Sensex cautious on weak global cues; TCS cracks 5%
What's the story
Despite positive macroeconomic data and the appreciating rupee, the BSE Sensex turned choppy on tepid cues from overseas market. The 30-share barometer rose 44.58 points to 33,962.52, registering a growth of 0.13%, in the early session. However, a weak trend in other Asian markets following a negative lead from Wall Street restricted the gains. Here are more details.
Growth
NSE Index registers a growth of 0.18%
The gauge rallied 610.80 points in the previous session, logging its biggest single-day gain in two years. Sectoral indices led by consumer durables, capital goods, realty, bankex, oil & gas, PSU, FMCG, healthcare, and auto were trading in the green, rising up to 0.66%. The NSE index Nifty also climbed 19.65 points to 10,441.05, a growth of 0.18%.
Profit and loss
Wipro, Airtel major gainers; TCS, Coal India top losers
Major gainers were Wipro, Bharti Airtel, SBI, Sun Pharma, rising up to 2.15%. While TCS, Coal India, and NTPC were the top losers. Shares of TCS cracked nearly 5% after Tata Sons yesterday sold 1.48% stake in its flagship IT services firm to raise Rs. 8,127 crore. Industrial production expanded to 7.5% in January while retail inflation eased to 4.4% in February.
Buying and Selling
FPIs buy Rs. 374cr shares; DIIs sells Rs. 464cr
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs. 374.65 crore while domestic institutional investors (DIIs) sold shares worth Rs. 464.59 crore yesterday, provisional data showed. Overseas, most Asian stocks were trading lower following a fall in US stocks as focus turned to a US inflation report due today for clues on the pace of US Fed policy tightening.