Thursday 28 June 2018

Stock Market Updates-Nifty consolidates, Midcap continues to underperform; Brent crude at $77.50/bbl

Benchmark indices opened mildly lower after the Indian rupee touched an all-time low of 68.89 to the dollar.
The 30-share BSE Sensex fell 33 points to 35,184.11 and the 50-share NSE Nifty slipped 23 points to 10,648.40.
TCS, Infosys, Wipro, HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, IndusInd Bank and Hindalco Industries are early gainers.
Tata Motors is under pressure.

Nifty Midcap index fell 93 points and Nifty Bank lost 23 points.
Jet Airways, SpiceJet, Apollo Tyres, Ashok Leyland, Bank of Baroda, HDIL, Adani Power and Tata Power fell 1-2 percent.
The market is trading mildly lower in morning amid ongoing trade tensions between the US and China, and after the rupee breached 69 a dollar for the first time against the dollar.
The Nifty Midcap index continued to underperform frontliners, falling more than half a percent on weak market breadth. About two shares declined for every share rising on the BSE.
The 30-share BSE Sensex fell 28.79 points to 35,188.32 and the 50-share NSE Nifty fell 20.40 points to 10,651.
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