POST MARKET ANALYSIS
Date:- 04/02/22
· Sensex was down
-143.20 points nearly 0.24% and now trading at 58644.82
· Nifty 50 down
-43.90(0.25%) and now trading at 17516.30
· Nifty bank down -220.65(0.57%) ,current trading at
38789.35
· Today market was flat.
NIFTY CONTRIBUTION POINTS
Major
pullers (UP)
HDFC
BANK-8.97
VEDL-4.82
HINDALCO-4.37
LT-4.23
ASIANPAINT-3.63
Major
draggers(DOWN)
RELIANCE-16.61
HDFC-10.17
SBIN-9.01
KOTAKBANK-7.97
ICICIBANK-6.05
Top gainers
1. AMBIKA COTTON(+18.99):
Reason : vijay kedia an ace investor picked stake via open market.
2. ORIENT ABRASIVES(+19.97%)
Reason: financial results expected on 7/02/22.
3. NAHAR CAPITAL AND FINACIAL(+18.86%)
Reason: financial results update, copy
in newspaper.
4. NAHAR POLYFILMS(+16.84%)
5.MAS FINANCIAL SERVICE(+16.59%)
Reason: previous day price
spurt.
MARKET TODAY
· Large selloff seen in tech stock by FIIS.
· Meta shares were down 25% ,wipes $200 billion
investors wealth resulting in week opening of indian markets.
· Nifty metals shine ,Hindustan copper gains 6%.
· Vedant fashions IPO allotment first day weekly
subscribed only 11%.
· Broader markets underperformed the benchmarks ,while
BSE Midcap and Smallcap indices closing 0.7% and 0.45% lower.
· Among sectors the Nifty realty index closed 3% lower,
Nifty PSU Bank and Nifty Auto indices were down 2% and 1%.Nifty IT and FMCG
ended flat. In week market Nifty Metal index was only gainer i.e 1% as union
budget to exempt custom duties on steel for a year.
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