Rudra Investment expert says Best Nifty Tips Due to the fall in rupee and the weakness in the Asian markets, the domestic market started on Monday with declines. In early trading, the Sensex plunged by 100 points and slipped below 35 thousand rupees. The Nifty dropped 40 points to close to 10,500. Nifty is bullish on realty, IT, pharma and PSU bank index. Heavyweight stocks are seen selling in ICICI Bank, HDFC, Kotak Bank, HDFC Bank, HUL.
Mid-caps-smallcap stocks roll
Smallcap and mid-caps with large-cap are trading with weakness in shares. BSE's mid-cap index has dropped by 0.11 percent, while the Nifty Midcap 100 Index is down 0.13 percent. BSE's smallcap index looks flat.
What stocks fall, the boom in
According Best Nifty Tips ExpertShares of ONGC, Axis Bank, Sun Pharma, SBI, Coal India, Yes Bank, TCS, ITC, Bharti Airtel, Maruti, Infosys were the top gainers during the business. However, there is a fall in NTPC, IndusInd Bank, Power Grid, ICICI Bank, Tata Motors, HUL, Kotak Bank, HDFC Bank, RELIANCE, HDFC, L & T.
Withdrawal by FPI at 2 years high
Foreign portfolio investors have withdrawn Rs 38,900 crore from the capital market in October. This is the biggest withdrawal of two years in a month. Due to rising prices of crude oil, rupee fall and a bad account of current account deficit With this in the year 2018, till now foreign investors pulled out more than Rs 1 lakh crore from the securities market (shares and debt). During this period, Rs 42,500 crore from the stock market and Rs 58,800 crore was withdrawn from the debt market.
Market Cap of 8 companies out of top 10 raise Rs 1.69 lakh crore
Market cap of 8 out of the top 10 companies of the Sensex rose more than Rs 1.69 lakh crore in the past week. During this time, Tata Consultancy Services (TCS) and State Bank of India (SBI) got the most benefit. The market capitalization of 8 major companies, including ICICI Bank, HDFC and Reliance Industries, rose sharply to Rs 1,69,865.11 crore in the stock market. The Sensex closed 1,662.34 points higher at 35,011.65 in the previous week.
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