Finance Update Uncategorized

DAILY MARKET INSIGHTS – 25th Feb 2019

After market update – Strong start to the week, Nifty near 10900

TFM Watch

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Indian Indexes

The benchmark indices resumed rally on positive global cues amid sharp gains in Infosys, TCS, HDFC Bank, ICICI Bank and ITC. The Sensex rose by 0.95% or 341.90 points at 36213.38. The Nifty surged by 0.82% or 88.45 points at 10880.10.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were top gainers on the Nifty, while Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment were amongst the top losers.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

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25Top Gainer Losers

25Currency

Stocks in the news

1. Shilpa Medicare received USFDA nod for Gemcitabine Injection, used to treat cancer.

2. GST rates on under-construction houses cut to 5% from 12%.

3. Tata Elxsi collaborates with Portuguese company, NOS for digital operations solutions.

 

Buzzing stocks on BSE

1. JBM Auto rose by 2.66% to Rs.270 after company acquired major shareholding in Linde-Wiemann.

2. Adani Ports and Special Economic Zone declined by 8.26% to Rs. 324.85, after Adani Logistics, a unit of Adani Ports and SEZ announced that it would acquire Adani Agri Logistics from Adani Enterprises in an all-cash deal.

Global Signals

Asian stock markets ended with gains while the European stocks traded higher on February 25 on optimism after US President Donald Trump announced an extension to tariff hikes on Chinese imports due on March 1.

 

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