123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Sgx Nifty Indicates Muted Opening; Asian Paints And Lupin To Declare Q4 Results Today

Profile Picture
By Author: Marketsmith India
Total Articles: 49
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

At 8:00 am IST, SGX Nifty Futures was trading at 14,833, compared with Nifty’s close of 14,850 yesterday.

Market Pulse: Confirmed Uptrend

Distribution Day Count: Three

Global stock markets: Dow30, -1.4%; S&P 500, -0.9%; Nasdaq, -0.1%; Kospi, -0.8%; Nikkei, -0.7%; Shanghai Composite, +0.1%

Nifty gapped lower yesterday on weak global cues. However, it recovered around 80 points in the opening hour. After a little consolidation, it further moved higher and made a high of 14,900. From there, it reversed and closed around 14,850. As the volume was higher compared with the previous session, we considered it a distribution day.

The positive momentum remained intact in the broader market. Midcap and Smallcap indices outperformed benchmark indices. There was a mixed action on the sectoral front. Nifty PSU Bank (+1.2%), Realty (+0.3%), and Auto (+0.3%) closed higher, while Nifty Private Banks, Financial Services, and Metals closed more than 1% lower. The advance-decline ratio was in favor of advancers. Of the 2,257 stocks traded, 1,162 advanced, 757 declined, ...
... and the rest remained unchanged.

Looking forward, 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, adds a distribution day, and breaches its key moving averages, 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: Asian paints, Lupin (Nse), UPL, Apollo Tyres (Nse), Tata Power, Vaibhav Global and others.

Key News:
Linde India announced Q4 FY21 results yesterday. Revenue rose 16.9% y/y to Rs 441 crore. PAT came in at Rs 303 crore compared with Rs 39 crore in Q4 FY20.

Siemens announced Q4 FY21 results yesterday. Revenue increased 31.9% y/y to Rs 3,483 crore. PAT was up 90% to Rs 334 crore.

Godrej Consumer Product’s Q4 FY21 revenue grew 26.7% y/y to Rs 2,730 crore. PAT was up 59% to Rs 365 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 :

This Utility-Electric Power Stock Is Nearing A Pivot Point: Tata Power

Upl Stock Is Breaking Out Of A 5-Week Flat Base Pattern


For more details Please visit:
SGX Nifty Indicates Muted Opening; Asian Paints and Lupin to Declare Q4 Results Today
Stock Market Research
https://marketsmithindia.com

Total Views: 303Word Count: 411See All articles From Author

Add Comment

Investing / Finance Articles

1. Breadalbane Finance Highlights Key Differences And Opportunities In Asset Finance Across Scotland
Author: Asset Finance

2. Authoritative Tips For Making Smarter Property Investment Decisions
Author: Rick Lopez

3. Why Do Small Businesses In San Francisco Need A Tax Advisor?
Author: GavTax Advisory Services

4. How To Start A Successful Career In Banking After Graduation
Author: sandeep

5. The Crucial Function Of An Investment Advisor For Making A Desired Real Estate Plan!
Author: Rick Lopez

6. Smart Money Moves In 2025: Top Financial Strategies Every Indian Should Follow
Author: Financenu

7. Stock Market Advisory: Choosing The Top Advisory Company In India For Smart Investments
Author: Vinay

8. How A Certificate Course In Retail Can Open Doors To New Job Opportunities
Author: sandeep

9. Top 5 Best Crypto Apps For Ios To Manage Your Crypto With Ease
Author: CryptoReach

10. Best Home Loan In Noida 2025 | Affordable Interest Rates & Easy Emi
Author: dhresh jindal

11. Smarten Power Systems Ipo: Complete Overview, Dates & Gmp Guide
Author: finowings

12. Banking And Finance Training In India: Scope, Opportunities, And Future Trends
Author: sandeep

13. How To Protect Your Crypto Wallet: Essential Tips Beyond Passwords
Author: Eldon Ryder

14. Ipo Grey Market Premium (gmp) Guide | Live & Upcoming Ipo Gmp Trends
Author: finowings

15. Top Benefits Of Enrolling In A Certificate Course In Banking
Author: sandeep

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: