There was lethargy in the market today. On one hand, Cessanx closed at a level of 51,544.30 with a gain of 13 points. At the same time, the Nifty has fallen 10 points to close at 15163.30. Mid and smallcap shares also saw mild pressure in this market slam. The BSE mid-cap index and the smallcap index closed with a marginal decline of 0.04 per cent.
The market is currently operating with fluctuations. At present, both the Sensex and Nifty are seen in red marks.
EoI deadline for SCI has been extended. EoI will now be filed by 1 March instead of 13 February. EoI will be filed by March 15 via email. The Department of Disinvestment has answered questions on EoI. Bidding conditions for SCI have eased.
Laps। The company will be restructuring the domestic business. There will be transfer business in Universal MEP Projs. The domestic project will transfer the business.
Alembic Pharma। New injections have been approved by the US FDA.
After nearly three days of consolidation, Nifty Bank has gained momentum again today. The Nifty Bank is seeing a rise of more than 500 points. HDFC Bank, ICICI Bank, Axis Bank have energized the market. The Nifty also hinges above the 15200. There is also buying in midcap stocks.
Motherson Sumi ने The third quarter results have been released. The company’s profit in the third quarter ended December 31, 2020 increased from Rs 340 crore to Rs 1,268.3 crore on an annual basis.
Motherson Sumi saw a 13.9 per cent year-on-year increase in earnings in Q3. The company’s revenue in the quarter stood at Rs 17,092.4 crore as against Rs 15,000.1 crore in the third quarter of last year. The company’s EBITDA grew by 60.7 per cent year-on-year to Rs 1,795.5 crore in the third quarter from Rs 1,117.2 crore in the third quarter of last year.
COGENCIS. The government has invited bids for 11 more coal mines. The bid is called under the commercial coal auction. Let us know that on February 4, the bid for 64 commercial coal mines was called.
EQUITAS SMALL FIN BANK। Has partnered with MSRDC and Ocean Highway. Partnered with FASTag-powered Truck Terminal in Kolhapur, Maharashtra.
The government in its official statement said that the announcement of asset monetization pipeline is possible soon. The government may announce the asset monetization pipeline by the end of March.
Strides Pharma। The US FDA has approved the new drug. Prednisone Tablets have been approved by the US FDA.
The market is strong. The Nifty is trading near the 15200 level. Infosys, TCS and ICICI Bank have energized the market. Banks and midcap stocks are also seen buying.
IT stocks are seeing great boom. Largecap stocks like INFOSYS, WIPRO and HCL TECH have run over 2 per cent. The IT index has reached a height of about 3 weeks.
After the results, HAPPIEST MINDS is trading at a record high with GAP-UP OPENING. These shares have risen 7 percent. The company’s market cap has crossed Rs 5000 crore.
NBFCs shares are seen at Farrata pace. Magma Fincorp is witnessing a rapid rise for the 10th consecutive day. These stocks ran 5 per cent, Muthoot Finance, M&M Financial are also seeing good buying in stocks.
Midcap cement shares are looking strong. JK CEMENT, INDIA CEMENTS and JK LAKSHMI CEMENT have gone up by 3 to 5%.
Aviation shares have come out on the high flight with the possibility of increasing air fares by 10 to 30 percent. INDIGO and SPICEJET are seeing 2 to 3 percent increase.
The market has started with an edge. Cessanx is seen at a level of 51,701.53 with a gain of 170 points. At the same time, Nifty has crossed 30200 with a strength of 30 points. Mid and smallcap stocks are also seen in action.
BAJAJ CONSUMER. A deal of 98 lakh shares has been done in the pre-open. The deal is worth 98 lakh shares at Rs 252.8.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 15196-15213 and the larger registration zone is 15269-15288. The base zone is 15064–15038 and the larger base zone is 14980–15961. The Nifty may gain momentum due to RIL. Buy in fall and fall also, Nifty has 15064, 14980 two big zones. If the level of 15213 is reached, then the level of 15288 is also possible. Focus on 15300 calls of Nifty.
ITC results have been close to estimates. Profit decreased by 11 per cent to about Rs 3660 crore. The margin also slipped by 3%. The decline in cigarette volumes has been less than ESTIMATE. The company has given an interim dividend of Rs 5 per share.
Standing at the peak of nearly two-and-a-half years, Sun Pharma may increase further action today. The company and 7 of its executives have settled with SEBI. The case has settled in Aditya Medisales deals.
Aviation shares can fly high today. It is possible to increase the air fares by 10 to 30 percent. The government has made changes to the Air Fair Band created in the Corona era.
GRASIM will present third quarter results today. Quarterly figures of MOTHERSON SUMI, VOLTAS, APOLLO HOSPITAL, SIEMENS will be awaited. The profit of MOTHERSON SUMI may increase by around 160 per cent. The stock is at a height of 23 months.
In the US, the S&P 500 and NASDAQ closed at the edge yesterday. The DOW also improved about 200 points from the lower levels. SGX NIFTY saw initial lethargy here. Today most of the Asian market is closed.