Share Market HIGHLIGHTS: Sensex ends 228 pts higher, Nifty reclaims 21,900 led by financial, auto stocks; M&M surges 7%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex ended a volatile session on Dalal Street about one-third of a percentage point higher on Thursday, February 15, led by buying in financial, auto and IT shares though selling in FMCG counters limited the upside. Among heavyweights, HDFC Bank, Mahindra & Mahindra, State Bank of India, NTPC and Infosys were the biggest contributors to the upmove in the 50-scrip index. Investors awaited more earnings reports from India Inc for domestic cues.
Here are some of the stocks that made headlines during the course of the day:
- Muthoot Finance shares fall as brokerages look unimpressed despite strong Q3 results; what should you do?
- Paytm was on the 'buy' list of mutual funds in January
- Crompton Greaves Consumer Electricals shares decline after Q3 results fall short of analysts' expectations
- Block deal in Vedanta
- NMDC shares clock 52-week high after operationally strong Q3 show; what should investors do?
- Yatra Online shares slip
- Should you buy M&M, OIL, BHEL, Zomato, Crompton Greaves shares?
- How to trade Vedanta, Asian Paints, over a dozen other stocks today
- 'Pick of the Day': HAL, Bank of Baroda, MRF among analysts' top picks
Catch all the highlights of the February 15 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex ended a volatile session on Dalal Street about one-third of a percentage point higher on Thursday, February 15, led by buying in financial, auto and IT shares though selling in FMCG counters limited the upside. Among heavyweights, HDFC Bank, Mahindra & Mahindra, State Bank of India, NTPC and Infosys were the biggest contributors to the upmove in the 50-scrip index. Investors awaited more earnings reports from India Inc for domestic cues.
Here are some of the stocks that made headlines during the course of the day:
- Muthoot Finance shares fall as brokerages look unimpressed despite strong Q3 results; what should you do?
- Paytm was on the 'buy' list of mutual funds in January
- Crompton Greaves Consumer Electricals shares decline after Q3 results fall short of analysts' expectations
- Block deal in Vedanta
- NMDC shares clock 52-week high after operationally strong Q3 show; what should investors do?
- Yatra Online shares slip
- Should you buy M&M, OIL, BHEL, Zomato, Crompton Greaves shares?
- How to trade Vedanta, Asian Paints, over a dozen other stocks today
- 'Pick of the Day': HAL, Bank of Baroda, MRF among analysts' top picks
Catch all the highlights of the February 15 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Sensex up 228 pts, Nifty reclaims 21,900 as D-Street extends gains to third day in a row
- Financial, auto stocks lead gains on Dalal Street
- M&M soars 7%
Market Today LIVE: Should you buy Sovereign Gold Bonds?
While past returns on SGBs have been promising, future returns may vary depending on factors like prevailing gold prices and the terms of future issuances, says Anuj Gupta of HDFC Securities.
"As the long-term trend of gold looks positive, this is an opportune time for investors to invest for the long term in gold," Gupta adds.
Image: Reuters
Stock Market Today LIVE: European equities get a corporate earnings boost; French shares hit record high
European shares begin the day on a positive note, boosted by gains in French stocks and a soft GDP reading from the UK, while comments by European Central Bank President Christine Lagarde on the disinflation process in the euro zone aid sentiment. The pan-European Stoxx 600 index is up 0.6 per cent at this hour.
Here's where some of the key indices in the region stand:
- UK: FTSE 100: up 0.2 per cent
- France's CAC: up 0.9 per cent
- Germany's DAX: up 0.6 per cent
Stock Market Today LIVE: Dow Jones futures up over 50 pts; Wall Street to remain shut on Thursday for Martin Luther King Jr Day
The near-month futures contracts of the three main Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, are mildly up at this hour.
- Dow Jones futures: up 66 points, or 0.2 per cent, at 38,560
- S&P 500: up 7.5 points, or 0.2 per cent, at 5,025.5
- Nasdaq Composite: up 16.8 points, or 0.1 per cent, at 17,897.8
Share Market Today LIVE: PM Modi's RDSS scheme proving a boon for this small-cap company; stock up 3x in 12 months
The small-cap index in the recent past, amid broad market gains, has logged stupendous gains, with HPL Electric and Power (HPL) being no exception. The stock has delivered a handsome return of 240 per cent in the last one year, i.e., nearly trebled investors' money in a short span of a year. The company has been continuously bagging orders for smart metres amid the government’s push to implement prepaid smart meters under the Revamped Distribution Sector Scheme (RDSS) in a gradual manner.
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Image: hplindia.com
Share Market Today LIVE: Japan unexpectedly slips into recession; Germany now world's third-biggest economy
Japan's economy has slipped into a recession as it unexpectedly shrank for two straight quarters on weak domestic demand, raising uncertainty about the central bank's plans to exit its ultra-easy policy sometime this year.
The weak performance saw Japan lose its title as the world's third-largest economy, replaced by Germany.
Image: Reuters
Share Market Today LIVE: Paytm shares remain locked in lower circuit
Paytm parent One97 Communications' shares continue to be locked in the five per cent lower circuit at Rs 325.3 apiece on BSE.
The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, news agency Press Trust of India reported citing official sources.
The central agency is conducting a preliminary examination of documents before it decides to launch a formal investigation into the RBI-flagged alleged irregularities at the fintech company under the Foreign Exchange Management Act (FEMA), according to the report.
What does it mean when a stock hits a circuit?
When a stock is locked in a circuit, it means that there is a sudden surge in demand or supply for that particular stock, causing its price to hit the upper or lower circuit limit set by the stock exchange. This limit is usually a percentage increase or decrease from the previous closing price. When the circuit is triggered, trading in that stock is temporarily halted, and no further trades can take place until the circuit is released.
This mechanism is in place to prevent extreme volatility and rapid price fluctuations. It allows investors to digest the new information and make informed decisions. Overall, circuit breakers play a crucial role in maintaining market stability and protecting investors.
Share Market Today LIVE: Buy SBI, Oil India, M&M shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services recommends buying SBI shares at current levels for a target of Rs 777 with a stop loss at Rs 740.
He also has a 'buy' call each on M&M and Oil India shares. For the auto company, he has placed his target at Rs 1,820 and stop loss at Rs 1,740. For Oil India, his target stands at Rs 620.
Taparia is also positive on Bank of India and Indian Bank shares.
Share Market Today LIVE: NBCC shares locked in upper circuit for second straight day
State-run construction company NBCC's shares are locked in the five per cnet upper circuit at Rs 137.3 apiece on BSE.
Image: BSEIndia.com
Share Market Today LIVE: MRPL, Oil India, KIOCL, NMDC Steel, Gujarat Pipavav surge over 9%, top gainers in BSE 500 universe
On the other hand, stocks such as Rajesh Exports, Paytm, Vedanta, Muthoot Finance and Narayana Hrudayalaya are the worst hit among some 150 laggards in BSE's broadest index.
Share Market Today LIVE: Glenmark Pharma shares remain under pressure after Q3 results fall short of analysts' expectations due to exceptional item
Glenmark Pharma shares decline by as much as Rs 51, or 6.4 per cent, to Rs 847.3 apiece on BSE, after the drug maker's quarterly numbers fall short of analysts' estimates owing to a one-time adjustment.
After market hours on Wednesday, the Mumbai-headquartered pharmaceutical company reported a net loss of Rs 470 crore for the October-December period, including an exceptional loss at Rs 767 crore related to its domestic business, as against a net profit of Rs 168 crore for the corresponding quarter a year ago.
Its quarterly revenue fell 19 per cent to Rs 2,507 crore, according to a regulatory filing.
According to Zee Business research, Glenmark Pharma was expected to register a net profit of Rs 281 crore for the December quarter over revenue of Rs 3,452 crore.
Share Market Today LIVE: Supreme Court scraps opaque election funding system, calls it 'unconstitutional'
The Supreme Court scraps a seven-year-old election funding system that allows individuals and companies to donate money to political parties anonymously and without any limits.
Introduced in 2017, the electoral bonds system was challenged by opposition members and a civil society group on grounds that it hindered the public's right to know who had given money to political parties.
Share Market Today LIVE: IT firms staged better-than-expected Q3 show; margins likely to improve in FY25 on the back of better pricing
Major IT companies' December-quarter results show suggest that stability is just around the corner, with improvement in client sentiment, according to Zee Business research.
Share Market Today LIVE: Market wizard Anil Singhvi says strong buy zone for Nifty50 at 21,575-21675
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,725-21,775 levels and a strong buy zone at 21,575-21,675 levels today.
For the Nifty Bank, he expects support to come in at 45,525-45,725 levels and a strong buy zone at 44,875-45,025 levels.
Read more on how market wizard Anil Singhvi views the market today