The technical analyst expects the overall trend for the market to remain choppy, with the NSE Nifty likely to face resistance around 17,639 and 17,794.
In the past one month, the BSE Sensex and the NSE Nifty, shed over 6 per cent each, while crude oil prices soared to an eight-year high at almost $96 a barrel, up nearly 12 per cent.
Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.
According to the disclosure made by the company, Y K Hamied, Chairman, and MK Hamied, Vice Chairman, sold 2,01,69,756 shares, representing 2.5 per cent of the total capital
FIIs have been on a selling spree across most EMs, including India where they have sold over $11 billion worth of equities since October 2021 when they started to unwind their position here
In Q3FY22, ONGC's net profit jumped 597 per cent YoY to Rs 8,764 crore, as against Rs 1,258 crore in the corresponding quarter of previous fiscal (Q3FY21).
The company had recently reported a 11 per cent jump in net profit at Rs 3,261 crore, on the back of higher income and lower-than-expected credit loss.
The company fixed February 23, 2022, as the record date for the Rs 18,000 crore share buyback plan.
Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.
The mid-and small-cap indices on the BSE were down over 1 per cent each as against a similar per cent gain on the S&P BSE Sensex so far this year.
Thus far in the month of February, the stock has zoomed 49 per cent, as compared to 0.04 per cent rise in the S&P BSE Sensex.
Till 10:00 am; around 7.5 million equity shares representing 1.67 per cent of total equity of PB Fintech changed hands on the NSE.
Adani group stocks have been in limelight post the stupendous listing of Adani Wilmar four days ago.
The derivative analyst from HDFC Securities recommends buying Buy LICHSG FINANCE FEB 410 CALL and simultaneously selling 430 CALL
Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann
Adani Wilmar was locked at the 20 per cent upper circuit for the second straight day. The market cap of the company stood at Rs 50,201 crore, as per NSE data.
The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.
At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index
MGL said the company's Ebitda margins declined in Q3 mainly due to increase in administered pricing mechanism (APM) and market determined gas prices.
ABB, Amara Raja, Bharat Forge, Cummins, Hero MotoCorp, Hindalco, Hindustan Motors, HP Adhesives, IRB Infra, M&M, Novartis, Sun Tv, Tata Chemicals and Zomato of announce results on Thursday.