Market Gained With Large Cap Support

Jan 05, 2017 | 06:18 PM IST

GST Impact

Market Walk 5th January, 2016:

Market followed one way and ended on day high side with positive sentiments. Sensex gained 245.11 points to 226878.24 Nifty surged 83.3 points to 8273.8 Tata Motors DVR gained 4.09% to 322.95

Among the top gainers; Adani Ports by 4.00% to 285.9, Yes Bank by 3.98% to 1209.45, Tata Steel by 3.35% to 419.05, Tata Motors by 3.15% to 502.0.

Among the top losers; Tech M lost 2.63% to 487.45. TCS by 1.91% to 2334.0, HCL Tech by 1.45% to 844.55, Grasim by 0.73% to 860.70, Infratel by 0.62% to 350.15.

Tata Motors was up 3 percent riding high on Jaguar Land Rover sales in North America. JLR reported 30 percent growth in December sales after 19 percent YoY growth of the previous month. The growth was again driven by Jaguar sales, up 259 percent YoY, while Land Rover sales were down 2 percent YoY. The midcaps continued their good run and closed 1.3 percent higher. The banks finally contributed to index gains with ICICI Bank being the top contributor.

IT stocks slipped today and ended almost one percent in the red. TCS, Infosys, HCL Tech fell 1-2 percent intraday on visa woes as H1-B visa has been re-introduced in the US Congress by two lawmakers. A bill backing key changes in the H1-B programme that allows skilled workers from countries like India to fill high-tech jobs in the US has been re-introduced in the US Congress by two lawmakers who claim that it will help crack down on the work visa abuse.

Stocks to Watch: DHFL is on up side while Infratel is on down side.

Click here @ Share Market News for 4th Jan'2017

 

ABOUT AUTHOR

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

LEAVE A COMMENT

RECOMMENDED READING

Market Falls For 3rd Consecutive Day; Nifty Bank Down

Share Market News – 20-February-2018 The Benchmark indices opened flat on Tuesday as Sensex was up by 50 points while Nifty above 10,400 levels ahead of the expiry of Feb F&O contracts later this week. Benchmark Indices
Read More>>

PSU Banks, Metal Stocks Drag The Market Down; Sensex & Nifty In Red

Share Market News – 19-February-2018 The market started off the week on a negative note on Monday as Sensex was down by 115 points and Nifty fell 45 points due to additional correction in PSU banks. Benchmark indices
Read More>>

Stop! Read Before You Invest In These Trending Stock Market Tips

Various popular stock market news portals and TV channels discuss trending stocks and provide free tips but without in-depth research. We create well-researched equity analysis on these trending stock tips in a single place so you don't waste your
Read More>>

Free Research Report- Uflex

UFLEX Limited is an India-based holding company engaged in the manufacture and sale of flexible packaging products and flexible packaging solutions. The Company's products include printed, laminated, metalized, co-extruded, coated, embossed, plain
Read More>>

PNB Scam Halts The Market Recovery

Market This Week The benchmark indices, as well as broader market, opened the week sharply higher on Monday as Sensex climbed over 320 points and Nifty climbed almost 100 points in a day while Nifty midcap and smallcap
Read More>>