The stock market remained directionless in noon trade, with the Nifty50 hovering around 8700 as investors remained on the sideline after pricing in Union Budget. Corporate earnings and RBI policy are next key events.
Asian Market Updates: All the global indices are moving down with heavy losses. Nikkei dropped 233 points at 18914, Hang Seng has lost 155 points at 23162 and Taiwan Index is 18 points down at 9428.
Top Gainers: Idea Cellular, Bharti Airtel, NTPC, Axis Bank, BPCL
Top Losers: Hindalco, M&M, IndusInd Bank, Bosch, ACC
Stocks In News Today
Mahindra & Mahindra: Mahindra & Mahindra (M&M) today reported 10% decline in total sales at 39,303 units in January. The company had sold 43,789 units in the corresponding month last year. Hero MotoCorp reported sales of 4,87,088 units for the month of January 2017 against 563,348 units sold in the same month last year.
Apollo Tyres: Apollo Tyres posted 6% enhance in consolidated net profit to Rs 296 crore for the December quarter, riding on strong sales across domestic and overseas markets. The company, had reported net a profit of Rs 279 crore for the same period of last fiscal.