NIFTY PIGGYBACK ON STIMULUS ANNOUNCEMENT

The announcement of the government's economic package was welcomed by the market with an inter-opening. However, profit booking during the day was also seen at the upper levels and the Nifty climbed by about 150 points from today's highs. The Nifty Bank also slipped from the upper levels but closed with a gain of one and a half points. Talking about the Nifty gainer in the market boom, SBI, M & M, Axis Bank, Hero motocorp, HDFC Bank, Kotak Mah Bk, Shree Cement, Ultratech Cement, Bajaj Fin, L & T were moving with an edge. Banking, housing finance, infra, cement stocks were the brightest. ICICI BK, Axis BK, SBI increased by 5% and Indiabulls HSG Fin by 11%. Talking about sector specification, banks, auto, metal, realty and government companies are showing a fast trend. However, pharma shares saw a slight gain. Apart from Pharma and FMCG indices, all other sector indices were rising. The auto giant missed Maruti's fourth quarter results, which is why the stock closed weakly from upper levels. Kotak Mah Bank also presented its fourth quarter results today in which Kotak Mah Bank's profit fell 6.5% in the fourth quarter of FY 2020 as compared to the bank's good profit in the same quarter last year.

TOP GAINERS-ZEEL,AXISBK,LT,ICICIBK,SBIN,UPL
TOP LOSERS-SUNPHARMA,BHARTIARTL,TCS,HCLTCH