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Tuesday 25 March 2014

MARKET FLAT, MIDCAP STRONG

The market is trading in a small range. At 10:50 am , the Sensex fell 19 points to 22036 and Nifty is at 6584 with modest gains . However , midcap stocks is at 0.5 per cent growth . Smallcap stocks are at edge .

Due to new gas pricing ,oil & gas stocks are sustained by 1.5 per cent. IT and technical stocks are down by 0.5 per cent . Slight weakness in realty and auto stocks .

Power shares rose by 1 per cent . Metal and consumer durables shares stand strong by 0.7 per cent. Banks , Capital Goods , Healthcare , FMCG stocks rose by 0.3 per cent .

In Nifty, Reliance Industries and ONGC broke by 3 per cent . Wipro , IDFC , M & M , Bharti Airtel , ACC , Ambuja Cements , IndusInd Bank , Bajaj Auto shares fell by 1 to 0.5 per cent .

In heavyweights stock like BPCL , GAIL , BHEL , Power Grid , Tata Steel , Jindal Steel , Ranbaxy , Asian Paints , Kotak Mahindra Bank , Bank of Baroda , HDFC , NMDC rose by 2.75 to 1 per cent .

In midcap ,Apollo Tyres jumps by around 4.5 per cent . Hindustan Petro , Bharat Forge , Tata Chemicals , Crompton Greaves , CESC , mcleod russel , Ashok Leyland , Adani Enterprises  shares rose by 3-2 per cent .

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