Monday 19 February 2018

Stock Market Trading Tips- Sensex, Midcap under pressure; PSU banks fall 4-10%, RIL outperforms

The market started off the week on a negative note, with the Nifty and Nifty Bank trading well below its Friday's low due to further correction in PSU banks.
The 30-share BSE Sensex was down 117.30 points at 33,893.46 and the 50-share NSE Nifty fell 45.10 points to 10,407.20.

PSU Bank index fell over 1 percent. UCO Bank, Union Bank of India, Allahabad Bank, PNB and City Union Bank declined 3-10 percent on PNB fraud case.
Natco Pharma, Jet Airways, SpiceJet, InterGlobe Aviation, GVK Power, Jai Corp and KPR Mills gained 0.5-4 percent.


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