Market Buzz Today: Sensex down 3.60 points, Nifty down 0.73%; IOC down 3.07%.
S&P BSE Sensex was down by 3.60 points, or 0.01%, at 300.742 points, or 0.73%, to 40,910.22, while the Nifty lost 15.15%, or 0.13%, to trade at 12,020.65. Meanwhile, Bank Nifty was running in a positive direction with a gain of 286.65 points, or 0.93%, at 30,933.05.
The market barometers were trading in the negative zone at 1:49 pm. S&P BSE Sensex was down by 3.60 points, or 0.01%, at 300.742 points, or 0.73%, to 40,910.22, while the Nifty lost 15.15%, or 0.13%, to trade at 12,020.65. Meanwhile, Bank Nifty was running in a positive direction with a gain of 286.65 points, or 0.93%, at 30,933.05. Here is the list of some stocks:
MCX India: Down 1.11%. Morgan Stanley maintained an overweight rating with a target at Rs 1,600 per share. According to the research firm, the correction offers a good entry opportunity.
Jubilant FoodWorks: Up 3.04%. Remained on the upward trajectory after results to hit their fresh 52-week high.
IOC: Down 3.07%. Approves expansion of Barauni at an estimated cost of Rs 13,779 crore. The company posted a 315 per cent jump in its third-quarter standalone net profit at Rs 2,339 crore.
BHEL: Down 2.95%. Signs MoU with EESL to explore opportunities and develop the network of Public Charging Infrastructure for electric mobility on various highways and across cities pan India.
NTPC: Down 0.31%. Begins commercial production in Unit-1 of 660 MW of Khargone Super Thermal Power Station. Commercial capacity NTPC and NTPC group will become 48645 MW and 57106 MW respectively.
Dabur India: Up 4.52%. Posted in-line numbers for the quarter ended December 2019 with consolidated net profit rising 8.9 per cent.
Wipro: Down 1.58%. The share price declined 2 per cent on January 31 after (CEO) and managing director (MD) Abidali Neemuchwala of the company resigned.
Kotak Mahindra Bank: Up 3.90%. Reserve Bank of India (RBI) accepted promoters' voting rights to be capped at 20 per cent till March.
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Adani Green: Up 5% in a weak market.
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