Monday 30 July 2018

Sensex, Nifty trade flat; PSU bank outperform, IT stocks down

Equity benchmarks have given up all of their gains, dragged by a selling in midcaps, IT as well as pharmaceuticals space. The Nifty continues to trade above 11,250-mark. 
The Sensex is down 14.84 points or 0.04% at 37322.01, and the Nifty down 8.90 points or 0.08% at 11269.50. The market breadth, however, is positive as 1,208 shares advanced, 748 shares declined, while 118 shares are unchanged.

Shares of State Bank of India, HPCL and ONGC have gained the most on both indices, while Kotak Mahindra Bank and Wipro were the top losers.  
Benchmarks are marginally off their high points, but have continued to be in the green. The Nifty is hovering around 11,300.
The Sensex is up 70.51 points or 0.19% at 37407.36, and the Nifty up 15.90 points or 0.14% at 11294.30. The market breadth is positive as 1,284 shares advanced, against a decline of 575 shares, while 107 shares were unchanged.

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