Wednesday, February 6, 2019

MARKET SUMMARY 06 FEB 19


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Shares of SRF jumped 10% to settle at Rs 2,239 respectively on BSE after the company reported a strong set of numbers for the quarter ended December 2018. The sensex ended at 36,975, up 358 points, while the  Nifty settled at 11,062, up 128 points Shares of Reliance Industries settled 1.52 %higher at Rs 1,310
The nifty get back 11,000 levels in intra-day trade on Wednesday, a feat it last achieved on October 1, 2018. The recent rally has been on account of positive news-flow and better-than-expected financial performance in a handful of stocks that comprise the index. the stock hit the 11,000 level, RIL, Titan Company, L&T, HUL have moved up in the range of 4 % to 31 % till February 5. Axis Bank, Kotak Mahindra Bank, ICICI Bank, SBI, HDFC Bank, Bajaj Finance and  bajaj finserve from the financial space; Wipro and infosys the IT sector have been among the top gainers. On the other hand, Sun Pharma, Vedanta, Grasim, Indiabulls Housing Finance, JSW Steel, Tata Motors, cipla and Coal India were  the worst  performer during this period, slipping 20 % to 36 %.



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