The markets on February 5 opened gap down. BSE Sensex is trading at 34,825.95, down by 240.80 points and the Nifty is trading at 10,687.65, down by 72.95 points.

Vakrangee had purchased 2 million shares of PC Jeweller for Rs. 112 crore through an open market transaction on January 25, 2018, using its treasury fund of over Rs. 1,500 crore.

Housing Development Finance Corporation (HDFC) is the top loser with 3.6 per cent losses. The stock dragged Nifty Fin Service which is currently the top loser amongst all sectoral indices falling 1.6 per cent down.

Construction and civil engineering PSU NBCC (India) bagged an order worth Rs. 2,000 crore from the government of Assam for the construction of Twin Tower Trade Center at Guwahati.

Singapore Telecommunications Limited (Singtel), a Singapore based telecom operator will be investing Rs. 2,649 crore in Bharti Telecom thus increasing its stake in the company to 48.9 per cent.

Overall volumes in futures & options currently stand at 82.10 lakh contracts with a turnover of Rs. 7,24,402.25 crore.

Overall volumes in futures & options currently stand at 82.10 lakh contracts with a turnover of Rs. 7,24,402.25 crore.

The RSI has dropped sharply lower and, at present, it is placed around 48 level. In the last couple of instances, we have witnessed a drop of up to the levels of 33-35 on the RSI and, from thereon, Nifty has witnessed a reversal. Hence, this could mean a possibility of more weakness in the short term in the Nifty. Top stocks to watch out: Bharti Airtel, GAIL, Speciality Restaurants, Cera Sanitaryware, Tata Steel, Avenue Supermarts, GMR Infrastructure, NBCC and Uflex. 

India’s benchmark equity indices are expected to open significantly lower, tracking a sharp sell-off in the US and Asian markets over concerns of rising bond yields. The SGX Nifty indicates that Nifty could open around the level of 10,611 with a gap-down of 107 points.