D-Street Buzz: midcap, smallcap outperform; market breadth in favours of advances

9 November, 2018 6:46 AM

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D-Street Buzz: midcap, smallcap outperform; market breadth in favours of advances

Benchmark indices are trading flat with Nifty holding above 10,600, while Sensex is up 11 points on Friday.

Asian Paints, Yes Bank, Sun Pharma, Adani Ports and Maruti Suzuki are the top gainers on the Sensex.

Auto stocks are trading higher with 1 percent gain led by Bajaj Auto, Bosch, Hero Motocorp, M&M, Maruti Suzuki, Tata Motors and TVS Motor.

From the oil & gas space, Reliance Industries, IOC, BPCL, HPCL and Petronet LNG are the major gainers.

Nifty PSU bank index is trading higher led by Canara Bank, Bank of India, IDBI Bank, OBC, Syndicate Bank and Union Bank.

Adani Gas, Birla Cable, Kilitch Drugs and Universal Cables are some of the few stocks which hit new 52-week high on the NSE.

Midcap and smallcap are outperforming the major indices. Apollo Hospital, Berger Paints, Blue Dart, Central Bank, GE T&D India are among top midcap gainers.

13 stocks have hit new 52-week high including names like Adani Gas, Tijaria Polypipes, Usha Martin, Kilitch Drugs and Divis Laboratories among others.

The breadth of the market favoured the advances with 925 stocks advancing and 743 declining while 390 remained unchanged. On the BSE, 1247 stocks advanced, 991 declined and 145 remained unchanged.

Source: moneycontrol.com

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