Stock market updates on February 05. (Representative picture)
Stock Market Updates: Last week, the BSE benchmark jumped 1,384.96 factors or 1.95 per cent, and the Nifty climbed 501.2 factors or 2.34 per cent.
Stock Market Updates: On February 5, Sensex climbed 193.43 factors to 72,279.06 in early commerce. Nifty went up 51.15 factors to 21,904.95.
There are expectations for a decrease opening within the benchmark Sensex and Nifty indices, influenced by the unfavorable indications from the GIFT Nifty tendencies, pointing in direction of a 31-level decline within the broader index.
Also Read: Stocks To Watch On February 5: SBI, Zee, Paytm, Tata Motors, InterGlobe Aviation & Others
Although the market witnessed substantial beneficial properties on February 2, marked by the Nifty reaching a document excessive of twenty-two,126.80 and the Sensex surging by over 1,400 factors, the benchmarks relinquished a few of these beneficial properties to conclude beneath the day’s peak.
Last week, the BSE benchmark jumped 1,384.96 factors or 1.95 per cent, and the Nifty climbed 501.2 factors or 2.34 per cent.
On Friday, the Nifty reached its lifetime peak of twenty-two,126.80.
This Week’s Trends
The market focus shall be on the continued Q3 FY24 earnings season, with many corporations saying their leads to the approaching days corresponding to Ashok Leyland, Bharti Airtel, Apollo Tyres, Nestle, Grasim, LIC, stated Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
Stock markets shall be pushed by quarterly earnings by index majors, international tendencies and the RBI’s rate of interest resolution this week after digesting information on price range proposals and US Federal coverage final result, say analysts.
(With PTI inputs)
