Share Market HIGHLIGHTS: Sensex ends 278 pts higher, Nifty50 reclaims 21,800 as financial, auto shares aid recovery on Dalal Street

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Share Market Today: Nifty Midcap 100, Nifty Smallcap 100 indices rise over 1%

The Nifty 500, the broadest index on the bourse, gains 0.7 per cent for the day.  

Share Market Today: Nifty PSU Bank, Nifty Oil & Gas top gainers among NSE's sectoral indices; Nifty IT top laggard, down 1.1%

The IT index finishes 1.1 per cent lower, dragged by stocks such as TCS, Infosys and Tech Mahindra.  

Share Market Today: BPCL, SBI, ONGC, Coal India, Tata Steel rise most among 35 Nifty gainers

Top Nifty50 gainers

Top Nifty50 losers

Share Market Today LIVE: SBI, ITC, Maruti Suzuki among top contributors to Sensex rise

Take a look at the top contributors to the move in the 30-scrip index: 

Image: BSEIndia.cmo

Share Market Today LIVE: Buy Nifty50 futures, targets 21,750, 21,800, says Nilesh Jain

Nilesh Jain of Centrum Broking suggests buying headline index futures for targets of 21,750 and 21,800 with a stop loss at 21,550. 

He also suggests buying the futures of the banking index for a target of 46,000 with a stop loss at 44,900. 

Share Market Today LIVE: Buy Astral Ltd shares, says Nilesh Jain

Nilesh Jain of Centrum Broking has a 'buy' call on Astral Ltd shares. 

Jain has placed his targets for the stock at RS 1,980 and Rs 2,020 with a stop loss at Rs 1,895.

Share Market Today LIVE: Buy ONGC shares, says Nilesh Jain

Nilesh Jain of Centrum Broking recommends buying ONGC shares for targets of Rs 270 and Rs 275 with a stop loss at Rs 261.

ONGC shares have grown 81 per cent in value in the past year, higher than gains to the tune of 22 per cent and 63 per cent in the Nifty50 and Nifty Oil & Gas gauges, respectively. 

Image: BSEIndia.com

Share Market Today LIVE: SUV revenue share up 40 bps at 21% in Q3, says M&M

The share of SUVs in the auto major's revenue improves by 40 basis points to 21.0 per cent in Q3.

Its overall market share expands by 310 basis points to 49.6 per cent.

M&M's electric three-wheeler volumes rise 54 per cent.

Share Market Today LIVE: Mahindra & Mahindra Q3 profit at Rs 2,454 crore; shares remain in the green 

Mahindra & Mahindra (M&M) reports a net profit of Rs 2,454 crore for the quarter ended December 31, 2023, as against a net profit of Rs 1,528 crore for the corresponding period a year ago. 

Its revenue grows 14.4 per cent on a year-on-year basis to Rs 25,290 crore, and EBITDA expands 9.7 per cent to Rs 3,590 crore, according to a regulatory filing. 

M&M shares are holding on firmly to the green minutes into the earnings announcement, up 1.3 per cent for the day at Rs 1,667.6 apiece on BSE.  

Image: BSEIndia.com

Share Market Today LIVE: Nifty IT down 1.9%, dragged TCS, Infosys Tech Mahindra

The IT index is the worst hit among NSE's sectoral gauges at this hour. On the other hand, the Nifty Oil & Gas is the top gainer, with a rise of two per cent. 

Share Market Today LIVE: NMDC shares near day's high as investors await Q3 earnings today

State-run iron ore producer National Mineral Development Corporation's shares are trading higher by Rs 5.1, or 2.3 per cent, at Rs 231.8 apiece on BSE, having risen by as much as Rs 5.3, or 2.3 per cent, to Rs 232 apiece earlier in the day. 

The company is all set to report its financial results for the October-December period (Q3 FY24) today.

Analysts expect the PSU to stage a strong performance on the back of price hikes undertaken by the company during the three-month period.

According to Zee Business research, NMDC is estimated to clock a 55 per cent year-on-year increase in standalone net profit to Rs 1,380 crore and growth of 38.2 per cent in revenue to Rs 5,142 crore for the fiscal third quarter.

Hyderabad-headquartered NMDC is expected to register earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 1,729 crore for the quarter ended December, as against Rs 1,144 crore for the year-ago period, according to Zee Business analysts.

Read more on what to expect in NMDC Q3 results today

Share Market Today LIVE: Paytm shares continue to bleed; is there any ray of hope in sight?

Paytm parent One97 Communications' shares are seeing more or less non-stop hammering, hitting the 10 per cent lower circuit to a record low of Rs 344.1 apiece.

Image: BSEIndia.com

Read more on Paytm shares

Share Market Today LIVE: Wholesale inflation eases to 0.27 per cent in January from 0.73 the previous month

Wholesale or headline inflation—or the rate of increase in the wholesale prices of select goods and services—stood at 0.27 per cent in the country last month, according to official data. According to Zee Business research, wholesale inflation, also known as headline inflation and gauged by the Wholesale Price Index (WPI), was estimated at 0.53 per cent in January. 

Wholesale food inflation cooled to 3.79 per cent last month from 5.39 per cent in December 2023, according to the Ministry of Commerce and Industry.

Read more on wholesale inflation data

Share Market Today LIVE: NBCC shares jump after state-run company stages good Q3 show

NBCC shares rise by as much as Rs 6.2, or 5.0 per cent, to Rs 130.8 apiece on BSE after the company reports a strong set of quarterly numbers. 

The PSU's net profit increased 61 per cent over 13 per cent growth in revenue for the fiscal third quarter, according to a regulatory filing post-market hours on Tuesday. 

NBCC's margin improved by 40 bps to 4.9 per cent for the December quarter. 

Share Market Today LIVE: Wipro shares under pressure amid overall market weakness

Wipro shares decline by as much as Rs 15, or 2.9 per cent, to Rs 497.2 apiece on BSE. 

After market hours on Tuesday, Wipro announced a significant investment in Aggne, a  consulting and managed services company serving insurance and insurtech industries.

The combined capabilities of Wipro and Aggne will help deliver enhanced value, faster speed-to-market, and differentiated services to clients in the P&C sector, Wipro said.9.WIPRO LTD 

Share Market Today LIVE: Deepak Nitrite shares gain after chemical maker's mixed Q3 results 

Deepak Nitrite (DEEPAKNTR) shares rise by as much as Rs 35.7, or 1.6 per cent, to Rs 2,265.8 apiece after the chemical manufacturer reports a mixed set of Q3 results. 

After market hours on February 13, Deepak Nitrite reported a three per cent decline in net profit with 0.9 per cent growth in revenue for the October-December period.  

The company's margin, a key measure of profitability, came in at 15.2 per cent for the quarter under review as against 15.8 per cent for the corresponding period a year ago. 

Share Market Today LIVE: Gujarat Gas shares slump after weak Q3 performance 

Gujarat Gas (GUJGASLTD) shares tumble by as much as Rs 48.8, or 8.7 per cent, to Rs 512.6 apiece after the gas distributor stages a weak financial performance for the October-December period. 

Gujarat Gas reported a 26 per cent fall in net profit with a 2.2 per cent decline in revenue for the fiscal third quarter, according to a regulatory filing. 

Its margin contracted by 280 basis points on a year-on-year basis to 10.2 per cent. 

Read more on Gujarat Gas results

Share Market Today LIVE: Nalco shares surge after strong Q3 results

The stock of state-run National Aluminium Co (Nalco), traded with the symbol 'NATIONALUM' on Dalal Street, surges as much as 8.6 per cent to Rs 154.2 apiece on BSE after the company stages a strong performance for the October-December period. 

The stock is holding on firmly to the green, up 8.4 per cent for the day at Rs 153.9 apiece at this hour, trading in strong volumes. As many as 33.2 lakh shares have changed hands in intraday trade so far as against a daily average of 20.6 lakh in the past two weeks, according to provisional exchange data.  

After market hours on Tuesday, Nalco registered a 79 per cent jump in net profit with 1.5 per cent growth in revenue for the fiscal third quarter. 

The PSU's December-quarter margin improved by 900 basis points to 23 per cent. 

Share Market Today LIVE: Hindustan Copper shares rise 2% after Q3 margin expands by 620 bps

Hindustan Copper (HINDCOPPER) shares gain as much as 1.9 per cent to Rs 255 apiece after the state-run copper producer staged a mixed performance for the fiscal third quarter. 

After market hours on Tuesday, the PSU reported a 21 per cent decline in net profit with 28 per cent de-growth in revenue for the quarter ended December 31, 2023. 

The company's margin, a key measure of profitability, however, improved to 26.7 per cent for the quarter under review from 20.5 per cent a year ago. 

Image: BSEIndia.com

Share Market Today LIVE: Capital Small Finance Bank shares list at 8% discount to issue price  

Share Market Today LIVE: Rashi Peripherals makes a strong debut on Dalal Street, stock lists at 9% premium over issue price

Share Market Today LIVE: IRCTC shares register mild gains after in-line Q3 results

Indian Railway Catering and Tourism Corporation (IRCTC) shares rise, shrugging off oceans of weakness on Dalal Street, after the public sector company reported a set of quarterly numbers that largely met analysts' expectations. The IRCTC stock gains by as much as Rs 12.2, or 1.3 per cent, to Rs 923 apiece on BSE. 

After market hours on Wednesday, IRCTC reported a consolidated net profit of Rs 300 crore for the quarter ended December 31, 2023, up 17.4 per cent on a year-on-year basis. Its revenue grew 22 per cent to Rs 1,118.3 crore for the quarter under review, according to a regulatory filing.

Its margin, a key measure of profitability, stood at 35.2 per cent. 

According to Zee Business research, IRCTC's third-quarter net profit was estimated at Rs 305 crore, revenue at Rs 1,080 crore, and margin at 35.2 per cent. 

Read more on IRCTC shares

Share Market Today LIVE: Jana Small Finance Bank lists at 4% discount to issue price

Share Market Today LIVE: Three stocks to enter listed space today; here's what market wizard Anil Singhvi recommends on Capital SFB, Jana SFB, Rashi Peripherals 

Catch latest updates on Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance Bank here

Share Market Today LIVE: Tech Mahindra, Infosys, Wipro, LTIMindtree, HDFC Bank worst hit among 40 Nifty losers

Some of the few Nifty50 gainers

Share Market Today LIVE: Nifty sinks below 21,600, Sensex slumps 600 pts; Eicher Motors, Wipro, LTIMindtree top blue-chip losers, fall over 2%

Share Market Today LIVE: Crude oil drops on sticky inflation, bigger-than-expected US stockpiles buildup 

Crude oil prices fall in early Asian trade after a US industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the Fed.

• Brent futures: down by 29 cents, or 0.4 per cent, at $82.5/barrel
• WTI futures: down by 22 cents, or 0.3 per cent, at $77.7/barrel

Read more on crude oil

Share Market Today LIVE: Dollar near three-month highs as red-hot US inflation cools bets for Fed cuts

The dollar trades near three-month highs to major peers as traders pushed back bets for a first Fed interest rate cut following surprisingly hot US inflation figures overnight.

The US currency's push above 150 yen for the first time since November 17 has spurred Japan's top currency diplomat to hint at the risk of intervention if "rapid", "speculative" yen declines continue.

Read more on dollar

Share Market Today LIVE: Asian shares fall after overnight losses on Wall Street following red-hot US inflation reading

Asian shares are in the red this morning, following sharp losses on Wall Street following a worse-than-expected US inflation reading, as traders pare back expectations for the pace and scale of rate cuts by the Fed this year. MSCI's broadest index of Asia Pacific shares outside Japan is down 0.7 per cent.

Here's where some of the key indices in the region stand at this hour:  

• Japan's Nikkei 225: down 0.8 per cent
• China's Hong Kong's Hang Seng: down 0.5 per cent
• Singapore's Straits Times: down 0.7 per cent
• South Korea's KOSPI: down 1.2 per cent

Read more on Asian stocks

Share Market Today LIVE: Dow Jones, S&P 500, Nasdaq Composite tumble after worse-than-expected rise in US consumer prices 

The three main Wall Street benchmarks, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, end between 1.4 per cent and 1.8 per cent lower on Tuesday as a worse-than-expected consumer inflation reading pushes back market expectations of imminent interest rate cuts, driving US Treasury yields higher. Here's where the three gauges stand at the end of Tuesday's trade: 

• Dow Jones Industrial Average: down 524.6 points, or 1.4 per cent, at 38,272.8
• S&P 500: down 68.7 points, or 1.4 per cent, at 4,953.2
• Nasdaq Composite: down 287 points, or 1.8 per cent, at 15,655.6

For the Dow Jones Industrial Average, it is the worst single-day percentage drop in nearly 11 months.

Image: Reuters

Share Market Today LIVE: GIFT Nifty futures indicate a sharply negative start on Dalal Street

GIFT Nifty futures, an early indicator of the benchmark Nifty50 index, are down 179 points, or 0.8 per cent, at 21,639.5 at this hour, suggesting a gap-down start ahead on Dalal Street today.  

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