Nifty close to 10880 flat closure

Written by: CapitalAim on December 3, 2018

Market-Update

   Nifty close to 10880 flat closure

The market saw sluggish business today. The Sensex closed with a modest 50-point gain. At the same time, the Nifty also closed close to the level of 10,880. The mid-caps index has gained about 0.5%. Bank Nifty also closed the flat today too.

The negative impact of boom in crude oil prices was seen on the oil marketing companies. While HPCL has dropped more than 3%, IOC also closed in the red mark.

On the other hand, metal stocks got a lot of buying today. Metal companies such as Tata Steel, Vedanta, Hindalco and SAIL have been strengthened by 2 to 4% today. In fact, the momentum on the ongoing trade war between the US and China has increased the shine of metal stocks.

In today's turn, Indiabulls Housing, Yes Bank, HUL and Gail got the highest growth. On the other hand, Sun Pharma, M & M, UPL and HPCL were among the most vulnerable.

In today's turn, BSE's 30-share index Sensex closed at 46,70, which is 0.13% higher at 36241 levels. On the other hand, NSE's 50-share index Nifty closed 7 points, i.e. 0.06%, at 10883.75 level.

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