Stock Market HIGHLIGHTS: Sensex ends 333 pts above day's low, Nifty six pts shy of 17,900; Adani Ent, Ports bleed
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 managed to end a volatile session in the green on Thursday, led by gains in financial and IT shares though losses in metal stocks limited the upside. Globally, stock markets saw mixed moves as investors assessed earnings optimism against a hawkish tone of the Fed.
Here are 10 key things to know about the February 9 session:
1. The Sensex finished the day with a gain of 142.4 points or 0.2 per cent at 60,806.2, having gyrated in a range of 390.8 points around the flatline — between 60,472.8 and 60,863.6 — during the session. The Nifty50 settled at 17,893.5, up 21.8 points or 0.1 per cent from its previous close, after moving broadly within the 17,750-17,950 band in intraday trade.
2. Bajaj Finserv, Bajaj Finance Hindalco, HDFC Life, Asian Paints and IndusInd Bank rose the most among the 25 gainers in the Nifty50 basket.
3. Adani Enterprises and Adani Ports were the top laggards, falling 11.2 per cent and 2.9 per cent for the day respectively.
4. Among heavyweights, Reliance, Bajaj Finance, Larsen & Toubro, TCS and Infosys were the biggest support for the Nifty50 index. On the other hand, Adani Enterprises, Adani Ports, the HDFC twins and ICICI Bank were the biggest drags.
5. Other top blue-chip losers in the 50-scrip pack were Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel and UltraTech.
6. The Nifty IT was the top gainer among NSE's sectoral indices, rising 0.7 per cent for the day boosted by Infosys and TCS.
7. Overall market breadth was in favour of the bears, with an advance-decline ratio of 4:5 as 1,579 stocks rose and 1,880 fell at the close on BSE.
8. Shree Cement shares closed lower by Rs 1,044.9 or 4.3 per cent at Rs 23,196.9 apiece on BSE, a day after the cement maker reported a set of quarterly earnings that fell short of analysts' expectations as input costs ate into its margin. CLSA downgraded Shree to 'sell' from 'reduce' and reduced its target by Rs 1,750 to Rs 22,250. (Read more on Shree Cement shares)
9. Paytm shares ended higher by Rs 35 or 5.2 per cent at Rs 712.6 apiece on BSE, extending gains to the fourth session in a row.
10. European markets hit fresh nine-month highs on Thursday, shrugging off a mixed session across Asia, as investors assessed earnings optimism against a hawkish Fed. The pan-European Stoxx 600 index was up 0.8 per cent at the last count, rising for the third day in a row. S&P 500 futures were up 0.7 per cent, suggesting a gap-up start ahead on Wall Street.
Catch highlights of the day, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas, trading calls and much more here on Zeebiz.com's blog:
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 managed to end a volatile session in the green on Thursday, led by gains in financial and IT shares though losses in metal stocks limited the upside. Globally, stock markets saw mixed moves as investors assessed earnings optimism against a hawkish tone of the Fed.
Here are 10 key things to know about the February 9 session:
1. The Sensex finished the day with a gain of 142.4 points or 0.2 per cent at 60,806.2, having gyrated in a range of 390.8 points around the flatline — between 60,472.8 and 60,863.6 — during the session. The Nifty50 settled at 17,893.5, up 21.8 points or 0.1 per cent from its previous close, after moving broadly within the 17,750-17,950 band in intraday trade.
2. Bajaj Finserv, Bajaj Finance Hindalco, HDFC Life, Asian Paints and IndusInd Bank rose the most among the 25 gainers in the Nifty50 basket.
3. Adani Enterprises and Adani Ports were the top laggards, falling 11.2 per cent and 2.9 per cent for the day respectively.
4. Among heavyweights, Reliance, Bajaj Finance, Larsen & Toubro, TCS and Infosys were the biggest support for the Nifty50 index. On the other hand, Adani Enterprises, Adani Ports, the HDFC twins and ICICI Bank were the biggest drags.
5. Other top blue-chip losers in the 50-scrip pack were Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel and UltraTech.
6. The Nifty IT was the top gainer among NSE's sectoral indices, rising 0.7 per cent for the day boosted by Infosys and TCS.
7. Overall market breadth was in favour of the bears, with an advance-decline ratio of 4:5 as 1,579 stocks rose and 1,880 fell at the close on BSE.
8. Shree Cement shares closed lower by Rs 1,044.9 or 4.3 per cent at Rs 23,196.9 apiece on BSE, a day after the cement maker reported a set of quarterly earnings that fell short of analysts' expectations as input costs ate into its margin. CLSA downgraded Shree to 'sell' from 'reduce' and reduced its target by Rs 1,750 to Rs 22,250. (Read more on Shree Cement shares)
9. Paytm shares ended higher by Rs 35 or 5.2 per cent at Rs 712.6 apiece on BSE, extending gains to the fourth session in a row.
10. European markets hit fresh nine-month highs on Thursday, shrugging off a mixed session across Asia, as investors assessed earnings optimism against a hawkish Fed. The pan-European Stoxx 600 index was up 0.8 per cent at the last count, rising for the third day in a row. S&P 500 futures were up 0.7 per cent, suggesting a gap-up start ahead on Wall Street.
Catch highlights of the day, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas, trading calls and much more here on Zeebiz.com's blog:
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Closing Bell | Sensex up 142 pts at 60,806, Nifty50 six pts shy of 17,900
The Sensex finishes 142.4 points or 0.2 per cent higher at 60,806.2 and the Nifty settles at 17,893.5, up 21.8 points or 0.1 per cent from its previous close.
Here's how the headline indices moved through the day:
Sensex
Nifty
Stock Market LIVE Update | Metal stocks remain under pressure; Nifty Metal top laggard among NSE's sectoral indices
Here's what the sectoral gauges look like minutes before the closing bell:
| Index | Change (%) |
| NIFTY IT | 0.7 |
| NIFTY MEDIA | 0.6 |
| NIFTY FINANCIAL SERVICES | 0.2 |
| NIFTY PRIVATE BANK | 0.1 |
| NIFTY BANK | 0.1 |
| NIFTY PSU BANK | -0 |
| NIFTY FMCG | -0.2 |
| NIFTY CONSUMER DURABLES | -0.2 |
| NIFTY OIL & GAS | -0.3 |
| NIFTY HEALTHCARE INDEX | -0.4 |
| NIFTY PHARMA | -0.4 |
| NIFTY AUTO | -0.5 |
| NIFTY REALTY | -0.6 |
| NIFTY METAL | -1.5 |
MRF Q3 Results | Net profit increases 17% to Rs 175 crore
The tyre manufacturer reports Rs 5,644.6 crore in revenue, up 14.7 per cent compared with the corresponding period a year ago, according to a regulatory filing.
The MRF stock declined by as much as Rs 4,560.7 or 4.9 per cent to Rs 87,650 apiece on BSE after the earnings announcement.
The company declares an interim dividend of Rs 3 per share, with a record date of February 21.
Read more on MRF dividend payout
MRF shares slump after tyre maker announces Q3 results, dividend
Stock Market LIVE Update | Zomato shares zoom ahead of Q3 results today
Zomato shares are up by Re 1.8 or 3.3 per cent at Rs 56.1 apiece on BSE, having risen by as much as Rs 2.5 or 4.6 per cent to Rs 56.8 apiece earlier in the day.
According to Zee Business research, Zomato is estimated to report a net loss of Rs 381 crore for the quarter ended December 2022, as against a net loss of Rs 251 crore for the corresponding period a year ago. Its revenue is estimated at Rs 1,831 crore.
AMFI Data | Mutual fund inflow at Rs 11,373 crore in January, AUM down 0.7%
Mutual funds' assets under management (AUM) decline 0.7 per cent sequentially to Rs 39.6 lakh crore in January, according to industry body AMFI.
Here are some highlights:
- Net inflow in open ended equity fund at Rs 12,550 crore; AUM down 1.2 per cent at Rs 15.1 lakh crore
- Net outflow in open ended debt fund at Rs 10,320 crore; AUM down 0.3 per cent sequentially at Rs 12.4 lakh crore
- Net inflow in open ended hybrid fund at Rs 4490 crore; AUM down 0.1 per cent
Timeout for a cricket update! Ravindra Jadeja puts an end to Steve Smith-Marnus Labuschagne partnership in India vs Australia Test Day 1 LIVE
Catch minute-by-minute updates of the march on Zeebiz.com's LIVE cricket blog
Catch minute-by-minute updates of the march on Zeebiz.com's LIVE cricket blog
Shree Cement shares continue to reel under pressure
Goldman Sachs, JPMorgan and Jefferies have raised their target prices for the cement maker's stock by Rs 100-1,308. CLSA downgraded Shree Cement to 'sell' from 'reduce' and brought down its target by Rs 1,750 to Rs 22,250.
Stock Market Tips LIVE | Buy Dalmia Bharat, target Rs 2,000, says Swati Hotkar
Swati Hotkar of Nirmal Bang Securities suggests buying Dalmia Bharat shares for a target of Rs 2,000 with a stop loss at Rs 1,890.
Buy Praj Industries, KEI Industries: Arpit Beriwal
Arpit Beriwal of Motilal Oswal Financial Services shares two trading calls:
- Buy Praj Industries for a target of Rs 390 with a stop loss at Rs 352
- Buy KEI Industries for a target of Rs 1,750 with a stop loss at Rs 1,600
Trent shares zoom with large volumes after mixed results — here's what's pushing the stock higher
Stock Market Tips LIVE | Sneha Seth recommends buying Sun Pharma, Reliance shares
Sneha Seth of Angel One shares two stock picks with Zee Business viewers:
- Buy Sun Pharma for a target of Rs 1,051 with a stop loss at Rs 990
- Buy Reliance for a target of Rs 2,450 with a stop loss at Rs 2,310
Stock Market LIVE Today | Gujarat Pipavav, Cummins, Trent rise the most among some 220 gainers in BSE 500 universe
On the flipside, Adani Enterprises, Restaurant Brands Asia, Ambuja, Adani Power, Adani Transmission and Adani Total are the top laggards in the 500-member index.
More pain for Adani Group as MSCI announces changes to free float status of Adani securities
MSCI says certain investors in Adani group securities should no longer be designated as free float. The research firm is reviewing the status and will announce any changes later in the day.
MSCI, however, added that the changes for Adani stocks associated with MSCI Global Investable Market indices are part of its regular monthly review.