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The market opened in the green on February 7, 2020. The previous trading session witnessed the Sensex going up by 163.37 points to end at 41,306.03 and the Nifty was up by 48.80 points to close at 12,137.95.

The market opened in the green on February 7, 2020. The previous trading session witnessed the Sensex going up by 163.37 points to end at 41,306.03 and the Nifty was up by 48.80 points to close at 12,137.95. 

EBITDA for the quarter grew by 30.1 per cent YoY to Rs 67.49 crore as against Rs 51.86 crore in the corresponding quarter last year, with a corresponding margin expansion of 61 bps. EBITDA margin for the quarter stood at 14.3 per cent.

Wait for a consolidation to take the fresh long positions as long as Nifty trades above the 12,030 mark. But any close below the prior bar low, will be a sign of weakening trend. Stocks in news: Adani Transmission, Wipro, Bharti Airtel, Adani Enterprises, BEML.

The bulls continued to march higher and recorded gains for the fourth consecutive day after RBI left policy rates unchanged but maintained its accommodative stance to boost growth. However, on candlestick pattern, there is a formation of ‘spinning top’ like candle and a V-shaped recovery formation of this pattern indicates profit booking.

Prestige Estates, the leading real-estates development company in India, informed on Thursday that they have raised Rs 900 crore through Qualified Institutional Placement (QIP).

On Thursday, the shares of Hind Rectifiers fell by around 17.39 per cent, due to heavy selling, after the company reported its results for the quarter ended December 2019.

Its consolidated revenue for the quarter Q3FY20 came in at Rs 2,582.74 crore, as against Rs 2,281.55 crore in the corresponding quarter last year, registering 13.2 per cent YoY increase. EBITDA for the quarter grew by 136.1 per cent YoY to Rs 408.29 crore, as against Rs 172.93 crore in the corresponding quarter last year, with a corresponding margin expansion of 823 bps.

Reserve Bank of India (RBI) held rates steady on Thursday, as it sought to support faltering growth and avoid stoking already high inflation levels.