D-Street On Red Carpet Of Profit Booking
Mar 02, 2017 | 18:33 PM IST
Mar 02, 2017 | 18:33 PM IST
Share Market News 2nd March, 2017:
The stock market witnessed a positive start of the day which ended with red profit booking.
The Sensex lost 144.7 points to 28839.79
Nifty lost 46.05 points to 8899.75
Tata Motors DVR gained 2.91% to 282.55
Top Gainers:
Tata Motors by 2.64% to 461.3, Bajaj-Auto by 2.38% to 2835.0, Ultratech Cement by 2.35% to 3818.6, Hero Motocorp by 1.63% to 3230.0.
Top Losers:
BPCL lost 4.31% to 631.0. Idea Cellular by 3.27% to 109.55, Adani Ports by 2.89% to 293.75, Sun Pharma by 2.58% to 676.7, NTPC by 2.56% to 155.85.
Cadila Healthcare fell 1.7% as the US Food and Drug Administration (FDA) issued three observations under Form 483 for its formulations manufacturing facility at Baddi.
IndusInd Bank shares declined 1.4% after sources told CNBC-TV18 that the Hinduja Group-controlled company, which was exploring the option of acquiring a stake in Bharat Financial, and subsequently a merger, has called off the deal due to valuation concerns. Bharat Financial dropped nearly 3%.
ITC, Adani Ports, SBI, Sun Pharma, Mahindra & Mahindra, Axis Bank and Bharti Airtel among others were down 1-3%.
At the time of penning this article, investors took a breather after a strong rally on Wall Street due to which the European markets were hovering around the flatline.
Asia ended mixed after morning rally led by US cues.
Stocks to watch Hindalco Ltd is on up side while Infratel Ltd is on down side.
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