Traders’ Guide: Nifty has key support at 15,000 and 14,750 levels7 min read
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The bench also declined Amazon’s request to keep its order in abeyance for a week so that it can explore appropriate remedies.
Tech View: Higher high-low & bullish candle show Nifty on a strong footing
The index could take a breather now, but the momentum will remain strong as long as the index sustains above the 15,000 level, analysts said.
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Godrej Consumer Q3 results: Profit rises 13% to Rs 502 cr
Total revenue from operations was at Rs 3,055.42 crore, up 9.98 per cent as against Rs 2,778.05 crore in the year-ago period.
F&O: Nifty setup remains bullish, but a higher VIX remains a worry
Nifty has to hold above 15,000 level to continue its bullish momentum towards 15,250 and then 15,500 levels, while support can be seen around 15,000 and then 14,750 levels.
Rupee slips by 4 paise to 72.97 against US dollar
At the Interbank Foreign Exchange (forex), the rupee opened sharply higher at 72.86 against the dollar. During the session, the unit touched a high of 72.80. It finally settled at 72.97, registering a fall of 4 paise against the greenback.
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After a 50% rally, revenue visibility just got better for this IT stock
In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially to $146.2 million.
MARKET AT CLOSE
- Nifty rallies for 6th day in a row to close above 15,000 for first time ever
- Nifty Bank rallies for 8th day in a row to trade above 36,000
- Nifty Small & Midcap gain 1.5% each with over 60% stocks positive
- Nifty Auto and Metal gain over 3% each, end as best two sectors of the day
- All sector indices gain except FMCG and PSU Bank
- Nifty IT and Infra gain over 2% each
- Nifty PSU Bank declines over 3% from day’s high
- Nifty FMCG, Pharma and Financial Services decline over 1% each from day’s high
This is how the 30-pack Sensex moved in today’s session. It touched a high of 51,523.38 and a low of 51,146.67 to finally settle at 51,348.77
CLOSING BELL: Infosys, ICICI Bank give Sensex 617-pt lift; Nifty tops 15,100; M&M soars 7%, BHEL tanks 8%
- IT, banks and RIL lead the market rally
- 24 of 30 Sensex stocks end the day in the green
- Index contributors: Infosys, ICICI Bank, RIL, TCS, M&M
- Top Index gainers: M&M (7.43%), Bajaj Finserv (3.45%), Infosys (2.90%)
- Top Index losers: HUL (1.47%), Kotak Bank (1.29%), Bajaj Finance (0.72%)
- All BSE sectoral indices except FMCG end the day in the green
- S&P BSE AUTO biggest sectoral gainer, up 3.07%
- S&P BSE Fast Moving Consumer Goods biggest sectoral loser, down 0.53%
- Volume toppers: SBI, M&M, RIL, HDFC, ICICI Bank
Brent scaled the $60 per barrel mark while global equities continued to rally. India also tagged along, leaving only FMCG and PSU indices in the red among the sectoral indices, while the metal index gained the most, with a 3% jump. US stimulus expectations continue to be the major driver.
– Anand James, Geojit Financial Services
Here are all the gainers in the pharma space
Price as on 08 Feb, 2021 02:59 PM, Click on company names for their live prices.
Overall market breadth positive
Overall market breadth was positive, as 1,717 scrips on BSE moved higher while 1,269 traded lower. On NSE, 1,187 stocks advanced while 715 declined.
Auto, metal, IT sectors jump; FMCG, PSU bank sectors buck trend
All sensible investing is value investing: Porinju Veliyath
Forex Center: This is how the major currencies are faring against each other
Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices
Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand.
Here are the top gainers in the power sector
Price as on 08 Feb, 2021 02:14 PM, Click on company names for their live prices.
Here are all the top gainers in the tourism and hospitality sector
Price as on 08 Feb, 2021 02:03 PM, Click on company names for their live prices.
Mrs Bectors Food Specialities Q3 profit jumps 86%; shares edge higher
Mrs Bectors Food Specialities’ profit after tax came in at Rs 21 crore in the October-December period, as against Rs 11 crore in the corresponding period a year ago. Its revenue increased 11% to Rs 226 crore.
RBI to conduct bond purchases for Rs 20,000 crore; yields fall
Four sets of sovereign papers are included in the proposed purchase plan with residual maturities ranging from four to 14 years.
Rupee edges higher to 72.84 vs dollar
The rupee was last seen trading eight paise — or 0.11% — stronger at 72.84 against the US dollar, having begun the day stronger at 72.87 compared with its previous close of 72.92. It moved within a range of 72.81-72.88 against the greenback during the first half of the session.
BSE’s broadest index gains over 1%, in tandem with benchmarks
As many as 386 scrips in the BSE 500 index traded in the green, led by SKF India, Bajaj Electricals, Graphite India, Gujarat Gas and HEG, trading between 11.57% and 19.39% higher.
Reliance Industries, ICICI Bank, HDFC Bank top boosts for Sensex
LISTEN IN | Nifty’s next peak & funds that shone on SBI bounce
M&M shares hit upper circuit on Q3 show; analyst see up to 35% upside
An all-round performance by Mahindra & Mahindra (M&M) during the December quarter resulted in analysts raising their target prices on the stock, with a potential upside of as much as 35 per cent from its last close.
Rupee rises 9 paise to 72.84 against US dollar
The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.03 per cent to 91.07.
D-Street races to a new high: Look what’s driving this rally
Better-than-expected Q3 earnings by most of India Inc drove benchmark indices to fresh record highs as buying continued in big banking stocks along with the auto pack.
Nifty Bank gains 2%, led by HDFC Bank, ICICI Bank, Axis Bank
Price as on 08 Feb, 2021 10:32 AM, Click on company names for their live prices.
Banking, financial services, energy shares push markets higher
Volatility gauge India Vix climbs 2.6% to 24.03
M&M surges 10%, pushes Nifty Auto up 3%
OPENING BELL: Sensex climbs over 500 points to hit fresh high of 51,280; Nifty above 15,050
Pre-open session: Sensex rises 385 points, Nifty nears 15,100
SGX Nifty signals gap-up start
Nifty futures on the Singapore Exchange traded 95 points, or 0.64 per cent, higher at 15,037.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty forms Doji candle
Nifty50 climbed over 9 per cent during the week gone by, but signs of fatigue were visible, especially on the daily charts where the index formed an indecisive candle on Friday. If Nifty closes below 14,864 level on Monday, the weakness shall be confirmed, and upsides, if any, may remain capped, analysts said.
Brent nears $60 a barrel on supply cuts
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. Brent crude for April touched a high of $59.95 a barrel and was at $59.85, up 51 cents, or 0.9 per cent. Front-month prices last hit $60 on February 20, 2020.
Asian shares near all-time peak
Asian shares hovered near record highs on Monday on hopes a $1.9 trillion Covid-19 aid package will be passed by US lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.2 per cent at 717.2, not far from last week’s record high of 730.6. Japan’s Nikkei climbed 0.3 per cent while Australian shares advanced 0.5 per cent. E-mini futures for the S&P 500 rose 0.3 per cent.
Q3 results today
BPCL, Godrej Consumer, Torrent Pharma, Balkrishna Industries, NMDC, Sun TV, Aditya Birla Fashion, AstraZeneca Pharma and Redington India are among companies which will announce their December quarter results on Monday.
FIIs buy Rs 1,462 crore worth stocks
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,461.71 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 1,418.65 crore, data suggests.
US stocks settled higher on Friday
Wall Street stocks scaled new heights Friday as a lackluster US jobs report was seen as bolstering the case for US President Joe Biden’s $1.9-trillion stimulus plan.The Dow Jones Industrial Average index rose 0.3 per cent to close at 31,148.24. The S&P500 index added 0.4 per cent to 3,886.83. The Nasdaq Composite index advanced 0.6 per cent to 13,856.30.
Rupee rises 3 paise to 72.93 post RBI rate decision
The rupee gained 3 paise to settle at 72.93 against the US dollar on Friday after the Reserve Bank kept the policy rate unchanged but maintained its accommodative stance to spur growth. At the interbank forex market, the local unit opened at 72.98 against the greenback and witnessed an intra-day high of 72.80 and a low of 72.99.
Sensex, Nifty on Friday
The 30-share BSE benchmark Sensex briefly crossed the 51,000-level, before ending 117.34 points or 0.23 per cent higher at its fresh closing record of 50,731.63. Similarly, the 50-share NSE Nifty scaled the 15,000 mark during the day but shed some ground to close at its all-time high of 14,924.25, up 28.60 points or 0.19 per cent.