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2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 1/8
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EVENT HIGHLIGHTS
Encouraging macro data points, buying in metal, realty and financial counters and positive global cues helpedbenchmark indices to settle in the green for the third consecutive day on Wednesday. The domestic services industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace inseven years on strong domestic demand, a private survey showed on Wednesday. READ MORE(https://www.business-standard.com/article/economy-policy/solid-domestic-demand-lifts-services-pmi-to-7-year-high-of-55-5-in-jan-120020500317_1.html )
MARKET WRAP: Indices gain for 3rd day;Sensex up 353 pts, reclaims 41,100All that happened in markets today.
SI Reporter (/author/search/keyword/si-reporter) | New Delhi Last Updated at February 5, 2020 16:17 IST
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04:09 PM
MARKET COMMENT | VinodNair, HoR, Geojit FinancialServices
03:44 PM
SECTOR WATCH | Top gainersand losers on the NSE
03:43 PM
MARKET AT CLOSE | Topgainers and losers on the S&PBSE Sensex
03:41 PM
CLOSING BELL
03:10 PM
Hero MotoCorp tanks 5%, Co toannounce December quarterresult on Thursday
02:55 PM
BUDGET NEWS ᨊ
2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 2/8
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Before this, Manufacturing PMI, too, hit an eight-year high in January, driven by a sharp rise in new business ordersamid a rebound in demand conditions. The S&P BSE Sensex today rallied 353 points or 0.87 per cent to reclaim the crucial 41,100 level to end at 41,143.Tata Steel (up nearly 5.5 per cent) emerged as the biggest gainer on the index, followed by Bharti Airtel, HDFC, andTCS. On the contrary, Hero MotoCorp, Maruti and Power Grid were among the biggest losers. In the broader market, the S&P BSE MidCap index climbed over 1 per cent to settle at 14,644 while the S&P BSESmallCap index closed 99 points or 0.68 per cent higher at 14,644-mark. On the NSE, the benchmark Nifty50 index ended just shy away from the crucial 12,100 level at 12,089, up 106 pointsor 0.9 per cent. Sectorally, except media, all the other indices on the NSE settled higher. The Nifty Media index slipped 0.77 per cent toend at 1,768.50 levels. On the upside, metal stocks jumped the most with the Nifty Metal index ending over 3 per centhigher at 2,675 levels. BUZZING STOCKS Shares of Bharat Petroleum Corporation (BPCL) gained for the third straight day on the BSE after reports said thatRussia's largest oil producer Rosneft was keen to bid for the state-owned oil marketing company(https://www.business-standard.com/article/companies/russia-s-largest-oil-producer-rosneft-keen-to-bid-for-bpcl-report-120020500515_1.html). The stock ended at Rs 501, up 4.7 per cent. Shares of Avenue Supermarts, which owns and operates the DMart supermarket chain entered the 20 most valuablecompany club in terms of market capitalisation (m-cap). Shares ended at Rs 2249, up 4.35 per cent. On the other hand, Zee Entertainment Enterprises (ZEEL) were under pressure for the second straight day onWednesday. The stock fell over 7 per cent to Rs 227 on the BSE amid media report that the corporate affairs ministryhas ordered an inspection of the financials of the company. GLOBAL MARKETS European stocks jumped sharply on reports that a Chinese university found a drug to treat people with the newcoronavirus and researchers in the UK saying they made a “significant breakthrough” in finding a vaccine, severalLondon-based traders said. US stock futures also turned positive, rising 0.5 per cent. Earlier, Asian stocks steadied as Chinese shares moved higher on hopes of additional stimulus to cushion theeconomic blow from a coronavirus outbreak. In commodities, oil prices jumped by more than 3 per cent. (With inputs from Reuters)
ON
MARKET COMMENT | Vinod Nair, HoR, Geojit FinancialServicesIndian markets are mirroring the global markets and trading on a higher note powered by rate-sensitive stocks . With the overreaction on the budget being mostly done, the market’s focuswill turn to how global events and Q3 results span out. In�ation being on the higher side thereis no further room left for the central bank to tweak rates and is expected to follow anaccommodative stance in the policy due tomorrow
SECTOR WATCH | Top gainers and losers on the NSE
BUDGET NEWS ᨊ
2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 3/8
03:43 PM
03:41 PM
03:10 PM
MARKET AT CLOSE | Top gainers and losers on the S&P BSESensex
CLOSING BELLThe S&P BSE Sensex rallied 353 points or 0.87 per cent to end at 41,143 while NSE's Nifty ended at 12,089, up110 points or 0.91 per cent.
BUDGET NEWS ᨊ
2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 4/8
02:55 PM
02:51 PM
Hero MotoCorp tanks 5%, Co to announce December quarterresult on ThursdaySince October 23, when the company reported its September quarter results (Q2FY20), thestock has underperformed the market by falling 13 per cent on the BSE. In comparison, theS&P BSE Sensex was up 5 per cent, while the sector S&P BSE Auto index gained 1 per centduring the same period. READ MORE (https://www.business-standard.com/article/markets/hero-motocorp-skids-5-ahead-of-q3-results-120020500960_1.html?1580895507)
BROKERAGE RADAR | Edelweiss Securities on GodrejPropertiesThe company’s robust project pipeline, rapidly expanding project portfolio and tailwinds from RERA are keypositives and will enable the stock to continue to trade at rich valuations. We maintain ‘BUY/SO’ with revised TP ofRs 1,268 per share (at par with NAV of Rs 1,268/share) as we roll forward valuations to June 2021E.
MARKET CHECK | Sensex nears 41,100-mark
BUDGET NEWS ᨊ
2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 5/8
02:46 PM
02:45 PM
02:35 PM
NEWS ALERT | FCCB and QIP saw strong demand, saysBharti Airtel
NEWS ALERT | Bharti Airtel says Infratel board extendedlong-stop date for Indus merger: CNBC TV18
IRCTC, Avenue Supermarts, YES Bank: Trading strategies forbuzzing stocksIndian Railway Catering and Tourism Corporation (IRCTC): The counter has jumped over 50 per cent in justeight sessions. Although the continuous gap-up sessions indicate strong momentum, a jump of over 50 per centnormally witnesses profit booking. This stock now needs to consolidate after a sharp rally in order enter the nextleg of an upside. Rather than buying this stock now that trades in overbought condition as per Relative StrengthIndex (RSI), one can wait for a healthy correction. READ MORE (https://www.business-standard.com/article/markets/irctc-dmart-here-s-how-to-trade-buzzing-stocks-120020500837_1.html?1580893395)
BUDGET NEWS ᨊ
2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-airtel-sun-pharma-zeel-120020500157_1.html 6/8
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2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
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2/6/2020 MARKET WRAP: Indices gain for 3rd day; Sensex up 353 pts, reclaims 41,100 | Business Standard News
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