Tuesday, 7 February 2017

Nifty tests 8750; Capital Goods stocks outperform

Nifty was trading in negative territory for whole day and closed in red at 8768.30 levels, down by 32.75 points or 0.37%. Sensex closed at 28335.16 levels, down by 104.12 points or 0.37%.
 

Heavy electrical equipment manufacturer, Bharat Heavy Electricals Ltd., has surged to Rs 154.9 per share, up by Rs 10.9 per share or 7.56% after announcement of its standalone financial results for the quarter ended on December 31, 2016. The stock witnessed an upward movement in closing hours of Tuesday’s trading session. BHEL secured the top position in the bunch of Nifty 50 stocks.
 
Larsen & Toubro Ltd., is the top gainer in the Sensex, closing at Rs 1502 per share, up by Rs 17.05 per share or 1.15%.
 
Auto stocks like Bajaj-Auto, Tata Motors, Hero MotoCorp and M&M remained weak throughout the day, eventually dragging the Sensex down.
 
Nifty Bank closed at 20327.25 levels, down by 44.35 points or 0.22%. Bank stocks remained calm with some positive bias ahead of RBI’s monetary policy.
 
Tata Motors Ltd., closed at Rs 507.15 per share, down by 3.46%.
 
BSE IT closed in green along with BSE Consumer Durables and BSE Capital Goods. Firstsource Solutions Ltd., was the top gainer in the BSE IT index. The stock closed at Rs 43.4 per share, up by Rs 3.85 per share or 9.73%.
 
BSE Metal and BSE Realty closed in red showing weakness.
 

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