Budget Updates The Interim Budget will be presented at 11 am. Stay tuned to our special live blog on all the action from the Budget.
BoI, OBC, Bank of Maharashtra rally 4-14%: Bank Of India and Oriental Bank of Commerce rallied 4 percent each, and Bank of Maharashtra gained 14 percent in morning on Friday after the Reserve Bank of India removed these state-owned banks from its weak-bank watch list, a move that will lift lending restrictions on them.
Market Opens: It is firm opening for the benchmark indices ahead of Budget announcement with Nifty holding above 10,850 level.
The Sensex is up 83.63 points or 0.23% at 36340.32, and the Nifty up 29.30 points or 0.27% at 10860.30. About 458 shares have advanced, 275 shares declined, and 34 shares are unchanged.
Dabur, Bharti Airtel, UPL are trading higher, while Vedanta tumbled 14 percent.
Banking stocks including Bank of India, OBC, Bank of Maharashtra gained 4-14% after RBI lift the lending curbs.
Piyush Goyal, the interim finance minister, is going to present the interim budget for 2019-20 in parliament today.
Rupee Opens: The Indian rupee opened higher at 71 per dollar on Friday against previous close 71.08.
Market at pre-open: Benchmark indices are trading firm in the pre-opening session with Nifty around 10,850 level.
The Sensex is up 50.69 points at 36307.38, while Nifty is up 36.90 points at 10867.90.
Vedanta plunges 6%, while UPL, M&M, SBI, Escorts are trading higher in pre-opening session.
Crude Update: US oil prices edged higher on February 1, recovering from losses of nearly 1 percent in the previous session, as data showed major exporters are quickly reducing output in line with a supply cutting pact.
We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.
Visit: www.ripplesadvisory.com
Contact us @ +91-9644405056
No comments:
Post a Comment