Activity in the F&O market for the weekly expiry on February 10 shows 17500 to act as resistance now. 

Given the improvement in consumer sentiment on account of the severity of the third wave of the pandemic now on the wane, Polycab India expects all its business channels to post impressive growth in the coming years, as shared by Chief Financial Officer Gandharv Tongia in this exclusive interview. 

The day’s movers which gave a breather to the falling market are CreditAccess Grameen, Interglobe Aviation and NLC India.

Among the sectoral indices, Banking and Financials and Capital Goods were the biggest losers as losses extended to most sectors barring Utilities led by Adani Group while HDFC twins bore the brunt of the bears. BSE 500 closed at 23630 with a loss of 336 points or 1.4 per cent.

On Monday, Indian markets opened in red due to mixed Asian market cues as investors continued to be cautious around the Ukraine crisis and internalize US jobs data and central bank moves in the region.

Part of the INOX Group of companies, Gujarat Fluorochemicals has turned multibagger in the past year by delivering a stellar return of 431.36 per cent to its shareholders. The stock closed at Rs 3092 on February 07, 2022, from a low of Rs 581.90 on February 05, 2021. 

BSE Small-cap index relatively outperformed broader markets by slipping 0.75 per cent, closing at 29,480.13.

CoinSwitch, a cryptocurrency platform, stated in its press release that it plans to launch a recurring buy plan (RBP) for retail investors.

It has been a disappointing day for the bulls as Nifty had a free-fall today, as it shredded about 300 points or 1.76 per cent.

Nahar Industrial Enterprises Limited, a vertically-integrated textile manufacturing company, has hit the upper circuit of 20 per cent after posting its Q3FY22 performance. 

Sugar stocks are in the buzz and they are once again trending upwards