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Feb 16, 2024
Sensex tanks 470 pts, Nifty falls below 17700 in early trade on Wed, Feb 22; Sapphire Foods, SBIN shares plunge

Indian benchmark equity indices opened broadly lower on Wednesday amid negative global market sentiment. The BSE Sensex fell 476 pts or 0.78% to 60,196.57 and NSE Nifty 50 plunged 146 pts or 0.82% to 17,680.05. The top gainers on Nifty were Tata Consumer (up 0.82%), Bajaj Auto(up 0.81%), Coal India (up 0.61%), Larsen & Toubro (up 0.45%) and Britannia (up 0.45%) while Adani Enterprises (down 4.19%), Eicher Motors (down 1.35%), BPCL (down 1.27%), IndusInd Bank (down 1.14%) and Grasim (down 1.14%).

State Bank of India shares fell 1.10% to Rs 517.50 in the early morning trade. The bank has successfully raised Rs 4,544 crore Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid Up Basel III compliant AT 1 Bonds at a coupon of 8.20% p.a.

Sectoral Indices

The sectoral indices were trading broadly in red. Bank Nifty fell 0.53%, Nifty Auto was down 0.22%, Nifty PSU Bank slipped 0.68% and Nifty IT dipped 0.79% while Nifty Pharma was up 0.28%.

Asian and US stock markets

All major Asian markets were trading in red with China’s Shanghai Composite index falling 0.40%, Japan’s Nikkei 225 sinking 1.49%, Hong Kong’s Hang Seng slipping 0.49% and South Korea’s KOSPI dipping 1.47%.

The US markets ended Tuesday’s session broadly lower with Dow Jones Industrial Average tanking 697.01 pts or 2.06% to 33,129.59, tech-heavy Nasdaq sank 294.97 pts or 2.50% to 11,492.30 and S&P 500 plunged 81.75 pts or 2% to 3,997.34.

FII and DII data

Foreign institutional investors (FII) bought shares worth a net Rs 525.8 crore, while domestic institutional investors (DII) sold equities worth a net Rs 235.23 crore on 21 February, according to the provisional data available on the NSE.

NSE F&O Ban

The National Stock Exchange has put Vodafone Idea on its F&O ban list for 22 February. According to the NSE, stocks are prohibited in the F&O sector once 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.

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Feb 15, 2024
Kaman Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Kaman Constituency Election in Rajasthan, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Kaman Constituency Assembly Election 2023 that every voter should be aware of.

Kaman Constituency Rajasthan Assembly Election 2023: Voting Date

The voting date for the Kaman Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Kaman Assembly Constituency will go to polls on November 25. Stay tuned for updates as we bring you the latest information.

Kaman Rajasthan Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Bharatiya Janata Party (BJP)and Bahujan Samaj Party(BSP) along with others, are poised to reveal their candidates for the Kaman Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Kaman Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Kaman Constituency RJ Election Result: What happened in 2018

Zahida Khan from Kaman of Rajasthan, won the seat with 110789 votes. He defeated Bharatiya Janata Party’ Jawahar Singh Beadham who had polled 71168 votes. The winning margin was 39621 votes.

2018 Kaman Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesZahida KhanIndian National Congress110789

Candidate List Party Name Votes Gained (Vote %) Zahida Khan Indian National Congress 110789 (58.04%) Jawahar Singh Beadham Bharatiya Janata Party 71168 (37.28%) Ishwari Dayal Bahujan Samaj Party 3808 (1.99%) Maksood Khan Independent 1907 (1%) None Of The Above None Of The Above 1127 (0.59%) Bal Kishan Aam Aadmi Party 897 (0.47%) Ramesh Chand Khurana Independent 503 (0.26%) Jaikam Ali Independent 258 (0.14%) Rakesh Kumar Loktantrik Janta Dal 187 (0.1%) Anaand Swaroop Independent 132 (0.07%) Shyam Sundar Urf Shyam Bharatiya Yuva Shakti 102 (0.05%)

Kaman Constituency RJ Election Result: What happened in 2013

In the Rajasthan Assembly election of 2013, Ku Jagat Singh won from the Kaman seat garnering 74415 votes and defeated Indian National Congress candidate Zahida Khan who bagged 71058 votes. The candidate who came third was Lok Jan Shakti Party’ Sher Mohammad ( Mannaka).

Ku Jagat Singh got 74415 votes while Zahida Khan got 71058 votes.

2013 Kaman Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesKu Jagat SinghBharatiya Janata Party74415

Candidate List Party Name Votes Gained (Vote %) Ku Jagat Singh Bharatiya Janata Party 74415 (46.88%) Zahida Khan Indian National Congress 71058 (44.77%) Sher Mohammad ( Mannaka) Lok Jan Shakti Party 2704 (1.7%) Gopi Chand Nationalist Congress Party 1897 (1.2%) Mohammad Zahoor National People’s Party 1546 (0.97%) Yatish Kumar Sharma Independent 993 (0.63%) Aash Mohammad ( Piproli) Samajwadi Party 936 (0.59%) Hanif Khan Independent 881 (0.56%) Harveer Independent 756 (0.48%) Nirmala Independent 725 (0.46%) Hafiz Manzoor Ali Khan Social Democratic Party Of India 566 (0.36%) Mohammad Khan Independent 548 (0.35%) Ash Mohamad (nauganva) Vanchitsamaj Insaaf Party 463 (0.29%) None Of The Above None Of The Above 352 (0.22%) Sher Mohammad ( Jodhpur) Independent 197 (0.12%) Toran Singh Bharatiya Yuva Shakti 170 (0.11%) Najmuddin Independent 167 (0.11%) Ansar Independent 142 (0.09%) Laxman Das Rajasthan Vikas Party 136 (0.09%) Hetram 72 (0.05%)

Kaman Constituency RJ Election Result: What happened in 2008

Zahida of the INC was the winning candidate from the Kaman constituency in the RJ Assembly elections 2008, securing 57332 votes while 49467 votes were polled in favour of Nasru Khan of the BJP. The margin of victory was 7865 votes.

2008 Kaman Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesZahidaINC57332

Candidate List Party Name Votes Gained (Vote %) Zahida INC 57332 (47.2%) Nasru Khan BJP 49467 (40.72%) Madan Mohan Singhal BSP 9951 (8.19%) Vrijendra IND 1110 (0.91%) Lala Ram CPI 919 (0.76%) Harveer IND 749 (0.62%) Mahboob NLHP 433 (0.36%) Ishwari Dayal LJP 293 (0.24%) Brijendra Singh SP 272 (0.22%) Omveer Singh RJVP 247 (0.2%) Rasid IND 240 (0.2%) Bal Kishan IND 206 (0.17%) Arjan IND 88 (0.07%) Deen Mohammad IND 61 (0.05%) Sumer Singh BHBP 57 (0.05%) Ishab IND 45 (0.04%)

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Feb 14, 2024
Petrol and Diesel Rate Today, 11 February: Fuel prices steady; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Fuel prices continued to stagnate on Saturday, 11 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per litreKolkata: Petrol rate today: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litreBengaluru: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litreLucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per litreNoida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per litreGurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per litreChandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per litreMumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per litreDelhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per litre

Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates. Any changes in petrol and diesel costs are implemented from 6 am every day. Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.

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Feb 12, 2024
AT-1 bonds write-off: Yes Bank moves SC against high court ruling

Yes Bank has approached the Supreme Court to appeal against a Bombay high court ruling on the write-down of additional Tier-1(AT-1) bonds worth Rs 8,415 crore.

“The Bank has filed appeal(s) before the Honourable Supreme Court of India against the Judgment dated January 20, 2023 of the Honourable Bombay High Court setting aside the decision of the Bank to write down AT-1 Bonds,” a spokesperson for the lender told FE in a statement.

Also read: Markets Wrap – Mon, 13 Feb ‘23: Stocks fall, rupee depreciates; Asia, Europe markets, Gold, Crude, Crypto updates

In January, the Bombay high court held that there were procedural lapses in the bank’s decision to write off the bonds. The decision came as a relief to the bond investors, many of whom had lost their life’s savings in the process.

“During this period, the administrator could not have taken such a policy decision as writing down the AT-1 bonds. Nor the Reserve Bank of India had authorised him to do so. The final reconstruction scheme also did not authorise the administrator to write off the AT-1 bonds,” the high court said in its order.

Yes Bank’s managing director and chief executive officer Prashant Kumar had said the lender had strong legal grounds to appeal the decision. Prior to assuming his role heading the bank, Kumar had served as its administrator.

In 2020, RBI superseded the bank’s board due to mounting bad loans, and appointed Kumar administrator.

AT-1 bonds are unsecured, perpetual bonds that are issued to bulk up banks’ core capital base. They carry call options that enable investors to redeem them after five or 10 years. Banks issuing these bonds can skip interest payouts for a particular year or reduce the bond’s face value if their capital ratios fall below thresholds specified in their offer terms.

Also read: Market Outlook: Nifty, Sensex end lower amid profit-booking; traders eye US, India CPI inflation data for cues

In Yes Bank’s case, RBI had asked the administrator to write off the bonds as a part of the latter’s restructuring scheme.

In its appeal to the Supreme Court, the bank has argued that its administrator had the power to fully write-down the AT-1 bonds, a person familiar with the matter said without disclosing the specific details of the petition. The RBI may reportedly choose to provide a regulator’s perspective when the petition is brought up before the apex court.

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Feb 9, 2024
Petrol and Diesel Rate Today, 14 February: Fuel prices unchanged; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Tuesday, 14 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

Since the cut of excise duty by the central government in May 2022, some states have also reduced VAT prices on fuels, while some have imposed cess on petrol and diesel. The Punjab government decided to impose a cess of 90 paise per litre on petrol and diesel in a meeting of the state cabinet. Kerala Finance Minister KN Balagopal also announced a cess on petrol, diesel and liquor in the second full budget of the LDF government. A social security cess of Rs 2 per litre will be slapped on petrol and diesel.

Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates. Any changes in petrol and diesel costs are implemented from 6 am every day. Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.

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Feb 6, 2024
FII DII data: FPI sold shares worth Rs 144.73 crore, DII offloaded shares worth Rs 205.25 crore on Feb 9

Foreign institutional investors (FII) sold shares worth a net Rs 144.73 crore while domestic institutional investors (DII) offloaded shares worth a net Rs 205.25 crore on Thursday, February 9, 2023, according to the data available on NSE. For the month till February 9, FIIs sold shares worth a net Rs 6,872.23 crore while DIIs bought shares worth a net Rs 6,744.39 crore. In the month of January, FIIs sold shares worth a net of Rs 41,464.73 crore while DIIs purchased equities worth a net of Rs 33,411.85 crore.

Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are those who invest in the financial assets of a country while not being part of it. On the other hand, domestic institutional investors (DII), as the name suggests, invest in the country they’re living in. Political and economic trends impact the investment decisions of both FIIs and DIIs. Additionally, both types of investors — foreign institutional investors (FIIs) and domestic institutional investors (DIIs) —  can impact the economy’s net investment flows.

“The Nifty witnessed rangebound price action throughout the day and closed with marginal gains for the day. The daily momentum indicator has a positive crossover which is a buy signal. Thus, both price and momentum indicators are suggesting further upside in the Index. On the upside, the zone of 17972 – 18000 is an immediate hurdle zone and once it is crossed we can see a sharp upside. Until the zone of 17970 – 18000 is not taken out decisively we can expect the consolidation to continue. The range of consolidation from a short-term perspective is 17350 – 18000,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

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Feb 5, 2024
Hindaun Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Hindaun RJ Assembly Election 2023 Details: The election for Hindaun Assembly Constituency in Rajasthan will be held on November 25 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Hindaun Constituency Assembly Election 2023 that you should know.

Hindaun Constituency Rajasthan Assembly Election 2023: Voting Date

November 25 is the date of voting for the Hindaun Assembly Constituency Election 2023 as announced by the Election Commission of India.

Hindaun Constituency Rajasthan Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Hindaun Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Hindaun Constituency Assembly Election 2023 is Important

Hindaun is a state Assembly/Vidhan Sabha constituency in the state of Rajasthan and is part of the Hindaun Lok Sabha/Parliamentary constituency. Hindaun falls in the Hindaun district of Rajasthan and is categorised as an urban seat.

Hindaun Constituency RJ Election Result: What happened in 2018

Bharosi Lal of the Indian National Congress was the winning candidate from the Hindaun constituency in the RJ Assembly elections 2018, securing 104694 votes while 77914 votes were polled in favour of Manju Khairwal of the Bharatiya Janata Party. The margin of victory was 26780 votes.

2018 Hindaun Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBharosi LalIndian National Congress104694

Candidate List Party Name Votes Gained (Vote %) Bharosi Lal Indian National Congress 104694 (56.29%) Manju Khairwal Bharatiya Janata Party 77914 (41.89%) None Of The Above None Of The Above 1761 (0.95%) Shashi Dutta Rashtriya Loktantrik Party 878 (0.47%) Shivnarayan Bharatiya Yuva Shakti 751 (0.4%)

Hindaun Constituency RJ Election Result: What happened in 2013

Rajkumari of the Bharatiya Janata Party was the winning candidate from the Hindaun constituency in the RJ Assembly elections 2013, securing 59059 votes while 50948 votes were polled in favour of Bharosilal of the Indian National Congress. The margin of victory was 8111 votes.

2013 Hindaun Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesRajkumariBharatiya Janata Party59059

Candidate List Party Name Votes Gained (Vote %) Rajkumari Bharatiya Janata Party 59059 (41.04%) Bharosilal Indian National Congress 50948 (35.4%) Manju Khairwal National People’s Party 18240 (12.68%) Ramkishan Bahujan Samaj Party 6276 (4.36%) Sampat Koli Independent 3415 (2.37%) None Of The Above None Of The Above 2354 (1.64%) Jagdish Chandra Arya Independent 1147 (0.8%) Megh Lal Koli Independent 558 (0.39%) Gopal Rashtriya Lok Dal 453 (0.31%) Hukam Singh Rajasthan Vikas Party 409 (0.28%) Surjo Bharatiya Yuva Shakti 379 (0.26%) Mahendra Indian Peoples Green Party 375 (0.26%) Rameshwar Jatav Samajwadi Party 289 (0.2%)

Hindaun Constituency RJ Election Result: What happened in 2008

Bharosi Lal of the INC was the winning candidate from the Hindaun constituency in the RJ Assembly elections 2008, securing 30374 votes while 28519 votes were polled in favour of Rajkumari of the BJP. The margin of victory was 1855 votes.

2008 Hindaun Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBharosi LalINC30374

Candidate List Party Name Votes Gained (Vote %) Bharosi Lal INC 30374 (27.69%) Rajkumari BJP 28519 (26%) Manju Khairwal LSWP 22562 (20.57%) Shashi Datta BSP 21772 (19.85%) Sukkaram Karsoliya IND 1331 (1.21%) Kamal Ram RLD 1271 (1.16%) Ram Singh – Nike Ram IND 1114 (1.02%) Mahendra Singh Koli IND 1004 (0.92%) Shri Chand IND 785 (0.72%) Meena Jatav BRVP 477 (0.43%) Rama BHBP 278 (0.25%) Ram Singh – Ram Bharosi LJP 190 (0.17%)

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Feb 3, 2024
NED vs BAN ICC World Cup 2023: Netherlands set to go head-to-head against Bangladesh for the first time! Check Weather, Pitch report and more

Netherlands is set to go head-to-head against Bangladesh for the very first time in the 28th match of the ICC World Cup 2023 on Saturday.

Netherlands currently occupies the 4th spot on the ICC World Cup 2023 points table, while Bangladesh stands strong in the 3rd position. Netherlands has emerged victorious in 3 matches out of the played 5 while Bangladesh has won 4 games out of 5.

With a history of 2 encounters in this format, both teams have claimed one victory each. Anticipation is high for what promises to be an engaging match between these competitors.

The game is to be held at Eden Gardens Stadium in Kolkata and is scheduled to kick off at 2:00 PM IST.

NED vs BAN ICC World Cup 2023: Weather report

According to weather.com, the weather conditions for the NED vs BAN match in Kolkata on Saturday, October 28 are as follows:

Daytime Temperature: Expect a high of 32°C.Nighttime Temperature: The temperature will drop to 22°C.Sky Conditions: Anticipate clear skies throughout the day and night.

Chances of rain are minimal with a 5% possibility during the day and a slightly lower – 4% at night. Therefore, the NED vs BAN game is unlikely to be affected by rain. Humidity levels are expected to be 55% during the day, rising to 70% at night.

NED vs BAN ICC World Cup 2023: Pitch report

Eden Gardens Stadium in Kolkata is renowned as a high-scoring venue for cricket matches. The average 1st innings total in One Day Internationals (ODIs) hosted at this ground is around 241, while the average 2nd innings total typically settles at 203, according to cricketaddictor. The highest-ever total achieved at this stadium was a remarkable 404/5, a record set by India against Sri Lanka.

With a history of 35 ODIs hosted at Eden Gardens, the team batting first has claimed victory in 20 matches, while the team batting second emerged victorious in 14 contests. Notably, the NED vs BAN fixture marks the inaugural ICC World Cup 2023 match to grace Eden Gardens Stadium.

The pitch at Eden Gardens is known to favor batsmen, providing an excellent platform for scoring runs. However, as the match progresses, spin bowlers tend to play a pivotal role, making for an intriguing balance between bat and ball.

NED vs BAN ICC World Cup 2023: Probable XI

Netherlands: Vikramjit Singh, Scott Edwards (Skipper/WicketKeeper), Sybrand Engelbrecht, Logan van Beek, Roelof van der Merwe, Aryan Dutt, Paul van Meekeren, Max O’Dowd, Colin Ackermann, Bas de Leede, Teja Nidamanuru

Bangladesh: Tanzid Hasan, Shakib Al Hasan (Skipper), Mushfiqur Rahim(WicketKeeper), Mahmudullah, Nasum Ahmed, Shoriful Islam, Mustafizur Rahman, Hasan Mahmud, Litton Das, Najmul Hossain Shanto, Mehidy Hasan

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Feb 2, 2024
Share Market Highlights: Nifty settles above 17500, Sensex down 130 pts; Bank Nifty ends above 40000, FMCG, Metal gain

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session marginally lower. The NSE Nifty 50 fell 43.05 or 0.25% to 17,511.25 and BSE Sensex plunged 139.18 pts or 0.23% to 59,605.80. Bank Nifty rose 5.65 pts or 0.01% to 40,001.55. The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab and IndusInd Bank.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights

15:40 (IST) 23 Feb 2023 Top gainers/losers

The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab and IndusInd Bank.

15:40 (IST) 23 Feb 2023 Bank Nifty settles above 40000

Bank Nifty rose 5.65 pts or 0.01% to 40,001.55.

15:39 (IST) 23 Feb 2023 Nifty, Sensex end lower

The NSE Nifty 50 fell 43.05 pts or 0.25% to 17,511.25 and BSE Sensex plunged 139.18 pts or 0.23% to 59,605.80.

14:48 (IST) 23 Feb 2023 Nifty could fall to 17,035-16,600 if it closes below 17,500 or break 17,350

“The ratio Chart of Nifty 500 (India) vs S&P 500 (USA) has seen a pullback to its important support of 3.60-3.65 from where one can expect a reversal. This means the underperformance in US markets should stop and can possibly reverse to outperformance in the next 2-3 months. Worst Case Scenario: If we do close below 17,500 or break 17,350 – Expect lower targets of 17,035 & 16,600 in the coming weeks. Above levels will help us navigate this phase of “make or break” for the Indian Indices,” – Rahul Sharma, Director & Head – Research, JM Financial Services Ltd.

14:45 (IST) 23 Feb 2023 Nifty’s crucial demand area seen around 17,500-17,450; possible reversal expected

“Post the Ukraine-Russia crisis, markets are getting into a 200 DEMA stress test for the third time now. Earlier lows were 16,747 in September 22, 17,353 in early Feb & today’s low of 17,455. 17,500-17,450 is a crucial demand area from where one can expect a possible reversal on the charts. Bullish RSI Divergence is seen on daily charts of Nifty. BN remains a weaker link & needs a strong thrust of short-covering + fresh buying. PCR bouncing back from oversold territory in Nifty & Bank Nifty. FII Cash selling has subsided in last 10-11 trading sessions while primary bearish action has been in Derivatives, especially Bank Nifty.” – Rahul Sharma, Director & Head – Research, JM Financial Services Ltd.

12:13 (IST) 23 Feb 2023 ZEEL, Soma Textiles among volume gainers

Delta Manufacturing, Soma Textiles & Industries, Indian Card Clothing Company, Zee Entertainment Enterprises, Jullundur Motor Agency (Delhi), Sanghi Industries are among the volume gainers on the NSE index.

12:12 (IST) 23 Feb 2023 Adani Total Gas, Adani Green Energy among those that hit 52-week lows

Alternatively, 162 stocks including HIL, Tatva Chintan Pharma Chem, Shaily Engineering Plastics, Godrej Properties, G R Infraprojects, Angel One, Indigo Paint, Adani Total Gas, Adani Transmission, Motilal Oswal Financial Services, Century Textiles & Industries Limited, Amrutanjan Health Care, Jindal Poly Films, SMS Lifesciences India, HLE Glascoat, Adani Green Energy, IFB Agro Industries, Paras Defence and Space Technologies, Thyrocare Technologie, BSE, Godrej Agrovet, Stove Kraft, Laurus Labs, Biocon, Zee Entertainment Enterprises are at 52 week lows.

12:11 (IST) 23 Feb 2023 Blue Star, Carysil among those that hit 52-week highs

On the NSE Nifty, 17 stocks hit their 52 week highs including Fourth Dimension Solutions, Aaron Industries, Blue Star, Carysil, Cyient, Equitas Small Finance Bank, Finolex Cables, GNA Axles, ITC, NMDC Steel, Goyal Aluminiums, Vinny Overseas, NINtec Systems among others. 

12:11 (IST) 23 Feb 2023 Adani Wilmar, Adani Transmission among those that hit lower price band

53 stocks hit their lower price band including Adani Power, Adani Wilmar, Adani Green Energy, Adani Total Gas, Adani Transmission, Indiabulls Enterprises, SVP Global Textiles, Cerebra Integrated Technologies, Focus Lighting and Fixtures. Additionally, 21 scrips hit both bands. 

12:10 (IST) 23 Feb 2023 Eros International, Eros International among those that hit upper price band

On the NSE Nifty, 32 stocks hit their upper price band. Fertilizers and Chemical Travancore, Sanghi Industries, Lambodhara Textiles, Vinny Overseas, Refex Industries, McLeod Russel India, Eros International Media were among the scrips. 

12:08 (IST) 23 Feb 2023 ITC, TCS among top gainers, Titan falls

On the NSE Nifty index, the top winners are ITC, UPL, Coal India, TCS, Tata Steel with ITC up 2.32%. The biggest laggards are Asian Paints, HDFC Life, IndusInd Bank, Titan and HDFC Bank, with Asian Paints down 2.47%.

12:07 (IST) 23 Feb 2023 Adani Enterprises, RIL among most active stocks

HDFC Bank, Adani Enterprises, ICICI Bank, Reliance Industries and HDFC are the most active Nifty 50 stocks intraday. 

10:13 (IST) 23 Feb 2023 Biocon shares fall over 1%

Biocon shares fell 1.22% to Rs 219.45 on Thursday. Meanwhile, the biopharmaceutical company fulfilled its payment obligation and fully redeemed Commercial Papers of Rs 2,250 crore. Additionally, Kotak Special Situations Fund announced an investment of Rs 1,070 crore in Biocon.

10:12 (IST) 23 Feb 2023 ZEEL shares tank 10%

Zee Entertainment Enterprises shares were locked in the lower circuit, falling 10% to Rs 185.35 after National Company Law Tribunal (NCLT) admitted an insolvency petition against the company. The petition has been filed by IndusInd Bank, under Section 7 of the Insolvency and Bankruptcy Code (IBC). This might pose a hurdle for ZEEL’s merger with Sony Pictures Networks.

09:24 (IST) 23 Feb 2023 Top gainers/losers

The top gainers on the Nifty were HCL Tech, ONGC, JSW Steel, Coal India and Tata Steel while the top losers were Adani Ports, Titan, Divis Lab, Asian Paints and Adani Enterprises.

09:23 (IST) 23 Feb 2023 Nifty, Sensex open on flat note

The NSE Nifty 50 fell 7.25 pts or 0.04% to 17,547.05 and BSE Sensex dipped  21.03 pts or 0.04% to 59,723.95.

09:14 (IST) 23 Feb 2023 Nifty, Sensex end pre-open in green

Indices ended pre-open in green. The NSE Nifty 50 rose 20.35 pts or 0.12% to 17,574.65 and BSE Sensex climbed 32.66 pts or 0.05% to 59,777.64.

08:58 (IST) 23 Feb 2023 Vodafone Idea under F&O ban

The National Stock Exchange has Idea shares on its F&O ban list for 22 February. According to the NSE, the stock 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.

08:57 (IST) 23 Feb 2023 FII/DII data

Foreign institutional investors (FII) sold net shares worth Rs 579.82 crore, while domestic institutional investors (DII) acquired equities worth Rs 371.56 crore on 22 February, according to the provisional data available on the NSE.

08:57 (IST) 23 Feb 2023 Crude oil prices rise

Oil prices rose slightly in thin Asian trade on Thursday, pausing from a six-day losing streak fed by mounting concerns that more aggressive interest rate increases by central banks could pressure economic growth and fuel demand. Oil has also been pressured by signs of further crude inventory builds. U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.

08:56 (IST) 23 Feb 2023 Bank Nifty can witness pullback rally towards 40600/ 40800

“The Bank Nifty index continued to witness selling pressure from the higher levels. The index is now trading in oversold territory and if it sustains above 40000 can witness a pullback rally towards 40600/ 40800 levels,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

08:56 (IST) 23 Feb 2023 Bank Nifty stop loss at 39300 level is necessary

“Bank Nifty to fall towards the next support which is at 39500 or 39400, which was also the budget day low. If Bank Nifty falls to the 39500 level then enter contra trade, however, stop loss at the 39300 level is necessary. Resistance will lie at the 40100 and 40350 levels,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

08:55 (IST) 23 Feb 2023 Bank Nifty’s next support located at the 39500

“The 40000 level serves as a support for Bank Nifty future; if this level is broken, Bank Nifty future may go towards its next support, which is located at the 39500 level,” said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.

08:55 (IST) 23 Feb 2023 Bank Nifty support placed at 39750

“After yesterday’s brutal sell-off, next support for Nifty Bank will be at 39750 on the Daily charts. A close below this level could lead to a target of 39420. Strong resistance will be at 40673,” said A R Ramachandran from Tips2trades.

08:55 (IST) 23 Feb 2023 Nifty resistance placed at 17775 – 17820 levels

“Both price and momentum indicators are suggesting a further decline in Nifty in the coming trading session. On the way down we expect the Nifty to retest the recent swing low of 17350 which coincides with the 200-day simple moving average and the recent swing low it touched on the day of Budget. On the upside the hourly moving averages and the gap area formed today in the range 17775 – 17820 shall act as a stiff resistance,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

08:55 (IST) 23 Feb 2023 Nifty’s next support seen near 17000

“Technically, the immediate support level for Nifty future on the downside is at 17350; if it drops below that level, the next support would be close to 17000,” said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.

08:54 (IST) 23 Feb 2023 Nifty to test its 200-DMA which is placed around 17350

“Technically, the Nifty experienced selling pressure from the 18100-18200 supply zone, where the Adani Saga began. Nifty is likely to complete its unfinished business to test its 200-DMA, which is currently placed around 17350. The same is true for Banknifty, where the 200-day moving average is located near the 39300 level. The Nifty should continue to respect its 200-day moving average since the long-term picture is still favourable; at this level, we can anticipate fresh buying enthusiasm,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

08:54 (IST) 23 Feb 2023 Nifty could slip to 17500-17475 if it trades below 17600

“For the traders now 17600 would be the key level to watch out for and above the same the pullback move will continue till 17700-17750. On the flip side, below 17600 the index could slip till 17500-17475. Contra traders can take a long bet near 17475 with a strict support loss at 17440,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

07:54 (IST) 23 Feb 2023 US markets conclude on a mixed note

The US stock market ended the overnight session mixed with Dow Jones Industrial Average falling 0.26%, S&P500 dropping 0.16% while Nasdaq rose 0.13%.

07:53 (IST) 23 Feb 2023 Asian markets trade mixed

Asian markets were trading mixed with China’s Shanghai Composite index rising 0.40%, Hong Kong’s Hang Seng climbing 0.18% and South Korea’s KOSPI advancing 1.09% while Japan’s Nikkei 225 fell 1.34%.

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Feb 2, 2024
Gold Price Today, 20 Feb: Gold softens, dollar gains; positive US economic data raises fears of rate hikes

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Monday as a result of mixed global cues, while the silver rate is down 0.08%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,213 per 10 grams, down Rs 44 or 0.08%. Silver March futures were trading lower by Rs 50 at Rs 65,581 per kg on MCX.

Globally, the yellow metal prices dropped on Monday, weighed down by a stronger dollar, after recent U.S. economic data raised worries that the Federal Reserve could hike interest rates further. Spot gold was down 0.2% at $1,837.59 per ounce. U.S. gold futures eased 0.1% to $1,847.60.

“We expect gold and silver to remain volatile in today’s session. Gold has support at $1820-1808 while resistance is at $1848-1855. Silver has support at $21.32-21.10, while resistance is at $21.62-21.78. In INR terms gold has support at Rs 55,980-55,810, while resistance is at Rs 56,520, 56,700. Silver has support at Rs 64,850-64,320, while resistance is at Rs 66,150–66,580,” said Rahul Kalantri, Mehta Equities.

Gold prices recovered some losses on Friday

“Gold prices recovered some of their losses towards the end of the session on Friday as the dollar edged lower ahead of a long weekend. Earlier in the day gold and silver fell to their lowest level in a month amid resurgent fears of steeper rate hikes ahead. Further, hawkish comments from Fed member Michelle Bowman to bring back inflation to the target zone of 2% weighed over prices.

“Gold is likely to trade with a negative bias amid expectation of a rise in interest rates and a strong dollar. Gold prices have breached the key 20 day EMA support and the lower band of the upward sloping trend channel, suggesting weakness in the trend. Hence, as long as prices trade below 56,500 they are expected to slide towards 55,700-55,600. MCX silver hit the key support and 38.2% Fibonacci retracement level of the bull rally at 64,780. Prices have to move below 64,780 to extend their decline further towards 64,200. On the upside, 50 day EMA at 66,900 would act as key resistance to the price,” said an ICICIdirect report.

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