Rudra Investment expert says Nifty Tips On the day of F & O expiry the domestic stock market is declining. Banking, financial services, FMCG, auto, pharma, and realty stocks are selling pressure on the market. The Sensex is down 150 points at 36395 level. The Nifty also dropped 41 points to 11012 levels. Deficiencies in heavyweight stocks HDFC, ICICI Bank, Yes Bank, Axis Bank, ITC, Kotak Bank, L & T, Maruti, Sun Pharma and Reliance Industries are declining.
The pressure in mid-caps-smallcap stocks
In the early trading, mid-cap and small-cap stocks are under pressure. BSE's mid-caps index dropped 0.36 percent, while the mid-cap index of the Nifty was down 0.40 percent. BSE's smallcap index is flat.
US Federal Reserve raises interest rates by 0.25%
The US Federal Reserve has increased the interest rates for the third time in 2018 after a two-day meeting. On Wednesday, interest rates have been increased by 0.25 percent. At present, the interest rates in the US are 2-2.25 percent. After the hike, the Fed's rates have reached the level of April 2008. With this, the Fed has estimated interest rate hikes 3 times in 2019.
No comments:
Post a Comment