Share Market HIGHLIGHTS: Sensex ends 354 pts below day's high on F&O expiry day, Nifty sinks below 17,550

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Nifty50 sheds 381 pts in February F&O series

The 50-scrip headline index falls 380.7 points or 2.1 per cent in the February futures & options series.

The Sensex loses 599.3 points or one per cent during this period.  

Stock Market Update | Sensex retreats 354 pts from day's high to end at 59,606, Nifty50 gives up 17,550 

Read more on the February 23 session

Share Market Today LIVE | Adani Power, Adani Transmission, Adani Green, Adani Total locked in lower circuit as most group stocks bleed

Global Market LIVE | European markets begin Thursday largely in the green led by semiconductor chip stocks

Equities across European markets begin the day stronger amid gains in semiconductor chip stocks following a positive sales forecast from Nvidia. The pan-European STOXX 600 index is up 0.1 per cent, halting a two-day losing streak. However, caution persists among investors about the prospects of higher-for-longer benchmark interest rates.

• UK's FTSE: down 0.3 per cent
• France's CAC: up 0.2 per cent
• Germany's DAX: up 0.5 per cent

Global Market LIVE | Dow Jones, S&P 500, Nasdaq futures firmly in the green, suggest a positive start ahead on Wall Street

Here's what the futures of the three main Wall Street indices fare at this hour in Asian trade:

• Dow Jones futures: up 0.4 per cent
• S&P 500 futures: up 0.5 per cent
• Nasdaq Composite futures: up 0.9 per cent 

On Wednesday, the Wall Street indices settled on a mixed note, with the Dow Jones and the S&P 500 slipping 0.2-0.3 per cent and the technology stocks-heavy Nasdaq Composite rising 0.1 per cent at the close. That was the fourth straight weaker closing for S&P 500  — its longest negative run since mid-December.

According to minutes from the Federal Reserve's January 31-February 1 meeting, released on Wednsday, "almost all" Fed officials agreed to slow the pace of increases in interest rates to a quarter of a percentage point.

Stock Market Tips LIVE | Buy UPL shares, says Mehul Kothari 

Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying UPL shares for a target price of Rs 775 with a stop loss at Rs 730. 

Stock Market LIVE Today | Ruchit Jain recommends buying Nifty50 futures in 17,520-17,500 range 

Ruchit Jain of 5Paisa suggests going long on Nifty futures in the 17,520-17,500 band for a target of 17,650 with a stop loss at 17,450.

Stock Market Tips LIVE | Ruchit Jain recommends buying Hindustan Aeronautics, selling Jubilant FoodWorks shares 

Ruchit Jain of 5Paisa shares two stock picks with Zee Business viewers:

• Buy HAL shares for a target of Rs 2,660 with a stop loss at Rs 2,470 
• Sell Jubilant FoodWorks for a target of Rs 432 with a stop loss at Rs 460 

Stock Market Today LIVE | ITC, TCS, Axis Bank, Reliance top boosts for Sensex; HDFC twins, Asian Paints pose maximum pressure

Share Market LIVE Today | ITC shares soar to record high of almost Rs 394

The stock of the cigarettes-to-hotels conglomerate gain by as much as Rs 10.1 or 2.6 per cent to a record Rs 393.9 apiece on BSE. 

At noon, ITC shares are holding on close to the peak, at Rs 393.8 apiece, with huge volumes. As many as 7.9 lakh ITC shares have changed hands on BSE so far today, as against a daily average of 3.5 lakh in the past two weeks, according to exchange data. 

Read more on ITC shares

Stock Market Tips LIVE | Astha Jain recommends buying Kirloskar Ferrous for targets up to Rs 440

Astha Jain of Hem Securities shares one stock pick with Zee Business viewers. She has a 'buy' call on Kirloskar Ferrous at Rs 410 for targets of Rs 434 and Rs 440 with a stop loss at Rs 390. 

Gold Rate Today LIVE | MCX futures slide below Rs 56,000 per 10 grams mark

MCX near-month gold futures (April 5) are quoting lower by Rs 201 or 0.4 per cent at Rs 55,882 per 10 grams, having declined to as low as Rs 55,851 per 10 grams earlier in the day. 

Sensex LIVE | ITC, Tata Steel, Tech Mahindra, TCS rise most among 20 gainers in 30-scrip basket

On the other hand, Asian Paints, IndusInd Bank, Titan, the HDFC twins and Larsen & Toubro are the top laggards.

Share Market Today LIVE | Delhivery shares rebound after worst day in a month

The stock of the Gurugram-based logistics company rises by as much as Rs 7.5 or 2.2 per cent to Rs 343.9 apiece on BSE, having suffered its worst single-day loss in a month the previous day.

Stock Market Today LIVE | Tata Steel shares jump after Tata Group steel giant raises stake in Neelachal Ispat Nigam

Tata Steel shares gain by as much as Rs 2.5 or 2.2 per cent to Rs 113.7 apiece on BSE. The steelmaker raised its stake in Neelachal Ispat Nigam by purchasing shares worth around Rs 300 crore on February 21. 

In July 2022, the Tata group completed the acquisition of 93.71 per cent in Neelachal Ispat Nigam through its subsidiary Tata Steel Long Products.

Stock Market Today LIVE | Tata Steel, JSW Steel, Coal India top Nifty50 gainers; Asian Paints, Titan, HDFC twins top laggards

Here's a look at the stocks that are rising and falling the most in the 50-scrip basket: 

Top Nifty50 Gainers

Top Nifty50 Losers

Stock Market LIVE Today | Sensex falls over 200 pts, Nifty50 cracks below 17,500 amid weakness across sectors

Both headline indices give up initial gains after a mildly positive start to fall as much as 0.4 per cent in the first 25 minutes of trade.

The Sensex drops 210.8 points to 59,534.2 at the weakest level of the day so far and the Nifty50 slips to as low as 17,483.4, down 71 points from its previous close. 

Here's how their intraday charts are building up: 

Sensex

Nifty50

Anil Singhvi Strategy for February 23 F&O Expiry Day | Support for Nifty50 at 17,450-17,525 levels

Zee Business Managing Editor Anil Singhvi expects a strong support zone for the Nifty50 benchmark in the 17,350-17,400 area. For the Nifty Bank, he sees support emerging in the 39,850-39,900 band, and a strong support zone in the 39,425-39,500 area. 

Read more on how Anil Singhvi views the market on the F&O expiry day and what he recommends 

Share Market LIVE Update | Sensex, Nifty50 edge higher in pre-opening session

Both headline indices finish the pre-opening session 0.1 per cent higher. The Sensex is up 32.7 points at 59,777.6 and the Nifty50 at 17,574.7, up 20.4 points from its previous close.

Stock Market LIVE Today | SGX Nifty futures up over 50 pts, indicate a positive start ahead on Dalal Street

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are up 54.5 points or 0.3 per cent at 17,611.5 at this hour, having risen as much as 64.5 points to 17,621.5 earlier in the day.