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 finished yet another choppy session higher on Tuesday, February 13. 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.coms 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:
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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
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.
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.
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: GMR Airports Infra shares within inches of 52-week high after surprise entry to MSCI Global Standard index
GMR Airports Infrastructure (GMRINFRA) shares strengthen by as much as Rs 5.5, or 6.5 per cent, to Rs 91.1 apiece on BSE, coming within inches of a 52-week high of Rs 92.5 apiece registered last week, following the company's inclusion in the MSCI Global Standard index.
According to Brokerage Nuvama Institutional Equities, the stock was its conviction entrant for the May review.
Analysts say the inclusion is likely to lead to significant inflows for the company.
MCX Trading Delayed, MCX Technical Glitch: Margin file not created yet, today's glitch a major one, says CPAI president
"The margin file has not been created yet. This file, containing essential details such as client margins and positions, is usually available at around 6-7 am every day... All members are facing the issue," Narinder Wadhwa, President of the Commodity Participants Association of India (CPAI), tells Zee Business.
"These are day-end files that are usually uploaded normally. While today's glitch seems to be a major one, MCX has said that it has distributed the files to half of the members... Earlier, there have been 2-3 instances of delays since the software transition," Wadhwa explained.
Share Market Today LIVE: Buy SPIC shares, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying Southern Petrochemicals (SPIC) shares for a target price of Rs 108 with a stop loss at Rs 77 over a horizon of 9-12 months.
SPIC shares have risen 27.7 per cent in the past year, better than a 22 per cent return delivered by the headline Nifty50 index.
Image: BSEIndia.com
Share Market Today LIVE: Tilaknagar Industries struggles below flatline
Tilaknagar Industries (TI) shares decline by as much as Rs 5.5, or 2.3 per cent, to Rs 238.8 apiece on BSE following a mildly positive start to the day.
The alcoholic beverage manufacturer reported its quarterly numbers after market hours on Monday.
- Profit down 42 per cent at Rs 44 crore due to a high base last year (Q3 FY23 results included an exceptional gain of Rs 51 crore)
- Revenue up 24 per cent
- Margin at 13.6 per cent vs 13.4 per cent a year ago
Share Market Today LIVE: SAIL shares continue to reel under pressure after operationally weak Q3 results
Steel Authority of India (SAIL) shares continue to face selling pressure, declining by as much as Rs 6.6, or 5.3 per cent, to Rs 116.4 apiece on BSE, after the state-run steelmaker reports an operationally weak set of quarterly earnings.
After market hours on Monday, SAIL reported a 29 per cent decline in net profit for the Oct-Dec period (Q3 FY24). Its margin, a key measure of profitability, contracted by 80 basis points to 9.2 per cent for the fiscal third quarter.
Share Market Today LIVE: Coal India shares continue to enjoy gains after staging strong Q3 performance
Coal India shares rise by as much as Rs 24.9, or 5.7 per cent, to touch Rs 458 apiece on the upside and trade within Rs 11 of an all-time high of Rs 468.5 scaled last week.
Share Market Today LIVE: IRFC, RVNL, Ircon, Redington, NCL India rise most among some 250 gainers in BSE 500 universe
On the other hand, Hindalco, ELGI Equipments, Glaxo, Paytm and Amber are among the top laggards in the broadest index on the bourse.
Image: BSEIndia.com
MCX Technical Glitch Update: Gold, silver futures contracts stuck at previous day levels
Gold futures (April 5) settled barely in the green on Monday, at Rs 62,090, while silver futures (March 5) gained by Rs 40, or 0.1 per cent, at Rs 71,049.
Read more on delayed opening at MCX here
Share Market Today LIVE: Hemang Jani shares Precision Wires as a positional pick
Market expert Hemang Jani has a 'buy' call on Precision Wires India (PRECWIRE) shares with a target of Rs 160 for 3-6 months.
Precision Wires shares have rewarded investors with a return of 97.5 per cent in the past year, sharply outperforming a 22.2 per cent gain in the headline Nifty50 index.
Image: BSEIndia.com
Share Market Today LIVE: Banking, oil & gas stocks push benchmark indices higher
Take a look at the top movers in the 30-scrip basket:
Image: BSEIndia.com
Share Market Today LIVE: Strong buy zone for Nifty50 at 21,350-21,450, strong sell zone at 21,800-21,850, says market wizard Anil Singhvi
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,500-21,575 levels and a strong buy zone at 21,350-21,450 levels today. For the Nifty Bank, he expects support to come in at 44,425-44,525 levels and a strong support zone at 44,000-44,150 levels.
Market Today LIVE: Technical glitch at MCX, trading to commence with a delay of one hour at 10 am
What has caused the problems on MCX today?
"The margin file has not been created yet. This file, containing essential details such as client margins and positions, is usually available at around 4-5 am every day," Narinder Wadhwa, President of the Commodity Participants Association of India (CPAI), tells Zee Business.
"All members are facing the issue," Wadhwa adds.
MCX shares are trading with mild gains, up 0.4 per cent for the day at Rs 3,502.5 apiece on BSE.
Share Market Today LIVE: Commodity markets to open at 10 am due to operational delays at MCX, says Zerodha
Share Market Today LIVE: Sensex rises over 200 pts, Nifty tops 21,650; Coal India, Hero MotoCorp top blue-chip gainers, up 2%
Share Market Today LIVE: How to trade L&T, GNFC, SAIL, RVNL, Tilaknagar Industries, 15 other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today.
- Ashish Chaturvedi recommends buying Tilaknagar Industries (TI) shares in the cash segment for a target price of Rs 255 with a stop loss at Rs 238
- Varun Dubey has a 'buy' call on ELGI Equipments shares with a target price of Rs 700 and a stop loss at Rs 674
Catch the complete list of stocks on analysts Ashish Chaturvedi and Varun Dubey's radar
Share Market Today LIVE: From Coal India to Eicher Motors to Paytm, catch the complete list of stocks to track today
RBI Governor Shaktikanta Das has said that there was "hardly any room" to review the action taken against Paytm Payments Bank.
Share Market Today LIVE: Brent crude steady at $82 per barrel, WTI at $76.9 per barrel
Crude oil rates are little changed today, a second straight day of steady prices, as uncertainty about the pace of potential interest rate cuts by the Fed and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply.
Brent futures edged 1 cent lower $81.99 a barrel. U.S. West Texas Intermediate (WTI) crude rose 1 cent to $76.93 a barrel.
Share Market Today LIVE: Sensex up over 50 pts, Nifty above 21,650 in pre-open market
How share market fared on Monday
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.
Here's where the indices stood at the end of the volatile session:
- Sensex: down 523 points, or 0.7 per cent, at 71,072.5
- Nifty50: down 166.5 points, or 0.8 per cent, at 21,616.1
Share Market Today LIVE: Nasdaq slips from near all-time high, Dow Jones up modestly ahead of US inflation data
The three main Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, staged a mixed bag of moves on Monday, with the tech-heavy Nasdaq slipping after briefly surpassing its record closing high from November 2021.
The Dow Jones rose modestly ahead of two US inflation reports this week that could influence Fed policy.
The benchmark S&P 500 closed slightly lower but remained just above the 5,000-point level it crossed on Friday, February 9.
- Dow Jones Industrial Average: up 125.7 points, or 0.3 per cent, at 38,797.4
- S&P 500: down 6.3 points, or 0.1 per cent, at 5,035
- Nasdaq Composite: down 48.1 points, or 0.3 per cent, at 15,942.5
Share Market Today LIVE: GIFT Nifty futures up 35 pts, signal a positive start for Nifty50 today
GIFT Nifty futures, an early indicator of the benchmark Nifty50 index, are up 35 points at 21,732.9 at this hour, signalling a mildly positive start for the headline index today.
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