Closing market podcast for May 8, 2018
Share
Subscribe
It was a quiet day on D-Street but the action was in individual stocks. The S&P BSE Sensex, and Nifty50 closed flat with a positive bias on Tuesday but nearly stocks on the BSE rose to their fresh 52-week high.
Stocks which touched their respective 52-week high include names like Jubilant FoodWorks, Pfizer, HIL, Quess Corp, Godrej Properties, Gruh Finance, Indiabulls Ventures, Divi’s Laboratories, Godrej Properties, Astral Poly, and Bombay Dyeing etc. among others.
Financials outperformed propelling Nifty bank by nearly 1 percent, led by gains in ICICI Bank, Federal Bank, SBI, Bank of Baroda, and Axis Bank. ICICI Bank contributes 280 points to Nifty Bank gains.
The market breadth was in favour of declines with Advance-Decline ratio at 1:4.
On the sectoral front, the S&P BSE Banking index rose 1.3 percent, followed by the S&P BSE Realty index which rose 1.06 percent, and the S&P BSE PSU index gained 0.8 percent.
On the losing front, the S&P BSE Capital Goods index slipped 0.85 percent, followed by the S&P BSE Consumer Durable index which dipped by 0.8 percent, and the S&P BSE IT index which was down 0.5 percent.
The S&P BSE Midcap index slipped 0.10 percent, and the S&P BSE Smallcap index rose 0.10 percent.
Top Sensex gainers include names like ICICI Bank (up 6.8 percent), SBI (up 1.4 percent), Axis Bank (up 1.1 percent), Power Grid (up 1.14 percent), and Tata Motors (DVR) (up 0.7 percent).
Top Sensex losers include names like L&T (down 1.7 percent), Infosys (down 1.5 percent), Yes Bank (down 1.1 percent), and IndusInd Bank (down 0.9 percent).