Nifty futures had been trading 84.50 points or .56 per cent larger at 15,242.50 on Singaporean Exchange, indicating a gap-up start out for BSE Sensex and Nifty 50 on Monday. In the post Union Budget 2021 week, headline indices posted practically one per cent gains. According to the analyst, Nifty has to hold above 15050 to continue its bullish momentum towards 15250-15500 although on the downside key assistance can be noticed about 15000-14850. “From the long term perspective, the structure of the market remains constructive and one can apply buy on dips strategy,”stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
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ONGC requires leaf out of Reliance’s book, floats subsidiary to purchase own gas
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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
Jet Airways: A total of 23 BSE-listed providers which includes Jet Airways, CDG Petchem, Emmsons International, Eureka Industries, Hawa Engineers, Hindustan Everest Tools, JIK Industries, Sunraj Diamond Exports, Vishvprabha Ventures and Vantage Knowledge Academy, amongst other folks are slated to announce their quarterly earnings on February 15.
BPCL: Prime Minister Narendra Modi on Sunday that the Propylene Derivative Petrochemical Project (PDPP) of Bharat Petroleum Corporation Ltd will strengthen the journey towards an Aatmanirbhar Bharat. He stated that the project will save foreign exchange and also enable in employment generation.
Bharti Airtel, Voda-Idea: Telcos are probably to bid conservatively at the spectrum auctions in March. Based on the deposits of Reliance Jio, Bharti Airtel and Vodafone Idea, the total quantity bid would be about Rs 86,290 crore, and going by the upfront payment that the operators would make, the government would be capable to realise about Rs 43,145 crore.
Vodafone Idea: Vodafone Idea has narrowed its net loss to Rs 4,540.8 crore for the October-December 2020 quarter. The business had reported a net loss of Rs 7,203.4 crore in the preceding July-September period.
DHFL: Dewan Housing Finance Corporation posted a net loss of Rs 13,095 crore in the third quarter (Q3FY20). The business had posted a net profit of Rs 934 crore in the year-ago quarter.
ONGC: Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for the gas business enterprise that could be used to bid and purchase gas from the firm’s personal fields. The board of ONGC at its meeting on February 13 authorized creation of a new wholly-owned subsidiary business for gas and liquefied all-natural gas (LNG) business enterprise worth chain topic to required approvals, according to the firm’s third-quarter earnings announcement.