Friday, 2 February 2018

Bloodbath on D-Street post Budget; Sensex falls over 800 points | Trade Nivesh Investment

Domestic benchmark indices were weak, weighed down by cues from global equity markets and re-introduction of long-term capital gains tax in the Budget.

At 3:05 PM, the BSE Sensex was trading at 35,085, down 822 points, while the Nifty50 index was trading at 10,766, down 250 points.

Shares of Hindalco Industries erased gains and fell as much as 4% to a one-month low of Rs246.25 after the company reported lower-than-expected earnings for the December quarter.

Shares of Info Edge India fell nearly 3% after the company's Oct-Dec net profit came in at Rs533.5 mn, down 32.1% on quarter, below analysts' estimates of Rs702.9 mn.

Bank of Baroda said it would consider raising up to Rs5,375cr via issue of equity shares on preferential basis and consider fundraising via preferential issue to government, on February 9.

PC Jeweller recovered sharply post management clarification on Vakrangee issue, trimming losses from 60% to around 16% now.

Volatility index India VIX gained 5.10% at 14.8275.

ITC (+0.71%), TCS (+0.65%), Tech Mahindra (+0.48%), HCL Tech (+0.37%) and Wipro (+0.35%) were the top gainers on Nifty50.

Bajaj Auto (-5.7%), Bajaj Fin (-4.8%), Maruti (-4.2%), UltraTech Cement (-4%) and RIL (-4%) were the top losers in today’s trade.

Out of 2,023 stocks traded on the NSE, 138 advanced, 1,624 declined and 261 remained unchanged today.

A total of 14 stocks registered a fresh 52-week high in trade today, while 84 stocks touched a new 52-week low on the NSE.


  1. This is good for all traders and reliable for new investors. Commodity Tips Free Trial

  2. Best Stock and commodity Trading Tips Provider By The Grs Solution .



Blogger Templates