Markets

News Details

( 21 Jun 2018)
Midcap underperforms Sensex, Nifty tests 10,750 mark; RIL up over 1%

The rangebound trade continued at Dalal Street after recent sharp up and down in the market caused by elevated trade tensions between world's largest economies US and China.

Midcap index underperformed frontliners, whlie PSU Bank index remains lower by a percent.

Index heavyweights Reliance Industries, Infosys, ICICI Bank and HDFC continue to lend support while FMCG and select banking stocks are under pressure.

Meanwhile, RBI’s June meeting minutes gave no indication of future rate action, citing uncertainties around oil and food prices.

At 14:06 hours, BSE SENSEX was at 35582.13 up by 34.8 points or by 0.1 % and NSE Nifty was at 10769.75 down by -2.3 points or by -0.02 %.

The BSE MIDCAP was at 15825.27 down by -26.63 points or by -0.17 %. While, the BSE SMLCAP was at 16590.03 down by -69.02 points or by -0.41 %.

The BSE Sensex touched intraday high of 35678.69 and intraday low of 35470.2. The NSE Nifty touched intraday high of 10809.6 and intraday low of 10747.55.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 299.90,+2.27%), Adani Ports & Special Economic Zone Ltd. (Rs. 370.55,+1.24%), Housing Development Finance Corporation Ltd. (Rs. 1869.00,+1.22%), Reliance Industries Ltd. (Rs. 1032.25,+1.21%), HDFC Bank Ltd. (Rs. 2070.00,+0.70%), among others.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 878.90,-2.63%), Oil And Natural Gas Corporation Ltd. (Rs. 159.05,-2.30%), Power Grid Corporation of India Ltd. (Rs. 195.10,-2.25%), Sun Pharmaceutical Industries Ltd. (Rs. 556.50,-1.33%), Asian Paints Ltd. (Rs. 1256.80,-1.20%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2714, shares advanced were 892 while 1666 shares declined and 156 were unchanged.