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Today All sectoral ended the
day in green.Realty stocks climbed 3.94
%, followed by Media stocks that rose 3.27% & IT &Metal, Pharma also
closed with decent gains.
On Wednesday IT stocks continued to be in demand , driven by a couple of big
deal wins, along with buying in auto, metal and pharma that extended the rally
in benchmark indices to the second straight day.Among blue chip names, Wipro
was the biggest gainer that climbed 5 %. Today Cipla, Tata Steel, Tata Motors,
HUL, Infosys, M&M, indusind Bank, Hindalco and SBI were other major gainers
while Hero motocorp was the top loser down 0.95% & Divi’s Laboratories,
Titan Company, NTPC, Power Grid, GAIL, Coal India and ultratech Cement were
other top losers.
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After a volatile day bulls
seem to be having the last laugh as the benchmark equity indices staged a smart
recovery on Tuesday. Low-level buying ensued, especially after the European
markets opened higher.
The two sectors that have performed exceptionally
are Healthcare stocks which are up 60% & IT stocks which is up 50%. Hence,
most of the stocks that fall under these two sectors have outperformed
massively. The basket of Pharmaceutical stocks under coverage is expected to
report healthy earnings growth of 32% in FY21 followed by 19% CAGR for the next
two years. IT services companies are witnessing strong deal traction post the
pandemic which is providing strong earnings visibility for next two years.
Divis Laboratories, Aurobindo Pharma, Cadila Healthcare, Dr Reddys
Laboratories, Cipla, Infosys, HCL Technologies, Wipro, Asian Paints, Avenue
Supermarts, UPL, Havells India, Mahindra and Mahindra, JSW Steel, Tata Steel,
Sun Pharmaceutical Industries, Reliance Industries and Tata Consultancy
Services were biggest gainers in the Largecap stocks rising 30-107 % during
2020.However, Punjab National Bank, indusind Bank, Bank Of Baroda, General
Insurance Corporation of India, Coal India, Indian Oil Corporation, ONGC, BPCL,
Bandhan Bank, Axis Bank, State Bank of India, HPCL, Bosch, NTPC, SBI Life
Insurance Company, HDFC Asset Management Company and NMDC were top losers,
falling 10-43% in 2020.While IT and Pharma companies have seen a sharp revival
in their fortune, PSU banks, energy companies and some of the highly valued
stocks have still to make a new high.
TOP GAINERS-ADANIPORTS, HCLTECH,
TECHM, INFY,GAIL
TOP LOSERS-KOTAKBANK,HDFC,RELIANCE,BAJFINANACE
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Today market witnessed a sharp selloff in
afternoon trade ,with most sectors reeling
under strong pressure. Today sensex at
45553 down 1407 points & nifty
settled at 13328 down 432 points. Among the sectors, nifty psu bank cracked
around 7%, while media fell over 6%. Auto, bank and metal indices fell up to 5
%. Today Reliance stocks fell 3 % to Rs 1934 level in Monday's trade. As a
result, its m-cap fell roughly to Rs 12.26 lakh crore intraday from Rs 13.47
lakh crore in the previous day. Tata Power fell 10.70 % to Rs 68 Canara Bank
declined 10.35 % to Rs 109.10. Federal Bank fell 9.65 % to Rs 59.95. RBL Bank
was down 9.69 % to Rs 205. GMR Infra, BHEL, AU Small Finance Bank and ABFRL
declined 8-10 %.The entire Metals basket was quoting in the red. The Nalco
falling the most 10 % It was followed by Vedanta (down 8.55 %), Jindal
Steel down 7.50 %, Hindalco down 7.32 %
and Coal India down 5.82 %.
If the market stays above 13700, then it should be head to 14,000. Strong
support lies at the 13500-13600 levels and as long as that holds, the trend of
the index remains bullish and traders can utilize any dip to accumulate long
positions.
On November 19 market closed down on the back of
profit booking seen in the IT and Financial.At close the Sensex was down 580
points at 43599, and Nifty was down 166
points at 12771.SBI, Coal India, Axis Bank, ICICI Bank and JSW Steel were among
major losers today while gainers were Power Grid Corporation, ITC, NTPC, Tata
Steel and Titan Company.Banknifty also shed nearly 3 %, while Infra and IT
stocks fell 1% each. However Energy
ended in the green.
TOP
GAINERS-POWERGRID,ITC,TATASTEEL,TITAN,TCS
TOP
LOSERS-SBIN,AXISBANK,JSWSTEEL,HDFCBANK
This weekend India prepares to celebrate its Diwali festival.In stock sector including cement, housing, software, healthcare, telecommunications and financials are among top picks as business activity in the nation picks up pace after the world’s largest lockdown. India’s factory output turned positive for the first time in seven months in September. Sensex climbed to a record this week as foreign purchases of local stocks surged.
