Share Market HIGHLIGHTS: Sensex ends 278 pts higher, Nifty50 reclaims 21,800 as financial, auto shares aid recovery on Dalal Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex managed to finish a volatile session higher on Wednesday, February 14, after a worse-than-expected US inflation reading sent the three main Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, tumbling more than one per cent each. Gains in financial, auto and oil & gas shares aided the intraday recovery on Dalal Street, though losses in IT counters limited the upside, after both Dalal Street gauges began the day about three-quarters of a percentage point lower.
The US inflation data, pushing back market expectations of imminent interest rate cuts in the world's largest economy, came days after official data showed inflation in India cooled to a three-month low in January.
Meanwhile, investors awaited more earnings reports from India Inc for domestic cues. Key factors behind Wednesday's fall on Dalal Street
Catch all the 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, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex managed to finish a volatile session higher on Wednesday, February 14, after a worse-than-expected US inflation reading sent the three main Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, tumbling more than one per cent each. Gains in financial, auto and oil & gas shares aided the intraday recovery on Dalal Street, though losses in IT counters limited the upside, after both Dalal Street gauges began the day about three-quarters of a percentage point lower.
The US inflation data, pushing back market expectations of imminent interest rate cuts in the world's largest economy, came days after official data showed inflation in India cooled to a three-month low in January.
Meanwhile, investors awaited more earnings reports from India Inc for domestic cues. Key factors behind Wednesday's fall on Dalal Street
Catch all the 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, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on Dalal Street
For all other news related to business, politics, tech and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market Today: Nifty Midcap 100, Nifty Smallcap 100 indices rise over 1%
| Index | Feb 14 close | Change (%) |
| NIFTY 500 | 19,922.30 | 0.7 |
| NIFTY MIDCAP 100 | 48,331.90 | 1.04 |
| NIFTY SMALLCAP 100 | 15,896.05 | 1.61 |
The Nifty 500, the broadest index on the bourse, gains 0.7 per cent for the day.
Share Market Today: Nifty PSU Bank, Nifty Oil & Gas top gainers among NSE's sectoral indices; Nifty IT top laggard, down 1.1%
The IT index finishes 1.1 per cent lower, dragged by stocks such as TCS, Infosys and Tech Mahindra.
| Index | Feb 14 close | Change (%) |
| NIFTY PSU BANK | 6,934.15 | 3.24 |
| NIFTY OIL & GAS | 11,639.85 | 3.1 |
| NIFTY MEDIA | 2,146.00 | 2.51 |
| NIFTY METAL | 7,874.80 | 1.77 |
| NIFTY AUTO | 19,716.00 | 1.46 |
| NIFTY REALTY | 861 | 1.25 |
| NIFTY BANK | 45,908.30 | 0.89 |
| NIFTY FMCG | 53,839.05 | 0.76 |
| NIFTY FINANCIAL SERVICES | 20,325.55 | 0.67 |
| NIFTY PRIVATE BANK | 22,983.20 | 0.51 |
| NIFTY CONSUMER DURABLES | 31,115.90 | 0.5 |
| NIFTY PHARMA | 18,584.35 | -0.9 |
| NIFTY HEALTHCARE INDEX | 11,951.10 | -0.94 |
| NIFTY IT | 37,775.40 | -1.12 |
Share Market Today: BPCL, SBI, ONGC, Coal India, Tata Steel rise most among 35 Nifty gainers
Top Nifty50 gainers
| Stock | CMP | Change (%) |
| BPCL | 626.95 | 7.3 |
| SBIN | 743 | 4.14 |
| ONGC | 269.15 | 3.72 |
| COALINDIA | 467.4 | 3.33 |
| TATASTEEL | 141.45 | 2.61 |
| BAJAJ-AUTO | 8,120.20 | 2.56 |
| AXISBANK | 1,097.00 | 2.45 |
| MARUTI | 11,040.00 | 2.27 |
| NTPC | 328.45 | 2.15 |
| HEROMOTOCO | 4,825.00 | 1.69 |
Top Nifty50 losers
| Stock | CMP | Change (%) |
| TECHM | 1,291.10 | -2.81 |
| CIPLA | 1,423.45 | -2.35 |
| DRREDDY | 6,253.00 | -1.3 |
| TCS | 4,106.00 | -1.05 |
| INFY | 1,666.80 | -1.05 |
| SBILIFE | 1,453.15 | -0.98 |
| SUNPHARMA | 1,527.85 | -0.93 |
| LTIM | 5,516.75 | -0.73 |
| HDFCBANK | 1,384.95 | -0.68 |
| HDFCLIFE | 586 | -0.6 |
Share Market Today LIVE: SBI, ITC, Maruti Suzuki among top contributors to Sensex rise
Take a look at the top contributors to the move in the 30-scrip index:
Image: BSEIndia.cmo
Share Market Today LIVE: Buy Nifty50 futures, targets 21,750, 21,800, says Nilesh Jain
Nilesh Jain of Centrum Broking suggests buying headline index futures for targets of 21,750 and 21,800 with a stop loss at 21,550.
He also suggests buying the futures of the banking index for a target of 46,000 with a stop loss at 44,900.
Share Market Today LIVE: SUV revenue share up 40 bps at 21% in Q3, says M&M
The share of SUVs in the auto major's revenue improves by 40 basis points to 21.0 per cent in Q3.
Its overall market share expands by 310 basis points to 49.6 per cent.
M&M's electric three-wheeler volumes rise 54 per cent.
Share Market Today LIVE: Buy ONGC shares, says Nilesh Jain
Nilesh Jain of Centrum Broking recommends buying ONGC shares for targets of Rs 270 and Rs 275 with a stop loss at Rs 261.
ONGC shares have grown 81 per cent in value in the past year, higher than gains to the tune of 22 per cent and 63 per cent in the Nifty50 and Nifty Oil & Gas gauges, respectively.
Image: BSEIndia.com
Share Market Today LIVE: Mahindra & Mahindra Q3 profit at Rs 2,454 crore; shares remain in the green
Mahindra & Mahindra (M&M) reports a net profit of Rs 2,454 crore for the quarter ended December 31, 2023, as against a net profit of Rs 1,528 crore for the corresponding period a year ago.
Its revenue grows 14.4 per cent on a year-on-year basis to Rs 25,290 crore, and EBITDA expands 9.7 per cent to Rs 3,590 crore, according to a regulatory filing.
M&M shares are holding on firmly to the green minutes into the earnings announcement, up 1.3 per cent for the day at Rs 1,667.6 apiece on BSE.
Image: BSEIndia.com
Share Market Today LIVE: Buy Astral Ltd shares, says Nilesh Jain
Nilesh Jain of Centrum Broking has a 'buy' call on Astral Ltd shares.
Jain has placed his targets for the stock at RS 1,980 and Rs 2,020 with a stop loss at Rs 1,895.
Share Market Today LIVE: Nifty IT down 1.9%, dragged TCS, Infosys Tech Mahindra
The IT index is the worst hit among NSE's sectoral gauges at this hour. On the other hand, the Nifty Oil & Gas is the top gainer, with a rise of two per cent.
|
CMP | Change (%) | |
| NIFTY IT | 37,482.90 | -1.89 | |
| NIFTY HEALTHCARE INDEX | 11,856.60 | -1.72 | |
| NIFTY PHARMA | 18,446.00 | -1.64 | |
| NIFTY CONSUMER DURABLES | 30,841.45 | -0.38 | |
| NIFTY FINANCIAL SERVICES | 20,158.65 | -0.16 | |
| NIFTY PRIVATE BANK | 22,845.05 | -0.1 | |
| NIFTY FMCG | 53,429.70 | 0 | |
| NIFTY BANK | 45,556.75 | 0.12 | |
| NIFTY REALTY | 853.3 | 0.34 | |
| NIFTY AUTO | 19,534.60 | 0.52 | |
| NIFTY METAL | 7,792.70 | 0.71 | |
| NIFTY PSU BANK | 6,818.15 | 1.51 | |
| NIFTY MEDIA | 2,131.95 | 1.84 | |
| NIFTY OIL & GAS | 11,514.55 | 1.99 |
Share Market Today LIVE: NMDC shares near day's high as investors await Q3 earnings today
State-run iron ore producer National Mineral Development Corporation's shares are trading higher by Rs 5.1, or 2.3 per cent, at Rs 231.8 apiece on BSE, having risen by as much as Rs 5.3, or 2.3 per cent, to Rs 232 apiece earlier in the day.
The company is all set to report its financial results for the October-December period (Q3 FY24) today.
Analysts expect the PSU to stage a strong performance on the back of price hikes undertaken by the company during the three-month period.
According to Zee Business research, NMDC is estimated to clock a 55 per cent year-on-year increase in standalone net profit to Rs 1,380 crore and growth of 38.2 per cent in revenue to Rs 5,142 crore for the fiscal third quarter.
Hyderabad-headquartered NMDC is expected to register earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 1,729 crore for the quarter ended December, as against Rs 1,144 crore for the year-ago period, according to Zee Business analysts.
)
Share Market Today LIVE: Paytm shares continue to bleed; is there any ray of hope in sight?
Paytm parent One97 Communications' shares are seeing more or less non-stop hammering, hitting the 10 per cent lower circuit to a record low of Rs 344.1 apiece.
Image: BSEIndia.com
Share Market Today LIVE: NBCC shares jump after state-run company stages good Q3 show
NBCC shares rise by as much as Rs 6.2, or 5.0 per cent, to Rs 130.8 apiece on BSE after the company reports a strong set of quarterly numbers.
The PSU's net profit increased 61 per cent over 13 per cent growth in revenue for the fiscal third quarter, according to a regulatory filing post-market hours on Tuesday.
NBCC's margin improved by 40 bps to 4.9 per cent for the December quarter.
Share Market Today LIVE: Wholesale inflation eases to 0.27 per cent in January from 0.73 the previous month
Wholesale or headline inflation—or the rate of increase in the wholesale prices of select goods and services—stood at 0.27 per cent in the country last month, according to official data. According to Zee Business research, wholesale inflation, also known as headline inflation and gauged by the Wholesale Price Index (WPI), was estimated at 0.53 per cent in January.
Wholesale food inflation cooled to 3.79 per cent last month from 5.39 per cent in December 2023, according to the Ministry of Commerce and Industry.