@ALLIESFIN
VOLATILe SESSIOn, FLAt CLOSe...!!!
Indian equity benchmarks ended the volatile day of trade marginally in red on Wednesday, with frontline gauges swinging
between red and green terrain throughout the session. In the morning trade, key indices traded on optimistic note, boosted by lower crude oil prices and firm rupee. In early afternoon trade, markets shrugged off their losses and resumed their upward trajectory, as sentiments turned optimistic with Prime Minister Narendra Modi stating that financial inclusion has become a
reality for 1.3 billion Indians as he pitched India as a favorite investment destination at the Fintech Festival. However, markets were unable to hold on to the gains for long as some anxiety remained among the investors with data indicating that Inflation based on wholesale prices rose to over 4-month high of 5.28 percent in October on rising prices of crude, natural gas, fuel and power although food prices have softened.
T.ME/ALLIESFIN
BSE Sector: Gainers: OIl & Gas, FMCG, Telecom, Finance, Energy, Bankex, Power, Basic Materials, Utilities, CDGS
Losers: IT, Teck, Healthcare, Realty, Metal, Industrials, Auto, Capital Goods, Consumer Durables
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BEATINg tHe STREEt (Nifty): Gainers were HPCL, BPCL, UPL, Maruti Suzuki, ONGC, IOC, Asian Paints, HUL, UltraTechCement, SBI, IndusIndBk.
ExPECTATIOn BELIEd (Nifty): Losers were Sun Pharma, Tech Mah, GAL, HCL TEch, Kotak Mahinda, TCS, M&M, JSW Stel, Infosys, Cipla, TataMot.
T.ME/ALLIESFIN
By: via @AlliesFin Serve T.ME/ALLiESFiN
