Sensex Today | Stock Market LIVE Updates: Sensex falls over 400 points, Nifty below 21,700; IT, pharma stocks buck the trend
10:31:33 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Dynacons Systems and Solutions wins contract worth Rs 90.02 crore from BSNL
10:29:09 AM IST, 12 February 2024
Stock Market LIVE Updates: Shares of state-run Life Insurance Corporation of India (LIC), which has become India’s fourth biggest company in market value terms, today rallied up to 6% to day’s high at Rs 1,150 after brokerages upgraded the stock and raised target prices following a strong set of numbers in Q3 earnings report card.
10:02:31 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Gensol Engineering, Matrix Gas Consortium win PLI bid for Hydrogen Electrolyser manufacturing
09:49:45 AM IST, 12 February 2024
Market View | Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The fact that the markets are resilient even after the initial enthusiasm of early rate cuts in 2024, both in US and India, has moderated is an indication of the underlying strength of the market. Apart from positive economic cues, a major factor supporting the market is the sustained flows to the market through mutual funds. This can trigger buying on dips and the high market valuations are likely to be sustained for some time. However, the frothy valuations of the broader market are a matter of concern. From the long-term perspective, safety is in large-caps.
09:46:14 AM IST, 12 February 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Honasa Consumer (Mamaearth) shares rose nearly 10% after the company reported 265% growth in its consolidated net profit to Rs 26 crore for the quarter ended December.
09:38:41 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Paytm shares opened 3.6% higher in early trade after the fintech firm approved the formation of a group advisory committee on compliance and regulatory matters.
09:37:44 AM IST, 12 February 2024
Rupee rises 8 paise to 82.99 against US dollar in early trade.
09:23:03 AM IST, 12 February 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Tata Power’s consolidated net profit rose by a marginal 1% year-on-year to Rs 953 crore in the quarter ended December.
09:22:40 AM IST, 12 February 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Hero MotoCorp on Friday reported a 51% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,073.40 crore, which was largely on expected lines. Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore.
09:21:40 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Tata Power, PNB among most active stocks in morning trade
09:20:04 AM IST, 12 February 2024
Opening Bell: Sensex, Nifty flat; Tata Power declines 4%, Hero Moto 3%
09:09:03 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 120 points; Nifty above 21,800
08:37:52 AM IST, 12 February 2024
Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities
In a rather subdued week at Dalal Street, Nifty has seen limited participation, with the fear of missing out conspicuously absent and the pursuit of strength proving ineffective. Investor caution prevails amid RBI’s uninspiring monetary policy and the ongoing debate on the Federal Reserve’s inflation goal. Despite the market’s languid state, the S&P 500’s historic close above 5,000 brings some optimism. From a technical standpoint, Nifty’s intraday support rests at 21557, while hurdles are at the all-time high of 22127. Bank Nifty’s support is at 44429, with immediate hurdles at 46311. The Nifty options data suggests a trading range of 21500-22500. Key catalysts include India’s CPI and IIP numbers, along with the US January CPI. Corporate earnings and Q3 results are in focus, with a positive outlook for Nifty’s rally, aiming to revisit its all-time high. Buyers’ weakness below 21557 could attract bears. The suggested trades include buying Nifty at CMP with targets at 21907/22011 and Bank Nifty at CMP with targets at 46181/46893. The chart of the day favours BANK OF BARODA, BHARAT FORGE, SIEMENS, and ADANI ENTERPRISES on intraday weakness. The recommended stock to buy is PNB (CMP 124) with a stop at 116.75 and targets at 129/135, following an intermonth strategy based on a higher high/low rationale.
08:18:55 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Gold stalls in thin trading; eyes on Fed in data-packed week
Gold prices were flat on Monday in holiday-thinned trading, after falling last week on rising bond yields, while investors awaited remarks from U.S. Federal Reserve officials in a data-packed week.
07:56:09 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Australia, NZ dollars subdued in holiday thinned trade
The Australian and kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week.
07:55:43 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Oil starts week lower after Israel says ‘concluded’ Gaza strikes
Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East.
07:21:25 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 93 points, or 0.43 per cent, at 21,943.50, signaling that Dalal Street was headed for positive start on Monday.
07:21:18 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Coal India, HAL, NHPC, SAIL and a slew of other companies will announce their third quarter results today.
07:21:33 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty finds support at 20-DMA
Nifty on Friday ended 65 points higher and found support at 20-DMA to form a small body-positive candle with a minor lower shadow on the daily chart to signal buying at lower levels.
07:21:32 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Megacaps rally pushes S&P 500 to first close above 5,000 milestone
S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia as investors bet on artificial intelligence technology and eyed strong earnings data
07:21:26 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 7 paise to close at 83.03 against US dollar
The rupee depreciated by 7 paise to 83.03 (provisional) against the US dollar on Friday, tracking a strong American currency and elevated crude oil prices in the international market.
07:21:40 AM IST, 12 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday
The S&P BSE Sensex rose 167 points or 0.23% to settle at 71,595. The broader NSE Nifty gained 64 points or 0.30% to end at 21,782.
