The BSE benchmark Sensex gave up the gains to end the unfavorable terrain of 600-point.
The sentiment of investors got hurt when Pakistan fighter jets violated Indian air space in Jammu and Kashmir’s Poonch and Nowshera sectors.
The officials said inflation had remained warm and global among the Emerging Markets for preferred investment destination.
The BSE benchmark Sensex gave up the gains to end the unfavorable terrain of 600-point swing amidst the rise in cross-border tension.
The sentiment of investors got hurt when Pakistan fighter jets violated Indian air space in Jammu and Kashmir‘s Poonch and Nowshera sectors.
Opened with a positive note, 600 points were gained in the 30-share Sensex, but later it turned volatile triggered by participants. Finally, 68.28 points or 0.19 percent, lower at 35,905.43 was decided as the settlement point.
Similarly, the 50-share Nifty ended 28.65 points, or 0.26 percent, lower to 10,806.65.
The officials said Inflation had remained warm and global among the emerging markets for preferred investment destination.
Pakistan claimed that it shot two Indian military aircraft over Pakistan air space and arrested one of the pilots. Later that day Pakistan did try to counter India’s operations but failed miserably.
The Indian Air Force on February 26 struck Jaish-e-Mohammed’s (Jem) camp in Pakistan killing nearly 300 terrorists.
According to provisional data, the domestic investors sold worth Rs 720.27 crore, whereas Foreign institutional investors (FIIs) bought shares worth Rs 1,674.17 crore.
In the Sensex as per the reports on February 27, Tata Motors was the top loser at 3.01 percent, followed by Vedanta shedding 2.92 percent.
The rests who lacked at 1.77 percent comprised of HUL, Kotak Bank, NTPC, Infosys, HDFC Bank, Bajaj finance, Hero MotoCorp, ICICI Bank, Yes Bank, HDFC, IndusInd Bank and PowerGrid.
However, Bharti Airtel, Bajaj Auto, L&T, Sun Pharma, Axis Bank, TCS, M&M, Maruti Suzuki, Coal India, SBI, ITC, Tata Steel, ONGC, HCL tech, RIL and Asian Paints, graded up to 2.43 percent higher.
The BSE consumer durables were the worst performer that fell to 0.70 percent, followed by power 0.45 percent, bankex 0.44 percent, metal 0.42 percent, teck 0.38 percent, FMCG 0.35, IT 0.30 percent and oil & gas 0.17 percent.
Whereas, capital goods topped and rosed to 1.13 percent. healthcare, auto, Infrastructure, realty and PSU indices too ended higher with gains up to 0.31 percent.
Other parts in and around Asia, Hong Kong‘s Hang Seng fell 0.05 percent, Singapore’s Straits Times down 0.36 percent, Taiwan index fell 0.02 percent.
Whereas Shanghai Composite rose to 0.42, and Japan’s Nikkei gained 0.50 percent. Frankfurt’s DAX fell to 0.72 percent, Paris CAC 40 shed 0.32, and London’s FTSE too fell 0.81 percent.
