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Nifty Eyes 8700, Sensex Strong; Banks, Infra Stocks up
The Market is still holding gains with the Nifty eyeing 8700. The Nifty is up 67.40 points or 0.9 percent at 8670.15 and the Sensex is up 251.96 points or 0.9 percent at 27960.10. About 1523 shares have advanced, 932 shares declined, and 262 shares are unchanged.
BHEL, ICICI Bank, Axis Bank, GAIL and HDFC were top gainers while Wipto, Lupin, HUL, Tata Motors and Cipla are losers in the Sensex.
The Union budget is going to be a “market-neutral” event as policymakers are not likely to change their policy stance and will continue to focus on fiscal consolidation, says a Morgan Stanley report.
“We do not expect major changes in the conduct of fiscal policy and hence, view the budget as a market-neutral event,” Morgan Stanley said in a research note.
The Union budget for 2017-18 is due to be presented on February 1.Any Information Please Visit : www.researchinfotech.in and Call : 8982890444