Citi10 min ago
Sensex Today: Index slips 160 points at close; HUL, ICICI Bank top losers
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Sensex today: The domestic market extended losses for the third straight session on Wednesday with the Nifty50 ending below 10,500, tracking Asian markets after US Federal Reserve Chair Jerome Powell’s remarks about a potential rise in the number of rate hikes, while uncertainty over state-run banks compounded the decline.
The Nifty PSU Bank (up 0.7 per cent) recovered lost ground to settle in green. The index had fallen as much as 2.7 per cent in intraday trade. Among individual stocks, Bank of India was the sole loser on the index. Share price of PNB was back above Rs 100, gaining over 3 per cent, after the stock shed over 5 per cent in intraday trade.
Market breadth remained negative. On the BSE, 1,575 stocks declined, 1,123 stocks advanced, while 171 stocks remained unchanged.
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Globally, Asian shares took a hit after Powell said each member would write a new “dot plot” rate path ahead of the March meeting and that he wouldn’t want to prejudge the outcome, indicating the possibility of a rate hike in March.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 1.06 per cent.
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28 Feb 2018, 3:51 PM (IST)
Markets at close
The Sensex ended at 34,184, down 162.35 points, while the broader Nifty50 settled at 10,492, down 61.45 points.
28 Feb 2018, 10:19 AM (IST)
Sectoral trend
(Source: NSE)
28 Feb 2018, 9:19 AM (IST)
Sun TV slips 3%
Sun TV shares slipped nearly 3 per cent to Rs 923 after CBI arrested Karti Chidambaram in INX media case.
Source: BSE
28 Feb 2018, 9:19 AM (IST)
Sensex heatmap at open
(Source: BSE)
28 Feb 2018, 9:12 AM (IST)
Markets at open
At 9:20 am, the Sensex was trading at 34,108, down 237.88 points, while the broader Nifty50 was ruling at 10,477, down 77.05 points.
Source: BSE
28 Feb 2018, 9:02 AM (IST)
Angel Broking on Nifty
We continue to consider 10,600 as a crucial level for coming session. On the lower side, 10,500 has become an immediate base. Any sustainable breakout from the range of 10,640-10,500 would dictate immediate direction for the index. Having said that we continue to believe that breaking above 10,640 would extend this relief rally towards 10,700 – 10,750; but it certainly does not change the broader picture, which turned in favor of the bears couple of weeks back.
28 Feb 2018, 8:53 AM (IST)
FAST MONEY: IDBI Bank, Tata Chemicals among key trading ideas for today
IDBI BANK (SELL)
Target: Rs 72
Stoploss: Rs 75.50
CMP: Rs 74.30
- Steep fall after five-session long rally
- OI slipped 12% in futures trade
28 Feb 2018, 8:50 AM (IST)
Pre-open trade
The Sensex was trading at 34,236, down 109 points, while the broader Nifty was ruling at 10,467, down 87.20 points at pre-open trade.
28 Feb 2018, 8:47 AM (IST)
Markets on Tuesday
The S&P BSE Sensex settled at 34,346, down 99.36 points, while the broader Nifty50 ended at 10,554, down 28.30 points.
(Nifty intraday chart)
28 Feb 2018, 8:46 AM (IST)
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