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Home Share Market

Record closing of market: Sensex closed above 50,000, Nifty close to 14790

Shehnaz by Shehnaz
February 3, 2021
in Share Market
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Market falls for 5th consecutive day; Nifty closed below 13,820
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03:35 PM

There has been a record closing of the market. Cessanx closed at the level of 50255 with a gain of 458 points. At the same time, the Nifty has closed at 14790 level with a strength of 142 points. 23 of the 30 Sensex stocks were traded. 40 out of 50 stocks of Nifty were bought while 10 out of 12 stocks of Bank Nifty dominated.

03:10 PM

KPR Mill Q3 On a yearly basis, the company’s profit has increased from Rs 94 crore to Rs 160 crore while income has increased from Rs 780 crore to Rs 940 crore. The company has announced a dividend of Rs 3.75 per share in Q3.

02:53 PM

MOODYS ON INDIA। India’s budget is pro-growth. The focus on the highway is positive for infra. The current budget is transparent compared to the previous budget.

02:30 PM

Deepak fertilizers reported a yearly profit of Rs 87.6 crore in the third quarter of FY 2020. Which was the company’s profit of Rs 30 crore in the same quarter of December 2019 last year. The company’s revenue grew 29.3 percent to Rs 1,447.1 crore in the third quarter of FY 2020 from Rs 1,119.5 crore in the same quarter last year.

02:10 PM

SBI’s NII may rise by 3.5%, Hero Moto results possible

SBI results will come tomorrow. The interest of the bank can increase by more than 3 percent today. But pressure on profits is possible. At the same time, the revenue of HERO MOTO can increase by 37 percent. Both the stocks are bright before the results.

02:05 PM

HIGHs have started appearing on HIGH in the market again. The trio of NIFTY, BANK NIFTY and SENSEX have created a new peak today. INDUSIND BANK has become the top GAINER of NIFTY with a rise of over 8%. Midcap is also showing steady pace. DOW FUTURES also has an edge.

01:40 PM

Butterfly Gandhimathi Q3। On an annual basis, profits have increased from Rs 1.1 crore to Rs 18.7 crore, while income has increased from Rs 174 crore to Rs 293 crore.

01:20 PM

Tata Motors is seeing great boom. After the budget, these shares have risen by 28 per cent. Tata Motors’ M-Cap again crosses 1 lakh crore.

01:15 PM

Bajaj Consumer। The company’s net profit for the quarter ended December 31, 2020 increased 17.5 percent to Rs 57.3 crore in the December quarter. Bajaj Consumer had a net profit of Rs 48.7 crore in the same quarter a year ago. The company reported a revenue of Rs 248.4 crore in the third quarter of the current financial year, up 17.6 percent. A year ago in the December 2019 quarter, the company’s revenue was Rs 212.6 crore.

01:02 PM

Big things in the market

The budget rally continues for the third day. The market is currently trading at record highs. The Nifty is trading above 200 points. The Nifty has scored 1200 points in 3 days. Sensex hovers above 50,000. Sensex has gained 4000 points in 3 days. Midcap is also in full swing and the index is trading up around 1.5 per cent. Auto, IT, pharma stocks are seeing fierce buying.

12:58 PM

The historical budget rally continues in the market. The Nifty and the Sensex have created a new peak. Sensex rests strongly above 50 thousand. At the same time, the Nifty is seen beyond 14800. INDUSIND is upbeat in Nifty Bank with a jump of 8%. Midcap is moving strongly for the third consecutive day.

12:20 PM

Venkys has presented its third quarter results. The company has done well in the December quarter on the profit front. The company’s profit in the third quarter was Rs 106.5 crore. The company had a loss of Rs 5.9 crore in the third quarter of FY 2020.

The company’s revenue grew 5.8 per cent to Rs 931.7 crore in the third quarter of FY 2020 from Rs 880.2 crore in the same quarter last year.

12:00 PM

TECH MAHINDRA। Order has been received for IT digitization. The company has received an order from RSA Scandinavia.

11:00 AM

New updates are coming on SCRAPPAGE POLICY. According to information received by sources from CNBC-Awaaz, now it will be expensive to keep old vehicles. The SCRAPPAGE policy provides for fitness fees, green tax. You will have to pay green tax if you have an old car. Green tax can be 10-25% of road tax. States will have the responsibility to implement this policy. Vehicle re-registration charge will increase by 10 times.

10:37 AM

Sensex, Nifty are trading at record highs. Cessanx is looking at a level of 50,271.37 with a gain of 474 points. At the same time, the Nifty is trading at the level of 14,809.

10:20 AM

IT stocks are freshly elevated. Nifty IT is seeing a boom for the third consecutive day. TECH MAHINDRA, COFORGE and WIPRO have jumped 2 to 3 percent.

10:10 AM

Pharma shares can be seen to be strong. The Nifty Pharma index gained 2.5 percent with GAP-UP OPENING. TORRENT PHARMA, CIPLA, SUN PHARMA and DR REDDYS are seeing a rise of 2 to 4%.

10:00 AM

The listing of HOME FIRST FINANCE was at Rs 618 with a 20 per cent premium on the NSE. At the same time, it has been listed on the BSE at Rs 612.15.

09:50 AM

Fartara pace of auto shares continues. The Nifty AUTO index rose to a 28-month high of 3 days. The motive of Tata Motors continues. About 30 per cent have run in 3 sessions.

09:45 AM

SURYA ROSHNI. An order of Rs 85 crore has been received for pipe supply.

09:25 AM

The market slipped downward after opening at a record high. Both Cessanx and Nifty are operating in red mark. The Nifty is seen at 14645 level, while the Sensex is down by 79 points at 49,719.45.

08:00 AM

Strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its registration zone is 14717-14734 and Bada registration zone is 14787-14818. The base zone remains 14528–14777. Strong delivery arose, shares will now run higher than the index. So buy Nifty, buy down to 14528, buy 14800 level shows in Weekly figures. Hold 14500 calls, close above 14750, then go for a long deal. Monthly figures show a level of 15,000. Defensive, Oversold shares will now run.

07:50 AM

After the bumper DEBUT of INDIGO PAINTS, the listing of HOME FIRST FINANCE will be on the lookout today. Its issue was 26 times full. The IPO of BROOKFIELD INDIA REIT will open today. The price band is between 274 to 275.

07:40 AM

MPC’s 3-day meeting on credit policy will start from today. The policy will come on Friday.

07:30 AM

The results of BHARTI AIRTEL will come today. The company can turn a profit from a loss of around Rs 760 crore. The ARPU is estimated to be 162 to 166. These stocks have run nearly 8 percent in the last two days. The results of Adani Ent, Apollo Tires, Jubilant Food and Ramco Cements will also be watched by the market.

07:20 AM

TATA CONSUMER produced good results in the third quarter. The company’s profit grew 29 percent to Rs 237 crore. At the same time, REVENUE also saw good growth. The company has announced to buy CEREAL MAKER brand SOULFULL for Rs 156 crore.

07:10 AM

After the budget, the mood of FIIs has also changed drastically. 6182 crore rupees were purchased yesterday. After November 27, the maximum BUYING was seen.

07:00 AM

There are signs of continuing the budget rally in the domestic market even today. The DOW closed yesterday by climbing a quarter of 500 points. Today, DOW FUTURES can see a quarter percent increase. Here, Asia has a strong start. SGX NIFTY is trading up around 50 points.

Vajpayee never mentioned dividing Jammu and Kashmir into two parts: Ghulam Nabi Azad

Tags: bsemarketMarketsNiftynsesensexshare
Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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