Stock Tips Tomorrow- Nifty closes at 10,666, Sensex Ends 309 Points Down; Airtel tops

Domestic equity benchmarks ended Monday’s session in the red on caution that Union Budget could push up inflation and prompt the RBI to raise interest rates soon, along with global sell-off and rising volatility.

The Nifty50 index closed 94 points, or 0.87%, down at 10,667, with 24 stocks in the green and 26 in the red.  The BSE Sensex settled 310 points, or 0.88%, down at 34,757 on Monday. 

During the afternoon hours, the Sensex plunged 545.95 points to hit a day’s bottom at 34,520.8 while Nifty shed 173.8 points to hit a day’s low of 10,586.80.

Seven out of eleven sectoral indices of NSE concluded in negative zone with Nifty Bank, Nifty Financial Service, and Nifty Pvt Bank index plunging the most while Nifty PSU Bank, Nifty Pharma and Nifty Auto ended in positive territory.

Major movers & Shakers on NSE: Bharti Airtel (+4.98%), Tata Motors (+3.71%), Bosch (+2.70%). Losers: HDFC (-4.14%), L&T (-3.40), IndusInd Bank (-2.63%).

Winners & Losers on BSE: – Shares of Bharti Airtel, Tata Motors, Power Grid, ITC, Sun Pharma, Coal India, and Maruti Suzuki come out as the major movers among the Sensex constituents rising 1 to 5 percent. On the other hand, HDFC, Larsen and Toubro, Kotak Bank, IndusInd Bank, Bajaj Auto lost the most, followed by Adani Ports, Yes Bank, ONGC, HDFC Bank, TCS, HUL, Mahindra and Mahindra, ICICI Bank lost up to 4.1 percent.

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