Nifty holds crucial level of 8800; HDFC Bank was the star performer

India Infoline News Service | Mumbai | February 17, 2017 15:47 IST

Nifty closed at 8821.70 levels, up by 43.70 points or 0.50%; while Sensex closed at 28468.75 levels, up by 167.48 points or 0.59%.

Nifty closed at 8821.70 levels, up by 43.70 points or 0.50%; while Sensex closed at 28468.75 levels, up by 167.48 points or 0.59%.
 
There were 866 advances, 757 declines and 292 unchanged stocks on NSE, reflecting the strong positive sentiments floating in the market.
 
HDFC Bank Limited was the top performer in the morning hours on Friday. The stock opened at Rs 1445 per share, up by Rs 117.1 per share or 8.81%. It touched a high of Rs 1454 per share, up by Rs 126.10 per share or 9.49%.  However, the stock managed to close at Rs 1375 per share, up by Rs 47.10 per share or 3.55%.
 
HDFC Bank Limited pushed the Bank Nifty up to an all-time high of 21042.35 levels, gaining 798.65 points or 3.94%.
 
Axis Bank bucked the trend in banking space, and closed down by 0.81%. SBI, PNB and BoB closed in negative territory, down in the range of 0.60% to 0.80%.
 
ICICI Bank closed up by 1.70%. IndusInd Bank closed up by 1.16%.
 
Nifty Pharma index was the top gainer among the sectoral indices. The index closed at 10605.95 levels, up by 198.20 points or 1.9%.
 
Zydus has received final approval from the USFDA for Fluconazole Tablets USP and Clobetasol Propionate Spray. The stock touched its fresh 52 week high of Rs 460.75 per share, up by Rs 31.25 per share or 7.27%.
 
BSE Metal index closed in red, down by 0.67%. BSE IT index closed down by 1.10%. BSE Telecom index closed down by 0.33%. BSE Auto Index closed down by 0.20%.
 
Broader markets closed in positive territory. BSE Mid-cap index closed at 13422.89 levels, up by 70.30 points or 0.53%. BSE Small-cap index closed at 13467.64 levels, up by 53.69 points or 0.40%.
 
Movers and Shakers of the day:
 
IFB Industries Ltd., closed at Rs 640 per share, up by Rs 88.25 per share or 15.99%.
 
HBL Power Systems Ltd., closed at Rs 44.25 per share, up by Rs 5.05 per share or 12.88%.
 
Reliance Capital Ltd., closed at Rs 516.60 per share, up by Rs 27.10 per share or 5.54%.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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