Nifty 50 Traded Near 10900, Sensex Up 300 points

The Nifty 50 traded near 10,900. Asian stocks began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth. US equity futures edged up with stocks in Japan and Australia, while shares slipped in Shanghai and Hong Kong. Oil prices climbed after US drilling activity fell to its lowest level in about two months.

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Nifty Intraday Next Target 10280—10210 – Neal Bhai Reports

Nifty Intraday Next Target 10280—10210 – Neal Bhai Reports

The BSE Sensex was down 500 points and the Nifty 50 plunged below the 10,400 level ahead of the final assembly election results from five states. Benchmark indices BSE Sensex and NSE’s Nifty 50 slumped 2% in the previous session after exit polls released after market hours on Friday projected the BJP losing power in Rajasthan and facing a tight finish in Madhya Pradesh and Chhattisgarh—

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Sensex, BSE MidCap Valuation Gap Shrinks Sharply in FY19

Nifty

With the BSE MidCap index seeing a sharp fall this year, its valuation premium over larger set of stocks is shrinking at a rapid pace. From beginning of this fiscal, the premium of BSE MidCap index to Sensex has slipped 65.11% to current levels from the highs it had touched on 3 September.

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