RiddhiSiddhi (SEBI, NSE, BSE Registered):
RIDDHI SIDDHI SHARE BROKERS LATEST AFTER THE BELL          23rd July 2018:

Nifty (CMP 11085, UP 75 points)

Riddhi Siddhi Team observed that Dalal Street maintained its strength in today’s trading session despite weak worldwide stock markets on backdrop of renewed U.S-China trade worries.

As per the Riddhi Siddhi Research Team The positive catalysts boosting sentiments at our stock markets were:

1. The government's decision to reduce goods and services tax (GST) rate on 88 goods and services.

2. BJP government comfortably defeating the no-trust vote in the Parliament on late Friday.

Nifty is now just shy of 100 points to achieve its all-time-high while the Sensex has scaled a fresh record high. As per Riddhi Siddhi Share Brokers Research Team the positive takeaway from today’s trade was that the market breadth, indicating the overall health of the market, was positive. The BSE Mid-Cap index rose 1.29% and the BSE Small-Cap index rose 0.93%. Both these indices outperformed Nifty/Sensex.

UPL & ITC were star performer jumping 15.41% 3.8% respectively while Index heavyweight Reliance Industries (RIL) fell 0.74%, HDFC Bank fell 1.48% and Wipro lost 2.47%.

Judging by today’s trading action as per Riddhi Siddhi research team the sentiment has improved considerably as was also reflected by outperformance by the Mid-cap & Small-cap actions.

All hopeful eyes now again on Nifty’s all-time-high at 11,172 mark.

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