Chinese markets wobbled after an official factory survey showed China’s manufacturing activity in January contracted for a fourth straight month.
Taking Stock: Market back in the red; Sensex plunges 802 points, Nifty below 21,550
Top Nifty losers were Bajaj Finance, Titan Company, UltraTech Cement, NTPC and Bajaj Finserv, while gainers were Tata Motors, BPCL, Grasim Industries, Eicher Motors and Adani EnterprisesNifty, Sensex decline as investors await budget, mega-cap earnings, Fed meet
Selling in power and FMCG names dragged the markets down. However, buying in metal, realty and oil and gas stocks capped the lossesMid-day Mood | Indices volatile ahead of Budget 2024; media, oil gas outperform
Investors seemed hesitant to make significant decisions ahead of several key events this week including the interim budget and Fed rate decision, say analystsChola Inv Finance shares up 3.77% as Nifty gains
A total of 20,385 shares changed hands on the counter till 10:04AM (IST).
ITC shares fall 1.5% on operationally weak Q3 earnings. Should you buy stock?
ITC reported a 6% growth in its consolidated net profit at Rs 5,335 crore for the quarter ended December. The same stood at Rs 5,006 crore in the year-ago period. The profit beat the ET Now Poll expectation of Rs 5,072 crore.
Konstelec Engineering shares list with 200% premium on NSE SME platform
Konstelec Engineering debuted on the NSE SME platform with a premium of 200%, listing at Rs 210 compared to the issue price of Rs 70. The company’s shares commanded a robust GMP of Rs 90 in the unlisted market. The SME IPO of Konstelec Engineering received massive subscription and raised around Rs 28.7 crore.
Taking Stock: Market posts solid gains; Sensex up 1,241 pts, Nifty above 21,700
Among sectors, oil gas index up 5 percent, Power index up 3 percent, and Capital Goods index up 2 percentNifty, Sensex surge in Budget week; Q3 earnings, Fed meet to dictate trend
“Technically 21,750 is a strong resistance for Nifty around which we expect the current rally to cool off. Supports are placed at 21,137 and 20,870 on the downside,” said Rahul Sharma of JM Financial Services.Sensex surges 1,000 pts, Nifty tops 21,650: Asian cues among key factors driving Dalal Street
Analysts expect volatility to remain high through the week in the backdrop of major events like the Interim Budget and the US Federal Reserve#39;s monetary policy meeting.