Aug 15, 2023
Share Market Highlights: Nifty settles below 17730, Sensex falls 220 pts; Bank Nifty rises 100 pts, Tata Steel tanks 5%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices ended Tuesday’s session in the red. The BSE Sensex fell 220.86 points or 0.37% to 60,286.04 and NSE Nifty 50 dipped 43.10 pts or 0.24% to 17,721.50. The top gainers on the Nifty 50 were Adani Enterprises, Dr Reddy, and Adani Ports while the losers were Tata Steel, Hindalco and ITC.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates Tuesday 7 February
15:41 (IST) 7 Feb 2023 Nifty, Sensex end in red
The BSE Sensex fell 220.86 points or 0.37% to 60,286.04 and NSE Nifty 50 dipped 43.10 pts or 0.24% to 17,721.50.
13:44 (IST) 7 Feb 2023 RBI MPC likely to maintain ‘withdrawal of accomodation’ stance
“The MPC is likely to maintain its stance of “withdrawal of accommodation” and ease the pace of rate increases by RBI hiking rates by 25bps in Feb. Retail inflation is within the upper tolerance band of 6 percent and food inflation has eased off. Housing credit growth has been leading retail credit growth, rising by over 15%. As the market sentiment in the real estate sector in non-metro markets remains strong, demand is likely to offset the rate increase impact.” – Ravi Subramanian, MD & CEO of Shriram Housing Finance Ltd.
13:28 (IST) 7 Feb 2023 Adani Ports net profit falls 12%, stock rises 2%
Adani Ports on Tuesday reported consolidated net profit at Rs 1,337 crore, down 12.9% on-year as opposed to the expectation of a 25% growth for the quarter ended 31 December 2022. The company’s net revenue for the quarter also failed to street estimates. Revenue for the Dec quarter came in at Rs 4,786 crore, up 17.5% on-year from Rs 4,071 crore reported in the same quarter a year ago.
Read full story
12:23 (IST) 7 Feb 2023 Adani Enterprises shares rise 25%, Adani Transmission hits upper circuit
Adani Enterprises shares surged 25% today, touching an intraday high of Rs 1965.50 on BSE. Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45. Adani Ports and Special Economic Zone shares rose 6.35% to Rs 580.70, ahead of its fiscal third quarter results due later today. Adani Green shares rose 2.75% to Rs 912.00; Adani Wilmar shares rose 5% to Rs 399.40; Adani Power Ltd fell 2% to Rs 178.80; and Adani Total Gas slipped 5% to Rs 1467.50.
Read full story
10:34 (IST) 7 Feb 2023 Tata Steel shares fall over 3%
Tata Steel shares fell 3.49% to Rs 113.50 after the company posted a consolidated net loss of Rs 2,223.84 crore for the third quarter ended December 31, 2022, impacted by multiple factors, including a rise in energy prices, and a drop in realisations and prices in Europe. The steel major had posted a net profit of Rs 9,572.67 crore a year ago. The Tata group firm’s consolidated total revenue from operations fell to Rs 57,083.56 crore from Rs 60,783.11 crore a year ago. The consolidated Ebitda fell to Rs 4,154 crore from Rs 15,853 a year ago.
10:34 (IST) 7 Feb 2023 Adani Transmission shares rise 5%
Adani Transmission shares were locked in the upper circuit, rising 5% to Rs 1324.45 after the company’s net profit rose 73% on-year to Rs 478 crore in the third quarter of the current fiscal, aided by a one-time income of Rs 240 crore from a regulatory order. Revenue for the quarter ended 31 December 2022 rose 16% on-year to Rs 3,037 crore, the company reported in a stock exchange announcement. The transmission company’s EBITDA grew 28.9% on-year to Rs 1,708 crore.
09:46 (IST) 7 Feb 2023 Adani Ports under F&O ban
Adani Ports is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Tuesday. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Stocks under FO ban
09:30 (IST) 7 Feb 2023 Top gainers/losers
The top gainers on the Sensex were Bajaj Finserv, UltraTech Cement, NTPC, IndusInd Bank and TCS while the losers were Tata Steel, ITC, Hindustan Unilever, Titan and Maruti.
09:30 (IST) 7 Feb 2023 Nifty, Sensex open in green
The BSE Sensex rose 113.93 pts or 0.19% to 60,620.83 and NSE Nifty 50 climbed 36.80 pts or 0.21% to 17,801.40.
09:16 (IST) 7 Feb 2023 US market concludes in red
The US markets ended in red on Monday. The Dow Jones Industrial Average fell 34.99 pts or 0.10% to 33,891.02, S&P 500 lost 25.40 pts or 0.61% to 4,111.08 and Nasdaq dipped 119.50 or 1% to 11,887.45.
09:11 (IST) 7 Feb 2023 Asian markets trade in green
Asian markets were trading in the green on Tuesday. China’s Shanghai Composite index rose 7.37 pts or 0.23% to 3,246.07, Japan’s Nikkei 225 climbed 60.71 pts or 0.22% to 27,754.36, Hong Kong’s Hang Seng advanced 241.74 pts or 1.14 to 21,463.90 and South Korea’s KOSPI increased 14.94 pts or 0.61% to 2,453.13.
08:13 (IST) 7 Feb 2023 Investors await RBI policy decision
“A strong job market in the United States pushed the global market lower on rate hike fears, as it offers the Fed more leeway in enacting stricter policy measures. This was in contrast to the recent rally in the global indices on the expectation that the economy is in its last phase of policy tightening. RBI’s policy announcement on Wednesday will provide more colour on its future rate actions, which is expected to hike rate by 25bps.” – Vinod Nair, Head of Research at Geojit Financial Services.
08:11 (IST) 7 Feb 2023 Bank Nifty undertone remains bullish
“The BANK NIFTY index faced range-bound trading between 41000-42000 levels where the bulls and the bears were active. The index to resume the up move must surpass the level of 42000 on the upside on a closing basis. The undertone remains bullish and one should keep a buy-on-dip approach with immediate strong support at the 41500-41400 zone.” – Kunal Shah, Senior Technical Analyst at LKP Securities.
08:10 (IST) 7 Feb 2023 Nifty trend may remain sideways
“Nifty remained volatile before closing lower as Nifty ended about 90 points lower. On the daily chart, the index has been making lower tops, suggesting a waning bullishness. However, the bulls could protect the support of 17650. Going forward, the trend may remain sideways. On the lower end, supports are placed at 17650/17400. On the higher end, 17950-18000 may act as a crucial resistance.” – Rupak De, Senior Technical Analyst at LKP Securities.
More Details