Bulls put up a fight as Sensex trades higher, Nifty looks to hold 11,300; pharma reverses losses

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 Indian Indices:   
                                          Pharmaceuticals have reversed their losses and trading in the green, while FMCG and IT sectors are also seeing a rally. The positive moves in these sectors, along with a rally in index heavyweights such as ITC, HUL and HDFC Bank are helping the indices stay in the green zone.

The Sensex is up 75.45 points or 0.20% at 37488.58, while the Nifty is higher by 15.00 points or 0.13% at 11302.50. The market breadth is negative as 768 shares advanced, against a decline of 1,374 shares, while 106 shares were unchanged.

Global Market:


•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.41% while the Hang Seng is down 0.38%. The Shanghai Composite is not trading.

•    US Markets: Dow rises more than 100 points as Apple leads tech shares higher.

•    European markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.27%, while the DAX led the FTSE 100 lower. They fell 0.13% and 0.08% respectively.

Major Headlines of the day:

•     Cipla gets South African regulator's approval for new HIV drug.
•     Asia stocks wobble near 14-month lows on simmering trade worries.

Trend in FII flows:-  The FIIs were Net Value of Rs -1454.36 cash segment while the DIIs were Net Value of  749.62 per the provisional figures.

Securities in Ban For Trade Date 12-SEPTEMBER-2018

NIL

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