ALL >> Investing---Finance >> View Article
Sgx Nifty Indicates Negative Opening; Godrej Consumer And Linde India To Declare Q4 Results Today

At 8:00 am IST, SGX Nifty Futures was trading at 14,781, compared with Nifty’s close of 14,942 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Two
Global stock markets: Dow30, -0.1%; S&P 500, -1.0%; Nasdaq, -2.6%; Kospi, -1.6%; Nikkei, -2.7%; Shanghai Composite, -1.2%
Yesterday, Nifty started the session on a positive note, opening around 100 points higher. It traded in a narrow range of just 70 points, relatively lower than in recent times. Thus, it closed in the green for the fourth consecutive session, advancing almost 450 points. Of Nifty50 stocks, 76% closed in the green, led by COALINDIA (+7.5%) and UPL (+7.2%).
All sectoral indices closed in the green. Nifty Metal (+3.1%) and Pharma (+2.8%) advanced the most. The advance-decline ratio was in favor of advancers. Of the 2,298 stocks traded, 1,344 advanced, 612 declined, and the rest remained unchanged.
Currently, Nifty is just 4% off highs, but it has advanced higher on less than average volume, which is not a good sign. Ideally, we would want the volume to be above ...
... average for any upward move. However, without trying to predict and decode stories, we will take what the market gives and continue to monitor unfolding conditions. If the index falls further and adds a couple of distribution days, we may change the market status to an Uptrend Under Pressure. Continue to trim or avoid ideas lagging and/or breaking down below major moving averages.
Key Results Today: Alembic (Nse) , Siemens, KEC international, Granules India, Godrej csm.products (Nse), Linde India, and others.
Key News:
HFCL announced Q4 FY21 results yesterday. Revenue was up 109% y/y to Rs 1,391.4 crore. PAT came in at Rs 84.7 crore compared with Rs 5.8 crore in Q4 FY20.
Jmc projects India announced Q4 FY21 results yesterday. Revenue rose 42.6% y/y to Rs 1,392.2 crore. It reported a profit of Rs 41.4 crore against loss of Rs 54.8 crore in Q4FY20.
Chambal Fert & Chems’s Q4 FY21 revenue fell 16.7% y/y to Rs 1,640.8 crore. PAT was up 126% to Rs 447.9 crore.
Buy Watchlist: Ramkrishna Forgings, Hindustan Zinc (Nse), PI industries, Relaxo Footwears, Tata power, Gujarat State Petronet, Apollo hosps. enterprise, Eris Lifesciences, Asian paints, Wipro (Nse), Amrutanjan health care , LUX industries, Rain industries, Apollo tricoat tubes, and Balkrishna industries
Related Articles:
Balkrishna industries: Powers North As It reaches its 52-week High.
These Two Stocks Are In A Buy Range: Ramco Ind and Timken India
Add Comment
Investing / Finance Articles
1. Finsta: Simplifying Finance With Smart Loan Management SoftwareAuthor: Ojeshwanigyb31
2. Direct Lender Installment Loans For Life’s Big Moments
Author: Novlik
3. Why Hiring An Sme Ipo Consultant Is Critical For Your Company’s Successful Listing
Author: IPO Consultant
4. $500 Cash Advance No Credit Check
Author: Easy Payday Lenders
5. Why You Should Consult A Pension Advisor In The Uk
Author: Financeadvisors
6. Fixed Vs Floating Rates: Smarter Housing Loans In Hyderabad
Author: anilsinhaanni
7. See Beyond: Master The Markets With Expert Online Stock Market Training
Author: seebeyond
8. Stock Market Advisory: How To Identify The Best Stock Advisory For Smart Investments
Author: SandeepS
9. Bridging Loans Finance Lenders For Amazing Experience
Author: Bull Venture Capital
10. Private Health Insurance Providers In The Uk: A Comprehensive Guide
Author: Financeadvisors
11. Equity Release: A Guide To Releasing Equity From Your House
Author: Financeadvisors
12. Do I Need A Financial Advisor To Withdraw My Pension In The Uk?
Author: FinanceadvisorsUK
13. Financial Planning Strategies For Digital Creators
Author: George Ivan
14. Fix And Flip Financing: The Bottom Line
Author: Bull Venture Capital
15. Top Tips To Choose The Right Equity Release Plan
Author: Financeadvisors