Market Update

Market opens in red once again

The market opens lower once again. The Sensex is down 57.93 points or 0.2 % at 23591.29 and the Nifty is down 39.30 points or 0.5% at 7152.45. About 211 shares have advanced, 286 shares declined, and 24 shares are unchanged. 

Top gainers in Sensex

Bajaj Auto, Wipro and Reliance 

Losers in the Sensex.  

BHEL, Hindalco, L&T, Tata Steel and HDFC

Jet Airways rallies around 3%. Markets in Asia were mostly down because of the falling of Japanese market.Chinese markets starts the day with red, with the Shanghai composite down 0.38 % while the Shenzhen composite fell 0.20 %.

Oil prices were mixed overnight after government data showed a rise in US crude stockpiles, contradicting an earlier industry report that said inventories fell by 3.3 million barrels in the week to February 12.

Finance Minister Mr.Arun Jaitley may slash corporate tax rate by about 1% and he is likely to put an end date for certain exemptions availed by the industry, in his Budget for 2016-17, tax experts said.