Sensex, Nifty edge lower; budget awaited

Sensex rises over 300 pts to touch all-time high Nifty hits 11,161 level auto stocks lead gains

Brokers said apart from profit-booking at record levels by participants, a weak trend at other Asian markets following overnight losses at Wall Street hurt the trading sentiment.

On the BSE, the barometer 30-scrip Sensitive Index (Sensex), which opened at 36,106.36 points, traded at a fresh level of 36,309.11 points - up 258.67 points or 0.72 per cent from its previous close.

The stock had hit a record high of Rs 973.80 on 5 January 2018 and a 52-week low of Rs 586.60 on 27 February 2017.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to lose 0.3 per cent and 0.6 per cent, respectively.

On the BSE, 6,404 shares were traded on the counter so far as against average daily volumes of 8,355 shares in the past one quarter.

Shares of Emami fell over 6% as the company's Oct-Dec performance was below expectations and its operating margins contracted.


Indian shares opened lower on Tuesday as investors turned their focus to the upcoming budget that will be the last full year budget of the government before next year's Lok Sabha election.

Ester Industries stock jumped 10% after it entered into a long-term agreement with Shaw Industries, USA to supply circa 2,500 tonnes per annum of its Stain Resistant Master Batch to Shaw Industries.

The Bombay Stock Exchange building in Mumbai.

Volatility index India VIX slipped 2.18% at 17.4975.

Asian Paints (-2.4%), Eicher (-2%), Ambuja (-1.8%), Axis Bank (-1.7%) and Dr. Reddy's (-1.6%) were the top losers in today's trade.

The BSE market breadth was bullish as 1,313 stocks advanced against 553 declines.

Related:

Comments

Latest news

Hyundai unveils new Santa Fe SUV, aiming at US
Hyundai did not share the price of the new Santa Fe. "The mission of the Santa Fe is to recover Hyundai's USA market share".

Nyong'o honored: Lupita's ''Black Panther'' movie to premiere in Kisumu
She also spoke highly of Chadwick Boseman's performance as T'Challa, as well as the new characters introduced in the film. PT (or avoid Twitter if you are spoiler-averse). " Black Panther is incredible, kinetic, purposeful", Yamato wrote .

Traders Purchase Large Volume of Call Options on Eagle Materials (EXP)
Stifel Nicolaus maintained Eagle Materials Inc. (NYSE:EXP) has "Neutral" rating given on Friday, November 20 by Goldman Sachs. Following the transaction, the chief operating officer now owns 28,136 shares of the company's stock, valued at $3,235,640.

HMD Global Introduces a 4G Variant of the Nokia 3310 in China
In terms of availability, the previously launched Nokia 3310 was made available in two color variants: Fresh Blue and Dark Black. Moreover, the handset is powered by a 1200mAh battery, which is capable of delivering 5 hours of talk time on 4G VoLTE.

Asus Zenfone 3 gets an Oreo serving
To recall, in August previous year , the company had promised an Oreo update for the entire ZenFone 3 and ZenFone 4 range. Now, the company has confirmed that the device will indeed be updated to the newer version of the OS.

Other news