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Markets gap open in positive territory on January 29: Sense 47324 –up < 1 %

Stock Market Highlights: Sensex slips 535 points, Nifty ends January series below 13,850; IT stocks, PSU Banks drag on 28th Jan but picks up dramatically on 29th.

Apple hits record revenue of over $100 billion; Tim Cook calls it a historic holiday season.

FM to submit Economic Survey today. Budget on 1st Feb 2021

Wall Street: On Thursday, the Dow Jones Industrial Average rose 300 points, thanks to gains in Disney, Intel and American Express. The S&P 500 climbed nearly 1%. Thursday’s rally follows the worst sell-off in the Dow and S&P in three months on Wednesday. The Nasdaq Composite closed up 0.50% on Thursday.

Asian Stocks: Stocks in Asia-Pacific were higher in Friday trade as shares stateside saw an overnight bounce from heavy losses suffered on Wednesday. Mainland Chinese stocks were trading higher, Shanghai Composite gained 0.67 percent while Shenzhen component jumped 1.22 percent, Hong Kong’s Hang Seng index rose 1.17 percent. Japan’s Nikkei was 0.29 percent higher while South Korea’s Kospi was trading 11 percent higher. The S&P ASX200 was up 0.7 percent. MSCI’s broadest index of APAC shares was trading 0.89 percent higher.

Indian Markets: Indian indices ended nearly a percent lower on Thursday, extending losses for the fifth consecutive session with the Nifty falling below 13,880 dragged mainly by losses in the IT and financial stocks. The Sensex ended 535.57 points or 1.13 percent lower at 46,874.36, while the Nifty declined 149.95 points or 1.07 percent to close at 13,817.55. Broader markets, meanwhile, reeled under pressure with the Nifty Midcap index falling 0.59 percent and small cap index declining 0.69 percent.

Stock Market Highlights: Indian equity benchmark indices ended a percent lower on Thursday, extending losses for the fifth consecutive session, dragged mainly by selling in IT stocks amid weak global cues. Broader markets declined with Nifty Smallcap100 and Nifty Midcap100 down 0.69 percent and 0.59 percent, respectively. Among sectors, Nifty IT and Nifty Realty fell the most over 2 percent followed by Nifty PSU Bank, Nifty FMCG and Nifty Auto.

13,700 has acted as good support for the market. What needs to be seen is if we can keep above this level over the next few days. If we break 13,700, we could slide down to 13,500-13,600 and then to 13,200. On the upside, we have a stiff resistance at 14,500 and only if we can close above that can we start thinking on the long side and accumulate buy positions.

Market At Close. 28th

– Sensex & Nifty Close Lower But Off Lows; Nifty Bank Recovers To End Higher

– Sensex, Nifty & Midcap Index Extend Losing Streak To Five Days

– Axis Bank, SBI & ICICI Help Nifty Bank Turn Positive While HDFC Bank Drags

– Nifty Is Down More Than 900 Pts & Sensex Over 3,300 Points From Record Highs

– Nifty Closes 150 Points Lower At 13,818 & Sensex 5356 Points Lower At 46,874

– Nifty Bank Gains 671 Points From Lows To Close 74 Points Higher At 30,358

– Midcap Index Slips 125 Pts To Close At 20,990

– Realty & IT Indices Fell The Most With Both Indices Recording Fall of Over 2% Each

– 32 Nifty Stocks Close In The Red; HUL, Maruti, Wipro & HDFC Bank Top Losers

– Maruti & HUL Slip While Axis Bank Rises After Q3 Earnings

– Colgate & DB Corp Gain While  Radico Khaitan, Welspun & Route Mobile Slip After Earnings

– MTNL Surges 125 After The Official Announcement Of ‘No Merger’ With BSNL

– Bank Of Baroda & United Spirits Fall Over 9% After Oct-Dec Earnings

– Fertiliser Companies Surge; FACT & NFL Gain 10% Each

– Market Breadth Neutral With Advance-Decline Ratio At 1:1

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