Nifty below 11,000, Sensex falls over 300 points, day after budget:
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Cigarette Company’s stocks rose after the govt kept the cess on cigarettes unchanged. ITC Ltd gained 2 percent and VST Industries Ltd 3 % in the morning hours.
Across sectors, Nifty PSU Banks Index was down 2 percent while, Nifty IT and Nifty FMCG were trading higher by 0.5% and 0.7%, respectively.
Shares of Ashok Leyland Limited gained 2% after the company’s Q3 net profit was above expectation, while Bajaj Auto stock rose 1% after its sales rose 3,53,147 units in January.
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