Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Capitalstars Updates: Sensex falls 300 pts, Nifty breaks 11K post Budget 2018: 2 Feb 2018

     Capitalstars Updates: Equity Market Outlook

Indian Indices: 

Sensex falls 300 pts, Nifty breaks 11K post Budget 2018; banks drag. L&T Construction, the construction arm of Larsen & Toubro, has won orders worth Rs 2,275 crore across various business segments. Its water & effluent treatment business has bagged orders worth Rs 1,255 crore, power transmission & distribution business won major solar EPC orders worth Rs 590 crore and buildings & factories segment has received an order worth Rs 430 crore. Benchmark indices opened sharply lower as investors digested Union Budget 2018 and focussed on more corporate earnings.

The 30-share BSE Sensex was down 270.47 points at 35,636.19 and the 50-share NSE Nifty fell 83.20 points to 10,933.70.Axis Bank, Yes Bank, SBI, Indiabulls Housing Finance, Adani Ports, SBI, ICICI Bank, Kotak Mahindra Bank, Sun Pharma, Tata Steel and UPL were early losers.Nifty
Midcap extended losses, falling 1.5 percent or 313 points.

On the Earning front

• Stock focus will be on BAJAJ AUTO, HINDALCO, MRPL, TATAGLOBAL, THOMAS COOK, UBL, BAYERCROP, GLAXOSMITH, INFO EDGE among others which will announce their December 2017 quarter earnings report today.

Global Market:

• Major Asian markets are trading in the red at present. Nikkei is down 1.30%, Shanghai Composite is trading 0.93% lower, while Hang Seng is trading flat up 0.05%.

• US Markets: The major averages witnessed choppy trading in yesterday’s session. The Dow inched up 0.1% to 26,186.71, the Nasdaq fell 0.4% to 7,385.86 and the S&P 500 edged down 0.1% to 2,821.98.

• European markets also closed in the red yesterday with FTSE down 0.58%, CAX down 0.50% and with DAX closing 1.43% lower.

Major Headlines of the day:

• Grasim Industries has received rights to manage and operate viscose filament yarn business of Century Textiles and Industries.

• Info Edge India has approved selling 32,629 shares or 6.66% stake in Zomato Media for $50 mn to Ant Small and Micro Financial Services Group Co, part of China-based Alibaba group.

• Lupin has received final approval for its Clobetasol Propionate Cream USP, 0.05% from the USFDA to market a generic version of Fougera Pharmaceuticals Inc's Temovate Cream, 0.05%.

• Dilip Buildcon has received Letter of Award from the National Highways Authority of India for a new EPC Project valued at Rs565.02cr in the State of Maharashtra under NHDP Phase IV-B.

• Tata Motors registered a strong sales performance with its Commercial and Passenger Vehicles domestic sales in January 2018 at 59,441 units as against 41,428 units in January 2017, a growth of 43%.

Trend in FII flows: The FIIs were Net Value of Rs 1099.78  the cash segment Thursday while the DIIs were Net Value of Rs -358.50 as per the provisional figures.

Securities in Ban For Trade Date 02-FEB-2017:


CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .

Share Tips
Commodity tips
stock market tips
Free Commodity Tips
Share Tips Expert
Nifty Futures Tips
capitalstars payment
capitalstars Services

Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

This post first appeared on Capitalstars| Commodity Trading Tips Provider| Intraday Stock Tips, please read the originial post: here

Share the post

Capitalstars Updates: Sensex falls 300 pts, Nifty breaks 11K post Budget 2018: 2 Feb 2018


Subscribe to Capitalstars| Commodity Trading Tips Provider| Intraday Stock Tips

Get updates delivered right to your inbox!

Thank you for your subscription