Market Watch: Is it time to book profits and sit on cash? | The Economic Times Markets Podcast
Fuel costs proceed report spree after newest hike
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RailTel proclaims IPO worth band, says bidding to begin on Feb 16
Amazon to knock SC’s door over RIL-Future Group deal
Let us take a fast look at what occurred on the Dalal Street at the moment.
After a lacklustre present on Wednesday, benchmark indices returned to their report highs at the moment helped by features in heavyweights Reliance Industries and Bharti Airtel. However, continued weak point in some auto and banking shares restricted the upside.
For the day, Nifty50 ended practically 70 factors increased to shut above the 15,150 mark. The BSE-Sensex rose over 200 factors.
RIL contributed essentially the most to the benchmarks’ features because the inventory rose over 4 per cent as buyers see mild on the finish of the tunnel for its deal to purchase the retail property of Future Group. Market buzz of probably demerger of its telecom and retail verticals, forward of a potential itemizing, additionally boosted the inventory.
The features have been most distinguished within the smallcap house. The features mirrored the optimism amongst buyers for the home economic system. The Nifty Smallcap 100 index closed practically 2 per cent increased.
Shares of GAIL, Hindalco, Sun Pharma rose 2-5 per cent. Titan and Eicher Motors tanked over 2 per cent after Q3 earnings.
We have with us Vinod Nair of Geojit BNP Paribas to perceive his views on the market.
Welcome to the present, Mr Nair!
1) Is it the correct time to book profits available in the market and increase some money?
2) Should buyers improve their allocation to defensive sectors like FMCG, IT and pharma within the coming weeks?
We caught up with Aditya Agarwala of YES Securities to decode the technical set-up for Nifty50.
Welcome to the present, Mr Agarwala!
1) Is the Nifty50 coming into a consolidation part and how ought to merchants place themselves?
2) What are you making of the weak point in Nifty Bank. Should one nonetheless maintain lengthy there?
Major Asian markets settled increased. European markets have been buying and selling combined within the first few hours of commerce. US inventory futures have been hinting at a constructive begin for US equities later within the day.
That’s all for now.
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