Today Market Prediction

THURSDAY 

04-MAR-2021

 

Volatile Session ahead of Weekly Nifty-Banknifty-Finnifty Option Expiry

FLAT to NEGATIVE  MARKET

 

Today’s Market Prediction:

  • Indian stock market Would open gap down Negative
  • Technically, Indian stock matket is Still in positive zone
  • Nifty index formed a strong bullish candle.
  • India VIX fell by 6.41 percent at 23.61 level
  • Oil gains as U.S. fuel stocks drop
  • Bitcoin rises 5% to $50,942.58
  • NSE, SIDBI sign MoU to explore feasibility of debt capital platform for MSMEs
  • Spectrum auction ends with bids worth Rs 77,815 crore, Jio becomes biggest buyer
  • Specialty chemicals firm Anupam Rasayan gets Sebi nod for Rs 760-crore IPO
  • Castrol India: The CFO and Wholetime Director of the company will join a call on March 18 with Phillip Capital (India).
  • Techno Electric & Engineering Company: SBI MF reduced stake in the company to 6.13% from 7.12% via open market sale.
  • Bajaj Electricals: The company and Mahindra Logistics signed an agreement for innovative logistics optimisation and outsourcing arrangement.
  • VST Tillers Tractors: The company will invest $1.5 million in Zimeno Inc.

Stocks in NEWS

  • Indian Bank: CRISIL revised bank's Tier 1, Tier 2 and Infrastructure Bonds' ratings to 'stable' from 'negative'.

  • IRCON International: The government to sell 6% additional stake via offer for sale on March 4. The company bagged letter of award worth Rs 187.80 crore from Railway Ministry.

  • Union Bank of India: ICRA assigned AA+(HYB)/Negative as credit rating to the bank's proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore.

  • IRCTC: The company will operate trips through Golden Chariot from March 14.

  • Welspun Specialty Solutions: The meeting of the board of directors of the company is scheduled on March 20 to consider variation of rights of cumulative redeemable preference shares of the company.

  • Maruti Suzuki: The company's officials will participate in the investor (virtual) meetings on March 5, March 8 and March 9.

  • Cummins India: The company's officials will meet B&K Securities, Goldman Sachs, Kotak Securities and ICICI Prudential Mutual Fund via conference call on March 4.

  • Hindustan Copper: The company's officials will meet institutional investors on March 4 through video conferencing.

  • Eicher Motors: The company's officials will meet Ashmore Investment Management on March 4.

  • Mold-Tek Packaging: The meeting of board of directors of the company will be held on March 8 to consider the declaration of interim dividend for the financial year 2020-21.

Market lndication:

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY: FLAT to NEGATIVE

BULK Deals: Nil

Stocks In F&O Ban Period: Indiabulls Housing Finance and SAIL  

Results Today: Nil

SGX NIFTY (Negative)

15038.00     -257    -1.68%

 

FII-DII:  FIIs were net buyers of Rs.2088.7 crores whereas DIIs were net sellers of Rs.392.91 crores in cash market for last trading session.

NIFTY (15245): The support for the Nifty is: 15069-14894-14800 and the resistance to the up move is at: 15347-15448-15530 levels.

BANKNIFTY (36368): The support for BankNifty is: 35807-35246-34685 and the resistance to the up move is at 36691-37015-37340 levels.

 


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