You are here: Home » Markets » News
Business Standard

Sensex ends lower, Nifty below 11050 as investors await Budget

Catch all market action here

SI Reporter  |  New Delhi 

The Sensex and Nifty 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 markets 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 ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Exclusive invite to select Business Standard events.

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Sensex ends lower, Nifty below 11050 as investors await Budget

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)

Sensex ends lower, Nifty below 11050 as investors await Budget

Sectoral Trend

Sensex ends lower, Nifty below 11050 as investors await Budget

Top Sensex gainers and losers

Sensex ends lower, Nifty below 11050 as investors await Budget

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

Sensex ends lower, Nifty below 11050 as investors await Budget

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

Sensex ends lower, Nifty below 11050 as investors await Budget

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

Sensex ends lower, Nifty below 11050 as investors await Budget

Indian Oil gains 5% on 1:1 bonus, interim dividend of Rs 19 per share   Indian Oil Corporation (IOCL) gained 5% to Rs 419 on BSE in intra-day deal after the company’s board recommended bonus shares in the ratio of 1:1 i.e. one equity share for one exiting equity share held.   The board also declared an interim dividend of Rs 19 per equity share on face value of Rs 10. It fixed February 9, 2018 as the ‘record date’ for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend.   The state-owned oil marketing company has reported nearly doubled standalone net profit at Rs 78.83 billion for the quarter ended December 2017 (Q3FY18). READ MORE

Sensex ends lower, Nifty below 11050 as investors await Budget

No tax relief, spending spree due in last budget before elections: Poll   India is expected to unveil only modest stimulus at this week's budget, a Reuters poll of analysts showed, despite it being the last before the next election, with government spending likely limited by longer-term efforts to trim the fiscal deficit.   The latest Reuters poll shows the government is expected to delay the timeframe for hitting that target by another year, for the third year in a row, due to setbacks in the economic outlook.   The median forecast from over 40 economists polled Jan 24-29 was for India's government to borrow 3.2% of gross domestic product (GDP) in fiscal 2018-19. READ MORE

Sensex ends lower, Nifty below 11050 as investors await Budget

Market Check S&P BSE Sensex 36,059.11 -0.62%   Nifty 50 11,048.20 -0.74%   S&P BSE 200 4,832.99 -0.66%   Nifty 500 9,745.60 -0.75%   S&P BSE Mid-Cap 17,554.11 -0.88%   S&P BSE Small-Cap 18,915.35 -1.12%

Sensex ends lower, Nifty below 11050 as investors await Budget

Two-wheeler major TVS Motor Q3 net up 16% to Rs 1.55 bn on strong sales   TVS Motor's Profit After Tax (PAT) rose 16.3 per cent to Rs 1.55 billion (Rs 155 crore) in the quarter ended December 2017, from Rs 1.33 billion (Rs 133 crore) in the corresponding quarter a year ago.   The company reported a revenue growth of 23.5 per cent for the quarter under review. Revenue excluding excise duty and GST grew to Rs 36.85 billion (Rs 3,685 crore) in the quarter ended December 2017 from Rs 29.84 billion in the year-ago quarter. READ MORE

Sensex ends lower, Nifty below 11050 as investors await Budget

17 stocks from BSE Smallcap index hit 52-week low; Bhushan Steel falls 16%   Bhushan Steel, Multi Commodity Exchange of India (MCX), Bank of Maharashtra, United Bank of India and Vivimed Labs were 17 stocks from the S&P BSE Smallcap index hitting their respective 52-week low on BSE in intra-day trade on Tuesday.   Bombay Rayon Fashions, CL Educate, D B Corp, Dynamatic Technologies, North Eastern Carriers, Sangam India, Sathavana Ispat and Uttam Galva Steels too hit 52-week low today. READ MORE

First Published: Tue, January 30 2018. 15:30 IST
RECOMMENDED FOR YOU

Sensex ends lower, Nifty below 11050 as investors await Budget

Catch all market action here

The Sensex and Nifty 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 markets 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 ...

image
Business Standard
177 22