Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7%

Topics MARKET WRAP | Markets | Sensex

Stock market updates: Domestic markets ended a tumultuous week on a flat note amid subdued trade in Asia and bleak UK economic data. The Office for National Statistics said on Friday that the UK's gross domestic product shrank 9.9 per cent in 2020, its biggest decline on record.

Asian shares hovered just below record highs as less than expected fall in the US weekly jobless claims too caused investors to show restraint. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.05 per cent, Australian stocks lost 0.63 per cent, and shares in Tokyo fell 0.2 per cent. 

In Europe, the pan-European STOXX 600 index dipped 0.1 per cent, while the blue-chip FTSE 100 index fell 0.2 per cent. 

Back home, indices turned sharply lower in the fag-end of the session but recovered marginally to end mildly higher. The benchmark S&P BSE Sensex tumbled 543 points from the day's high to hit an intra-day low of 51,261. At close, the index was at 51,544 levels, up 13 points or 0.02 per cent. The NSE's Nifty50, meanwhile, ended at 15,163 level, down 10 points or 0.07 per cent.

ICICI Bank, Infosys, HDFC, and Axis Bank were the top gainers on the Sensex index while Adani Ports, ICICI Bank, Infosys, and Wipro were the top performing stocks on the Nifty. ITC, Sun Pharma, ONGC, and Bharti Airtel were the top drags on both the indices.

Broader markets, too, ended mixed today. The S&P BSE MidCap index was up 0.06 per cent at close while the S&P BSE SmallCap index settled 0.02 per cent lower.

On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent. At the other end of the spectrum, Nifty Private Bank and the Nifty Bank indices gained 1 per cent each.

Buzzing stocks
Housing financier HDFC on Friday entered the elite club of Rs 5-trillion market-capitalisation mark, after its shares surged to touch a record high of Rs 2,808 apiece on the BSE. The stock settled 1 per cent higher at Rs 2,790 apiece on the BSE with a m-cap of Rs 5.01 trillion. HDFC Ltd is the sixth Indian company to have achieved this milestone, after Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, and Infosys.

Moreover, Adani Enterprises today entered the list of the top-50 most valuable companies in India after the company's stock price rallied 9 per cent to Rs 719, also its new high, on the BSE in intra-day trade. The stock settled at day's higher. READ MORE

Shares of SBI Cards and Payment Services, on Friday, hit a new high of Rs 1,048.65 after rising 2 per cent intra-day on the BSE, thus surpassing its previous high of Rs 1,040, recorded on January 22, 2021. Thus far in the calendar year 2021, SBI Cards has outperformed the market by surging 23 per cent, as compared to 8.5 per cent rise in the S&P BSE Sensex. A sharp rally in the share price has seen the market capitalisation (market-cap) of SBI Card inches towards Rs 1-trillion mark. READ MORE


LIVE UPDATES

MARKET CLOSING COMMENT :: Deepak Jasani, Head of Research, HDFC Securities

Indian benchmark equity indices ended flat for the third time in the last four trading sessions on Feb 12, but posted 1.01% gains for the week. Nifty fell sharply post 1300 Hrs, but recovered post1400 Hrs. At close, the NSE Nifty 50 index ended 10 points or 0.07% lower at 15,163.
 
Nifty again closed the week with gains. Moves in the Nifty are becoming choppier in a narrow range. Institutional flows have come back to normal levels after remaining high over the last few weeks. Nifty could take support at 14753 in the coming week, while on rises 15257 could offer resistance. A breach of this level could result in continued bullish moves. 

MARKET CLOSING COMMENT :: Shrikant Chouhan, Executive VP, Equity Technical Research at Kotak Securities

The market recorded a choppy session during the week. The Sensex failed to move beyond 51850 and refused to close below 51300 levels. However, during the week we saw maximum activity in medium-sized and small-sized companies that could hurt the market if they failed to break the 51850 levels. This is a strong market, but recent levels where the Indian stocks are trading are far from recent lower levels, although if we look at the previous data, whenever the Nifty recorded more than 5500 to 6500 points, it got corrected by 1500 to 2500 points. Based on the chart of large-cap companies, the weakness is increasing in the short term and it would probably lead to a quick correction to the level of 50500 or 50600. If the Sensex crosses 51900 for the 52750 levels, it would be advisable to buy. Below the level of 51300 would lead to further weakness. During the week, FIIS invested over Rs. 6,000 crore in the cash market. The dollar index fell to 90.40 from 91.40 levels and crude prices have started to cool off from highs. In the coming week, the focus should again be on infra, cement, CV and technology companies.

MARKET CLOSING COMMENT :: Anand James, Chief Market Strategist at Geojit Financial Services

Risk appetite trickled down and equities pared gains with several cities across globe entering fresh lockdowns. Oil’s winning streak was also broken following IEA’s bleaker demand outlook. Indian equities were in the green in the first half with Bank Nifty rising over 1%, but VIX rose in the second half, and traders opted cut down long bets across sectors, going into the weekend

TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research

The market's short-term technical conditions favoring a sideways correction is in the process. While it is subject to further price action evolution, we retain our cautious stance and advise the traders to refrain from building a new buying position until we see further improvement and breakout above 15250 (Nifty 50 Index). The momentum indicators like RSI, MACD continue showing divergence, the market is likely to take a pause around this level and stay in a range. We expect the 15230-15250 level to act as short-term resistance.

TECH VIEW :: Rohit Singre, senior technical analyst at LKP Securities

Index managed to hold the bullish stream throughout the week and closed a week at 1563 with gains 1.60 percent and formed a small bullish candle on weekly chart. The index has formed good support at 15k mark any dip near said levels will be again buying opportunity for the overall targets of 15250 zone which is the strong hurdle on the higher side. The current range is 15000-15250 zone either side breakout will decide the final direction of index

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

Market can undergo some consolidation after the sharp gains made post the reformist union budget. The broad undercurrent of the market may remain constructive especially on the small and midcaps. But the sentiment of global market will play an important role in deciding the short-term trend which is getting mixed due to weakening European market

SECTOR OF THE DAY :: Metal stocks dip on weak global cues


SECTOR OF THE DAY :: Nifty Bank ends 1% higher


STOCK ALERT :: Titan extends losses into second day, ends 2% down


STOCK ALERT :: SBI Cards and Payment Services ends marginally lower


STOCK ALERT :: HDFC ends with m-cap of Rs 5.02 trillion


S&P BSE MidCap index ends 0.06% higher


Stocks that lifted Sensex today


Sectoral trends on NSE at Close


Sensex Heatmap at Close


CLOSING BELL

The benchmark S&P BSE Sensex tumbled 543 points from's the day's high to hit an intra-day low of 51,261. At close, the index was at 51,544 levels, up 13 points or 0.02 per cent.

The NSE's Nifty50, meanwhile, ended at 15,163 level, down 10 points or 0.07 per cent.

Govt to consider bringing down GST on pesticides to 5% from 18%

Along with fertilisers, pesticide is also an important agro input that helps in curbing pests and diseases on plants and plays a major role in increasing agricultural production. But unlike fertilisers that attract 5 per cent GST, pesticide is charged GST at 18 per cent, even higher than 12 per cent VAT before introduction of the new indirect tax system. READ MORE


MARKET CHECK


Adani Enterprises enters top-50 most-valued companies list

Today, Adani Enterprises surpassed steel major Tata Steel, personal products company Godrej Consumer Products, private lender IndusInd Bank, two-wheeler company Eicher Motors, paints company Berger Paints and real estate developer DLF. In comparison, the S&P BSE Sensex was down 0.09 per cent at 51,486 points. READ MORE

UK economy shrinks 9.9% amid pandemic, biggest annual decline on record

Andy Haldane, chief economist for the Bank of England, said the rapid vaccination of people across the UK would ease COVID-19 restrictions and unleash an economic recovery. READ MORE

BUZZING STOCK:: Adani Enterprises rallies 9%


NEWS ALERT | Budget provisions for poor, dalits and tribals: FM Sitharaman

-- Infrastructure creation, continuing reforms, transparency of accounts features of Budget, says FM

NEWS ALERT | Stimulus provision in Budget is for economic revival: FM Sitharaman

-- Reforms taken during pandemic to revive growth: FM

NEWD ALERT :: It's a Budget which draws on the experience, administrative capacities, says FM in Parliament

NEWS ALERT | Budget instrument for Aatmanirbhar Bharat: FM Sitharaman, replying to debate on Budget in RS

-- Working for country's poor people: FM

-- With short-term solutions, we are also looking at medium and long term sustainable growth to keep India on fastest growing economy trajectory: FM

Greenply Industries zooms 19% on strong operational performance in Q3

Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) margins rose by 119 basis points year on year (YoY) to 12.8 per cent, on sustained focus on reducing overheads and making operations more efficient. The company said the margin was expected to improve post Covid-19 from FY22 with increase in revenue and cost rationalization measures. READ MORE

Large-cap PMS schemes fall behind benchmark index returns in January

Companies providing portfolio management services (PMS) had a tough time beating the benchmark index in January, with more than half of the schemes invested in large companies underperforming in the run-up to the Union Budget. The Nifty 50 index was down 2.5 per cent during the month. Only around 44 per cent of PMS schemes did better, among the schemes investing in large-cap companies. READ MORE

RIL, ITC, Airtel among stocks dragging Sensex lower


MARKET UPDATE:: Sensex slips into the red


NEWS FLASH :: RBI okays appointment of Subramonia Iyer as Dhanlaxmi Bank Chairman


NEWS ALERT :: Voltas to restructure its domestic business

>> Board has approved the transfer of its domestic Projects business relating to Mechanical Electri cal and Plumbing (MEP) / Heating, Ventilation and Air-Conditioning (HVAC) and Water projects, Mining and Construction Equipment (M&CE) business and Textile Machinery Division (TMD) to its wholly owned subsidiary viz. Universal MEP Projects & Engineering Services Limited by slump sale through a Business Transfer Agreement to be executed between the Company and UMPESL

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Market Check :: Sensex faces selling pressure


NEWS ALERT :: Regular passenger train services likely to resume from April 1

>> News agency NewsRise reports quoting Railway Ministry official


Motherson Sumi hits 52-week high on highest-ever quarterly revenue in Q3

Shares of Motherson Sumi Systems hit 52-week high of Rs 194.55, ralling 9 per cent on the BSE in the intra-day trade on Friday, after the company reported highest-ever quarterly revenues of Rs 17,923 crore, up by 15 per cent over the previous year quarter, in Q3FY21. READ MORE

PC Jeweller Q3 PAT at Rs 130 crore

>> Q3 PAT at Rs 129.64 cr vs Rs 35.61 cr YoY
>> Revenue at Rs 1,467.21 cr vs Rs 1,668.46 cr YoY
>> Shares rise over 4% post Q3 numbers

BUZZING :: HDFC m-cap hits Rs 5-trillion mark


Stocks that hit 52-week high on BSE today

Company PRICE(rs) 52 WK HIGH CHG(%)
Adani Enterp. 691.35 692.80 4.95
Adani Ports 612.55 615.00 3.52
Adani Transmissi 618.15 618.80 4.99
Advanced Enzyme 382.50 393.00 2.67
Affle India 5349.25 5349.25 5.00
» More on 52 Week High

Oil prices, muted traffic: Why airlines may not benefit from airfare hike

“The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,” says an analyst at a domestic brokerage who didn’t wish to be identified. READ MORE

RIL, Infosys, Airtel: MFs trim stake in index heavyweights in January

As part of their portfolio rejig exercise, mutual funds trimmed stake in index heavyweights in January while they lapped up fresh share sales by all the three companies that came out with initial public offerings (IPOs) during the month, reports suggest. Among stocks, Reliance Industries (RIL), Infosys, Bharti Airtel, Power Grid and Tata Consultancy Services (TCS) are some of the stocks mutual funds cashed out of, a recent report by Edelweiss Securities said. READ MORE

Demand revival to sustain healthy revenue growth for tyre makers

Shares of tyre manufacturers have gained 12-50 per cent over the past month, after reporting a stellar Q3 operating performance. MRF reported its results on Thursday, which were a strong beat on the operational front. Operating profit rose 58 per cent over the year-ago quarter to Rs 964 crore, against the Street’s expectation of Rs 825 crore, while margins jumped nearly 600 bps to a 17-quarter high of 21.1 per cent during the same period. READ MORE

Franklin Templeton: SC upholds validity of e-voting for winding up 6 MFs

The Supreme Court on Friday upheld the validity of e-voting process for winding up of six mutual fund schemes of Franklin Templeton, and said disbursal of funds to unit holders will continue. A bench of justices S A Nazeer and Sanjiv Khanna, while rejecting the opposition by some unit holders to the e-voting process, said disbursal of funds has to be done as per the earlier order of the apex court. READ MORE

Bitcoin hits all-time high after Mastercard, BNY Mellon support crypto

Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies.
 
The largest digital asset rose as much as 7.4 per cent to $48,364, surpassing the all-time high reached Monday after Tesla announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record. READ MORE

BSE Smallcap index beats Sensex; here are top gainers & losers


NTPC Kameng project's 4th 150 MW unit commercially operational

State-run power producer NTPC on Friday said the fourth 150 mega watt (MW) unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation is commercially operational. "Consequent upon successful commissioning, unit-4 of 150 MW of Kameng Hydro-Electric Project (4x150 MW) of North Eastern Electric Power Corporation Ltd (a wholly owned subsidiary company of NTPC Ltd) has been declared on commercial operation with effect from 00:00 hours of February 12, this year," NTPC said in a regulatory filing.

Source: PTI

Ashok Leyland tanks 8% to Rs 124.10 after Rs 19 crore Q3 net loss

Shares of Ashok Leyland on Friday tumbled 8 per cent after the company reported a net loss of Rs 19 crore for the third quarter ended December 31, 2020. The stock tanked 8 per cent to Rs 124.10 on BSE. On NSE, it plunged 6.77 per cent to Rs 125.90. The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20. READ MORE

SBI Card hits fresh lifetime high; m-cap nears Rs 1 trillion

Shares of SBI Cards and Payment Services, on Friday, hit a new high of Rs 1,048.65 after rising 2 per cent intra-day on the BSE, thus surpassing its previous high of Rs 1,040, recorded on January 22, 2021. Thus far in the calendar year 2021, SBI Cards has outperformed the market by surging 23 per cent, as compared to 8.5 per cent rise in the S&P BSE Sensex. A sharp rally in the share price has seen the market capitalisation (market-cap) of SBI Card inches towards Rs 1-trillion mark. READ MORE

MARKET UPDATE:: Nifty Bank index recovers over 500 points from day's low


Tech view: Govt revises air fares price band; time to buy IndiGo, SpiceJet?

Ministry of Civil Aviation, on Thursday, revised fare price band on flights with 90 to 120 minutes of duration to Rs 3,900, up from Rs 3,500 earlier. The cap on maximum chargeable fare has been raised to Rs 13,000 from Rs 10,000. The decision comes after Civil aviation minister Hardeep Singh Puri recently said that floor and ceiling price on airfares was an extraordinary measure to prevent a tariff war, which could trigger bankruptcies. That said, executives of airlines believe that it may be difficult for them to hike fares as demand was still uncertain. READ MORE

Cement stocks in demand; Dalmia Bharat, JK Cement, Ramco Cement at new high

Shares of cement companies were in demand on Friday with Dalmia Bharat, JK Cement, and Ramco Cement hitting their respective new highs, while Ambuja Cements, Birla Corporation and Prism Johnson touched their respective 52-week highs on the BSE in intra-day trade. The stocks climbed up to 7 per cent, as compared to 0.18 per cent rise in the S&P BSE Sensex, at 51,625 points, at 10:32 am. READ MORE

India is Asia's best post-Covid recovery story: Chris Wood

A steady fall in Covid cases coupled with a sharp economic recovery in India has made Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities. In December 2020, Wood raised exposure to Indian equities twice in his Asia ex-Japan long only portfolio. “With Covid cases in India now 88 per cent off their peak amid growing hopes of herd immunity, India looks right now Asia’s best post-Covid recovery story,” Wood wrote in his weekly note to investors, GREED & fear. READ MORE

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Catch them young was one of the key selling propositions in the initial public offerings (IPOs) of Ujjivan Small Finance Bank (SFB) and Equitas SFB. While Ujjivan was listed in December 2019, Equitas hit the market in October last year. The pandemic was not reckoned on when Ujjivan SFB was listed, while in Equitas’ case, the effect of the pandemic wasn’t anticipated to be very strong as it turned out to be. It was in the December 2020 quarter (Q3) results that it became obvious that both banks would take a while to heal. READ MORE
 

SECTOR WATCH:: Telecom stocks dip

Company LATEST(rs) CHG(%)
Vodafone Idea 12.62 -2.17
Bharti Airtel 593.30 -0.85
Tata Comm 1025.15 -0.49
» More

Lower margins let down Titan despite demand gains in December quarter

Led by a robust recovery in the jewellery segment, Titan posted 17 per cent growth in consolidated revenues for the December quarter (Q3). The return to positive territory, after three consecutive quarters of decline, was aided by a 16 per cent year-on-year (YoY) jump in core jewellery sales. Bullion and coin sales, too, were strong, taking the overall segment sales up 22 per cent. READ MORE

ITC dips 3% as investors book profit post December quarter results

Shares of ITC were trading 3 per cent lower at Rs 226 on the BSE in Friday's intra-day trade as investors booked profit in the counter following the firm's December quarter numbers. The company, on Thursday, reported an 11.6 per cent drop year-on-year (YoY) in its consolidated profit to Rs 3,663 crore in the December quarter (Q3FY21). The profit was impacted by lower operating profit and higher tax provisioning. The board declared an interim dividend of Rs 5 per share. READ MORE

Rupee opening

Rupee opens higher at 72.80/$ vs Thursday's close of 72.85 against the US dollar

Aviation stocks take flight as govt ups fare price band; SpiceJet gains 7%

Shares of aviation firms InterGlobe Aviation and SpiceJet took off at the bourses on Friday, cheering the government's decision to increase the upper and lower cap on airfare by up to 30 per cent. In the intra-day trade, IndiGo shares jumped up to 4.7 per cent on the BSE to hit an intra-day high of Rs 1,704 apiece while those of SpiceJet soared 7 per cent to a high of Rs 94 per share. READ MORE

Gold eases as dollar rises, still on track for best week in three

Gold eased on Friday as the dollar and Treasury yields edged higher, but prices were on course for their best week in three as hopes of more U.S. stimulus underpinned the metal. Spot gold dipped 0.3% to $1,820.73 per ounce by 0245 GMT. Prices were up 0.5% so far this week. U.S. gold futures slipped 0.3% to $1,821.10. "The U.S. jobs numbers sort of talked some sense of inflation risk out of the market and that may have weighed on gold," said IG Market analyst Kyle Rodda. READ MORE

Top gainers on the BSE at this hour

Company PRICE(rs) CHG(%)
Piramal Enterp. 1734.90 6.22
Affle India 5349.25 5.00
SpiceJet 91.65 4.50
General Insuranc 144.00 4.46
CRISIL 1978.00 4.09
» More on Top Gainers

Result Reaction :: ACC share rise marginally post December quarter numbers

Cement maker ACC reported a 72.88 per cent YoY jump in consolidated net profit to Rs 472.44 crore for the fourth quarter ended December 31. Its total revenue from operations in October-December 2020 rose 2.08 per cent YoY to Rs 4,144.72 crore.

Nifty IT index outperforms


Most active stocks by volume

Company PRICE(rs) CHG(%)
Bajaj Consumer 254.00 -3.86
Vodafone Idea 12.72 -1.40
Zee Entertainmen 215.80 0.28
Ashok Leyland 128.65 -4.70
Punjab Natl.Bank 38.60 -0.26
» More on Most Active Volume

Thomas Cook gains 2% after Sebi approves withdrawal of buyback

>>  Markets regulator Sebi on Thursday allowed Thomas Cook (India) to withdraw its buyback offer because of substantial deterioration in the company's financial position due to the Covid–19 pandemic.


Ashok Leyland tumbles 4% on margin concerns in Q3

>> The company on Thursday reported a net loss of Rs 19 crore for the third quarter ended December 31, 2020. The company had reported a net profit of Rs 28 crore in the October-December quarter of 2019-20.


SpiceJet up over 4%


IndiGo gains over 3% as govt raises fare price band


Sun Pharma erases early morning gains

>> The pharma company and its senior officials, including Managing Director Dilip Shanghvi, on Thursday, settled with regulator Sebi a case pertaining to an alleged violation of listing obligation and disclosure requirements norms.


ITC declines over 2% on lower-than-expected Q3 nos

>> Cigarette-to-hotel conglomerate ITC reported a consolidated net profit of Rs 3,587 crore for the quarter ended December 31, down 11 per cent from Rs 4050.40 crore clocked in the corresponding quarter a year earlier. ITC's board declared an interim dividend of Rs 5 per share for the current financial year.


Sectoral trends on NSE at Open


Sensex Heatmap at Open


Opening Bell


Opening Bell


Commodity Heatmap


Top gainers and losers on S&P BSE Sensex at Pre-open


Markets at Pre-open


Markets at Pre-open


Brokerage Take :: Emkay raises target price on ITC post Q3 numbers

- ITC reported a sequential recovery in Q3. Cigarette sales/EBIT declined 8%, in line with estimates. PBT fell 6% to Rs48.5bn, 5% below estimates, due to a slight miss on margins in FMCG, Agribusiness and Paper. PAT declined 12% yoy on lower ETR in Q3FY20. 
 
- Cigarette recovery continued mom with Dec20 being better. Further reopening and stable taxation should support recovery and growth in cigarettes sales/EBIT ahead. ITC’s initiatives on portfolio expansion and innovations targeting gaps appear positive. 
 
- FMCG comparable growth of 11% and EBITDA margin expansion of 150bps (230bps including Sunrise) were healthy but lower than expectations due to moderation in staples/convenience foods and high ad spends. Strong traction in the Health & Hygiene portfolio, pick-up in ESPB and aggressive innovation should boost growth and margin gains.
 
- We keep estimates unchanged currently but believe that further recovery in cigarettes/other divisions can lead to an upgrade in FY22/23 forecasts. ITC’s increased aggression on innovations and cost efficiencies are encouraging. Valuations at 16x FY23E provide attractive upsides. Maintain Buy with a revised TP of Rs 265 (from Rs 250 earlier), based on 18x Mar’23E EPS.

Stocks to watch: ITC, Sun Pharma, Grasim, Power Grid, ACC, aviation stocks

IndiGo, Spicejet: Airline stocks will be in focus today after the government increased the upper and lower cap on airfare by up to 30 per cent in a move that’s expected to push up tariffs and improve the financials of airlines hit hard by the pandemic.
 
Q3 earnings: Grasim Industries, Dilip Buildcon, Inox Wind, Godrej Industries, Hindustan Aeronautics, Indiabulls Housing Finance and Sobha are among over 950 companies that are set to post their quarterly numbers today. READ MORE

Two stocks Gaurav Garg of CapitalVia is bullish on

Buy | Dhani Services Limited (Above Rs 365)
The stock is forming bullish flag pattern on daily charts, and breaking its resistance might push the stock to its 52-week high.
 
Buy | Relaxo Limited (Above Rs 900)
The stock is sustaining at its major resistance. A breakout from the level of 900 might show good momentum. READ MORE

Oil extends losses after gloomier outlooks from OPEC, IEA

Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied. Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. U.S. oil was down 36 cents, or 0.6% at $57.88 a barrel, after falling by 0.8% on Thursday.

(Source: Reuters)

FII net buyers on Thursday while DIIs net sellers


BSE bulk deal data for Thursday

NSE bulk deal data for Thursday

Lower start on cards

>> At 8:35 am, the index was quoting at 15,168 levels, down 29 points 

Wall Street check

On Wall Street, prices held near records as investors bet on more government spending, although enthusiasm was tempered when US President Joe Biden argued for more infrastructure spending by saying in part that China was poised to “eat our lunch.” Overall, the Nasdaq and S&P 500 eked out gains of 0.4 per cent and 0.2 per cent, respectively, while the Dow Jones slipped 0.02 per cent.

Asian market check

In Friday's early Asian trade, the Australian ASX 200 index and Japan's Nikkei were down 0.3 per cent, each. Markets in Greater China and most of Southeast Asia are closed on Friday for the Lunar New Year holiday.

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