Sensex gains 278 pts, Nifty ends tad below 7500; Lupin up 9
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![Sensex gains 278 pts, Nifty ends tad below 7500; Lupin up 9%
Today’s Market flow
At the start of the market Nifty open 5 points higher than of previous close and gradually flow
with the upward trend and till 11 am market gain 70 points and made high of 7484.65 and then
follow sideways movement till 2.30 pm and at the last hour of the market day nifty find some
buzz and started gaining and made a new high of 7503.15 and close at 7489.10 with gain of
85.10 points.
Open Close Fluctuation
Sensex 24360.36 24616.97 +278.54
Nifty 7418.25 7489.10 +85.10
Banks have been among the worst performers during the recent stock market downturn, as the
commodity rout turned a large part of industrial companies' debt into bad loans. But they are
now available at rock-bottom valuations and with the government set to introduce the
Insolvency and Bankruptcy Code, it will serve a major boost for stocks. "The market is saying that
were will be more [trouble] to come. But I think the bankcruptcy code will change sentiment,"
Dipen sheth said.
Stocks that shown positive signs
Here are some stock which end up in the gaining side some of them are VEDANTA, LUPIN,PNB,
AXIS BANK AND HINDALCO.
Shares that shown Negative signs
There are many stock which are at the losing side in which BOSCH show major downfall which is
followed by GAIL,ADANI PORTS,MARUTI SUZUKI and POWER GRID CORP
Today’s News
News Point-1
Quick Heal IPO to hit market on Feb 8; price band at Rs 311-321
News Point-2
Banks, RBI, square off over cash shortages](https://image.slidesharecdn.com/stockmarketeveningreport-160205104727/85/Stock-market-evening-report-1-320.jpg)
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Sensex gains 278 pts, Nifty ends tad below 7500; Lupin up 9
- 1. Sensex gains 278 pts, Nifty ends tad below 7500; Lupin up 9% Today’s Market flow At the start of the market Nifty open 5 points higher than of previous close and gradually flow with the upward trend and till 11 am market gain 70 points and made high of 7484.65 and then follow sideways movement till 2.30 pm and at the last hour of the market day nifty find some buzz and started gaining and made a new high of 7503.15 and close at 7489.10 with gain of 85.10 points. Open Close Fluctuation Sensex 24360.36 24616.97 +278.54 Nifty 7418.25 7489.10 +85.10 Banks have been among the worst performers during the recent stock market downturn, as the commodity rout turned a large part of industrial companies' debt into bad loans. But they are now available at rock-bottom valuations and with the government set to introduce the Insolvency and Bankruptcy Code, it will serve a major boost for stocks. "The market is saying that were will be more [trouble] to come. But I think the bankcruptcy code will change sentiment," Dipen sheth said. Stocks that shown positive signs Here are some stock which end up in the gaining side some of them are VEDANTA, LUPIN,PNB, AXIS BANK AND HINDALCO. Shares that shown Negative signs There are many stock which are at the losing side in which BOSCH show major downfall which is followed by GAIL,ADANI PORTS,MARUTI SUZUKI and POWER GRID CORP Today’s News News Point-1 Quick Heal IPO to hit market on Feb 8; price band at Rs 311-321 News Point-2 Banks, RBI, square off over cash shortages
- 2. Forecasting for Tomorrow market Market is likely to be open in green as on charts nifty looks positive for the next week and also nifty had break resistance of 7450 but we can still expect sideways movement from the market . Nifty has resistance of 7575 and 7600 and will take support of 7440 and 7400. To know more about Nifty trends for tomorrow you can subscribe to our services. To Subscribe kindly visit www.bourseindia.com or Give a missed call on: 8871004488