Equity Market News 01 Feb

Markets welcomed the Feb series with bulls capturing the indices on the back of the Crude Oil pull back and the Bank of Japan’s entering into a negative interest rate policy too aided the sentiments and made the indices to sustain on higher side and close in green territory with a gain of more than 1.5%. Nifty future on daily charts if continues to move ahead, then it may face immediate resistance near 7620 while 7480 may act as near support for the index.
SUPPORT : 7520 & 7470
RESISTANCE: 7600 & 7640


  • Feb derivative series start on a firm footing on BoJ move; Nifty closed above 7550 level.
  • L&T net up 19 percent to Rs 1034.80 crore led by other income and lower finance cost.
  • Jain Irrigation moved higher after launching its retail brand.
  • YES Bank gains 12% after reported Q3 net up 25pct; NII rises 27 pct.
  •  Dr Reddy’s Lab gains after gets USFDA approval for migraine injection.


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