Tuesday, March 1, 2016
INDIAN EQUITY MARKET OUTLOOK- 2 Mar 2016
Sensex, Nifty up over 1.5%; Mid & Smallcap outperform, ITC down
Equity benchmarks continued to rally with the Sensex rising 408.51 points or 1.72 percent to 24187.86 and the Nifty climbing 120.30 points or 1.67 percent to 7342.60.
ICICI Bank and SBI were leading contributors to Sensex's gains, up 6-9 percent. Hindalco also gained 6 percent and BHEL was up 6.5 percent on order worth Rs 5,600 crore in Tamil Nadu.
HDFC, HDFC Bank, Axis Bank, Reliance Industries, L&T, Hero and Adani Ports were up 1-5 percent.
Mahindra & Mahindra slipped over 2 percent on profit taking. Wipro and TCS lost half a percent as rupee recovered sharply in three trading sessions.
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