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Sensex ends lower, Nifty below 11050 as investors await Budget

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SI Reporter  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

COMMENT Volatility could remain high in the next few trading sessions considering key events like the US Fed policy meet and Union Budget at home. The government is expected to present a balanced budget being its last full budget before general elections; however any negative surprise on the fiscal deficit target could dampen investor sentiments. Thus, we advise to remain selective in stocks and avoid over leveraging for the near term (Source: Jayant Manglik, President, Religare Broking) Sectoral Trend Top Sensex gainers and losers Market at close The Sensex and Nifty edged lower on Tuesday, tracking Asian peers, as investors booked profits in recent outperformers such as index heavyweight HDFC Bank Ltd, while caution prevailed ahead of the federal budget, due later this week.   The S&P BSE Sensex ended at 36,033, down 249 points while the broader Nifty50 index settled at 11,049, up 80 points Factbox: Expectations for India's 2018/19 budget   India's government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture, and a slew of incentives for businesses.   Handicapped by the chaotic roll out of a goods and service tax (GST) last year and a shock, overnight move to take high value banknotes out of circulation in late 2016, India's economy is expected to post growth of 6.75 percent in the 2017/18 fiscal year ending in March, which would be the slowest in three years. READ MORE SIPs: Investors better off with monthly investments as it's easy to track   As investor are increasingly looking at systematic investment plan (SIP) to invest in mutual funds, a few distributors and fund houses have started offering variants of SIP. LIC Mutual fund has started a daily SIP option with a minimum investment amount of Rs 300 a day.   HDFC Securities is offering the same for HDFC Mutual Fund at Rs 500 a day. SIP helps investors to make the most of market volatility by averaging the cost of investments and removing the need to time the market. READ MORE

The and ended lower on Tuesday, tracking Asian peers, as investors booked profits in recent outperformers such as index heavyweight HDFC Bank Ltd, while caution prevailed ahead of the federal budget, due later this week.

Asian stocks retreated from record highs after a selloff in Apple shares knocked Wall Street lower, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.5%.

Indian have been on a record-hitting run in recent weeks, boosted by a better-than-expected corporate earnings, government measures such as a cut in the goods and services tax for certain goods and a positive economic growth forecast.

Investors would also take cues from the federal budget, to be presented by Finance Minister Arun Jaitley on Thursday, as the government aims to woo back rural voters and small businesses ahead of state elections.

First Published: Tue, January 30 2018. 15:30 IST
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Sensex ends lower, Nifty below 11050 as investors await Budget

Catch all market action here

Catch all market action here
The and ended lower on Tuesday, tracking Asian peers, as investors booked profits in recent outperformers such as index heavyweight HDFC Bank Ltd, while caution prevailed ahead of the federal budget, due later this week.

Asian stocks retreated from record highs after a selloff in Apple shares knocked Wall Street lower, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.5%.

Indian have been on a record-hitting run in recent weeks, boosted by a better-than-expected corporate earnings, government measures such as a cut in the goods and services tax for certain goods and a positive economic growth forecast.

Investors would also take cues from the federal budget, to be presented by Finance Minister Arun Jaitley on Thursday, as the government aims to woo back rural voters and small businesses ahead of state elections.
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Business Standard
177 22

Sensex ends lower, Nifty below 11050 as investors await Budget

Catch all market action here

The and ended lower on Tuesday, tracking Asian peers, as investors booked profits in recent outperformers such as index heavyweight HDFC Bank Ltd, while caution prevailed ahead of the federal budget, due later this week.

Asian stocks retreated from record highs after a selloff in Apple shares knocked Wall Street lower, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.5%.

Indian have been on a record-hitting run in recent weeks, boosted by a better-than-expected corporate earnings, government measures such as a cut in the goods and services tax for certain goods and a positive economic growth forecast.

Investors would also take cues from the federal budget, to be presented by Finance Minister Arun Jaitley on Thursday, as the government aims to woo back rural voters and small businesses ahead of state elections.

image
Business Standard
177 22