Market Updates By Stocksbaazigar

Aviation sector stocks started flying again


Listen Later

Today on the weekly expiry day Markets traded very positively entire day and Nifty managed to close above 9100 mark which is a good sign for bulls. Aviation sector stocks like Indigo and SpiceJet sky rocketed after the news that flights will resume from 25th came out. Auto sector stocks and FMCG too performed really well. ITC Ltd gave good breakout. On the other hand Banking and Financial stocks were down ahead of RBI's meeting with Public Sectors Banks tomorrow. The meeting is related to 3 months more increased moratorium. It will be bad for Banks as it will hamper their profitability badly. Today Colgate too posted it's 4th Qtr results and they were too bad after which Hindustan Unilever stock too corrected sharply. Tomorrow Nifty broad range will be from 8980 to 9220. Thank you for listening to my podcast 'Market Updates by Stocksbaazigar'. For further details please follow my Facebook Page of stocksbaazigar.com Also follow 'Stocksbaazigar' on Twitter and Instagram. Don't forget to subscribe to my Youtube Channel 'Stocksbaazigar'. For Fundamental Analysis of stocks and Investor's Education visit my website www.stocksbaazigar.com
...more
View all episodesView all episodes
Download on the App Store

Market Updates By StocksbaazigarBy Deepak Doddamani