Stock Trading - Budget Day After Nearly 850-Point Swing By CapitalHeight

Stock Trading News :- Capital goods and IT indices fell over 2 per cent each. From the capital goods space, BHEL, Kalpatru Power, Mahindra CIE, Larsen & Toubro, Solar Industries and Sterlite Technologies were among the losers.3:13 p.m.: ONGC was the top loser in the Nifty, the stock fell 9.8 per cent to Rs. 194.90 after the government increased oil industries development cess on domestically produced crude oil to 20 per cent from existing Rs. 4,500 million tonnes. Maruti Suzuki, BHEL, Cairn India, Infosys and Axis Bank were also among the losers, down 3-5 per cent each.3:05 p.m.: The market breadth is negative as 1,313 stocks decline while 1,053 stocks advance.2:55 p.m.: The volatile stock markets which recovered in the noon deals were again witnessing selling pressure. The BSE Sensex was down 131 points at 23,023 and Nifty fell 36 points to 6,993.2:41 p.m.: IDBI Bank shares rallied as much as 16.5 per cent to Rs. 64.80 after the finance minister proposed to cut government's stake in the bank in the Union Budget 2016.2:24 p.m.: The stock markets turned flat. The Sensex was up 12 points at 23,166 and Nifty was up 9 points at 7,039.2:09 p.m.: From the metal space, Tata Steel was the top gainer, up 3.86 per cent to Rs. 258. Vedanta, JSW Steel, NMDC, SAIL India, Nalco and Jindal Steel were also among the gainers.

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