Monday, February 10, 2020

MARKET OUTLOOK OF 10 FEB 2020

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Coronavirus  was dominate the market today. The Sensex & Nifty closed in the red mark even today, at the end of business the market saw recovery from the lower levels. In today's business, financial, banking as well as Reliance Industries shares were seen buying from lower levels, while metal stocks were beaten today. After the results, Tata Steel was seen washing heavily today. In today's business, metal, auto and media stocks were the top losers, while shopping was seen in hotel and midcap pharma stocks. Kotak Bank, RIL, TCS and Bajaj Finance were the top gainers, while M & M was the top loser of ITC, Tata Steel and L&T , DMART, GNFC, saw the most gains today. The Sensex fell 162 points to close at 40980, while the Nifty fell 67 points to close at 12032. Banking stocks also saw weakness, due to which the Bank Nifty has lost 144 points and closed at 31058 level. The market was not supported even by small and medium stocks. The midcap index has fallen 176 points to close at the 18191 level today. After announced quarterly results Motherson Sumi has seen a sharp and the stock has slipped to a 13-week low. the company performed poorly on estimates on all fronts. More than 30 % in profits and about 5 % fall in income have been recorded. Yes Bank shares hiked 5.3% today the highest level in the last two weeks. The most active stocks included TATASTEEL, UPL, RELIANCE, SBI & IBULHFIN.
TOMORROW’S HIGHLIGHTS-IDBI, BHEL, CESC, COALINDIA
TOP GAINERS -TCS, BAJAJ FINANCE, HDFC, ASIANPAINTS, KOTAK
TOP LOSERS- M&M, MOTHERSUMI, TATAMOTORS, ASHOKLEY, NTPC, SUNPHARMA

2 comments:

  1. very good and useful information you have shared with me . i am thankful for this .

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  2. Thnakyou so much sir ...keep reading our daily post!!!

    ReplyDelete