Tuesday, February 23, 2016

FEB-series current action-23-02-16

BNR- DAILY = MARKET = PERFORMED ACTION=23-02-2015

NIFTY:  DOWN BY: (125) POINTS: 

The Nifty saw a relentless selling in Banking and other counters except the Green in Asian Paints, whereas Bank of Baroda the Top loser. The serious selling started in counters that stood out well during the 4- day moves. The Asian markets are relatively strong but the Europe opened with negative bias and the crude also fell. 

The global worries are keeping us down as well the domestic issues against the Govt and lack of Investments keeping the FIIs out of the favoured nation list for last 6-months. A serious threat to NDA in Bihar has changed the FPI view and they are pulling out money with-out any consideration.

The Budget may bring some change in the scenario as many investors hoping but forthcoming election and lack of rural demand may keep the exuberance at bay.

There are two days to go to FEB series closing, NIFTY lost (4%), 315 points down and BANK NIFTY 1350 (9.4%) down, a fall from the start of FEB-series-29-01-2016. Despite of serious selloff following some counters keeping their head above the waters. These counters like Ajantha pharma up by 57, AMARRAJA Batteries 64, Apollo Hospitals by 30, Apollo Tyres by 15 (10%), Asian Paints 17, Bajaj auto by 130 Bajaj Finance by 131, Bharati by 27 (10%), Dr Reddy by 67, Eicher Motors 3063 (17%), Godrejcp by 27, Grasim 62, Heromotors by 213, Hexaware 27, HUL 45, JSW steel 29, KSCL 39, LT 54, Lupin 67, NMDC 14 (16%), Pidilite 57 (10%), Siemens 32, SRTransport 59, SUN 38, UBL 22, VEDL 6 (8%).


But the slaughter happened in counters like WockPharma Down by 47%, JUST DIAL -34%,ORIENT 32%,BHEL-31%,SYNDICATE BANK 30%, OIL-29%, ENGINEERS INDIA 26%, HINDPETRO-23%,PNB-23%,INDIA CEM -22%, AUROPHARMA-21%,DHFL-21, CROMPTON- 22%, VOLTAS 21%, ALBK-21%,STAR 20%, ICICI-20%,INDIABULLS HSG- 20% SBI-18%, UNITECH 36%, UCO 18% CANBANK-16%, BPCL16%, ADANIENT-16%, HDIL-16%,TV-18, 16%, MARUTI-16%,TECHM- 15.5%,TATAGLOBAL 15%, TATACOMM-16%, RELCAP-14%, LICHSG-13%,RELINFRA-10%, 

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