[Latest News][6]

Best Stock Advisory Company in Indore
Best Stock Option Tips Provider
Budget 2018
Call Put Option Tips
Commodity Market Tips
Commodity Tips
F&O Tips
Indian Stock Market Tips
MCX Tips
Mcx Trading Tips
NCDEX tips
Nifty Future Tips
Nifty Option Tips
NSE BSE stock
NSE BSE stock Market
Option Tips
Option Trading Tips
Share Market Tips
Stock Market Tips
Stock Option Market Tips
Stock Option Tips

Sensex, Nifty Consolidate Ahead Of Union Budget; Bharti Jumps 5%

Equity benchmarks continued to consolidate in morning after last week's 3.5 percent rally on the Nifty and ahead of Union Budget scheduled to be presented on February 1. The 30-share BSE Sensex was down 9.60 points at 27872.86 and the 50-share NSE Nifty fell 7.75 points to 8633.50.

Telecom operator Bharti Airtel (up 4.6 percent) and Idea Cellular (up 7.6 percent) were top gainers among Nifty stocks. Reports suggest that Vodafone and Idea Cellular may consider merger.

Get live News Updates visit us at http://www.ripplesadvisory.com/services.php or One Missed Call on @9303-093093.

Sun Pharma gained 2 percent after subsidiary Ranbaxy Labs has received approval from US FDA for Triamcinolone Acetonide spray that is used to relieve skin inflammation, itching. L&T rose 1 percent despite the company lowered full year revenue growth and order inflow guidance to 10 percent each from 12-15 percent and 15 percent, respectively.

The rally may indicate that the stock already priced in impact of demonetisation and also created bottom for itself. Tata Motors, HDFC Bank, TCS, Infosys, SBI, Wipro and Tata Steel were under pressure. HDFC was moderately lower ahead of earnings due in afternoon. A CNBC-TV18 poll expects profit growth of 10.6 percent in Q3.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Start typing and press Enter to search