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Nifty opened with a positive gap up today at 14481.10 on 02nd Feb 2021, Index was very bullish and gave a wonderful bull run whole day and after the budget announcement a very big bull run we can see in the chart from yesterday, nifty close at very important level 14647.85 after made a day high of 14731.70, Next Resistance for nifty is 14800.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 14281.20 14481.10 14731.70 14469.15 14647.85 +2.57%
Sensex 48600.61 49193.26 50154.48 49193.26 49797.72 +2.46%
Nifty opened with positive gap up today at 14481.10 on 02nd Feb 2021, Index was very bullish and gave a wonderful bull run whole day and after budget announcement a very big bull run we can see in chart from yesterday, nifty close at very important level 14647.85 after made a day high of 14731.70, Next Resistance for nifty is 14800.
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02nd February 2021
Union Budget 2021-2022 General First digital Budget in the history of India Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles 64,180 crores allocated for New Health Schemes 35,000 crores allocated for Covid Vaccine 7 Mega Textile Investment parks will be launched in 3 years 5.54 lakh crore provided for Capital Expenditure 1.18 lakh crore for Ministry of Roads 1.10 lakh crore allocated to Railways Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
Direct and Indirect tax Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh). National Faceless Income Tax Appellate Tribunal Centre Relaxations to NRI: Propose to notify rules for removing hardship for double taxation. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business) Propose to provide relief on advance tax liability on dividend income. Propose to include tax holidays for Aircraft leasing companies Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit) Late deposit of employee’s contribution by employer will not be allowed as deduction Incentive to startup: Tax holiday exemption for one more year Duties reduced on various textile, chemicals and other products Gold and Silver (BCD reduced) Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.
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02nd February 2021
Sectorial Performance
0.12%
2.11%
2.13%
3.23%
3.56%
4.01%
3.28%
3.79%
1.92%
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50%
NIFTYFMCG
NIFTYIT
NIFTYPHARMA
NIFTYFINSERVICE
NIFTYBANK
NIFTYAUTO
NIFTYMEDIA
NIFTYREALTY
NIFTYMETAL
SECTORS CHANGE %
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02nd February 2021
Top Trending News
BYTEDANCE SAYS DOUYIN FILES COMPLAINT WITH BEIJING COURT TO SUE TENCENT FOR MONOPOLISTIC BEHAVIOUR
LIC HOUSING FINANCE: SIDDHARTHA MOHANTY RESIGNED AS MD, CEO || Y VISWANATHA GOWD APPOINTED AS MD, CEO
NEULAND LABORATORIES: Q3 CONS NET PROFIT 267.4M RUPEES VS 111.1M (YOY) || Q3 REVENUE 2.45B RUPEES VS 2.05B (YOY)
AJANTA PHARMA: Q3 CONS NET PROFIT 1.77B RUPEES VS 1.08B (YOY); EST 1.3B || Q3 REVENUE 7.49B RUPEES VS 6.51B (YOY)
RATNAMANI METALS: Q3 CONS NET PROFIT 601.5M RUPEES VS 1.01B (YOY); EST 390M || Q3 REVENUE 4.41B RUPEES VS 7.56B (YOY)
ORIENTAL CARBON: Q3 NET PROFIT 290M RUPEES VS 164M (YOY) || Q3 REVENUE 1.17B RUPEES 902M (YOY)
HDFC: Q3 NIM AT 3.4% || 26% GROWTH IN INDIVIDUAL LOAN DISBURSEMENTS DURING THE Q3 || 16% GROWTH IN INDIVIDUAL LOANS || SPREADS AT 2.28% FOR THE NINE MONTHS ENDED DECEMBER 31
DIXON TECH: Q3 CONS NET PROFIT 616M RUPEES VS 263M (YOY);EST 450M || Q3 REVENUE 21.83B RUPEES BS 9.94B (YOY)
JAPAN'S GOVERNMENT OFFICIALLLY EXTENDS CORONAVIRUS STATE OF EMERGENCY UNTIL MARCH
KILPEST: CO SAYS THEY HAVE SOLD 50 LAKH COVID 19 RT PCR TEST IN JAN AT AN AVG PRICE OF 95 RUPEES PER TEST
02nd February 2021
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Stocks in Action
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15.16%
7.86% 7.70% 7.21% 6.86%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
TATAMOTORS SIEMENS SHREECEM SBIN PEL
TOP GAINERS
2.95%2.57% 2.53%
1.55% 1.51%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
ICICIPRULI HDFCLIFE BAJAJFINSV PGHH TATACONSUM
TOP LOSERS
02nd February 2021
Corporate Actions
Sundaram Finance Limited (Interim Dividend Rs 10 Per Share 2nd Feb)
Sagar Cements Limited (Interim Dividend Rs 2 Per Share 2nd Feb)
Kajaria Ceramics Limited (Interim Dividend Rs 10 Per Share 2nd Feb)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 01 Feb 2021 6603.46 cr 6693.92 cr -90.46 cr FII/FPI 01 Feb 2021 10168.32 cr 8674.09 cr 1494.23 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
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02nd February 2021
Top Picks for Tomorrow
Radico Khaitan Ltd. Sector: Breweries & Distilleries.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH ROE ROCE 6946.89 CR. 29.5 17.63 15.74% 2.42% 16.05% 17.05%
FUNDAMENTALS
The company has shown a good profit growth of 41.64% for the Past 3 years.
Company has a healthy Interest coverage ratio of 9.55.
The company has an efficient Cash Conversion Cycle of -5.68 days.
Stock Entry price Positional
target
RADICO
520
600
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02nd February 2021
Adani Total Gas Ltd. Sector: Trading.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 44047.39 CR 105.24 3.81 9.05 % 21.91 % 403.02 CR 89.47 CR
FUNDAMENTALS.
The company has shown a good profit growth of 62.75% for the Past 3 years.
The company has shown a good revenue growth of 19.92% for the Past 3 years.
Company has been maintaining healthy ROE of 24.66% over the past 3 years.
Company has been maintaining healthy ROCE of 26.90% over the past 3 years.
Company has a healthy Interest coverage ratio of 14.33
Stock Entry price Positional target
ATGL 391 450
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02nd February 2021
Disclaimer
This document has been prepared for IMPERIAL FINSOL PVT. LTD . by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Finsol Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Finsol Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
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02nd February 2021
