Thursday, April 16, 2020

NIFTY IN NEW HIGH

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Today Market broke the two days losing streak and ended higher in the volatile session. Expectation of relief package has  brought market recovery.At close, the Sensex was up 222 points at 30602, and the Nifty was up 67.50 points at 8992. Except IT and FMCG all other sectoral indices ended in the green. L&T was run for the 7th consecutive day on the back of big deals. These shares rose nearly 19 % in 2 weeks. There was good buying in metal and power stocks. Capital Goods shares  was dominate buying. Bank Nifty was also looking bright. Reliance, ICICI Bank, L&T and HDFC was also given good contribution of todays market. Infosys Ltd and HCL Technologies Ltd were down about 2.5%, while Tech Mahindra Ltd and Hexaware Ltd slumped 4-6%. After Q4 results today Wipro, has reported a 6.3% YOY fall in  the quarter ended March 2020 While Wipro was trading 0.72 % lower at Rs 185.20 apiece,  Shares of market leader TCS,which announced report results  today, were trading 2.4 % lower at Rs 1693.
TOP GAINERS-NTPC, VEDL, ICICBNK, HINDALCO TITAN
TOP LOSERS- HCL, KOTAKBNK, TECHM, HEROMOTOCO, INFOSYS

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