Share Market HIGHLIGHTS: Sensex down 15 pts, Nifty at 22,213 as market flat end of volatile day
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished a volatile session on Dalal Street largely unchanged on Friday, as losses in IT and financial shares offset gains in oil & gas counters. Globally, equities registered mixed moves as investors awaited remarks from ECB policymakers for clues on the benchmark interest rate trajectory.
Meanwhile, here are some of the stocks that were in headlines:
- Novelis' IPO plans: What is in store for Hindalco shareholders?
- Goldman Sachs double downgrades SBI, ICICI Bank; says goldilocks period over for financials
- Can Grasim's aggressive entry disrupt a market dominated by Asian Paints, Berger Paints?
- IRCTC's tie-up with Swiggy a win-win for both
- Vodafone Idea shares soar after telecom firm announces board meeting to consider raising funds
- Is Maruti Suzuki going to face a hurdle ahead? Check out Macquarie's latest target price
- Should you buy Bharti Airtel, ICICI Bank, Axis Bank, Asian Paints stocks?
Catch all the highlights of the February 23 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 a volatile session on Dalal Street largely unchanged on Friday, as losses in IT and financial shares offset gains in oil & gas counters. Globally, equities registered mixed moves as investors awaited remarks from ECB policymakers for clues on the benchmark interest rate trajectory.
Meanwhile, here are some of the stocks that were in headlines:
- Novelis' IPO plans: What is in store for Hindalco shareholders?
- Goldman Sachs double downgrades SBI, ICICI Bank; says goldilocks period over for financials
- Can Grasim's aggressive entry disrupt a market dominated by Asian Paints, Berger Paints?
- IRCTC's tie-up with Swiggy a win-win for both
- Vodafone Idea shares soar after telecom firm announces board meeting to consider raising funds
- Is Maruti Suzuki going to face a hurdle ahead? Check out Macquarie's latest target price
- Should you buy Bharti Airtel, ICICI Bank, Axis Bank, Asian Paints stocks?
Catch all the highlights of the February 23 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.
Market This Week: Sensex logs weekly gain of 716 pts, Nifty adds 172 pts
The Sensex finishes the week with a gain of 716.2 points, or one per cent, while the Nifty50 clocks a weekly rise of 172 points, or 0.8 per cent, led by financial, FMCG and pharma and private sector banking stocks.
| Index | Weekly change | |
| Points | % | |
| NIFTY REALTY | 36.05 | 4.08 |
| NIFTY CONSUMER DURABLES | 642.55 | 2.04 |
| NIFTY FMCG | 819.15 | 1.53 |
| NIFTY FINANCIAL SERVICES | 204.35 | 1.00 |
| NIFTY HEALTHCARE INDEX | 119.95 | 1.00 |
| NIFTY AUTO | 197.90 | 0.97 |
| NIFTY PHARMA | 177.60 | 0.94 |
| NIFTY BANK | 426.90 | 0.92 |
| NIFTY METAL | 71.30 | 0.89 |
| NIFTY PRIVATE BANK | 189.95 | 0.82 |
| NIFTY MEDIA | -0.50 | -0.02 |
| NIFTY OIL & GAS | -97.80 | -0.83 |
| NIFTY PSU BANK | -58.95 | -0.83 |
| NIFTY IT | -431.40 | -1.12 |
M&M, Grasim, ICICI Bank, Nestle India, Sun Pharma rise most among 32 weekly gainers in Nifty universe
Top weekly gainers
- M&M: up 5.1%
- Grasim: up 4.2%
- ICICI Bank: up 3.7%
- Nestle India: up 3.7%
- Sun Pharma: up 3.4%
Top weekly losers
- Hero MotoCorp: down 7.7%
- Coal India: down 7.5
- BPCL: down 5.6
- Divi's: down 2.2
- HDFC Life: down 2.0
Midcap index rises 0.3% for week
| Index | Weekly change | |
| Points | % | |
| NIFTY 500 | 148.60 | 0.74 |
| NIFTY MIDCAP 100 | 147.60 | 0.30 |
| NIFTY SMALLCAP 100 | -18.80 | -0.12 |
Share Market Today: Broader indices register mild gains, shrug off muted trend in headline gauges
| Index | Feb 23 close | Change (%) |
| NIFTY 500 | 20,313.50 | 0.15 |
| NIFTY MIDCAP 100 | 49,279.55 | 0.31 |
| NIFTY SMALLCAP 100 | 16,175.20 | 0.38 |
The Nifty 500, NSE's broadest index, finishes the day 0.2 per cent higher.
Share Market Today: Bajaj Finserv, SBI Life, HDFC Life, LTIMindtree, Dr Reddy's rise most among 20 Nifty gainers; Bharti Airtel, TCS, Asian Paints, Maruti Suzuki top losers
Top Nifty50 gainers
| Index | Feb 23 close |
|
|
| BAJAJFINSV | 1,616.00 | 1.47 | |
| SBILIFE | 1,530.00 | 1.35 | |
| HDFCLIFE | 580.8 | 1.07 | |
| LTIM | 5,539.95 | 0.97 | |
| DRREDDY | 6,425.00 | 0.96 | |
| TITAN | 3,684.00 | 0.87 | |
| CIPLA | 1,464.95 | 0.8 |
Top Nifty50 losers
| Stock | Feb 23 close |
|
|
| BHARTIARTL | 1,124.40 | -0.98 | |
| TCS | 4,046.40 | -1 | |
| ONGC | 271.7 | -1.09 | |
| ASIANPAINT | 2,982.85 | -1.15 | |
| MARUTI | 11,520.00 | -1.18 | |
| HCLTECH | 1,664.40 | -1.3 | |
| BPCL | 617 | -1.42 |
Share Market Today: Nifty PSU Bank, Nifty Oil & Gas, Nifty Metal, Nifty Bank worst hit among NSE's sectoral indices; Nifty Realty rises 1%
| Index | Feb 23 close |
|
|
| NIFTY PSU BANK | 7,076.05 | -1.15 | |
| NIFTY OIL & GAS | 11,756.30 | -0.43 | |
| NIFTY METAL | 8,047.75 | -0.27 | |
| NIFTY BANK | 46,811.75 | -0.23 | |
| NIFTY IT | 38,045.65 | -0.22 | |
| NIFTY FMCG | 54,337.75 | -0.15 | |
| NIFTY PRIVATE BANK | 23,430.85 | 0 | |
| NIFTY FINANCIAL SERVICES | 20,677.10 | 0.05 | |
| NIFTY AUTO | 20,621.35 | 0.18 | |
| NIFTY HEALTHCARE INDEX | 12,159.00 | 0.31 | |
| NIFTY PHARMA | 19,048.40 | 0.42 | |
| NIFTY CONSUMER DURABLES | 32,080.40 | 0.6 | |
| NIFTY REALTY | 918.75 | 1 | |
| NIFTY MEDIA | 2,164.30 | 1.36 |
Share Market Today: D-Street ends volatile session barely changed; Sensex down 15 pts, Nifty at 22,213
The Sensex ends 15.4 points lower at 73,142.8 while the Nifty50 settles at 22,212.7, down 4.8 points from its previous close.
Share Market Today LIVE: Indian Hotels shares have more than doubled in a year on the back of back-to-back strong results
Indian Hotels shares strengthen by as much as Rs 23.9, or 4.1 per cent, to an all-time high of Rs 602.8 apiece on BSE, taking its gains in a year to 100.9 per cent.
What's powering the steady rally in the Tata group stock?
- Seven straight quarters of strong results
- Strong growth in new business, at 34 per cent (Ginger, Ama & TajSATS)
- Better revenue per available room (RevPAR)
- Strong FY25 guidance
- Double-digit growth in consolidated revneue
According to Zee Business research, Indian Hotels' valuation stands at 52.6 times its FY25 price-to-earnings (PE) estimate.
Image: BSEIndia.com
Share Market Today LIVE: Buy Bajaj Finserv shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking suggests buying Bajaj Finserv shares for targets of Rs 1,650 and Rs 1,675 with a stop loss at Rs 1,585.
Bagadia recommends holding on to existing positions in Bajaj Fiannce, and even buying at current levels. He says that it is important for the stock to take out Rs 6,775-6,790 levels before a strong upmove next week.
Share Market Today LIVE: European equities inches up led by BASF, StanChart as investors await ECB remarks
European shares begin the day with mild gains, led by Standard Chartered and BASF after their results.
However, investors appear to be cautious ahead of comments from European Central Bank policymakers due later in the day.
The pan-European Stoxx 600 index is up 0.2 per cent few minutes into the day's trade. Here's where some of the key indices from the region stand:
- UK's FTSE 100: up 0.2 per cent
- France's CAC: up 0.1 per cent
- Germany's DAX: flat
Share Market Today LIVE: Prataap Snacks shares recover half of intraday losses
Prataap Snacks (DIAMONDYD) shares, which has taken a beating after the snacks maker denied reports suggesting ITC was eyeing a stake in it, are down 4.4 per cent at Rs 1,172.5 apiece at this hour.
Earlier in the day, the stock fell as much as 9.4 per cent to Rs 1,111 apiece.
Share Market Today LIVE: Bandhan Bank appoints CFO; shares in the green
Bandhan Bank shares are holding on to mild intraday gains. The stock is up 1.3 per cent at Rs 206.2 apiece at this hour, having gained as much as 1.7 per cent to Rs 207 apiece earlier in the day.
Bandhan Bank's board has approved the appointment of Rajeev Mantri as chief financial officer (CFO) and key managerial personnel (KMP) with immediate effect.
Mantri is a veteran banker with over 25 years of experience in banking and finance across India, Singapore and the UAE.
Abhijit Ghosh will head the finance and accounts division and also be a part of the senior management, according to a statement.
Share Market Today LIVE: Buy Astral Ltd, IRCTC shares, says Siddharth Rai Mangala
Siddharth Rai Mangala of StockBox Technologies shares two recommendations with Zee Business viewers:
- Buy Astral shares for targets of Rs 2,100 and Rs 2,150 with a stop loss at Rs 2,010
- Buy IRCTC shares for targets of Rs 995 and Rs 1,010 with a stop loss at Rs 959
Share Market Today LIVE: Sona BLW becomes first auto ancillary company to receive PLI scheme certification
Sona BLW Precision Forgings (SONACOMS) shares rise by as much as Rs 34.8, or 5.7 per cent, to Rs 648 apiece on BSE, gaining for a second straight day, after the auto parts manufacturer receives certification for hub wheel drive motors for electric two-wheelers under the government's Production-Linked Incentive (PLI) scheme for the sector.
Share Market Today LIVE: Can Grasim's aggressive disrupt a market dominated by Asian Paints, Berger Paints?
Aditya Birla group flagship Grasim Industries commenced operations at three manufacturing plants for its new decorative paints brand, Birla Opus, on Thursday as part of its strategic foray into the segment, first announced in January 2021. The group is targeting an initial revenue of Rs 10,000 crore and profitability within three years of full operations of its new venture of decorative paints business, its chairman Kumar Mangalam Birla said, as he inaugurated the plants located in Haryana's Panipat, Punjab's Ludhiana and Tamil Nadu's Cheyyar.
Analysts say factors such as the company's pan-India reach and wide product offering are likely to boost its profitability while disrupting the paints industry, currently dominated by Asian Paints and Berger Paints.
Read more on what analysts make of entry of Grasim’s Birla Opus for paints industry
Share Market Today LIVE: IRCTC shares gain after tie-up with Swiggy
Indian Railway Catering and Tourism Corporation (IRCTC) shares gain by Rs 34.1, or 3.6 per cent, at the strongest level of the day to touch Rs 970 apiece on BSE.
What's driving the gains in IRCTC stock?
The railway ticketing and catering service provider has tied up with food aggregator Swiggy for the supply and delivery of pre-ordered meals through the IRCTC e-catering portal.
Image: BSEIndia.com