Market Positive On GDP Numbers
Mar 01, 2017 | 18:00 PM IST
Mar 01, 2017 | 18:00 PM IST
Share Market News 1st March, 2017:
The stock market was on a positive run, Sensex closed on 6-month high price.
The Sensex gained 241.17 points to 28984.49
Nifty gained 66.2 points to 8945.8
Tata Steel gained 3.59% to 500.05
Top Gainers:
Hindalco by 3.15% to 190.15, Kotak Bank by 2.72% to 823.95, M&M by 2.59% to 1346.2, Sun Pharma by 2.4% to 695.3.
Top Losers:
Idea Cellular lost 2.72% to 112.7. Eicher Motors by 1.87% to 23679.0, NTPC by 1.75% to 160.1, BPCL by 1.59% to 659.4, Tata Motors by 1.59% to 449.5.
The broader markets under-performed benchmarks, with the Nifty Midcap rising over 0.3% as the gap between advances and declines narrowed. About 1630 shares gained against 1220 declining shares on the BSE. Meanwhile, the Indian economy grew at a surprisingly fast 7% in October-December 2016 (against 7.4% in the previous quarter and 7.2% expansion in third quarter 2015-16) despite demonetisation.
Factory activity in February expanded for the second straight month with the Nikkei Manufacturing Purchasing Managers' Index rising to 50.7 in February from 50.4 in January.
Auto sales data for the month of February was mixed. Mahindra & Mahindra rallied 3% after reporting 18% growth year-on-year in commercial vehicle sales and 11% growth in tractor sales but fall in passenger vehicle sales dragged total auto sales 2.9%.
Stocks to watch - Kwality Ltd is on up side while Idea Cellular is on down side.
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