Goodwill Investor Education Initiative: GoodWill Eagle’s Eyes! Sensex >51,000… Nifty > 15000 5th Feb 2021
Markets in unabated “Bull” mode: New Highs on screen
Tata to build Military Aircrafts in India …Make in India..Atmanirbhar Bharat:
RBI MPC Meet Today:
The Indian market opens higher on Friday ahead of the Reserve Bank of India’s monetary policy outcome amid positive global cues. The central bank is expected to keep the key policy rates unchanged. At 7:10 am, the SGX Nifty was trading 35.00 points or 0.23 percent higher at 14,930.50, indicating a positive start for the Sensex and Nifty50.
- Wall Street: Wall Street’s main indexes rose on Thursday as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing. At 9:50 a.m. ET, the Dow Jones Industrial Average was up 159.70 points, or 0.52 percent, at 30,883.30, the S&P 500 was up 15.86 points, or 0.41 percent, at 3,846.03, and the Nasdaq Composite was up 63.17 points, or 0.46 percent, at 13,673.72.
Asian stocks: Shares in Asia-Pacific rose in Friday trade after overnight gains stateside that saw the S&P 500 hitting a record closing high. Meanwhile, the benchmark Hang Seng index in Hong Kong gained 0.81 percent. The Shanghai Composite was up 0.36 percent while the Shenzhen component rose 0.159 percent. In Japan, the Nikkei 225 gained 1.04 percent while the Topix index rose 0.92 percent. South Korea’s Kospi advanced 0.21 percent. Shares in Australia rose as the S&P/ASX 200 gained 0.84 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.37 percent higher.
Dalal Street: The Indian benchmark equity indices, Sensex and Nifty ended at record high levels on Thursday, extending their gaining streak for the fourth consecutive session, led by a surge in banking, metals, and FMCG stocks. The Sensex ended 358.54 points, or 0.71 percent, higher at 50,614.29, while the Nifty gained 105.70 points or 0.71 percent to close at 14,895.65.
Oil: Oil pared gains on Thursday after a stronger US dollar pressured prices that earlier hit year highs due to falling US inventories and the OPEC+ decision to stick to its output cuts. Brent crude gained 17 cents to $58.63 a barrel by 12 pm EST (1700 GMT), having earlier hit its highest level since Feb. 21 at $59.04. US West Texas Intermediate (WTI) crude was up 27 cents $55.96 a barrel after reaching its highest settlement level in a year on Wednesday at $55.69.
Rupee: The Indian rupee ended unchanged at 72.96 against the US dollar on Thursday in range-bound trade ahead of RBI’s monetary policy decision. At the interbank forex market, the rupee opened at 72.92 against the greenback and witnessed an intra-day high of 72.90 and a low of 72.96. It finally ended at 72.96 against the American currency, unchanged from its previous close.
Gold: Gold in the national capital on Thursday declined Rs 322 to Rs 47,135 per 10 gram, recording a fall for the fourth consecutive day, with drop-in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, it had closed at Rs 47,457 per 10 gram. Silver also declined Rs 972 to Rs 67,170 per kg, from Rs 68,142 per kg in the previous trade.
RBI MPC: The Monetary Policy Committee (MPC) is likely to maintain the status quo on rates on Friday but is widely expected to communicate its stance on liquidity management, analysts said.
BSE MCap: The market capitalization of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalization of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 percent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
Future-Reliance deal: Future Retail has said that the SEBI order on February 3 barring Kishore Biyani and 7 others from the securities market will not impact its ongoing deal with Reliance Industries.
Brookfield India Real Estate Trust IPO: The initial public offering (IPO) of Brookfield India Real Estate Trust has been subscribed 77 percent on Thursday, the second day of the bidding. The Brookfield REIT offer has received bids for 5.88 crore units against the IPO size of 7.62 crore units. The issue will close on February 5.
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