Merchants’ Information: Nifty has instant help at 14,600 and 14,500 ranges
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Rohit Singre, Senior Technical Analyst at LKP Securities said, “Nifty has formed immediate support near 14,640-14,580 zone and good resistance is coming near 14,810 zone. Any break above said levels can push index towards 15,000-mark again.”
BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr
In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.65 per cent stake to state-owned firms.
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Buy IIFL Finance NCD to earn double digit returns
IIFL Finance, which is rated AA by Crisil, is offering NCDs worth Rs 1,000 crore including a base issue size of Rs 100 crore and a green-shoe option to retain oversubscription of up to Rs 900 crore.
Dow Jones rises on J&J vaccine cheer, stimulus optimism
The Dow Jones Industrial Average rose 505.5 points, or 1.63%, at the open to 31,437.76. The S&P 500 rose 54.4 points, or 1.44% to 3,865.86, while the Nasdaq Composite rose 188.8 points, or 1.43%, to 13,381.06 at the opening bell.
Market Watch: Here’s an advice for IPO investors
Tune in as we discuss about today’s market rebound, what investors should know about before applying for an IPO, and more!
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MTAR Tech IPO opens on Wednesday. What you should know before subscribing
In the first nine months of FY21, revenue grew by 16% to Rs 177 crore and profit increased by 25% to Rs 28 crore. The outstanding order book was Rs 336 core at the end of December 2020, which is 1.6 times the FY20 revenues.
Time to add Bharti Airtel, Tata Motors: Daljeet Singh Kohli
Commercial vehicles are catching up now. It should be good for companies like Tata Motors. Ashok Leyland is one of the choices but we feel that Tata Motors is better placed valuation wise, says Daljeet Singh Kohli, CIO, Stockaxis.com.
Tech View: No follow-through selling a respite for Nifty; expect consolidation ahead
Gaurav Ratnaparkhi of Sharekhan said, “The index had reached the junction of 40-day EMA and the daily lower Bollinger Band on Friday. The parameters together acted as a good support for the index.”
SPACs turn to ‘stonks’ as amateur traders take on more risk
An army of amateur traders that has fueled a rally in heavily shorted stocks, or “stonks,” such as GameStop Corp , has discovered the arcane world of SPACs. They are hearing about their obscure stock market tickers on social media, from TikTok to Twitter, and placing risky bets.
How to evaluate stocks before investing in them
Before investing in a stock one must start by reviewing the company’s financials. This is called quantitative research and it begins with pulling together a few documents that companies are required to file with Sebi.
Rupee slips 8 paise to settle at 73.55 against US dollar
At the interbank forex market, the local unit opened at 73.76 against the greenback and witnessed an intra-day high of 73.19 and a low of 73.76.
F&O: India VIX needs to cool down further for market to stabilise
Nifty needs to continue to hold above 14,700 zones to extend its move towards 14,900 and then 15,000 zones, while on the downside, immediate support exists at 14,600 and then 14,500 levels.
This is how the 30-pack Sensex moved in today’s session. It touched a high of 50,058.42 and a low of 49,440.46 to finally settle at 49,849.84
CLOSING BELL: Private lenders, Infy give Sensex 750 pts lift; Nifty above 14,750; Power Grid, ONGC surge 6% each
- Financials and IT sotcks lead the market gains
- 29 of 30 Sensex stocks end the day in the green
- Index contributors: HDFC, HDFC Bank, Kotak Bank, ICICI Bank, Infosys
- Top Index gainers: Power Grid (6.47%), ONGC (5.71%), UltraTech Cement (4.30%)
- Top Index losers: Airtel (4.44%)
- All BSE sectoral indices except telecom end the day in the green
- S&P BSE Basic Materials biggest sectoral gainer, up 2.91%
- S&P BSE Telecom biggest sectoral loser, down 3.41%
- Volume toppers: Airtel, SBI, Kotak Bank, Axis Bank, RIL
European stocks rebound as bond markets stabilise, UK outperforms
European stocks recovered on Monday after bond markets stabilized following a sharp selloff last week, while sentiment was boosted by heightened optimism over global COVID-19 vaccination programmes and a $1.9 trillion U.S. stimulus package.
This is how the major currencies are faring against each other
Most sectors in the green; Nifty PSU Bank index bucks trend, down 0.4%
Price as on 01 Mar, 2021 03:12 PM, Click on company names for their live prices.
Rashtriya Chemicals & Fertilizers, MMTC, NBCC, Deepak Fertilisers top performers among over 350 gainers on BSE 500
Price as on 01 Mar, 2021 03:07 PM, Click on company names for their live prices.
Market breadth favours gains
Overall market breadth favoured gains, with an advance-decline ratio of about 2:1, as 1,279 scrips moved higher on NSE against 666 that traded lower. On BSE, 1,904 stocks advanced while 1,119 declined.
China shares bounce; investors shrug off factory growth slowdown
Changing consumer behaviour set to boost this FMCG major
Dabur’s e-commerce segment contributed 6% to its revenues as on December 2020 as compared to 2% a year ago. However, the company still continues to invest in its brick and mortar network. This has made the company a favourite of analysts.
Changing consumer behaviour set to boost this FMCG major
Here are the top gainers and losers in the tourism and hospitality space
Price as on 01 Mar, 2021 02:36 PM, Click on company names for their live prices.
Shyam Metalics and Energy refiles for Rs 1,107 crore IPO
The Kolkata-based company tried to tap the capital markets in 2018 and received Sebi’s nod in early 2019. But the company deferred its plans to list on the bourses.
Reliance Jio just sent a message for Vodafone Idea, Bharti Airtel investors
The news should worry Vodafone Idea’s investors more than Bharti Airtel’s, analysts said.
Why Samir Arora wants to reduce holdings in digital plays, consumer stocks & go for financials
Domestic sentiments are positive, as February Purchasing Managers’ Index (PMI) data showed further improvement in health of the Indian manufacturing sector as firms responded to increases in new work intakes by lifting production, input buying and stocks of purchases. Buying interest was broad-based led by auto, consumer durables and IT shares. Adding to the optimism, the finance ministry said the GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of V-shaped recovery prospects. Despite the correction in the Nifty index, major indices have remained positive other than telecom.
– Likhita Chepaa, CapitalVia Global Research
As MTAR gears up for IPO, what management says & what analysts recommend
10 stocks hit 52-week lows on NSE
Price as on 01 Mar, 2021 01:25 PM, Click on company names for their live prices.
132 stocks hit 52-week highs on NSE
Price as on 01 Mar, 2021 01:24 PM, Click on company names for their live prices.
Buy Nestle India; target price Rs. 17,364: Prabhudas Lilladher
Nifty Bank up 0.8%; Kotak Mahindra Bank, HDFC Bank, ICICI Bank rise up to 2%
Price as on 01 Mar, 2021 12:44 PM, Click on company names for their live prices.
All operations on NSE platforms functioning smooth & normal: NSE spokesperson
All the Operations on the NSE platforms are functioning smooth & normal. NSE spokesperson.
— NSEIndia (@NSEIndia) 1614574720000
7 reasons behind the market rebound
Investors cheered progress over the $1.9 trillion Covid rescue plan in the US while welcoming a halt in the rising 10-year US treasury yields.
Sovereign gold bond price lowest in 10 months; should you subscribe?
The series-XII of the sovereign gold bond (SGB) scheme 2020-21 opened for subscription on Monday. The issue comes at a time when gold prices have dropped sharply and are trading near Rs 46,000.
NSE, BSE say all operations working fine amid technical glitch concerns
NSE said all its operations are functioning in a normal manner, amid reports of a possible technical glitch. BSE too said all its segments were working fine.
Maruti Suzuki sales grow 12% in February; analysts remain positive
Maruti Suzuki India said its total sales stood at 1,64,469 in February 2021, up 11.8 per cent compared with the corresponding period a year ago.
3x growth in 1 year! This water engineering firm has a lot going for it
As India’s focus has increasingly shifted to providing cleaner water and sustainable waste management, this company is looking to capitalise on the opportunity to build bigger fortunes.
HDFC Securities blocks trading in NSE cash for limited period; bourse says ops normal
HDFC Securities blocked trading in NSE’s cash segment for its clients for a limited period due to a “technical glitch”. NSE, which had suffered a nearly four-hour trading halt last week due to telecom connectivity issues, said all the operations across its platforms are “functioning smooth and normal”.
Stocks that analysts say may deliver handsome returns in a few weeks
Here is a collection of stocks, handpicked by analysts, that have the potential to deliver impressive returns in the next few weeks.
HDFC twins, ICICI Bank, Kotak Mahindra Bank, Infosys, M&M top Nifty movers
Bharti Airtel and Bajaj Auto were the biggest drags.
Go for Maruti, buy ICICI Bank on dips: Sandip Sabharwal
Zerodha users complain of outage on Monday morning
Traders on Dalal Street reported they were facing problems in executing trades on Zerodha and Angel Broking. Traders complained of suffering losses as markets surged in initial trade.
Nifty Auto index surges over 2% as auto companies gear up to report monthly sales data
Price as on 01 Mar, 2021 10:07 AM, Click on company names for their live prices.
A pullback could extend into the 14770-900 region, but a push beyond the same could complete the upside breakout of a flag pattern that the declines from the February peak is seemingly fitting in. This would also mean that the 16000-plus view is back in the radar.
– Geojit Financial Services
Godrej Properties buys 1.5 acre land parcels worth Rs 166 cr for residential proj in Mumbai
Realty firm Godrej Properties Ltd has bought around 1.5 acre land parcels for Rs 166 crore in Mumbai to develop a residential project. In a regulatory filing, Godrej Properties Ltd (GPL) announced the addition of a new residential project in Sanpada, Navi Mumbai. “GPL emerged as the highest bidder in the CIDCO e-auctioning process with the total bidding value of Rs 166 crore for the two adjacent plots,” it said.
HDFC twins, Infosys, ICICI Bank top boosts for Sensex
PowerGrid, ONGC, UltraTech Cement top performers among 27 Sensex gainers
Bharti Airtel, Dr Reddy’s and HUL were the only laggards in the 30-scrip pack in early deals.
OPENING BELL | Sensex climbs 500 points, Nifty nears 14,700
ONGC rises 4%, M&M 3%
Pre-open session: Sensex rallies 800 pts, Nifty tops 14,800
SGX Nifty signals gap-up start
Nifty futures on the Singapore Exchange traded 229 points, or 1.58 per cent, higher at 14,753.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty forms Island Reversal
Nifty50 tumbled over 550 points on Friday and formed an Island Reversal pattern on the daily chart. On the weekly scale, it formed a bearish candle, along with a lower high lower low formation. The candle patterns suggest a bearish bias for the market.
US House Passes $1.9 trillion Covid Relief Plan
US House of Representatives passed a $1.9 trillion coronavirus relief package early Saturday. Democrats who control the chamber approved the sweeping measure by a mostly party-line vote of 219 to 212 and sent it to the Senate, where Democrats planned a legislative manoeuvre to allow them to pass it without the support of Republicans.
Oil prices climb after progress on huge US stimulus bill
Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose $1.07, or 1.7 per cent, to $65.49 per barrel. The April contract expired on Friday.
Asian stocks bounce as bond market calms
Asian shares firmed on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent, after shedding 3.7 per cent last Friday. Japan’s Nikkei rallied 2 per cent. Hong Kong’s Hang Seng gained 0.87 per cent to 29,232.35.
US stocks settled lower on Friday
On Friday, the S&P 500 fell 18.19 points, or 0.5 per cent, to 3,811.15. The Dow Jones Industrial Average fell 469.64 points, or 1.5 per cent, to 30,932.37. Technology stocks recovered slightly following several days of heavy selling, but the Nasdaq still posted its biggest weekly loss since October.The Nasdaq rose 72.91 points, or 0.6 per cent, to 13,192.34.
Rupee logs worst day in 19 months, dives 104 paise
The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. Besides, rising geopolitical tensions between the US and Syria also led to weaker appetite among investors in domestic forex markets, analysts said
Sensex, Nifty on Friday
The BSE Sensex crashed about 1,940 points to post its biggest single-day fall in nearly 10 months and the NSE Nifty plunged over 568 points to crack below the psychological 15,000-mark on Friday, tracking global selloffs triggered by a panic in bond markets overseas. At the day’s close, the 30-share BSE Sensex settled 1,939.32 points or 3.80 per cent lower at 49,099.99 – its worst one-day fall since May 4 last year.
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