Share Market HIGHLIGHTS: Sensex ends 523 pts lower, Nifty slides to 21,616 dragged by financial stocks; Coal India shares plunge 5% ahead of Q3 results today
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished a volatile session about three-quarters of a percentage point lower on Monday, February 12, amid mixed global cues. Analysts awaited more earnings reports from India Inc for domestic cues. Catch all the highlights of the February 12 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex gave up initial gains, amid selling pressure in financial and oil & gas shares, to finish about three-quarters of a percentage point lower on Monday, February 12, amid mixed signals from global markets. Analysts awaited more earnings reports from India Inc for domestic cues.
Catch all the highlights of the February 12 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today LIVE: Nifty Midcap 100 settles 2.5% lower; Nifty Smallcap 100 down 4%
Index Feb 12 close Change (%) NIFTY 500 19,675.20 -1.43 NIFTY MIDCAP 100 47,675.80 -2.48 NIFTY SMALLCAP 100 15,617.05 -4.01 The Nifty 500, the broadest index on the bourse, finishes 1.4 per cent lower.
Share Market Today: Coal India, Hero MotoCorp, BPCL, ONGC, Tata Steel worst hit among 34 Nifty laggards; Dr Reddy's top gainer, up 2.7%
Top Nifty50 gainers
Stock Feb 12 close Change (%) DRREDDY 6,321.00 2.68 APOLLOHOSP 6,604.70 2.6 DIVISLAB 3,735.50 2.28 WIPRO 501.15 2.18 HCLTECH 1,659.40 1.77 M&M 1,661.60 0.92 EICHERMOT 3,873.95 0.86 LTIM 5,500.05 0.86 BAJAJ-AUTO 7,824.95 0.52 INFY 1,677.20 0.47 Top Nifty50 losers
Stock Feb 12 close Change (%) COALINDIA 434.3 -4.8 HEROMOTOCO 4,699.05 -4.27 BPCL 590.4 -3.89 ONGC 257.75 -3.66 TATASTEEL 137.5 -2.69 NTPC 316.25 -2.66 SBIN 707 -2.52 INDUSINDBK 1,452.40 -2.28 ITC 406.8 -2.09 ADANIPORTS 1,249.85 -1.7 Share Market Today: Nifty Media, Nifty PSU Bank, Nifty Realty worst hit among NSE's sectoral gauges, down 3-4.5%
Index Feb 12 close Change (%) NIFTY MEDIA 2,094.05 -4.46 NIFTY PSU BANK 6,637.05 -4.43 NIFTY REALTY 849.95 -2.97 NIFTY OIL & GAS 11,239.05 -2.62 NIFTY METAL 7,901.65 -2.4 NIFTY PRIVATE BANK 22,532.70 -1.66 NIFTY BANK 44,882.25 -1.65 NIFTY FINANCIAL SERVICES 19,918.50 -1.41 NIFTY FMCG 53,292.95 -1.07 NIFTY CONSUMER DURABLES 30,756.20 -0.88 NIFTY AUTO 19,419.60 -0.8 NIFTY PHARMA 18,669.55 0.28 NIFTY HEALTHCARE INDEX 11,962.85 0.54 NIFTY IT 37,998.00 0.79 The IT index, on the other hand, bucked the overall negative trend among sectoral gauges, finishing with a gain of 0.8 per cent, led by HCL Tech, Wipro and Infosys.
Image: Niftyindices.com
Share Market Today LIVE: Sensex ends 523 pts lower, Nifty slides to 21,616; Coal India top blue-chip loser, drops 5%
Share Market Today LIVE: Buy Accelya Solutions shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends going long on Accelya Solutions India shares for a target of Rs 1,900 with a stop loss at Rs 1,790.
Accelya Solutions shares have grown 53 per cent in value in the past year, outperforming a 22 per cent rise in the headline Nifty50 index.
Image: BSEIndia.com
Share Market Today LIVE: HAL shares remain under pressure after Q3 earnings
HAL shares remain below the flatline, trading 3.4 per cent lower for the day at Rs 2,865.9 apiece on BSE. Earlier in the day, the stock fell as much as 4.3 per cent to Rs 2,837.7 apiece on BSE.
Share Market Today LIVE: HAL Q3 profit up 9% at Rs 1,261 crore, better than analysts' expectations; shares remain under pressure
Aerospace and defence company Hindustan Aeronautics Ltd (HAL) reports a 9.2 per cent year-on-year increase in consolidated net profit to Rs 1,261.4 crore for the October-December period, over growth of 7.0 per cent in revenue to Rs 6,061.3 crore for the fiscal third quarter.
The company's board declares a dividend of Rs 22 per share with a record date of February 20.
The Bengaluru-headquartered PSU's margin, a key measure of profitability, improves by 630 basis points on a year-on-year basis to 23.7 per cent. Read more on HAL Q3 earnings | HAL dividend
Share Market Today LIVE: Newly-listed Apeejay Surrendra Park Hotels shares command 33% premium over issue price
Apeejay Surrendra Park Hotels shares, which debuted in the secondary market at 10 am today, are quoting at Rs 206.1 apiece and Rs 206.4 apiece on BSE and NSE, respectively, a premium of about 33 per cent over the upper end of the issue price range.
Share Market Today LIVE: Should you buy LIC, Divi's Labs, Bandhan Bank, Tata Power shares today? Here is what brokerages suggest
- JPMorgan retains an 'overweight' rating on Life Insurance Corporation (LIC) shares with a target of Rs 1,340 per share
- Goldman Sachs maintains a 'neutral' rating on Divi's Laboratories with a target price of Rs 3,670 per share
- Macquarie keeps an 'outperform' call on Aurobindo Pharma with a target of Rs 1,300
Share Market Today LIVE: Broader indices Nifty Midcap 100, Nifty Smallcap 100 down 2-3%
INDEX CURRENT Change (%) NIFTY 500 19,706.70 -1.28 NIFTY SMALLCAP 100 15,743.15 -3.23 NIFTY MIDCAP 100 47,931.85 -1.96 The Nifty 500, the broadest index on NSE, is down 1.3 per cent at this hour.
Share Market Today LIVE: Most NSE sectoral indices in the red; Nifty Media, Nifty PSU Bank, Nifty Realty worst hit; Nifty IT bucks trend, up 1%
INDEX CURRENT Change (%) NIFTY MEDIA 2,112.45 -3.62 NIFTY PSU BANK 6,699.55 -3.53 NIFTY REALTY 853.05 -2.61 NIFTY OIL & GAS 11,275.15 -2.31 NIFTY PRIVATE BANK 22,428.80 -2.12 NIFTY BANK 44,714.90 -2.02 NIFTY METAL 7,933.85 -2 NIFTY FINANCIAL SERVICES 19,855.65 -1.72 NIFTY FMCG 53,301.60 -1.05 NIFTY CONSUMER DURABLES 30,739.30 -0.93 NIFTY AUTO 19,528.50 -0.24 NIFTY PHARMA 18,629.55 0.07 NIFTY HEALTHCARE INDEX 11,927.70 0.25 NIFTY IT 38,102.00 1.07 Market Today LIVE: Sovereign Gold Bond scheme open for subscription at Rs 6,263 per unit
Sovereign Gold Bonds are now available for subscription till Friday, February 16. The current tranche is available at Rs 6,263 per gram.
Share Market Today LIVE: Buy PIX Transmissions shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart has a 'buy' call on PIX Transmissions shares at current levels for a short-term target of Rs 1,400 with a stop loss at Rs 1,280. PIX Transmissions is strong company from a fundamental perspective, says Sethi.
PIX Transmissions shares have rewarded investors with a return of 69.5 per cent in the past year, sharply outperforming a 22 per cent gain in the headline Nifty50 index.
Share Market Today LIVE: Divi's shares hold on to the green after Q3 results
Divi's Labs shares gain by as much as Rs 171.7, or 4.7 per cent, to Rs 3,822.7 apiece on BSE.
Image: BSEIndia.com
On Saturday, the pharma company reported a 17 per cent increase in consolidated net profit to Rs 358 crore over revenue growth of 8.6 per cent to Rs 1,855 crore for the October-December period.
The drug maker's margin improved by 250 bps on a year-on-year basis to 26.4 per cent.
The earnings, however, fell short of Zee Business analysts' expectations.
Zee Business analysts had pegged Divi's Labs' third-quarter net profit at Rs 410 crore, revenue at Rs 1,994 crore and margin at 28 per cent.
Share Market Today LIVE: Sell PFC futures, says Jay Thakkar
Jay Thakkar of ICICI Securities suggests investors sell Power Finance Corp futures for targets of Rs 398 and Rs 383 with a stop loss at Rs 423.
Share Market Today LIVE: ONGC shares under pressure after oil & gas explorer's Q3 results fall short of analysts' expectations
ONGC shares weaken by as much as Rs 10, or 3.7 per cent, to Rs 257 apiece on BSE.
On Saturday, the company reported a 6.7 per cent quarter-on-quarter decline in standalone net profit to Rs 9,535.7 crore for the October-December period.
Its third-quarter revenue contracted 1.1 per cent sequentially to Rs 34,788 crore, and margin shrank by 290 basis points to 49.3 per cent.
Zee Business analysts had estimated ONGC's third-quarter net profit at Rs 10,151 crore, revenue at Rs 36,730 crore and margin at 51.6 per cent.
Share Market Today LIVE: Why Goldman Sachs is bearish on the stock despite decent Q3 results
Goldman Sachs has a bearish view on Hero MotoCorp after the motorcycle maker's strong quarterly performance, citing disruption risk in the core segment and elevated valuations.
The brokerage has raised its target price for the stock to Rs 3,730 from Rs 3,260. The target implies a downside of 24 per cent from the previous close.
Goldman Sachs points out that Hero MotoCorp posted in-line results, and seeks market share to pick up in the ICE and electric vehicle spaces.
Share Market Today LIVE: Hero MotoCorp shares tumble
Hero MotoCorp shares weaken by as much as Rs 212, or 4.3 per cent, to Rs 4,696.5 apiece on BSE.
Share Market Today LIVE: What brokerages make of Hero MotoCorp after auto maker's strong Q3 show
Brokerage Rating Target Target vs Feb 9 close Jefferies Buy Raised to Rs 5,650 from Rs 5,325 15.1% CLSA Outperform Raised to Rs 5,264 from Rs 4,964 7.2% JPMorgan Overweight Raised to Rs 5,180 from Rs 4,950 5.5% Goldman Sachs Sell Raised to Rs 3,730 from Rs 3,260 -24% Morgan Stanley Underweight Raised to Rs 3,638 from Rs 2,874 -25.9% Share Market Today LIVE: Tata Power shares fall 6% after Tata group power generator reports worse-than-expected Q3 revenue, margin
Tata Power shares fall by as much as Rs 24.1, or 6.1 per cent, to Rs 368 apiece on BSE, after the company reports a mixed set of quarterly results for the October-December period.
Tata Power reported its financial results post-market hours on Friday. Its quarterly net profit increased 0.8 per cent to Rs 953 crore, revenue grew 3.7 per cent to Rs 14,651 crore, and margin improved by 10 basis points to 16.5 per cent.
Zee Business analysts had estimated the Tata group firm's quarterly net profit at Rs 865 crore, revenue at Rs 15,700 crore and margin at 18.22 per cent.
Read more on Tata Power shares
Share Market Today LIVE: Aurobindo Pharma shares jump 4% after drug maker posts better-than-expected Q3 profit, margin
Aurobindo Pharma shares gain by as much as Rs 36.8, or 3.7 per cent, to Rs 1,038.8 apiece on BSE.
During the weekend, the pharmaceutical company reported a mixed set of earnings for the October-December period.
Aurobindo Pharma registered a 91 per cent year-on-year increase in consolidated net profit to Rs 940 crore and 15 per cent growth in revenue to Rs 7,352 crore for the December quarter, according to a regulatory filing.
Its margin improved by 690 basis points on a year-on-year basis to 21.8 per cent.
Zee Business analysts had pegged Aurobindo Pharma's second-quarter net profit at Rs 904 crore, revenue at Rs 7,421 crore, and margin at 21 per cent.
Share Market Today LIVE: Cochin Shipyard shares trade ex-dividend
Cochin Shipyard shares fall by as much as Rs 63.5, or 7.2 per cent, to Rs 819.3 apiece on BSE, as the PSU stock goes ex-dividend.
Earlier, the state-run firm had announced a second interim dividend for the current financial year.
Share Market Today LIVE: Apeejay Surrendra Park shares list at 21% premium over issue price
The stock makes a stellar entry into the listed space, debuting at Rs 187 apiece on BSE, a premium of 20.6 per cent over the upper end of the issue price range.
Apeejay Surrendra Park shares begin their journey on NSE at Rs 186 apiece, a premium of 20 per cent.
Read more on Apeejay Surrendra Park listing here
Share Market Today LIVE: Apeejay Surrendra Park shares to enter listed universe shortly
Share Market Today LIVE: Reliance, SBI, ITC, ICICI Bank weigh on headline indices
Here's a look at the top movers in the 30-scrip basket at this hour:
Image: BSEIndia.com
Share Market Today LIVE: Buy Nifty at 21,525-21,625, Nifty Bank at 44,850-45,025, says market wizard Anil Singhvi
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,650-21,725 levels and a strong buy zone at 21,525-21,625 levels today. For the Nifty Bank, he expects support to come in at 45,375-45,525 levels and a strong buy zone at 44,850-45,025 levels.
Read more on how market guru Anil Singhvi views stock market today
Share Market Today LIVE: Sensex rises over 100 pts, Nifty tests 21,825 led by IT, metal stocks
Both headline indices rise as much as 0.2 per cent within the first few minutes of trade. The 30-scrip index gains as much as 126.8 points to touch 71,722.3 on the upside and the Nfity50 climbs to as high as 21,825.1, up 42.6 points from its previous close.
Share Market Today LIVE: Sensex up 127 pts in pre-open market
The 30-scrip index settles in the pre-opening session with a gain of 126.8 points, or 0.2 per cent, at 71,722.3.
Share Market Today LIVE: GIFT Nifty futures up over 50 pts, suggest a positive start ahead on Dalal Street
GIFT Nifty futures, an early indicator of the benchmark Nifty50 index, are up 67.4 points, or 0.3 per cent, at 21,910 at this hour, suggesting a positive start ahead on Dalal Street.
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