The overall market was neutral with just 0.14% of positive. The main reason for decline as shown by sectorial idices has been public sector units banks with 0.65%negative result. IT sector after the poor show yesterday showed a great comeback today with 8 stocks advancing and just 2 stocks declining. Top 2 positive stocks were KPIT with turnover of 12.08 crores, 3.33% of positive change & TCS with 527.48 crores turnover, 2.99% of positve change. Only two stocks showed negative change in IT sector one is TECHM with -0.90 change & TATA ELXSI with -1.02 change. 

Today was the bad for PUBLIC SECTOR UNIT BANKSwith only 2 advances and 8 decline and -0.65% change. only two banks  ALBK & BANK OF BARODA showed 2.11% and 0.06% of positive change respectively, whereas 8 other banks showed negative change, top 2 banks of those were PNB & UNION BANK who showed -1.41% and -2.17 respectively.

So, here we can say that apart from IT sector which made an amazing comeback from yesterday bloomed its feathers out, it was a neutral day as far as overall market is concerned.

1 Comment
  1. nishat Parveen 7 years ago

    The board of Infosys announced buyback of shares as its size is likely to be over $2.5 billion and will be announced in April.

    This move of infosys in IT sector is considered to be crucial as it is the first buyback in the company’s history and comes day after similar moves by its rivals Cognizant and TCS, as pressure escalates IT companies to return cash to shareholders in a tremendous formidable atmosphere .

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