Wednesday 28 March 2018

Today's Stock Market Tips-Sensex, Nifty under pressure; PSU banks, autos, IT rebound

The market continued to trade lower with the Sensex falling around 150 points, following negative lead from global stocks.
The Nifty continued to struggle below 10,150 levels ahead of expiry of March derivative contracts, down 47 points.

Other Asian markets like Nikkei, Hang Seng, Shanghai and Kospi declined 1-2 percent as US stocks fell sharply on the back of declines in technology names.
PSU Bank, IT and Auto indices rebounded while Metals, Pharma remained under pressure.
The market extended losses on the back of weak global cues, with the Sensex falling 200 points.
The Nifty continued to trade below 10,150 ahead of expiry of March futures & options contracts today, falling 60 points.
All sectoral indices were in the red, with the Nifty Metal, PSU Bank falling over a percent.
Midcaps also traded in line with frontliners, with the Nifty Midcap falling over half a percent.
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