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Wednesday 24 February 2016

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The market seems to be in a sluggish mode - 24 Feb 2016

Nifty Tips

The market seems to be in a sluggish mode ahead of February Future and Options (F&O) series expiry and Rail Budget tomorrow. The Sensex is down 127.39 points or 0.5 percent at 23282.79, and the Nifty slips 34.30 points or 0.5 percent at 7075.25. About 865 shares have advanced, 1480 shares declined, and 153 shares are unchanged.

Infosys, Axis Bank, SBI, Bharti Airtel and Maruti are top gainers while NTPC, Tata Motors, BHEL, HDFC and Bajaj Auto are losers in the Sensex.

Market sentiment is fragile on concerns related to developed market growth, widening credit spread and muted domestic corporate earnings, says Nirmal Jain, Chairman of IIFL.

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