The barometers move sideways; strong width

Benchmarks hovered near the flat line during mid-afternoon trading. Oil and gas, FMCG and information technology stocks supported benchmarks while auto and consumer durable certificates fell. The Nifty hovered a little above the 17,750 mark.

At 2:30 p.m. IST, the barometer index, the S&P BSE Sensex, lost 20.38 points or 0.03% to 59,581.46. The Nifty 50 index gained 12.85 points or 0.07% to 17,758.75.

Overall, the S&P BSE Mid-Cap Index gained 0.30% while the S&P BSE Small-Cap Index rose 0.29%.

The scale of the market was strong. On BSE, 2,066 stocks rose and 1,308 stocks fell. In total, 93 shares remained unchanged.

COVID-19 Update:

In the past 24 hours, India has registered 1,17,100 new cases, bringing the country’s number of active cases to 3,71,363. The daily positivity rate stood at 7.74%. Meanwhile, omicron’s tally in the country stood at 3,007.

Numbers to follow:

The yield on the 10-year federal benchmark paper fell to 6.519% from 6.525% at the close of the previous trading session.

In the forex market, the rupee is higher against the dollar. The partially convertible rupee hovered at 74.35, from a close of 74.4250 in the previous trading session.

MCX Gold futures for the February 4, 2022 settlement fell 0.17% to Rs 47,369.

The US Dollar Index (DXY), which tracks the value of the greenback against a basket of currencies, lost 0.14% to 96.18.

In the commodities market, Brent crude for the March 2022 settlement rose 23 cents to $ 82.22 per barrel.

Buzz Index:

The Nifty Auto index fell 0.52% to 11,258.25. The index has added 5.21% over the past five trading days.

Mahindra & Mahindra (M&M) (down 1.51%), Tube Investments of India (down 1.44%), TVS Motor Company (down 1.17%), Bosch (down 1, 12%) and Bajaj Auto (down 0.96%) were the main losers in the Auto segment.

Global markets:

European stocks fell while Asian stocks ended mixed on Friday, as fears of a more aggressive US Federal Reserve cut triggered a sell-off in the global market.

Powered by Capital Market – Live News

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor


Source link

Comments are closed.