Daily Archives: Wednesday August 16th, 2017

Sensex triple century, Nifty closes close to 9900


On the second consecutive day, buying was seen in the stock market. Nifty crossed the 9900 during the business. The market started with a slight increase. However after this there was a slight profit booking from the upper levels in the market and the market went to the red mark. But after a short time, the heavy shopping returned. Today, FMCG, metal, bank, auto and pharma are good buyers. At the end of the trading, the Sensex 322 and the Nifty closed with 103 points bounce.

Today, there is an enthusiasm of shopping in the stock market. Talking about the Nifty climbing stocks, Tech Mahindra has seen an increase of more than 4 percent. On the other hand, the share of Bank of Baroda was up by more than one per cent. At the same time, Cipla has a great speed. On the other hand, if you talk about falling stocks, then there is a trend of decline in Asian Paints, Power Grid and NTPC.

Nifty’s FMCG index was up 2.5 percent, auto index 1.6 percent, metal index 1.7 percent, and pharma index climbed 1.2 percent, as the market today gained the most strength from FMCG, auto, metal and pharma stocks. Banking stocks also saw strong buying after the initial profit recovery in today’s trade, and at the turn of the close, the bank nifty closed at a near 24440 level with an increase of 1.3 percent.

In today’s business, good buying was seen in mid and small-cap stocks, and finally the BSE’s small-cap index was 1.3 percent and the mid-cap index closed 1.2 percent. However, energy stocks are weak in today’s trade, and the Nifty’s energy index closed 0.2 percent lower.

In today’s turn, BSE’s 30-share index Sensex closed at 31770 level with a strong strength of 322 points i.e. 1.02 percent. On the other hand, NSE’s 50-share index Nifty closed close to 9900 with 103 points, ie 1.05 percent.