Feb 3, 2021 4:00 PM

Feb 3, 2021 3:55 PM

Feb 3, 2021 3:51 PM

Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

We have been successful in getting past 14,753.55 which was the previous high recorded by the Nifty. We should now target 15,000-15,100 and given the strong bullish tone, we could achieve this during the course of the February series. While we have good support at 14,200-14,300, a buy on dips strategy would be most appropriate.

Feb 3, 2021 3:51 PM

Here are key stocks that moved the most on February 3

Shares of Ajanta Pharma rallied 3.5 percent after the company reported strong earnings for the quarter ended December 2020.Get latest Market online at cnbctv18.com

Feb 3, 2021 3:48 PM

Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

Nifty has surged to a record high today, extending its advance for a third straight session, led by sharp gains among Banking, IT, Pharma, and Auto stocks. Broader markets are also trading on a firm note, with the Nifty Midcap 100 index inching closer to its life-time high and the Smallcap 100 index nearing its highest level in more than two years.

Since the Union Budget on Monday, momentum has clearly continued favouring the bulls, with every minor intraday dip being aggressively bought. With global cues quite favourable and laggards also joining in the post-Budget rally, it looks likely that Nifty could touch 15,000 very soon.

Feb 3, 2021 3:47 PM

Market At Close

- Market At Record High, Extends Gaining Streak To 3rd Straight Day

- All Frontline Indices Close At Life Highs, Gain 1% Each Today

- BSE’s Market Cap Nearing `200 Lk Cr; It’s Up Over `12 Lk Cr In Last Three Days

- Sensex Ends Above 50,000 For the 1st Time Ever, Gains 430 Pts To 50,227

- Nifty Rises 142 Points To 14,790 & Nifty Bank 491 Points To 34,758

- Midcap Index Gains In-line With Peers, Closes 320 Pts Higher At 22,435

- PSUs Continue To Gain On Privatisation Move; Nifty CPSE & PSU Bank Up 3% Each

- 2 Of Top 5 Nifty Gainers Are PSUs; Those Stocks Are Power Grid & Coal India

- IndusInd Sees The Biggest Gaining Streak In Last 3 Mths; It’s The Top Nifty Gainer

- Dr Reddy’s Moves 4% Higher On Sputnik-V’s Interim Phase-III Report

- Tata Motors Gains Another 3% Today; It’s Mkt Cap Is Back Above `1 Lk Cr

- UPL, Shree Cement, Maruti & ITC Close Lower In A Strong Trading Session

- Bajaj Cons Rises 20% & Butterfly 10% After A Strong Set Of Earnings For Q3

- Jubilant Food Ends Lower As Q3 Same-store-sales Growth Comes In Below Estimates

- PI Ind, Venky’s, Deepak Fert Rise While V-Guard Sees Profit Booking Post Earnings

- Market Breadth Favours Advances; Advance-Decline Ratio At 2:1

Feb 3, 2021 3:42 PM

Closing Bell | Indian equity benchmark indices, Sensex and Nifty, ended at record high levels Wednesday extending gains for the third straight session led by gains in banking, metal and pharma indices. The Sensex ended 458.03 points, or 0.92 percent higher at a new closing high of 50,255.75, while the Nifty rose 142.10 points, or 0.97 percent to its record close of 14,789.95. Broader markets also surged for the day with the midcap and smallcap indices up over 1 percent each.

On the Nifty, IndusInd Bank, PowerGrid Corporation, Divi’s Laboratories, Coal India and Dr Reddy’s Laboratories were the top gainers, while Shree Cement, UPL, UltraTech Cement, Maruti Suzuki and Grasim Industries were the top losers.

Feb 3, 2021 3:37 PM

Post budget, domestic-oriented companies in focus; cyclicals to do well

Nair is of the view that investor focus will now shift from expensive IT, pharma and FMCG sectors to domestic-oriented infrastructure, construction, auto and realty sectors.Get latest Business online…

Feb 3, 2021 3:27 PM

Adani Enterprises Q3FY21 | The company reported 30.4 percent fall in net profit at Rs 296.8 crore as against Rs 426.3 crore, while revenue rose 6.1 percent to Rs 11,620.5 crore from Rs 10,948.2 crore, YoY.

Feb 3, 2021 3:23 PM

Emkay Global on Indian Oil Corporation | We raise FY21E EPS by 17% as we build in higher GRM/Other Income and lower interest. We cut FY22/23E EPS by 8%/6%, assuming low marketing margins. We retain our target price at Rs 110 with Mar'23E rollover and valuing IOCL at 6x EV/EBITDA. Maintain Buy/EW in EAP.

Feb 3, 2021 3:09 PM

Adani Total Gas Q3FY21 | The company's consolidated net profit rose 26.2 percent to Rs 146 crore from Rs 115.5 crore, while revenue increased 1.4 percent to Rs 496.1 crore from Rs 489.2 crore, YoY. Consolidated EBITDA was up 36.3 percent at Rs 213 crore as against Rs 156.1 crore and EBITDA margin expanded to 42.9 percent from 31.9 percent, YoY.

Feb 3, 2021 3:04 PM

Feb 3, 2021 2:51 PM

Budget 2021: See building health infra as big opportunity, says L&T's R Shankar Raman

The government's planned capital expenditure for the current fiscal has been increased by a record 34.5 percent in Budget 2021. R Shankar Raman, the Whole Time Director and CFO of India's biggest infra major, Larsen and Toubro, discussed the fine print. “Health-related services will get a fairly decent allocation. This would mean building health infrastructure in the country,” he said.

“Water both in terms of availability of clean drinking water as well as possibly the affluent and sewage treatment as part of Swachh Bharat programme could also get a fair bit of allocation. The country is getting more and more committed to the climate change initiatives and hence renewable energy will get an allocation in terms of power,” he added. Watch here.

Feb 3, 2021 2:46 PM

Rally has just started, says Shankar Sharma; positive on infra and auto

Veteran market watcher, Shankar Sharma, VC & Joint MD at First Global, spoke to CNBC-TV18 and gave his reading of FM Nirmala Sitharaman's Budget 2021 and the subsequent market rally.

According to Sharma, this rally has just started. “Let us not start thinking that markets have rallied a lot in the last week or last 2-3 days, I think we are just getting warmed up here.” Watch here.

Feb 3, 2021 2:37 PM

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