Sensex, Nifty Report Biggest Monthly Decline In Two Years
Indian equity benchmarks ended lower for the second day, posting its biggest monthly decline in two years, weighed by banking shares.
The S&P BSE Sensex Index closed 0.6 percent lower at 34,150.12. The benchmark fell nearly 5 percent this month, the biggest monthly decline since February 2016. The NSE Nifty 50 Index ended at 10,488.35, down 0.6 percent. The 50-stock index fell 4.9 percent during the month of February, the biggest monthly decline in two years.
The market breadth was tilted in favour of sellers. Fourteen out 19 sectoral gauges compiled by BSE slipped, led by S&P BSE Metal Index’s 1.2 percent decline. On the flipside, S&P BSE Information Technology Index was the top sectoral gainer, up 0.9 percent.
April-January Budget Deficit Reaches 113.7 Percent Of FY Target
- Apr-Jan Fiscal deficit at Rs 6.77 lakh crore versus Rs 5.95 lakh crore revised estimates for FY18.
- Apr-Jan revenue deficit at Rs 4.80 lakh crore versus Rs 4.44 lakh crore revised estimates for FY18.
Cadila Receives Regulatory Nod For Dexmedetomidine Hydrochloride Injection
Zydus-Cadila received a green signal from the U.S. drug regulator for its Dexmedetomidine Hydrochloride Injection used for sedation of non-intubated patients prior surgical procedures, according to its stock exchange notification.
Block Deal Alert
- Punjab National Bank: About 12 lakh shares changed hands in a block deal.
- Bharat Petroleum: About 22.8 lakh shares changed hands in a single block deal.
- Jindal Steel: About 17.9 lakh shares changed hands in a block deal.
Buyers and sellers were not known immediately.