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Sensex Today: Stock Market LIVE Updates: Sensex trades firm, Nifty tests 17,400; Nykaa


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Most pharma stocks in the red

Price as on 17 Feb, 2022 03:04 PM, Click on company names for their live prices.

Strong earnings boost European shares amid Ukraine concerns

European shares rose on Thursday as a slew of strong earnings from companies such as Airbus, Kering and Commerzbank lifted risk appetite, helping offset investor concerns over fresh tensions surrounding Ukraine.

The pan-European STOXX 600 index gained 0.2% by 0813 GMT. France’s CAC 40 added 0.6%, Germany’s DAX climbed 0.3%, while UK’s FTSE 100 slipped 0.2%.

Banking sector outlook revised to ‘improving’ for FY23: Ind-Ra

  • India Ratings and Research (Ind-Ra) has revised its outlook on the banking sector to ‘improving’ from ‘stable’ for 2022-23, helped by better credit demand and strong balance sheet of lenders.

  • For next fiscal year, the agency expects credit growth to pick up to 10 per cent and sees gross non-performing asset (GNPA) ratio at 6.1 per cent.

  • “We have revised the outlook on the overall banking sector to improving for FY23 from stable, as the banking system’s health is at its best in decades. The improving health trend that began in FY20 is likely to continue into FY23,” the agency said.

Top 10 losers on NSE

Price as on 17 Feb, 2022 02:23 PM, Click on company names for their live prices.

Investor losses in Paytm, Nykaa, PB & Zomato mount to Rs 1.3L cr since Day 1

Investor patience is being put on test, as earnings misses, supposedly rich valuations and a sharp fall in technology stocks globally sent shares of a few new-age companies tumbling on Dalal Street. The sentiment is so fragile that four companies, namely One 97 Communications (Paytm), FSN E-Commerce (Nykaa), Zomato and PB Fintech (Policybazaar), who together commanded Rs 3.58 lakh crore in market value on Day 1 of their listings, have eroded Rs 1.30 lakh crore worth of investor wealth so far. This is even as a few brokerages find the recent selloff unwarranted.

Stocks at 52-week high

Price as on 17 Feb, 2022 01:45 PM, Click on company names for their live prices.

STOCK IN FOCUS: HUL

Anupam Finserv stock locked in 5% upper circuit as Board of Directors to meet on Saturday to consider and approve allotment of 10,512,500 Bonus Equity Shares

Anupam Finserv stock locked in 5% upper circuit as Board of Directors to meet on Saturday to consider and approve allotment of 10,512,500 Bonus Equity Shares

RITES, IIT-Madras sign MoU for marine infra works

RITES Limited and the Indian Institute of Technology, Madras (IIT-M) have entered into a memorandum of understanding (MoU) to cooperate and explore marine infrastructure works.

Punjab & Sind Bank to offer, issue, create and allot equity shares up to Rs 4600 crore (including share premium) to the govt by way of preferential issue of equity shares.

Price as on 17 Feb, 2022 12:55 PM, Click on company names for their live prices.

Sensex Today: Volatility continues to rule indices

Sensex Today: Volatility continues to rule indices

IN FOCUS: Telecom stocks

Live market update: Top 10 gainers in early afternoon session

Price as on 17 Feb, 2022 12:35 PM, Click on company names for their live prices.

Income Tax department conducting raids on former NSE MD Chitra Ramakrishna

  • Ramkrishna was the managing director and CEO of the NSE from April 1, 2013 to December 2, 2016. She has been accused of leaking sensitive information to an invisible Baba. As per Ramkrishna, the baba was dwelling in Himalayan ranges, guided her on personal and professional matters for 20 years.

  • Ramkrishna was ousted from NSE in 2016 for her role in the co-location and algo trading scam and abuse of power.

  • Ramkrishna has refused to reveal the identity of the unknown person and sought to claim that the unknown person is a spiritual force, the regulator has noted.

Q4 EARNINGS: NESTLE INDIA

  • Revenue: Rs 3706.2 cr vs Rs 34,17.5 cr YoY
  • PAT: Rs 386.6 cr vs Rs 483.3 cr YoY
  • The Board of Directors have recommended a final dividend for 2021 of Rs 65 per equity share
Q4 EARNINGS: NESTLE INDIA

JP Morgan overweight on Tata Motors, sees over 30% upside

JPMorgan has initiated coverage on Tata Motors with an ‘overweight’ rating, as it believes the automaker has demonstrated a commitment to deleverage its balance sheet.

While suggesting a target of Rs 660 on the stock (up 32 per cent over the last close of Rs 498.20), JPMorgan said the JLR owner can achieve its zero net debt target. The brokerage added that the automaker has seen improvement in product mix and right-sizing of cost and investments in JLR.

BUZZING STOCK: Nykaa hits new all-time low

BUZZING STOCK: Nykaa hits new all-time low

Maruti Suzuki Subscribe expands further, partners with Quiklyz by Mahindra Finance

  • Adds Kolkata market in its Subscription program, now available across 20 cities
  • Customers can now also subscribe Maruti Suzuki vehicles for a period of 60 months

Reliance delays 21-day crude unit shutdown to Sept: Reuters

  • India’s Reliance Industries Ltd, operator of the world’s biggest refining complex at Jamnagar in western India, has deferred a maintenance shutdown of a crude unit at its export-focussed plant to September from March, sources familiar with the matter said.

  • The refiner had earlier planned to shut a crude unit at its 704,000 barrels per day (bpd) refinery for about three weeks in March, sources said. The refinery has two equal size crude units.

  • The maintenance turnaround now has been delayed to September, sources said.

  • Trade sources said that shutdown has been deferred to take advantage of robust cracks for the refined fuels.

Live market update: India VIX surges over 5%, nears 21.65 level

This microcap rallies 20% as RK Damani picks 5% stake in firm

Shares of Advani Hotels & Resorts (India) hit the upper circuit of 20 per cent during early trade on Thursday as ace investor Radhakishan Damani picked a stake in the company. According to a regulatory filing, Radhakishan Damani-backed Derive Investments bought 23.93 lakh equity shares or a 5.17 per cent stake in the company.

This microcap rallies 20% as RK Damani picks 5% stake in firm

JUST IN: Gravita India announces that “Refined Lead” of 99.98% purity and above produced by the company from its Chittoor plant has been empanelled as approved Lead brands deliverable against MCX Lead futures contract

Price as on 17 Feb, 2022 10:32 AM, Click on company names for their live prices.

Most power stocks in the green

Power and Energy stocks in focus as government may announce first phase of green hydrogen policy soon.

Most power stocks in the green

Auto stocks gain in weak market

Price as on 17 Feb, 2022 10:26 AM, Click on company names for their live prices.

Live market update | Midcap index holds gains

Live market update | Midcap index holds gains

After posting the highest annual sales in the company’s history in the calendar year 2021, the maker of the Nexon and Harrier SUVs is eyeing a record January-March period, the fiscal fourth quarter, with sales of 125,000 vehicles, people in the know said.

Price as on 17 Feb, 2022 09:53 AM, Click on company names for their live prices.

FMCG sector in the green in a weak market; here are top gainers from the pack

Price as on 17 Feb, 2022 09:50 AM, Click on company names for their live prices.

Nifty slips into the red as US futures extend decline

Nifty slips into the red as US futures extend decline

GLOBAL MARKET ALERT

  • S&P 500 e-mini futures down 0.67%
  • Nasdaq 100 futures down 0.92%

STOCK IN FOCUS: Hikal shares tumble as co receives notice to shut plant

  • Company has received a notice from the Maharashtra Pollution Control Board (MPCB) on February 15, 2022, for closure of the Company’s Manufacturing Unit located at MIDC Taloja, Dist. Raigad, within 72 hours of the receipt of the said notice, in view of certain alleged non-compliances of the conditional Consent to operate and the recent Surat issue.

  • The Taloja unit had contributed approx. Rs 260 crores amounting to around 15% of the turnover of the Company for financial year 2020-21.

  • The Company is taking appropriate legal measures as advised by counsels before the Pollution Board as well as Courts to remedy the situation and seek reliefs against the Closure Notice.
STOCK IN FOCUS: Hikal shares tumble as co receives notice to shut plant

There are some significant trends which have the potential to impact the market both negatively and positively. Globally inflation is becoming a major threat which will force the leading central banks to raise rates steeper-than-expected. The consequent capital outflows from emerging markets will negatively impact EMs including India.A divergent trend is that inflation in India is largely under control and consumer and business confidence is improving. The third wave of the pandemic didn’t have any significant adverse impact. Q3 results indicate smart pick up in the profitability of financials, IT, energy and metals and this trend is likely to continue with segments like autos joining the group of outperforming sectors. Therefore, even in the midst of global headwinds and FII selling there are opportunities for selective investment in performing sectors

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Most active stocks on NSE in early trade

Price as on 17 Feb, 2022 09:21 AM, Click on company names for their live prices.

Sector Watch | All indices in the green

Sector Watch | All indices in the green

Sensex Heatmap | 24 of 30 stocks trade higher in opening deals

Sensex Heatmap | 24 of 30 stocks trade higher in opening deals

OPENING BELL: Sensex gains 250 points, Nifty tops 17,400; Adani Power jumps 4%, Hikal tanks 8%

Podcast: Market news, views and cues

Pre-open session: Sensex gains 300 points, Nifty at 17,370

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 40.5 points, or 0.23 per cent, higher at 17,358, signaling that Dalal Street was headed for a positive start on Thursday.

Tech View: Nifty50 upside hurdle seen at 17,500

Nifty50 on Wednesday came under selling pressure after testing its 20-day and 50-day moving averages. The index ended up forming an indecisive Spinning Top candle on the daily chart. The 17,500 level is a key hurdle to watch out for, said analysts. One needs to be cautiously bullish at this level, they said. Read more at:https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty50-forms-indecisive-candle-upside-hurdle-seen-at-17500/articleshow/89618395.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Hong Kong shares flat at open

Hong Kong stocks were barely moved in the first few minutes of trade Thursday morning as investors try to assess the situation in the Russia-Ukraine crisis while awaiting an idea about the Federal Reserve’s plan to raise interest rates. The Hang Seng Index inched up 3.98 points to 24,722.88. The Shanghai Composite Index eased 0.05 percent to 3,464.21, while the Shenzhen Composite slipped 0.15 percent to 2,293.45.

Tokyo shares open lower

Tokyo shares opened lower Thursday as investors sought new cues while monitoring tensions over Ukraine and digesting healthy US indicators. The benchmark Nikkei 225 index eased 0.11 percent or 28.96 points to 27,431.44 in early trade, while the broader Topix index lost 0.15 percent or 2.98 points to 1,943.65.

Oil slides after France and Iran say closer to a nuclear deal

Oil slid more than 2% in early Asian trade on Thursday after both France and Iran said parties are closer to an agreement to salvage Iran’s 2015 nuclear deal with world powers, offsetting ongoing concerns over the situation in Ukraine. WTI crude was trading down $2.50, or 2.7%, at $91.16 a barrel at 0058 GMT, after it ended up 1.7% the previous day. Brent crude was trading down $2.43, or 2.6%, at $92.38.

US stocks settled almost flat

On Wall Street, the Dow Jones Industrial Average fell 0.16%, the S&P500 index gained 0.09% and the Nasdaq Composite dropped 0.11%. All 11 sectors of the S&P early in the session were higher, with the exception of the energy index , but stocks pared losses after the Fed minutes came out. MSCI’s gauge of stocks across the globe reversed course to post a 0.32% gain, while its emerging markets index rose 1.23%.

US January retail sales surge 3.8% as consumers defy inflation

Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger gain than economists had expected.

Faster rate hikes likely if inflation stays high, suggest Fed minutes

Federal Reserve policymakers concluded last month that they would accelerate their tightening of credit if inflation failed to slow in the coming months. Most officials agreed that faster interest rate hikes would be needed “if inflation does not move down” as the Fed’s policymaking committee expects, according to the minutes of the central bank’s late January policy meeting.

Rupee surges 23 paise to 75.09 against dollar

Rising for the second straight day, the rupee appreciated by 23 paise to close at 75.09 against the US dollar on Wednesday as easing of tensions between Russia and Ukraine helped lift risk appetite. At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24. It finally settled at 75.07, a rise of 25 paise over its previous close.

Sensex, Nifty on Wednesday

Market benchmarks closed in the red after a highly volatile session despite signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent. Likewise, the NSE Nifty see-sawed between gains and losses before settling 30.25 points or 0.17 per cent lower at 17,322.20.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





Read More: Sensex Today: Stock Market LIVE Updates: Sensex trades firm, Nifty tests 17,400; Nykaa

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