Nifty holds 8850 amid volatility; Bharti Airtel, ITC drag - Update By Money Maker Research

Equity benchmarks were off day's high in morning, weighed by banking & financials, telecom and select FMCG & technology stocks. However, Reliance and Tata Motors continued to support the market. BSE Sensex has dropped 26 points at 28635 while Nifty is 6 points down at 8872. BSE Small Cap is 67 points up at 13657 while BSE MidCap has hiked 67 points at 13582.

Asian Market Updates: In Asian Market, Japan's Nikkei has rose 130 points up at 19381 while Hong Kong's Hang Seng slipped down 121 points at 24024 and Shanghai Composite is live at 3249 with minor hike of 9 points. 

  Top Gainers: Tech Mahindra, Yes Bank, Axis Bank, HCL Tech, BPCL 

  Top Losers: Bharti Infratel, Bharti Airtel, ITC, Zee Entertain, Ambuja Cements

Indian Stock Market Update By Money Maker Research

Indian Stock Market Update

Equity Benchmark indices continued to fall amid consolidation in morning, dragged by profit booking ahead of outcome of two-day monetary policy committee due tomorrow. The 30-share index BSE Sensex has dropped down 59 points at 28379 and 50-share index has lost 19 points at 8781. The BSE Midcap and Smallcap indices were up 0.4 percent each on positive breadth. BSE Small Cap was 48 points up at 13588 while BSE MidCap was 21 points up at 13452. About 1241 shares advanced against 892 declining shares on the exchange.

Top NSE Gainer's: BHEL, Bharti Infratel, BPCL, Kotak Mahindra, Asian Paints 

Top NSE Loser's: Tata Motors (D), Tata Motors, Zee Entertain, ACC, Bosch

Latest Commodity Market Update By Experts

Indian Stock Market is struggling between the gains and the losses. Sensex is 30 points down at 28196 and Nifty is 10 points down at 8723. Stock Market Telecom stocks are gaining grounds on bourses with major stocks in the index trading in green on the BSE. MTNL is up by 14.78%, RCom is up by 14.52% and Infratel is up by 3.87%. Infratel contributing 38% to the index gains. 

PRECIOUS METALS: Precious metals prices rose to an 11- week high on Thursday after the U.S. Federal Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the U.S. dollar.

ENERGY: Crude oil prices trade lower yesterday, giving back early gains as traders grew less concerned about tensions between the United States and Iran.

BASE METALS: Industrial metal prices traded mixed yesterday as Fed’s status quo in interest rates led to weakness in the DX in the earlier part. However, focus soon shifted to US nonfarm report due Friday.