Rudra Investment experts say Nifty Tips After the start of the gain, the decline in the stock market took place within a few hours. Sensex lost 250 points due to selling in auto, FMCG, IT and PSU bank stocks. The Nifty came closer to 11000. There is pressure on the market due to weakness in ITC, Infosys, HUL, ICICI Bank, SBI, Tata Motors, Maruti, TCS, Wipro, and Asian Paints. At the moment, the Sensex is trading at 0.63% and the Nifty is down 0.51%.
Before this, before the outcome of the Fed meeting, the domestic market started on a strong Wednesday. The Sensex opened 285 points higher at 36,937 level. At the same time, the start of the Nifty started at 784, with the rise of 11,146. The market has got support from investors' buying by improving weak global signals. In early trading, banking, auto, pharma, and metal boom are showing. But there is a fall in FMCG, IT and Realty.
Midcap and Smallcap Index also increased
Rudra Investment experts say Nifty Tips The midcap and smallcap index are also looking forward to a large-cap. BSE's mid-cap index has increased by 0.35 percent, while the Nifty Midcap 100 index rose 0.19 percent. The BSE Small-Cap Index has gained 0.37 percent.
What stocks fall, the boom in
Axis Bank, Tata Steel, M & M, Sun Pharma, Asian Paints, HDFC Bank, Infosys, TCS and Reliance Industries have risen during the business. However, Wipro, ITC, Maruti, Kotak Bank, ONGC, HUL, Adani Ports, HDFC, ICICI Bank, Bharti Airtel have fallen.
PSU Bank, Auto, FMCG, and IT index fall, Pharma-Realty bounce
In the sectoral index, PSU Bank, Auto, FMCG and IT index are seeing a decline in the Nifty. Bank Nifty is trading at a level of 25409.10 with an increase of 0.31 percent. Besides, Metal Index gained 0.46 percent, Pharma Index was 1.09 percent, Realty Index surged by 1.99 percent.
US market closed with declines
On Tuesday, the American markets were declining. Dow Jones closed 70 points down at 26,492, while the S & P 500 index dropped by 0.1 percent to 2916 levels. The Nasdaq index closed at the 8007 level with an increase of 0.20 percent.
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