INSUBCONTINENT EXCLUSIVE:
Tata Motors saw profit-booking after its recent rally to top the loser's list on the BSEThe benchmark indices tumbled in noon trading to end
The BSE Sensex ended at 47,409.93, weaker by 937.66 points or 1.94 per cent and the NSE Nifty closed below the 14,000 mark at 13,967.50,
down 271.40 points or 1.91 per cent
The broader markets also ended in the red, with the BSE Midcap index ending at 18,276.76, lower by 1.46 per cent and the BSE Smallcap index
ending at 18,129.60, down 0.45 per cent
highs ahead of the Budget on February 1, and the upcoming monthly derivatives expiry on Thursday also added to selling pressure in the
markets, analysts said."There was some froth in the markets at higher levels and the ongoing correction is a healthy one on account of
In my view, the Nifty can test 13,700 levels on the downside which is also the 50-day moving average of the index," Vijay Chopra of Enoch
Ventures told TheIndianSubcontinent.Tata Motors saw profit-booking after its recent rally to top the loser's list on the BSE
The stock of the auto major shed 4.3 per cent to close at Rs 267
Financial stocks succumbed to selling pressure, with Axis Bank, HDFC Bank and HDFC losing 3.4 per cent to 4.3 per cent each
Metal stocks also took it on the chin, with Tata Steel and Hindalco losing 4 per cent and 3.6 per cent each, on the BSE.On the other hand,
select information technology stocks such as Tech Mahindra, Wipro and HCL Tech bucked the weak trend to end with gains of 0.8 per cent to
markets.The public issue of Stove Kraft has been subscribed 2 times on the second day of bidding, i.e
Out of 3,057 traded stocks on the BSE, there were 1,877 declining stocks as against 1,032 advances.
