Monday 29 February 2016

Budget Day! Nifty Slips Below 7000 Mark

Posted by suhani varma on Monday, February 29, 2016 with No comments

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The S&P BSE Sensex is trading at 23,219 up 65 points, while NSE Nifty is trading at 7,050 up 20 points. The BSE Mid-cap Index is trading down 0.07% at 9,566, whereas BSE Small-cap Index is trading down 0.01% at 9,554.

SBI, ICICI Bank, Tata Steel, ONGC, Dr.Reddy's Lab and Sun Pharma are among the gainers, whereas  ITC, GAIL, HUL, Cipla, Bharti Airtel and Adani Ports are losing sheen on BSE. Some buying activity is seen in realty, metal, banking, finance, basic materials and capital goods sectors, while FMCG, consumer durables and IT sectors are showing weakness on BSE.

The INDIA VIX is up 0.50% at 21.9750. Out of 1,792 stocks traded on the NSE, 730 declined, 730 advanced and 363 remained unchanged today. A total of five stocks registered a fresh 52-week high in trades today, while 83 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 7 paisa at 68.69/$ on Monday as against previous close of 68.62/$. On Friday, rupee remained weak in the offshore NDF markets, weighed by the strength in greenback against the basket of currencies.

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