Thursday, February 28, 2013

Market outlook today || nifty and BSE negative on budget



Share market update, bank nifty update, infra stock, budget outlook on market, what will effect of budget in reality and IT sector, pharma stock update.
 
Nifty and BSE slip down after budget reaction, nifty close on 5693 with 103.85 point, BSE sensex slip down 290.87 point strong negative response seen in the Indian market.

Infra stock update:

Today close 3% down side bharti airtel looked positive , jp ssociate slip 3.5%,  jsw power, adani p[ower, Reliance comm., slip down 10% to 6%.

Metal and auto stock:

Metal atock, auto stock close on 3% to 1% down today, sesa goa, jindal steel, hindalco, tata steel, sail slip down 4% to 3.7%.

Bank nifty stock update:

Bank stock loss up to3.5% today, sbi ,union bank,  bank of baroda, pnb most losers today.

As expected from budget all sector will reform after budget, so trader can make position for buying.


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