LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Markets at day's high ahead of Budget 2018; Nifty tests 11,100

Sectoral indices also ventured into  the positive teritorry after yesterday's bear grip

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Markets at day's high ahead of Budget 2018; Nifty tests 11,100
Asian shares gained early today, recovering from from the slump that caught the market earlier this week. Image source: PTI
Written By: ZeeBiz WebTeam
Updated: Thu, Feb 01, 2018
10:01 am
ZeeBiz WebDesk
RELATED NEWS
Insight: Markets' upward bias likely to continue Insight: Markets' upward bias likely to continue
Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come
Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower
Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari
Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest? Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest?

Even as Finance Minister Arun Jaitley is going to present Union Budget for 2018-19 today, Indian markets opened higher. After yesterday's fall, the BSE Sensex regained the 36,000 level and the benchmark Nifty also reclaimed 11,100 level.

Sectoral indices also ventured into  the positive teritorry after yesterday's bear grip. 

Asian shares gained early today, recovering from from the slump that caught the market earlier this week after the US Federal Reserve kept interest rates on hold as expected at its first policy meeting in 2018 yesterday. However, the US Fed flagged interest policy tightening later this year. 

Rising US bond yields and interest rates could be dampener for the global economic outlook.

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1% in early trade, slowly recovering from the Tuesday`s 1.4% fall. Japan`s Nikkei also rose 0.5%.

Yesterday, key Indian equity indices ended in the red today with the Sensex slipping below the psychologically important 36,000-mark and the Nifty50 closing just above the 11,000-level, as participants trimmed positions amid fresh outflow by foreign funds.

Except banking and financial services, all Nifty indices were in the negative teritorry.

Infratel, Kotak Mahindra Bank, BPCL, Tech Mahindra and Reliance were among the gainers in the Nifty50 index, while DrReddy's, Tata Steel,  Hindustan Unilever, UPL, Indiabulls Housing Finance stocks shed.

The trend was bearish as 21 shares advanced against 28 declines on the benchmark Nifty. 

Negative global cues, coupled with heavy selling pressure in consumer durables, capital goods and healthcare stocks, pulled the key Indian equity indices lower for the second consecutive session, an IANS report said.

Wider Nifty50 of the National Stock Exchange (NSE) closed 0.20% lower at 11,027.70 points, while the BSE Sensex, which opened at 35,951.64 points, ended 0.19% at 35,965.02 points.

The Sensex touched a high of 36,047.67 points and a low of 35,834.04 points during the intra-day trade.

The BSE market breadth was bearish as 1,911 stocks declined against 799 advances yesterday.

The Nifty50 fell 0.73% to close at 11,049.65 points, while the Sensex closed at 36,033.73 points, down 0.69%.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian marketIndian indicesSensexNiftyBSENSEscripsAsian shares
RELATED NEWS
Insight: Markets' upward bias likely to continue Insight: Markets' upward bias likely to continue
Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come
Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower
Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari
Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest? Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest?

LATEST NEWS

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

Covid 19 Phase 2: These government employees to be reimbursed 'medical expenses' for coronavirus vaccination

EaseMyTrip IPO Review: Issue opens on Monday! 'SUBSCRIBE' say experts; check details like important dates, price band, lot size, many more

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

Airbag for front-seat passenger made mandatory from THIS date

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved