Tuesday, February 4, 2020

MARKET CLOSED AT A SPECTACULAR PACE


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Tuesday 04 FEB 2020 market  closed on high note .The Nifty  gained 2 % in last two days. In today's market, oil-gas & metal stocks rose strongly. The Nifty  ended 279 points at 11980. At the same time, the Sensex  gained 917 points to close at 40789. Bank Nifty gained 663 points to close at 30687. The story of the market change every time. Sometimes a story like Corona starts scaring it, sometimes events like budget shakes it. But on the next turn, this story changes again and the market starts running to its tune. Something similar was happening in the market for the last few days. But gradually as the budget started to open up, the stock market started to understand that there are still many profitable themes in the market. Now it is writing  new story in green color and is not afraid. Today HUL, NESTLE, ASIAN PAINTS, CENTURY PLY, AMBER ENTERPRISES, BATA and MGL  was those shares in which earning was showing opportunities.  There was also good buying in small-medium stocks. After announced quarterly result of Titan's standalone revenue grew 9.4%. HEROMOTO  volume today was 25 % higher than the 1-week average. At the same time, TataGlobal also was a fast potential.Due to quarterly result announcement  Adani Ports profit down 4%, JB Chem profits up 32.9%, Bajaj Elec's profit down 84%, Bajaj Auto fell by 3 % today.Reliance was the king of the market with a rise of 2 %. The SRF results was better than expectation,profits grew  &  margin was also increased by 4% . The results of  SRTRANSFIN was  good. Its profit has increased by 38 % asset quality also improved.
TOP GAINERS-TITAN, INFRATEL, IOC, BPCL, ITC, GAIL, TATASTEEL,
TOP LOSERS-ZEEL,YESBNK,HINDUNILVR




4 comments:

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