Tuesday, 27 March 2018

Market Update: Midcap index outperforms led by SAIL, Biocon; Axis Bank, Tata Steel up 2%, solid listing for Bandhan Bank

The market breadth was in favour of the advances with 1379 stocks advancing while 255 declined and 379 remained unchanged. On the other hand, in the BSE, 1604 stocks advanced and 320 declined and 69 remained unchanged.

 http://www.bigprofitbuzz.com/free-trial/The Indian equity market were on a  strong footing on Tuesday morning with the Nifty jumping 63 points at 10,193 mark while the Sensex spiked up 239 points or 0.72 percent.

The Nifty midcap index was up 1.5 percent led by Biocon, GMR Infra, IFCI, IDBI Bank, Just Dial, PFC, Steel Authority of India and Voltas.

The Nifty metal index was also up 1.5 percent aided by stocks including names like Jindal Steel and Power, Tata Steel, Hindalco Industries, Hindustan Copper, Vedanta, SAIL and JSW Steel among others. NIFTY STOCK FREE TRAILS TIPS

The top Nifty gainers included Axis Bank which jumped 2.6 percent followed by Tata Steel and Vedanta which added over 2 percent each. Wipro and Indisbulls Housing Finance were the other gainers

The most active Nifty stocks included Bandhan Bank which got llisted today and zoomed 33 percent in the morning trade. ICICI Bank, State Bank of India, Tata Steel and Jubilant Foodworks were the other active stocks.

The top BSE gainers included IFCI which jumped 6.7 percent followed by Corporation Bank which was up 6 percent while Rattan India and Bombay Burmah were the other top gainers.

Bharat Financial Inclusion and Jubilant Foodworks were two of the few Nifty stocks which hit fresh 52-week high in today's trade.

65 stocks hit new 52-week low including names like Gitanjali Gems and Global Offshore among others.

The market breadth was in favour of the advances with 1379 stocks advancing while 255 declined and 379 remained unchanged. On the other hand, in the BSE, 1604 stocks advanced and 320 declined and 69 remained unchanged.
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