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Indian stock markers trading in red post Budget day, Sensex down over 500 points

March 3rd, 2008

Farming, Education and Health care are the biggest sectors that would be winning because of the recent budget and hence the trading day today at the stock markets is witnessing the bias. Sensex is down by about 500 points and Nifty is down near 150 points.

Nifty is down over 3%, CNX IT is down 3.11%, Bank Nifty is down 4.18%. Selling is seen across the board without any market cap differentiation. Auto sectoral index is in green on the BSE while all other sectoral indices are in the red.

Maruti, M&M, Hero Honda, Bajaj Auto, Tata Motors are in the green while big losers of the day so far include Punjab National Bank, State Bank of India, ITC, Suzlon, ABB, Wipro, ICICI Bank, BHEL, HCL Technologies and Tata Communications

Entry Filed under: Equity Markets, BSE, NSE, Opening trade