Nifty ends Feb series below 7000, Sensex weak on Rail Budget day

Dragged by a disapointing Rail Budget and February Future & Option series expiry, market sentiment remained low. The Nifty ended down 48.10 points or 0.7 percent at 6970.60 and  the Sensex was down 112.93 points or 0.5 percent at 22976.00.

About 888 shares advanced, 1561 shares declined, and 169 shares were unchanged.

ONGC, Sun Pharma, HDFC, Coal India and Hindalco were top gainers while SBI, GAIL, Tata Motors, ICICI Bank and L&T were losers.

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Indian ADRs: HDFC Bank, Wipro, Dr Reddy’s Lab down

wall_street_356_0041_356Indian ADRs ended mixed on Wednesday.

In the IT space, Infosys was up 0.19 percent at USD 16.84.

Wipro was down 0.11 percent at USD 11.29.

In the banking space, ICICI Bank was up 0.02 percent at USD 5.46.

HDFC Bank was down 0.44 percent at USD 52.34.

In the other sectors, Tata Motors gained 0.03 percent at USD 23.07.

Dr Reddy’s Laboratories shed 0.76 percent at USD 43.77.

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Sensex sinks 321 pts, Nifty ends below 7050; banks, infra drag

The market closed lower for second consecutive session ahead of Railway Budget and F&O expiry. The Sensex fell 321.25 points or 1.37 percent to 23088.93 and the Nifty dropped 90.85 points or 1.28 percent to 7018.70.

More than two shares declined for every share advancing on the Bombay Stock Exchange.

BHEL, NTPC, Tata Motors, Hindalco Industries, HDFC and Vedanta topped selling list on Nifty, down 3-5 percent while BPCL rallied 4.5 percent and Power Grid Corp gained 2 percent followed by Bharti Airtel, M&M, Yes Bank, Bharti Airtel, Reliance Industries, HUL and Axis Bank.

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