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Below are Views On Nifty started on a positive note after suffering steep losses By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

Nifty started on a positive note after suffering steep losses in the previous two trading sessions but could not sustain it and closed down by 1%.  Except pharma, all the other sectors closed flat or in red. YES Bank closed down by 3.8% after the private sector lender has posted a net profit of Rs 151 crore in the third quarter ended December 2020 and said it will not be raising capital via equity soon. Heavyweight Reliance Industries tumbled by 5.3% on reporting a 13 per cent rise in quarterly net profit.  UltraTech Cement also closed down by 3% even after its quarterly results beat on all the fronts. Now all eyes would be on budget. This week the market will react on the basis of expectation of the budget.

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