Market today: FIIs exiting Indian market as Chinese stocks fall

Kochi: The Nifty 50 index fell by 513.95 points in the next two sessions as Adani shares were rocked by the Hindenburg storm last Wednesday; Sensex was down 1,647.85 points.

Adani Transmission and Adani Green Energy fell 20.00 percent each, Adani Enterprises 18.52 percent, Adani Ports 16.29 percent, Adani Total Gas 5.59 percent and Adani Wilmar and Adani Power 5 percent each on the NSE triggered by the shock. Recently acquired cement companies Ambuja Cements fell 17.33 percent and ACC 13.20 percent while NDTV fell 4.99 percent. That means Adani Group has lost around Rs 4 lakh crore in two days. Adani yesterday said Hindenburg had raised allegations based on fictitious facts.

On Friday, the Sensex closed down 874.16 points at 59,330.90 and the Nifty closed down 287.60 points at 17,604.35. Bank Nifty, on the other hand, lost 1301.35 points.

Foreign investors have withdrawn Rs 17,000 crore from the domestic market so far this month ahead of the Union Budget and the US Federal Reserve meeting. Foreigners are now paying more attention to Chinese markets due to lower stock prices.

But despite these global headwinds, mergers, acquisitions and other corporate deals in India are expected to grow 29 percent to $159 billion from 2021, according to PricewaterhouseCoopers' annual review report.

Singapore SGX Nifty is trading 57.50 points higher at 7.45 am today.

Bajaj Finserv, Bajaj Holdings and Investments, CSB Bank, Bharat Petroleum, MK Global Financial, Exide Industries, Larsen and Toubro, Mangalore Refinery and Petro, Mazagon Dock Shipbuilders, Punjab National Bank, SRF Ltd and Welspun India are releasing their quarterly results today. .

Kerala Companies

Among Kerala-based companies, all shares ended in losses, except for Jyoti Lab. Realty company Puravankara fell over 2 percent. Dhanalakshmi Bank and South Indian Bank were down over 4 percent.

F II/DII

According to NSE data, on Friday (January 27), domestic investment firms bought shares worth Rs 4,252.33 crore, while foreign investment firms sold more by Rs -5,977.86 crore.

World market

Asian markets have generally started on a positive note today. China Shanghai (34.71), Taiwan (433.39), Japan Nikkei (73.81) and Jakarta Composite (34.16) all opened higher. However, Hong Kong Hang Seng (-109.02) and South Korea Kospi (-0.88) continue to lose.

In the US on Friday, the Dow Jones gained +28.67 points, the S&P 500 gained +10.13 points and the Nasdaq gained +109.30 points.

Trade was also slightly up in Europe; London Footsea (+4.04), Frankfurt DAX (+17.18) and Paris Euronext (+1.22) finished in the green.

Stocks to watch today

Life Insurance Corp (per share price: Rs 665.95) bought 9,15,748 shares by investing Rs 300 crore in a fresh offer for sale in Adani Enterprises, despite the fall in the company's stock price following fraud allegations against Adani, according to a stock exchange filing.

For the first time, Indian Oil Corporation (price per share: Rs 81.00) has started exporting aviation gasoline, a fuel used in drones and small aircraft.

Private Sector DCB Bank (Equity Price: Rs. 81.00) profit rose 52 percent to Rs 114 crore in the December 2022 quarter.

Reliance Power's (per share: Rs 12.65) consolidated net loss for the December 2022 quarter widened to Rs 291.54 crore, the company said on Saturday.

Realty firm Macrotech Developers (share price: Rs 1011.55) aims to reduce its net debt by around 40 per cent to Rs 5,000 crore by the end of this calendar year, a top company official said.

Public sector power giant NTPC's (share price: Rs 166.30) consolidated net profit for the December quarter rose 5 percent to Rs 4,854.36 crore.

Bajaj Finance (share price: Rs 1322.00) posted highest quarterly consolidated net profit of Rs 2,973 crore in December; This is a growth of 40 percent per annum.

Patanjali Foods (per share price: Rs 1,104.20), which mainly operates in the edible oil business, reported a 15 percent increase in net profit to Rs 269.18 crore in the December quarter.

Gold 22 carat, 1 gram (Kochi) = Rs 5,310 (+Rs 0)

US Dollar = Rs 81.59 (+2 paisa).

Brent crude (per barrel) was at $87.66 (+0.22%)

Bit Coin = Rs.19,37,777

The dollar index, which measures the greenback's strength against a group of six currencies, rose +0.10 percent to 101.73.