Tuesday, 28 February 2017

Nifty closes below 8900, Sensex down by nearly 70 points, BHEL closed up by 6%

Nifty closed at 8878 levels, down by 18 points or 0.2%. Sensex closed at 28743 levels, down by 69 points or 0.2%.
 
There were 807 advances, 651 declines and 66 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
BHEL was the top Nifty gainer, whereas BPCL was the top Nifty loser in Tuesday’s trading session.
 
Broader markets outperformed the major indices in Tuesday’s trading session. BSE Mid-cap index closed at 13552 levels, up by 18 points or 0.1%; while BSE Small-cap index closed at 13698 levels, up by 88 points or 0.6%.
 
Economic Affairs Secretary said on Tuesday that all states have agreed and the GST bill will be implemented by July 1. Soon after the announcement major Logistics' stocks were buzzing on bourses. Gati was up by 8.2%, Snowman Logistics was up by 7.2%, VRL Logistics was up by 5.9% and Transport Corporation was up by 5.1%. Gati closed at Rs 129.7 per share, up by Rs 6.3 or 5.1%.
 
Manali Petrochemicals spiked by 12.4% in the BSE Small-cap index as government is likely to levy anti-dumping duties of upto USD 135.4 per tonne on imports of a chemical used in foam making, which comes from Thailand. The stock closed at Rs 41.4 per share, up by Rs 5.9 or 16.7%.    
 
Transformers and Rectifiers India is having a profitable day on the bourses. The stock of the company has zoomed 8% intraday. The stock closed at Rs 399.3 per share, up by Rs 7.3 or 1.8%.    
 
Bajaj Finserv Limited touched its record 52-week high of Rs 4005 per share, up by Rs 183.8 per share or 4.8%. The stock closed at Rs 3976 per share, up by Rs 139.4 or 3.6%.

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