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Monday, February 20, 2017

Equity Tips

Sensex, Nifty open flat with positive bias; Infosys gains

Equity benchmarks opened flat with a positive bias on Tuesday, with the Nifty inching towards 8900 level, led by technology, healthcare and metals stocks.

The 30-share BSE Sensex was up 34.26 points at 28695.84 and the 50-share NSE Nifty rose 13.05 points to 8892.25.

Infosys gained 1 percent on hopes of share buyback. Reliance Industries, Axis Bank, ONGC and Sun Pharma were other gainers while HDFC Bank fell 0.6 percent on profit booking.

Bharti Airtel, ITC, Maruti, Cipla and GAIL were other losers.

Ambuja Cements fell 2 percent after fourth quarter earnings. Profit grew by 59.9 percent on low base in year-ago period. Markets in Asia traded mostly higher, as traders searched for direction following a public holiday in the US on Monday.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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