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Equity Tips
Midcap outperforms Nifty; Indraprastha Gas, Indiabulls Real most active

Equity benchmarks opened mildly lower on Tuesday, weighed by profit booking. The market rallied for previous eight consecutive sessions.

The 30-share BSE Sensex was down 32.62 points at 33,691.82 and the 50-share NSE Nifty fell 11 points to 10,388.50.

Power Grid, NTPC, ITC, IOC, Bharti Airtel, ICICI Bank, Tata Motors, Tech Mahindra, Bharti Infratel and Infosys were early losers.

Tata Power, HUL, Cipla, IndusInd Bank, HDFC Bank, Ambuja Cements and UltraTech Cement were early gainers

Reliance Communications plunged 8 percent. Reliance Capital, Reliance Naval and Reliance Infrastructure fall 1 percent each.

IGL, Gujarat Gas, Mahanagar Gas, Rallis India, IDBI Bank and Eris Life gained 1-5 percent.PNB Housing Finance and Glenmark Pharma fell 3 percent.

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report.

"Disinvestment drive and GST rollout will reduce pressure on fiscal arithmetic," domestic rating agency India Ratings said in a report today.

It can be noted that government has reiterated its commitment to narrow down the fiscal deficit to 3.2 per cent for fiscal 2018.

Equity benchmarks continued to consolidate ahead of expiry of November derivative contracts on Thursday.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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