Budget and before the expiry pressure is being witnessed in the market. Sensex and Nifty are trading down 0.25 percent. Sensex fell below 29000, the Nifty has come down to 8750.
Midcap and smallcap stocks are also seeing selling. The Pharma, auto, FMCG, IT and banking stocks selling there is pressure.
The BSE 30-share index Sensex 77 points with weakness trading of 0.25 percent trading at 28931, while the 50-share index NSE Nifty 25 points with weakness of 0.3 percent is trading at a level of 8742.5.
During the market Bajaj Auto, Hindalco, Sun Pharma, Infosys and Dr Reddy's like giant shares fell from 1.8 to 1.1 percent. However, Sesa Sterlite, JSPL, Lupin, HDFC, TCS, Bharti Airtel and ONGC like veteran shares rose from 1.8 to 0.4 percent.
Midcap stocks pine animation, Jubilant Life, Coromandel, Advanta and Jubilant food are broken most from 8.4 to 2.6 percent. Smallcap stocks Rajalakshmi Industries, Surana Industries, Oscar Investments, Signet Industries and Gulf Oil most have crashed from 5 to 3.6 percent.
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