Market Live:
Sensex consolidates, Nifty holds 10,400; TCS falls 5%, BoI rallies 9%
Benchmark indices opened mildly lower on Tuesday after the January's
industrial output and February's CPI inflation data announced later in the day
yesterday. It was a bit of profit booking after yesterday's more than 600
points rally on the Sensex.
The 30-share BSE Sensex was down 25.52 points at 33,892.42 and the
50-share NSE Nifty fell 7.50 points to 10,413.90.
TCS was biggest loser among Nifty50 stocks, falling more than 5 percent
after big block deal.
Nifty Midcap was down 38 points and Nifty Bank was flat.
UCO Bank, IDBI Bank, PNB, Canara Bank, Bank of Baroda, Balrampur Chini,
Shree Renuka, Dhampur Sugar, InterGlobe Aviation and Biocon fell up to 5 percent.
Future Consumer rallied 6 percent.
Industrial output expanded at 7.5 percent in January, from 7.1 percent in
previous month while retail inflation fell to a 4-month low of 4.44 percent in
February from 5.07 percent in previous month.
Asian stock markets were lower as Washington's policies hit regional
steel producers. The Nikkei 225, Shanghai Composite, Hang Seng and ASX 200
slipped 0.10-0.6 percent.
The S&P 500 and the Dow Jones Industrial Average slumped on Monday as
the US tariffs signed into law last week by President Donald Trump weighed on
industrials.
0731-4986981
No comments:
Post a Comment