ECONOMY ANALYSIS
- Sensex closes lower post Fed comments; capital goods drag
- Gold jewellery exports edge higher in February
- Indian equities, rupee to continue strong show: FII view
- Piramal buys 3.5% stake in Sunteck Realty for Rs 65cr
- RBI yet to hear from EC on bank licences: Chakrabarty
- Govt to sell stake in Axis Bank on Friday: Mayaram
- India allows more banks to import gold in easing of curbs
MARKET ANALYSIS
- MUMBAI: The benchmark Sensex today closed 93 points down at its lowest level in two weeks on selling in banking, capital goods and power shares in line with weakness in global markets rattled by fears that the US Fed may hike interest rates sooner-than-expected.
- The Sensex, which had gained 58.25 points in the previous three sessions, fell by 92.77 points, or 0.42 per cent to 21,740.09 -- the weakest closing since 21,513.87 on March 6.
- Intra-day, it touched a low of 21,704.66 and a high of 21,853.25. In the 30-share BSE index, 22 stocks led by HDFCBSE -2.12 % and L&T closed in the red. Aided by value-buying after recent weakness, TCSBSE 3.28 % and InfosysBSE 0.96 % led the eight Sensex gainers today.
- The 50-share NSE benchmark Nifty fell 40.95 points, or 0.63 per cent, to end at 6,483.10.
- Bucking the general trend, Tata Consultancy ServicesBSE 3.28 %, Infosys and WiproBSE 1.09 % rose. TCS had led the fall in IT pack stocks yesterday on revenue growth concerns. The BSE-IT index today gained 1.69 per cent.
MAJOR INDICES
INDIAN MARKET
|
INDEX
|
CLOSE
|
CHANGE
|
% CHANGE
|
|
SENSEX
|
21740.09
|
-92.77
|
-0.42
|
|
NIFTY
|
6483.10
|
-40.95
|
-0.63
|
|
BANK NIFTY
|
12017.25
|
169.30
|
-1.39
|
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