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Feb 7, 2022 5:28 PM

Extremely positive on Apollo Hospitals: Hemang Jani

Hemang Jani of Motilal Oswal Financial Services is bullish on Apollo Hospitals. "We think that the recent correction of almost 25 percent was mainly due to technical reasons and no real fundamental reason. So this is one of our high conviction ideas and if it is included in Nifty, there will be some positive rub-off as well," he said.

Feb 7, 2022 5:17 PM

2022 going to be a combination of growth, value growth for banks: Rajesh Kothari

Rajesh Kothari, MD at AlfAccurate Advisors, believes 2022 is going to be a combination of growth and value growth. "One should not avoid a bank if it is the largest bank in the country with growth with a reasonable valuation. We do hold SBI in our portfolio, and, of course, we continue to hold Axis Bank, ICICI Bank and HDFC... I think it needs to be a combination approach,” he said.

Feb 7, 2022 4:51 PM

Market At Close | Sensex, Nifty50 fall for 3rd straight day

Here are some highlights:

--HDFC Bank, HDFC biggest drags for Nifty

--ICICI Bank, Infosys, Kotak Bank, L&T slip

--PSU stocks gain in weak trading session; PowerGrid, ONGC, NTPC top gainers

--BSE-listed companies erase market value of more than Rs 6 lakh crore in 3 sessions

--Nifty Bank slips 794 points to 37,995

--Midcap index falls 312 points to 30,129

--42 of 50 Nifty stocks in red; Tata Consumer, HDFC Life, HDFC Bank top losers

--SBI, Bank of Baroda report strong earnings lift PSU banking index, up 1%

--Torrent Power reverses Friday’s gain, down 10%

--Lupin continues downmove following weak Q3 results down 8%

--Firstsource extends Friday’s losses as company cuts revenue growth guidance

--GNFC, IndiGo among top midcap gainers after strong earnings

--Godrej Properties up 4% after company cancels Db Realty deal

--Market breadth favours bears; advance-decline ratio at 1:2

Feb 7, 2022 4:24 PM

Market At Close | 42 Nifty50 stocks in the red

Tata Consumer, L&T, HDFC Bank, Britannia, HDFC Life, Bajaj Finance, HDFC and Hero MotoCorp, closing around 3-4 percent lower, were the worst hit among the 42 laggards in the Nifty50 pack.

Here's how the 30-scrip index fared:

Feb 7, 2022 3:54 PM

Closing Bell | Sensex down 1,024 points at 57,621, Nifty at 17,214

The Sensex finished the day with a cut of 1,023.6 points or 1.8 percent lower at at 57,621.2 and the Nifty settled at 17,214, down 302.4 points or 1.7 percent from its previous close. A sell-off across most sectors pulled the headline indices lower. (Read more on the closing bell)

Feb 7, 2022 3:35 PM

Indian Bank's net profit rises 34% YoY; provisions at Rs 2,493 cr vs Rs 2,547 cr (QoQ)

Feb 7, 2022 3:30 PM

KPR Mill Q3 net profit up 35.5% at Rs 211.8 crore

Net profit was up 35.5% at Rs 211.8 crore against Rs 156.3 crore (YoY). Revenue rose 35.5% at Rs 1,260 crore against Rs 930 crore (YoY). EBITDA grew 20.6% at Rs 304.7 crore against Rs 252.6 crore(YoY). Margin at 24.2% against 27.2% (YoY).

Feb 7, 2022 3:28 PM

Sensex plunges over 1,300 points, Nifty50 cracks below 17,150; here's what's spooking the bulls

Indian equity benchmarks tumbled more than two percent on Monday amid a broad-based sell-off, as investors awaited the outcome of the RBI policy due this week. Both headline indices fell as much as 2.3 percent as the sell-off deepend in the second half of the session. The Sensex fell as much as 1,345.8 points to hit 57,299.1 on the downside and the broader Nifty50 slid to as low as 17,119.4, down 396.9 points from its previous close.

Feb 7, 2022 3:18 PM

Traditional stocks better than new age IPOs; tough year ahead to make money: Samir Arora

Are the recently listed new age business IPOs a bargain after the recent fall? No, according to Helios Capital’s Samir Arora. With the US Federal Reserve set to hike interest rates at a fast clip, blue chips are a much better bet, he says. "There is no need to try these new things right now because the new is what is being attacked because the new had a lot of expectations and a lot of money coming in. I think that is getting clogged in the US and it is just a matter of a few months before it will happen in India where somebody will not get new funding and will have to do a down round, I don't think anybody is buying any of these new-age IPOs for the next week, six months," he said.

Feb 7, 2022 3:11 PM

RBL Partners with Creditas for its 'Neo Collections' platform; shares down 1%

RBL Bank announced a partnership with Creditas Solutions for its ‘Neo Collections’ platform. RBL Bank will utilise the SaaS-based platform to accelerate efficiency in collections across the loan cycle.

Feb 7, 2022 2:55 PM

Sensex, Nifty50 plunge 2% dragged by financial, IT shares, oil & gas shares; VIX surges 10%

Sensex is down 1,278.29 points or 2.18% at 57366.53, and the Nifty tumbled 373.10 points or 2.13% at 17143.20.

Feb 7, 2022 2:40 PM

Vedant Fashions IPO subscribed 17% so far on 2nd day of bidding

The initial public offering (IPO) of Vedant Fashions, best known for its wedding wear brand Manyavar, received a muted response so far, with the issue subscribed 17 percent by the afternoon of February 7, the second day of bidding. Investors bid for 43.65 lakh equity shares against the IPO size of 2.54 crore units. Retail investors subscribed 28 percent of their allotted quota, while the portions set aside for QIBs and NIIs were subscribed 6 percent each.

Feb 7, 2022 2:36 PM

Nifty tumbles 373.10 points or 2.13% at 17,143.20

Feb 7, 2022 2:25 PM

Union Bank of India Q3 net profit jumps 49.3% at Rs 1,085 crore

Net profit jumped 49.3% at Rs 1,085.4 crore against Rs 726.8 crore (YoY). NII grew 8.9% at Rs 7,174.4 crore against Rs 6,589.5 crore (YoY). Gross NPA at 11.62% against 12.64% (QoQ). Net NPA at 4.09% against 4.61% (QoQ).

Feb 7, 2022 2:17 PM

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