Wednesday, April 8, 2020

NIFTY TRIMS LOSSES

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After a good rally there is a pressure of profit booking in the market. The market lost the middle fast & Nifty now slipped below 8800. Sensex fall 200 points.The midcaps  more upbeat than the Giants. Pharma shares a seen rising for the third consecutive day with up 4 %. Today stock gained nearly 20% in two days.The Nifty FMCG, auto, oil-gas index  gained 2 %. In auto stocks  run the fastest in that Maruti, M&M, Tata Motors and Ashok Landland have seen a jump of 5 to 9 %. Auto ancillary stocks  also showing strength. Bharat Forge ran over 12 %.Today pharma stocks shine in CIPLA, IPCA LAB and CADILA HEALTH CARE ran up to 25-30 % in three days.HDFC, HUL, AXIS BANK and MARUTI was strongly added in the market.HUL also reached a new peak,its become the third largest company by m-cap.while  IT stocks fall in that major WIPRO rallied 4% today.
TOP GAINERS-CIPLA,NTPC,VEDL,MARUTI,GAIL
TOP LOSERS-TITAN,ITC ,INFY,TCS,RELIANCE


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