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Sensex Heater | Major gainers and losers as the index drops more than 500 points
Nifty weakness must have extended to 17200 and beyond for a brief period before the sellers pulled back. While the 16800s seem fairly close today, we believe consolidation is now in order. If 17280-300 is not broken on the rebound, the bears will resume their dominance and Nifty will most likely look for support in 16900. A vertical recovery is not expected, if 17280-300 is broken, and bullish targets will be modest and limited to 17350-400-460.
– Anand James – Chief Market Strategist at Geojit Financial Services
Top 10 losers of the morning
Price as of 08 Feb. 2022 10:53Click on company names for their live prices.
Slump! Nifty slips below 17,150
An interesting trend in the market is that selling is in large caps. High quality large cap stocks like the HDFC twins are being hammered by bears simply because FIIs hold a large amount of these stocks and bears expect FIIs to sell them more, regardless of their strong fundamentals and the visibility of their profits. Such market aberrations can provide buying opportunities for sophisticated long-term investors.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Airtel Q3 Earnings Snapshot: Earnings May Fall 50% QoQ; Arpu seen to rise to Rs 162
Bharti Airtel is expected to report a 53.5% sequential decline in its consolidated profit to Rs 928 crore for the December quarter, according to an ET NOW poll of analysts. Lower earnings would be seen as September quarter figures were helped by the spectrum asset sale proceeding to Reliance Jio. Consolidated revenue is expected to grow by 3.7% QoQ to Rs 29,367 crore.
Sensex oscillates between gains and losses
REGISTRATION DAY | Adani Wilmar bounces back strongly from lukewarm start
Bitcoin near $44,000; XRP, Shiba Inu zoom up to 20%
Except for the dollar-pegged USD coin, the other nine of the top 10 digital tokens were trading with decent gains on Tuesday. Bitcoin hit a four-week high, climbing for back-to-back sessions lately, in part due to the liquidation of some short positions that built up in the virtual currency’s recent three-month downtrend. XRP zoomed 20%, while Shiba Inu rebounded 15%.
ALERT: Adani Wilmar pre-open indicative price at Rs 221 vs issue price of Rs 230
IMPACT ON PROFITS
Price as of 08 Feb. 2022 09:46Click on company names for their live prices.
JUST IN: Eclat Media Group selects Tata Communications to bring global sports to pan-Asian viewers; stock up to 1%
Price as of 08 Feb. 2022 09:36Click on company names for their live prices.
Most active stocks on NSE
Price as of 08 Feb. 2022 09:25Click on company names for their live prices.
Sector watch | All indices start on solid foundations
OPENING BELL: Sensex rises 150 points, Nifty50 above 17,250; Maruti and Tata Steel earn 2% each
SGX Nifty reports positive start
Nifty futures on the Singapore Stock Exchange traded 18 points, or 0.10%, at 17,232, signaling Dalal Street was heading for a positive start on Tuesday.
Asian stocks trade mixed
Asian shares opened mostly higher on Tuesday despite falls on Wall Street on lingering uncertainties over the fast-spreading Omicron variant, inflation and worries in Ukraine, but investors focused on earnings from stocks. businesses. The MSCI Asia-Pacific ex-Japan equity index rose 0.06%.
The Nifty50 fell for the third session in a row on Monday and also slipped below its 50-day moving average. The index formed a bearish candle on the daily scale and fell high-low for the third consecutive session, suggesting that the bears have an advantage over the bulls.
The Fear Gauge climbed more than 8% to the 20.44 level on Monday from its close at 18.90 on Friday
US stocks have stabilized
Wall Street ended lower on Monday as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton surged on reports of interest from potential buyers including Amazon. fell 0.58% to 14,015.67
Euro rebound pauses ahead of US inflation
A resurgent euro was pushed back just short of high resistance levels on Tuesday as traders awaited US inflation data due later in the week, fearing it could trigger gains on the dollar. The yen fell to 115.22 to the dollar The yuan traded at 6.3574 against the greenback
FII sell shares worth Rs 1,157 cr
Net-net, Foreign Portfolio Investors (REITs) became sellers of domestic equities to the tune of Rs 1157.23 crore, according to data available with NSE. DIIs became net sellers to the tune of Rs 1,376 crore, according to the data.
Third quarter results today
Bharti Airtel, Godrej Consumer Products, Gujarat Gas, IRCTC, Jindal Steel and Power, NMDC, Tata Teleservices (Maharashtra), Indraprastha Gas, Bata India, Escorts, Endurance Technologies, Suven Pharmaceuticals, BSE, Redigton (India) and EID Parry are among companies that will announce their results for the December quarter today.
Adani Wilmar registration today
Adani Group’s FMCG will go public on Tuesday, being the second player to debut on Dalal Street on the stock exchange. The company raised Rs 3,600 crore via its IPO between January 27-31 by selling its shares in a range of Rs 218-230 each.