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Railway Budget 2015: Sensex, Nifty in red; HDFC, TCS, Bharti gainers

HDFC, Sesa Sterlite, Bharti Airtel, TCS and ICICI Bank are top gainers in the Sensex. Among the losers are BHEL, Bajaj Auto, Sun Pharma, Hindalco and Coal India.

11:07

The News International Team

The market is still in red just an hour ahead of Rail Budget to be presented in the Parliament. The Sensex is down 88.28 points at 28919.71 and the Nifty is down 28.80 points at 8738.45. About 944 shares have advanced, 1263 shares declined, and 169 shares are unchanged.

HDFC, Sesa Sterlite, Bharti Airtel, TCS and ICICI Bank are top gainers in the Sensex. Among the losers are BHEL, Bajaj Auto, Sun Pharma, Hindalco and Coal India.

Railway stocks such as Titagarh Wagons, Kernex Micro & Hind Rectifers are in focus ahead the Rail Budget today. The market will be keenly watching the operating ratio target, capital outlay or capex and any change in passenger or freight rates.

Globally, Asia is mostly firm with the Nikkei at a 15-year high.

Asian shares prices held near five-month highs on Thursday after upbeat US housing and Chinese factory data, while the dollar nursed modest losses following Federal Reserve Chair Janet Yellen’s comments.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed near the five-month high hit on Wednesday while Japan’s Nikkei rose 0.2 percent. Asian shares prices held near five-month highs on Thursday after upbeat US housing and Chinese factory data, while the dollar nursed modest losses following Federal Reserve Chair Janet Yellen’s comments.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed near the five-month high hit on Wednesday while Japan’s Nikkei rose 0.2 percent.

10:00

Nifty slips ahead of F&O expiry, Rail Budget; Sesa gains

The market remained under pressure ahead of expiry of February derivative contracts and Railway Budget today. The Sensex declined 63.44 points to 28944.55 and the Nifty fell 17.40 points to 8749.85.

Read More »

09:15

Sensex, Nifty flat; rail stcks dip ahead of Prabhu’s speechRead More »

All rail stocks are under pressure as Suresh Prabhu prepares to read out Railway Budget at 12 pm today.

Read More »

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