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Wednesday, February 4, 2015

Indian Stock indices decline on profit booking

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(4/2/2015 - StockInvestingtips bureau)- Both Benchmark Indian stock indices BSE's SENSEX and NSE's NIFTY index saw heavy stock selling today. Bull run of Indian stock markets looks over as RBI kept interest rates unchanged in it's latest policy review announcements.


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Bombay Stock Exchange's blue chip 30 component index ended below the 29k mark today. Index closed at 28883.14 pts, Down by 117 points. NSE's broader index NIFTy 50 also declining by 32.85 points at 8723.70 points today. Investor's booked profits gained from previous 2 week's of bull run. SENSEX has already lost close to 800 pts in last 4 trading sessions and the downward trend might continue till the budget presentation on 28th february, 2015. BSE's capital goods index led the list of losers as it fell by 1.88 percent today, followed by Banking index which fell by 1.23 percent today. It was followed by power, consumer durables and Auto sector in declining order today.

Foreign investors sold shares worth 264 crores today at BSE. 16 of 30 SENSEX components declined, while 14 witnessed net purchasing today.

SENSEX top 5 gainers today
1)Hindalco Industries
2)Tata Power
3)Sesa Sterlite
4)Coal India Ltd
5)ONGC ltd

SENSEX top 5 losers today:
1)Axis Bank
2)Bharat Heavy Electricals ltd
3)State Bank of India
4)Larsen and Toubro ltd
5)Tata motors ltd

HAPPY STOCK MARKET INVESTING!

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