Share Market HIGHLIGHTS: Sensex ends 434 pts lower, Nifty slides to 22,055 as market halts six-day winning run; BPCL, NTPC, CIL fall up to 4%

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Share Market Today: Sensex ends 434 pts lower, Nifty slides to 22,055 as market snaps six-day winning run

Nifty Today LIVE | Infy, HDFC Bank, L&T, RIL among top drags

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | Nifty slips below 22,050, Sensex drops over 500 pts

Share Market Today LIVE: Sensex slumps over 550 pts, Nifty slides below 22,050 dragged by IT, financial stocks

'-573.67 -0.7852318861607448 72,483.73 22,013.35 -183.6 -0.8271406657220924

Take a look at the top movers in the 50-scrip basket at this hour, by weight: 

Image: Niftyindices.com

Share Market Today LIVE | Nifty Bank falls 300 pts from the day's high

Source: NSE

Share Market Today LIVE: Buy Tejas Networks shares, says Vikas Sethi

Vikas Sethi of Sethi Finmart recommends buying Tejas Networks (TEJASNET) shares for a target of Rs 800 with a stop loss at Rs 735. 

Sethi's target implies an upside of 8.7 per cent in the stock from its previous close.

Share Market Today LIVE: US rate cut timing still uncertain, says MOFSL's Gaurang Somaiya

When and what should lead to a rate cut is now a question that remains in ambiguity as the US jobs market remains robust and inflation steady, and as optimism prevails in the US economy, says Gaurang Somaiya of Motilal Oswal Financial Services. 

"Since the start of the year, market participants were expecting that the Fed should look for a rate cut and that would be soon as March despite the US economy showing any signs of resilience. The Fed generally believes in preparing the market about their further course of action and that is the guiding path for investors to take a view on rates. US 10-year yields have witnessed a lot of swings in the market and have been moving (they have moved from 3.8 per cent to 4.3 per cent in the last couple of months), suggesting suggesting that investors remain cautious on aggressive rate cut announcements by the Fed. But let’s see how the (US) jobs market has evolved and how the market is pricing in rate cuts for this year," says Somaiya. 

"We expect that rate cuts could begin as early as June with inflation concerns still looming around... Previously, the probability of a rate cut used to be more than 100 bps but now investors  are discounting rate cuts below 100 bps," the analyst adds. 

Share Market Today LIVE: Vibhor Steel's high valuation could pose potential risks in long term, says Swastika Investmart's Shivani Nyati 

Many analysts are skeptical about Vibhor Steel Tubes shares after the company's stellar debut in the secondary market on Tuesday following a bumper IPO. 

"Vibhor Steel Tubes defied even the most optimistic predictions on the listing day. Its unprecedented performance vastly exceeds the previously anticipated surge, fuelled by the company's strong fundamentals and the overwhelming investor response," says Shivani Nyati of Swastika Investmart. 

"Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth. Despite the strong listing, the high valuation could pose potential risks in the long term. Thus, this listing is the right time for investors to exit their holdings; however, those who still want to hold are suggested to keep a stop loss at around Rs 380," Nyati adds. 

Share Market Today LIVE: Nifty slips below 22,150, Sensex falls over 250 pts; IT shares decline

Share Market Today LIVE | Should you buy Grasim, Bajaj Finance, Tata Consumers Products, Kfin Tech shares today? Here is what brokerages recommend

Brokerages have few stocks on their radar. Here's what two brokerages, Jefferies and Nomura make of stocks, Grasim Industries, Bajaj Finance, Tata Consumer Products and Kfin Kfin Technologies:

• Grasim share price target: Jefferies has maintained a 'buy' call on the Grasim Industries stock with a target of Rs 2,291.
• Bajaj Finance share price target: Nomura has maintained a 'buy' call on the Bajaj Finance stock with a target of Rs 8,800.
• Tata Consumer share price target: Nomura has maintained a 'buy' call on the Tata Consumer Products stock with a target of Rs 1,350. Read more 

Share Market Today LIVE: Sensex flat near 73,050; selling pressure in Infosys, HDFC Bank, L&T offsets buying interest in ICICI Bank, SBI, Tata Steel

Take a look at the top movers in the 30-scrip basket at this hour:

Image: BSEIndia.com

Juniper Hotels IPO | Check out IPO review, subscription status, price band, other key details  

Luxury hotel development and ownership company Juniper Hotels launched an initial public offer (IPO) on February 21. The IPO opened for subscription for three trading days, till February 23 from 10 am to 5 pm. Juniper Hotels IPO is a mainboard issue of Rs 1,800 crore comprising fresh issuance of five crore shares.

Juniper Hotels IPO subscription status

On Wednesday, Juniper Hotels's share sale received bids for 17,21,920 shares against 2,89,47,367 shares on offer. Overall, the public issue has been subscribed 6 per cent so far on Day 1 of the bidding process. Read more 

Juniper Hotels IPO review: Here's what Anil Singhvi suggests

According to Zee Business Managing Editor Anil Singhvi, high-risk investors should subscribe to the IPO for the long term.

Here are the positives and negatives of the Juniper Hotel IPO:

Positives:

- Experienced promoters

- Strong brand of Hyatt with its equity investment

- IPO to retire 1500 Cr debt to save 170 Cr interest cost

- Strong expansion plans

- Another listed company will get merged and it will result in a bigger portfolio. Read more on Juniper Hotels IPO review by Anil Singhvi

Share Market Today LIVE | KFin Technologies stock jumps over 7%, Jefferies maintains 'buy'

Shares of KFin Technologies Ltd, a SaaS-based digital services provider, jump 7.6 per cent to Rs 688.4 on BSE after global brokerage firm Jefferies maintained a 'buy' call on the stock and raised the target by Rs 60 each to Rs 760 from Rs 700. Read more 

Share Market Today LIVE | Avendus says OMC stocks’ gains of up to 100% in four months not sustainable, downgrades IOC to ‘sell’ 

Hedge fund Avendus Capital maintains that amid the Red Sea crisis, diesel as well as gross refining margins have seen a surge which in turn has fuelled a rally in the stock price of oil marketing companies.

The crisis has led to a geo-political rift that is unlikely to end soon. The attack by the Houthi militants on commerical vehicles has threatened key maritime route that is significant for global container traffic as well as over $1 trillion in annual merchandise.

Stocks from the OMC pack, amid this chaos, have gain a significant over 100 per cent in a short span of just 4 months. This sharp increase in stock price is viewed as unsustainable by Avendus Capital as it is of the view that gradually the supply of diesel shall ease and there shall be pressure on the gross marketing margin. Read more