Thursday 5 February 2015

Nifty Crosses 8750, Sensex Around 29000 - Ways2Capital

Posted by Ways2Capital on Thursday, February 05, 2015 with No comments

Despite weak global cues markets are trading in green. Sensex and Nifty are trading with nearly 0.5 percent growth. In this era of rapid Nifty has risen above 8750, the Sensex seems close to 29000.

Buying in th IT, technology, FMCG and banking stocks there is strength in the market. However Realty, Power, Consumer Durables, metal, oil & gas and pharma stocks selling dominates. Midcap and smallcap stocks, although there is little shopping.

The BSE 30-share index Sensex 115 points with gain of 0.4 percent is trading at 28997. While the 50-share index NSE Nifty 29 points with 0.3 percent growth is trading at 8753 levels.

During the market BPCL, HCL Tech, Wipro, Axis Bank, HDFC, HUL and Infosys like giant shares have gained from 3.3 to 1.6 percent. However, Tata Power, ONGC, Cairn India, Bank of Baroda, M & M, GAIL and ICICI Bank like giant shares fell 3.5 to 1.4 percent.

In mid-cap stocks Eros International, Pipavav Defence, jubilant Life, City Union Bank and Raymond gained the most from 13 to 7.5 percent. Smallcap stocks Ramco Systems, Dishman Pharma, TTK Health, BS Ltd. and JB Chemicals rose the most from 20 to 6 percent.

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