NIFTY 50 nearing 12,000 and SENSEX nearing 41,000
The indices of the Indian stock market continue its fourthday of upmove with both the indices NIFTY 50 and SENSEX nearing their keylevels. However, the markets were driven down lower from this level a couple ofdays back, when the investors rejected the higher prices. Whether the marketswill accept the upmove or not remains to be seen in the two-and-a-half hours.
Large- , mid- , and small-cap stocks participating in therally
The market is showing consistency in its move with all thethree caps participating in the upmove. This indicates strength in convictionof buyers as they are continuing to buy stocks across size of all companies.
Realty stocks continue upmove
Realty stocks were the shining stars of last trading day, andthey are continuing to spearhead the sector indices today also. The index atthe time of writing is up about 3%.
Metals, banks and financial services stocks shine
In addition to the extraordinary performance of the realtystocks, the stocks of companies in metal, banking, and financial servicessectors are performing well with the indices for these up from 1% to 2.5%
FMCG, media, and pharmaceuticals stocks lag
Today’s lackluster performance is by the stocks in FMCG,media, and pharmaceuticals sectors. The performance of the indices of thesesectors, at the time of writing, is from -0.3% to 0.25%