Wednesday, 18 January 2017

Nifty Hovers Around 8400, Midcap Off Day’s High

Benchmark indices as well as broader markets turned volatile after wiping out morning gains. HDFC Group, infra and Tata Group stocks continued to support the market whereas oil and select banks stocks weighed.
The 30-share BSE Sensex was down 16.04 points at 27219.62 and the 50-share NSE Nifty gained 1.65 points at 8399.65.
The market breadth was positive as about 1412 shares advanced against 1171 declining shares on the BSE.
ICICI Prudential Life gained 2 percent after cabinet has approved listing of 4 PSU general insurance companies.
Shares of HUL, Tata Steel and BHEL gained 3-4 percent while Reliance Industries, ITC, NTPC, Bajaj Auto, GAIL and Bharti Airtel were under pressure.
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