Thursday 26 July 2018

Today's Stock Market Trading Tips-Sensex gains over 150 points after hitting 37K, Nifty at record high; PSU banks surge

Sensex hit a fresh record high; hits key milestone for the 7th time in 11 trading sessions
- Nifty hit its fresh milestone, surpassed earlier level of 11,172.20
- On a year to date basis, Nifty is up 6 percent. It was up 22 percent in the same period of last year. 
- It has taken a total of 123 sessions for Nifty to be back at record high figure

Benchmark indices have made a flat start on Thursday morning, with the Sensex hitting a fresh record high, but the Nifty is still a few points away from the fresh record high. 
The Sensex is up 43.42 points or 0.12% at 36901.65, while the Nifty is up 9.50 points or 0.09% at 11141.50. The market breadth is positive as 313 shares advanced, against a decline of 131 shares, while 37 shares are unchanged.
Among sectoral indices, PSU banks, FMCG, infra and auto names are trading strong, while weakness is visible in the pharmaceuticals space. The Nifty Midcap index is up over 0.10 percent. 
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