Sensex falls 406 points to open at 50,439; Nifty at 14,977 slips 102 points dragged by banks & financials.
A 5-basis point cut in the interest rate for a home loan of Rs 10 lakh of 20 years brings down the cost of the loan by Rs 7,113 and EMI by Rs 30.
Bajaj Consumer, BASF, Gateway Distriparks, Himatsingka, Kalpataru and Prism Johnson show triggers of change.
Keval Bhanushali, CEO of Marwadi Shares & Finance, shares investment insights
28 of 30 Sensex stocks opened in the red.
73 of Nifty Midcap 100 stocks touched their 52 weeks high in the first two months of 2021.
Tata Steel rallied over 5%. Bajaj Finserv, Reliance Industries, Bajaj Finance all ended with gains of 4.5% on the Sensex.
Benchmark equity indices BSE Sensex and NSE Nifty surged over 2% on Wednesday following firm global cues and sustained inflows by foreign institutional investors (FII). Easing US Treasury yields further fuelled demand for riskier assets. The 30-share index Sensex closed 1,147 points up at 51,444, while the 50-share Nifty index settled 318 points up at […]
The price band for the issue is fixed at Rs 186-187 per share.
In opening trades Sensex jumped 440 points to open at 50,737 while the Nifty opened at 15,064 gaining 145 points.