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Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a volatile session on Tuesday flat, as the stock market took mixed cues from global markets where investors weighed earnings optimism against the prospect of more of steep hikes in key interest rates. They also tracked a key address by Russian President Vladimir Putin closely following US President Joe Biden's surprise visit to Ukraine.
The Indian share market saw losses in IT and financial shares weighing on both headline indices, though gains in oil & gas and financial stocks kept the downside in check.
A majority of stocks in the Nifty50 universe closed lower, with Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto and Tata Motors being the top losers. On the other hand, NTPC, Britannia, Tata Steel, Reliance and PowerGrid rose the most among the 20-odd gainers in the 50-scrip basket.
Among heavyweights, Infosys, TCS and ITC posed maximum pressure on Sensex, though HDFC Bank, NTPC and Reliance lent some support.
Overall market breadth was skewed in favour of the bears, with an advance-decline ratio of 7:10 as 1,461 stocks rose and 1,991 fell on BSE.
Uflex shares suffered sharp losses after Zee Business reported that Income Tax Department authorities raided the packaging company's offices in Noida.
Global markets: European markets fell following weak cues from Asia ahead of key manufacturing data from the US, the eurozone, the UK and France that could offer a window into the health of the world economy, with the pan-continent Stoxx 600 index down 0.2 per cent at the last count.
S&P 500, Dow Jones and Nasdaq Composite futures regained some ground after falling around one per cent each initially as Russian President Vladimir Putin began a key address to the country's parliament, suggesting a weak start ahead on Wall Street as investors return to trade after a long weekend owing to a holiday.
21 Feb 2023, 4:41 PM (IST)
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21 Feb 2023, 4:22 PM (IST)
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21 Feb 2023, 4:09 PM (IST)
European markets begin the day in the red ahead of the release of key PMI readings for the US, the euro zone, the UK and France, which could offer a window into the health of the world economy. The pan-European Stoxx 600 index is down 0.2 per cent at this hour.
Market players are looking out for signs of the toll tighter monetary policy has taken on economic activity.
21 Feb 2023, 3:33 PM (IST)
The Nifty50 settles at 17,826.7 for the day, down 17.9 points or 0.1 per cent from its previous close. The Sensex declines 18.8 points to end at 60,672.7.
Here's how the headline indices moved through the day:
Sensex

Nifty50

21 Feb 2023, 3:31 PM (IST)

Analysts say early updates from Russian President Vladimir Putin's speech so far has no alarming signals for the markets.
21 Feb 2023, 3:20 PM (IST)
In an interaction with Zee Business Managing Editor Anil Singhvi, Vikas Sethi of Sethi Finmart shares two stock picks:
21 Feb 2023, 3:19 PM (IST)
21 Feb 2023, 3:15 PM (IST)
"It's they (Western countries) who have started the war. And we are using force to end it," says Russian President Vladimir Putin, reports news agency AP. The speech is being broadcast by all Russian state TV channels.
Putin has frequently justified his invasion of Ukraine by accusing Western countries of threatening Russia.
21 Feb 2023, 1:45 PM (IST)
Russian President Vladimir Putin is delivering his state of the nation address. His speech comes close on the heels of US President Joe Biden's surprise visit to Ukraine, and days ahead of the Russia's full-scale invasion of Ukraine completes one year.
Russian President Vladimir Putin has started delivering his state-of-the-nation address, days before the anniversary of Moscow's full-scale invasion of Ukraine. https://t.co/3C0u9lqH2F
— The Associated Press (@AP) February 21, 2023
21 Feb 2023, 1:38 PM (IST)
Sensex LIVE: Here's a look at top gainers and top losers in the 30-scrip universe:
| Sensex live | |
| Top gainers | Top losers |
| NTPC | Sun Pharma |
| Tata Steel | Tata Motors |
| Reliance | IndusInd |
| PowerGrid | Axis Bank |
| Larsen & Toubro | Asian Paints |
Here's how the entire pack is faring at this hour:

21 Feb 2023, 1:35 PM (IST)
Chandan Taparia of Motilal Oswal Financial Services also has a 'buy' call on Nifty50 futures for a target of 18,000 with a stop loss at 17,777.
Nifty LIVE:

21 Feb 2023, 1:17 PM (IST)
Chandan Taparia of Motilal Oswal Financial Services shares two stock picks:
21 Feb 2023, 1:09 PM (IST)
Nilesh Jain of Centrum Broking has two buy calls for Zee Business viewers:
21 Feb 2023, 1:01 PM (IST)
The Sensex is barely in the green,up 16.2 points at 60,707.8, having swung in a range of more than 350 points so far today. Stocks such as Infosys, TCS, Axis Bank and Sun Pharma weigh on Sensex at this hour.

21 Feb 2023, 12:42 PM (IST)
US President Joe Biden is set to consult with allies from the North Atlantic Treaty Organization's eastern flank in Poland on Tuesday as the Russian invasion of Ukraine edges towards an even more complicated stage, news agency AP reported. After paying a surprise visit to Ukraine capital Kyiv, Biden made his way to Warsaw on Monday on a mission to solidify Western unity as both Ukraine and Russia prepare to launch spring offensives.
Biden is scheduled to meet with Polish President Andrzej Duda and deliver an address from the gardens of Poland capital Warsaw's Royal Castle on Tuesday, where he is expected to highlight the commitment of the central European country and other allies to Ukraine over the past year, according to the report. On Wednesday, he will consult with Duda and other leaders of the Bucharest Nine, a group of the easternmost members of NATO military alliance, it added.
The Ukraine-Russia conflict, the most significant war in Europe since World War II, has already left tens of thousands dead, devastated Ukraine's infrastructure system and damaged the global economy.
21 Feb 2023, 12:13 PM (IST)
Joyalukkas has withdrawn its Rs 2,300 crore ($278 million) IPO, according to a document on market regulator Sebi's website.
21 Feb 2023, 12:06 PM (IST)

Cummins India shares decline by as much as two per cent to Rs 1,582 apiece on BSE as the stock goes ex-dividend. On February 8, the engineering company announced an interim dividend of Rs 12 per share.
21 Feb 2023, 12:06 PM (IST)
On the other hand, Sun Pharma, Wipro, Bajaj Finserv, Asian Paints and Tata Motors are the worst hit among the 13 laggards in the 30-scrip basket.
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21 Feb 2023, 11:44 AM (IST)
Ujjivan Small Finance Bank shares rise 2.7 per cent to Rs 28.1 apiece at the strongest level of the day after the dividend announcement.

The company's board has set March 1 as the record date for the dividend.
21 Feb 2023, 11:41 AM (IST)
Shivangi Sarda of Motilal Oswal Financial Services shares two stock picks with Zee Business viewers:
21 Feb 2023, 11:24 AM (IST)

Uflex shares fall by as much as Rs 22 or 4.5 per cent to a 52-week low of Rs 466 apiece, after Zee Business reported that the Income Tax Department is conducting raids at the packaging company's office in Noida. Read more on Uflex income tax raid
21 Feb 2023, 10:39 AM (IST)
Hemang Jani of Motilal Oswal Financial Services suggests going long on Finolex Cables for a target of Rs 760 with a perspective of 3-6 months.
Finolex Cables shares have rewarded investors with a return of 22.7 per cent in the past one month alone. To put it into perspective, the Nifty50 benchmark has declined 1.2 per cent during this period.

21 Feb 2023, 9:58 AM (IST)
| Stock | Symbol | Change (%) | CMP |
| Adani Transmission | ADANITRANS | -5 | 830.3 |
| Adani Green Energy | ADANIGREEN | -5 | 567.7 |
| Adani Total Gas | ATGL | -5 | 878.9 |
| ACC | ACC | 0.5 | 1,858.8 |
| Adani Enterprises | ADANIENT | 0.8 | 1635 |
| Adani Wilmar | AWL | 2 | 438.2 |
| Adani Ports and Special Economic Zone | ADANIPORTS | 2.1 | 592.1 |
| NDTV | NDTV | 2.8 | 215 |
| Ambuja | AMBUJACEM | 3 | 363.8 |
| Adani Power | ADANIPOWER | 5 | 171.2 |
21 Feb 2023, 9:51 AM (IST)
Here's a look at top movers and shakers of the 30-scrip gauge at this hour:

21 Feb 2023, 9:48 AM (IST)
Ujjivan Small Finance Bank shares rise 1.6 per cent to Rs 27.8 apiece at the strongest level of the day so far.

The small finance bank's board meets today to consider an interim dividend for the financial year 2022-23.
21 Feb 2023, 9:32 AM (IST)

21 Feb 2023, 9:28 AM (IST)
In an interaction with Zee Business Managing Editor Anil Singhvi, Sumeet Bagadia of Choice Broking recommends selling Aurobindo Pharma shares for targets of Rs 455 and Rs 445 with a stop loss at Rs 473.
21 Feb 2023, 9:15 AM (IST)
Both headline gauges gain as much as 0.3 per cent in the first 15 minutes of trade. The Sensex rises 159.5 points to touch 60,851.1 at the strongest level of the day so far, and the Nifty50 climbs to as high as 17,905.9, up 61.3 points from its previous close.
Here's how the intraday charts are building up for both indices:
Sensex

Nifty50

21 Feb 2023, 9:11 AM (IST)
Equities in most other major Asian markets are looking weak this morning as the prospect of the Fed having to stay on its hawkish path weighs on sentiment. Investors await the release of the minutes of the latest FOMC meeting for more clarity on the future course of interest rates.
MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.6 per cent at this hour.
Here's what some of the main indices in the region look like:
21 Feb 2023, 9:10 AM (IST)
Both headline indices finish the pre-opening session with mild gains. The Sensex rises 78.9 points or 0.1 per cent to 60,770.4 and the Nifty50 climbs to as high as 17,905.8, up 61.2 points or 0.3 per cent from its previous close.
21 Feb 2023, 8:46 AM (IST)
Zee Business Managing Editor Anil Singhvi expects a strong buy zone for the Nifty50 benchmark in the 17,650-17,725 band.
For the Nifty Bank, he sees support coming in at 40,375-40,525 levels followed by a strong base in the 40,075-40,175 band.
21 Feb 2023, 8:44 AM (IST)
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today.
Varun Dubey recommends buying Voltas shares for a target of Rs 900 with a stop loss at Rs 865
Kushal Gupta suggests buying Asian Paints shares for a six-month target of Rs 3,150
21 Feb 2023, 8:00 AM (IST)
Foreign institutional investors net offloaded Indian equities to the tune of Rs 159 crore on Monday — a second straight day of net outflow for Dalal Street, according to provisional exchange data.
Domestic institutional investors, on the other hand, made net purchases of Rs 86.2 crore on Monday following net sales of Rs 85.3 crore on Friday, according to the data.
21 Feb 2023, 7:48 AM (IST)
Here's a list of some of the top trading picks for today's session:
Buy Sona BLW Precision Forgings (SONACOMS) in the cash segment at Rs 472 for a target of Rs 498 with a stop loss at Rs 455
Buy Voltas for a target of Rs 901 with a stop loss at Rs 858
Buy Firstsource Solutions shares for a target of Rs 124 with a stop loss at Rs 116
21 Feb 2023, 7:41 AM (IST)
Indian equity benchmarks Sensex and Nifty50 finished a volatile session in the red on Monday, extending losses to a second back-to-back trading session, amid weakness in financial, oil & gas and FMCG shares though strength in IT stocks lent some support.
Both headline indices declined half a per cent for the day, with the Sensex losing 311 points to 60,691.5 and the Nifty50 settling at 17,844.6, down 99.6 pts from its previous close.
Here's how the indices moved through the day:
Sensex

Nifty50

21 Feb 2023, 7:38 AM (IST)
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are up 14.5 points or 0.1 per cent at 17,879.5 at this hour, having broadly gyrated within the 17,850-17,900 band around the flatline earlier in the day.
21 Feb 2023, 7:38 AM (IST)
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
Happy trading, and happy investing!