Stock Market HIGHLIGHTS: Sensex ends 333 pts above days 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.
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.
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:
Latest Updates
Thank you! That's all today on Zeebiz.com's stock market blog
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Happy investing, and happy trading!
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
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
Shree Cement shares continue to reel under pressure
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.
Stock Market Tips LIVE Today | Sumeet Bagadia recommends 'sell' on India Cements
In an interaction with Zee Business Managing Editor Anil Singhvi, Sumeet Bagadia of Choice Broking suggests selling India Cements shares. The stock appears not to be sustaining a bounce amid selling pressure, Bagadia points out.
He places his targets at Rs 185 and Rs 182, and a stop loss at Rs 194.
Paytm share price history
Stock Market LIVE Update Today | Paytm shares slip into the red after touching Rs 700 mark for first time in four months
The stock of Paytm parent One97 retreats after gaining by as much as Rs 28.1 or 4.1 per cent to Rs 705.7 apiece on BSE within the first few minutes of the session. The stock made a positive start, rising for the fourth session in a row, and crossed the Rs 700 mark for the first time since October 13, 2022 before making a U-turn.
Here's how Paytm shares are moving in today's trade so far:
Stock Market Tips LIVE Today | Sandeep Wagle recommends buying Mahanagar Gas shares, target Rs 921
Sandeep Wagle, Founder and CEO of Sandeep Wagle Advisory Services, suggests going long on MGL for a target of Rs 921 with a stop loss at Rs 888.
Stock Market LIVE Today | Maruti Suzuki, Tata Motors, UltraTech, Bharti Airtel top Sensex laggards
On the other hand, Bajaj Finance, TCS, Infosys, L&T and PowerGrid are rising the most among the 12 gainers in the 30-scrip basket.
Stock Market LIVE Today | Sensex recovers most of day's losses after falling over 100 pts, Nifty50 hovers around 17,850
Both headline indices attempt to make it to the green, having recovered much of the day's losses within the first 15 minutes of trade. In early deals, the Sensex fell as much as 126.6 points or 0.2 per cent to hit 60,537.2 on the downside and the Nifty50 slipped to as low as 17,816.9, down 54.9 points or 0.3 per cent from its previous close.
Here's how the intraday charts are building up for both main indices so far:
Sensex
Nifty50
Stock Market LIVE Today | Sensex, Nifty50 marginally higher in pre-open trade
The Sensex ends the pre-opening session with a gain of 52.1 points or 0.1 per cent at 60,715.9 and the Nifty50 settles at 17,885.5, up 13.8 points or 0.1 per cent from its previous close.
Anil Singhvi Market Strategy Today: Support for Nifty50 at 17,750-17,825 levels
Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the benchmark index coming in at 17,650-17,725 levels.
For the Nifty Bank, he expects support at 41,100-41,275 levels and a strong buy zone in the 40,525-40,675 area.
Read more on how Anil Singhvi views the market today and what he recommends
Stock Market Tips Today | Should you buy, hold or sell Trent, Shree Cement, Cummins, Piramal Enterprises, Samvardhana Motherson, other stocks today?
Here's a look at what brokerages make of some of the key stocks in focus today. They have lined up targets in the range of Rs 18,860-26,000 for Shree Cement, a day after the cement maker reported a set of quarterly earnings that fell short of analysts' estimates.
Brokerage Rating Target price Macquarie Neutral Rs 22,813 CLSA Revised to 'sell' from 'reduce' Reduced to Rs 22,250 from Rs 24,000 Morgan Stanley Overweight Rs 26,000 Goldman Sachs Neutral Raised to Rs 22,100 from Rs 20,792 JPMorgan Underweight Raised to Rs 18,860 from Rs 17,900 Jefferies Hold Raised to Rs 21,850 from Rs 21,750
Stock Market Update | Sensex rose 378 pts on Wednesday after RBI rate hike, Nifty50 above 17,850
The Sensex finished Wednesday's session 377.8 points or 0.6 per cent higher at 60,663.8 and the Nifty50 at 17,871.7, up 150.2 points or 0.9 per cent from its previous close — both holding on to much of their intraday gains after the RBI announced a hike in the benchmark interest rate along expected lines.
Here's what the headline indices' intraday charts look like:
Sensex
The 30-scrip gauge rose as much as 506.1 points during the session.
Nifty50
Stock Market LIVE Today | Wall Street indices tumble amid rout in tech stocks; Alphabet (Google) shares slump 7.7% AI bot gives incorrect answer in ad
On Wednesday, the three main Wall Street indices fell amid sharp weakness in tech-focused shares, led by Alphabet (Google). Google shares finished 7.7 per cent lower after the tech giant's new AI chatbot, Bard, delivered an incorrect answer in an online advertisement.
- Dow Jones Industrial Average: down 0.6 per cent
- S&P 500: down 1.1 per cent
- Nasdaq Composite: down 1.7 per cent
Stock Market LIVE Today | Mixed cues from other Asian markets
Equity markets across in Asia markets are a mixed bag at this hour, following weakness on Wall Street overnight amid persistent concerns about more of hikes in benchmark interest rates. MSCI's broadest index of Asia Pacific shares is flat.
- Japan's Nikkei 225: down 0.4 per cent
- Singapore's Straits Times: down 0.5 per cent
- South Korea's KOSPI: flat
- Hong Kong's Hang Seng: up 0.5 per cent
- China's Shanghai Composite: up 0.8 per cent
Stock Market LIVE Today | SGX Nifty futures indicate a flat start ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are trading flat at 17,892 at this hour, having gyrated in a range of 85 points around the flatline earlier in the day.
Stock Market LIVE Today | Good morning! Welcome to Zeebiz.com's stock market blog
Follow this space for minute-by-minute market action, LIVE market commentary and analysis, financial results and what to make of them, expert views, stock investing as well trading recommendations, and much more.
Happy investing, and happy trading!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.