Thursday, February 27, 2020

NIFTY GETS EXPIRY BLUES


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Today was the weakest Monthly Expiry of 6 months. The market continues to be infected by the virus. Due to February expiry Sensex was down 143 points at 39745, while Nifty was down 45 points closed at 11633.This series was extremely weak for the market where the Nifty has lost 4%. At the same time, Bank Nifty fallen by 2% . Mid and small-cap stocks closed on the downside along with heavyweight stocks. Bank Nifty has fallen 0.40 per cent to close at 30187 levels due to the fall in banking shares. Except pharma, all other stocks were ended in the red  followed by the IT, energy, metal, infra & auto .Stock was mcdowell Holdings gained 19% ,Muthoot Finance gained 24%. The Bajaj Fin climbed 9.5%, while the HUL gained 9.5%. Here Shriram Trans has gained 17%., Bajaj Fin gained 14%, Escorts & SRF 12%, Mindtree 11%, Balkrishna Ind and HUL 10%. Also in  February series, PFC gained 8%, Torrent Pharma 7% and Apollo Hosp 6%. SBI also lost 2.5% after a two-day rally. ICICI Bank, HDFC Bank was trading at 4-week low.
TOP GAINERS -SUNPHARMA,TITAN, AXIS BANK
TOP LOSERS-WIPRO, JSW TEEL, ZEEl, ONGC IOC 

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