Equity benchmarks retained its uptrend for the second consecutive session Tuesday(21st Feb. 2017), especially led by banks post Axis Bank merger talks and Reliance Industries after Reliance Jio tariff plans.
NSE Nifty closed at 8907.85 levels, up by 28.65 points or 0.32%, while BSE Sensex closed at 28761.59 levels, up by 100.01 points or 0.35%.
Nifty has managed to clock 1000 points gains since December 26, 2016. Nifty managed to close at 8900 levels in today’s trade for the first time since September 8, 2016.
Axis Bank was the top Nifty gainer; whereas Bharti Infratel was the top Nifty loser on Tuesday. Axis Bank closed at Rs 506.75 per share, up by 5.34%. Bharti Infratel closed at Rs 295.60 per share, down by 4.26%.
Broader markets outperformed the major indices in Tuesday’s(21st Feb. 2017) trading session. BSE Mid-cap index closed at 13585.33 levels, up by 70.84 points or 0.52%; while BSE Small-cap index closed at 13651.91 levels, up by 62.28 points or 0.46%.
BSE Mid-cap index touched record high of 13601.42 levels, up by 86.93 points or 0.64%. Jindal Steel & Power Limited was the top gainer in the Mid-cap index, and closed at Rs 109.50 per share, up by Rs 9.30 per share or 9.28%.
Nifty Bank Index closed at record high of 20860.95 levels, up by 183 points or 0.89%.
Bank of Maharashtra from the bunch of small-cap index stocks surged in the closing hours on Tuesday, to close at Rs 37.25 per share, up by Rs 4.70 per share or 14.44%.
Telecom companies traded under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.
Raymond Limited closed at Rs 570.35 per share, up by Rs 67.45 per share or 13.41%.
Man Industries (India) Ltd., closed at Rs 51.35 per share, up by Rs 5.65 per share or 12.36%.
Ujaas Energy Limited closed at Rs 36.55 per share, down by Rs 4.95 per share or 11.93%.
Bharti Airtel closed at Rs 360.55 per share, down by Rs 15.10 per share or 4.02%.
There were 908 advances, 699 declines and 305 unchanged stocks on NSE, reflecting a strong positive bias floating in the market. 71 stocks touched their fresh 52-week highs; whereas 12 stocks touched their fresh 52-week lows on NSE in Tuesday’s trading session.
Top 5 Nifty Gainers: Axis Bank (5.34%), Aurobindo Pharma Ltd. (2.24%), Tech Mahindra Ltd. (1.67%), Asian Paints (1.58%), and HDFC (1.41%).
Top 5 Nifty Losers: Bharti Infratel Ltd. (-4.26%), Bharti Airtel Ltd. (-3.86%), Tata Power Company Ltd. (-1.64%), TCS (-1.63%) and ITC (-1.18%)
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