Home Stock exchange sensex today: Live Stock Market Updates: Sensex Accumulates 500 Points, Nifty Nears 17,300; SBI and Tata Steel up 3% each; IndiGo jumps 8% after Q3 show

sensex today: Live Stock Market Updates: Sensex Accumulates 500 Points, Nifty Nears 17,300; SBI and Tata Steel up 3% each; IndiGo jumps 8% after Q3 show

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Passenger vehicle retail sales drop 10% in January as chip shortage continues: FADA

  • Retail sales of passenger vehicles fell 10% year-on-year in January 2022 as companies continued to suffer production losses due to shortages of semiconductors, the dealer body FADA said on Monday. automobiles.

  • Passenger vehicle (PV) sales fell to 2,58,329 units last month, down 10.12% from 2,87,424 units in January 2021.

  • Sales of two-wheelers last month fell 13.44% to 10,17,785 units, from 11,75,832 units in January 2021.

  • Tractor sales were 55,421 units last month, down 9.86% from 61,485 units in January 2021.

Sensex extends its decline, down more than 350 points

Top 10 winners on NSE in morning trading

Price as of February 07, 2022 10:46Click on company names for their live prices.

Ashok Leyland supplies 200 buses to Bangladeshi government

Price as of February 07, 2022 10:28Click on company names for their live prices.

DCGI grants approval to single-shot Sputnik Light Covid vaccine for emergency use: Dr Reddy’s; the action cancels its first gains

DCGI grants approval to single-shot Sputnik Light Covid vaccine for emergency use: Dr Reddy's;  the action cancels its first gains

IMPACT ON PROFITS

Price as of February 07, 2022 09:48Click on company names for their live prices.

The surge in the US 10-year bond yield to 1.91% reflects growing concerns about high inflation and the Fed’s lag on the curve. The January employment report in the US at 4.67 lakh new jobs was well ahead of market expectations. Now, there is no doubt that the Fed will have to act decisively on inflation. If the Fed becomes very hawkish and proposes a 50 basis point rate hike in March, it could cause the markets to correct sharply. Brent Crude above $93 appears as a major macro headwind for India. The sale of FII impacts the market in the short term, but not in the medium term. FIIs have sold shares worth Rs 114100 cr since October 2021. But the Nifty now remains where it was at the beginning of October 2021. The sale of FII causes short-term gyrations but no significant medium-term impact term. A significant trend in the market is the turnover of IT to banks. Banks are likely to remain resilient and in IT there will be buying on the downside as earnings visibility is high.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

BUZZING: Godrej Properties shares rebound strongly after DB Realty deal canceled

BUZZING: Godrej Properties shares rebound strongly after DB Realty deal canceled

Most active stocks on NSE at start of trade

Price as of February 07, 2022 09:24Click on company names for their live prices.

Sector watch: Metal, FMCG & IT only sectors in the green

Sector watch: Metal, FMCG & IT only sectors in the green

Heat map | Main Sensex winners and losers at the opening tick

Heat map |  Main Sensex winners and losers at the opening tick

OPENING BELL: Sensex drops 100 points, Nifty50 below 17,500; Affle India jumps 10%

SGX Nifty reports a negative start

Nifty futures on the Singapore Stock Exchange traded 29.5 points, or 0.17%, at 17,460.50, signaling that Dalal Street was heading for a negative start on Monday.

Asian stocks generally trade lower

Asian stock markets mostly eased on Monday after incredibly strong U.S. jobs data eased concerns about the global economy, but also added risk of aggressive tightening from the US. the Federal Reserve. The MSCI Asia-Pacific ex-Japan equity index fell 0.24%.

US stocks sold mixed results

Another bumpy ride ended on Friday, with the Nasdaq recouping much of the ground it lost in the previous session as positive earnings from Amazon capped a week of mixed big tech numbers. increased by 1.58% to 14,098.01

Technical view

On Friday, Nifty50 faced resistance at the 20-day exponential moving average, but settled above the 17,500 mark. The index respected its 50-day moving average at the close and formed a small bullish candle with an upper wick on the weekly scale, suggesting selling at highs.

India VIX

The Fear Gauge was down more than one percent to the 18.90 level on Friday from its close at 19.16 on Thursday.

Fed tightening to support the dollar

The euro was close to Friday’s three-week high on Monday morning after the European Central Bank’s hawkish turn last week, but analysts said further near-term gains looked less likely with the looming tightening. Fed supporting the dollar. stable at $1.1451 The pound rose to 1.35310 The yen fell to 115.16 per dollar The yuan traded at 6.3328 against the greenback

Oil starts the week with a fall

Oil prices fell on Monday on expectations that U.S.-Iranian talks could be close to concluding on reviving a deal restricting the OPEC country’s development of nuclear weapons, which would boost the crude supply, although global supply concerns limited losses. Brent crude was down 53 cents, or 0.6%, at $92.74 a barrel at 0055 GMT. U.S. West Texas Intermediate crude fell 74 cents, or 0.8%, to $91.57 a barrel.

FII sell shares worth Rs 2,268 cr

Net-net, Foreign Portfolio Investors (REITs) became sellers of domestic equities to the tune of Rs 2,267.86 crore, according to data available with NSE. DIIs became net sellers to the tune of Rs 621.98 crore, according to the data. REITs withdrew Rs 3,627 crore from shares during the period Feb 1-4. REITs are net sellers for the fourth consecutive month.

Third quarter results today

PB Fintech, Tube Investments of India, Union Bank of India, TVS Motor Company, Minda Industries, GSK Pharma, Sundaram Finance, Clean Science & Technologies, KPR Mills, National Aluminium, Indian Bank, Phoenix Mills and Castrol India are among the companies that will announce their results for the December quarter today.

Rupee earned

The rupiah ended its three-day losing streak as it recovered 19 paise to close at 74.69 against the US dollar on Friday, following a weaker greenback against its main overseas rivals.

10-year bond yields eased

India’s 10-year bond fell 0.15% to 6.87 after trading in the 6.86-6.95 range on Friday.

Call rates

The weighted average overnight money rate stood at 3.23% on Friday, according to RBI data. It evolved within a range of 2.20 to 3.50%.