Feb 07, 2020 03:37 PM IST | Source: Moneycontrol.com
Among sectors, auto, energy and infra are trading lower, while buying seen in the FMCG, IT, metal and pharma.
February 07, 2020 04:23 PM IST
Ajit Mishra, VP – Research, Religare Broking: The rally in the Indian markets halted on account of profit taking as concerns regarding coronavirus resurfaced and impacted the global sentiments. The Nifty index ended lower by 40 points at 12,098. The broader markets- BSE-Midcap and BSE-Smallcap outperformed the benchmark and ended higher by 0.4 percent and 0.8 percent respectively.
While the domestic sentiments are buoyant post an encouraging monetary policy, the threat to the global economic growth due to coronavirus spread may weigh on the sentiments. However, on a positive note, China’s plan to slash tariffs by 50 percent on some of the US imports indicates towards diffusing trade tensions which could provide support to the markets in the coming days.
February 07, 2020 04:00 PM IST
NTPC Q3: Net profit went up 25.6 percent at Rs 2,995.1 crore against Rs 2,385 crore (YoY). Revenue went down 2.6 percent at Rs 23,496 crore against Rs 24,120.4 crore (YoY). EBITDA was higher by 6 percent at Rs 6,977 crore against Rs 6,580 crore (YoY). EBITDA margin stood at 29.7 percent against 27.3 percent (YoY).
February 07, 2020 03:52 PM IST
Godfrey Phillips Q3: Net profit up at Rs 114 crore against Rs 81.9 crore (YoY). Revenue went up 14.3 percent at Rs 761.3 crore against Rs 666.8 crore (YoY). EBITDA was up 38.3 percent at Rs 167.2 crore against Rs 120.9 crore (YoY). EBITDA margin stood at 22 percent against 18.1 percent (YoY).
February 07, 2020 03:41 PM IST
Sanjeev Zarbade, VP PCG Research, Kotak Securities:
Global markets posted strong rally during the week including Sensex which rallied 3.6% for the week. Market participants turned optimistic on hopes that coronavirus related damage will be contained and that the FY2021 budget can arrest the domestic economic slowdown. Fall in crude prices was also taken as a positive for the Indian economy.
February 07, 2020 03:32 PM IST
Market Close: After a 4 days rally the market has took breath on February 7 with Nifty ended below 12,100 level.
At close, the Sensex was down 164.18 points or 0.40% at 41141.85, while Nifty was down 51.60 points or 0.43% at 12086.40. About 1199 shares have advanced, 1265 shares declined, and 165 shares are unchanged.
Eicher Motors, Tata Motors, IndusInd Bank, M&M and Grasim Industries were among major losers on the Nifty, while gainers were Zee Entertainment, NTPC, Coal India, ONGC and UPL.
Among sectors, auto, energy and infra ended lower, while buying witnessed in the pharma, IT, metal and FMCG. BSE Midcap and Smallcap indices gained 0.4 percent and 0.7 percent respectively.
February 07, 2020 03:23 PM IST
Corporation Bank Q3 result: Net profit was up at Rs 420.7 crore versus Rs 60.5 crore and NII was up 5.6% at Rs 1,375 crore versus Rs 1,303 crore, YoY.
February 07, 2020 03:18 PM IST
Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities:
Rupee traded weak on Friday as dollar scaled high towards 71.35, mainly on back of on weakening risk appetite amid a strong greenback ahead of US non-farm payroll data due later today. The dollar index, which tracks the greenback against a basket of six major currencies, traded at 98.49 Friday compared to 98.32 at close of Indian market on Thursday.