Daily Archives: Wednesday August 23rd, 2017

Passion in the market 


MUMBAI: Good global signals today foreshadowing domestic markets. Sensex and Nifty closed nearly 1 percent higher. In today’s trading, the Nifty managed to knock down to 9857.9, while the Sensex reached 31,593.39.

There is also enthusiasm in the mid-caps and smallcap stocks. BSE’s mid-cap index closed 1.4 percent higher. The Nifty mid-cap 100 index has gained 1.2 percent. BSE’s smallcap index closed up by 1.2 percent.
Banking, auto, metal, pharma, realty, oil and gas, power and capital goods stocks have seen good buying. Nifty’s PSU Bank Index was up 2.1 percent, Auto Index was 0.7 percent, Metal index was up 1.75 percent and Pharma Index gained 0.6 percent. BSE Realty Index was up 3.5 per cent, Oil and Gas Index 0.9 per cent, Power Index 0.6 per cent and Capital Goods Index 0.6 per cent.
The BSE 30-share index Sensex has closed 276 points, or 0.9 per cent, at 31,568. On the other hand, NSE’s 50-share index Nifty closed 87 points, i.e. 0.9 percent, at 9,852.5 level. The Bank Nifty has closed nearly 1.5 percent and closed at 24,317 levels.
In today’s business, Indiabulls Housing, Adani Ports, Tata Steel, Dr Reddy’s, Bharti Airtel and Infosys have risen 3.9 to 2 per cent. However, Tech Mahindra, Tata Power, Bharti Infra, Eicher Motors, HUL, Sun Pharma, ITC, Mahindra and Mahindra and TCS were down by 2.1-0.1 per cent in the giants.
Among the mid-cap stocks, Godrej Industries, Tata Communications, Union Bank and Ajanta Pharma are up and running till 4.4-3.75 per cent. In smallcap stocks, SQS India BFSI, Future Enterprises DVR, Den Networks, Indo Count and Thomas Medicare closed up 12.7-8.3 per cent.

52 Week High Breakout (23/08/17)

FEL 41.25
LUXIND 1243.75
SPARC 416.85