Ajit Mishra, VP - Research, Religare Broking

Now as the budget is behind us, all eyes will be on RBI monetary policy outcome scheduled on Friday i.e. February 5. Meanwhile, as more corporates announce their results, stock-specific volatility would remain high. Markets may see a breather after the recent surge but the bias would remain on the positive side. Participants should maintain their focus on identifying the right opportunities across sectors.

Feb 2, 2021 4:19 PM

Joseph Thomas, Head of Research, Emkay Wealth Management

The markets kept up the momentum gained from a positive budget presented yesterday. The most spectacular movement has been witnessed in the bank index which rallied by almost 3.50% in today's session compared to a 2.50% rise in Sensex and Nifty. The rally is broad-based and derived its basic premises from the growth-oriented proposals in the budget across various key sectors of the economy, putting the highest emphasis on self-reliance and transformation into one of the fastest-growing economies of the world.

Feb 2, 2021 4:18 PM

Feb 2, 2021 4:09 PM

Feb 2, 2021 4:08 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The Nifty failed to get past the 14,750 level which is a crucial point. Crossing this level would cement the upside direction of the markets which should lead us to 15,000. However, it is advised to enter on dips or mild corrections. The index has good support at 14,100 and hence we should accumulate positions closer to that level.

Feb 2, 2021 4:05 PM

Feb 2, 2021 3:47 PM

Market At Close

- Sensex, Nifty & Nifty Bank End At Record Closing Highs

- Frontline Indices Post The Biggest 2-day Gains In Last 10 Months

- BSE Adds Mkt Cap Of `4 Lk Cr Today & Over `10 Lk Cr In Last 2 Days

- HDFCs, ICICI & Reliance Ind Biggest Contributors To Nifty

- Nifty Rises 367 Points To 14,648 & Sensex 1,197 Points To 49,798

- Nifty Bank Climbs 1,179 Pts To 34,268 & Midcap 514 Pts To 22,115

- All Sectoral Indices Close Higher; Auto, Realty & Cap Goods Top Gainers

- 43 Nifty Stocks Close Higher; Tata Motors, Shree Cem, UltraTech Top Gainers

- Tata Motors Surges Over 15% To End At A 3-year Closing High

- Indigo Paints Makes A Strong Debut, Rises To `3,117 Vs Issue Price Of `1,490

- Autos Move Higher After January Sales; Maruti Rises 3% & Bajaj Auto 2%

- PSUs Continue To Gain On Govt’s Announcement w.r.t Privatisation; MSTC Up 10%

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

Feb 2, 2021 3:47 PM

Closing Bell | The Indian market extended gains to end over 2 percent higher on Tuesday, as investors continue to cheer Budget announcements amid positive global cues among. At close, the Sensex was up 1,197.11 points or 2.46% at 49,797.72, and the Nifty up 366.70 points or 2.57% at 14,647.90. Broader markets supported the rally. Among sectors, Nifty Auto rallied the most, over 4 percent followed by Nifty PSU Bank, Nifty Realty and Nifty Financial Services gaining over 3 percent each. Tata Motors, Shree Cements, UltraTech Cement, SBI and Hindalco were among major gainers on the Nifty, while HDFC Life, Bajaj Finserv, Hero MotoCorp, Titan Company and HUL were the top losers.

Feb 2, 2021 3:38 PM

Dixon Technologies | The company reported Q3FY21 net profit at Rs 61.59 crore against Rs 26.3 crore and revenue was at Rs 2,182.78 crore versus Rs 993.81 crore, YoY. The company's board approved sub-division/ stock split of existing 1 equity share of face value of Rs 10 each fully paid up into 5 equity shares of Rs 2 each fully paid up, subject to shareholders' approval.

Feb 2, 2021 3:25 PM

Feb 2, 2021 3:20 PM

Indigo Paints soars on debut; aspires to grow sales at 30-35% per year

Indigo Paints saw a stellar debut, with the stock listing at an over 80 percent premium to its issue price. Hemant Jalan, MD, Indigo Paints discussed about the listing and his outlook for the business going forward.

“Even when we were unlisted, we were very much on the radar of all the large paint players. But I think there is a limited amount that any large player can do to stop the growth of somebody who is executing his plans well. I don’t think it bothers them too much at this stage. We are very small compared to their scale of operations. So our growth is coming at the expense of their growth numbers,” he said. Watch here.

Feb 2, 2021 3:11 PM

Keki Mistry, CEO, HDFC | Reported total gross NPAs at 1.67%, with individual NPAs at 0.79% and non individual NPA at 4%. Proforma Gross NPA would be 1.91% with individual segment NPA at 0.98% and non-individual at 4.35%. Restructured 0.90% of the total AUM under RBI's Aug 6 circular.

Feb 2, 2021 2:58 PM

Feb 2, 2021 2:46 PM

Feb 2, 2021 2:37 PM

Kolte-Patil Developers | The cmpany has signed three new projects with a combined saleable area of approximately 2.2 msf in Pune under capital light models. Expected total topline of approx. Rs 1,500 crore and profit of approx. Rs 220 crore.

Feb 2, 2021 2:34 PM

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