Wednesday, 8 November 2017

Sensex closes 152 points, closes near Nifty 10300



After yesterday's fall, the market continued to remain under pressure. Although the Sensex and Nifty had seen a good start in the early trade, however, profit-booking was over by today's upper levels. In today's trading, the Nifty was able to reach 10,384.25, while the Sensex reached 33,484.7. Finally, the Nifty closed close to 10300, while the Sensex has come close to 33,200. From the upper levels of the day, the Nifty has hit 80 points, while the Sensex has dropped to 265 points.

Selling in mid-caps and smallcap stocks has also been dominated. BSE's mid-cap index closed 0.8 percent lower at 16416.6. In today's turnover, BSE's mid-cap index reached 16647.5. The Nifty mid-cap index index closed at 19363.5 with a weakness of 0.6 percent. In today's business, the NSE's Midcap 100 Index reached 16620.5. BSE's smallcap index closed 1 percent down at 17,498 level. In today's turnover, the BSE's Smallcap Index reached 17772.2.

Banking, auto, metal, consumer durables, oil and gas and power shares have worked to put pressure on the market. Bank Nifty closed 0.5 percent down at 25,184.4. Nifty's auto index has dropped by 0.7 percent and the metal index has dropped 1.4 percent. BSE's consumer durables index fell 0.9 percent, oil and gas index was 1.3 percent, and power index was down 0.7 percent. However, today it has seen buying in IT and pharma stocks. Nifty's pharma index has gained 0.25 per cent and IT index 0.7 per cent.

The BSE 30-share index Sensex closed at 33219, with 152 points, or 0.5 per cent weakness. NSE's 50-share index Nifty closed 47 points, which is 0.5 percent down at 10,303 level.

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