Highlights for Today
Market Outlook for the day – Nifty has crucial support at 6150-6180 zone and closing below that zone may attract fresh selling pressure.
TVS Motor’s total sales rose 7% to 1.77 lakh units in February 2014 over February 2013.
Voltas rose 1.16% on BSE after the firm reported on 28th Feb that it has executed a JV pact with Dow Chemical Pacific (Singapore) Pte, for establishing a JV firm in India, to tap the growing water and waste water treatment market in the country.
L&T’s Transportation Infrastructure Business has secured a prestigious International order worth Rs 1550 crore in Oman.
Jaiprakash Power Ventures slumped 15.5% on BSE after the company said on 1st March that its board approved selling two operational hydro-power plants to a consortium led by Abu Dhabi National Energy Company.
Bajaj Auto's total motorcycle sales fell 6% to 2.73 lakh units in February 2014 over February 2013. Total commercial vehicles sales fell 3% to 39,971 units in February 2014 over February 2013.
Key benchmark indices edged lower on the first trading session of the week as stocks fell across the world on geopolitical worries over Ukraine and as a measure of Chinese manufacturing slipped. Gains in crude oil prices also weighed on the sentiment on the domestic bourses. Market extended losses and hit fresh intraday low in mid-afternoon trade. Weakness continued in late trade. BSE Sensex, fell below the psychological 21,000 mark. The market breadth, indicating the overall health of the market was negative.