Sensex, Nifty Moving Sideways - Monday Closing Report
Moneylife Digital Team 06 February 2023
On Monday, Sensex fell 334.98 points and Nifty ended below 17,800 points. On the Bombay Stock Exchange (BSE), 1900 stocks advanced, 1695 declined and 198 remained unchanged with advance decline ratio of 1.12, indicating a positive closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below:
 
 
On NSE, 31 securities advanced and closed at new 52 week high whereas 92 securities sank to close at their new 52-week lows.  
 
In sectoral indices, Nifty Media, Nifty FMCG and Nifty Infrastructure were among the biggest gainers. Nifty Energy and Nifty Metal were among the biggest losers. 
 
Indian rupee closed at 82.73/$ against previous close of 81.83/$.
 
Government will oppose Vedanta (-2.56%) subsidiary Hind Zinc buyout of Vedanta’s Global Zinc Assets. Vedanta's decision against minority shareholder rights and violates corporate governance norms.
 
Reliance Industries (-0.75%) and Ashok Leyland (-0.62%) have unveiled hydrogen internal combustion engine powered truck at India Energy Week 2023.
 
UP's power utility has cancelled Adani Group’s Rs5400 crore bid to supply smart meters.
 
Centre has hiked windfall tax on locally produced crude oil, ATF and diesel for exports.
 
Kotak Realty Fund invests over Rs1,100 crore in Bharat Hotels.
 
PM Modi will inaugurate Hindustan Aeronautics (+2.59%) chopper manufacturing unit in Tumakuru, Karnataka.
 
Tata Motors (-0.77%) has aimed to operationalise Ford's Sanand plant in 12-18 months.
 
Action Construction Equipment (+2.84%) has unveiled India's First Electric Mobile Crane and expands product range with new launches at Bauma Conexpo 2023.
 
Coforge (+0.21%) partners with transcard to automate their disbursements & collections.
 
Engineers India (-6.46%) has received an EPCM services contract for setting up gas based greenfield 4,000 TPD urea and 2300 TPD ammonia complex. It has also received orders from ADNOC Offshore, Abu Dhabi, UAE for minor engineering works for offshore facilities and a feasibility study for crude storage tanks at terminal facilities.
 
The government will convert Vodafone Idea’s (+20.44%) AGR dues into equity. Vodafone Idea has been directed to issue 16.13 million equity shares of face value Rs10 each at an issue price of Rs10 each.
 
RBI fined Bank of Baroda (+2.63%) Rs30 lakh over violation of norms related to deposit interest rates and KYC.
 
Geojit financial services (+0.34%) promoters sold net 55,983 shares through open market. Heranba Industries promoters bought net 12,000 shares through open market. Som Distilleries and Breweries Promoters bought net 20,000 shares through open market. SVP global textiles promoters sold net 7,24,046 shares through open market. Thirumalai Chemicals promoters bought net 13,000 shares through open market.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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