Benchmark
indices shed early gains to end on a flat note with bank shares
leading the decline as caution prevailed ahead of the expiry of
February derivative contracts while concerns over Railway Budget and
Union Budget kept risk-appetite subdued. The 30- share Sensex and the
50-share Nifty ended flat at the mark of 29,008 and 8,767
respectively. sectoral indices of BSE ended in green. BSE IT index,
up 0.4% was the top gainer followed by BSE FMCG, Oil & Gas and
Realty indices gaining around 0.3% each. BSE Healthcare index, down
1% was the top loser followed by BSE Capital Goods index, and Bankex
down 0.7% each. Bank stocks led the losses in today’s session
though housing finance major, HDFC gained around 3%. HDFC Bank, ended
down 1.6%, ICICI Bank, down 0.7% and SBI and Axis Bank lost 0.3%
each. Pharma stocks ended mixed with Sun Pharma and Dr Reddys Lab
losing around 2% each while Cipla gained around.
Stock Recommendations
@ Buy Munjal Showa
Above 220 Targets -222,224,226 SL-216.
@ Sell Patel Eng
Below 90 Targets -89.1,88.2,87.3 SL-91.8.
@ Sell Astec Below
108 Targets-107,106,105 SL-110.
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