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Today nifty was nervous due to the growing threat of corona in India. Markets closed
downside after day's ups & down. However, recovery from lower levels was
observed in the last trading hour. Nifty closed down 169 points from the lower levels while sensex
managed to close by 563 points from the
day's low. The Bank Nifty closed down 546 points. Banking stocks also returned
in the last round of trading session. Today's business saw a buying in IT and
pharma stocks. At the same time, banking, metal and realty stocks were
sold. SBI Card IPO may get subscriptions
less than expected earlier as investors are anticipating uncertainty over world
equity markets. We believe this correction is a very attractive opportunity for
investors to accumulate stocks as the structural uptrend is intact. Metal And
private banking stocks are attractive at current levels. Today major buying
seen in CIPLA, DR REDDY’S LABS, POWER GRID, SUN PHARMA & GAIL, while selling
seen in YES BANK, EICHER MOTORS, BAJAJ FINANCE, TATA MOTORS & ITC. Except
pharma, IT & energy all other sectoral indices ended in the red.
TOP GAINERS-CIPLA,SUNPHARMA,GAIL,WIPRO,TCS
TOP LOSERS-YESBNK,ITC,TATASTEEL,HDFCBNK,BPCL
Today nifty was nervous due to the growing threat of corona in India. Markets closed
downside after day's ups & down. However, recovery from lower levels was
observed in the last trading hour. Nifty closed down 169 points from the lower levels while sensex
managed to close by 563 points from the
day's low. The Bank Nifty closed down 546 points. Banking stocks also returned
in the last round of trading session. Today's business saw a buying in IT and
pharma stocks. At the same time, banking, metal and realty stocks were
sold. SBI Card IPO may get subscriptions
less than expected earlier as investors are anticipating uncertainty over world
equity markets. We believe this correction is a very attractive opportunity for
investors to accumulate stocks as the structural uptrend is intact. Metal And
private banking stocks are attractive at current levels. Today major buying
seen in CIPLA, DR REDDY’S LABS, POWER GRID, SUN PHARMA & GAIL, while selling
seen in YES BANK, EICHER MOTORS, BAJAJ FINANCE, TATA MOTORS & ITC. Except
pharma, IT & energy all other sectoral indices ended in the red.TOP GAINERS-CIPLA,SUNPHARMA,GAIL,WIPRO,TCS
TOP LOSERS-YESBNK,ITC,TATASTEEL,HDFCBNK,BPCL
good post , Nice blog for traders to understand the valuable stock for investing.
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