The Strategy In The Today Market With Best Nifty Tips | 03 Sep

Best Nifty Tips | In August, for the second consecutive month, the decline in manufacturing growth and the fall in the stock market fell on Monday from FMCG, banking, realty, IT and pharma stocks. The Sensex closed 333 points down at 38,313 level. 

On the other hand, the Nifty closed 98 points down at 11,582 level. All except the media and the metal index on the NSE are falling. The worst weakness was to enter the Nifty FMCG. 1400 shares fell on BSE. The Sensex lost 664.34 points during the trade.

Earlier, on Tuesday, the good news of GDP and rupee recovery took place with the start of the domestic market. The Sensex rose 270.84 points, with 38915.91 points and the Nifty was 71.3 points higher at 11,751.80.

PMI falls to 51.7 in August

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) was down 51.7 points in August, while it was at 52.3 in July. Although it is the 13th consecutive month when the PMI has been above 50 points. Staying above 50 points of PMI indicates expansion in business or activities and staying below 50 points indicates sluggishness.

Midcap and smallcap stocks also fell

Midcap and smallcap shares have also declined with large-caps. BSE's mid-cap index has dropped 0.45 percent, while the Nifty Midcap 100 Index has weakened by 0.27 percent. BSE's Smallcap index has declined by 0.17 percent.

What stocks fall, the boom in

Best Nifty Tips | During the business, Wipro, Tata Motors, Sun Pharma, Powergrid, Asian Paints, Infosys, L & T, Bajaj Auto, SBI, HDFC Bank, TCS, Tata Steel, and ITC have gained in the heavyweights. However, ICICI Bank, HUL, ONGC, Reliance Industries, Axis Bank, Maruti have a fall trend.

IT and pharma boom

Shopping in IT, auto, metal and pharma stocks is gaining market growth. The Nifty index of IT index rose 1.39 percent, while the Nifty Auto Index was 0.58 percent, the Pharma Index was 0.96 percent and the Metal Index 0.94 percent. But the Nifty Bank and the Realty Index are declining. Bank Nifty is trading at a level of 28,035.05 with a drop of 0.10 percent.