Expert's view on the market:
Closing updates:
Sensex gainers & losers
PSU Bank stocks shine:
Market update:
Nifty Bank index:
Shriram Transport Finance share price jumps 17%:
TVS Motor share price gains 10%:
Lupin reports Rs 438.3 crore net profit in Q3 FY21:
Steel Strips Wheels bags order:
IRFC debuts at discount:
Prabhudas Lilladher on IndiGo:
Nifty Auto Index up 1%:
InterGlobe Aviation Q3:
Asian Markets update:
Market View:
Gold Updates:
Wall St closes higher:
SGX Nifty:
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 54,630.13 | 311.66 | +0.57% |
| Nifty 50 | 16,358.05 | 98.75 | +0.61% |
| Nifty Bank | 34,573.45 | 271.55 | +0.79% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| TATA Cons. Prod | 756.90 | 22.65 | +3.08% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Power Grid Corp | 232.30 | -6.35 | -2.66% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Pharma | 12898.70 | 152.70 | +1.20% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 2519.95 | -4.20 | -0.17% |
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Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
Nifty broke 13,700 and closed below it. We could slide further to 13,400 and thereafter to 13,200.
The fall has been backed by very high volumes especially in the last hour of trade. Any rally can now be utilised to short the Nifty for lower targets. The resistance is now at 14,000 and until that is not crossed, we will remain in the grip of the bears.
Closing updates: Sensex closed 589 points, or 1.26 percent, down at 46,285.77 while Nifty shut shop at 13,634.60, down 183 points or 1.32 percent.
Mid and smallcap outperformed their larger peers as the BSE Midcap and Smallcap indices closed 0.69 percent and 0.25 percent lower, respectively.
Sensex gainers & losers
PSU Bank stocks shine: Most of the public sector banking stocks witnessed strong gains after the Economic Survey 2021 advocated in the favour of adequate capitalisation of public sector banks.
The Economic Survey 2021, released on January 29 ahead of Budget 2021, has called for adequate capitalisation of public sector banks. If capital is not provided, lenders may resort to risk-shifting, it said. In turn, impacting the real economic recovery.
Shares of Canara Bank, Bank of India and Punjab National Bank jumped up to 5 percent.
Dabur India Q3: Net profit was up 23.7 percent at Rs 493.5 crore against Rs 398.9 crore (YoY). Revenue was up 16 percent at Rs 2,728.8 crore against Rs 2,353 crore (YoY). EBITDA gained 16.5 percent at Rs 574.2 crore against Rs 492.9 crore (YoY).
Exide Industries Q3: Consolidated net profit at Rs 239.9 crore against Rs 118.1 crore (YoY).
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