Sentiments remain cautious ahead of Union Budget - LuvKush Finserve

Markets ended lackluster trading session on a flat note on Friday as sentiments remained cautious ahead of the Union Budget on February 28 and mixed cues globally. The BSE's 30-share index Sensex fell 8.35 points to end at 19,317.01 while the NSE's 50-share Nifty shed 1.95 points and ended at 5,850.30.

Real-estate, IT, healthcare, oil & gas and banking sectors gained while FMCG, autos, metal led drop on BSE. Among key Sensex stocks, Bharti Airtel gained 4.6%, Wipro and TCS rose 2.4% and 0.4% respectively, Bajaj Auto gained 0.7%, ICICI Bank rose 1.2%, Reliance Industries gained 0.7% on BSE.

Among losers, HUL and ITC declined 2.6% and 1.5% respectively, Sterlite and Hindalco Industries dropped nearly 1% each, SBI and HDFC Bank fell 0.6% while Maruti Suzuki ended down over 2% on BSE.

DLF touched a yearly high of Rs 281.80, before ending up 3% a Rs 281 after the management announced its intention to reduce its debt by half to Rs 11,000-12,000 crore over the next 2-3 years. The broader markets ended flat too with mid-caps and small-caps inching up by 0.1% on BSE.

Source : Equity Bulls

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