DAILY MARKET ANALYSIS
ECONOMY ANALYSIS
Rail Budget dampner,
Nifty ends at 8684 on expiry day
Cement stocks fall
1-4% as govt hikes freight rates
Texmaco, Kalindee
fall 4-7% as Prabhu lists out proposals
Commerce Ministry
seeks cut in gold import duty
Gold steadies as US
rate hike timing expectations ease
USD 620 bn defence
budget between FY14 & FY22 projected
MARKET ANALYSIS
The Nifty ended below
psychological 8,700-mark on the last day of February series expiry as
traders booked profits ahead of the annual Budget.
Shares of railways
related companies closed on a weak note as the Rail Budget presented by
Minister Suresh Prabhu failed to boost sentiments.
The 50-share index
ended at 8,683.85, down 83.40 points or 0.95 per cent. It
touched a high of
8,786.05 and a low of 8,669.85 in trade today.
The S&P BSE
Sensex was at 28,746.65, down 261.34 points or 0.90 percent. It touched a high
of 29,069.13 and a low of 28,693.82 in trade today.
The market breadth
was negative on the NSE with 309 gainers against 763
losers.
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