ITC Q3 net profit rises 11% to Rs 5,572 crore
Bajaj Finance Q3 net profit rises 22% to Rs 3,639 crore
Vodafone Idea Q3 net loss narrows to Rs 6,986 crore, revenue flat
Bajaj Finance Q3 net profit rises 22% to Rs 3,639 crore
Vodafone Idea Q3 net loss narrows to Rs 6,986 crore, revenue flat
The market is expected to remain rangebound in the coming sessions until the Nifty 50 takes out the immediate hurdle of 21,850 on the higher side, while the 21,500 is expected to be a support area. If the index manages to decisively surpass 21,850 (the lower end of opening downside gap of January 17), then the rally towards previous record high can't be ruled out in following sessions.
On February 1, the Interim Budget as well as FOMC meet outcome remained non-event for the market and the benchmark indices ended moderately lower amid volatility. The BSE Sensex was down 107 points at 71,645, while the Nifty 50 fell 28 points to 21,697 and formed bearish candlestick pattern on the daily charts with higher high, higher low formation.
On February 1, the Interim Budget as well as FOMC meet outcome remained non-event for the market and the benchmark indices ended moderately lower amid volatility. The BSE Sensex was down 107 points at 71,645, while the Nifty 50 fell 28 points to 21,697 and formed bearish candlestick pattern on the daily charts with higher high, higher low formation.
Meanwhile, on February 1, the Bank Nifty demonstrated strength and outperformed the benchmark Nifty 50 as the index closed above 46,000 mark on the interim budget day. The banking index rose 192 points to 46,189 and formed Doji kind of candlestick pattern on the daily timeframe.
"The overall undertone remains bullish, with support at 47,800 providing a cushion for the bulls. On the upside, the immediate resistance is positioned at 46,500, and a breakthrough at this level is anticipated to trigger sharp short-covering moves in the market.
"The overall undertone remains bullish, with support at 47,800 providing a cushion for the bulls. On the upside, the immediate resistance is positioned at 46,500, and a breakthrough at this level is anticipated to trigger sharp short-covering moves in the market.
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 1,879.58 crore, while domestic institutional investors (DIIs) purchased Rs 872.49 crore worth of stocks on February 1, provisional data from the NSE showed.
Foreign institutional investors (FIIs) net sold shares worth Rs 1,879.58 crore, while domestic institutional investors (DIIs) purchased Rs 872.49 crore worth of stocks on February 1, provisional data from the NSE showed.
Stock Market LIVE Updates: US markets gain, Asia trades lower; SBI, Tata Motors, IndiGo in focus
US stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon.
Trends in the GIFT Nifty indicate a negative start for the broader index in India, with a loss of 31 points or 0.14 percent.
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RBI likely to hold rates until mid-year, first cut in Q3 2024: Reuters poll
India raises windfall tax on crude to Rs 3,200 a tonne
SBI Q3 net profit plummets 35% to Rs 9,163 crore, asset quality healthy
Tata Motors Q3 consolidated net profit jumps 2x to Rs 7,025 crore
IndiGo Q3 net profit soars 111%
India raises windfall tax on crude to Rs 3,200 a tonne
SBI Q3 net profit plummets 35% to Rs 9,163 crore, asset quality healthy
Tata Motors Q3 consolidated net profit jumps 2x to Rs 7,025 crore
IndiGo Q3 net profit soars 111%
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 70.69 crore, while domestic institutional investors (DIIs) purchased Rs 2,463.16 crore worth of stocks on February 2, provisional data from the NSE showed.
The market posted solid gains on February 2, with the Nifty hitting a new high of 22,126.80 and the Sensex rallying more than 1,400 points. The benchmarks gave up some of the gains to close off the day's high. The Sensex ended 440.33 points, or 0.61 percent, at 72,085.63, and the Nifty 156.30 points, or 0.72 percent, at 21,853.80.
China's market restrictions, Novartis' M&A bid, Yandex's Russia exit, Estee Lauder's jobs cuts and more
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HDFC Bank has been granted approval by the RBI to acquire up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank
Breaking News 🚨
Massive News at midnight on Exhanges!
HDFC Bank has been granted approval by the RBI to acquire up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank
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The US markets were jittery overnight on news on strong economic data which signalled that the interest rate cuts may not come any time soon.
The benchmark Sensex and Nifty indices are likely to open on a negative note on February 6 as trends in the GIFT Nifty indicate a lower start for the broader index with a loss of 31.50 points.
The Indian equity benchmarks failed to hold on to the opening gains and ended lower in a volatile session on February 5, as investors awaited the RBI meet outcome for rate cute cues and inflation trajectory.
The Sensex ended 354.21 points or 0.49 percent down at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70.
The Indian equity benchmarks failed to hold on to the opening gains and ended lower in a volatile session on February 5, as investors awaited the RBI meet outcome for rate cute cues and inflation trajectory.
The Sensex ended 354.21 points or 0.49 percent down at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70.
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