Moneycontrol
Get App
Live now
AUTO REFRESH
Feb 20, 2020 03:35 PM IST | Source: Moneycontrol.com

Closing Bell: Nifty ends below 12,100, Sensex down 150 pts; IndusInd Bank, Tata Steel gain

Sensex closed 152.88 points lower at 41,170.12, while Nifty was down 45 points at 12,080.90.

  • February 20, 2020 04:27 PM IST

    Sanjeev Zarbade, VP PCG Research, Kotak Securities:
     

    With the Corona virus situation in China stabilising, commodity prices have started to recover. Thus, crude price has started to inch up and is now close to USD 60 per barrel. With the earnings season coming to an end, the focus will shift to global and domestic macro developments. There are no major political events in the near term. While the interest level is high for small and midcap stocks, investors are still trying to assess the impact of Corona virus on procurements from China.

  • February 20, 2020 04:21 PM IST

    Santosh Meena Senior Analyst TradingBells:

    Technically, Nifty witnessed a smart pullback from its 100-DMA but it is facing resistance at its 50-DMA of 12,140 where if it manages to sustain above 12,140 level then we can expect a short-covering rally towards next important resistance zone of 12,250-12,300; above this zone we can expect that overall bull trend will resume for fresh all-time high.

    In the downside 20-DMA of 12,040 is immediate support and below this, 11,950-11900 will be a critical support zone. If Nifty slips below 11,900 level then the market may see a major fall where 11,800 will be an intermediate support level.

  • February 20, 2020 04:18 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Pandemic issue in China is under control implying that the impact to the economy won’t be that big as expected initially. Investors will focus on Trump-Modi meeting due next week though no trade deal is expected, commentary towards opening trade in the future will be watched.

  • February 20, 2020 04:15 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    In the absence of any major event or data on the local front, global markets are currently dictating our market trend. It’s largely the lingering fear of coronavirus impact on the global economy that is haunting markets across the globe.

    The recent move in the benchmark index shows indecision among the participants and it will only subside with clarity over coronavirus. Meanwhile, volatile swings would continue across the board thus we advise focusing more on stock selection and risk management.

  • February 20, 2020 03:43 PM IST
  • February 20, 2020 03:33 PM IST

    Market Close: After remained flat throughout the day, the final hour selling drag the Nifty below 12,100 level.

    At close, the Sensex was down 152.88 points at 41,170.12, while Nifty was down 45 points at 12,080.90. About 1219 shares have advanced, 1257 shares declined, and 166 shares are unchanged. 

    Cipla, Asian Paints, HUL, TCS and Tech Mahindra were among major losers on the Nifty, while gainers were IndusInd Bank, Zee Entertainment, Tata Steel, SBI and Power Grid Corp.

    Among sectors, selling witnessed in the energy, FMCG, infra, pharma and IT, while buying saw in metal and PSU bank.

  • February 20, 2020 03:28 PM IST

    ICICI Lombard, realme payसा in strategic association: realme payसा announced its strategic relationship with ICICI Lombard to enroll realme phone users, under the All Risk Insurance Policy underwritten by ICICI Lombard. 

  • February 20, 2020 03:26 PM IST

    Rupee trades lower: The Indian rupee has recovered from from the day's low but still trading lower by 9 paise at 71.65 per dollar.

  • February 20, 2020 03:23 PM IST

    Adani Gas gets clean chit from PNGRB: Petroleum and Natural Gas Regulatory Board (PNGRB) disposed November 29 show cause notice to the company and also approves Total's 37% stake buy in Adani Gas, quoting Source, reported CNBC-TV18..
     

Sections
Follow us on