News for Nahar Poly Films Limited (NAHARPOLY.BO)

Q3 results today: Approximately 26 companies will release their Q3 quarter results today on February 10

More than 500 companies across all sectors will be revealing their third quarter financial results next week.

During the week gone by, all the sectoral indices ended in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent.

In the medium term, the market is expected to remain volatile due to uncertainty over the resolution of the ongoing Russo-Ukraine war, input cost inflation, the possibility of rate hikes and a subdued demand scenario.

A bear grip is confirmed when an index or a stock plunges 20 per cent or more from its most recent high.

BSE Mid-cap Index shed 2.3 percent, Small-cap index was down 0.6 percent and Large-cap Index fell 2 percent.

Foreign institutional investors (FIIs) sold equities worth of Rs 22,563.08 crore, and domestic institutional investors (DIIs) bought equities worth of Rs 16,742.75 crore.

Out of about 1,000 companies on BSE midcap and smallcap index, as many as 70 stocks have dropped more than 25 per cent in the current year so far, of which 20 have eroded one third of investors wealth in the new year so far.

All the sectoral indices ended in the green with Nifty Metal index added 6.6 percent, Nifty Pharma index rose 4.6 percent and Nifty FMCG index added 3.6 percent.

Foreign institutional investors (FIIs) sold equities worth of Rs 7,695.27 crore, and domestic institutional investors (DIIs) bought equities worth of Rs 5,923.71 crore.

Mazhar Mohammad of Chartviewindia.in said the selling at highs hints at the lack of conviction on the part of bulls to push Nifty50 higher.