Domestic And Global Cues Charging Market
Feb 20, 2017 | 18:36 PM IST
Feb 20, 2017 | 18:36 PM IST
Market Walk 20th February, 2017:
Expiry week started on a positive note focusing GST council's approval to law for compensation.
The Sensex gained 192.83 points to 28661.58
Nifty lost 57.5 points to 8879.2
TCS gained 4.03% to 2505.0
Top Gainers:
Tata Steel by 3.89% to 486.4, Infosys by 2.99% to 1030.0, Gail by 2.9% to 525.0, BPCL by 2.8% to 698.0.
Top Losers:
Axis Bank lost 1.88% to 479.9. Bosch Ltd by 0.95% to 21710.0, Tech Mahindra by 0.78% to 499.55, Yes Bank by 0.76% to 1430.0, Dr.Reddy by 0.75% to 2890.85.
GST Council's approval to law for compensation to states and positive global cues also supported the market that gained strength in afternoon trade after consolidation in morning. The broader markets smartly outperformed benchmarks, rising over a percent on positive breadth. The Nifty Midcap ended at record closing high. About two shares advanced for every share falling on the exchange. TCS shares rallied 4 percent after the IT major has announced buyback of up to 5.6 crore equity shares (representing 2.85 percent of total paid up equity capital) at Rs 2,850 apiece, aggregating up to Rs.16,000 crores. The rally also spilled over to other peers - Infosys was up 1.2 percent and HCL Technologies gained 0.5 percent.
TCS is on up side while Dr Reddy is on down side.
At Niveza India Pvt Ltd., we all come to work everyday to take the challenges of stock market head on and to change people's perception that stock market investment is like a gamble. Over the years, we have built our profile as a company which has brought optimum value to our subscribers through our well-researched stock recommendations.... More>>
Disclaimer: Niveza does not guarantee the accuracy or completeness of information on the site, nor does Niveza assume any liability for any loss that may result from reliance upon any such information or recommendations. Information and recommendations on the site are for general information only. Nothing contained herein is an offer to sell nor solicitation to buy any securities.