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Sensex climbs over 100 pts; Nifty50 tops 10,600; PNB plunges 7%

The Sensex rose 139.61 points, or 0.41 per cent, to 34,585.36. The Nifty50 firmed up 40.05 points, or 0.38 per cent, to 10,622.65.

Domestic stocks carried forward the momentum with a higher opening as Asian markets surged ahead of the US Fed chief Jerome Powell’s highly-anticipated first congressional testimony later in the day.

A decline in US new home sales for the second straight month in January and the dovish commentary by St Louis Federal Reserve President James Bullard on rate outlook improved sentiment globally.

This morning, the Sensex rose 139.61 points, or 0.41 per cent, to 34,585.36. The Nifty50 firmed up 40.05 points, or 0.38 per cent, to 10,622.65.

YES Bank rose 2.34 per cent to Rs 333.50. Bharti Airtel, Reliance Industries, Hero MotoCorp and Tata Motors advanced.

ACC and Ambuja Cements declined up to 2 per cent. The long-due merger between the LafargeHolcim’s Indian operations, Ambuja Cements and ACC, was called off on Monday due to “current constraints”. The transfer of mines between the two was proving to be uneconomical, said experts.

PNBBSE -8.53 % fell 7 per cent after the state-owned lender told exchanges late on Monday that the quantum of unauthorised transactions using SWIFT could rise by $204.25 million, or Rs 1,322 crore.

Meanwhile, experts believe that the Nifty50 needs to take out 10,600-10,650 for any further upside.

“The hurdle zone has acted as a stiff barrier. Unless the resistance zone is taken out on a closing basis, the index is likely to start next leg down. The Nifty, however, can spend some time by forming a distribution before resuming the larger downtrend,” said Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan.

“The 10,520-10,499 range is an immediate support zone below which larger downside can be expected,” Ratnaparkhi added.

Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform clipper28.com has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
Name
Age
Assembly Segment
Phone Number
Which party will emerge as the single largest party?
Which party will win how many seats?
Whom would you like to see as next Chhattisgarh Chief Minister?
Have you witnessed development work in your area?
Do you think that farmers of Chhattisgarh are satisfied with BJP government?
Do you think youngsters are happy with employment scenario created by Chhattisgarh/state government?
Do you think state government has done enough on issue of women empowerment?
Are you satisfied with work done by your legislator? Have electoral promises been fulfilled or not?
Are you satisfied with the amenities provided by the government in your area?
Do you think the state government has successfully tackled naxal menace?
Are you satisfied with work done by different state Ministers?

Please do vote...

ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘clipper28.com’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
नाम
विधानसभा क्षेत्र
आयु
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-
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