The market witnessed fluctuations after the announcement of the credit policy. The market was able to close with a gain for the 5th consecutive day amid consequent fluctuations. Cessanx closed 117.34 points, or 0.23 per cent, at 50,731.63. At the same time, the Nifty has closed at the level of 28.60 points i.e. 14924.25. Here Nifty Bank has also recorded a closing.
Mid and small cap shares of BSE were sold. The mid-cap index of the BSE closed around 1 percent lower and the small-cap index closed 0.28 percent lower.
The market is trading at a new peak with the sound of BULLS. This week NIFTY has achieved a milestone of 15000 with a return of 9%. At the same time, BANK NIFTY has jumped 17 percent in a week and has crossed 36000.
Suprajit Q3. Have considered the stock buyback on Wednesday.
M&M + MVML Q3। The company’s profit in the third quarter was Rs 1745 crore. The company has incurred a one-time loss of Rs 1,214 crore in the quarter. Income stood at Rs 14,057 crore.
The market continues to grow. Sessex is trading up 238 points at 50,851.34 level. At the same time, Nifty is working around 14967 with a strength of 72 points.
THOMAS COOK Q3:The company has lost profits. On a yearly basis, the company incurred a loss of Rs 59 crore against a profit of Rs 5.7 crore. At the same time, income has come down from Rs 1758 crore to Rs 271 crore.
ITC। Is considering interim dividend on 11 February.
The market slipped from the upper levels after the credit policy was announced. The Nifty has slipped 135 points from above, while the Sensex has slipped about 490 points from above. Here the midcap slipped about 460 points from the top.
Pfizer has returned the emergency application of the COVID vaccine in India. The company withdrew the application for additional information. The company will apply again with additional information.
After the announcement of the credit policy, the market has slipped from the upper level. The Nifty slipped about 100 points from the top and the Sensex slipped about 350 points from the top. Currently, Sensex is operating with a gain of 160 points. The Nifty is trading at 14933 levels.
RBI CREDIT POLICY। RBI GOVERNOR further stated that the inflation rate in January-March is estimated at 5.2%. Inflation rate of 5.2% to 5% is possible in April-September. The inflation rate in October-December is estimated at 4.3%. Growth is better than expected in FY22. The government’s borrowing plan is predictable. The benefit of rate cut is being given to the customers. GDP growth is estimated at 10.5% for 21–22. Vegetable prices will come down in the short term. Rising fuel prices will have little effect on inflation. Inflation has been below 6% for the first time since the lockdown. Due to increase in the price of petrol and diesel, inflation has come under pressure. Prices of other raw materials have also increased.
RBI CREDIT POLICY। RBI GOVERNOR says that inflation rate is better than anticipated. In the short run, the inflation rate estimate is stable. After the budget, a major investment in infra, health is possible. RBI GOVERNOR said that at present, the focus is on growth. There are signs of fast recovery in the economy. Inflation is under target. Recovery has been better than the previous MPC. Growth estimates have also improved. Vaccination will help growth. The situation has become more common in many sectors than before. It is possible to keep food inflation steady. The policy includes guidance on liquidity. He further said that FDI, FII investors trust India.
RBI CREDIT POLICY। There was no change in the interest rates. The interest rate remains at 4%. RBI maintains accommodative stance for FY22. The reverse repo rate remains at 3.35%. GDP growth estimate for FY22 is 10.5%. The budget will improve investment conditions.
KALPATARU POWER. Fasttel will buy a 51% stake in Engenharia Ltd. 88% to purchase 51% subsidiary stake.
Before the credit policy, the market started with an edge. Sessex opened with a gain of 320 points at 50,934.33. At the same time, the Nifty is trading at a level of 14980 with a strength of about 85 points.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14956-14977 and the larger registration zone 15017-15050. The base zone is 14811-14766 and the larger base zone is 14716-14676. The 15000 zone is difficult for the Nifty. Initially book profits at BTST. Shopping on the decline will benefit. 14811-14766 will be the important level after the policy. Avoid trade before the policy. Keep in mind the Friday factor, it has 14716 important levels.
Strategy on BANK NIFTY
Virendra Kumar of CNBC-Awaaz says that it has a registration zone 35488-35570 and a big registration zone 35740-35820. The base zone is 35010-34923 and the larger base zone is 34771-34598. The subsequent fall of the policy will be significant. The level of 34923-34471 in Bank Nifty is significant. Initially tie the profits in BTST trade. Try fast after the policy.
HOME APPLIANCE company STOVE KRAFT will be listed on the exchange today. This IPO was 18 times full. , Listing signs at an 8–10 per cent premium from GREY MARKET.
M&M is expected to report good results in the third quarter. The company’s profit is expected to grow by 56 percent. A jump in BRITANNIA’s earnings profits, margins and volume growth is possible. These two Nifty companies will present the results today.
In the third quarter, HERO MOTO produced impressive results. There has been a jump of 23 percent in profits. Income is at record levels. The company has announced an interim dividend of Rs 65 and a special dividend of Rs 100 crore.
Nifty banks, auto and housing stocks, standing strongly at the peak of 35000, may see increased action today. Credit policy will arrive at 10 am. According to the CNBC-Awaaz Bankers Poll, a change in interest rate and accommodative stance is not expected.
About 290 stocks of circuit filters will be replaced from today. In stocks like ADVANCE ENZYMES, BURGER KING, EQUITAS, SPICEJET, the limit increased from 10 to 20 percent. The circuit filter of YES BANK is also 20 percent. Today action will increase in these stocks.
There is a huge drop in gold prices. The price on MCX is at a 7-month low. On the other hand, silver is also seeing weakness of about 2 percent. But crude has gained momentum and Brent has reached extremely close to $ 60.
07: 00 AM
The signs are excellent from the global market. SGX NIFTY is pointing to NIFTY’s new HIGH opening. Nikkei has a strong start in Asia. There was a record closing of the S&P 500 in the US. The DOW also saw a jump of 330 points yesterday.