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Tuesday
March 2021
4:07 AM IST
News Headlines
CM flays Rahul''s silence over Cong govt falling in party-ruled states        Kerala has become ''fundamentalists'' own country'' under CPI(M) rule, says Sitharaman        COVID-19 crisis far from over; 3rd wave to be more dangerous: CSIR official        Army cancels recruitment exam after paper leaked        Rahul dubs PM Modi a ''formidable enemy,'' vows to defeat him        ISRO launches DRDO''s satellite Sindhu Netra        On National Science Day, Modi asks citizens to practise Lab to Land mantra        UN Human Rights Office says 18 killed in Myanmar crackdown        FDA authorizes Johnson & Johnson vaccine against Covid-19 for emergency use        ISL: Straight shootout for final playoff berth between Goa and Hyderabad        Comments against judges a disturbing new trend: Ravi Shankar Prasad        Syria airstrikes: President Biden protected US personnel, facilities, says White House        DGCA extends suspension of scheduled international passenger flights till February 28        Rahul launches tirade against Modi, talks about ''connect'' with Tamil Nadu        Fishing hartal hits coastal belt in Kerala        Five assembly polls to begin Mar 27, Bengal to have max 8 phases; counting on May 2        Vijayan claims Rahul shying away from attacking BJP        Kerala to test all returning expats using RT-PCR; 3,671 fresh COVID-19 cases, 14 deaths reported        Gelatin sticks, detonators seized from train passenger in Kerala        Hundreds of Nigerian schoolgirls taken in mass abduction        
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Business News
Markets may remain volatile in holiday-shortened week: Analysts
 
New Delhi, Jan 24 (PTI) Markets may remain volatile in this holiday-shortened week amid monthly derivatives expiry, quarterly earnings and the upcoming Union Budget, analysts said.

Equity markets would remain closed on Tuesday for the Republic Day holiday.

"Going ahead, markets may continue to remain highly volatile ahead of monthly expiry and Union Budget 2021. The ongoing earnings season which kicked off on a strong note would further add to the volatility. The Fed monetary policy is also due this week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

The BSE Sensex scaled the 50,000-mark for the first time on Thursday. However, widespread profit booking and weak global cues hit markets and the Sensex tanked 1.5 per cent or 746 points on Friday while NSE Nifty dropped below 14,400 level.

"[email protected] is great news not only for the market and investors but for the economy also. Markets are barometers of the economy with a potential to discount the future. If this is true, the Indian economy is on a strong recovery path.

"If the recovery in growth and corporate earnings, currently underway in India, gathers momentum, the markets may further surprise on the upside. But it is important to appreciate that the market is overvalued from the short- term perspective. At high levels, the market is vulnerable to a correction," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services had said.

Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.

"Going ahead, the key trigger would certainly revolve around high hopes from the Union Budget. Quarterly results would propel volatility in bourses," Nirali Shah, Senior Research Analyst, Samco Securities said.

According to Ajit Mishra, VP - Research, Religare Broking Ltd, "Markets will first react to Reliance numbers in early trade on Monday."

Reliance Industries Ltd on Friday reported a better-than-expected 12 per cent rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio.

"The decisions taken in the upcoming Union Budget along with the policies of the new US Government are expected to define momentum in the near term," Vinod Nair, Head of Research at Geojit Financial Services said.

Last week, the 30-share BSE benchmark dipped 156.13 points or 0.31 per cent.

"We can expect volatility to remain high this week also as there will be the monthly expiry and it will be the last week before the Union Budget," according to Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities.


Comments against judges a disturbing new trend: Ravi Shankar Prasad
FM urges industry to unleash animal spirits; make India fastest growing economy
flydubai prepares for Boeing 737 MAX aircraft to rejoin its fleet
Bajaj Finance down 2.43 pc to Rs 5365.45
Bank, financial stocks power Sensex past 52k; Nifty tops 15,300
India's exports up 6.16 pc in Jan
M-cap of seven of top-10 most valuable firms jump over Rs 1.40 lakh cr
Petrol crosses Rs 99/litre in Rajasthan, diesel at Rs 91 as prices rise for 6th day
Petrol nears Rs 95 in Mumbai as rate hiked for fifth day in a row
Hero Electric creates new logistics arrangement for customers in eastern, north-eastern India
TCS to recruit 1,500 tech staff in UK
E-commerce grows by 36 per cent in last quarter in India: Report
Rupee rises 8 paise to 72.89 against US dollar in early trade
Sensex jumps over 200 pts; Nifty nears 15,200
JK Cement shares gain over 5 pc after Q3 earnings
Sensex rallies over 600 pts to hit record high; Nifty tops 15,100
Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21
Economic growth will only move upwards: Shaktikanta Das
Gold declines for fourth consecutive trade; tumbles Rs 322
Coal India signs Rs 2,900 cr pact for procurement of dumpers
KERALA NEWS
Kerala has become ''fundamentalists'' own country'' under CPI(M) rule, says Sitharaman
 Tripunithura(Ker): Union Finance Minister Nirmala Sitharaman on Sunday attacked the Kerala''s CPI(M)  
COVID-19 crisis far from over; 3rd wave to be more dangerous: CSIR official
Fishing hartal hits coastal belt in Kerala
Vijayan claims Rahul shying away from attacking BJP
INTERNATIONAL NEWS
UN Human Rights Office says 18 killed in Myanmar crackdown
 Yangon: Security forces in Myanmar opened fire and made mass arrests Sunday as they sought to break
FDA authorizes Johnson & Johnson vaccine against Covid-19 for emergency use
Syria airstrikes: President Biden protected US personnel, facilities, says White House
Hundreds of Nigerian schoolgirls taken in mass abduction
NATIONAL NEWS
Army cancels recruitment exam after paper leaked
 New Delhi: The Army has cancelled an examination for pan-India recruitment of general duty personnel
Rahul dubs PM Modi a ''formidable enemy,'' vows to defeat him
ISRO launches DRDO''s satellite Sindhu Netra
On National Science Day, Modi asks citizens to practise Lab to Land mantra
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