Market overview: Gift Nifty is doing flat business. This is indicating the dull start of the day. Wall Street shares were mixed on Friday. Nvidia was accelerated. At the same time, Microsoft declined. The US Treasury Yield has declined. US President Donald Trump disclosed the receiprockal tariff schemes, but stopped the implementation of new tariff schemes which gave some relief to the market
Stay with Moneycontrol to know what is happening in currency and equity markets today. Here we are releasing a list of such important news on all the news platforms that can affect Indian and international markets.
Weak signs for Indian markets
Indications are not good for Indian markets. On Friday too, FIIS cash was sold for more than 4000 crores. Gift Nifty has lethargy. Asia is also soft. The American markets were mixed on Friday. The American markets will remain closed today due to President’s Day.
Glenmark pharma, GSK Pharma income increased by 18%
The results of Glenmark Pharma have been good in the third quarter. The company has come into profit of 348 crores from a loss of 3.5 hundred crores rupees. Revenue has also witnessed a jump of 35 percent. On the other hand, the profit of GSK Pharma has increased by 35 percent and revenue by 18 percent. Margine has also gained 3 percent.
GNFC profit increased by 68%, ABFRL reduced losses, margin improved
GNFC’s profit increased by 68% in the third quarter. The company’s margin has shown bounce. At the same time, the deficit of ABFRL has decreased. The company’s revenue has a slight increase. There is also improvement in margin.
FM’s press conference in Mumbai
After the budget, Finance Minister Nirmala Sitharaman will hold a press conference in Mumbai at 12.15 am today. Along with all the secretaries of the Finance Ministry, CEA and CBDT chiefs will also be present.
The condition of American markets
Today, American markets will be closed on the occasion of ‘President’s Day’. The markets were closed on Friday. Dow and S&P500 were closed in red mark. Nasdaq closed with a slight increase. Today two Fed officials will give a speech. Looking at the move of the US market in the last week, Nasdaq 2.58 per cent, S&P 500 index 1.47 per cent, Dow Jones 0.55 per cent and Russell 2000 index was 0.1 per cent.
FII and Dii Fund Flow
Foreign institutional investors sold equity worth Rs 4294 crore on 14 February, while domestic institutional investors (DIIs) bought equity worth Rs 4363 crore on the same day.