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 largely flat amid mixed cues across global markets. Investors weighed earnings optimism against the possibility of a prolonged period of steep hikes in benchmark interest rates, as they tracked Russian President Vladimir Putins speech closely following US President Joe Bidens surprise visit to Ukraine.
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.
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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
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.
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.
Share Market LIVE Update | Jeweller Joyalukkas withdraws Rs 2,300-crore IPO
Joyalukkas has withdrawn its Rs 2,300 crore ($278 million) IPO, according to a document on market regulator Sebi's website.
Stock Market LIVE Today | Cummins shares trade ex-dividend
Cummins India shares decline by as much as two per cent to Rs 1,582 apiece on BSE as the stock goes ex-dividend. On February 8, the engineering company announced an interim dividend of Rs 12 per share.
Stock Market LIVE Today | NTPC, Tata Steel, PowerGrid, Larsen & Toubro top Sensex gainers
On the other hand, Sun Pharma, Wipro, Bajaj Finserv, Asian Paints and Tata Motors are the worst hit among the 13 laggards in the 30-scrip basket.
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Stock Market LIVE Today | Ujjivan Small Finance Bank declares dividend of Re 0.75 per share
Ujjivan Small Finance Bank shares rise 2.7 per cent to Rs 28.1 apiece at the strongest level of the day after the dividend announcement.
Stock Market Tips LIVE | Shivangi Sarda recommends buying Tech Mahindra, Siemens shares
Shivangi Sarda of Motilal Oswal Financial Services shares two stock picks with Zee Business viewers:
- Buy Tech Mahindra for a target of Rs 1,190 with a stop loss at Rs 1,120
- Buy Siemens for a target of Rs 3,420 with a stop loss at Rs 3,220
Stock Market LIVE Today | Uflex shares hit 52-week low
Read more on Uflex income tax raid
Stock Market Tips LIVE | Hemang Jani recommends buying Finolex Cables
Hemang Jani of Motilal Oswal Financial Services suggests going long on Finolex Cables for a target of Rs 760 with a perspective of 3-6 months.
Finolex Cables shares have rewarded investors with a return of 22.7 per cent in the past one month alone. To put it into perspective, the Nifty50 benchmark has declined 1.2 per cent during this period.
Stock Market LIVE Today | Adani Transmission, Adani Green, Adani Total locked in 5% lower circuit
Stock Symbol Change (%) CMP Adani Transmission ADANITRANS -5 830.3 Adani Green Energy ADANIGREEN -5 567.7 Adani Total Gas ATGL -5 878.9 ACC ACC 0.5 1,858.8 Adani Enterprises ADANIENT 0.8 1635 Adani Wilmar AWL 2 438.2 Adani Ports and Special Economic Zone ADANIPORTS 2.1 592.1 NDTV NDTV 2.8 215 Ambuja AMBUJACEM 3 363.8 Adani Power ADANIPOWER 5 171.2 Stock Market LIVE Today | Hindustan Unilever, HDFC twins, NTPC top boosts for Sensex
Here's a look at top movers and shakers of the 30-scrip gauge at this hour:
Stock Market LIVE Today | Ujjivan Small Finance Bank shares hold on to the green; board to consider dividend today
Ujjivan Small Finance Bank shares rise 1.6 per cent to Rs 27.8 apiece at the strongest level of the day so far.
Stock Market LIVE Today | Uflex shares tank as income tax authorities search company's Noida office
Stock Market Tips LIVE | Sumeet Bagadia recommends selling Aurobindo Pharma shares
In an interaction with Zee Business Managing Editor Anil Singhvi, Sumeet Bagadia of Choice Broking recommends selling Aurobindo Pharma shares for targets of Rs 455 and Rs 445 with a stop loss at Rs 473.
Stock Market LIVE Today | Sensex rises over 150 pts, Nifty50 tests 17,900
Both headline gauges gain as much as 0.3 per cent in the first 15 minutes of trade. The Sensex rises 159.5 points to touch 60,851.1 at the strongest level of the day so far, and the Nifty50 climbs to as high as 17,905.9, up 61.3 points from its previous close.
Here's how the intraday charts are building up for both indices:
Sensex
Nifty50
Asian shares largely lower ahead of FOMC minutes; rate hike worries persist
Equities in most other major Asian markets are looking weak this morning as the prospect of the Fed having to stay on its hawkish path weighs on sentiment. Investors await the release of the minutes of the latest FOMC meeting for more clarity on the future course of interest rates.
MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.6 per cent at this hour.
Here's what some of the main indices in the region look like:
- Japan's Nikkei 225: down 0.1 per cent
- China's Shanghai Composite: up 0.1 per cent
- Hong Kong's Hang Seng: down one per cent
- Singapore's Straits Times: down 0.1 per cent
- South Korea's KOSPI: up 0.1 per cent
Stock Market LIVE Today | Sensex up 79 pts, Nifty50 above 17,900 in pre-opening trade
Both headline indices finish the pre-opening session with mild gains. The Sensex rises 78.9 points or 0.1 per cent to 60,770.4 and the Nifty50 climbs to as high as 17,905.8, up 61.2 points or 0.3 per cent from its previous close.
Anil Singhvi Market Strategy | Support for Nifty50 likely at 17,750-17,800 levels
Zee Business Managing Editor Anil Singhvi expects a strong buy zone for the Nifty50 benchmark in the 17,650-17,725 band.
For the Nifty Bank, he sees support coming in at 40,375-40,525 levels followed by a strong base in the 40,075-40,175 band.
Read more on how Anil Singhvi views the market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on Bharti Airtel, NMDC, Voltas, Asian Paints, Patanjali, 15 other stocks
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today.
Varun Dubey recommends buying Voltas shares for a target of Rs 900 with a stop loss at Rs 865
Kushal Gupta suggests buying Asian Paints shares for a six-month target of Rs 3,150
FIIs net sold Indian shares worth Rs 159 crore on Monday
Foreign institutional investors net offloaded Indian equities to the tune of Rs 159 crore on Monday — a second straight day of net outflow for Dalal Street, according to provisional exchange data.
Domestic institutional investors, on the other hand, made net purchases of Rs 86.2 crore on Monday following net sales of Rs 85.3 crore on Friday, according to the data.
Stock Market Tips LIVE | From Tata Motors to Hindalco to Voltas to Sona BLW Precision to gold futures — top trading calls for today
Here's a list of some of the top trading picks for today's session:
Ruchit Jain recommendations
- Buy Nifty50 futures at 17,800 for a target of 17,920 with a stop loss at 17,730
- Buy Tata Motors for a target of Rs 460 with a stop loss at Rs 429
- Buy Hindalco for a target of Rs 447 with a stop loss at Rs 425
Ajay Kedia recommendations
- Sell gold futures (April) at Rs 56,400 for a target of Rs 56,000 with a stop loss at Rs 56,600
- Sell silver futures (March) at Rs 66,000 for a target of Rs 65,200 with a stop loss at Rs 66,500
- By crude oil futures (February) at Rs 6,380 for a target of Rs 6,550 with a stop loss at Rs 6,280
- Buy copper futures (February) at Rs 776 for a target of Rs 785 with a stop loss at Rs 772
- Buy zinc futures (February) at Rs 274 for a target of Rs 278 with a stop loss at Rs 270
Choice Broking recommendations
Buy Sona BLW Precision Forgings (SONACOMS) in the cash segment at Rs 472 for a target of Rs 498 with a stop loss at Rs 455
Centrum Broking
Buy Voltas for a target of Rs 901 with a stop loss at Rs 858
Anand Rathi
Buy Firstsource Solutions shares for a target of Rs 124 with a stop loss at Rs 116
Sensex, Nifty50 extended losses to a second straight session on Monday dragged by financial, oil & gas, FMCG shares
Indian equity benchmarks Sensex and Nifty50 finished a volatile session in the red on Monday, extending losses to a second back-to-back trading session, amid weakness in financial, oil & gas and FMCG shares though strength in IT stocks lent some support.
Both headline indices declined half a per cent for the day, with the Sensex losing 311 points to 60,691.5 and the Nifty50 settling at 17,844.6, down 99.6 pts from its previous close.
Here's how the indices moved through the day:
Sensex
SGX Nifty futures barely in the green amid choppy trade
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are up 14.5 points or 0.1 per cent at 17,879.5 at this hour, having broadly gyrated within the 17,850-17,900 band around the flatline earlier in the day.
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