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Wednesday, 23 November 2016

Sensex up 91 points, Nifty50 at 8,024, Best Stock to Buy Tomorrow

After opening the day on a flattish note, the Indian equity market continues to trade in a similar fashion. Fighting a volatile trade, the market has ended on firm note with the Sensex trading higher by 91.03 points (up by 0.3% ) at 26051.81, and the NSE Nifty is trading marginally higher by 31.00 points (up by 0.4% ) at 8033.30. 

Sectoral indices are trading on a positive note with stocks from metal sector witnessing maximum buying interest. 

About 1906 shares have advanced, while 682 shares declined, and 168 shares are unchanged. Tata Steel, Lupin, Asian Paints, NTPC and L&T were gainers. The losers in Sensex were M&M, HDFC twins, Bharti Airtel and Maruti. 

Equity markets from the US to Asia are upbeat, but analysts are not so optimistic about the domestic market. A sharp cash crisis in the economy, a Fitch report assigning negative view to the banking sector and poor F&O rollovers do not predict well for the market.


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