Market ended lower following the expiry of February derivative contracts with IT majors leading the decline along with defensive pharma and FMCG shares. The 30-share Sensex provisionally ended down 261 points lower at 28,747 and the 50-share Nifty ended down 83 points at 8,684.Benchmark indices have extended losses in the late noon trades as market participants become wary ahead of the F&O expiry. Also, the Railway Budget announcement, which acts as a precursor to the Union Budget, failed to lift the sentiments of the domestic investors.
At 3 PM, the Sensex is down 284 points at 28,724 whereas the Nifty has lost 87 points at 8,680.
Top losers on the 30-share Sensex include BHEL, Hindalco, Sun Pharma, Baja Auto and Infosys down between 1.6-3%.
The Indian rupee continued to extend gains against the US dollar ahead of the Union Budget and dollar selling by banks. The Indian currency was trading higher at 61.88 to the US dollar compared to previous close of 61.96.
IT exporters were among the top Sensex losers on the back of the strengthening rupee. Infosys, TCS and Wipro were down 1-2% each.
Reliance Industries along with infrastructure stocks such as BHEL and L&T were among the top Sensex losers.
At 3 PM, the Sensex is down 284 points at 28,724 whereas the Nifty has lost 87 points at 8,680.
Top losers on the 30-share Sensex include BHEL, Hindalco, Sun Pharma, Baja Auto and Infosys down between 1.6-3%.
The Indian rupee continued to extend gains against the US dollar ahead of the Union Budget and dollar selling by banks. The Indian currency was trading higher at 61.88 to the US dollar compared to previous close of 61.96.
IT exporters were among the top Sensex losers on the back of the strengthening rupee. Infosys, TCS and Wipro were down 1-2% each.
Reliance Industries along with infrastructure stocks such as BHEL and L&T were among the top Sensex losers.
Coal India was down 1.6%, Hindalco, Tata Steel, Sesa Sterlite 1-2.7% each.
Among rail-related stocks, Texmaco Rail was down 2.4%, Texmaco Infra was up 1%, Cimmco was down 4.6%, Kalindee Rail down 1.6%. However, Zicom was up 7% on plans to install surveillance cameras in suburban trains to improve women's safety.
Get real time advice for Equity Trading Tips , Stock Cash Premium Tips , Equity Intraday Tips ,Stock Cash Intraday , Stock Trading Tips, NSE Stock Market Tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900. Among rail-related stocks, Texmaco Rail was down 2.4%, Texmaco Infra was up 1%, Cimmco was down 4.6%, Kalindee Rail down 1.6%. However, Zicom was up 7% on plans to install surveillance cameras in suburban trains to improve women's safety.
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