Thursday, April 23, 2020

NIFTY EXTENDED GAINS


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Today on the day of the Weekly Expiry, there was a rage in the market. The Nifty has managed to close beyond 9300 today. Bank Nifty is also showing strong strength. Kotak Mahindra, TCS, ICICI Bank and HDFC BANK have energized the market. Midcap stocks have been the most action in today's business. There were also good purchases in IT, metal and finance stocks.At the same time, FMCG, Power shares were sold. The markets have closed today for the second consecutive day. Sensex has closed 484 points at 31,863 today. At the same time, the Nifty has gained 127 points to close at 9314. Bank Nifty has closed at 20,267, climbing 566 points. Reliance Industries continues to boom. The stock has reached 8 weeks on the basis of Facebook deal.  Pharma shares are in good health. LENMARK PHARMA gained 6%. LUPIN and CADILA are also trading up 3-4 %. Chemical stocks was seeing strong growth due to good quarterly results, rising demand for cheaper crude and sanitizer. Shares such as Tata Chem, Aarti Ind, Nocil and Deepak Nitrite have ranged between 3 and 5 %,but The coming days may be tough for the auto sector. Today market was getting support from ICICI, RELIANCE, KOTAK, TCS.
TOP GAINERS-TCS, INFY, ICICIBANK, ZEEL,ONGC, HINDALCO
TOP LOSERS-TITAN, GRASIM, NTPC, SBIN

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