Today at record highs The market has started. The Sensex has crossed 52,000 for the first time. Sensex is trading at a level of 52,009 with a gain of 465 points i.e. 0.90 per cent. At the same time, the Nifty is working at a level of 15289 with a gain of 126 points. Mid-smallcap stocks are also seeing good gains here.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 15196-15228 and larger registration zone is 15268-15284. The base zone is 15102–15074 and the larger base zone is 15030–14970. Shop Nifty and buy every fall till 14980. Mild obstruction may occur at the level of 15196–15228. The site of 15284 is still open. Going beyond 15300 is a bit difficult but can go this week. Today Nifty will run on the strength of banks.
Today the IPO of B2C company NURECA will open. The price band of the issue is between 396 to 400 rupees per share. The company has raised Rs 44 crore from anchor investor.
IIP growth in December has been better than anticipated. Growth minus has increased from 2.1 to 1 percent. Retail inflation has also declined.
SIEMENS has strong results in the December quarter. EBITDA has increased by 21 percent, while margins have also shown improvement. At the same time, the results of Apollo Hospitals have been estimated. NET PROFIT has risen 49% to 134 crores.
The results of ONGC have been mixed. Profitability has fallen by 52 per cent due to lower-income and higher tax expenditure. The results of Vodafone have been better than anticipated. The loss has been reduced from Rs 7200 crore to Rs 4532 crore. The auditor has raised concerns about Vodafone’s financial health.
Crude oil continues to boil over hopes of relief package in US. Brent crude has crossed $ 63. The price is the highest in 13 months. Action can be seen in companies like ONGC, OIL and HOEC.
There are good signs from global markets. SGX NIFTY is trading above 15200. US markets were rising on Friday. In the morning Dow futures were seen above 100 Point. Today is the New Year holiday in most Asian markets. At the same time, the US market is closed today on President’s Day.