Indian indices started the week positively on Monday as Sensex zoomed 700 points, or 1.2%, to over 57,900 at open, while Nifty jumped above 17,250 points, or 1.02% higher. This week, investors will be closely looking at the Economic Survey and the Union Budget, among other domestic and global cues, to be presented by Finance Minister Nirmala Sitharaman on Monday and Tuesday respectively.
UPL Q3 net profit rises 18%
UPL Ltd today reported a net profit of ₹937 crore for the December quarter, up 18% from a year ago. It was ₹793 crore in the same quarter last year.
The company’s revenue witnessed a growth of 24% to ₹11,297 crore, led by healthy growth in volumes and better product realizations.
BSE Sensex up 1.82%; TechM leads with 4.71%
UPL rises 1% after Q3 results
Aditya Birla Sun Life Mutual Fund launches Nifty Next 50 Index Fund
Aditya Birla Sun Life AMC Ltd has announced the launch of Aditya Birla Sun Life Nifty Next 50 Index Fund, an open-ended scheme that will track the Nifty Next 50 Index. The new fund offer (NFO) opened for subscription on Monday and will close on 14 February.
As per the asset management company, the objective of the scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index.
Priority to Make in India in defence contracts, 209 items used by armed forces will not be imported: President Kovind
Relentless efforts by govt led to India emerging as one of the fastest growing economies in the world: President Kovind
India got $ 48 bn in FDI in first seven months of this fiscal: President Kovind
India is running world’s largest food distribution program: President Kovind
To ensure that no one returns home hungry, my govt distributes free ration to the poor every month as part of PM Gareeb Kalyan Yojana. Today India is running world’s largest food distribution program; it has been extended till March 2022: President Ram Nath Kovind
India’s agriculture exports have crossed ₹three lakh crore, says President Kovind in Budget Session of Parliament
More than 11 crore farmer families received ₹1.80 lakh crore through PM-KISAN; big changes seen in farm sector: President Kovind
BSE PSU index up 1.66%; Canara Bank leads with 4.29%
Jubilant FoodWorks up 5.3%
Info Edge gains 6.65%
₹64,000 cr PM Ayushman Bharat Health Infrastructure Mission will prepare country for health crisis in future: President Kovind
BSE IT Index up 2.74%
Top Sensex gainers: IT firms lead
TechM (4,65%), Wipro (3.43%), Dr Reddy (3.28%), Infosys (3.15%), HCL Tech (2.75%)
We have administered 150 crore doses of covid vaccines in record time: President Kovind in address to joint sitting of Parliament
More than 70% beneficiaries have been administered second dose of covid vaccine: President Kovind
Thankful to our healthcare and frontline workers: President Kovind
Many lives lost due to COVID. Even in such circumstances our Centre, States, doctors, nurses, scientists, our healthcare workers worked as a team…I am thankful to our health care and frontline workers: President Ram Nath Kovind pic.twitter.com/aYrU7gXhus
— ANI (@ANI) January 31, 2022
Rupee gains 15 paise to 74.92 against US dollar in early trade
The rupee appreciated 15 paise to 74.92 against the US dollar in opening trade on Monday, supported by the recovery in domestic equities.
However, the surge in the rupee was restricted amid elevated crude oil prices and firm American currency.
Meanwhile, Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22, later in the day.
At the interbank foreign exchange, the rupee opened at 74.97 against the American dollar, then inched higher to quote 74.92, registering a rise of 15 paise from the last close.
In the previous session, the rupee had settled at 75.07 against the greenback.
PM Modi on Budget Session
I request all MPs, elections keep happening but Budget Session is very important, we need to make it fruitful: PM Modi
IndusInd Bank falls 3.5%
Prez Kovind’s cavalcade arrives at the Parliament ahead of Budget session
Eco Survey to be tabled in Lok Sabha at 12:45 PM: Report
With the Budget Session of Parliament commencing on Monday, the government is all set to lay Economic Survey 2021-22 along with Statistical Appendix in both Houses.
Economic Survey 2021-22 and the Statistical Appendix will be laid on the table of the Lok Sabha at around 12.45 pm by Union Finance Minister Nirmala Sitharaman
While it will be tabled in Upper House a few minutes after the House assembles at 2.30 pm.
Sitharaman will lay a copy of the Economic Survey, 2021-22 along with Statistical Appendix both in English and Hindi, mentioned the list of business of Rajya Sabha.
Reliance Industries up 2%
Tech Mahindra gains 4.24%
Top Nifty50 losers
Top Nifty50 performers
Most active Nifty50 shares
Opposition will raise the Pegasus issue in the Parliament
We’d been saying from beginning,Monsoon Session was affected due to this.Ruling party had said that Oppn isn’t allowing Parliament to function.But truth has come out. We’ll raise this issue,Oppn has to agree on how to take it forward: Mallikarjun Kharge on Pegasus#BudgetSession pic.twitter.com/V9ZkSVWB7v
— ANI (@ANI) January 31, 2022
Budget session begins today
PM Modi addresses media ahead of Budget session. Finance minister Nirmala Sitharaman will table the Economic Survey today and the Union Budget tomorrow.
Important to provide support to MSMEs; expecting higher MGNREGA outlay: Subhrakant Panda, Senior VP FICCI
We’re expecting a higher MGNREGA outlay & a similar scheme for urban poor. It is very important to provide support to MSMEs, which have been affected by pandemic & are clearly the job-creating machine of economy: Subhrakant Panda, Senior VP FICCI on expectations from Union Budget pic.twitter.com/7UvFIkyt0g
— ANI (@ANI) January 31, 2022
Top Sensex losers
Read More:Sensex zooms 1,000 points, Nifty nears 17,400; Economic Survey eyed
2022-01-31 06:43:46