Equity Tips

header ads

Nifty hovers around 11,750 mark; IT stocks under pressure

Infratel, Tata Motors, and ONGC are among top the gainers, while HCL Tech, TCS, and Infosys are among the top losers on the NSE.

Equity benchmark indices opened on a flat note in the early trade on Friday following subdued Asian peers. However, the stock market gained later on rally seen in HDFC twins, Reliance Industries, ICICI Bank, and Kotak Mahindra Bank. TCS, Infosys, and HCL Tech were among the top losers on the Sensex.

On the sectoral front, except IT and FMCG, all other indices are trading in green.

The Sensex rose 123 points at 39,105 and the Nifty50 was up 28 points at 11,754. The market breadth was positive on the NSE with 920 shares advancing, 589 shares declining, and 574 remaining unchanged.

Infratel, Tata Motors, and ONGC were among the top gainers. while HCL Tech, TCS, and Infosys were among the top losers on the NSE.

The Indian rupee fluctuated between gains and losses to trade little changed at 69.36 against the dollar.

In the broader market, the BSE MidCap index was trading 0.20% higher at 14,827, while the BSE SmallCap index was ruling at 14,635, up 0.29%.

The Volatility gauge, India VIX is marginally up 3.80% at 22.65.

The most active stocks on the NSE are Yes Bank, Tata Motors, RIL, and TCS.

Shares of Oil Marketing Companies (OMCs) gained on Friday as benchmark for international crude oil prices i.e. Brent Oil, extended its losses and reclaimed $70/bbl levels. Accordingly, shares of Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) rose 2% each, while those of Indian Oil Corporation gained 1%.

Shares of Yes Bank rose 1% after RBI granted approval for the extension of tenure of Brahm Dutt as part-time Chairman of the Bank till January 10, 2022.

Get more details here:
  Intraday stock tipsFinancial Advisory Company ,Derivative Free Trial,Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.  

Post a Comment