Friday, February 19, 2016

Closing update

Nifty and sensex turned green during  end of the day

Companies who came with their IPO few days back i.e TeamLease Services and Quick Heal Technologies were most active on exchanges today. TeamLease rebounded sharply, up 2.5 %after losing more than 18%  intraday. Quick Heal gained 5% after hitting 52-week low of Rs 242.Bank shares and education shares including educomp,Careerpoint rallied during the day


Nifty gainers   ICICI Bank,Bajaj Auto,M&M,PNB,SBI,NTPC,Asian Paints
Top Stocks in news are :Jet Airways, BHEL, Spicejet 

India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.

India, the world's third-largest crude oil importer and since shipping distances are short,hence the Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) are giving prefernce to India for oil exporting.

Most of the experts advised to sell GOLD & CRUDE by looking at the current trend in commodity markets