Share Market HIGHLIGHTS: Sensex ends 376 pts higher, Nifty50 reclaims 22,000 as D-Street extends gains to 4th day in a row
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished higher for the fourth session in a row on Friday, February 16, mirroring gains across global markets. Buying in auto and IT stocks, along with select financial shares, led the upmove in the market, whereas oil & gas counters limited the upside.
Investors awaited the last leg of corporate earnings for domestic cues.
Meanwhile, here are some of the stocks that made headlines on February 16:
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Entero Healthcare shares debut on Dalal Street; here's what experts recommend
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SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
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Stocks to buy: Titan, Polycab, UBL among analysts' top picks
Catch all the highlights of the February 16 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 finished higher for the fourth session in a row on Friday, February 16, mirroring gains across global markets. Buying in auto and IT stocks, along with select financial shares, led the upmove in the market, whereas oil & gas counters limited the upside.
Investors awaited the last leg of corporate earnings for domestic cues.
Meanwhile, here are some of the stocks that made headlines on February 16:
-
Entero Healthcare shares debut on Dalal Street; here's what experts recommend
-
SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
-
Stocks to buy: Titan, Polycab, UBL among analysts' top picks
Catch all the highlights of the February 16 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: Broad indices Nifty Midcap 100, Nifty Smallcap 100 rise 0.6%
| Index | Feb 16 close | Change (%) |
| NIFTY 500 | 20,164.90 | 0.64 |
| NIFTY MIDCAP 100 | 49,131.95 | 0.64 |
| NIFTY SMALLCAP 100 | 16,194.00 | 0.55 |
The Nifty 500, NSE's broadest index, ends 0.6 per cent higher.
Market breadth favoured the bulls, with 13 stocks rising against every 10 falling at the close on BSE.
Share Market Today LIVE: Wipro, SBI Life, M&M rise most among 38 Nifty gainers; Sun Pharma, Kotak Mahindra Bank top losers
Top Nifty gainers
| Index | Feb 16 close | Change (%) |
| WIPRO | 541.95 | 4.52 |
| SBILIFE | 1,514.00 | 4.17 |
| M&M | 1,838.00 | 4.13 |
| ADANIPORTS | 1,310.10 | 3.4 |
| BAJAJ-AUTO | 8,344.00 | 2.72 |
| LT | 3,382.80 | 2.5 |
| TATAMOTORS | 938.4 | 1.94 |
| MARUTI | 11,298.65 | 1.88 |
| HEROMOTOCO | 4,898.90 | 1.7 |
| TATACONSUM | 1,148.95 | 1.55 |
Top Nifty losers
| Index | Feb 16 close | Change (%) |
| SUNPHARMA | 1,507.55 | -0.16 |
| KOTAKBANK | 1,735.00 | -0.24 |
| ASIANPAINT | 3,007.00 | -0.32 |
| AXISBANK | 1,068.00 | -0.39 |
| APOLLOHOSP | 6,600.00 | -0.42 |
| NTPC | 337.4 | -0.55 |
| RELIANCE | 2,925.00 | -0.55 |
| SBIN | 757.35 | -0.57 |
| BRITANNIA | 4,922.00 | -0.58 |
| POWERGRID | 274.5 | -2.54 |
Share Market Today: Nifty Auto, Nifty Pharma, Nifty Realty, Nifty IT rise most among NSE's sectoral indices; Nifty Oil & Gas top loser, down 0.6%
| Index | Feb 16 close | Change (%) |
| NIFTY AUTO | 20,423.45 | 2.21 |
| NIFTY PHARMA | 18,870.80 | 1.63 |
| NIFTY REALTY | 882.7 | 1.53 |
| NIFTY IT | 38,477.05 | 1.26 |
| NIFTY HEALTHCARE INDEX | 12,039.05 | 1.12 |
| NIFTY MEDIA | 2,164.80 | 0.99 |
| NIFTY METAL | 7,976.45 | 0.83 |
| NIFTY PRIVATE BANK | 23,240.90 | 0.81 |
| NIFTY CONSUMER DURABLES | 31,437.85 | 0.51 |
| NIFTY FMCG | 53,518.60 | 0.37 |
| NIFTY BANK | 46,384.85 | 0.36 |
| NIFTY FINANCIAL SERVICES | 20,472.75 | 0.28 |
| NIFTY PSU BANK | 7,135.00 | -0.36 |
| NIFTY OIL & GAS | 11,854.10 | -0.61 |
Share Market Today: Sensex ends 376 pts higher, Nifty50 leaps to 22,041 as market rises for 4th day in a row
Larsen & Toubro, Infosys, HDFC Bank top contributors to Sensex gain; RIL, Power Grid, Axis Bank play spoilsport
Image: BSEIndia.com
Share Market Today LIVE: SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
SBI shares are up 1.2 per cent at Rs 770.8, having registered a record high of Rs 774.7 apiece earlier in the day.
On Friday, State Bank of India chairman Dinesh Khara said the lender is in talks with the Reserve Bank of India to reduce the cash reserve ratio requirement on green deposits.
The bank announced the scheme last month. The scheme, a first in the domestic banking space, is aimed at attracting long-term retail deposits to be used only to fund green transition projects or climate-friendly projects.
Share Market Today LIVE: Aurobindo Pharma stock holds on to the green after US FDA gives clean chit to its Telangana unit
Aurobindo Pharma shares are up 1.9 per cent at Rs 1,037.4 apiece on BSE at this hour, having risen to as high as Rs 1,054 earlier in the day.
Image: BSEIndia.com
Share Market Today LIVE: US drug regulator gives clean chit to Aurobindo Pharma for its Telangana unit
Aurobindo Pharma receives a clean chit from the US Food and Drug Administration (FDA) after the US regulator completes inspection at the pharmaceutical company's plant in Telangana.
The American regulator began its probe on February 12.
Share Market Today LIVE: SpiceJet shares zoom 13% after DGCA data
SpiceJet shares strengthen by as much as Rs 8.3, or 13 per cent, to Rs 71.9 apiece on BSE.
Image: BSEIndia.com
On Thursday, data from civil aviation regulator DGCA showed the low-cost carrier managed to hold on to its market share of 5.6 per cent in January.
Share Market Today LIVE: Analysts betting big on HDFC Bank shares
HDFC Bank shares turn flat after registering mild gains in the morning. The index heavyweight is barely in the red at this hour, trading at Rs 1,412.5 apiece on BSE.
The stock has gained some ground after its Q3 earnings led to a fall of about eight per cent in its stock.
Several foreign brokerages are upbeat on the counter.
Morgan Stanley has maintained its 'overweight' rating on HDFC Bank with a target of Rs 2,110 per share, which implies an upside of more than 49 per cent from the previous close.
Image: Reuters
Share Market Today LIVE: Entero Healthcare Solutions shares at over 4% discount to issue price
Entero Healthcare Solutions (ENTERO) shares, which debuted in the secondary market at 10 am, face selling pressure, trading at Rs 1,204.8 and Rs 1,203.7 apiece on BSE and NSE, respectively.
Share Market Today LIVE: BPCL shares hit record high after Jefferies raises target price
BPCL shares rise as much as 5.4 per cent to register an all-time high of Rs 687.7 apiece on BSE.
The record high in the state-run OMC stock comes on the back of an upgrade by Jefferies.
The brokerage has upgraded BPCL to 'buy' from 'underperform' and raised its target to Rs 890 from Rs 415 per share.
Image: Reuters
Share Market Today LIVE: Gujarat Gas shares slump after gas distributor's weak Q3 results
Gujarat Gas shares fall sharply as several brokerages remain bearish on the stock after the gas distribution company's weak quarterly results. The Gujarat Gas stock drops as much as 6.2 per cent to Rs 545 apiece on BSE.
After market hours on Thursday, the gas distributor reported a 26 per cent quarter-on-quarter fall in standalone profit after tax (PAT) to Rs 220 crore for the October-December period. Its revenue from operations increased 2.2 per cent sequentially to Rs 3,929 crore for the fiscal third quarter.
Zee Business analysts had pegged the gas distribution firm’s December-quarter net profit at Rs 283 crore and revenue of Rs 4,030 crore.
Share Market Today LIVE: Tata Motors shares approach record high
Tata Motors shares gain by as much as Rs 28.3, or 3.1 per cent, at Rs 948.5 apiece, gaining for a third straight day and trading within inches of a record high of Rs 949.6 apiece touched on February 5.
The Tata group is a potential spin-off of its battery business, as the conglomerate expands its foray in the country’s renewable energy and EV sectors, according to a report by news agency Bloomberg citing people familiar with the matter.
Image: BSEIndia.com
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