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Friday, August 24, 2018

Sensex marginally higher, Nifty around 11,600; Axis Bank up 2%


A sharp recovery in banks as well as metals has helped the market. FMCG and pharmaceuticals are trading in the red.

Equities have begun the last trading session for the week on a sombre note, with the Nifty hovering around 11,550. The Sensex is trading flat. All sectoral indices are trading in the red, with maximum cuts visible in banks, FMCG, and metals, among others. Among broader markets, midcaps, too have taken a hit, down about a quarter of a percent.

The Sensex is down 28.95 points or 0.08% at 38307.81, and the Nifty down 20.90 points or 0.18% at 11561.90. The market breadth is positive as 346 shares advanced, against a decline of 187 shares, while 48 shares were unchanged.

Axis Bank, IndusInd Bank, and HCL Tech are the top gainers, while ICICI Bank, Vedanta, Hindalco and Bharti Infratel have lost the most.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-marginally-higher-nifty-around-11600-axis-bank-up-2-2875471.html

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