SCARY WEDNESDAY!!!
Today market came under pressure due to rising corona virus. The Nifty lost 120 points and closed below 11680. The Sensex closed down 392 points at 39888.Selling pressure was seen in telecom, auto, realty, power, and metal indices. BANDHAN BANK has got a big relief, INDIA CEMENT ran 33% in 2 days. In investing market increased stocks was BANDHAN BANK, IRBINFRA, JSWSTEEL, YESBANK, INDIACEMENT, TATACHEM, VEDL & BPCL. Markets remain volatile ahead of February series monthly expiry tomorrow, as traders will roll over positions in the F&O segment to March series 2020.In three days of this week nifty was 3% down, banknify 2.4% down, mid-cap 3% down, smallcap down 2%. The auto shares down 6% in this week tata motors fall by 9%, eicher motors fall by 9%, maruti down 7%, & metal shares fell 7% as hindalco down%, jsw steel down 8% while pharma down 6%.In upcoming days we expect the weightage of Bajaj Fin, HDFC, Bandhan, ICICI, RIL and Infosys ,TCS, Axis bank, HUL will also increase. On the other hand, the weightage of Shriram Trans, Tata Steel, Dr Reddy will decrease.
TOP GAINERS-YESBANK,SBIN,HCLTECH,INFRATEL
TOP LOSERS-GAIL,SUNPHARMA,HINDALCO,GRASIM
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