Investors richer by over Rs 4 lakh crore as Budget rally extends to Day 2
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Economists and market veterans lauded the Union Budget. They now believe the market can go further if corporate earnings keep surprising positively.
Positivity in global markets also boosted market sentiment.
NEW DELHI: Market-wide buying lifted benchmark indices to close at record high levels on Tuesday thanks to fresh euphoria injected by a better-than-expected Union Budget. Positivity in global equities also boosted sentiment.
Economists and market veterans lauded the Union Budget, presented by Finance Minister Nirmala Sitharaman in Parliament on Monday. They now believe the market can go further if corporate earnings keep surprising positively.
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F&O: VIX remains high
India VIX remained flattish and closed at 23.34 level. Now, the VIX needs to hold below 20 zone for continuation of the ongoing momentum. While some Call writing was seen at 15,000 and 14,700 levels, there was unwinding at strike prices 14,000 and 14,500. Maximum Put open interest was seen at 14,000 followed by 13,500 level, while maximum Call OI was at 15,000 followed by 14,500 levels. Options data suggested a wider trading range between 14,300 and 15,000 levels.
Stocks showing bullish bias
Momentum indicator Moving Average Convergence Divergence (MACD) on Tuesday showed bullish trade setup on the counters of Tata Motors, SBI, Ashok Leyland, Federal Bank, Zee Entertainment, Axis Bank, NCC, HDFC Bank, L&T, Indian Bank, Ambuja Cements, Shriram Transport Finance, Havells India, Sanghi Industries, Bajaj Finance, City Union Bank, Voltas, Orient Cement, Minda Corporation, Jain Irrigation, UltraTech Cement, Century Textiles, Redington (India), The Ra
Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021
The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst.
Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with the budget announcement this year. While the pandemic took a hard toll on the economy the recession joined it to impact the same. Let us have a look at the winners and losers with the budget announcements.
Stocks in news: HDFC Bank, Vedanta, Wipro, MCX India, Cyient, JK Tyre
Stocks to watch today on January 22: HDFC Bank, Vedanta, Wipro, MCX India, Cyient, JK Tyre among others are the top stocks to watch out for in Friday s trading session
BusinessToday.In | January 22, 2021 | Updated 09:52 IST
Stocks to watch today: Reliance Industries, Yes Bank, Gland Pharma, HDFC Life Insurance Company, SBI Life Insurance Company are among the top companies that will be reporting their Q3 earnings
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Friday s trading session based on latest developments. Investors are also awaiting December quarter earnings that are scheduled to be released today. Companies set to announce their earnings are Reliance Industries, Yes Bank, Gland Pharma, HDFC Life Insurance Company, SBI Life Insurance Company.
Share Market Highlights: Sensex ends 746 points lower, Nifty at 14,371; Asian Paints, SBI, HDFC top losers January 22,2021 16:00 IST
Sensex, Nifty Highlights on January 22: Market indices continued yesterday s fall and closed at day s low on Friday amid profit booking, in line with weak global equities. Sensex ended 746 points lower at 48,878 and Nifty closed 218 points lower at 14,371. HDFC, ONGC, ITC, L&T, RIL, NTPC were among the top losers today, while Bajaj Auto, Maruti, M&M, TCS, HUL were among the top gainers on Sensex pack. Yesterday, Sensex closed 167 points lower at 49,624, Nifty fell 54 points to end at 14,590. Globally, markets traded deep in red today, signalling profit booking amid heavy valuations, given ample liquidity, high earnings growth and positive geopolitical cues.