Sensex, Nifty Choppy; Midcap Underperforms; Oil Stocks Rally - Dollar Advisory Financial Services

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Tuesday 14 February 2017

Sensex, Nifty Choppy; Midcap Underperforms; Oil Stocks Rally

Oil stocks rallied today, with Reliance Industries, ONGC and GAIL rising 1.6-2 percent. Adani Ports climbed 1.5 percent ahead of Q3 earnings. HUL lost 1.5 percent despite Bank of America Merrill Lynch maintained a buy call on the stock, with target price at Rs 1,000. 

The research firm says demonetisation-led impact on domestic sales is waning quickly and it is positive about emerging prospects and hence margin goals restated. 

Gold prices firmed as investors turned their attention to testimony from US Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy.

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