Business
Sensex down 78 points; auto stocks fall
Mumbai, Feb 26 : Ahead of Railway Minister Suresh Prabhu's maiden budget, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex) was trading 78 points or 0.27 percent down in the Thursday's pre-afternoon trade session.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the red. It was down 24.05 points or 0.27 percent at 8,743.20 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,051.90 points, was trading at 28,930.36 points (10.40 a.m.), down 77.63 points or 0.27 percent from the previous day's close at 29,007.99 points.
The Sensex had touched a high of 29,069.13 points and a low of 28,885.33 points in the intra-day trade so far.
Stocks of automobile, healthcare, capital goods, information technology (IT), bank and fast moving consumer goods (FMCG) came under heavy selling pressure.
Only metal index had made marginal gains in the day's trade so far.
The S&P BSE automobile index decreased by 150.61 points, followed by healthcare index which plunged 140.76 points, capital goods index was lower by 73.46 points, IT index fell by 64.51 points, bank index declined by 57.95 points and FMCG index was down 44.62 points.
However, metal index was up 1.17 points.
Railway Minister Prabhu will present his maiden railway budget in the Lok Sabha Thursday amid expectations that his proposals will re-energise one of the largest railroad networks in the world, while seeking to improve passenger amenities and safety.
6 hours ago
Former US Envoy Calls PM Modi's Visit to the US 'Very Positive' for Bilateral Relations
6 hours ago
New York City Health Commissioner Dr. Ashwin Vasan Resigns from Position.
7 hours ago
Trump Voices Concerns About Iranian Threats and Criticizes Harris on Border Policies.
7 hours ago
US President Joe Biden Meets Muhammad Yunus, Emphasizes Strong US-Bangladesh Partnership
7 hours ago
Kamala Harris Backs Ending Senate Filibuster to Restore National Abortion Rights
7 hours ago
Trump Proposes Tax Incentives and Deregulation for Companies Moving Operations to the U.S.
9 hours ago
Preity Zinta drops a heartwarming selfie with mom & adorable bunny
9 hours ago
New mother Yami Gautam's life lately is about colourful 'burp-clothes, sunshine & trees'
9 hours ago
Hema Committee repercussions: AMMA's ex-General Secretary Edavela Babu arrested, released on bail
9 hours ago
Congress had handed over Haryana to 'dalal' and 'damad', says PM Modi at Gohana rally
9 hours ago
TN: Six Bangladeshi nationals without proper documents arrested in Tiruppur
9 hours ago
Andhra Pradesh CM Relief Fund gets Rs 400 crore donations to support flood victims
9 hours ago
Petrol, diesel prices may see a cut after Oct 5: Report