per cent SREI Infrastructure, Piramal Enterprises 11 per cent, 11 per cent of JP Power, Orbit Corp was up 18 per cent and 18 per cent are Adani Enterprises. Just dial this week, 17 percent of mid-cap stocks, Info Edge 9 per cent and 7 per cent are weak ABG Shipyard.

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