Wednesday, 1 February 2017

Research Infotech Opening Bell - Sensex, Nifty Open Flat a day after Budget; M&M Falls 2%

The 30-share BSE Sensex was down 28.74 points at 28112.90 and the 50-share NSE Nifty fell 16.10 points to 8700.30. ITC, ICICI Bank, NTPC, SBI, ONGC, NTPC and BPCL gained further in early trade, up 0.5-2 percent while M&M fell 2 percent after a 10 percent decline in auto sales in January. Idea Cellular slipped further, down 1.7 percent on profit booking. Tata Motors, Aurobindo Pharma, Coal India, Hero Motocorp and Wipro were also under pressure. 
The Indian rupee gained in early trade today. It has opened higher by 4 paise at 67.44 per dollar. 
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