Monday 15 October 2018

Stock Market Tips-Sensex, Nifty open flat but Midcap outperforms, banks weak; rupee at 73.80/$

Market Update Equity benchmarks are trading lower, with the Nifty giving up 10,450-mark. The Sensex is down around one-fifth of a percent.  

The Sensex is down 71.57 points or 0.21% at 34662.01, while the Nifty is lower by 33.10 points or 0.32% at 10439.40. The market breadth is narrow as 1,024 shares advanced, against a decline of 688 shares, while 1,744 shares were unchanged.
Among sectors, IT and pharmaceuticals are holding the fort for the market, while there is weakness in automobiles, banks, and the metals space. The midcap index is marginally higher. 
Shares of ITC, Sun Pharma, Dr Reddy’s and Indiabulls Housing are the top gainers, while Hindustan Unilever, ICICI Bank, HPCL and GAIL have lost the most.  
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