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.

 

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