Stock Nifty News of Budget Announcements By Monetary Solution 29 Feb 2016


Posted February 29, 2016 by monetarysolution

PSU banks gain on expectation of capital infusion from government.

 
NSE's sub-index for PSU banks rose nearly two per cent. SBI, Bank of Baroda, PNB gained between 1-2.5 per cent.9:29 a.m.: From the Nifty-50 basket of stocks, twenty eight were declining whereas twenty two stocks were advancing.BPCL, ITC, GAIL India, Bajaj Auto, Hero MotoCorp, Adani Ports, Cipla, Bosch, plan Cellular and geographical region Uniliver were among the losers, down 1.14-2 per cent every.

On the opposite hand, UltraTech Cement advanced over two per cent to Rs. 2,828 when UltraTech Cement on Sunday same it had united to shop for Jaiprakash Associates Ltd's cement plants for associate degree enterprise price of Rs. 16,500 crore.State Bank of Republic of India, Hindalco, Dr Reddy's Labs, Vedanta, ONGC and ICICI Bank were additionally among the gainers.

The Sensex and great edged lower in gap trades on weekday sooner than budget announcements for year 2016-17.The Sensex slipped the maximum amount as fifty nine points to hit low of twenty three,095.70 and great declined twenty four points to seven,006.
9:08 a.m.: Sensex advances eighty four points to twenty three,238 and great rises twenty one points to seven,050 within the pre-market session.9:00 a.m.: Rupee opens lower at sixty eight.69 per greenback against Friday's shut of sixty eight.62 sooner than Budget 2016
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Last Updated February 29, 2016