Rudra Investment expert says Nifty Tips Recovery and positive global signals in the rupee had a strong start to the domestic market. But within half an hour, the market has lost the full edge. Sensex breaks more than 50 points due to fall in financial, auto, IT, metal, pharma and realty stocks. The Nifty slipped below 11000. There is pressure on the market due to weakness in heavyweight Yes Bank, M & M, Bharti Airtel, Maruti, Kotak Bank, Tata Steel, and Vedanta. However, HDFC is looking at buying in ITC, RIL, Asian Paints.
Earlier, the Sensex gained 129 points to open at 36,453 levels. At the same time, the Nifty started at the 11,008 level with a jump of 31 points.
What stocks fall, the boom in
Rudra Investment expert says Nifty Tips Asian Paints, ITC, HDFC, IndusInd Bank, Reliance, Infosys, ONGC, HDFC Bank have increased during the business. On the other hand, Yes Bank, Bharti Airtel, M & M, Hero MotoCorp, Maruti, Kotak Bank, HUL, ICICI Bank, TCS, SBI, Axis Bank have fallen.
The pressure in mid-caps and smallcap stocks
There is pressure in mid-caps and smallcap stocks. BSE's mid-cap index fell 1.18 percent, while the mid-cap index of Nifty fell by 1.34 percent. BSE's smallcap index rolled 1.56 percent.
Only FMCG index boom
Selling is seen in reality, banking, metal, IT, auto, capital goods, consumer durables, and power stocks. Bank Nifty is down 0.2 percent and is trading at 24,992 level. However, buying is seen in FMCG shares.
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