Gold and Silver Updates


Welcome to ETMarkets Watch, the present about shares, market traits and money-making concepts. I’m Nikhil Agarwal and listed here are the highest headlines at this hour.

Asian Paints posts 62% leap in December quarter revenue, beats Road estimates
RBI says India inside placing distance of accomplishing optimistic progress
Bajaj Auto Q3 revenue soars 23% to report excessive; margins hit 2-year excessive
Bandhan Financial institution Q3 revenue declines 13.5%
FM unlikely to alter earnings tax slabs: Report

Allow us to take a fast look at what occurred on the Dalal Road at present.

Issues over a large fireplace at Covid drug maker Serum Institute’s Pune plant weighed on sentiment, because the BSE Sensex got here crashing after hitting the 50,000-mark on Thursday.

Later studies emerged that the impacted unit was making BCG vaccines and never Covid, resulting in some restoration in the long run.

The BSE index ultimately settled 167 factors decrease, with the NSE barometer Nifty ending beneath 14,600.

ONGC tanked 3.3 per cent, NTPC dropped 2 per cent whereas IndusInd Financial institution declined 1.95 per cent. Reliance Industries held on to its positive aspects and closed 2.5 per cent increased.

Within the broader market, Bandhan Financial institution and IGL plunged 5 per cent every whereas shares corresponding to BHEL, Canara Financial institution, IDBI and Hind Zinc declined 4 per cent every.

We caught up with Vinod Nair of Geojit Monetary Providers to know his views in the marketplace.

Welcome to the present, Mr Nair.

1) The 50,000 degree was a Sensex goal analysts have been anticipating by 2020-end. However the index claimed it in January itself. Do you see restricted upside from right here on?

2) How ought to traders place themselves after the latest rally? What ought to they bear in mind earlier than selecting shares?

On technical charts, Nifty made a bearish candle on the every day chart, even because it continued with its increased excessive formation. We caught up with Rohit Singre of LKP Securities to decode the charts.

Welcome to the present, Mr Singre

1) Can we anticipate to hit 15,000 degree on Nifty by Jan sequence expiry?

2) The place is Nifty Financial institution headed?

Globally, Asian markets ended combined. European markets have been additionally buying and selling combined within the first few hours of commerce. US inventory futures have been hinting at a flat to optimistic begin for US equities later within the day.

That’s all for now. Do try for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Get pleasure from your night. Bye Bye!


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