Share Market HIGHLIGHTS: Sensex ends 376 pts higher, Nifty50 reclaims 22,000 as D-Street extends gains to 4th day in a row
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty and Sensex extended gains to the fourth session in a row on Friday, February 16, tracking gains across global markets. Catch all the highlights of the February 16 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished higher for the fourth session in a row on Friday, February 16, mirroring gains across global markets. Buying in auto and IT stocks, along with select financial shares, led the upmove in the market, whereas oil & gas counters limited the upside.
Investors awaited the last leg of corporate earnings for domestic cues.
Meanwhile, here are some of the stocks that made headlines on February 16:
- What to do with HDFC Bank, SBI, SBI Card, BPCL, Gujarat Gas, Voltas shares today? Here's what brokerages suggest
- Entero Healthcare shares debut on Dalal Street; here's what experts recommend
- Analysts betting big on HDFC Bank
- SpiceJet shares zoom after passenger traffic data
- SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
- Dilip Buildcon hits 52-week high for third straight day
- Stocks to buy: Titan, Polycab, UBL among analysts' top picks
Catch all the highlights of the February 16 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Broad indices Nifty Midcap 100, Nifty Smallcap 100 rise 0.6%
Index Feb 16 close Change (%) NIFTY 500 20,164.90 0.64 NIFTY MIDCAP 100 49,131.95 0.64 NIFTY SMALLCAP 100 16,194.00 0.55 The Nifty 500, NSE's broadest index, ends 0.6 per cent higher.
Market breadth favoured the bulls, with 13 stocks rising against every 10 falling at the close on BSE.
Share Market Today LIVE: Wipro, SBI Life, M&M rise most among 38 Nifty gainers; Sun Pharma, Kotak Mahindra Bank top losers
Top Nifty gainers
Index Feb 16 close Change (%) WIPRO 541.95 4.52 SBILIFE 1,514.00 4.17 M&M 1,838.00 4.13 ADANIPORTS 1,310.10 3.4 BAJAJ-AUTO 8,344.00 2.72 LT 3,382.80 2.5 TATAMOTORS 938.4 1.94 MARUTI 11,298.65 1.88 HEROMOTOCO 4,898.90 1.7 TATACONSUM 1,148.95 1.55 Top Nifty losers
Index Feb 16 close Change (%) SUNPHARMA 1,507.55 -0.16 KOTAKBANK 1,735.00 -0.24 ASIANPAINT 3,007.00 -0.32 AXISBANK 1,068.00 -0.39 APOLLOHOSP 6,600.00 -0.42 NTPC 337.4 -0.55 RELIANCE 2,925.00 -0.55 SBIN 757.35 -0.57 BRITANNIA 4,922.00 -0.58 POWERGRID 274.5 -2.54 Share Market Today: Nifty Auto, Nifty Pharma, Nifty Realty, Nifty IT rise most among NSE's sectoral indices; Nifty Oil & Gas top loser, down 0.6%
Index Feb 16 close Change (%) NIFTY AUTO 20,423.45 2.21 NIFTY PHARMA 18,870.80 1.63 NIFTY REALTY 882.7 1.53 NIFTY IT 38,477.05 1.26 NIFTY HEALTHCARE INDEX 12,039.05 1.12 NIFTY MEDIA 2,164.80 0.99 NIFTY METAL 7,976.45 0.83 NIFTY PRIVATE BANK 23,240.90 0.81 NIFTY CONSUMER DURABLES 31,437.85 0.51 NIFTY FMCG 53,518.60 0.37 NIFTY BANK 46,384.85 0.36 NIFTY FINANCIAL SERVICES 20,472.75 0.28 NIFTY PSU BANK 7,135.00 -0.36 NIFTY OIL & GAS 11,854.10 -0.61 Share Market Today: Sensex ends 376 pts higher, Nifty50 leaps to 22,041 as market rises for 4th day in a row
Larsen & Toubro, Infosys, HDFC Bank top contributors to Sensex gain; RIL, Power Grid, Axis Bank play spoilsport
Image: BSEIndia.com
Share Market Today LIVE: SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
SBI shares are up 1.2 per cent at Rs 770.8, having registered a record high of Rs 774.7 apiece earlier in the day.
Share Market Today LIVE: Aurobindo Pharma stock holds on to the green after US FDA gives clean chit to its Telangana unit
Aurobindo Pharma shares are up 1.9 per cent at Rs 1,037.4 apiece on BSE at this hour, having risen to as high as Rs 1,054 earlier in the day.
Image: BSEIndia.com
Share Market Today LIVE: US drug regulator gives clean chit to Aurobindo Pharma for its Telangana unit
Aurobindo Pharma receives a clean chit from the US Food and Drug Administration (FDA) after the US regulator completes inspection at the pharmaceutical company's plant in Telangana.
The American regulator began its probe on February 12.
Share Market Today LIVE: SpiceJet shares zoom 13% after DGCA data
SpiceJet shares strengthen by as much as Rs 8.3, or 13 per cent, to Rs 71.9 apiece on BSE.
Share Market Today LIVE: Analysts betting big on HDFC Bank shares
HDFC Bank shares turn flat after registering mild gains in the morning. The index heavyweight is barely in the red at this hour, trading at Rs 1,412.5 apiece on BSE.
The stock has gained some ground after its Q3 earnings led to a fall of about eight per cent in its stock.
Several foreign brokerages are upbeat on the counter.
Morgan Stanley has maintained its 'overweight' rating on HDFC Bank with a target of Rs 2,110 per share, which implies an upside of more than 49 per cent from the previous close.
Share Market Today LIVE: Entero Healthcare Solutions shares at over 4% discount to issue price
Entero Healthcare Solutions (ENTERO) shares, which debuted in the secondary market at 10 am, face selling pressure, trading at Rs 1,204.8 and Rs 1,203.7 apiece on BSE and NSE, respectively.
Share Market Today LIVE: BPCL shares hit record high after Jefferies raises target price
BPCL shares rise as much as 5.4 per cent to register an all-time high of Rs 687.7 apiece on BSE.
The record high in the state-run OMC stock comes on the back of an upgrade by Jefferies.
The brokerage has upgraded BPCL to 'buy' from 'underperform' and raised its target to Rs 890 from Rs 415 per share.
Share Market Today LIVE: Gujarat Gas shares slump after gas distributor's weak Q3 results
Gujarat Gas shares fall sharply as several brokerages remain bearish on the stock after the gas distribution company's weak quarterly results. The Gujarat Gas stock drops as much as 6.2 per cent to Rs 545 apiece on BSE.
After market hours on Thursday, the gas distributor reported a 26 per cent quarter-on-quarter fall in standalone profit after tax (PAT) to Rs 220 crore for the October-December period. Its revenue from operations increased 2.2 per cent sequentially to Rs 3,929 crore for the fiscal third quarter.
Zee Business analysts had pegged the gas distribution firm’s December-quarter net profit at Rs 283 crore and revenue of Rs 4,030 crore.
Share Market Today LIVE: Tata Motors shares approach record high
Tata Motors shares gain by as much as Rs 28.3, or 3.1 per cent, at Rs 948.5 apiece, gaining for a third straight day and trading within inches of a record high of Rs 949.6 apiece touched on February 5.
The Tata group is a potential spin-off of its battery business, as the conglomerate expands its foray in the country’s renewable energy and EV sectors, according to a report by news agency Bloomberg citing people familiar with the matter.
Read more on Tata Motors shares
Share Market Today LIVE: Should you buy, sell or hold HDFC Bank, SBI, SBI Card, BPCL, Gujarat Gas, Eureka Forbes, Voltas stocks today?
Brokerages have a bunch of stocks on their radar.
- Morgan Stanley has maintained an 'overweight' rating on Gujarat Gas with a target of Rs 579 per share
- Nomura has a 'neutral' rating on Gujarat Gas with a target of Rs 505 per share
- Jefferies has a 'buy' call on BPCL with a target of Rs 890 per share and a 'hold' on Indian Oil Corporation with a target of Rs 215 per share
- Citi has a 'buy' rating on the NMDC stock with a target of Rs 215
- Morgan Stanley has an 'overweight' rating on HDFC Bank with a target of Rs 2,110 per share
- Bernstein has maintained an 'outperform' call on the HDFC Bank stock with a target of Rs 2,100
- Morgan Stanley has an 'equal-weight' rating on the SBI Card stock with a target of Rs 750
- Nomura has kept a 'buy' call on Voltas with a target of Rs 1,311 per share
Share Market Today LIVE: Market wizard Anil Singhvi says strong buy zone for Nifty50 at 21,725-21,775 levels
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,800-21,850 levels and a strong buy zone at 21,725-21,775 levels today. For the Nifty Bank, he expects support to come in at 45,825-46,000 levels and a strong buy zone at 45,525-45,725 levels.
He expects a higher zone for the Nifty50 coming in at 21,950-22,000 levels and a strong sell zone at 22,050-22,125 levels. For the banking index, he expects a higher zone at 46,475-46,575 levels and a strong sell zone at 46,750-46,875 levels.
Share Market Today LIVE: Entero Healthcare Solutions enters listed space at 2% discount to issue price
Entero Healthcare Solutions (ENTERO) shares debut in the secondary market at Rs 1,245 apiece on BSE and Rs 1,228.7 apiece on NSE, a discount of about 1-2 per cent to the upper end of the issue price.
Catch latest updates on Entero Healthcare shares
Share Market Today LIVE: HAL, BEL shares rise; here's what's pushing the PSU stocks higher
Hindustan Aeronautics Ltd (HAL) shares rise by as much as Rs 60.3, or two per cent, to Rs 3,083 while the Bharat Electronics Ltd (BEL) stock gains by as much as Rs 3.4, or 1.8 per cent, to Rs 189.3 apiece on BSE.
The Defense Acquisition Council, under the Defence Ministry, is likely to approve defence purchases to the tune of Rs 19,000 crore from HAL and BEL in its meeting on Friday, according to an exclusive report by Zee Business.
Share Market Today LIVE: Nifty tops 22,000 led by financial, auto, IT shares; Bajaj Auto, BPCL up 3%
Share Market Today LIVE: Nearly all NSE sectoral indices in the green; Nifty Auto, Nifty Pharma, Nifty Healthcare, Nifty IT top gainers
Index Current level Change (%) NIFTY AUTO 20,297.65 1.58 NIFTY PHARMA 18,786.05 1.18 NIFTY HEALTHCARE INDEX 11,993.35 0.74 NIFTY IT 38,225.05 0.59 NIFTY MEDIA 2,155.75 0.56 NIFTY CONSUMER DURABLES 31,443.85 0.53 NIFTY PRIVATE BANK 23,139.25 0.37 NIFTY METAL 7,938.90 0.36 NIFTY BANK 46,300.70 0.18 NIFTY OIL & GAS 11,937.60 0.09 NIFTY REALTY 869.85 0.05 NIFTY FINANCIAL SERVICES 20,420.00 0.02 NIFTY PSU BANK 7,160.55 0 NIFTY FMCG 53,312.60 -0.02 Share Market Today LIVE: BPCL, Coal India, Infosys, Tata Motors, Wipro rise most among 43 Nifty50 gainers; Power Grid, Sun Pharma top losers
Top Nifty gainers
Stock CMP Change (%) BPCL 676.45 3.63 COALINDIA 486.4 2 INFY 1,703.65 1.63 TATAMOTORS 931.5 1.19 WIPRO 524 1.06 JSWSTEEL 818.75 0.79 M&M 1,778.00 0.73 LTIM 5,561.15 0.7 BAJAJ-AUTO 8,179.20 0.69 ULTRACEMCO 9,881.60 0.69 Top Nifty losers
Stock CMP Change (%) POWERGRID 279.9 -0.62 SUNPHARMA 1,507.40 -0.17 ITC 403.2 -0.17 Share Market Today LIVE: Nifty crosses 22,000, Sensex rises over 300 pts; BPCL top blue-chip gainer, up 4%
Market Today LIVE: Crude oil roughly flat amid unclear demand scenario
Crude oil prices meander as investors ponder slowing demand forecast by an influential group and weak US retail sales data that has sparked optimism about US interest rate cuts.
- Brent crude futures: down 0.1 per cent at $82.8/barrel
- US WTI crude futures: barely up at $78/barrel
Both contracts gained more than a per cent on Thrusday as a larger-than-expected drop in US retail sales prompted hopes the Fed will soon start cutting interest rates in coming months, which could be positive for oil demand.
Share Market Today LIVE: Dollar steady as traders weigh US economic data
The American currency is steady today, on track to register its fifth weekly gain in a row, as investors take stock of economic data and firm expectations of the Fed cutting rates in June, while the yen trades at the psychologically key 150 per dollar level.
The dollar index, which measures the greenback against six major rivals, is up 0.1 per cent at 104.35, having eased 0.4 per cent the previous day.
The index is on course to eke out a 0.2 per cent gain for the week, its fifth in a row.
Share Market Today LIVE: Nikkei 225 jumps to fresh 34-year high, approaches all-time peak
Japan's benchmark Nikkei 225 gets off to a roaring start on Friday, opening the morning session at its highest since Japan's economic bubble burst in the late 1980s. The Nikkei share average is up 1.6 per cent at 38,769.6, surpassing the post-economic bubble era high of 38188.7.
It is up 14.0 per cent so far in 2024.
Meanwhile, MSCI's broadest index of Asia Pacific shares outside Japan is up half a per cent.
Share Market Today LIVE: Dow Jones jumps nearly 350 points, Nasdaq crosses 15,900 as US retail sales slump rekindles rate cut hopes
The three Wall Street benchmarks, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, finish higher on Thursday as a more-than-expected fall in a US retail sales reading feeds hopes the central bank of the world's largest economy will soon start reducing key interest rates in coming months.
US retail sales dropped 0.8 per cent in January, weighed by declines at auto dealerships and gasoline service stations, according to a Commerce Department report.
Here's where the three indices stand at the end of Thursday's trade:
- Dow Jones Industrial Average: up 348.9 points, or 0.9 per cent, at 38,773.1
- S&P 500: up 29.1 points, or 0.6 per cent, at 5,029.7
- Nasdaq Composite: up 47 points, or 0.3 per cent, at 15,906.2
Share Market Today LIVE: GIFT Nifty futures up over 80 pts, signal a positive opening on Dalal Street
GIFT Nifty futures, an early indicator of the headline Nifty50 index, are up 84 points, or 0.4 per cent, at 22,089.1 at this hour, suggesting a higher start to the day on Dalal Street today.
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