Monday, 6 February 2017

Nifty Struggles Below 8800 | BHEL and Hexaware up

Equity Benchmarks continued to trade lower in morning, tracking negative Asian cues and due to profit booking. Investors turned cautious ahead of monetary policy committee decision due tomorrow.
The 30-share BSE Sensex was down 73.04 points at 28366.24 and the 50-share NSE Nifty fell 24.15 points to 8776.90 while the market breadth was moderately positive.
Tata Motors fell more than 2 percent after a 4 percent growth in JLR total retail sales at 47,693 units in January year-on-year.
Hexaware Technologies gained 2 percent as quarterly earnings beat analysts’ expectations. Profit in Q3 grew by 9 percent and revenue by 4 percent QoQ.
BHEL shares climbed 2.7 percent ahead of quarterly earnings due later today. A CNBC-TV18 poll expects profit at Rs 31 crore against loss of Rs 1,100 crore in year-ago quarter.
ITC was off day’s high, up 0.9 percent after the government sold 2 percent stake in opening trade today. The government held 11.12 percent stake in the cigarette major through SUUTI. Research Infotech provides you accurate tips related to the stock and share market with great accuracy percentile. For more information visit:-www.researchinfotech.in and Call : 8982890444

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