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NIFTY 5023,721.3
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SENSEX78,053.52
712.44(0.92%)
NIFTY BANK52,606
902.05(1.74%)
NIFTY NEXT 5071,360.85
-281.40(-0.39%)
NIFTY 10024,757.8
136.20(0.55%)
NIFTY MIDCAP 5015,659.85
-47.80(-0.30%)
NIFTY SMLCAP 508,561.15
33.80(0.40%)
MIDCAP46,020.08
-117.82(-0.26%)
NIFTY MID SELECT12,282.1
6.20(0.05%)
AMARA RAJA ENERGY MOB LTD1,646.2
266.15(19.29%)
CRAFTSMAN AUTOMATION LTD5,463.8
633.05(13.10%)
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+5.74%
29.40M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
60.75
+0.21%
0.13M
NIP IND ETF PSU BANK BEES
82.02
+0.18%
0.15M
CPSE ETF
92.91
-0.67%
-0.63M
NIP IND ETF IT
37.89
+1.09%
0.41M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
ELGI EQUIPMENTS LTD
743.30
-3.37%
-25.90M
GKW LIMITED
2,850.45
+2.33%
64.80M
CUMMINS INDIA LTD
4,006.80
-0.88%
-35.70M
PODDAR PIGMENTS LIMITED
456.60
-2.56%
-12.00M
SUZLON ENERGY LIMITED
53.60
-2.01%
-1.10M
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  1. Indian markets set for a muted start

Market News

Indian markets set for a muted start

Author

2 min read | Updated on February 06, 2024, 08:40 IST

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SUMMARY

Indian shares closed lower in a volatile session on Monday, amid a pullback in financials after a recent rally.

stock-trading-6525081_1280.jpg

Asian markets, with the exception of China,, were subdued while Wall Street equities closed lower overnight.

Bengaluru, 6 February (Reuters): Indian shares are set for a muted start on Tuesday, tracking weakness in Asian peers after strong U.S. economic data and Federal Reserve's recent commentary dampened hopes of early rate cuts in the world's largest economy.

India's GIFT Nifty was trading at 21,814.50 points as of 8:08 a.m. IST, suggesting the NSE Nifty 50 will open near its Monday close of 21,771.70.

Asian markets, with the exception of China which jumped on measures to limit risks involving pledged shares and margin financing, were subdued while Wall Street equities closed lower overnight.

The comments by Fed Chair Jerome Powell over the weekend, pushing back against the prospect of near-term rate cuts, and strong U.S. services sector growth weighed on the sentiment.

Indian shares closed lower in a volatile session on Monday, amid a pullback in financials after a recent rally.

Foreign portfolio investors (FPIs) bought a net ₹519 crore ($62.5 million) worth of shares on Monday while domestic institutional investors sold stocks worth ₹1,189 crore on a net basis, according to exchange data.

Stocks to watch

Bharti Airtel: Company missed third-quarter profit view as costs outweigh subscriber growth.

One 97 Communications: Company denied reports of probe or violation of foreign exchange rules.

Ashok Leyland: Company beat December quarter profit view helped by high demand, low costs.

Key results on Tuesday: Britannia Industries, JK Tyre & Industries, FSN E-Commerce Ventures . ($1 = 83.0210 Indian rupees)

About The Authors

Upstox News Desk
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
60.75
+0.21%
0.13M
NIP IND ETF PSU BANK BEES
82.02
+0.18%
0.15M
CPSE ETF
92.91
-0.67%
-0.63M
NIP IND ETF IT
37.89
+1.09%
0.41M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
ELGI EQUIPMENTS LTD
743.30
-3.37%
-25.90M
GKW LIMITED
2,850.45
+2.33%
64.80M
CUMMINS INDIA LTD
4,006.80
-0.88%
-35.70M
PODDAR PIGMENTS LIMITED
456.60
-2.56%
-12.00M
SUZLON ENERGY LIMITED
53.60
-2.01%
-1.10M

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