Sensex deepens losses, Nifty trades around 11,350; metals take a hit

Capitalstas Financial Research

Indian Indices:
                                          Some selling pressure is visible on the market, as benchmarks have extended their losses. The Nifty has given up 11,350 as well, while the Sensex is down almost 100 points.

Among sectors, banks, automobiles, IT, and metal names are taking a hit, while pharmaceuticals are trading higher. The midcap index is down over half a percent as well.

The Sensex is currently down 89.78 points or 0.24% at 37495.73, while the Nifty is lower by 32.00 points or 0.28% at 11345.80. The market breadth is negative as 896 shares advanced, against a decline of 1,226 shares, while 155 shares were unchanged.

HUL and Yes Bank are the top gainers, while Vedanta, State Bank of India, and Hindalco have lost the most. 

Global Market:

•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.07% while the Hang Seng is down 0.63%. The Shanghai Composite is not trading.

•    US Markets: Dow set to open 100 points lower following new US tariffs on China.

•    European markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.23% while France's CAC 40 is off 0.07% and London's FTSE 100 is lower by 0.03%.

Major Headlines of the day:

•      Sebi board to discuss fiduciaries framework, settlement mechanism on September 18
•      Nifty likely to open flat.

Trend in FII flows:-  The FIIs were Net Value of Rs -106.54 cash segment while the DIIs were Net Value of  -180.36 per the provisional figures.

Securities in Ban For Trade Date 18-SEPTEMBER-2018
1.Adanient

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