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Markets in green ahead of Railway budget

The markets have opened in the green this morning ahead of the Railway Budget which is to be announced today. Inflation numbers for the month of February will also keep gains in check. The Sensex is up 154 points at 17,968. Nifty is up 50 points at 5,479.

Metal shares continue to shine this morning. Banking space is also trading in the positive zone. BSE metal index has added 1.5% to 12,137. Capital goods, auto and bankex have advanced over 1% each.

Sterlite has added 2% to Rs 123. ICICI Bank and Infosys are the key contributors to the Sensex’s upmove and are up around 2% each. Larsen & Toubro, Mahindra & Mahindra, Hindalco and Sun Pharma are some of the other key gainers this morning.

However, TCS and Wipro have shed 1% each. In a step towards complying with the new shareholding norms on promoter holdings, the Azim Premji Foundation said it would sell 35 million shares of Wipro through an auction route, opening today.


 

 

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