Share Market HIGHLIGHTS: Sensex ends 483 pts higher, Nifty reclaims 21,700; CIL, UPL top blue-chip gainers, soar up to 5%; Paytm plunges 10%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex rose on Tuesday, driven by buying interest in financial, IT and oil & gas shares though selling pressure in metal scrips limited the upside. The gain on Dalal Street came a day after official data showed consumer inflation in the country eased to a three-month low in January. Meanwhile, investors awaited more earnings reports from India Inc for domestic cues.
Catch all the highlights of the February 13 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 rose on Tuesday, driven by buying interest in financial, IT and oil & gas shares though selling pressure in metal scrips limited the upside. The gain on Dalal Street came a day after official data showed consumer inflation in the country eased to a three-month low in January. Meanwhile, investors awaited more earnings reports from India Inc for domestic cues.
Catch all the highlights of the February 13 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: Advance-decline ratio skewed in favour of bears on BSE
Four stocks rise against every five that fall on BSE.
The advance-decline ratio on the bourse stands at 4:5, as 1,716 stocks end higher while 2,136 scrips move lower for the day on the bourse.
Image: BSEIndia.com
Share Market Today: Nifty Bank, Nifty Private Bank, Nifty PSU Bank top losers among NSE's sectoral indices
The Nifty Metal bucks the trend, finishing the day with a loss of 2.1 per cent.
| Stock | Change (%) | CMP |
| NIFTY PRIVATE BANK | 1.48 | 22,866.85 |
| NIFTY BANK | 1.38 | 45,502.40 |
| NIFTY FINANCIAL SERVICES | 1.37 | 20,190.50 |
| NIFTY PSU BANK | 1.2 | 6,716.55 |
| NIFTY HEALTHCARE INDEX | 0.85 | 12,063.95 |
| NIFTY CONSUMER DURABLES | 0.66 | 30,959.70 |
| NIFTY IT | 0.54 | 38,204.00 |
| NIFTY PHARMA | 0.45 | 18,753.95 |
| NIFTY OIL & GAS | 0.45 | 11,289.65 |
| NIFTY FMCG | 0.26 | 53,432.05 |
| NIFTY AUTO | 0.07 | 19,433.05 |
| NIFTY REALTY | 0.05 | 850.4 |
| NIFTY MEDIA | -0.03 | 2,093.40 |
| NIFTY METAL | -2.07 | 7,737.85 |
Share Market Today: Broader indices Nifty Midcap 100, Nifty Smallcap 100 mirror gains in headline gauge
Stock |
Change (%) |
CMP |
| NIFTY 500 | 0.55 | 19,782.90 |
| NIFTY MIDCAP 100 | 0.34 | 47,835.65 |
| NIFTY SMALLCAP 100 | 0.17 | 15,643.75 |
The Nifty 500, the broadest index on NSE, ends 0.6 per cent higher for the day.
Share Market Today: Coal India, UPL, Axis Bank, ICICI Bank, HDFC Life rise most among 39 Nifty50 gainers; Hindalco, Grasim, Divi's, UltraTech, BPCL top laggards
Top Nifty gainers
| Stock | Change (%) | CMP |
| COALINDIA | 4.67 | 453 |
| UPL | 4.54 | 479.2 |
| AXISBANK | 2.28 | 1,070.60 |
| ICICIBANK | 2.25 | 1,018.55 |
| HDFCLIFE | 2.06 | 589.1 |
| WIPRO | 2 | 511.5 |
| APOLLOHOSP | 1.87 | 6,738.00 |
| SBILIFE | 1.78 | 1,461.55 |
| ADANIPORTS | 1.73 | 1,270.95 |
| NTPC | 1.5 | 320.9 |
Top Nifty50 losers
| Stock | Change (%) | CMP |
| HINDALCO | -12.53 | 509.45 |
| GRASIM | -3.67 | 2,068.55 |
| DIVISLAB | -1.07 | 3,700.00 |
| ULTRACEMCO | -1.04 | 9,860.00 |
| BPCL | -0.99 | 584.6 |
| TITAN | -0.7 | 3,560.00 |
| M&M | -0.63 | 1,650.00 |
| TATAMOTORS | -0.4 | 907.95 |
| DRREDDY | -0.13 | 6,325.00 |
| NESTLEIND | -0.12 | 2,456.00 |
Share Market Today: Sensex ends 483 pts higher, Nifty reclaims 21,700; CIL, UPL top blue-chip gainers, soar up to 5%; Paytm plunges 10%
The Sensex ends 482.7 points, or 0.7 per cent, higher at 71,555.2 and the Nifty50 settles at 21,743.3, up 127.2 points, or 0.6 per cent, from its previous close.
Nifty50
Sensex
Read more on the February 13 session
Share Market Today LIVE: How Macquarie views Paytm now
The brokerage factors in a 60-65 per cent decline in distribution revenues leading to an increase of 170 per cent and 40 per cent in loss estimates for Paytm over FY25E and FY26E respectively.
The brokerage has changed its methodology for Paytm from price/sales to fair value on normalised distribution business profits.
Under its earlier methodology, Macquarie says its valuation would have been Rs 225.
"We assume a 50 per cent cash burn (cash balance of Rs130/share) and 20x P/E multiple to normalised earnings from the distribution business. Our TP is based on assumption that PayTM remains a going concern. Our bull case scenario assumes ongoing partnership and limited scaledown from lending partners," analysts at the brokerage wrote in a research report dated February 12.
Share Market Today LIVE: Paytm remains locked in 10% lower circuit after Macquarie downgrade
Paytm parent One97 Communications' shares remain locked in the 10 per cent lower circuit at Rs 380.4 apiece on BSE.
Macquarie downgraded Paytm to 'underperform' from 'neutral' and reduced its target price for the stock sharply to Rs 275 from Rs 650, after RBI Governor Shaktikanta Das ruled out any review of the central bank's action against Paytm Payments Bank Ltd (PPBL), saying that its decisions were well thought out.
The foreign brokerage's target implies a downside of almost 35 per cent from the previous close.
Share Market Today LIVE: PSU bank stocks not cheap anymore; time to be selective, say experts
Most PSU bank stocks have rallied in the past year.
| Stock | One-year return (%) |
| PNB | 145 |
| IOB | 142 |
| Central Bank | 131 |
| PSB | 120 |
| Bank of Maharashtra | 112 |
| Canara Bank | 94 |
| Indian Bank | 76 |
| Bank of India | 66 |
| Bank of Baroda | 57 |
| SBI | 33 |
Analysts have listed the following reasons behind the stunning rally in the space:
- Banking reforms such as the establishment of bad banks to move the long-standing non-performing assets (NPA) out of the books
- Implementation of the Insolvency & Bankruptcy Code to help banks recover their debts
- Mergers have enabled several PSU banks to have a more focused approach towards operations
- Government's focus on long-term projects in infrastructure, power, and agriculture (banks have had a traditionally higher exposure in these sectors)
- Government's concentrated holding creates a supply-demand mismatch
Share Market Today LIVE: Buy Rail Vikas Nigam Ltd (RVNL) shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services has a 'buy' call on Rail Vikas Nigam Ltd (RVNL) shares.
Taparia has placed his target for the railway stock at Rs 270 and suggests placing a stop loss at Rs 236.
Share Market Today LIVE: Buy Axis Bank shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services suggests buying Axis Bank shares for a target of Rs 1,095 with a stop loss at Rs 1,058.
Share Market Today LIVE: Buy Voltas shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services likes Voltas shares from a short-term perspective.
He suggests investors buy the AC manufacturer's stock at the current levels near Rs 1,100 for a target of Rs 1,135 with a stop loss at Rs 1,080.
Share Market Today LIVE: Buy Sun Pharma shares, says Tejas Shah
Tejas Shah of JM Financial Services has a 'buy' call on Sun Pharma shares.
Shah has placed his targets for the pharma stock at Rs 1,600 and Rs 1,650 and suggests placing a stop loss at Rs 1,490.
Market Today LIVE: Trading begins on MCX after four-hour delay due to technical glitch
Trading commences on MCX after a four-hour delay owing to a technical glitch.
"Trading resumed at 1 pm. The delayed start was attributed to the slow processing and generation of backend files for the members. We apologise for any inconvenience caused," the commodity exchange said.
Share Market Today LIVE: Buy TCS futures on dips, says Tejas Shah
Tejas Shah of JM Financial Services suggests investors buy TCS futures on dips to make the most of a recent multi-year breakout in the IT counter. He suggests buying the Tata group stock in the range of Rs 4,050-4,075 for targets of Rs 4,250 and Rs 4,400 with a stop loss at Rs 3,900.