Indian Market Rallied For The Second Day, Banks And Financial Services Zoomed
The Indian benchmark Index Nifty gained 0.50% in the last trading day. The Index closed at 10790 after making a high of 10809. The Small cap Index also rallied 63 points last day. The Index opened at 5762 and made a high of 5837 and finally closed at 5829.
Among the sectors, Financial Services, Banks and Chemicals were top performers. BF Investment gained 20%, Reliance Home Finance by 10%, Canfin Home by 7% were among the small cap stocks that gained in Financial services. In Mid cap space, Reliance Nippon gained 20%, Reliance Capital 6.9% and in Large Cap space, India Bulls Housing gained 6%, ICICI Prudential 4.10% and HDFC Standard Life 3.05%.
The banking shares also zoomed, especially the PSU Banks after the government on Wednesday decided to recapitalise 12 public sector banks with Rs 48,239 crore. Corporation Bank gained 19%, Uco bank 8%, United Bank 8%, IOB 7%, Central Bank 7% and Andhra bank 6%.
The US 10 Year T-Note is trading at 121.90. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.512.
Sector Performance as on 21th Feb
Small Cap Gainers as on 21th Feb
Large Cap Gainers and Losers as on 21th Feb
Mid cap Gainers and Losers as on 21th Feb
FII+PRO in combined have bought 159438 contracts in the last 2 trading day.
Cash Market Data
In last 10 days, DII has bought shares in cash segment worth Rs. 5292.32 Crore.
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1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision
2. Past performance is not an indicator of future returns.