Sensex extends 360 points

Written by: CapitalAim on December 7, 2018

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  Sensex extends 360 points

Before the exit polls of the five states elections, the market looked promising. In the closing down of the week, the Sensex has closed close to 35,650, imposing triple century. Before the exit poll, the market is showing optimism and the Nifty is also close to close to 10700. In today's business, banking shares have seen strong buying. Bank Nifty closed today with a gain of 396 points.

In today's trade, mid-cap stocks gained momentum, but smallcap stocks remained weak, with BSE's mid-cap index climbing up by 0.2% to close at 14,717.49. At the same time, the smallcap index closed at 14104.65 with a weakness of 0.3%.

The weakness in PSU bank shares, however, was seen as a strong buying in private bank stocks, which led to the close of the Nifty at the level of 26,594.30, with an increase of 1.5% today. However, due to the pressure of selling in PSU banks, the PSU bank Index of Nifty closed in red mark with a moderate weakness of 0.04%. At the same time, the Nifty's private bank index closed with an increase of about 2%.

Auto, FMCG and realty stocks were the biggest gainers today. Realty index of BSE closed today with an increase of 0.5%. At the same time, Nifty's auto index gained 0.9% and FMCG Index gained 0.6%.

Today, the weakness of IT and metal stocks in the business has seen the weakest. Nifty's IT index today closed 0.2% and metal index was down 0.4%. Oil and gas stocks were also weak today, with BSE's oil and gas index closing down 0.6%.

At the turn of the end, the BSE 30-share index Sensex has climbed 361.12 points, or 1.02%, to close at 35,673.25. On the other hand, NSE's 50-share index Nifty closed 92.55 points, ie 0.87%, at 10,693.70 level.

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