Stock Market Archives - Page 3 of 3

Share Market Update: Strong opening of the market, Nifty above 17,200

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.

Share Market Updates: Sensex jumps ahead of budget, Nifty above 17,500

The country’s general budget will be presented today. As Nirmala Sitharaman presents her budget tablet, the stock market will be monitoring it closely. Today, Tuesday, February 1, 2022, the opening of the market is creating a boom in the market. In the opening of the market today, both benchmark indices registered a substantial rally.

BSE Sensex jumped 600 points, while Nifty traded over 17,500 levels. At the opening, the Sensex was trading 603.39 points or 1.04 percent higher at 58,617.56, while the Nifty gained 159.25 points or 0.92 percent to 17,499.10.

As early trade unfolded, benchmark indices rose to new intraday highs. As of 09:42, the Sensex was at 58,688.79, up 674.62 points or 1.16%. As a result, Nifty added 183 points or 1.06% to 17,522.80. The real estate index of BSE has risen 1 percent.

According to the Economic Review for the financial year 2021-22 released on Monday, the market rose on the estimate of a better economic growth rate. Good openings in the European and Asian markets supported the upward trend in the domestic market. The Sensex was bullish yesterday and opened with good gains. Ultimately, it gained 813.94 points, or 1.42 percent, to close at 58,014.17. At the same time, Nifty advanced 237.90 points or 1.39 percent to close at 17,339.85 points.

During yesterday’s economic survey, some important data about the stock market was also shared. There has been a significant increase in interest in the Indian securities market from retail investors, according to the government. In April-November 2021, 2.21 crore individual Demat accounts were added as a result of the stock market boom.

As per the review, “the continued bullish trend in the Indian stock market has led to an increase in the participation of individual investors in the equity sector, and the share of individual investors in the total trading on NSE has risen from 38.8 percent in 2019-20 to 44.7 percent in April-October 2021.”

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