CLOSE X

Market Analysis Today

Stock Market Updates

Feb 02 2024

Market Update   – Friday, February 2nd 2024**

GLOBAL MARKET UPDATE:
GIFT Nifty (+178, 21917)
Dow Future (+9, 38529)

Nikkei (+396, 36351)
Hang Seng (+231, 15798)

Dow Jones (+370, 38520)
Nasdaq (+198, 15362)
Bovespa (+729, 128481)

Stock in Action (Stock To Buy )

🔸 TVS Motor 
 
The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at 1.55 lakh units, up 29% YoY. The company`s EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% YoY 

🔸 Hero MotoCorp 
 
The company reported total sales at 4.33 lakh units, up 22% YoY and exports at 12,664 units, up 75% YoY for January. The company`s motorcycle sales stood at 4.02 lakh units, up 21% YoY 
 
🔸 NMDC 
 
The company reported sales at 4.56 MT up 19% YoY and production at 4.54 MT up 8.1% YoY for January 


Stocks in Action ( Stock for Intraday trade Today)


🔸 Dixon Technologies 
 
Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect 
 
🔸 Sheela Foam Ltd 
 
The Company has completed the sale of a piece of land and building situated at Gautam buddha Nagar Rs. 22 Crores  
 
🔸 Bajaj Electronic 
 
Electronics Mart India Limited has commenced the commercial operation of two new Multi Brand Stores under the brand name ‘BAJAJ ELECTRONICS’ on 1st February 2024 
 
🔸 Tata Consumer 
 
The Board of Directors of the Company, to acquire 100% of the issued equity share capital of Capital Foods Private Limited in a phased manner 
 
🔸 Bata 
 
The Board of Directors of the company accorded its in‐principle approval for monetizing the Company`s freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad 

Stock To Watch (Stock of the Day)

🔸Firstsource Solution 
 
The company Debuts on Dow Jones Sustainability Index with a 96th  Percentile Rating  
 
🔸 MGL  
 
The Company has acquired 100% equity shares of Unison Enviro Private Limited (UEPL) through purchase of shares from its existing shareholders at a cash consideration of Rs. 562.09 Crore Accordingly, UEPL has become Wholly-Owned Subsidiary of the Company  
 
🔸 FSN E-Commerce Ventures 
 
The company will invest $2.5 million into Nysaa Beauty LLC for operational support

Result Today

BANKINDIA
CENTURYTEX
DELHIVERY
DEVYANI
DHAMPURSUG
DHANBANK
ENGINERSIN
GAEL
INDIGO
JUBLPHARMA
LICHSGFIN
MEDPLUS
METROPOLIS
TATAMOTORS
TATAMTRDVR
TITAGARH
UJJIVAN
UPL

Securities in Ban For Trade Date 02-FEB-2024:  
1 INDIACEM
2 INDUSTOWER
3 SAIL
4 ZEEL

Market View 
Wall Street zooms higher in Thursday’s trade, as investors shrug off Powell`s indication that a March Federal Reserve cut is unlikely. 

Gift Nifty is seen running out the gate* after Meta surged 15% after reporting strong quarterly results, announcing its first ever quarterly dividend and authorizing a $50 billion share buyback program. Amazon also rallied 7% on better-than-expected earnings and revenue, while Apple tumbled 3% after reporting a decline in China sales.

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# At Thursday’s close, the Dow was up 370 points, or 1%. The S&P 500 was up 1.3%. The tech-heavy Nasdaq Composite gained 1.3%.

# All three indexes had closed with losses on Wednesday following the Federal Reserve`s monetary policy meeting. Wall Street is now betting on a 38.5 % chance of a rate cut in March.

# Apple, Amazon, and Meta Platforms were to report earnings after the market close. *Meta stunned Wall Street on 1st ever dividend.*
Their quarterly reports will offer insight into the health of small businesses, consumers that use their services, and their strides on artificial intelligence.


get in touchCall : 0755-4311111
REGISTERED OFFICE

Nirman Share Brokers Pvt. Ltd.
“NIRMAN HOUSE” 8, Zone - 1, M. P. Nagar, Bhopal - 462011.
CIN NO.- U67120MP2001PTC14523
GST NO. - 23AABCN3007C1ZB

Dear Investor,
As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.
https://www.bseipf.com/investors_education.html
We believe that an educated investor is a protected investor !!!

KYC

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

IPO

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

ATTENTION INVESTORS

1.Stock broker/Depository participant can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3.Pay 20% upfront margin of the transaction value to trade in cash market segment.

4.Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5.Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

6.All the clients are requested not to blindly follow these unfounded rumours, tips etc. and invest after conducting appropriate analysis of respective companies. Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock broker/Depository participant. Receive information of your transactions directly from Exchange/Depository on your mobile/email at the end of the day

.......... Issued in the interest of Investors

Nirman Share Brokers Pvt. Ltd. : SEBI Registration No.INZ000197638-BSE Cash/F&O/CD (Member ID:956),
MCX (Member ID 45395)
NSE Cash/F&O/CD (Member ID:12309)
CDSL (DP ID 12059500): IN-DP-CDSL-494-2008

COMPLIANCE OFFICER: Mr.Tushar Suryavanshi
E-mail : tushar.s@nirmanbroking.com
Tel : 0755-4311111

© 2020 Nirman Share Brokers Pvt. Ltd. All Rights Reserved
Designed & Developed by Accord Fintech Pvt. Ltd.