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Wednesday, 16 May 2018

Free Share Market Tips: Sensex Slips 200 Points, Nifty Slips Below 10750

Free Share Market Tips expert report says After the results of the Global Signals and Karnataka elections, the domestic market started weak on Wednesday. The Sensex fell by 92 points to 35,452 points. On the other hand, the Nifty 50 points fall to 10,752 levels. In the early business, the decline in the market has increased. The Sensex has broken more than 150 points, while the Nifty has slipped below 10750. On the NSE, the reality is showing the decline in all sectoral indices.




Karnataka election effect

In Karnataka elections, BJP has emerged as the largest party with 104 seats, although it has remained behind the majority mark of 112 seats. Secondly, Congress and JD (S) have agreed to form the government in collaboration with 78 and 38 seats respectively. 

It impacts on the stock market. On Tuesday, the Sensex dropped 447 points from its upper levels and closed at 35544 levels. On the other hand, the Nifty also fell further at the level of 10802.

Midcap, the pressure in smallcap stocks

Free Share Market Tips expert believes Selling in mid-cap and small-cap stocks in early business is going on. The BSE mid-cap index has dropped 0.47 percent, while the Nifty Midcap 100 index was down 0.44 percent. The BSE Small-Cap Index has declined by 0.34 percent.

Among the mid-cap stocks, RCom, MRPL, Vikranti, BEL, Crompton, Federal Bank, Bank of India, Reliance Infra, IDBI, Reliance Capital have dropped 7.23-2.55 percent. However, Mfasis, Muthoot Finance, Natco Pharma, Colgate Palmolive, Ashok Leyland, 3M India, TVS Motors increased by 0.43-3.25 percent.

What stocks are bullish, the decline in stocks

Shares of Tata Motors, Tata Steel, Wipro, TCS, Asian Paints, HDFC Bank and ITC are showing an increase of 0.11 percent to 0.77 percent during the business. At the same time, Hero Motocorp, ICICI Bank, SBI, Adani Ports, Reliance Industries, Axis Bank, ONGC, Bajaj Auto, M & M, Coal India and IndusInd Bank are down 3.21-0.81 percent.

FII sells, DII buyers

According to the Free Share Market Tips expert On Tuesday, Foreign Institutional Investors (FIIs) sold shares worth 518.47 crores in the domestic stock market. However, Domestic Institutional Investors (DII) invested Rs 531.33 crore in the market.

Bond Yield Above 3%, US Markets Fall

Due to the crossing of US bond yield 3 percent, there was a sharp decline in US markets. In Tuesday's trade, Dao Jones slipped 193 points to 24,706. Nasdaq dropped 60 points to 7,352. The S & P 500 index closed at a level of 2,711 with a fall of 19 points.

For More Info Visit Here:  https://www.rudrainvestment.com/free_trail.php

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