Published on 14/02/2020 9:09:46 AM | Source: Mansukh Securities Ltd

The BSE Sensex ended at 41471.20, down by 94.70 points or 0.23% - Mansukh Securities

Posted in Market Outlook| #Mansukh Securities Ltd #Market Outlook

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Market outlook-cautiously optimistic


Quantitative Analysis : 

The BSE Sensex ended at 41471.20, down by 94.70 points or 0.23% after trading in a range of 41338.31 and 41709.30. There were 14 stocks advancing against 16 stocks declining on the index.The broader indices ended in green; the BSE Mid cap index rose 0.04%, while Small cap index was up by 0.05%. The CNX Nifty ended at 12166.90, down by 34.30 points or 0.28% after trading in a range of 12139.80 and 12225.65. There were 21 stocks advancing against 29 stocks declining on the index.The top gainers on Nifty were Yes Bank up by 6.53%, Dr. Reddys Lab up by 3.95%, Zee Entertainment up by 2.56%, SBI up by 2.31% and Titan Co up by 2.25%. On the flip side, Indusind Bank down by 3.55%, Tata Steel down by 1.77%, NTPC down by 1.71%, ICICI Bank down by 1.68% and Kotak Mahindra Bank down by 1.48% were the top losers.



For the upcoming session, we expect some more upside near to 12400-450 in near term however profit booking opportunity cant be rule out. Any profit booking scenario should be used as an opportunity to go long..............



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