SGX Nifty was trading more than half a per cent reduce, indicating a unfavorable opening for BSE Sensex and Nifty on Wednesday. So far in February, headline indices have gained more than 12 per cent on Budget optimism and buoyant international markets. Analysts say the industry could continue with its positive momentum offered optimism more than Covid-19 vaccines rollout, faster financial recovery and hopes for additional US fiscal stimulus. “The market has fallen to the lowest level of the previous day but due to the unusual strength in the market, it has turned into a buying opportunity for short-term traders,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
Stocks in concentrate today:
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Stocks in concentrate: Jet Airways, Bharti Airtel, Vodafone Idea, BPCL, ONGC, DHFL, amongst other folks in news
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Stocks in concentrate: ITC, Titan, Magma Fincorp, SBI, PNB, Bank of India, Coal India, Ashok Leyland
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Stocks in concentrate: Bharti Airtel, Vodafone Idea, Titan, Eicher Motors, Tata Steel, Future Retail
Nureca, RailTel IPOs: The Rs one hundred-crore IPO of Nureca Ltd was subscribed 15 occasions on the second of the bidding approach. The problem will close for a subscription today. The equity shares of Nureca are proposed to be listed on BSE and NSE. While the Rs 820-crore initial public providing (IPO) of RailTel Corporation of India (RailTel) was subscribed 2.6 occasions on the initially day of the bidding approach. The value band of the problem was fixed at Rs 93-94 per share with a face worth of Rs 10.
Adani Ports and SEZ: The corporation mentioned that it has completed the acquisition of Dighi Port for Rs 705 crore and would invest more than Rs 10,000 crore in establishing it as an alternate gateway to JNPT.
Future Retail Ltd: The Securities Appellate Tribunal (SAT) has stayed the order passed Sebi, that had place a one-year ban on Future Retail Chairperson Kishore Biyani and some other promoters from the securities industry. SAT has also directed the Future Group promoters to deposit a sum of Rs 11 crore as an interim measure.
Nestle India: The corporation reported a 2.25 per cent rise in net profit to Rs 483.31 crore for the fourth quarter ended December. The corporation, which follows the January-December economic year, had posted a profit of Rs 472.64 crore in the very same period a year ago.
Tech Mahindra: IBM and Tech Mahindra on Tuesday mentioned they are deepening their collaboration, particularly in places like 5G, hybrid cloud, automation and cybersecurity, as the two tech giants work towards constructing a billion dollar ecosystem more than the next 3 years.
Results today: A total of eight BSE-listed providers which includes Pasupati Spinning, Sanghvi Forging and Engineering, SR Industries, Uniply Decor and Uniply Industries, amongst other folks will announce their quarterly earnings on February 17.