Sensex continues to see consolidation, Nifty around 11,550; midcap falls 1%

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Indian Indices:
                                       Consolidation has continued on D-Street through the morning, with the Nifty hovering around 11,550-mark. IT stocks have maintained their strong momentum and looked to support the market from falling further.

Heavyweights such as RIL and HDFC twins, too, are batting for the bulls. FMCG stocks are the biggest losers, while banks, auto, infra, metals and pharmaceuticals are also a drag.

Meanwhile, midcaps have also traded weak, falling over a percent.

Among stocks, Infosys and TCS are the top gainers, while HUL, IndusInd Bank, and UPL have lost the most. 

The Sensex is down 22.22 points or 0.06% at 38290.30, and the Nifty down 26.90 points or 0.23% at 11555.50. The market breadth is negative as 862 shares advanced, against a decline of 1,479 shares, while 112 shares were unchanged.

Global Market:


•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.05% while the Hang Seng is down 0.11%. The Shanghai Composite is not trading.

•    US Markets: While a 'battle royale' plays out in the US stock market, one strategist finds better opportunity abroad.

•    European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.97% and the CAC 40 rose 0.13%. The DAX lost 0.14%.

Major Headlines of the day:

•     NSEL scam: Sebi grants Motilal Oswal 3 weeks to reply to show cause notice
•     Currency volatility to have 'limited impact' on India's credit profile: Fitch Ratings

Trend in FII flows:-  The FIIs were Net Value of Rs -21.13 cash segment while the DIIs were Net Value of  -542.12 per the provisional figures.

Securities in Ban For Trade Date 04-SEPTEMBER-2018

NIL

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