Midcaps Boost Investor's Sentiments

Feb 16, 2017 | 06:35 PM IST

Market Walk 16th February, 2016:

Rest half of the market triggered investors sentiments by initiating fresh buying. The Sensex gained 145.71 points to 28301.27 Nifty lost 53.3 points to 8778.0 Sun Pharma gained 4.27% to 649.65

Top Gainers: Aurobindo Pharma by 4.1% to 662.05, Infosys by 3.08% to 1012.0, Maruti by 2.87% to 6030.75, Eicher Motor by 2.58% to 25390.0.

Top Losers: ITC lost 2.6% to 266.3. Infratel by 1.73% to 318.15, Asian Paints by 1.15% to 970.45, L&T by 1.01% to 1465.0, BPCL by 0.81% to 669.25.

Due to the positive vibes spread by USFDA, healthcare stocks were the biggest gainers. Led by Cadila Healthcare, the Nifty Pharma index jumped over 2.5%. The stock was locked at 20% upper circuit after the company announced that it hasn’t received any observations from USFDA for its formulation facility at Moraiya indicating successful resolution of the warning letter on the plant.

Bharat Forge shares hit a fresh 52-week high of Rs.1,072.80, up 5.35% intraday after signing agreement for joint venture company with Israel Aerospace Industries.

At the Aero-India exhibition held in Bengaluru, Israel Aerospace Industries (IAI) and Kalyani Strategic Systems (KSSL) - the defence arm of Kalyani Group signed a memorandum of understanding to incorporate a joint venture company within India.

Stocks to Watch: Llo0yd Electric and Engineering Ltd 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

Market Accelerates But Pharma Woes Continue

Share Market News 29th May 2017 Today’s market opened negative due to profit booking, however it recovered later. Huge selling in Pharma and IT sector kept the market in range
Read More>>

Bulls Ruled the Market, Sensex Rested Above 31000!

Share Market News – 26 May 2017 Today's market opened positive due to huge buying in metal sector. Furthermore, the positive news from global markets, as well as domestic
Read More>>

GST Rolls Out The Red Carpet For Your Investment

Market This Week The week started on a positive note as the final GST announcement gave tax slabs from 5% to 28% for all the goods and services segments. However, India-Pak
Read More>>

5 Investment Trends You Must Avoid

Who is an intelligent investor? Is intelligent investor the one who never takes a bad decision? No, the intelligent investor is the one whose good decisions outnumber bad decisions. Hence, to become an intelligent investor all you need to do is to
Read More>>

Bulls Roared, 30750! Conquered

Share Market News – 25 May 2017 Today’s market opened positive due to huge buying in the banking stocks ahead of RBI regulations about NPA and positive news from the global
Read More>>