Fresh Buying Lift Sentiments

Feb 17, 2017 | 06:16 PM IST

Market Walk 17th February, 2017:

Private banking and financial as well as pharma stocks supported market with fresh buying. The Sensex gained 167.48 points to 28468.75 Nifty lost 43.7 points to 8821.7 HDFC gained 6.94% to 1420.0

Top Gainers: Sun Pharma by 2.26% to 663.95 BPCL by 2.01% to 682.85 HDFC by 1.75% to 1418.0 IndusInd Bank by 1.55% to 1340.0.

Top Losers: Infratel lost 3.13% to 309.25 Hindalco by 2.08% to 183.85 Idea Cellular by 1.95% to 105.75 Eicher Motors by 1.51% to 24950.0 TCS by 1.33% to 2415.0.

Shares of HDFC Bank, the country's second largest private sector lender that has more than 8 percent weight-age in Nifty 50, ended at record high of Rs.1,377.15. It rallied 10 percent to hit an intraday all-time high of Rs.1,450 on major buying after RBI lifted the ban on FIIs investment but lost 5 percent from day's high to finish with 3.75 percent gains as the Reserve Bank put it back in FIIs ban list after foreign shareholding crossed overall limit of 74 percent during the day. HDFC rose 0.6 percent.

Stocks To Watch: HDFC is on up side while Infratel is on down side.

 

ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to pave a smooth road for our clients in the shaky world of stock market. While...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Europe Election Zoomed India Market

Stock market news-24 April 2017 The market witnessed last hour selling and ended on the negative side. Sensex gained 290.54 points to
Read More>>

Market Cautious On Global Cues

Stock market news-21 April 2017 The market witnessed last hour selling and ended on the negative side. Sensex lost 57.09 points to 29365.3 Nifty lost 17 points to
Read More>>

Free Research Report - Indiabulls Real Estate

Indiabulls Real Estate (IBREL) is India’s third largest property company. IBREL, the de-merged real estate arm of Indiabulls Financial Services (IBFSL), listed on the Bombay Stock
Read More>>

Yes Bank Reports Profit; NPA Spoils The Show

Market This Week The market this week was too volatile compared to last week, but the primary trend was up. Domestic uncertainties were due to global worries like uncertain
Read More>>

What Works For Rakesh Jhunjhunwala May Not Work For You

Let's start with a pressing question - Why only a few investors make a profit in stock investment? The answer to this question is not as simple as it seems. To understand this issue we will have to do a micro-analysis of Indian investors and their
Read More>>