Market Gained With Large Cap Support
Jan 05, 2017 | 18:18 PM IST
Jan 05, 2017 | 18:18 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
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