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Market Watch (ETMarkets.com)
06:02 Min | February 09, 2021, 7:57 PM IST
Tune in as we discuss about market moves, how bank stocks are faring, and more!
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Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour.
Equity MFs see outflow for 7th straight month in Jan
LIC policyholders to be eligible for reservation in IPO
Fuel rates at fresh highs; petrol crosses Rs 87 mark in Delhi
Registration data shows auto sales fell 10% in Jan
Bitcoin tops $48,000 for first time
Ahead of Market: 12 things that will decide stock action on Wednesday
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Synopsis We might see some consolidation in the index and it would be healthy. We thus advise using intermediate corrective moves to accumulate quality stocks on dips and avoid contrarian trades, said Ajit Mishra, VP - Research, Religare Broking.
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Analysts said the 15,060-15,050 range is crucial and any breach of this zone may extend profit booking going ahead.
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NEW DELHI: Nifty made a gap-up opening on Tuesday, but saw a volatile trade in the intraday session snapping its winning streak. The index closed slightly lower than its opening numbers and formed an indecisive candle similar to that of a Spinning top on the daily charts.
The Budget rally has made investors richer by Rs 16.7 lakh crore in the last six sessions. Market cap on BSE rose to Rs 202.82 lakh crore today against Rs 186.12 lakh crore on January 29 this year.