Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Needmore seats to Win
Needmore seats to Win
2-min read

Sensex Remains Weak Ahead of GDP Data

Market remained on the backfoot for the second straight session on Tuesday ahead of release of GDP data as the Sensex slipped another 70 points to 28,743.

Press Trust Of India

Updated:February 28, 2017, 4:50 PM IST
Sensex Remains Weak Ahead of GDP Data
Image for representation.(Getty Images)
Mumbai: Market remained on the backfoot for the second straight session on Tuesday ahead of release of GDP data as the Sensex slipped another 70 points to 28,743.

Investors waited for the December quarter GDP data to find out if demand took a knock following Prime Minister Narendra Modi's surprise decision to recall high-value currency notes in November last year.

The growth numbers are scheduled to be released after market hours.

The 30-share index, which had lost 80.09 points in the previous session, fell further by 69.56 points or 0.24 per cent to 28,743.32 after shuttling between 28,876.54 and 28,721.12.

The broader NSE Nifty eased by 17.10 points, or 0.19 per cent to close at 8,879.60. It moved between 8,914.75 and 8,867.60 intra-day.

Caution is in the air as market players tracked the much-awaited US President Donald Trump's address to the Congress later in the day, which can throw light on tax reforms and infrastructure spending.

Another record closing on the Wall Street on Friday and a firm trend in Asia kept mood positive.

Idea Cellular managed to close higher after falling nearly 6.5 per cent in early trade following reports that Providence Equity Partners is likely to exit the telecom firm by selling its 3.33 per cent stake.

However, some action was witnessed in broader markets, with the smallcap index rising by 0.59 per cent and mid-cap 0.14 per cent.

Stocks of automobile companies such as Bajaj Auto, Hero MotoCorp, Maruti Suzuki and Tata Motors saw selling activity and lost up to 1.56 per cent ahead of monthly sales figures for February to be released on Wednesday.

Coal India, NTPC, TCS, ICICI Bank, ITC Ltd, ONGC, Axis Bank, PowerGrid and HDFC were other laggards.

However, buying in select stocks such as Bharti Airtel, Asian Paints, Adani Ports, M&M, Lupin, Sun Pharma, Tata Steel, SBI and Infosys capped the downside.

Foreign capital outflows also affected market sentiment.

Foreign funds net sold shares worth of Rs 145.55 crore yesterday, as per provisional data.

Other Asian markets ended mixed as key indices like Hong Kong and Singapore fell while Japan's Nikkei and the Shanghai index moved up.

In Europe, London' FTSE, Paris CAC 40 and Frankfurt lost in their early session.

In the domestic market, 20 scrips out of the 30-share Sensex ended lower.

Oil and gas fell 1.34 per cent, followed by PSU, FMCG, IT and auto. Realty, capital goods, metal and power went up by up to 1.44 per cent.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Huma Tabassum
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results