-SGX Nifty indicating a marginally positive opening ahead of weekly Bank Nifty expiry. Nifty finds support around 10790, while 10930 will act as resistance on the upside. Bank Nifty finds support around 27050, while 27500 will act as resistance on the upside.
-In yesterday's trading session, FIIs sold 775cr in the cash market, 314cr in Index Futures. In the Stock futures segment, FIIs sold 166cr worth of stock futures and sold 263 crores stock options.
-Rupee appreciates 11 paise to 71.33/$. This is on the back of weakness the US dollar amid increased selling of the American currency by exporters and banks.
-US shares trade up on strong earnings; Asian mixed. Asian indices opened to muted trade as volatility rises after a superb start to the New Year as investors turn cautious. US indices swing to the Chinese outlook, while earnings surprise on the upside, which sees huge intraday swings in the US markets.
-Piyush Goyal named interim Finance Minister due to Arun Jaitley’s indisposition. Read more
-Vodafone Idea's board approved fundraising up to Rs25,000cr via rights issue. Read more
-Reliance Communication says it won’t pay Rs375cr to NCD holders due on February 7.
-Result Preview: ITC
(PAT up 13.8% yoy, in-line with estimates), Bharti Infratel
(PAT up 10.8% yoy, beats estimates), United Spirits
(PAT up 42.8% yoy, misses estimates), Pidilite Industries
(PAT down 8.2% yoy, misses estimates).
-Results today: Yes Bank, UltraTech Cement
(PAT down 11.3% yoy), Colgate Palmolive (India), Zee Media Corporation, Pfizer, Jindal Saw.