Share Market HIGHLIGHTS: Nifty reclaims 21,850, Sensex soars 440 pts; IT stocks lead gains

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CLOSING BELL | Nifty reclaims 21,850, Sensex soars 440 pts; BPCL up 9.5%

Nifty Today LIVE | RIL, Infy, TCS, NTPC among top movers

RIL, Infy, TCS, NTPC and BPCL are the top movers in the Nifty baskets at this hour.

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

Source: NSE

Share Market Today LIVE | Infosys, Bajaj Auto, BHEL, other stocks hit 52-week highs

As many as 77 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | TCS, Infy, Power Grid, other stocks hit 52-week highs

As many as five stocks in the S&P BSE basket reached the milestone. 

Share Market Today LIVE | Nifty near 21,900, Sensex gain 600 pts aided by IT, oil & gas stocks 

Share Market Today LIVE | LIC Housing Finance shares hit 52-week high ahead of Q3 results today; here’s what to expect 

LIC Housing Finance shares gain to a 52-week high on Friday, continuing to gain for the seventh session in a row, as investors awaited the non-banking financial company’s quarterly results due later in the day. The stock of Mumbai-headquartered LIC Housing Finance (LICHSGFIN) strengthens by as much as Rs 12.4, or two per cent, to Rs 642 apiece on BSE.

Analysts expect the housing finance firm to stage a strong financial performance later on Friday on the back of robust growth and easing credit costs.

According to Zee Business research, LIC Housing Finance is estimated to report a standalone net profit of Rs 1,140 crore for the quarter ended December 31, 2023, translating into a jump of 2.4 times compared with the corresponding period a year ago. They peg the NBFC’s net interest income (NII), or the difference between interest earned and interest paid, to grow 27 per cent on a year-on-year basis to Rs 2,040 crore. Read more 

Share Market Today LIVE | TCS, Infosys hit 52-week highs; HCL, Wipro, and Tech Mahindra in green. Why are IT stocks trading higher today?

Indian IT stocks such as TCS, HCL, Wipro, Infosys and Tech Mahindra are trading in positive territory on BSE on Friday after tech stocks in the US market gained. The US NASDAQ 100 Technology Sector Index jumped by 0.93 per cent, or 91.90, at 9888.86 points, after tech firms Meta and Amazon reported upbeat earning results.  

Let's see how Indian IT stocks are performing after US tech stocks got boost from giants' earning numbers.

TCS

Tata Consultancy Services hit a 52-week high of Rs 3982.05 on BSE. The stock of India's biggest IT company is trading higher by 3.31 per cent, or Rs 127.60, at Rs 3979.05 on BSE.

HCL Tech

The IT firm's day's high of Rs 1612.70 is quite close to its 52-week high of Rs 1617.65. Its stock is trading up by 2.04 per cent, or Rs 32.20, at Rs 1608.70 on BSE. 

Infosys

The IT giant also hit a 52-week high of Rs 1718.60 on NSE. The stock of the firm is higher by 3.30 per cent, or Rs 54.70, at Rs 1711.15 on BSE. Read more 

Share Market Today LIVE | Infosys gains over 3% in today's trade; stock gains 12% in 1 month

Shares of Infosys trade 3.2 per cent, or Rs 52.95, higher at Rs 1,709.4 apiece on BSE. Meanwhile, its market capitalisation stands at Rs 7,09,416.14 crore. Infosys recently reported its financial results for the October-December period on January 11, Thursday. The company reported a consolidated profit after tax (PAT) or net profit of Rs 6,106 crore for the quarter that ended December 31, 2023 (Q3 FY24).

The figure fell 1.7 per cent on a QoQ basis and 7.3 per cent YoY. Infosys recently announced that it was celebrating its 25-year partnership with SAP, a global leader in enterprise software and services. Read more 

Share Market Today LIVE | Nifty scales fresh peak of 22,126.8, scaling earlier peak touched on January 16,2024

Share Market Today LIVE | Should you buy, sell or hold Titan shares after Tata group firm’s weak quarterly show?

Titan shares register mild gains on Friday, snapping three back-to-back sessions of losses after the Tata group company reported a quarterly net profit that fell short of analysts’ estimates. The Titan stock gains by as much as Rs 86, or 2.4 per cent, to Rs 3,713.5 apiece on NSE.

During the last 30 minutes of trade on February 1, the Bengaluru-headquartered consumer lifestyle firm, which manufacturers a range of products such as jewellery and watches, reported a 9.4 per cent year-on-year increase in standalone net profit to Rs 1,040 crore for the quarter ended December 31, 2023, driven by sales in the festive season.

Its total income grew 22.7 per cent to Rs 13,071 crore for the fiscal third quarter, according to a regulatory filing.

Titan shares: What do brokerages suggest?

CLSA maintained a ‘buy’ call on Titan after the company’s earnings announcement and reduced its target for the stock to Rs 4,354 from Rs 4,494. "Overall EBITDA margin, at 11.2 per cent, 117bps below estimates primarily due to significant EBIT margin contractions in the watch & eyecare segments," according to the brokerage.

Morgan Stanley maintained an ‘equal-weight’ rating on the counter and raised its target to Rs 3,290 from Rs 3,190. The Tata group firm missed the brokerage’s earnings estimates with weak margins. Continued momentum in jewellery was positive while eyecare growth was weak, and the management remains optimistic, according to Morgan Stanley. Read more

Dividend, Bonus stocks | Oberoi Realty, IEX, Zensar Tech among 11 shares trade ex-date today

A total of 11 stocks traded ex-dividend on Friday, February 2, according to the NSE website. The list includes Oberoi Realty, IEX, Zensar Technologies, and other stocks.

Kewal Kiran Clothing dividend

Kewal Kiran Clothing has announced an interim dividend of Rs 2 per equity share with a face value of Rs 10. The record date is also February 2.

Sandur Manganese ex bonus date

Sandur Manganese & Iron Ores has turned ex-bonus in a ratio of 5:1.

Share India Securities dividend

Share India Securities has announced an interim dividend of Rs 3 per equity share with a face value of Rs 10.

Global Education dividend

Global Education has announced an interim dividend of Rs 1.25 per equity share with a face value of Rs 5.

ShreeOswal Seeds bonus record date

ShreeOswal Seeds And Chemicals has turned an ex-bonus date in the ratio of 1:5.

Indian Energy Exchange dividend

Indian Energy Exchange has announced an interim dividend of Re 1 per equity share with a face value of Re 1. Read more

Share Market Today LIVE | Tata Motors shares rise ahead of Q3 results; here's what analysts expect  

Shares of Tata Motors trade 1.59 per cent or Rs 13.95, higher at Rs 892.3 apiece on the BSE ahead of posting Q3FY24 results. Meanwhile, its market capitalisation stands at Rs 2,96,497.65 crore on BSE.

Zee Business analysts expect the automotive company to report a consolidated net profit of Rs 4,100 crore against Rs 2,958 crore a year ago, which is an increase of 39 per cent. The company is estimated to post a revenue of Rs 10,7800 crore for the third quarter that ended December 31 against Rs 88,489 crore year-on-year (YoY), up 21.8 per cent. Read more 

Share Market Today LIVE | Here's how auto stocks are faring after reporting January sales numbers

Hero MotoCorp hit an all-time high; TVS Motor is up, while Eicher Motor and Ashok Leyland stocks trade lower on BSE on Friday after January auto numbers of these auto companies were revealed a day ago. Despite reporting below Zee Business research estimate numbers for January, the stock of Hero Motor Corp hit an all-time high of Rs 4718.15. 

Here, we take you through January auto numbers and the performance of auto company stocks. 

Hero MotoCorp 

The two-wheeler automaker reported less than estimated January sales numbers, but those were up by 22 per cent to 4.33 lakh from 3.57 lakh in December. Zee Business research had estimated the numbers to be 4.8 lakh. The stock of the company is trading up by 2.60 per cent, or Rs 119.10, at Rs 4,706 on BSE.    

TVS Motor 

The stock of the large-cap auto firm is also trading in positive territory as it is up by 1.24 per cent, or Rs 24.70, at Rs 2021.65. The auto firm reported below-estimate January sales numbers, but its two-wheeler sales were up by 25 per cent to 3.3 lakh from 2.6 lakh, below analysts' estimates of 3.3 lakh.

The company's total sales also saw a jump of 23 per cent to 3.4 lakh from 2.75 lakh against the estimates of 3.46 lakh.

Eicher Motors

Eicher Motors is trading below 2 per cent despite reporting above research-estimate numbers in January. The January sales of its marquee- Royal Enfield- jumped by two per cent to 76187 from 74746, which was above analysts' estimates of 74000. 

The stock of the company is down by 2.07 per cent, or Rs 81.25, at Rs 3,852 on BSE. Read more 

Share Market Today LIVE | Paytm's update post-RBI action fails to assuage investors' concerns as stock crashes 20% again; analysts remain bearish

Paytm shares, after a heavy beating in Thursday’s trade, hit a 20 per cent lower circuit in the opening trade today at Rs 487.05 on BSE. In the previous session, shares of the fintech firm settled at the 20 per cent lower circuit at Rs 608.8 per share on the BSE.

The massive erosion in Paytm’s stock price is the result of the RBI’s stringent action whereby it has prohibited Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, prepaid instrument, wallet, or FASTags after February 29, 2024.

“PPBL is taking immediate steps to comply with RBI directions, including working with the regulator to address their concerns as quickly as possible, said One 97 Communications, the parent company of Paytm, in its filing with the exchanges. Read more