Sensex marginally off its high point, Nifty manages to hold 11,700; metals extend gains

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Indian Indices:  
                                        Shares are marginally off their high points, but the Nifty is managing to hold 11,700. The Sensex is trading above 38,700-mark as well.

The Bank Nifty is trading flat with a negative bias, while all other sectoral indices are trading in the green. IT, metals and pharma have extended their gains, while, autos are trading higher too. Energy stocks are seeing some weakness, with the Nifty energy index falling 0.2 percent. In the broader market, the Nifty Midcap is up around a percent. 

The Sensex is up 79.67 points or 0.21% at 38724.74, and the Nifty up 23.20 points or 0.20% at 11703.70. The market breadth is positive as 1,461 shares advanced, against a decline of 860 shares, while 108 shares are unchanged.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.50% while the Hang Seng is down 0.90%. The Shanghai Composite is not trading.

US Markets: Stocks clinch best August performance in over 4 years despite trade turmoil.

European markets: European markets finished sharply lower on Friday with shares in France leading the region. The CAC 40 is down 1.30% while London's FTSE 100 is off 1.11% and Germany's DAX is lower by 1.04%.

Major Headlines of the day:

•     Hero MotoCorp sales rise to 685,047 units in August.

•     Will positive sentiment push Nifty near 11,800 on Monday after strong Q1 GDP data?

Trend in FII flows:-  The FIIs were Net Value of Rs -212.81 cash segment while the DIIs were Net Value of  171.92 per the provisional figures.

Securities in Ban For Trade Date 03-SEPTEMBER-2018

NIL

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