Sensex, Nifty open higher led by gains in IT stocks; HDFC slips


Equity tips:-




  • Domestic share indices started today's session on a marginally positive note, tracking a similar trend in most Asian markets and led by gains in shares of information technology, media and fast moving consumer goods companies.
  • However, gains were limited due to lack of significant triggers and as India's trade deficit in December widened to a three-year high. The broader action remained largely stock specific as investors react to Oct-Dec corporate earnings.
  • At 9:42 AM, the BSE Sensex was trading at 34,915, up 72 points, while the broader Nifty50 index was ruling at 10,755, up 14 points.
  • Information technology stocks were the strongest today, with the Nifty IT Index rising over 1%, led by surge in shares of Tech Mahindra, Wipro and Tata Consultancy Services.
  • Shares of Housing Development Finance Corp fell over 1% on profit booking after gaining more than 6% on Monday.
  • Shares of oil and gas companies were among the weakest as the Nifty Energy Index slipped 0.3%, with shares of Bharat Petroleum Corp, down 1.5%, being the worst hit on Nifty50.
  • The BSE Mid-cap and BSE Small-cap indices were down 0.17% and 0.04%, respectively.
  • Volatility index India VIX gained 1.06%.
  • HCL Tech (+2.9%), Tech Mahindra (+2.5%), Wipro (+2.1%), TCS (+1.7%) and Infosys (+1.5%) were the top gainers on Nifty50.
  • BPCL (-1.6%), HDFC (-1.5%), IOC (-0.99%), Asian Paints (-0.9%) and RIL (-0.79%) were the top losers in today’s trade.
  • Out of 2,008 stocks traded on the NSE, 691 advanced, 867 declined and 450 remained unchanged today.
  • A total of 70 stocks registered a fresh 52-week high in trade today, while one stock touched a new 52-week low on the NSE.
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Comments

  1. Mahima16 January 2018 at 01:13

    HNI OPTION CALL: BUY #IDFC 65 PUT ABOVE 4.00 TARGETS 4.35 / 5.20/ 6.75 STOPLOSS 3.60

    HNI OPTION UPDATE: IDFC 65 PUT #SECOND TARGETS (5.20) HAS ALMOST ACHIEVED BOOK MORE PROFIT CMP 5.10

    Highlight Investment Research

    ReplyDelete
  2. Rudra Investment23 January 2018 at 22:40

    Nifty Tips

    ReplyDelete

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