Day trading guide for today: Six buy or sell stocks for Wednesday —September 6
Day trading guide for today: Domestic equity benchmarks Sensex and Niftysettled higher in the previous session for the third straight day amid positive domestic macroeconomic data. Domestically focused mid-caps and small-caps outperformed the blue-chips setting record highs. The 30-share BSE Sensex ended higher by 152.12 points or 0.23 per cent at 65,780.26 level on Tuesday, September 5, while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24 per cent.
The benchmark Nifty 50 has added 1.67 per cent in the last three sessions after India's first-quarter gross domestic product (GDP) grew at 7.8 per cent, the fastest pace in a year. The Nifty Midcap 100 index gained a per cent to hit an all-time high, riding past 40,000-mark on Tuesday led by a strong bullish momentum in midcap stocks. The Nifty Smallcap 100 index has increased by more than 30 per cent, while the Nifty Midcap 100 index has increased by more than 27 per cent so far this year.
Both indices have performed much better than the benchmark Nifty, which has increased by 8 per cent during the same time period. While Sun Pharma and ITC emerged among the top gainers, heavyweights Maruti Suzuki and UltraTech Cement were the major drags. Ten of the 13 major sectoral indexes logged gains, with realty adding 1.06 per cent, and extending gains for the seventh consecutive session.
‘’Domestic equities closed positively for the third consecutive day led by optimistic domestic cues. Services PMI data came in strong at 60.1 for the month of August, boosting sentiments. Despite weak global markets, Nifty opened positive and traded in a narrow range to finally close with gains of 46 points (+0.2 per cent) at 19,575 levels,'' said Siddhartha Khemka, Head - Retail
. Read more on livemint.com
