Midcaps Boost Investor’s Sentiments

Midcaps Boost Investor’s Sentiments

GST Impact

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 hasnt 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.

 

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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 a pave a smooth road for our clients in the shaky world of stock market. While tracking the mood swings of the market we bring our clients the most rewarding deals.

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