Thank you, readers! That's all from CNBC-TV18.com's live market coverage on January 31, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Jan 31, 2022 5:41 PM

Economic Survey has gone through change in format: Sanjeev Sanyal

From a descriptive document published as part of the Union Budget in 1950s, the Economic Survey has evolved to be a lot more substantial and analytical over the years, presented as a separate document a day before the Budget, Principal Economic AdvisorSanjeev Sanyal said on Monday.

The Economic Survey 2021-22 comes a day ahead of the presentation of the Union Budget in Parliament by the Finance Minister.

Read more from CNBC-TV18's budget coverage here

Jan 31, 2022 5:39 PM

Thank you, readers! That's all from CNBC-TV18.com's live market coverage on January 28, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Download our mobile app for Android and iOS platforms

Jan 28, 2022 5:23 PM

Budget 2022 | Government may make new personal income tax regime more attractive, say sources

The government is aiming to make the new simplified personal income tax regime more attractive for the salaried class, sources told CNBC-TV18. It is considering tweaking the new tax regime to encourage taxpayer adoption, and is expected to club standard deduction and interest against home loans, they said. (Read more on what to expect)

Find more on the upcoming Union Budget here

Jan 28, 2022 5:23 PM

Next 2-3 quarters to be exception for Vedanta: Dipan Mehta

Dipan Mehta, Director at Elixir Equities, believes the next 2-3 quarters are going to be exceptional for Vedanta. "We have seen the rally in commodity prices that is being reflected in Vedanta’s earnings. The stock has rallied and some of the concerns around promoter group debt have yet not been addressed. The current management is prone to making a lot of sharp moves... They keep on throwing googlies at minority investors and that is a bit of concern.

"If one is already invested in the stock, one should just enjoy the ride for next 6-12 months or so, but at these levels, it is more like a moving train and I wouldn’t like to get into it,” he said.

Jan 28, 2022 5:20 PM

Nifty closed below 50-day SMA after long time: Kotak Securities' Amol Athawale

Amol Athawale, Deputy Vice President-Technical Research at Kotak Securities, said the Nifty had closed below its 50-day simple moving average after a long time, and formed a bearish candle on the weekly chart, which is negative for the market.

"For the bulls, 17,300 would be the important breakout level to watch and if the Nifty manages to close above the same, we could expect continuation of an uptrend wave up to 17,450-17,550 levels. On the flipside, a drop below 17,000 may trigger further weakness up to 16,800-16,700 levels," he said.

He also said the Nifty Bank is near its 20-day SMA, any movement above which could see the index rally up to 38,500-39,000 levels.

Jan 28, 2022 5:16 PM

Sell-off already done, Nifty likely to rise to 18,000-plus in 1 month: Prakash Diwan

Market expert Prakash Diwan believes the sell-off is already behind, and except some movement of 100-150 points, the Nifty50 is likely to start inching back on positive newsflow to 18,000-plus levels in the next one month. "There no hurry to buy; there's enough money with PMS mutual funds. A lot of institutions and HNIs are sitting on cash, and smart money is on the sidelines. The key trigger is going to be the Budget. Going into the budget with low expectation is another plus, I don't think the market is building up itself for some sort of exuberance at this point in time, which means that anything that comes through positively favorably is going to be good," he said.

Jan 28, 2022 4:29 PM

Market This Week | Sensex, Nifty50, Nifty Bank down 3%

Here are some highlights:

--Nifty IT top loser among sectoral indices, down 6%

--Midcap index down 2%

--PSU Bank, PSU indices log weekly gains

--India VIX rises

--35 of Nifty stocks fall; Tech Mahindra, Wipro, Titan top losers

--Cipla, Axis Bank, IndusInd, NTPC, Maruti, SBI, Bharti Airtel top Nifty gainers

--IndiaMART, Torrent Pharma, Trent, Dixon, Astral top midcap losers

--Canara, Bank of Baroda, LIC Housing, Union Bank, Bandhan, Federal Bank top midcap losers

Jan 28, 2022 4:18 PM

Rupee ends nearly unchanged at 75.04 vs US dollar

The rupee ended at 75.04 against the greenback. On Thursday, it had settled at 75.07.

Jan 28, 2022 4:09 PM

Market At Close | Sensex down 884 points from day’s high

Here are some highlights:

--Last-hour fall takes headline indices near day’s lows; banking stocks top losers

--Sensex down 77 points at 57,200 for the day, off 884 points from intraday high

--Nifty recedes 272 points from day’s high

--Midcap index relatively outperforms; market breadth favours bulls

--Nifty Banks down 293 points at 37,689, retreats 732 points from day’s high

--ICICI Bank, HDFC Bank, Maruti pull headline indices lower; TCS, Infosys, ITC lend support

--Maruti Suzuki top Nifty loser, down 3%

--Tech Mahindra, PowerGrid, ICICI Bank, Hero MotoCorp, Axis Bank top Nifty losers

--NTPC, UPL top Nifty gainers ahead of Q3 earnings

--Sun Pharma up 2% after improved set of earnings by Taro

--Bharti Airtel up 1% but off day’s high after Google deal announcement

Jan 28, 2022 3:51 PM

Market At Close | NTPC, UPL, Sun Pharma, Tata Consumer, IndusInd Bank top blue-chip gainers

ONGC, Mahindra & Mahindra, Indian Oil, Bharti Airtel and Indian Oil were also among the top gainers. On the other hand, Maruti Suzuki, Tech Mahindra, PowerGrid, ICICI Bank, Hero MotoCorp, Axis Bank, Bajaj Finserv and SBI were the worst hit among the 19 laggards in the Nifty50 pack.

Here's how the 30-scrip basket fared:

Jan 28, 2022 3:40 PM

Closing Bell | Sensex down 77 points at 57,200, Nifty50 at 17,102

Both headline indices gave up their intraday gains to end with a cut of 0.1 percent. The 30-scrip index lost 76.7 points to close at 57,200.2 and the broader Nifty50 benchmark settled at 17,102, down 8.2 points. (Read more on the closing bell)

Jan 28, 2022 3:38 PM

February F&O series begins with 75% rollover from January series

Dalal Street began the February futures & options (F&O) series on Friday, a day after the Nifty50 index ended the January series with a loss of 93.8 points or half a percent. The 50-scrip index moved within a range of 1,514 points in the monthly series gone by.

The 30-scrip index Sensex lost 517.4 points — or 0.9 percent — during this period. (Read more on F&O rollover data)

Jan 28, 2022 3:37 PM

Morgan Stanley sees a 30% upside in Punjab National Bank

Punjab National Bank (PNB) shares surged over 3 percent Friday after posting a 123 percent spike in net profit. The state-owned lender reported a net profit of Rs 1,126 crore for the quarter ended December 2021, as against Rs 506 crore reported in the corresponding quarter of the previous fiscal.

Jan 28, 2022 3:30 PM

Century Plyboards Q3 net profit jumps 42.8%

Net profit jumped 42.8% at Rs 94.1 crore against Rs 65.9 crore (YoY). Revenue rose 29.5% at Rs 854.8 crore against Rs 660.1 crore (YoY). EBITDA was up 21.3% at Rs 150.1 crore against Rs 123.7 crore (YoY). EBITDA margin at 17.6% against 18.7% (YoY). Tax expenses at Rs 40.8 crore against Rs 28.1 crore (YoY).

Jan 28, 2022 3:28 PM

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