Share market finished the trading session red for a second consecutive day. BSE Sensex slips by 162 points and NSE Nifty lower by 61 points. Losses where largely seen in FMCG stocks and Bank stocks (ICICI, Axis bank, Yes bank, HDFC)
Information technology stocks have some gains. The stock of India’s second largest IT Company Infosys raising as much as 1.95% and Wipro as 0.36% and they are emerged as a notable gainer. Information Technology market marking a continuity in its upward trend for March.
In Banking, SBI revises its interest rates for deposits with effect from today depending on time period and amount of deposits. This indicates a possibility of a rise in SBI value for tomorrow’s market
HUL stocks face commensurate reduction in prices because of their anti-profiteering complaints and they are being investigated and clarified by Directorate General of Safeguards within short span of time. Market watchers were also cautious ahead of GDP data due to be released today.