L&T, Engineers India, IRB Infra & VA Tech Wabag have strong balance sheets, beside good earnings visibility. And this makes them a favourite amongst the trader community.
DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
The shares could continue to see outperformance if the Budget assumptions are proved correct
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
A rebounding and steady market is a good time to weed sectors and funds that tend to drag the portfolio.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a loss of 490.52 points or 1.71 per cent.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
Can the poll outcome be a trigger for a meaningful correction?
The index gained 572 points, or 2.4 per cent, this week while the Nifty added 164 points, or 2.3 per cent
The Sensex ended in red on domestic concerns.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
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