ECONOMY ANALYSIS
Sensex falls 256 pts,
Nifty ends below 8800; RIL loses 3%
ITC may de-rate if
Budget hikes cigarette excise over 15%
Apollo Hospitals up
3.5%, signs MoU with European country
Min subscription for
NCDs by NBFCs fixed at Rs 20,000
Parekh pitches for
divestment in Air India, LIC, BSNL
Lupin says FDA raises
concerns over Pithampur plant
MARKET ANALYSIS
- The S&P BSE Sensex extended its fall for second straight session led by losses in oil & gas, metals and banks. According to analysts, the market is likely to remain volatile ahead of February series expiry and Union Budget this week.
- The 30-share index ended at 28,975.11, down 256.30 points or 0.88 per cent. It touched a high of 29,362.96 and a low of 28,913.16 in trade today.
- The Nifty closed at 8,739.30, down 94.30 points or 1.07 percent. It touched a high of 8,869 and a low of 8,736.10 in trade today.
- Reliance (2.78 percent), GAIL (2.69 percent), SBI (2.43 percent), Tata Steel (2.40 percent) and Axis Bank (2.21 percent) were among the index Sensex losers.
- M&M (up 1.19 percent), Sesa Sterlite (up 0.94 percent), TCSBSE 0.76 % (up 0.72 percent), L&T (up 0.49 percent) and NTPC (up 0.31 percent) were among the top gainers.
- The market breadth was negative on the BSE with 1201 gainers against 1693 losers.
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