new Delhi: Just a day before the January futures expiry, there was a huge fluctuation in the market. However, Sensex and Nifty managed to create new records. The Nifty touched a new record of 11,110.1 in the upper level, while the Sensex reached a new record level of 36,268.2. However, the Sensex and Nifty did not survive to the upper levels. The Nifty slipped to 11,046.15 while the Sensex plunged to 36,036.51. Finally, the Sensex closed at 36,162 with a 22-point gain. The Nifty 2.3 point marginally closed at 11,086 level.

Pressure in small and medium stocks
Today, small-medium stocks have seen the pressure of selling. BSE’s mid-cap index closed 0.6 percent lower at 17,976. Nifty’s mid-caps 100 index closed at a low of 21,637 with a weak 0.5 percent. BSE’s smallcap index closed nearly 1 percent down at 19,475 level.

Selling in these sectors
Selling was dominated by metal, auto, private bank, consumer durables, capital goods and power stocks. The Nifty metal index fell 1.7 per cent, the auto index was 0.6 per cent and the private bank index declined by 0.8 per cent. BSE’s consumer durables index was up 2.1 per cent, the Capital Goods Index was down 0.7 per cent and the power index was 0.25 per cent.

These Sectors Handled
PSU Bank, IT, Pharma and FMCG stocks saw good shopping. The Bank Nifty is flat with a close to 27,400, while the Nifty’s PSU bank index closed 3.5 percent stronger. Nifty’s IT index was up 1.5 percent, Pharma index gained 0.6 percent and FMCG Index gained 0.5 percent.

READ MORE  Year Ender 2017: New year in insurance sector and IPO may also be witness to merger-acquisition