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Sensex Today: Stock Market Live Updates: Sensex, Nifty extend decline; Auto index jumps


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Granules receives ANDA approval for Bupropion Hydrochloride tablets

Price as on 03 Feb, 2022 12:10 PM, Click on company names for their live prices.

Varun Beverage returns to black in Q3

Varun Beverage returns to black in Q3

Q3 EARNINGS: KALYAN JEWELLERS

  • PAT: Rs 135 crore vs Rs 115 crore YoY
  • Revenue: Rs 3435 crore vs Rs 2936 crore YoY
  • Stock up 1% post Q3 earnings

MARKET WATCH: Sensex extends decline, down over 400 points

MARKET WATCH: Sensex extends decline, down over 400 points

Apollo Tyres partners with Tata Power to deploy EV charging stations at its Commercial & Passenger Vehicle Zones across India

Price as on 03 Feb, 2022 11:53 AM, Click on company names for their live prices.

Choince Broking on Vedant Fashions: Subscribe with Caution

At the higher price band of Rs866, the demanded valuation of Rs21,017 cr is derived at P/S of 37.2x on FY21E and 29.2x on FY22E annualised sales. There are no listed peers having the same profile of business. Based on our quick estimates, the issue is priced at P/S of 21.2x and P/E of 44.7x on FY24E. Thereby, we view the issue is aggressively priced leaving no margin of safety for investors. Thereby it warrants caution on the valuation front. Furthermore, high level of receivables (avg. ~50% of sales over FY19-FY21) can erode the OCF margin going forward. Considering all above parameters, we assign ‘Subscribe with Caution’ rating to the issue.

Check out the top gainers & losers from tourism & hospitality space

Price as on 03 Feb, 2022 11:31 AM, Click on company names for their live prices.

ITC Q3 Preview: Cigarette maker may post up to 53% profit growth

Fast-moving consumer goods (FMCG) company ITC is likely to deliver strong growth in revenue and profits for the December quarter when it announces its result on Thursday. Analysts estimate net profits to grow as much as 53 per cent year-on-year while sales are expected to jump up to 46 per cent year-on-year (YoY). Ebitda margins are likely to jump, they said.

ITC Q3 Preview: Cigarette maker may post up to 53% profit growth

JUST IN: TCS to expand STEM education programs in New Jersey and add 1,000 new employees by 2023

Price as on 03 Feb, 2022 11:05 AM, Click on company names for their live prices.

India may cut record 2022/23 market borrowing plan by up to Rs 60,000 cr

The Indian government may reduce by as much as 600 billion rupees its planned record market borrowing of 14.95 trillion rupees ($200 billion) for the next fiscal year, two government sources said. The sources said the latest bond switch conducted by the government with the central bank at the end of January was not factored into budget estimates released on Tuesday. The reduction could be announced before the end of March, the sources said requesting anonymity because of the sensitivity of the matter. (Source: Reuters)

JUST IN: IHS Markit India Jan Services PMI at 51.55 vs 55.5 in Dec

MapmyIndia shares rise as firm to acquire 9.9% stake in Pupilmesh

Price as on 03 Feb, 2022 10:30 AM, Click on company names for their live prices.

Most active stocks on NSE at this hour

Price as on 03 Feb, 2022 10:18 AM, Click on company names for their live prices.

Nifty Auto best sectoral performer; here are the gainers from the pack

Nifty Auto best sectoral performer; here are the gainers from the pack

Sensex extends decline, down 350 points

Sensex extends decline, down 350 points

Globally markets are in high volatile territory and this is likely to continue till some clarity emerges on the Fed rate hike decision in March. If the Fed opts for a 50bp rate hike in March, as some experts fear, there will be a sell-off in equity markets globally. But now, this is a low probability event. The Fed would prefer gradual rate hikes without upsetting markets. In India, the RBI is likely to raise the reverse repo rate in the February 9th meeting, indicating policy normalization. Technically, the market is strong aided by the steady decline in FII selling, and DIIs and retail investors consistently buying dips. Financials are strong and IT is staging a comeback after the recent correction. This trend is likely to continue.

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

Vedanta denies reports of talks on Vedanta Resources merger; the company said no such proposal is under consideration

Price as on 03 Feb, 2022 09:38 AM, Click on company names for their live prices.

Tyre stocks fall as CCI imposes penalty

Price as on 03 Feb, 2022 09:23 AM, Click on company names for their live prices.

Sector Watch: IT, Media indices decline the most

Sector Watch: IT, Media indices decline the most

Sensex Heatmap: 12 of 30 stocks in the green

Sensex Heatmap: 12 of 30 stocks in the green

OPENING BELL: Sensex sheds 150 points, Nifty at 17,770; M&M Financial drops 5%, ZEE 3%

OPENING BELL: Sensex sheds 150 points, Nifty at 17,770; M&M Financial drops 5%, ZEE 3%

Pre-open session: Sensex rises 45 points, Nifty below 17,750

Meta plunges 23%, Nasdaq futures down 2%

Shares in Facebook owner Meta plunged 22.6 per cent in after-hours trading as earnings and the outlook fell short of expectations. Shares in Twitter and Spotify also fell and Nasdaq 100 futures dropped 2%. If the drop holds until the US market opens Thursday, the company’s overall value, known as its market capitalization, is on track to drop by a figure greater than the size of the entire Greek economy, based on data from the World Bank.

Dollar takes a break from recent slide

The dollar found a footing in Asia on Thursday, pausing the week’s slide as a slump in tech and social media stocks soured appetite for riskier currencies, and as traders awaited central bank meetings in Britain and Europe. The risk-sensitive Australian and New Zealand dollars fell slightly in morning trade. Sterling and the euro did not extend recent gains, and the common currency was marginally weaker at $1.1297. The yen held at 114.41 per dollar.

ITC Q3 results today

Analysts estimate net profits to grow as much as 53 per cent year-on-year while sales are expected to jump up to 46 per cent year-on-year (YoY). Ebitda margins are likely to jump, they said. In the September quarter, the company had reported a 13.67 per cent YoY rise in standalone net profit at Rs 3,697.18 crore. Revenue from operation had grown 11.97 per cent YoY.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 22 points, or 0.12 per cent, higher at 17,786.50, signaling that Dalal Street was headed for a negative start on Thursday.

Tech View: Nifty50 forms small bullish candle

Nifty50 on Wednesday rose for the third straight day and, in the process, breached its 20-day moving day on a closing basis. The index traded in a narrow range during the session after a gap-up start and, eventually, formed a small Bullish Candle on the daily chart. The index needs to stay above the bullish gap range of 17,674-622 for further upside.

Nikkei opens lower as Ukraine crisis worries investors

Tokyo stocks opened lower Thursday as investors’ worries grew over the intensifying crisis in Ukraine. The benchmark Nikkei 225 index dropped 0.88 percent or 242.42 points to 27,291.18, while the broader Topix index fell 0.47 percent or 9.19 points at 1,927.37. The dollar fetched 114.37 yen, off from 114.42 yen on Wednesday in New York.

Rupee pares initial gains to settle flat against dollar

The rupee pared its initial gains to settle on flat note at 74.83 against US currency on Wednesday due to dollar demand from foreign banks. Forex traders said higher-than-expected borrowing in the next financial year and weak fiscal deficit projections from the government weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 74.76 against the American dollar, and later witnessed an intra-day high of 74.71 and a low of 75.02 against the greenback.

Wall St posts 4th straight gain

All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices. The Dow Jones Industrial Average rose 224.09 points, or 0.63%, to 35,629.33, the S&P 500 gained 42.84 points, or 0.94%, to 4,589.38 and the Nasdaq Composite added 71.54 points, or 0.5%, to 14,417.55.

Sensex, Nifty on Wednesday

The 30-share BSE benchmark climbed 695.76 points or 1.18 per cent to finish at 59,558.33 — its third straight session of gains. Likewise, the broader NSE Nifty jumped 203.15 points or 1.16 per cent to end at 17,780.00. IndusInd Bank was the top gainer in the Sensex pack, spurting 5.57 per cent, followed by Bajaj Finserv, HCL Tech, Bajaj Finance, Kotak Bank and Axis Bank.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day



Read More: Sensex Today: Stock Market Live Updates: Sensex, Nifty extend decline; Auto index jumps

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