Finance Minister Nirmala Sitharaman on Saturday proposed to set up Kisan Rail in public-private-partnership (PPP) mode for cold supply chain to transport perishable goods.
SKF India, Abbott India, Britannia Industries, and Castrol India, from the Nifty MNC index were up in the range of 3 per cent to 5 per cent on the NSE.
Hong Kong went into the break 0.09 percent, or 23.78 points, up at 26,336.41 on bargain-buying after being battered last week
The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.
Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.
Here's a look at the top stocks that may remain in focus today
As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21
As per weekly option data, a handful of call writing on higher strikes ranging from 11,800 to 12,200 is observed which shows Nifty is witnessing strong resistance in the sub-11,800 zones.
On the corporate earnings front, Bharti Airtel, Lupin, Sun Pharma, and Mahindra & Mahindra are among the major companies scheduled to declare their October-December results this week
China Securities Regulatory Commission (CSRC) has issued a verbal directive to brokerages to bar their clients from selling borrowed stocks on February 3
The bias remains corrective and cautious. However, it is also time to cherry-pick good stocks like SBI, Maruti, Tata Steel, FMCG, etc to accumulate.
The other factor which aided gains in IT stocks was the "defensive" nature of the sector.
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
With the exception of IT, every sectorial index at the NSE is in a downturn
However, on Saturday, the stock markets did not react positively, contrary to the government's expectation
There were no big-bang measures for foreign portfolio investors (FPIs) in the Budget
The bank is expected to come out of the Reserve Bank of India's prompt corrective action (PCA) framework by March 2020
'The disappointment is on the lack of bold, out of the box measures to tackle the current economic slowdown'
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation
Bond ETF was a part of government's effort to deepen bond market