Fears of spike up in inflation following announcements of sops to farmers as well as rising bond yields in the US didn't help either. The fall in prices was severe for most stocks — big or small — across sectors, except the IT indices which posted marginal gains. The real estate sector, which didn't get much from the Budget except focus on affordable housing, fell the steepest by more than 6 per cent. Eventually, the intimidating session ended with a massive cut of 2.33 per cent; posting biggest single-day fall in percentage terms after 14 months." Rural consumption, agri and related plays, infrastructure, capital goods and cement are few themes and sectors to nibble into."

Source: dna February 02, 2018 23:26 UTC