Tuesday, March 3, 2020

SBI CARD IPO LED NIFTY UP

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Bulls trying to come back in market after fighting with bears. Nifty  form a bullish candle after eight consecutive red candles on daily chart. Nifty closed on positive note @ 11303 with good gains of 171 points. The Sensex gained 480 points to close at 38,624.
 Along with heavyweight stocks, mid and small cap stocks were also seen. The BSE mid-cap index closed up 1.79 percent and the small-cap index gained 1.25 percent. Bank Nifty closed 1.09% higher than the 29000 level due to good buying in King Shares. SBI Cards IPO opened yesterday. It is the second largest credit card company in the country, IPOs of SBI cards have been subscribed 56.5%. Vodafone Idea gains 11% & Infosys share price gained over 1%, Vedanta, Hindalco, and Zee Entertainment were seen in good buying, while in Bajaj Auto, Yes Bank and ITC stock in selling. Sun Pharma was the top gainer with a growth of 6.64%, followed by Tata Steel and ONGC. RIL, ICICI Bank, Kotak Bank & TCS were among the major contributors today.
TOP LOSERS-ITC,YES BANK 

TOP GAINERS-VEDL,SUN PHARMA,ZEEL,CIPLA,GRASIM

1 comment:

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