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Sensex Today: CLOSING BELL: Sensex drops 143 pts after choppy trade; Nifty barely holds


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Q3 EARNINGS: SHREE CEMENT

  • Cons PAT: Rs 492 crore vs 626 crore
  • Cons Revenue: Rs 3551 crore vs 3325 crore
  • Declares interim dividend of Rs 45 per share

The domestic market continued to ride yesterday’s downtrend with most sectors barring FMCG and Metal facing sell-off. Western markets also lacked strength as the Bank of England imposed a back-to-back rate hike in yesterday’s policy meeting while the dovish ECB acknowledged the risk of rising inflation signalling a rate hike in the future. Wall Street remained highly volatile as a huge sell-off was seen in Meta (Facebook) post its earnings.

– Vinod Nair, Head of Research at Geojit Financial Services

Nifty remained volatile throughout the day with a bearish tone. The consolidation may continue in the short term as long as Nifty remains with the bands of 17400 and 17800. Any directional breakout in the near term may induce further significant move in the market.

– Rupak De, Senior Technical Analyst at LKP Securities

Top gainers & losers from today’s trade

Price as on 04 Feb, 2022 03:37 PM, Click on company names for their live prices.

Broader markets underperform benchmark Nifty50

Broader markets underperform benchmark Nifty50

Sensex Heatmap | 11 of 30 stocks close in the green

Sensex Heatmap | 11 of 30 stocks close in the green

CLOSING BELL: Sensex drops 143 pts after choppy trade; Nifty barely holds 17,500; SBI, NTPC fall up to 2% each

CLOSING BELL: Sensex drops 143 pts after choppy trade; Nifty barely holds 17,500; SBI, NTPC fall up to 2% each

JUST IN: Adani Wilmar IPO priced at Rs 230 per share

EARNINGS IMPACT: Monte Carlo tumbles after Q3 profit falls 2.4% to ₹77.4 crore

Price as on 04 Feb, 2022 03:25 PM, Click on company names for their live prices.

Typically, a drop in valuation and stock prices can be attributed to a variety of factors. For Facebook, I’ve seen analysts speculate how competing apps are negatively impacting growth. In a country where their most prominent competitor ‘TikTok’ is banned, we’ve still seen slower growth, so I wouldn’t say that’s the only factor by any measure. Facebook’s leadership has also attributed it to the hiked telecom prices in India, and while there may be a correlation between the hiked telecom prices, and the slower user growth for Facebook – it cannot possibly be the largest attributing factor. In fact, I’d say the decline is a natural consequence of the company’s unprecedented growth. It’s an unrealistic expectation for the platform to gain users at the same momentum indefinitely. India is Facebook’s largest market, in terms of the number of users so it’s obvious how India would play a major role in how this plays out for the global market.

– Nikhil Kamath, Co-founder, True Beacon and Zerodha

Most active stocks in late afternoon trade

Price as on 04 Feb, 2022 03:18 PM, Click on company names for their live prices.

Q3 EARNINGS: Aditya Birla Fashion and Retail

  • Cons PAT at Rs 189.3 cr vs Rs 59.4 cr
  • Cons Revenue up 43.9% at Rs 2,987 cr vs Rs 2,076 cr
  • Cons EBIDTA Margins at 19.5% vs 19.6%

EARNINGS IMPACT: Firstsource under pressure after Q3 results

Price as on 04 Feb, 2022 02:59 PM, Click on company names for their live prices.

Top Sensex drags

Top Sensex drags

Top losers from the real estate sector

Price as on 04 Feb, 2022 02:19 PM, Click on company names for their live prices.

FTSE 100 gains as banks lift sentiment after rate hike

London’s FTSE 100 rose on Friday driven by commodity-linked stocks and banks, a day after the Bank of England (BoE) raised interest rates for the second consecutive time to curb inflation. The FTSE 100 index rose 0.8%, with energy stocks and base metal miners leading the gains, while the FTSE mid-cap index rose 0.6%.

Extreme foreign selloff in Indian stocks may ease, shows history

“The current sharp sell off may signal a climactic move,” Nitin Chanduka and Kumar Gautam, analysts with Bloomberg Intelligence wrote in a note. “In past instances of major FII exodus from India, foreign selling has generally eased when peak-to-trough outflows neared $8-$10 billion, with the sole exception of the 2008 crisis.”

Adani Green Energy raises Rs 612 crore for debt refinancing

Price as on 04 Feb, 2022 01:32 PM, Click on company names for their live prices.

Most defence stocks trade in the red

Price as on 04 Feb, 2022 01:27 PM, Click on company names for their live prices.

EARNINGS UPDATE: BANK OF INDIA

NIFTY METAL index shines, rises over 1%

NIFTY METAL index shines, rises over 1%

Mobile Streams says it will launch new services in India in partnership with Vodafone India

Price as on 04 Feb, 2022 12:52 PM, Click on company names for their live prices.

Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody’s

  • Moody’s Investors Service on Friday said India’s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year.

  • The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending March 2022, following growth of 13.6 per cent in the first half of the fiscal till September.

  • Mirroring the government’s conservative growth assumptions, the revised budget estimates for fiscal 2021 show revenue receipts growing only 27.2 per cent, which leaves some scope for further gains once the fiscal accounts are tallied at the end of March 2022, Moody’s said.

Suzuki says full-year India sales expected to increase 3% YoY (Source: Informist)

Price as on 04 Feb, 2022 12:30 PM, Click on company names for their live prices.

Q3 Earnings: Antony Waste Handling Cell

  • REVENUE: Rs 161.3 crore vs Rs 123.5 crore
  • PAT: Rs 13 crore vs Rs 13.6 crore

Healthcare sector well placed for a re-rating from the current levels: MOSL

  • Healthcare P/E had moved sharply to 7% premium in Jun’21 from 40% discount to its 10- year average in Mar’20. However, since then it is trending downward and is currently at 5% discount to its 10-year average.

  • The emerging markets business was disrupted by the pandemic. However, it is back on track now with an ease of COVID-related restrictions. With outlook improving across key markets of developed countries/India/other emerging markets and with valuation at comfortable levels, MOFSL believes the sector to be well placed for a re-rating from the current levels.

Q3 EARNINGS: DEVYANI INT’L

  • PAT: Rs 63 crore vs Rs 48 crore
  • Revenue: Rs 624 crore vs Rs 379 crore

Here are the top losers from the pharma pack

Price as on 04 Feb, 2022 11:46 AM, Click on company names for their live prices.

Lupin Q3 net profit up 24% at Rs 545 crore

Drugmaker Lupin on Friday reported a 24.45 per cent rise in its consolidated net profit at Rs 545.5 crore for the third quarter ended December 31. The Mumbai-based drugmaker had reported a net profit of Rs 438.3 crore in the October-December quarter of the previous fiscal. The company’s sales increased to Rs 4,087.5 crore in the third quarter, against Rs 3,917.3 crore in the same period of 2020-21, Lupin said in a statement.

Harsha Engineers files draft papers with Sebi to raise Rs 755 cr via IPO

Harsha Engineers International, a manufacturer of precision bearing cages, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 755 crore through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer for sale (OFS) of up to Rs 300 crore by existing shareholders, according to the draft red herring prospectus (DRHP).

ONGC to hive off gas business into new subsidiary, says chairman; stock up 2% (Source: Reuters)

Price as on 04 Feb, 2022 11:14 AM, Click on company names for their live prices.

IPO CHECK: Vedant Fashions subscribed 6% within one hour of bidding process

IPO CHECK: Vedant Fashions subscribed 6% within one hour of bidding process

Ambika Cotton surges 12% as Vijay Kedia picks stake in firm

Price as on 04 Feb, 2022 10:56 AM, Click on company names for their live prices.

Uday Kotak on Meta share crash

Inox Leisure announces commencement of operations at Vellore 3-screen multiplex cinema

Price as on 04 Feb, 2022 10:43 AM, Click on company names for their live prices.

Ahead of earnings…

Price as on 04 Feb, 2022 10:41 AM, Click on company names for their live prices.

Vedant Fashions IPO opens: Is it the right fit for your portfolio?

Dealers tracking the grey market said that the stock was trading at a premium of Rs 43 or just 5 per cent over the higher end of the price band. The company has received mixed reviews from analysts ahead of the IPO. Expensive valuations, offloading of stake by promoters and muted financials are key risks to the issue, said critics, whereas those who are positive on the issue said that the company is a leading player in its market segment, with a strong supply chain.

Top 10 losers in morning session

Price as on 04 Feb, 2022 10:20 AM, Click on company names for their live prices.

Sensex wipes off opening losses, rises 100 points

Sensex wipes off opening losses, rises 100 points

Market is likely to remain in the volatile zone in the short run. Russia-Ukraine tensions, fears of worse-than-expected tightening by the Fed and sharp rise in Brent crude are issues of concern. Retail investor optimism and DIIs flush with funds are positives. These positives are supported by recovery in growth and earnings. The best short-term strategy under these uncertain and volatile times is to wait and watch for clarity to emerge. Also, dips can be used to buy high quality stocks with earnings visibility across sectors, preferably financials and IT.

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

YES Bank, ITC among most active stocks on NSE

Price as on 04 Feb, 2022 09:24 AM, Click on company names for their live prices.

Sector Watch | Metal, PSU Bank indices only gainers

Sector Watch | Metal, PSU Bank indices only gainers

OPENING BELL: Sensex sheds 130 points, Nifty50 below 17,550; Adani Power gains 4%, ITC 2%

OPENING BELL: Sensex sheds 130 points, Nifty50 below 17,550; Adani Power gains 4%, ITC 2%

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 40.5 points, or 0.23 per cent, higher at 17,559, signaling that Dalal Street was headed for a positive start on Friday.

Tech View

Nifty50 on Thursday snapped a three-day winning streak, and did not respect a bullish gap zone, as it formed a bearish candle on the daily chart. The index, however, found some support around its 50-day EMA.

India VIX

The fear gauge jumped almost 3 per cent to 19.16 level on Thursday over its close at 18.65 on Wednesday.

Asian shares trade mixed

Asian stocks, opened nearly flat, before giving up the gains on Friday as investors digested sharp selloffs on Wall Street. Those, resuming the trade after a lunar new year break, were trading higher. MSCI’s index of Asia-Pacific shares outside Japan was up by 0.58 per cent.Japan’s Nikkei slumped 0.32%South Korea’s Kospi gained 0.84%Australia’s ASX 200 shed 0.24%New Zealand’s DJ dropped 0.58%Hong Kong’s Hang Seng added 1.57%

US stocks snapped winning run

Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks closing lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.Dow Jones tanked 1.45% to 35,111.16S&P 500 slumped 2.44% to 4,477.44Nasdaq plunged 3.74% to 13,878.82

Dollar set for bruising week

The dollar index was heading for its worst week in nearly two years on Friday as the euro held firm at a three-week high and sterling gained after hawkish shifts from the European Central Bank and the Bank of England.Dollar Index eased to 95.271Euro climbed to $1.1452Pound gained to $$1.3604Yen moved to 114.98 per dollar

Oil extends gains

Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies.Brent crude was up 16 cents, or 0.2 per cent, to $91.27. US West Texas Intermediate crude rose 28 cents, or 0.3 per cent, to $90.55 a barrel. It settled above $90 for the first time since October 6, 2014.

FIIs sell shares worth Rs 1,598 cr

Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,597.54 crore, data available with NSE suggested. DIIs turned net sellers to the tune of Rs 370.58 crore, data suggests.

Q3 earnings today

Tata Steel, Shree Cements, Siemens, Interglobe Aviation, One97 Communications, REC, Alkem Labs, Thermax, Astral, Aditya Birla Fashions, Bank of India, Bayer Cropscience, Devyani International, Narayana Hrudayalaya, Firstsource Solutions, are among the companies that will announce their December quarter results today.

Rupee slips lower

The rupee edged lower by 5 paise to log its third straight session of loss against the US dollar on Thursday as stronger greenback against key rivals and muted domestic equities weighed on forex market sentiment.

10-year bonds

India 10-year bond jumped 0.13 per cent to 6.88 after trading in 6.86 – 6.89 range on Thursday.

Call rates

The overnight call money rate weighted average stood at 3.29 per cent on Thursday, according to RBI data. It moved in a range of 2.20-3.80 per cent.





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