Friday 16 May 2014

Nifty holds 7,200; CNX Mid-cap up 1.94%

Market is witnessing huge volatility even as the BJP-led NDA has secured a comfortable unprecedented victory. The BSE Sensex which hit a day's high of 25,375 crashed to 23,873 but rebounded in minutes to trade at the current level of 24,208.
The CNX Nifty which hit a day's high of 7,563 crashed to 7,130 but rebounded in minutes to trade at the current level of 7,226.
BSE Mid-cap is up 1.73% at 7,772, while BSE Small-cap is up 1.08% at 7,875.
Some buying activity is seen in banking, realty, metal and oil & gas sectors on BSE, while sectors such as IT, FMCG and healthcare are losing sheen.
SSLT, ICICI, SBI, Axis, HDFC Bank and Coal India are among the gainers, whereas Dr Reddy's Lab, InfosysCipla and Wipro is losing sheen on BSE. 

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