Market News: On the first day of the February series, there are good signs for the market. A slight rise is being seen in Gift Nifty. FIIs have sold Rs 3000 crore in cash. But DIIs have purchased almost three times. There is pressure in Asia, whereas yesterday in America Dow Jones closed with a fall of 400 points. But the S&P seemed to be reaching a new peak. Nasdaq also had a rise of about one percent. Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.
US market
On Tuesday, the Dow Jones Industrial Average fell 408.99 points, or 0.83%, to 49,003.41, the S&P 500 rose 28.37 points, or 0.41%, to 6,978.60 and the Nasdaq Composite added 215.74 points, or 0.91%, to 23,817.10.
3% rise in crude, gold at new peak
There has been a 3% jump in crude oil prices due to the impact of the snow storm in America on production. Its price has crossed 67 dollars. On the other hand, the shine of gold and silver has increased due to the dollar index reaching its lowest level in 4 years. Gold has reached a new peak near $5200. The momentum in silver also continues.
Marico’s Q3 results as per estimates
Marico’s results in the third quarter were as per expectations. The company has seen an increase of 13 percent in profit and 27 percent increase in income. But there has been pressure on margins of about two and a half percent. Volume growth in the Indian market has been 8%. According to the management, there are signs of recovery in consumption trends.
Vodafone’s loss reduced in Q3
Vodafone Idea has suffered less loss as compared to the previous quarter. The company has suffered a loss of Rs 5,286 crore in Q3. Kanso losses also include one-time income of Rs 1078 crore. There has been an increase of one percent in revenue. ARPU has increased by more than 7 percent to Rs 186.
Results of 4 Nifty companies today
Today is a big day in terms of results. Today the results of 4 Nifty companies L&T, MARUTI, BEL and SBI LIFE will come. L&T’s profit may increase by 31%. Margins may also show improvement. At the same time, the results of 5 futures companies including TVS Motor, SBI Card will also be awaited.
fund flow action
On January 27, foreign institutional investors (FIIs) were net sellers in the equity market, selling shares worth over Rs 3,000 crore, while domestic institutional investors (DIIs) provided strong support by buying shares worth about Rs 9,000 crore.