The market fell for the fifth consecutive day. Both the Sensex and Nifty have closed down over 1 per cent. On the other hand, selling in mid and small cap stocks also dominated. Sessex is currently down 535 points, 1.13 per cent, to close at the level of 46,874.36. At the same time, the Nifty has lost 150 points and closed below 13820.
Selling dominated 19 out of 30 stocks of the Sensex, while 32 out of 50 stocks of the Nifty closed down. On the other hand, 6 out of 12 stocks of Nifty Bank gained.
AB Fashion & Retail: The company will issue Flipkart at Rs 205 per share. The company will issue 7.3 million shares to Flipkart. Flipkart has received board approval on issue of shares.
TATA POWER। LoA has been received for the Rs 460 crore project.
Welspun Corp Q3। The company’s revenue fell 11 per cent year-on-year to Rs 199 crore in the third quarter from Rs 223.5 crore in the third quarter of last year. The company’s revenue in the third quarter was down by 51.7 per cent to Rs 1,393.5 crore from Rs 2,888 crore in the third quarter of last year. EBITDA of the company declined 49.2 per cent year-on-year to Rs 186.3 crore in the third quarter from Rs 366.6 crore in the third quarter of last year. The company’s EBITDA Margin for the third quarter stood at 13.4 per cent as against 12.7 per cent.
MARUTI has yielded mixed results. The company’s profit has increased by 24% to Rs 1941 crore. REVENUE also increased by 13% but MARGIN showed mild softening. , On the other hand, COLGATE’s profit has increased by almost 25% and MARGIN has seen improvement of more than 2.5%.
The market is witnessing a decline for the fifth consecutive day but there has been a good recovery in the last half hour. NIFTY improved 125 from lower levels and BANK Nifty improved by over 250 points. The market is supported by AXIS BANK, SBI, HERO MOTO and TATA MOTORS.
HAVELLS। 45.58 acres of leased land in Andhra Pradesh. The company has leased 45.58 acres of land for 39 crores.
01: 10 PM
The market is in decline for the fifth consecutive day and the Sensex has lost 800 points. The Nifty has broken 200 points and is now trading 1000 points below its record high. Pressure in private banks has led to pressure in Nifty Bank. The midcap index is also beating, down about 1%. State Bank, Realty, IT, FMCG shares are getting beaten up more.
01: 00 PM
Market decline has increased. The market is trading at a day’s low. 39 out of 50 stocks of the Nifty have been seen. 25 out of 30 stocks of Sensex are seen falling. At the same time, 9 out of 12 stocks of Nifty Bank dominate. The Nifty has slipped 1,000 points below the record high, while the Sensex is trading 3,500 points below its record high.
BHARTI AIRTEL. BHARTI AIRTEL announces 5G network. The company has showcased 5G network service in Hyderabad. Announces 5G commercial service in 1800 MHz band. The company is ready for 5G service in all bands.
The decline in the market seems to be increasing. The Cessanx has lost nearly 540 points, while the Nifty has slipped below 13830. Axis Bank is operating at over 4 per cent. So at the same time HDFC Bank is functioning by 3.74 percent.
According to CNBC-Awaaz’s EXCLUSIVE news, the government may insist on strengthening primary healthcare infra in the budget. Higher tax exemption on CAPEX is possible in healthcare. Discounts can also be given on opening of hospitals in small towns and villages. Hospitals with 50 beds in Tier 2, 3, 4 can get discounts. Tax exemption is possible for 25 bedded hospital in villages. According to sources 100% discount on CAPEX is possible in special business in IT.
11: 40 AM
PRISM JOHNSON। The company has said in its official statement that the company will increase production at Satna plant of MP. The company is emphasizing on increasing cement production capacity.
Fall in gold
Gold is seen below Rs 49,000 on MCX. Gold prices are at a 1-week low. The dollar is strongly under pressure on gold. There is uncertainty about the relief package in the US. The US Federal Reserve has kept rates constant. The US Federal Reserve will continue to purchase bonds.
Statement of WORLD GOLD COUNCIL
Meanwhile, WORLD GOLD COUNCIL’s statement said that gold demand in India has been the lowest in 26 years. Gold demand in India declined by 35 percent in 2020. Demand has declined due to the Corona crisis and lockdown. Gold consumption may increase this year. Growth in the economy will increase demand for gold.
Weakness in silver
Silver on MCX is under Rs 66,000. There is weakness in silver due to strong dollar.
Crude oil prices are weak today. Brent is close to $ 55. Concerns have arisen about the increasing strictness of the corona due to demand. At the same time, there is also a decline in metals due to slowing Chinese demand.
Shine of metals faded
Metals are under pressure due to weak Chinese demand. Metals also fall due to strong dollar. There is a record production of copper in Peru. Zinc is weak due to falling steel prices in China. China may impose a limit on steel production.
DILIP BUILDCON। NHAI project has been started in Rajasthan.
11: 00 AM
AXIS BANK stands firm amidst pressure on banking. After the results, about 1 percent has risen. However, 1 to 2 percent of the veteran BANKING COUNTER is broken. Public banks are seeing the biggest decline
Oil India। Exploration, production has started in Tripura. SEISMIC survey has been started in Tripura.
WORLD GOLD COUNCIL issued a statement saying that gold demand in India has been the lowest in 26 years. Gold demand in India declined by 35 percent in 2020. In fact, the reason for the decline in demand for gold has been the corona crisis, lockdown, but the consumption of gold may increase this year. Growth in the economy will increase demand for gold.
Cadila Health। The drug ZYDUS is approved by the US FDA. Orphan Drug Designation is approved by the US FDA. US FDA approval for the drug Saroglitazar.
Weak starters are seeing good recovery in the market. The strong support from RIL has brought the Nifty back above 13800 and improved 60 points from the lower levels. The Nifty Bank has recovered 200 points from DAY LOW. HDFC BANK is the most under pressure.
AXIS BANK stands firm amidst pressure on banking. After the results, about 1 percent has risen. However, 1 to 2 percent of the veteran BANKING COUNTER is broken. Government banks are witnessing the biggest decline.
Media and multiplex shares have escaped. INOX LEISURE is trading up 3%. PVR, DB CORP, SUN TV are seeing a shopping trend. Approval has been given to open cinema hall with more than 50 per cent capacity.
at 10:00 AM
According to information received by sources from CNBC-Awaaz, soon all the passenger services of the railway will be completely normalized. Instructions have also been issued to all GMs to complete the preparations for this. According to the information received by the sources, by the end of March, the Passenger Service 100 is ready to pay tax. Railways will be seen to be back on track after the budget.
Shares like HDFCBANK, POWERGRID, KOTAKBANK, TECHM, HDFC, SBIN are witnessing more decline. At the same time, shares like AXISBANK, RELIANCE, BPCL, ONGC, NTPC are working on the edge.
Glenmark Phar। Amphetamine Sulfate is approved by the US FDA. The drug Hyperactivity Disorder has been approved.
The market started with weakness. Both Sensex and Nifty are operating in red mark. Cessanx is operating around 46,946, down 465 points, or 1 per cent. The Nifty is down 134 points and is below 13840.
What should be your strategy on Nifty
CNBC-Awaaz editor – F&O, Virendra Kumar states that the larger registration zone in the Nifty remains around 14164-14206 while the larger base zone in it is around the 13740-13690 level. Base is not visible in FIIs figures. The base of the 14050-14000 series is broken. Now 13840-13810 is the next base.
13740-13800 is the next support, so it would be beneficial to sell in every pullback. It is beneficial to sell in the Nifty till 20DEMA 14200-14220 zone is achieved. Place a SL of 14050 on short deals and focus on the 13800 puts of 4 February.
Today is the last day of the IPO of STOVEKRAFT, the maker of KITCHEN APPLIANCES. So far, nearly 3 times the issue has been filled.
It is a big day for companies involved in futures. A total of 17 companies including COLGATE, PIDILITE, INTERGLOBE AVAITION, UBL will present the figures for THIRD QUARTER.
Auto giant MARUTI will present third quarter results today. The company’s profit is expected to rise 17 per cent. The market will also be waiting for the results of TVS MOTORS.
Axis Bank’s interest income grew 14 per cent in the third quarter, but there was more than 36 per cent pressure on profits. Provisning also showed an increase. However the bank has announced slippages of 6736 crores. The Supreme Court has not taken advantage of the concession.
HUL results are estimated in the third quarter. The company’s profits are 19 percent. Although margin pressure is visible, but management commentary is POSITIVE. There has been growth in double digit in rural areas.
After yesterday’s steep decline in the US, today DOW FUTURES is seeing a recovery of a quarter to a quarter from the lower levels. Asian markets have also declined. SGX NIFTY seems to have improved slightly after a weak start. It is now about a hundred and fifty points down.