look news india
Stock Market All Time High: The trend of continuous rise in the stock market continues. Sensex and Nifty are making new historical highs every day for the last five trading sessions, albeit at a slow pace. Today Sensex again jumped by 300 points and reached an all-time high of 85462.62. Nifty also maintained the level of 26000 and touched a record high of 26087.80.
Various rating agencies have projected India's economic growth rate to be strong and the stock market is moving with a positive trend due to the rise in Asian markets. However, the market breadth has turned cautious in view of F&O expiry. 20 stocks in the Sensex pack rose up to 3.40 per cent, while 10 stocks traded down by up to 1.34 per cent.
Selling in midcap-smallcap stocks
Today, selling pressure was seen in midcap and smallcap stocks. Consumer durables stocks also declined and the index fell by 1.26 percent. IT and Tech indices were trading 0.56 percent and 0.41 percent higher. Today is the last day of settlement due to F&O expiry, so profit booking is being seen in most segments.
Market breadth negative
After a positive start in the morning, the stock market is trading cautiously. Out of the total 3910 stocks traded on BSE, 1674 stocks improved and 2091 stocks declined. 238 stocks hit upper circuit and 210 stocks hit lower circuit. On the other hand, 213 stocks reached new highs for the year and 31 stocks reached lowest levels for the year. No significant increase in investors' capital has been seen till the time of writing the news.