Stock Market HIGHLIGHTS: Sensex ends 243 pts higher, Nifty reclaims 18,000; Adani Power, Trans continue to bleed
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended gains to a second straight session on Wednesday, shrugging off weakness across a majority of global markets after a key US inflation reading came in worse than economists' estimates. Gains in IT, financial, oil & gas and auto shares pushed the headline indices higher, though losses in FMCG shares played spoilsport.
Catch 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, financial results, investment ideas, trading calls and much more only on Zeebiz.com's blog:
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended gains to a second straight session on Wednesday, shrugging off weakness across a majority of global markets after a key US inflation reading came in worse than economists' estimates. Gains in IT, financial, oil & gas and auto shares pushed the headline indices higher, though losses in FMCG shares played spoilsport.
Catch 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, financial results, investment ideas, trading calls and much more only on Zeebiz.com's blog:
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Stock Market Update | Sensex ends 243 pts higher, Nifty50 reclaims 18,000
The 30-scrip index finishes the day with a gain of 242.8 points or 0.4 per cent at 61,275.1 and the Nifty50 settles at 18,015.9, up 86 points or 0.5 per cent from its previous close.
Here's how the headline indices moved through the day:
Sensex
Nifty50
Stock Market Tips LIVE | Jay Thakkar suggests buying 18,000 Nifty50 call option at Rs 43
Jay Thakkar of Sharekhan suggests a 'buy' on the 18,000 call option of the headline index at Rs 43 for a target of Rs 85-100.
WATCH HERE
Nifty और Bank Nifty पर शेयरखान के जय ठक्कर का कॉल ऑप्शन ट्रेड
मार्जिन, रिस्क और ब्रोकरेज कम...कमाई ज्यादा
देखिए Zee Business LIVE - https://t.co/NZ6k4Vr8IV@JayThakkar22 @AnilSinghvi_ @Sharekhan #OptionsTrading #NiftyOptions pic.twitter.com/lLoAoIGYxx
— Zee Business (@ZeeBusiness) February 15, 2023
Stock Market Tips LIVE | Sumeet Bagadia recommends buying Tata Consumer shares
Sumeet Bagadia of Choice Broking suggests buying Tata Consumer Products shares for targets of Rs 745 and Rs 750 with a stop loss at Rs 715.
SBI hikes FD interest rates
State Bank of India — the country's largest lender by assets — raises its retail term deposit rates by 5-25 basis points and bulk term deposit rates by 25-75 basis points.
Stock Market Tips LIVE | Himanshu Gupta recommends buying Birlasoft shares
Himanshu Gupta of Globe Capital Markets shares a trading call with Zee Business viewers. He suggests buying Birlasoft shares for targets of Rs 305 and Rs 315 expected in the next two days with a stop loss at Rs 289.
Royal Enfield Hunter maker's stock rebounds as investors digest parent Eicher's tepid Q3 results
Eicher Motors shares rebound, a day after the maker of Royal Enfield motorcycles reported a set of financial results that largely were in tandem with analysts' expectations.
The Eicher Motors stock jumps by as much as Rs 165.2 or 5.2 per cent to Rs 3,340 apiece on BSE, having declined by Rs 77.6 or 2.4 per cent after the earnings announcement the previous day.
Stock Market Tips LIVE | Buy IndusInd Bank Rs 1,140 put option, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers has a 'buy' call on the Rs 1,140 put option of IndusInd Bank at Rs 15 for a target of Rs 26 with a stop loss at Rs 8.
He also suggests the 17,900 put option of Nifty50 at Rs 40 for targets to the tune of 80-100 with a stop loss at Rs 15.
Stock Market Tips LIVE | Swati Hotkar recommends buying APL Apollo Tubes, TVS Motor shares
Swati Hotkar of Nirmal Bang Securities shares two stock picks with Zee Business viewers:
- Buy APL Apollo Tubes shares for a target of Rs 1,300 with a stop loss at Rs 1,200
- Buy TVS Motor for a target of Rs 1,160 with a stop loss at Rs 1,080
Stock Market LIVE Update | Vodafone Idea shares flat after Q3 results
The telecom stock is changing hands at Rs 7.7 apiece on BSE.
Vodafone Idea reported a mixed set of results on Tuesday. The company's average revenue per user (APRU), a key measure of income for telecom operators, exceeded analysts' estimates.
Aviation stocks a mixed bag as Air India seals mega deal
| Stock | Change (%) | CMP |
| Interglobe Aviation (IndiGo) | -0.2 | 2,034.3 |
| SpiceJet | -3.2 | 32.3 |
| Jet Airways | 0.5 | 68.3 |
The deal, estimated at more than $70 billion, includes 250 Airbus aircraft and 220 Boeing aircraft. With this deal, Air India's capacity is set to increase by 50 per cent by the end of the year ending March 2024.
ITC, Hindustan Unilever, Britannia, Nestle weigh on entire FMCG basket
Stock Market LIVE Update | Sensex tests 61,000, Nifty50 back above 17,900 as market recovers most of day's losses
The Sensex is left with a cut of 27.1 points at 61,005.1, as the market recovers much of the day's losses.
The Nifty50 is at 17,918.5, down 11.4 points or 0.1 per cent from its previous close.
Stock Market LIVE Update | ITC shares trade ex-dividend
The stock of a cigarettes-to-hotels conglomerate delcine by as much as Rs 7.9 or two per cent to Rs 378.7 apiece on BSE, trading ex-dividend.
Crude oil adds to Tuesday's fall of over $1 amid soaring US stockpiles
Crude oil rates slip in early Asian trade, after falling by more than $1 a barrel in the previous session, as industry data points to a bigger-than-expected surge in US crude inventories. Brent futures decline by 20 cents at $85.4 a barrel and US WTI futures are down by 19 cents at $78.9 a barrel.
The OPEC grouping of top oil producers has raised its 2023 forecast for global demand growth in its first upward revision for months, citing China's relaxation of pandemic-related restrictions and slightly stronger prospects for the world economy. OPEC expects global oil demand to rise by 2.32 million barrels per day (bpd) this year, which is 1,00,000 bpd higher than last month's forecast.
For the past two months, OPEC has kept its 2023 demand growth forecast steady after a series of downgrades.
