On Tuesday, the Indian stock market is off to a good start. The Nifty opens up more than 50 points higher. The Nifty is trading above 17,200 points. Around 57,870 points have been gained by Sensex today. About 100 points have been added to the Bank Nifty.
MPC meeting today on credit policy
The MPC will meet for three days on credit policy starting today. After tomorrow, on February 10, the policy will be announced. MPC bankers and economists have suggested that REVERSE REPO RATE may increase.
Adani Wilmar IPO
Adani Wilmar Limited, one of the country’s largest FMCG (fast-moving consumer goods) companies, is undergoing an initial public offering (IPO) on the BSE and NSE tomorrow, i.e., February 8. It is believed that shares of Adani Wilmar will enter the stock market at a 15% premium to its issue price due to the company’s dominant position in the branded edible oil industry, its steady growth in the packaged food business, diversity of products, good financial data, and good brand, among other factors.
Today’s result is 8 February
Bharti Airtel, IRCTC, Bata India, Jindal Steel & Power, Bajaj Electricals, Ajmera Realty & Infra India, Aster DM Healthcare, Astrazeneca Pharma, Borosil Renewables, Data Patterns (India), Endurance Technologies, Escorts, Glenmark Life Sciences, Godrej Consumer Products, Granules India, Gujarat Gas, HeidelbergCement India, Indraprastha Gas, Jammu & Kashmir Bank, Jagran Prakashan, J Kumar Infraprojects, JK Paper, Kolte-Patil Developers, Latent View Analytics, Mahanagar Gas, NCC, NMDC, Praj Industries, Redington (India), RITES, Stove Kraft, Suven Pharmaceuticals, and Tata Teleservices (Maharashtra) Today, the company will announce its quarterly results.
The global market is showing positive signs. Asia is off to a strong start. The SGX NIFTY is trading up about a quarter percent. Yesterday, the US markets closed mixed. Today, DOW FUTURES are slightly higher.