Good Evening Everyone, Yet another record high was set in the market today as Nifty closed at 17377.
The FIIs sold for Rs. 589.36 crores while the DIIs bought for Rs. 547.31 crores.
The market though opened at a big gap-up, it did sustain to some extend to again close at a record high led by realty & IT stocks.
As discussed, the Realty sector was up 3% followed by IT & Media which led to today's rally.
Our holding Wipro was the top gainer for the day up by 4.95%, followed by IT biggies HCL & Nifty, of course, I had shared about by huge holdings in Infy and I am happy to be sitting with some great profit as of now. Our holding Grasim also has picked up.
IOC & energy sector saw some profit booking and hence IOC, ONGC was down today, followed by the FMCG.
Reliance Industries | CMP: Rs 2,429 | The stock ended in the green after subsidiary Reliance Strategic Business Ventures acquired 2,28,42,654 equity shares in Strand Life Sciences for Rs 393 crore.
Welspun India | CMP: Rs 138.10 | The stock jumped over 9 percent after the company became the first Indian company to receive one of the stringent and most recognised quality approvals—US Food and Drug Administration 510 (k) clearance for its 3-ply surgical masks.
ICICI Lombard | CMP: Rs 1,563 | The share price shed over 4 percent on September 6. ICICI Lombard received the final approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the proposed scheme of arrangement with Bharti AXA General Insurance Company, the company said in a release.
M&M Financial Services | CMP: Rs 167.50 | The scrip added over a percent after the company reported a rise in disbursements in August. M&M Financial reported disbursements of over Rs 2,000 crore the second month in a row. The total disbursement stood at about Rs 2,150 crore, recording a 57 percent YoY growth on a lower base of August 2020, which was hit by the first wave of COVID-19, the company said in an exchange filing.
VA Tech Wabag | CMP: Rs 341.25 | The stock ended in the positive territory after the firm secured a $11.45-million order from Dialog E&C Sdn. Bhd., Malaysia for establishing a new effluent treatment plant for Pengerang Integrated Complex in Johor, Malaysia, the company said.