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
TOP LOSERS-SUNPHARMA,BHARTIARTL,TCS,HCLTCH