Thursday, March 14, 2019

MARKET OUTLOOK OF 14 MAR 2019


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In the broader market, the S&P BSE MidCap index ended at 15,088, down 40 points or 0.26 per cent, while the S&P BSE SmallCap index closed at 14,888 Benchmark indices ended flat in choppy session on Thursday.At the close, the Sensex was up 2.72 points at 37754, while Nifty was up 1.60 points at 11343. About 1216 shares have advanced, 1468 shares declined, and 148 shares are unchanged. Nifty Bank has crossed 29,000 for the first time today, but ended off day's high.NTPC was the top gainer on the Nifty followed by IndusInd Bank, Yes Bank, Sun Pharma and Coal India, while Power Grid Corp lost 3 percent, followed by HCL Tech, Hero Motocorp, UltraTech Cement and Tata Motors.
Among the sectors, IT and auto stocks remained under pressure, while buying was seen in in the metal and pharma stocks.Ahead of Lok Sabha elections, the investors are shifting focus to political developments. The market is hoping that Modi will come back to power and the recent rally has been on the back of foreign investors pumping in money.In March itself, the Nifty50 is the best performer globally and overall Indian equities attracted more Rs 27,000 crore of FII inflow since February, which is highest in last many months.

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