We feel the next support is at 13,500 and a breach of the same might force the index towards 13,131 in case of any negative surprises from the Budget 2021.
This week witnessed a sharp correction in domestic bourses while the global peers followed. The abrupt fall coincided with the monthly expiry which acted as a double whammy leading to a sharp bruise in the highly run-up stock prices. In fact, it is the weaker bets that have moved out of the markets before the […]
Union Budget 2021, RBI monetary policy outcome, December quarter earnings and auto sales figures for the month of January will drive the market next week. Market is awaiting key reforms that could push growth and kickstart the capex cycle in the economy. The Union Budget 2021-22 would be presented on February 1. The Parliament session […]
Benchmark equity indices BSE Sensex and NSE Nifty advanced nearly 18% since the last Union Budget 2020 despite uncertainties in the form of Covid-19 pandemic.
Shares of Indian Railway Finance Corporation (IRFC) made a lacklustre debut at the bourses on Friday. The scrip closed at Rs 24.80 on the NSE, down 4.83%, against the issue price of Rs 26 per share. Earlier, the initial public offer (IPO) of the company got subscribed 3.49 times on the final day of bidding […]
The Nifty50 is expected to open in green on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global markets. Here are a few stocks which may buzz the most in today’s trade: Results today: Bajaj Healthcare, Cholamandalam Investment and Finance, Cipla, Dabur, Dish TV India, DLF, Dr. Reddy’s Labs, Exide […]
The country’s largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 26 per cent increase in its consolidated net profit to Rs 1,996.7 crore for the third quarter, driven by higher sales. The auto major had posted a net profit of Rs 1,587.4 crore in the October-December quarter of the previous fiscal. Total revenue […]
Prateek Jain, co-founder and president, Winvesta, in an interaction with Money9, shared his views on the how Joe Biden’s victory in the US election can affect the decision of domestic investors who are investing in the American market.
Extending its losing streak to the fifth straight session, equity benchmark Sensex plunged 536 points on Thursday, tracking losses in HDFC Bank, Infosys and HUL amid a weak trend in global markets. The 30-share BSE index ended 535.57 points or 1.13 per cent lower at 46,874.36. Similarly, the broader NSE Nifty fell 149.95 points or […]
IndusInd Bank fell for a fifth straight session today. The stock is quoting at Rs 801.6, down 2.26% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.38% on the day, quoting at 13774.4. The Sensex is at 46773.88, down 1.34%. IndusInd Bank Ltd has eased around 12.19% […]