On the second day of the budget also, the market was bright, that is, there was an all-round shopping in the market for the second consecutive day, due to which the market closed at a spectacular edge. The Nifty Bank is closed at a record high. Cessanx-Nifty closed with a gain of over 2.5 per cent. Currently, Sensex has closed at 49,797.72 with a gain of 1197.11 points, or 2.5 per cent. The Nifty has closed at 14648, up 366.65 points, or 2.57 per cent.
Kolte Patil. The company has tied up for 3 new projects in Pune.
Auto stocks are witnessing a stormy rise. NIFTY AUTO INDEX has gained over 3%. TATA MOTORS remains the top GAINER of NIFTY with a bounce of 11%. ASHOK LEYLAND, ESCORTS, TVS MOTORS are also seeing great boom. Veteran CORPORATES told CNBC AWAAZ that PUSH is expected to increase CV SALES on scrappage policy and INFRA in the budget.
Cement stocks are seeing strong strength. After the budget, INFRA PROJECTS has seen a jump of 6% to 7% in ULTRATECH, SHREE CEMENT, AMBUJA CEMENT, as expected. All 6 cement shares of FNO have run.
The market is seeing great boom. The Bank Nifty is trading at a record high. All the shares of Bank Nifty are seeing an increase. 41 out of 50 stocks of Nifty are seen rising.
In January, gold imports rose 154 per cent year-on-year.
ISMA DATA। Sugar production in OCT-JAN has increased from 14 million tonnes on an annual basis to 17 million tonnes while crushing in 491 sugar mills has continued till 31 January. Crushing continues in 491 sugar mills from 447.
Budget celebrations continue in the market. – Nifty commanded the fast. The Nifty is trading beyond 14500. Private banks, NBFCs, are focused on buying. Capital Goods shares have shone in the budget due to increased expenditure on infra. There has been an increase in cement, realty and fertilizer shares in the midcap.
DR REDDYS. The generics of the drug Sabril have been launched in the US.
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Dhanuka Agritech Q3। On an annual basis, profits have increased from Rs 27 crore to Rs 40 crore. Income has increased from Rs 279 crore to Rs 305 crore.
The market has lightened slightly from the upper level. The Sensex is seen at 49,400 with a strength of 800 points, while the Nifty is trading above 14530 with a gain of 251 points. However, mid- and small-cap stocks are trading with gains. The mid-cap and small-cap indices of BSE are functioning with a gain of over 1 per cent.
The market is seeing good growth. TATAMOTORS is operating with a jump of 10 per cent, ULTRACEMCO 7 per cent, HDFCBANK, HDFC and GRASIM over 5 per cent.
Career Point. An order worth Rs 3.4 crore has been received from NTPC. This order has been received for online coaching.
ADANI PORTS. There was 26 million tonnes of cargo volume in January. Cargo volumes have shown a 31 per cent growth on an annual basis.
BEL Q3. The company has received a total order of Rs 4,899 crore in Q3. The order book till January 1 has been Rs 54,791 crore. The export order book is $ 18.28 million. Export turnover is $ 1.65 million.
There is a record breaking budget rally in the market. Cessex 50000 and Nifty Bank has crossed 34000. Both have created a new peak. The Nifty is also nearing record highs and the midcap index is seeing a bounce of over 2 per cent.
Fertilizer shares have run up on the news of SUBSIDY payment of 65 thousand crores before 31 March. CNBC-Awaaz Expenditure Secretary said EXCLSUSIVE-There will be no old arrears of fertilizer companies from next year.
Auto stocks have caught a storm. The Nifty Auto Index has gained over 3 per cent. TATA MOTORS, ASHOK LEYLAND, M&M is seeing 5 to 8 percent increase.
Indigo Paint has a bumper listing at 75 premium. The stock is listed at 2607 against the issue price of 1490.
Rupee has strengthened by 1 paise to open at 73.01 against 73.02.
The market is seeing a fantastic growth. Cessanx is trading above 50000 with a gain of 1500 points. The Nifty is trading at 14,718.35 level.
Indigo PAINT’s excellent listings are visible. Settle appears to be at a 75% premium. The BSE appears to be settling at Rs 2607 per share.
SAREGAMA। The company has tied up with short video platform Josh. The company has tied up for music licenses.
The budget flavor remains on the market even today. Today, the market has started with a spectacular growth. Nifty Bank is trading at a record high. All 12 stocks of Nifty Bank are looking up. Cessanx is operating with a gain of more than 1000 points, while the Nifty is seen at 14583 level with a strength of 302 points. Here, Bank Nifty has crossed the 34,000 mark due to strong buying in banking shares.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14387-14411 and Bada registration zone 14471-14517. The base zone is 14186-14151 (10 * 20 DEMA) and the larger base zone is 14050-14000 (Maximum OI Base). Large institutional cash is not shopping. The market has gained momentum due to short covering. So 14471-14515 is the next target and has a base of 14000-14200. Take the trade keeping in mind the risk-reward. Shop in decline above first base. Buy 14500 calls for less risk.
Hero Moto SALES in January has been better than anticipated. There has been a 5-fold jump in scooter sales but total sales have fallen by 3 per cent to 4.85 lakh units. On the other hand, Eicher has sold more than 8 percent of Royal Enfield.
After yesterday’s 6% surge in silver, today there is profit-booking. Comex is down more than 2 percent but crude remains strong and Brent is above $ 56.
Fertilizer companies will be paid a subsidy of 65 thousand crore rupees before March 31. In an exclusive conversation with CNBC Awaaz, the Expenditure Secretary said – from next year there will be no old arrears of fertilizer companies. Fertilizer shares will again increase in action today.
Bad Bank will operate on the lines of a private company. The government will not be shareholders. In an exclusive conversation with CNBC-Awaaz, the banking secretary said, NPAs of more than Rs 5000 crore will come under the purview of bad bank.
The disinvestment process will be completed in BPCL, CONCOR and AIR INDIA in the first quarter of the next business year. In a special conversation with CNBC-Awaaz, Disinvestment Secretary Tuheen Kanta Pandey said – the change in the Act to sell the stakes in IDBI and LIC is included in the Finance Bill.
Nirmala Sitharaman, who spoke at INTERVIEW with Network Editor-in-Chief Rahul Joshi of Network 18 after the budget, did not want to pay the tax on the common people – Sarkara is throwing money on the budget that will increase the growth in lesser resources.
There are great signs from global markets. US markets were strong yesterday. The NASDAQ has risen more than 2.5 percent. Asian markets were strong. SGX Nifty also saw a boom.