Share Market HIGHLIGHTS: Sensex, Nifty end volatile session flat; Dow futures trim initial losses as Putin speaks
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a volatile session on Tuesday flat, as the stock market took mixed cues from global markets where investors weighed earnings optimism against the prospect of more of steep hikes in key interest rates. They also tracked a key address by Russian President Vladimir Putin closely following US President Joe Biden's surprise visit to Ukraine.
The Indian share market saw losses in IT and financial shares weighing on both headline indices, though gains in oil & gas and financial stocks kept the downside in check.
A majority of stocks in the Nifty50 universe closed lower, with Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto and Tata Motors being the top losers. On the other hand, NTPC, Britannia, Tata Steel, Reliance and PowerGrid rose the most among the 20-odd gainers in the 50-scrip basket.
Among heavyweights, Infosys, TCS and ITC posed maximum pressure on Sensex, though HDFC Bank, NTPC and Reliance lent some support.
Overall market breadth was skewed in favour of the bears, with an advance-decline ratio of 7:10 as 1,461 stocks rose and 1,991 fell on BSE.
Uflex shares suffered sharp losses after Zee Business reported that Income Tax Department authorities raided the packaging company's offices in Noida.
Global markets: European markets fell following weak cues from Asia ahead of key manufacturing data from the US, the eurozone, the UK and France that could offer a window into the health of the world economy, with the pan-continent Stoxx 600 index down 0.2 per cent at the last count.
S&P 500, Dow Jones and Nasdaq Composite futures regained some ground after falling around one per cent each initially as Russian President Vladimir Putin began a key address to the country's parliament, suggesting a weak start ahead on Wall Street as investors return to trade after a long weekend owing to a holiday.
Catch all the market action, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas and stock picks:
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a volatile session on Tuesday flat, as the stock market took mixed cues from global markets where investors weighed earnings optimism against the prospect of more of steep hikes in key interest rates. They also tracked a key address by Russian President Vladimir Putin closely following US President Joe Biden's surprise visit to Ukraine.
The Indian share market saw losses in IT and financial shares weighing on both headline indices, though gains in oil & gas and financial stocks kept the downside in check.
A majority of stocks in the Nifty50 universe closed lower, with Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto and Tata Motors being the top losers. On the other hand, NTPC, Britannia, Tata Steel, Reliance and PowerGrid rose the most among the 20-odd gainers in the 50-scrip basket.
Among heavyweights, Infosys, TCS and ITC posed maximum pressure on Sensex, though HDFC Bank, NTPC and Reliance lent some support.
Overall market breadth was skewed in favour of the bears, with an advance-decline ratio of 7:10 as 1,461 stocks rose and 1,991 fell on BSE.
Uflex shares suffered sharp losses after Zee Business reported that Income Tax Department authorities raided the packaging company's offices in Noida.
Global markets: European markets fell following weak cues from Asia ahead of key manufacturing data from the US, the eurozone, the UK and France that could offer a window into the health of the world economy, with the pan-continent Stoxx 600 index down 0.2 per cent at the last count.
S&P 500, Dow Jones and Nasdaq Composite futures regained some ground after falling around one per cent each initially as Russian President Vladimir Putin began a key address to the country's parliament, suggesting a weak start ahead on Wall Street as investors return to trade after a long weekend owing to a holiday.
Catch all the market action, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas and stock picks:
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Global Market Update | European shares edge lower ahead of PMI readings from key economies
European markets begin the day in the red ahead of the release of key PMI readings for the US, the euro zone, the UK and France, which could offer a window into the health of the world economy. The pan-European Stoxx 600 index is down 0.2 per cent at this hour.
Market players are looking out for signs of the toll tighter monetary policy has taken on economic activity.
Stock Market Update | Sensex ends 19 pts lower, Nifty50 at 17,827
The Nifty50 settles at 17,826.7 for the day, down 17.9 points or 0.1 per cent from its previous close. The Sensex declines 18.8 points to end at 60,672.7.
Here's how the headline indices moved through the day:
Sensex
Nifty50
Global Market Update | Dow Jones, Nasdaq, S&P 500 futures regain some ground after falling sharply
Analysts say early updates from Russian President Vladimir Putin's speech so far has no alarming signals for the markets.
Share Market Today LIVE | Vikas Sethi recommends buying Syrma SGS, Cochin Shipyard shares
In an interaction with Zee Business Managing Editor Anil Singhvi, Vikas Sethi of Sethi Finmart shares two stock picks:
- Buy Syrma SGS for a target of Rs 280 with a stop loss at Rs 255
- Buy Cochin Shipyard for a short-term target of Rs 505 with a stop loss at Rs 475
Putin Speech LIVE | Russian President says Kyiv held talks with West about weapons supplies before military operation, West deceived its own people: news agency Reuters
Russia Ukraine war | Putin says West started war, Russia using force to end it
"It's they (Western countries) who have started the war. And we are using force to end it," says Russian President Vladimir Putin, reports news agency AP. The speech is being broadcast by all Russian state TV channels.
Putin has frequently justified his invasion of Ukraine by accusing Western countries of threatening Russia.
Russia-Ukraine War | Dow Jones futures fall 250 pts, Nasdaq futures slump 150 pts as Russian President Vladimir Putin starts speech
Russian President Vladimir Putin is delivering his state of the nation address. His speech comes close on the heels of US President Joe Biden's surprise visit to Ukraine, and days ahead of the Russia's full-scale invasion of Ukraine completes one year.
Russian President Vladimir Putin has started delivering his state-of-the-nation address, days before the anniversary of Moscow's full-scale invasion of Ukraine. https://t.co/3C0u9lqH2F
— The Associated Press (@AP) February 21, 2023
Sensex LIVE Today | Market breadth neutral; NTPC, Tata Steel top gainers in 30-stock basket
Sensex LIVE: Here's a look at top gainers and top losers in the 30-scrip universe:
| Sensex live | |
| Top gainers | Top losers |
| NTPC | Sun Pharma |
| Tata Steel | Tata Motors |
| Reliance | IndusInd |
| PowerGrid | Axis Bank |
| Larsen & Toubro | Asian Paints |
Here's how the entire pack is faring at this hour:
Share Market Today LIVE | Buy Nifty50 futures, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services also has a 'buy' call on Nifty50 futures for a target of 18,000 with a stop loss at 17,777.
Nifty LIVE:
Share Market Today LIVE | Buy Zensar Tech shares, buy Gujarat Gas shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services shares two stock picks:
- Buy Zensar Tech for a target of Rs 308 with a stop loss at Rs 284
- Buy Gujarat Gas for a target of Rs 532 with a stop loss at Rs 497
Share Market Tips LIVE | Nilesh Jain recommends buying Varun Beverages, Power Finance Corp shares
Nilesh Jain of Centrum Broking has two buy calls for Zee Business viewers:
- Buy VBL for targets of Rs 1,375 and Rs 1,410 with a stop loss at Rs 1,309
- Buy PFC for a target of Rs 156 with a stop loss at Rs 147
Sensex LIVE | 30-scrip index barely in the green supported by NTPC, L&T, HDFC Bank, Reliance
The Sensex is barely in the green,up 16.2 points at 60,707.8, having swung in a range of more than 350 points so far today. Stocks such as Infosys, TCS, Axis Bank and Sun Pharma weigh on Sensex at this hour.
Sensex LIVE: Here's a look at the gauge's intraday chart:
Russia-Ukraine War | Joe Biden set to consult allies after surprise visit to Kyiv
US President Joe Biden is set to consult with allies from the North Atlantic Treaty Organization's eastern flank in Poland on Tuesday as the Russian invasion of Ukraine edges towards an even more complicated stage, news agency AP reported. After paying a surprise visit to Ukraine capital Kyiv, Biden made his way to Warsaw on Monday on a mission to solidify Western unity as both Ukraine and Russia prepare to launch spring offensives.
Biden is scheduled to meet with Polish President Andrzej Duda and deliver an address from the gardens of Poland capital Warsaw's Royal Castle on Tuesday, where he is expected to highlight the commitment of the central European country and other allies to Ukraine over the past year, according to the report. On Wednesday, he will consult with Duda and other leaders of the Bucharest Nine, a group of the easternmost members of NATO military alliance, it added.
The Ukraine-Russia conflict, the most significant war in Europe since World War II, has already left tens of thousands dead, devastated Ukraine's infrastructure system and damaged the global economy.