Jan 29, 2021 4:08 PM

Market This Week

- Sensex & Nifty Fall 5% Each To Post Biggest weekly Decline In 8 Months

- Midcap Index Extends Losing Streak To 3rd Wk, Posts Biggest Wkly Fall In 4 Mths

- Nifty Bank Falls For 2nd Consecutive Week, Down Nearly 2% This Week

- All Sectoral Indices Give Negative Returns This Week; IT & Auto Top losing Indices

- Maruti, RIL, Tata Motors, DRL, HDFC, Infosys, HCL Tech Top Nifty Losers This Week

Jan 29, 2021 3:45 PM

Market At Close

- Market Fails To Hold Opening Gains, Closes Lower For 6th Straight Day

- Nifty Slips 332 Points & Sensex 1,138 Pts From Highs To Close Below 50-DMAs

- Midcap Index Falls 412 Points & Nifty Bank More Nearly 550 Points From Highs

- Nifty Ends 183 Points Lower At 13,635 & Sensex 589 Points Lower At 46,286

- Nifty Bank Ends 207 Pts Higher At 30,566 While Midcap Index Slips 80 Pts To 20,910

- 44 Nifty Stocks Close In The Red; DRL, Maruti, Tata Steel & Hero Moto Top Losers

- Dr Reddy’s Falls Over 5% While Sun pharma Gains 4% After Q3 Earnings

- Maruti Extends Losing Streak To 6 Days After Reporting A Mixed Set Of Earnings In Q3

- Tata Steel Falls Nearly 4% After SSAB Ends Talks With The Company For Netherland Biz

- ICICI Bank, HDFCs, IOC & BPCL Amongst Top Nifty Gainers In A Volatile Session

- Shriram Trans Surges 16% After CLSA Upgrades The Stock

- Market Breadth Favours Declines; Advance-Decline Ratio At 1:1

Jan 29, 2021 3:45 PM

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

The markets were successful in breaking 13,700 and has closed below it too. We could slide further to 13,400 and thereafter to 13,200. The fall has been backed by very high volumes especially in the last hour of trade. Any rally up can now be utilised to short the Nifty for lower targets. The resistance is now at 14,000 and until that is not crossed, we will remain in the grip of the bears.

Jan 29, 2021 3:38 PM

Closing Bell | Stock Market Highlights: Indian benchmark equity indices, Sensex and Nifty ended Friday's volatile session more than 1 percent lower dragged by heavy selling in IT and auto stocks. The Sensex plunged 588.59 points, or 1.26 percent to 46,285.77, while the Nifty settled at 13,634.60, lower by 182.95 points, or 1.32 percent.

Broader markets, Nifty Midcap100 and Nifty Smallcap100 ended 0.38 percent and 0.63 percent lower, respectively. Among sectors, metal, pharma and FMCG also reeled under pressure, while banking and realty index ended in the green.

On the Nifty, Dr Reddy's Laboratories, Maruti Suzuki, Hero MotoCorp, Tata Steel and Bharti Airtel were the top losers, while IndusInd Bank, Sun Pharmaceutical Industries, ICICI Bank, HDFC Bank and HDFC Life Insurance were the top gainers.

Jan 29, 2021 3:35 PM

Market Watch: Prakash Diwan, Market Expert

On Sun Pharma

A lot of the problems that the company faced were related to its past legacy of the USFDA inspections and that has probably seemingly got resolved and the US market is probably backing things up as well. We are also looking at new wave of USFDA inspection beginning very soon, as soon as international travel gets to open up and that means people will have to be slightly more watchful also. It could be lumpy in terms of its moves and its earnings but at this point in time, it is well priced, all the goodness is priced in at that Rs 580-590 zones.

On TVS Motor

If you were to look at two-wheelers from a short-term trading perspective, TVS Motor did offer that very clearly and it has played out. Going further from here at these valuations, risk reward of course is not favourable. So if you have to stick your neck out and buy a two-wheeler at this point in time, my preference is more for ancillaries but if we were to look at OEMs and make a choice , Hero Motocorp definitely stands out as the winner in terms of what kind of growth they can clock from a slightly secular standpoint. TVS Motor has done its bit.

Jan 29, 2021 3:14 PM

IRCTC | The company will resume e-catering services at a selected number of stations (62 stations) in first phase from February 1.

Jan 29, 2021 3:03 PM

BACKSTORY: When clever brokers used STT as a tool for tax evasion

When former Finance Minister P Chidambaram first introduced the Securities Transaction Tax in Budget 2004-05, it provoked an outcry among stock brokers and share traders.Get latest Market online at…

Jan 29, 2021 2:51 PM

Dabur India Q3FY21 | The FMCG major reported a 23.7 percent rise in net profit at Rs 493.5 crore as against Rs 398.9 crore, YoY. Revenue was up 16 percent at Rs 2,728.8 crore against Rs 2,353 crore, YoY. EBITDA rose 16.5 percent to Rs 574.2 crore from Rs 492.9 crore, YoY.

Jan 29, 2021 2:45 PM

JSW Energy Q3FY21 | Consolidated net profit declined 68.7 percent to Rs 123.5 crore from Rs 394 crore and revenue fell 17.4 percent to Rs 1,608.9 crore from Rs 1,948 crore, YoY. On the operating front, EBITDA was down 5.3 percent at Rs 604.4 crore as against Rs 638 crore, while EBITDA margin was at 37.6 percent against 32.7 percent, YoY.

Jan 29, 2021 2:34 PM

Jan 29, 2021 2:22 PM

LIC Housing Finance Q3FY21 | The company’s net profit was reported at Rs 727 crore versus CNBC-TV18 poll of Rs 665 crore. Topline falls 1.9 percent to Rs 4,911 crore from Rs 5,005 crore, YoY.

Jan 29, 2021 2:11 PM

Wockhardt Q3FY21 | The company's consolidated net profit rose 58.3 percent to Rs 15.2 crore from Rs 9.6 crore, while revenue increased 2.1 percent to Rs 764 crore from Rs 748.6 crore, YoY. Consolidated EBITDA decreased 37.3 percent to Rs 58.4 crore from Rs 93.1 crore, while EBITDA margin stood at 7.6 percent as against 12.4 percent, YoY.

Jan 29, 2021 1:57 PM

Dr Reddy's reports Q3 numbers in line with estimates: Here's what experts have to say

Dr Reddy's Laboratories (DRL) reported its third-quarter numbers in line with estimates even as impairment charges hit the bottom-line. Profit before tax came in at Rs 882 crore, however, the profit after tax according to the management was impacted primarily because of a non-recognition of a deferred tax asset on impairments.

The margins were at 24 percent versus the CNBC-TV18 poll of 24.5 percent and the revenue has come in at around Rs 4,900 crore plus and that is in-line with CNBC-TV18 poll of around Rs 4,948 crore odd.

Overall, the firm reported a 12-13 percent growth year-on-year (YoY).

Market Expert Prakash Diwan said, “DRL becomes a proxy to whatever the sector is undergoing in terms of re-rating so after these numbers and this absorption of this one-off impairment you will probably see every strong organic growth trajectory that will emerge. This is a great opportunity after these numbers to keeping on adding this on dip, it is a buy on dips and it is one of the top picks in this space.” Continue reading.

Jan 29, 2021 1:51 PM

Economic Survey 2021 | Survey calls for more active, counter-cyclical fiscal policies. At the same time, not a call for Fiscal Irresponsibility. “Survey endeavours to provide an intellectual anchor to the government to be more relaxed about debt and fiscal spending during growth slowdown," the Survey said.

Jan 29, 2021 1:39 PM

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