The market breadth was balanced today(17th February 2017).
Stock markets in India continued to trade on a positive note in the afternoon session and finished firm for fourth consecutive session. At the closing bell, the BSE Sensex stood higher by 167 points, while the NSE Nifty finished up by 44 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 0.5% and 0.4% respectively. Gains were largely seen in pharma stocks, oil & gas stocks and bank stocks.
NSE Nifty closed at 8821.70 levels, up by 43.70 points or 0.50%;, while BSE Sensex closed at 28468.75 levels, up by 167.48 points or 0.59%.
Asian stock markets finished lower today with shares in China leading the region. The Shanghai Composite is down 0.85% while Japan’s Nikkei 225 is off 0.58% and Hong Kong’s Hang Seng is lower by 0.31%. European markets are lower today with shares in France off the most. The CAC 40 is down 0.85% while Germany’s DAX is off 0.35% and London’s FTSE 100 is lower by 0.24%.
HDFC Bank Limited was the top performer in the morning hours on Friday. The stock opened at Rs 1445 per share, up by Rs 117.1 per share or 8.81%. It touched a high of Rs 1454 per share, up by Rs 126.10 per share or 9.49%. However, the stock managed to close at Rs 1375 per share, up by Rs 47.10 per share or 3.55%.
HDFC Bank Limited pushed the Bank Nifty up to an all-time high of 21042.35 levels, gaining 798.65 points or 3.94%.
Axis Bank bucked the trend in banking space, and closed down by 0.81%. SBI, PNB and BoB closed in negative territory, down in the range of 0.60% to 0.80%.
ICICI Bank closed up by 1.70%. IndusInd Bank closed up by 1.16%.
Nifty Pharma index was the top gainer among the sectoral indices. The index closed at 10605.95 levels, up by 198.20 points or 1.9%.
Zydus has received final approval from the USFDA for Fluconazole Tablets USP and Clobetasol Propionate Spray. The stock touched its fresh 52 week high of Rs 460.75 per share, up by Rs 31.25 per share or 7.27%.
BSE Metal index closed in red, down by 0.67%. BSE IT index closed down by 1.10%. BSE Telecom index closed down by 0.33%. BSE Auto Index closed down by 0.20%.
Broader markets closed in positive territory. BSE Mid-cap index closed at 13422.89 levels, up by 70.30 points or 0.53%. BSE Small-cap index closed at 13467.64 levels, up by 53.69 points or 0.40%.
IFB Industries Ltd., closed at Rs 640 per share, up by Rs 88.25 per share or 15.99%.
HBL Power Systems Ltd., closed at Rs 44.25 per share, up by Rs 5.05 per share or 12.88%.
Reliance Capital Ltd., closed at Rs 516.60 per share, up by Rs 27.10 per share or 5.54%.
There were 866 advances, 757 declines and 292 unchanged stocks on NSE, reflecting the strong positive sentiments floating in the market.
The rupee was trading at 67.01 per US dollar.
Top 5 Nifty Gainers: Sun Pharma (3.67%), HDFC Bank (3.55%), ICICI Bank (2.08%), GAIL (1.98%), and CIPLA (1.44%).
Top 5 Nifty Losers: Bharti Infratel Ltd (-3.68%),. Hindalco Industries Limited (-2.32%), IDEA (-1.81%), Wipro (-1.37%) and Eicher Motors Ltd. (-1.35%)
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