Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

8:29 AM

F&O Strategy :: Nandish Shah suggests Bull Spread strategy on IGL

Rationale:

 

>> We have seen long build up in the IGL Futures during the February series till now, where we have seen 10 per cent addition in Open Interest with price rising by 5 per cent.
 

>> The stock price has broken out on the daily chart on 08-Feb with higher volumes. READ MORE

8:26 AM

From FT :: MSCI has cut the free-float designations of four Adani group securities

>> MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said.

>> The remaining companies' free floats remain the same.

8:24 AM

MSCI review :: Stocks of Adani Group remain in indices

The review has directed market attention back to a key allegation by Hindenburg Research: that offshore shell companies and funds tied to the Adani Group comprise many of the largest “public,” or non-insider, holders of Adani shares. READ MORE

8:21 AM

ALERT :: China January consumer prices up 2.1% YoY

>> Consumer inflation meets estimate

>> Producer prices down 0.8% YoY vs estimate of 0.5% fall

8:20 AM

Fund Flow :: DIIs surprise with sell-off of Rs 205.25 crore worth of equities on Thursday

8:18 AM

Fund Flow :: FII selling mellows down with equities worth Rs 144.73 crore bring sold on Thursday

8:16 AM

Currency check :: Rupee settles weaker on Thursday

8:15 AM

Commodity check :: Brent crude eases mildly, still above $80/bbl

8:13 AM

SGX Nifty down over 90 pts, hints weak start for Dalal Street

8:10 AM

Asia-Pacific markets mixed ahead of Chinese inflation data

8:06 AM

US markets slip on Thursday as treasury yields surge

7:58 AM

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