2022-02-02 06:24:43
WEDNESDAY
02-FEB-2022
Bulls on the ride-Break out above 17715 is further upside
POSITIVE MARKET
Today’s Market Prediction:
Indian stock market Would open Gap up POSITIVE
Technically, Nifty is still in the Negative zone whereas BankNifty is still in the Positive zone
Nifty index formed a bullish candle on the daily Charts.
India VIX fell by 8.99% at 19.98
Oil rises after draw in US stocks, eyes on OPEC+ decision
Budget lacks any serious measures to boost revenue
India may become $5 trillion economy by 2025-26
TRAI recommendation on 5G spectrum by March, service roll out this year
Eicher Motors | Royal Enfield sold 58,838 motorcycles in January 2022, down 15 percent compared to 68,887 motorcycles sold in January 21.
ASM Technologies | The company and Hind High Vacuum formed a joint venture for semiconductor equipment manufacturing.
Ceinsys Tech | Chanchal Bhaiyya has tendered his resignation from the post of Chief Financial Officer of the company due to personal reasons.
Stocks in NEWS
Tech Mahindra | The company reported higher consolidated profit at Rs 1,378.2 crore in Q3FY22 against Rs 1,340.9 crore in Q2FY22, revenue rose to Rs 11,450.8 crore from Rs 10,881.3 crore QoQ.
Laxmi Organic Industries | The company reported higher consolidated profit at Rs 82.09 crore in Q3FY22 against Rs 45.21 crore in Q3FY21, revenue jumped to Rs 859.87 crore from Rs 435.5 crore YoY.
Gujarat Ambuja Exports | The company reported lower consolidated profit at Rs 105.13 crore in Q3FY22 as against Rs 109.62 crore in Q3FY21, revenue rose to Rs 1,238 crore from Rs 1,211.20 crore YoY.
Poonawalla Fincorp | The company reported higher consolidated profit at Rs 96.47 crore in Q3FY22 as against Rs 12.99 crore in Q3FY21, revenue fell to Rs 507.96 crore from Rs 589.33 crore YoY.
Windlas Biotech | The company concluded SAHPRA (South African Health Products Regulatory Authority) inspection audit report for the Plant-IV situated at Dehradun with zero critical observations/ deficiencies, zero major deficiencies and some minor deficiencies.
Imagicaaworld Entertainment | The company will re-open its Park from February 4.
Adani Ports & Special Economic Zone | The company reported lower consolidated profit at Rs 1,478.76 crore in Q3FY22 against Rs 1,576.53 crore in Q3FY21, revenue increased to Rs 3,797.10 crore from Rs 3,746.49 crore YoY.
Indian Hotels | The company reported consolidated profit at Rs 95.96 crore in Q3FY22 against loss of Rs 133.22 crore in Q3FY21, revenue jumped to Rs 1,111.22 crore from Rs 559.86 crore YoY.
Triveni Turbine | The company reported higher consolidated profit at Rs 35.67 crore in Q3FY22 against Rs 27.54 crore in Q3FY21, revenue rose to Rs 225.15 crore from Rs 173.56 crore YoY.
Market Indication:
Global: POSITIVE
NIFTY: POSITIVE
BANKNIFTY: POSITIVE
BULK Deals: Vikas Ecotech Limited etc...
Stocks In F&O Ban Period: Nil
Results Today: HDFC, Adani Green Energy, Dabur India, Aarti Surfactants, Apollo Tyres, Adani Total Gas, Bajaj Consumer Care, Balaji Amines, Balrampur Chini Mills, Blue Star, eClerx Services, Gillette India, Indian Overseas Bank, JK Lakshmi Cement, Jubilant FoodWorks, Mahindra & Mahindra Financial Services, Meghmani Organics, Sandhar Technologies, Shankara Building Products, Suryoday Small Finance Bank, Tata Consumer Products, Timken India, VRL Logistics, Windlas Biotech, Zee Entertainment Enterprises, and Zydus Wellness
SGX NIFTY: (Positive)
17723 +125.50 +0.71%
FII-DII: FIIs were net sellers of Rs.21.79 crores whereas DIIs were net Buyers of Rs.1597.70 crores in cash market for last trading session.
NIFTY (17576) The support for the Nifty is: 17340-17103-17100 and the resistance to the up move is at: 17717-17859-18000 levels.
BANKNIFTY (38505): The support for BankNifty is: 37863-37220-36580 and the resistance to the up move is at 38975-39445-39915 levels.
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