Nifty Ended in Bearish mode, the fifty share index closed 20 points down led by losses in Energy, infra, Pharma and FMCG sector while IT and Auto sector gain today.
Reliance Infra down 4.63%, the stock closed at 497.60 after touching intraday high of 519.00.
SESAGOA Stock has drifting down 3% Ended at 173.75. The stock was crashed 21% in last one year despite of favourable market condition. According to Analyst Company’s third quarter result was weak, because of continue ban on iron ore mining in Karnataka and Goa and still waiting for clearance from court.
NTPC shares were under pressure on Thursday as company launched its one day offer for sale (OFS). The Government plan to bring down fiscal deficit of 5.3% of GDP by selling shares in state companies. The Government has raised nearly $4 billion and want to sell shares in at least four more state companies by march end. NTPC is India largest power Generation Company. Shares of company closed at 147.70 down 2.70%.
Power Grid Corporation gain 2%, IDFC, M&M and ACC stocks moved near 1%.
Nifty Future Tips for Tomorrow
Buy Nifty future Feb series below 5963.10 target 5984.00 stop loss 5940.10.
Sell SESAGOA Future Feb target 167.00 stop loss 178.00.
Buy Power Grid Future Feb target 114.70 stop loss 109.00.