Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Selling intensifies; Nifty slides below 14,600
  • February 26,2021  13:35
  • The equity barometers tumbled further in afternoon trade. The Nifty fell below the 14,600 mark. A spike in domestic and global bond yields coupled with rising coronavirus cases spoiled investors' appetite for risk assets.

    At 13:20 IST, the barometer index, the S&P BSE Sensex, slumped 1,710.20 points or 3.35% at 49,329.11. The Nifty 50 index tanked 512.90 points or 3.40% at 14,584.45.

    HDFC Bank (down 4.66%), HDFC (down 4.69%) and ICICI Bank (down 5.50%) were major drags.

    In the broader market, the S&P BSE Mid-Cap index declined 1.81% and the S&P BSE Small-Cap index lost 1%.

    Sellers outnumbered buyers. On the BSE, 899 shares rose and 1,897 shares fell. A total of 152 shares were unchanged.

    The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday.

    Foreign portfolio investors (FPIs) bought shares worth Rs 188.08 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 746.57 crore in the Indian equity market on 25 February 2021, provisional data showed.

    COVID-19 Update:

    Total COVID-19 confirmed cases worldwide stood at 11,30,02,186 with 25,07,624 deaths. India reported 1,55,986 active cases of COVID-19 infection and 1,56,825 deaths while 1,07,50,680 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.

    Gainers & Losers:

    NTPC (up 0.14%) and Sun Pharmaceutical Industries (up 0.06%) were top gainers in Nifty 50 index.

    Mahindra & Mahindra (M&M) (down 5.54%), Axis Bank (down 5.49%), Kotak Mahindra Bank (down 5.39%) and Bajaj Finserv (down 5.26%) were major losers in Nifty 50 index.

    Stocks in Spotlight:

    Dilip Buildcon advanced 2.32% after the company said it has been declared as lowest (L-1) bidder for two new projects aggregating to Rs 2,241 crore in Tamil Nadu and Puducherry.

    Natco Pharma rose 0.33%. The drug maker on Friday announced the launch of brivaracetam tablets under brand Brecita in India. Brivaracetam is indicated towards treatment of epilepsy. The product is developed by UCB Pharma and currently marketed in India by Dr Reddy's Laboratories under brand name Briviact. Brecita tablets will be available in two strengths of 50 mg and 100 mg at significantly lower MRP prices of Rs 25 and Rs 35 per tablet, respectively. Epilepsy patients in India is estimated to be between 5-10 million, as per GEMIND guidelines.

    Global Markets:

    Shares in Europe and Asia slumped on Friday as global markets were roiled by a sudden spike in bond yields, which sent investors fleeing highly valued segments of the market.

    Japan's industrial output rose for the first time in three months in January. Official data released on Friday showed factory output advanced 4.2% in January, boosted by sharp rises in production of electronic parts and general-purpose machinery, as well as a smaller increase in car output.

    U.S. stocks dropped sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names.

    The major averages tumbled as the 10-year Treasury yield soared as high as 1.6% in a sudden move that some described as a flash spike. The yield later settled back down to around 1.52%, its highest level since February 2020.

    The US economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any year in the past seven decades. The 4.1% gain in the gross domestic product — the broadest measure of economic health - is a slight upward revision from 4% growth in the first estimate released a month ago, the Commerce Department reported Thursday.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory