Friday, February 17, 2017

Stock Market Recommendations & Update by ABR Venture

HDFC Bank lifts Sensex 400 pts, Nifty near 8900 in opening

Equity benchmarks started off last day of the week on a spectacular note, with the Senses rising more than 400 points supported by HDFC Bank.

The 30-share BSE Sensex was up 400.89 points or 1.42 percent at 28702.16 and the 50-share NSE Nifty rose 95.60 points or 1.09 percent to 8873.60. HDFC Bank surged 8.41 percent as RBI says restrictions placed on purchase of bank shares by foreign portfolio investors withdrawn immediately.

The rally also spilled over to HDFC that gained 2.63 percent. Axis Bank, Kotak Mahindra Bank and ICICI Bank surged 1-2 percent. GAIL and Lupin were other gainers.

Cadila Healthcare gained further, up 2.8 percent hitting a 52-week high. BHEL, Bharti Airtel, Wipro, Infosys, ITC and Reliance were losers.

The Indian rupee slipped in the early trade on Friday. It has opened lower by 5 paise at 67.12 per dollar versus previous close 67.07.

www.abrventure.com

0731-6507888

No comments:

Post a Comment