Market end lower dragged by pharma shares after the government notified a ban on about 300 fixed dose combination (fdc) drugs. Sensex ended down 253 points at 24,551 and the Nifty50 closed 78 points lower at 7,461. Further, investors are keenly awaiting the outcome of the twoday US Federal Reserve policy meet which begins later today. The Consumer Price Index (CPI)- based inflation eased to a four-month low of 5.18% in February from 5.69% in January. On sectoral fron PSU Bank is the gainer followed by Nifty Metal and Nifty Bank. While Pharma sector was the loser followed by Nifty Media and Nifty FMCG. Shares of sugar manufacturers ended higher on the bourses in otherwise weak market. Dalmia Bharat Sugar and Industries, Dwarikesh Sugar Industries, Oudh Sugar Mills were up. Shares of Crompton Greaves tanked by over 70% as the company de-merged its consumer business from Tuesday. The prices reflect the market value for the firm’s power business alone.
Stock Intraday Tips Tomorrow
Buy EID Parry India above 204 level targets are 206, 208 and 210, Stop loss at 200
Sell Rushil Decor below 213, for intraday Target of 211, 209 and 207, Stop loss at 217
Sell Lambodhara below 124, Intraday targets are 122.8, 121.6 and 120.4, Stop loss at 126.4