Friday, 10 April 2015

Nifty trades near 8,750

The CNX Smallcap and the CNX Midcap indices have added 0.5-0.7 percent at 6,005 and 13,617, respectively.

The market has extended losses in the last one-hour of trades. The 50-scrip index of the NSE so far has touched a low of 8,740 and is now down 31 points at 8,747.

Similarly, the BSE Sensex has declined to register a fresh intra-day low at 28,768 - down 131 points from the day's high. Currently, the BSE index is down 94 points at 28,792.

Whereas, the broader market continues to out-perform the benchmark index. The CNX Smallcap and the CNX Midcap indices have added 0.5-0.7 percent at 6,005 and 13,617, respectively. The Nifty Junior has gained 0.6 percent at 20,323.

HDFC twin are major draggers today. The twin have accounted for a decline of 50 points for the BSE Sensex and 16 points for the NSE Nifty.

Sectorwise, the CNX Pharma index has tumbled over a percent. The CNX FMCG index has moved down 0.3 percent. The Bank Nifty, the CNX IT and the CNX Metal indices are trading on a soft note.

On the other hand, the CNX PSU Bank index continues to trade on a firm note - up 1.6 percent. The CNX Realty index has advanced 0.7 percent. The CNX Auto index has gained 0.2 percent.

The market breadth is positive in the early noon deals. Out of 1,719 stocks have traded on the NSE - 921 stocks have advanced, while 552 stocks have declined.

So far, 63 stocks have hit 52-week high on the NSE, whereas only nine stocks have hit 52-week low. 

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