Sensex down 135 points

Written by: CapitalAim on December 18, 2018


  Sensex down 135 points

Today the global signs are weak. From the Fed's meeting, the markets around the world are looking at the first pressure. . At the same time, today Asian markets are also open on the decline. SGX Nifty also looks weak. There is a sharp decline in crude prices. Crude oil has gone down to 14 months. Crude slips due to fear of over supply and global recession. Brent slipped down to $ 60. The beginning of Indian markets among these global signals has also happened today with weakness.

Sensex and Nifty movements are sluggish in the initial trading. At present, the Sensex is seen around 36,000 and the Nifty is at 10840. In the mid-and small-caps, shares are showing weakness in the same time with giant stocks. BSE's mid-cap index is trading 0.3% and the smallcap index is trading 0.2% with weakness. However, oil and gas stocks are showing some buying, which is showing BSE's oil and gas index rise 0.1%.

There is an atmosphere of weakness in private bank stocks today. However, PSU banks are seeing minor purchases. At present, the bank nifty is seen at a level of 26,887.50 with a weakness of 0.5%.

FMCG is making pressure on the sell-out market in IT and realty stocks. Nifty's IT index is trading 1.2%, FMCG index 0.5% and Realty Index is down 0.3%.

However, during the business, some shopping is seen in auto, metal, pharma and PSU bank shares. Nifty's Auto Index is 0.3% and PSU Bank Index is showing a growth of 0.1%.

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