Asian stocks trade mixed; Midcaps underperform Sensex;IT stocks gain led by Infosys
The BSE Midcap index was underperforming Sensex during Thursday's trade.
Around 11:35 am, the midcap index was 0.23 per cent down at 15,664, while the Sensex was 0.48 per cent up at 34,511. The NSE Nifty was 0.35 per cent up at 10,467.
The BSE Midcap index was underperforming Sensex during Thursday's trade.
Around 11:35 am, the midcap index was 0.23 per cent down at 15,664, while the Sensex was 0.48 per cent up at 34,511. The NSE Nifty was 0.35 per cent up at 10,467.
The market was trading on a positive note on Thursday morning, with the Nifty 23 points at 10,453 and the Sensex gaining 120 points at 34,465.Nifty IT was up over 1.5 percent led by KPIT Tech, Infosys, HCL Tech, Tata Consultancy Services and Tech Mahindra.The top gainers among Nifty constituents were Infosys, HCL Technologies, Tech Mahindra, Tata Consultancy Services and HDFC.
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The most actively traded stocks on the NSE were Tata Motors and Jet Airways which dipped 7-9 percent while PC Jeweller, Vedanta and State Bank of India were the other active stocks.
The Nifty50 is expected to open flat-to-positive on Thursday following muted trend seen in other Asian markets. The index closed 106 points lower at 10,430 on Wednesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Stock Exchange. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Exchange.
Global Market:
• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.16% while the Hang Seng is down 0.19%. The Shanghai Composite is not trading.
• US Markets: The Dow Jones Industrial Average rose 52.4 points, or 0.21 percent, to 24,886.81, the S&P 500 gained 8.85 points, or 0.32 percent, to 2,733.29 and the Nasdaq Composite added 47.50 points, or 0.64 percent, to 7,425.96.
• European markets- European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 1.47% while France's CAC 40 is off 1.32% and London's FTSE 100 is lower by 1.13%.
In the last two months of dealings in the domestic markets, stocks have seen a round of appreciation largely on the hopes of better fourth-quarter corporate earnings. The S&P BSE Sensex has added nearly 8% from the bottoms in the last two months after recovering from the downtrodden effects of global sell-off, LTCG tax jitters, India’s biggest banking fraud unravelling at PNB and elevated volatility in global markets following the trade war worries between the United States and China. As investors continue to look for investment avenues, we bring to you 7 blue-chip stocks which may fetch up to 45% on the invested money.
Securities in Ban For Trade Date 24-MAY-2018 :-
1. BEML
2. DHFL
3. RCOM
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