Market Gained With Large Cap Support

Jan 05, 2017 | 06:18 PM IST

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 Flat Due To Profit Booking In Banks; Nifty Above 9900

Share Market News – 17 August 2017 Today's market opened positive on yesterday's rally continuation but market closed flat as profit booking was seen in banks and auto sectors
Read More>>

Don't Worry! It's Just A Correction

Just a few weeks ago we were celebrating the new heights that the market was scaling. Nifty's journey from 8800 to 10,000 happened in just a matter of 6 months. However, since the second week of August, the market has started to take a downturn.
Read More>>

Market Rallied Amid Geopolitical Tension; Banks Gained

Share Market News – 16 August 2017. Today's market opened positive factoring to positive global cues but profit booking was seen in mid session of the market, however, a great
Read More>>

Small and Midcap Rallied Post WPI Data

Share Market News – 14 August 2017 A great recovery has seen in market after bearish run of last 4 trading session specially in Small cap, Midcap and Metals sector stocks.
Read More>>

SEBI's List Left The Market 'Shell' Shocked!

Market This Week The market is below 10,000, yes you a heard it right. There was huge selling seen in this week especially in mid cap and small cap companies because of SEBI
Read More>>