The market gained positive momentum for the second consecutive session on Tuesday, especially post Union Budget. The 50-share NSE Nifty surpassed another milestone, the 9000-mark led by Reliance Industries, TCS and HDFC.
TCS, Reliance were top contributors to Nifty gain today. Cipla, Bajaj Auto and HDFC were other gainers in the Sensex. Losers include Coal India, MM, Axis Bank, Tata Motors and NTPC.
Reliance, TCS, Sun Pharma, Cipla and Dr Reddy's Labs are top gainers in the Sensex. Among losers in the Sensex are Coal India, MM, Axis Bank, Tata Motors and BHEL.
The market remained rangebound in noon trade with the Nifty consolidating around 8950 level. Healthcare, oil, technology and metals stocks gained while capital goods, FMCG and select banks were under pressure.
TCS, Sun Pharma, Reliance, Dr Reddy's Labs and Wipro are top gainers in the Sensex. Among the losers are MM, Axis Bank, Tata Motors and BHEL.
TCS and Reliance Industries topped the buying list on Sensex and were also the major contributors to Sensex' gains, rising 2 percent each. HDFC, Sun Pharma, Wipro, Dr Reddy's Labs, Sesa Sterlite and Bajaj Auto gained 1-1.7 percent.
Sun Pharma, HDFC, TCS, Reliance and Cipla are top gainers in the Sensex. Coal India tanks 5 percent, while MM, Tata Motors, Axis Bank and ITC are laggards.
Meanwhile, FMCG index was dragged heavily by ITC which lost 5 percent at close. The stock was still reeling under excise duty hike on cigarettes proposed by the FM. Most brokerages have downgraded the stock and recommend selling it.
Shares of GMR Infra slipped 7 percent intraday. The board has agreed to raise Rs 1401.83 crore via rights issue. Issue price is finalised at Rs 15 per equity share. Earlier in July, the Bengaluru-based infrastructure had raised Rs 1477 crore through issuing shares to qualified institutional investors.
Bajaj Auto falls 4 percent on weak auto sales number in February. It reported a 21 percent decline in motorcycle sales at 2,16,077 units in February 2015. The company had sold 2,73,323 units in the year ago period.
Axis Bank, LT, Cipla, BHEL and HDFC Bank are top gainers in the Sensex. Among the losers are Bajaj Auto, ITC, Tata Motors, GAIL and Tata Power.
Axis Bank continues to gain. Credit Suisse says this Budget provide more reason to be overweight on private banks. With FII and FDI limits being merged the foreign limit for private banks will go upto 74 percent and key beneficiaries will be Axis and YES Bank.
Axis Bank, LT, HDFC twins and BHEL are top gainers in the Sensex. ITC is still down 3 percent while GAIL, Wipro, Tata Power and Sesa Sterlite are among the losers.
Axis Bank, ICICI Bank, SBI, ONGC and HDFC Bnak are top gainers while Tata Power, ITC, Bharti Airtel and TCS are major laggards in the Sensex.
An excise duty hike by 15 percent for cigarettes took a toll on index heavyweight ITC, knocking off some 9 percent intraday. Not only that, the government has also proposed an excise duty raise by 25 percent for 65mm cigarettes and on tobacco increased to Rs 70/kg from Rs 60/kg
Shares of Nucleus Software Exports climbed 14 percent intraday Tuesday on collaboration with Red Hat, the world's leading provider of open source solutions.
Investors lapped up more shares of Nectar Lifesciences on Tuesday after the hearlthcare firm has received approval from European cGMP for Cephalosporin APIs' manufacturing facility in Dera Bassi, Punjab. The stock rallied 15 percent intraday. cGMP is current good manufacturing practices.
Investors bought more shares of Ramco Systems on Tuesday as the software solutions company received order from Vietnam-based helicopter services provider. The stock gained 14.4 percent to hit a life high of Rs 715.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have TVS Motor, Jubilant Life Sciences, Hotel Leela, ITNL, Gayatri Projects, TTK Prestige, Sanghvi Movers and NMDC.
ILFS Transportation Networks' shares jumped 4 percent intraday on Tuesday on getting letter of award for development of 8 rail overbridges in Gujarat.
Shares of TVS Motor Company climbed 8.2 percent intraday Tuesday on reporting a 15.14 percent growth in sales numbers in February.
Shares of Natco Pharma gained 8.5 percent intraday on Tuesday on tie up with American biotechnology company for selling hepatitis C medicines.
Shares of Coal India fell as much as 5.7 percent intraday Tuesday as the stock adjusted for dividend announced last month.
The Montelukast Sodium Chewable Tablets, 4 mg and 5 mg are generic version of Singulair Chewable Tablets (of Merck), which is used for the treatment of asthma and to relieve symptoms of seasonal allergies.
As part of the restructuring programme, the company has embarked on an asset light strategy to pare down its debt and has appointed JM Investment Banking as its financial advisor. As part of this process, expressions of interest are being invited for The Leela Goa and The Leela Palace Chennai.
Exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
On March 2, 2015 Janus Contrarian Fund sold 10,00,000 shares of Ipca Laboratories at Rs 662.
On March 2, 2015 Eversight Tradecomm Private Limited sold 11,62,506 shares of Lakshmi Vilas Bank at Rs 97.31.
On March 2, 2015 Citigroup Global Markets Mauritius Private Limited sold 36,42,693 shares at Rs 80.86 on the NSE and sold 58,38,092 shares at Rs 80.98 on the BSE.
On March 2, 2015 Clearwater Capital Partners Singapore Fund III Private Limited FD sold 10,00,000 shares of Oricon Enterprises.