Stock Market HIGHLIGHTS: Sensex leaps 600 pts to reclaim 61,000 mark, Nifty50 settles above 17,900 led by financial, IT shares
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a strong session on Tuesday around one per cent higher each amid cautious gains across global markets, ahead of a key US inflation reading that could determine the future course of interest rates in the world's largest economy. Gains in financial, IT, oil & gas and metal shares were at the forefront of the upmove on Dalal Street.
Catch highlights of the February 14 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 finished a strong session on Tuesday around one per cent higher each amid cautious gains across global markets, ahead of a key US inflation reading that could determine the future course of interest rates in the world's largest economy. Gains in financial, IT, oil & gas and metal shares were at the forefront of the upmove on Dalal Street.
Catch highlights of the February 14 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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Closing Bell | Sensex leaps 600 pts to reclaim 61,000 mark, Nifty50 crosses 17,900 led by financial, IT shares
Both headline indices finish the day with gains of around one per cent. The Sensex rises 600.4 points to end at 61,032.3 and the Nifty50 settles at 17,922.9, up 152 points from its previous close.
Here's how the indices moved through the day:
Sensex
Nifty50
Stock Market Tips | Chandan Taparia recommends buying Reliance, TVS Motor shares
Chandan Taparia of Motilal Oswal Financial Services shares two trading calls:
- Buy Reliance for a target of Rs 2,450 with a stop loss at Rs 2,325
- Buy TVS Motor Company for a target of Rs 1,120 with a stop loss at Rs 1,065
Stock Market LIVE Update | Reliance, ITC, ICICI Bank, Infosys biggest boosts for Nifty50
Stock Market LIVE Update | Sensex jumps over 600 pts, Nifty50 comes within inches of 17,950
Eicher Motors Q3 Results | Net profit jumps 62% to Rs 741 crore, meets analysts' estimates
Eicher Motors — the parent of motorcycle maker Royal Enfield — reports a net profit of Rs 740.8 crore for the quarter ended December 2022, up 62.4 per cent compared with the corresponding period a year ago.
Its revenue comes in at Rs 3,721 crore for the three-month period, up 29.2 per cent on a year-on-year basis, according to a regulatory filing.
Both topline and bottomline figures top analysts' estimates.
According to Zee Business research, Eicher Motors' quarterly net profit was estimated at Rs 734 crore and revenue at Rs 3,659 crore.
Oil India, Cyient, ELGI Equipments, Ircon top gainers in BSE 500 universe
City Union Bank, Poonawalla Fincorp, GR Infraprojects and NOCIL are also among the stocks that are rising the most among the 185-odd gainers in the 500-scrip universe.
On the other hand, Indiabulls Real Estate, Allcargo, RHIL, SPARC and Start Health are the worst hit in the broadest index on the bourse.
Eicher Motors shares make their way into the green after Q3 results
Stock Market Tips LIVE | Ruchit Jain suggests buying ICICI Bank, Hindustan Unilever shares
Ruchit Jain of 5Paisa shares two recommendations with Zee Business viewers: ICICI Bank and HUL.
- Buy ICICI Bank for a target price of Rs 874 with a stop loss at Rs 845
- Buy for a target of Rs 2,680 with a stop loss at Rs 2,550
Stock Market LIVE Update | Sensex gains over 500 pts, Nifty50 tests 17,900
The 30-scrip index rises 518.4 points or 0.9 per cent to 60,950.3 at the strongest level of the day so far, and the Nifty50 climbs to as high as 17,905.9, up 135 points or 0.8 per cent from its previous close.
Here's how Sensex has moved so far today:
Stock Market Tips LIVE | Sell Axis Bank shares, says Sandeep Wagle
Sandeep Wagle of Sandeep Wagle Advisory Services suggests selling Axis Bank shares for a target of Rs 840 with a stop loss at Rs 866.
Axis Bank shares have grown more than 12 per cent in value in the past one year, about two times the Nifty50 index's return.
Stock Market LIVE Today | Reliance, Infosys, ICICI Bank, TCS top boosts for Sensex
HCL Tech, Infosys, Tech Mahindra, Reliance top Sensex gainers
Stock Market Tips LIVE | Kunal Saraogi bullish on ITC shares
Kunal Saraogi of Equity Rush has one stock recommendation today. He suggests going long on the stock of cogarettes-to-hotels conglomerate ITC for targets of Rs 379-384 with a stop loss at Rs 370.
Stock Market Tips | Buy Titan, says Sumeet Bagadia
Sumeet Bagadia recommends going long on Titan shares for targets of Rs 2,575-2,600 with a stop loss at Rs 2,470.