Top 5 stocks of the day: Adani Enterprises, IndusInd Bank, Nestle India, SBI Life Insurance and HDFC Life were among the major lowers on the Nifty, while gainers included L&T, UltraTech Cement, BPCL, Asian Paints. and Coal India. Except capital goods, all other sectoral indices ended in the red. The BSE midcap index fell 0.7 percent and smallcap index down 0.20 percent.
Sensex and NSE Nifty50
Benchmark indices ended lower, snapping a three-day winning streak, with Nifty below 20,000. The Nifty was down 91.60 points or 0.51% at 17,944.20, while the Sensex was down 316.94 points or 0.52% at 61,002.57. 1893 shares fell, 1468 shares rose, and 136 shares remained unchanged.
Top Stock Losers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| IndusInd Bank | 1,114.30 | -2.97 | 79.24k |
| Bandhan Bank | 235.00 | -2.91 | 103.66k |
| Federal Bank | 127.25 | -2.34 | 433.87k |
| AU Small Financ | 611.90 | -2.25 | 31.16k |
| Bank of Baroda | 166.90 | -1.79 | 492.11k |
| Kotak Mahindra | 1,757.40 | -1.74 | 247.18k |
| SBI | 531.40 | -1.61 | 706.40k |
| Axis Bank | 853.10 | -1.39 | 220.11k |
| ICICI Bank | 862.00 | -0.82 | 96.13k |
| HDFC Bank | 1,654.35 | -0.62 | 96.75k |
Top 5 stocks of the day: Morgan Stanley View on Nestle India
Underweight was maintained by the brokerage house on the stock, with a target price of Rs 15,315 per share. On the top line, the company’s Q4 results fell short of expectations, but they beat them by a wide margin. Due to margin pressure, a possible deterioration in the mix, and relative valuation, the firm maintained its underweight position in the stock.
L&T tops buying list in Nifty50, trades beyond consolidation range
Larsen & Toubro turned out to be the biggest gainer in the Nifty50 on February 17, despite the broader markets reeling under selling pressure. The benchmark Nifty50 itself fell more than 100 points intraday.
With a long bullish candlestick formation, the stock has broken out of the consolidation range that we have been seeing since the beginning of the current month. It was actually trading within the Budget Day range (Rs 2,080-2,216), but there was a higher-high-higher-low formation within that range.
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