Finance Update Uncategorized

DAILY MARKET INSIGHTS – 21th Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

This slideshow requires JavaScript.

Indian Indexes

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

21Top Gainer Losers.jpg

21Currency.jpg

Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

Leave a Reply