Thursday, 2 August 2018

Today's Stock Market Tips-Sensex maintains 200-pt downtrend, Nifty below 11,300; autos crack

The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 mark and Sensex also down over 200 points trading at 37,269.
Among the sectors, metal, PSU bank and auto are down over 1 percent.
Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.

Equity benchmarks have maintained their downtrend from the first hour, with the Sensex trading down over 200 points, while the Nifty managed to hover below 11,300-mark.  
At 11:01 hrs IST, the Sensex is down 223.20 points or 0.59% at 37298.42, and the Nifty down 62.70 points or 0.55% at 11283.50. The market breadth is negative as well as 995 shares advanced, against a decline of 1,147 shares, while 107 shares were unchanged.
Selling is visible among automobiles as well as energy names, while the pharma index is up around a percent. Midcaps, too, are trading higher by one-tenth of a percent. 
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