Share Market HIGHLIGHTS: Sensex ends 353 pts lower, Nifty gives up 22,150 dragged by IT, financial shares; Asian Paints drops 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex fell on Monday, February 26, amid selling pressure in IT and financial shares. Among heavyweights, weakness in Infosys, Tata Consultancy Services (TCS), Asian Paints, ICICI Bank and Bharti Airtel shares weighed on both headline gauges, whereas strength in counters such as Larsen & Toubro, Power Grid, HDFC Bank and HUL shares lent some support.
Catch all the highlights of the February 26 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 fell on Monday, February 26, amid selling pressure in IT and financial shares. Among heavyweights, weakness in Infosys, Tata Consultancy Services (TCS), Asian Paints, ICICI Bank and Bharti Airtel shares weighed on both headline gauges, whereas strength in counters such as Larsen & Toubro, Power Grid, HDFC Bank and HUL shares lent some support.
Catch all the highlights of the February 26 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: Broader indices Nifty Midcap 100, Nifty Smallcap 100 decline up to 0.4%
| Index | Feb 26 close |
|
|
| NIFTY MIDCAP 100 | 49,102.30 | -0.36 | |
| NIFTY 500 | 20,255.80 | -0.28 | |
| NIFTY SMALLCAP 100 | 16,133.15 | -0.26 |
The Nifty 500, NSE's broadest index, settles with a loss of 0.3 per cent for the day.
Share Market Today: Bharti Airtel, LTIMindtree, JSW Steel, Tata Steel, Titan worst hit mong 37 Nifty losers; L&T, Power Grid, Tata Consumer among top gainers
Top Nifty50 gainers
| Index | Feb 26 close |
|
|
| LT | 3,470.35 | 2.43 | |
| POWERGRID | 287.55 | 1.99 | |
| ADANIENT | 3,328.00 | 1.67 | |
| TATACONSUM | 1,178.00 | 1.53 | |
| SBILIFE | 1,552.00 | 1.49 | |
| BPCL | 626 | 1.3 | |
| ADANIPORTS | 1,335.00 | 1.08 | |
| EICHERMOT | 3,955.00 | 0.71 | |
| HINDUNILVR | 2,401.95 | 0.33 | |
| BAJAJ-AUTO | 8,450.00 | 0.15 |
Top Nifty50 losers
| Index | Feb 26 close |
|
|
| BHARTIARTL | 1,110.75 | -1.33 | |
| LTIM | 5,465.00 | -1.4 | |
| JSWSTEEL | 808.75 | -1.49 | |
| TATASTEEL | 142.6 | -1.96 | |
| TITAN | 3,619.00 | -1.98 | |
| TECHM | 1,295.80 | -2 | |
| DIVISLAB | 3,573.25 | -2.05 | |
| HINDALCO | 505.55 | -2.47 | |
| APOLLOHOSP | 6,596.75 | -2.62 | |
| ASIANPAINT | 2,868.00 | -3.95 |
Share Market Today: Nifty IT, Nifty Metal, Nifty Consumer Durables top losers among NSE's sectoral indices; Nifty Oil & Gas, Nifty Auto, Nifty Realty eke out gains of 0.1%
| Index | CMP |
|
|
| NIFTY IT | 37,598.65 | -1.17 | |
| NIFTY METAL | 7,971.75 | -0.94 | |
| NIFTY CONSUMER DURABLES | 31,795.20 | -0.89 | |
| NIFTY HEALTHCARE INDEX | 12,056.30 | -0.84 | |
| NIFTY BANK | 46,576.50 | -0.5 | |
| NIFTY PSU BANK | 7,040.65 | -0.5 | |
| NIFTY PRIVATE BANK | 23,317.20 | -0.49 | |
| NIFTY PHARMA | 18,956.45 | -0.48 | |
| NIFTY MEDIA | 2,156.40 | -0.37 | |
| NIFTY FINANCIAL SERVICES | 20,619.70 | -0.28 | |
| NIFTY FMCG | 54,317.30 | -0.04 | |
| NIFTY REALTY | 919.35 | 0.07 | |
| NIFTY AUTO | 20,642.40 | 0.1 | |
| NIFTY OIL & GAS | 11,769.90 | 0.12 |
Share Market Today: Sensex ends 353 pts lower, Nifty50 slides to 22,122 amid weakness in IT, financial stocks
Both benchmark indices finish the day about half a per cent lower.
The Sensex sheds 352.7 points to settle at 72,790.1 and the Nifty50 shuts shop at 22,122.1, down 90.7 points from its previous close.
Share Market Today LIVE | Transformers & Rectifiers soars after company bags Rs 232 crore order from Power Grid
Transformers and Rectifiers (India) Ltd (TRIL) shares are locked in the upper circuit on NSE at Rs 361.4, after the company received a contract worth Rs 232 crore from Power Grid Corporation of India. "This is to inform you that Transformers and Rectifiers (India) Limited has been awarded orders of total contract value of Rs 232 crore from Power Grid Corporation of India Limited," the company said in a regulatory filing on Saturday. Read more
Share Market Today LIVE | Nifty Bank trades over 100 pts lower
Source: NSE
Share Market Today LIVE: Infosys, TCS, Asian Paints, Bharti Airtel RIL weigh on Sensex
Take a look at the top movers in the 30-scrip basket:
Image: BSEIndia.com
Share Market Today LIVE | This PSU jumps 65% in 3 months, JP Morgan raises target to Rs 175; is it right time to enter the stock?
Shares of state-owned GAIL (India) remained on investors' radar on Monday, February 26, after JPMorgan raised the target by Rs 5 on the PSU stock to Rs 175 from Rs 170 earlier. The global brokerage has maintained a 'neutral' rating on the Maharatna company stock.
"Multiples doubled from c.6x P/E to about 12x P/E. GAIL’s trading segment is likely to report strong earnings in March 2024 as well," the global brokerage said in its note. According to the brokerage, the recent collapse in US Henry Hub prices combined with stable oil prices will drive GAIL’s trading margins up quarter-on-quarter (QoQ), while consensus projects a quarterly decline.
GAIL share price history: How GAIL shares have fared in the recent past
The natural gas transmission company stock has jumped 65 per cent in three months, outperforming the benchmark index Nifty, which rallied 12 per cent in the duration, as per Zee Business Research. Read more
Share Market Today LIVE | As Nvidia hits all-time high, can Indians buy shares of chipmaker giant?
Microchip giant Nvidia is on a roll. On Friday, it crossed the barrier of USD 2 trillion (USD 2,000 billion). That's precisely more than half of India's total GDP.
On Thursday, it drove up its market value by more than USD 277 billion, a one-day gain record on Wall Street. That's more than the GDPs of over 150 nations across the world. As per NASDAQ's website, the market value of the chipmaker stood at $1.97 trillion after the market closed on Friday. On the same day, the Nvidia stock also hit an all-time high of $823.94. Those with the stock of the US microchip company have been having a field day for the last few days. Read more
Share Market Today LIVE | Anand Rathi sees 28% upside in this recently listed hospitality stock; take a look
Brokerage firm Anand Rathi has initiated coverage on newly listed Apeejay Surrendra Park Hotels and sees a 28 per cent upside in the stock from Friday's closing price of Rs 222.5 apiece. The brokerage has given a 'buy' call on the stock for a target of Rs 285 apiece.
Anand Rathi is bullish on the hotel company's diversified categories across luxury and upscale through The Park brand and upper mid-market through Zone by The Park.
"The company operates 30 hotels in the luxury categories: boutique upscale (The Park, The Park Collection) and upper-midscale (Zone by the Park, Zone Connect by the Park) across India at metropolises such as Kolkata, New Delhi, Chennai, Hyderabad, Bengaluru, Mumbai, and other tier 2/3 cities," as per the report. Read more
Share Market Today LIVE | SBI Card trades lower as Morgan Stanely maintains equal weight call on decline in active credit cards in January
Shares of SBI Card trade lower by over 1 per cent as global brokerage Morgan Stanley maintained an 'equal weight' view' on the stock with a target of Rs 750. The equal weight rating symbolises that the stock's performance will be in line with the index. The brokerage maintains that the company saw a decline in the number of active credit cards in January by 96 basis points on year and 17 basis points on month, with their market share at 18.77 per cent. However, monthly credit card spending rose 18.4 per cent on-year for January, while the same was at 17.7 per cent in the previous month. Read more
Share Market Today LIVE | JSW Infrastructure hits all-time high after firm gets contract from Chidambaranar Port Authority
SW Infrastructure hit an all-time high of Rs 276 on BSE after the Jindal group company got a letter of award from Chidambaranar Port Authority.
What is JSW Infrastructure's order?
JSW Infrastructure has got a letter of award for the "Mechanization of North Cargo Berth-III (NCB-III) for Handling Dry Bulk cargo at V.O. Chidambaranar Port on Design, Build, Finance, Operate and Transfer (DBFOT) Basis". Read more
Share Market Today LIVE | Worst day in 20 months for Rain Industries investors; here is what triggered it
Rain Industries shares fall sharply after the Hyderabad-headquartered company, engaged in the manufacturing of carbon, advanced materials and cement, reported a weak set of quarterly numbers. The Rain Industries stock tumbles by as much as Rs 23.3, or 11.3 per cent, to Rs 183.1 apiece on BSE, its biggest intraday fall since June 20, 2022.
On Saturday, the company reported a consolidated net loss of Rs 1,118.8 crore for the quarter ended December 31, 2023, in stark contrast to a consolidated net profit of Rs 89.5 crore for the corresponding period a year ago. Its revenue from operations for the fourth quarter of the year stood at Rs 4,100.6 crore, a decrease of 24.9 per cent on a year-on-year basis. Read more