Stock Market Today: Nifty, Sensex Rebound After Two-Day Drop Led By TCS, Tata Motors
Catch all live updates about Indian stock market here on Feb. 27.
KEY HIGHLIGHTS
Rupee Flat Against U.S. Dollar
The local currency closed flat at 82.90 against the U.S. Dollar.
Source: Bloomberg
Nifty, Sensex Rebound After Two-Day Drop Led By TCS, Tata Motors: Market Wrap
India's benchmark stock indices rebounded snapping two-day decline in a choppy trade session as Tata Consultancy Services Ltd., and Tata Motors Ltd rose.
Today, the NSE Nifty 50 settled 76.30 points or 0.34% higher at 22,198.35, and the S&P BSE Sensex 305.09 points or 0.42% higher at 73,095.22.
Intraday, the NSE Nifty 50 rose 0.43% or 96.20 points to 22,218.25, and the S&P BSE Sensex gained 0.51% to 371 points to 73,161.30.
"The Indian market saw marginal gains in cautious trade on Tuesday ahead of crucial US inflation and GDP readings,"Avdhut Bagkar, technical and derivatives analyst, StoxBox.
From the market perspective, investors largely stayed cautious ahead of some key US economic data, including a report on consumption expenditure and the domestic market expiry of February's series of derivative contracts due this week, Bagkar said.
Tata Consultancy Services Ltd., Tata Motors Ltd., Bharti Airtel Ltd., Larsen & Toubro Ltd. added to the benchmark index.
State Bank of India, Bajaj Finance Ltd., HDFC Bank Ltd., Axis Bank Ltd., and Reliance Industries Ltd. limited gains to the index.
On NSE, six out of 12 sectors ended higher, and six ended lower. The Nifty realty rose over 1% to become the top performer, while the Nifty Oil & Gas index declined 0.75% to become the worst performer among sectoral indices.
Broader markets underperformed benchmark indices. The S&P BSE Midcap fell 0.10%, and the S&P BSE Smallcap fell 0.25%.
On BSE, 11 sectors advanced, and nine declined. The S&P BSE Consumer durables rose the most among sectoral indices, and the S&P BSE oil and gas fell the most.
The market breadth was skewed in favour of the sellers. About 2,276 stocks declined, 1,560 gained, and 93 remained unchanged on the BSE.
Marico Declares Interim Equity Dividends
Marico has declared interim equity dividend of Rs 6.5 per share.
Source: Exchange Filing
Supreme Court On Patanjali Ayurveda's 'Misleading' Advertisements Dispute
We will impose a complete ban on Patanjali advertisements henceforth, said Supreme Court
Supreme Court says that the entire country is being taken for a ride.
Supreme Court questions the AYUSH ministry as to what steps have been taken so far.
This is a very serious issue, says Supreme Court.
Source: Supreme Court Proceedings
