Nifty closes below 11400

Written by: CapitalAim on August 16, 2018

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  Nifty closes below 11400, Sensex breaks 188 points

Show the pressure of selling in the market today Both the Sensex and the Nifty have declined about 0.5-0.5%. In today's trading, the Nifty had dived to 11,366.25 while the Sensex had more than 200 points weakness. Finally, the Nifty closed close to 11,400, while the Sensex closed at 37,700.

There is also pressure in mid-caps and smallcap stocks. BSE's mid-caps index closed 0.5% lower, while the mid-cap index of the Nifty 100 index declined 0.1%. BSE's smallcap index closed down 0.2%.

BSE's 30-share index Sensex fell by 188 points, or 0.5%, to close at 37,663. On the other hand, NSE's 50-share index Nifty closed 50 points i.e. about 0.5% and closed at 11,385 level.

Today, the pressure of the largest selling was seen in metal, media, financial services, banking, realty, capital goods, consumer durables and oil and gas stocks. Bank Nifty closed 0.7% down at 27,826.5. However, good purchases were seen in pharma stocks.

Shares of Kotak Mahindra Bank, Vedanta, Jee Entertainment, HDFC, Hindalco, Tata Steel and L & T have been closed down by 3.7-1.6%. However, Gail, Dr Reddy's, Sun Pharma, Lupine, Infosys, Bharti Airtel, Tata Motors and Axis Bank have climbed up to 3.7-0.9% in the giants.

Piramal Enterprises, Rajesh Exports, Jindal Steel, SAIL and JSW Steel have been rolling down 4.5-3.6% in mid-cap stocks. However, in mid-cap stocks, United Breweries, NBCC, Future Retail, Tata Chemicals and Berger Paints have climbed up to 5.6-2.2%.

IntraSoft Tech, Easter Industries, Nutrapple India, Mangalam Drugs and Shreyash Shipping in Smallcap Shares have been broken down to 20-9.2%. However, in smallcap stocks, HDIL, BF Investment, Jansar Tech, Tamilnadu Newsprint and Patel Engineering have closed up to 18.3-12%.

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