Stock Market Today: GIFT Nifty Indicates a Cautious Start For Indian Indices
🗓
by Sandip Das on 6 February 2024, 4 min read
The Indian stock market slipped in the red in the last hour of trade on February 5, 2024. At close, Sensex declined 354 points at 71,731 while Nifty ended the session at 21771, down 82 points.
Around 1,116 stocks advanced and 1,545 declined while 88 stocks remained unchanged.
On the sectoral front, banks, capital goods, Information Technology, and FMCG were down 0.3-0.9 percent, while auto, pharma, metal, oil & gas, and realty added 1 percent each.
GIFT Nifty
GIFT Nifty indicates a cautious start for Indian indices.
US Markets
Wall Street’s main indexes closed lower on Monday after Federal Reserve Chair Jerome Powell pushed back firmly against speculation that rate cuts would be imminent, while investors assessed a mixed bag of US earnings reports.
The Dow Jones Industrial Average fell 274.30 points, or 0.71% , to 38,380.12. The S&P 500 lost 15.80 points, or 0.32%, to 4,942.81. The Nasdaq Composite lost 31.28 points, or 0.20%, to 15,597.68, according to a Reuters report.
Asian Markets
Most Asia-Pacific markets fell Tuesday with investors awaiting the Reserve Bank of Australia’s rate decision, though China stocks extended gains a day after its stimulus measures kicked in.
In Australia, the S&P/ASX 200 extended losses from Tuesday, falling 0.73% ahead of the RBA decision. Japan’s Nikkei 225 slipped 0.65%, while the Topix saw a larger loss of 0.75%. South Korea’s Kospi reversed earlier gains and was down 0.71%, while the small-cap Kosdaq lost 0.68%. Hong Kong’s Hang Seng index bucked the trend to start the day up 1.2%, while the mainland Chinese CSI 300 gained 0.34%, according to a CNBC report.
Results today
Britannia Industries, FSN E-Commerce Ventures (Nykaa), Birla Corporation, Computer Age Management Services, Endurance Technologies, Godrej Properties, JK Tyre & Industries, Lemon Tree Hotels, Max Financial Services, Nazara Technologies, NLC India, Trident, Tata Teleservices (Maharashtra), Welspun Corp and Zaggle Prepaid Ocean Services.
Also read: Apeejay Surrendra Park Hotels IPO: Check Out Price Band, Issue Size & More
Stocks in the news
- Aurobindo Pharma: The United States Food and Drug Administration (US FDA) inspected Unit-III, a formulation manufacturing facility of Eugia Pharma Specialities, a wholly owned subsidiary of Aurobindo Pharma in Telangana. The US FDA closed its inspection with nine observations for the said unit.
- Cochin Shipyard: The company has entered into a contract with the Indian Navy for the medium refits of two Indian naval vessels. This multiple-refinance contract was worth Rs 150 crore. Its scope of work includes dry-docking and refit as well as upgrading equipment on board the ships.
- JSW Energy: JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has secured a capacity allocation of 6.5 KTPA for setting up of a green hydrogen production facility in the first-ever auction conducted by Solar Energy Corporation of India.
- H.G. Infra Engineering: The company has received a letter of acceptance from Central Railway for the construction of a New BG Line Between Dhule (Borvihir) to Nardana (Approx. 49.45 Km) of Central Railway. The project cost is Rs 716.11 crore.
- Zee Entertainment: The Singapore International Arbitration Centre (SIAC) has denied interim relief to Culver Max, which operates Sony Pictures Networks India, and Bangla Entertainment, against Zee Entertainment Enterprises’ plea before the National Company Law Tribunal (NCLT) seeking the implementation of the merger scheme, as per a regulatory filing.
- Eicher Motors: The company’s trucks and buses, a division of VE Commercial Vehicles, has announced its entry into the Small Commercial Vehicle (SCV) segment with the Global Unveil of its EVFirst Eicher Truck at Bharat Mobility Global Expo 2024.
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 518.88 crore, while domestic institutional investors (DIIs) sold Rs 1,188.68 crore worth of stocks on February 5.
Bulk Deals:
- One 97 Communications Ltd: Morgan Stanley Asia (Singapore) Pte.- Odi bought 50,00,000 shares at Rs 487.2
- Swan Energy Limited: 2I Capital Pcc sold 25,00,000 shares at Rs 657.27
- Pricol Limited: Societe Generale bought 8,24,704 shares at Rs 408.05
- Tourism Finance Corporation: Quant Mutual Fund bought 6,00,000 shares at Rs 208.57
- PB Fintech: PI Opportunities Fund II sold 46,43,528 shares at Rs 985.07
Stocks under F&O ban on NSE
The NSE has added National Aluminium Company and UPL to the F&O ban list for February 6
Disclaimer: The content of this blog post is intended solely for informational purposes and should not be interpreted as investment or trading advice. The author does not assure the accuracy or completeness of the information presented. Any decisions or actions taken based on the content of this blog post are undertaken at your own risk.
Open Free Demat Account!
In just a few minutes, Simply provide some basic personal details, to get started.
Trinity, 226/1, A.J.C. Bose Road, 7th Floor, Kolkata - 700 020 Kolkata, India.
