Sensex Today | Stock Market LIVE Updates: Sensex off day’s low, down 450 points, Nifty below 21,650; IT and pharma top sectoral losers
01:59:22 PM IST, 14 February 2024
Stock Market LIVE Updates: European stocks waver at open
Europe’s main stock markets wavered at the start of trading on Wednesday. London’s benchmark FTSE 100 index of major companies rose 0.5 percent to 7,548.41 points, as dealers digested news that UK inflation held at 4.0 percent in January. In the eurozone, the Paris CAC 40 index was marginally higher at 7,626.80 points while Frankfurt’s DAX was slightly lower at 16,872.94.
01:46:06 PM IST, 14 February 2024
M&M Q3 Results: PAT at Rs 2454 cr vs ET NOW poll of Rs 2646 cr
Revenue: Rs 25,289 cr vs ET NOW poll of Rs 25,326 cr
01:38:40 PM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Indian Hume Pipe Company gets order worth Rs 495 crore; stock soars 12%
01:20:10 PM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Tata Power Company signs PDA valuing Rs 105 cr with Tata Communications
01:13:05 PM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Coal India to add new mines, expand existing ones to meet higher demand, chairman says
12:49:01 PM IST, 14 February 2024
Crypto Price on February 14: Bitcoin falls below $50,000 level after hot CPI data cools bets for Fed cuts
Consumer price index dropped to an annual rate of 3.1% in January, according to official data; above economists’ expectations of 2.9%. In December, the CPI stood at 3.4%.
12:28:32 PM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour
12:27:51 PM IST, 14 February 2024
Japan’s Nikkei slips from 34-year high after Wall Street sell-off
The index had climbed to 38,010.69 in the previous session, not far from the record intraday high of 38,957.44 in December 1989 and closed at its highest since January 1990. The Nikkei has risen 12.7% so far this year.
12:16:36 PM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Adani Green Energy (AGEL) shares rose nearly 4% to Rs 1,882 in Wednesday’s trade on BSE after the firm said that it has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.
11:50:08 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Shares of Nuvama Wealth Management (formerly Edelweiss Securities) zoomed 14 per cent in morning trade on Wednesday, a day after the firm said its net profit has almost doubled in the December quarter.
11:49:58 AM IST, 14 February 2024
Stock Market LIVE Updates: Pakistan’s benchmark share index up 2%: Exchange website
Pakistan’s benchmark share index rose 2% on Wednesday, according to the Karachi stock exchange website, a day after former Prime Minister Shehbaz Sharif was nominated as the country’s next premier to lead an alliance formed between different parties.
11:48:35 AM IST, 14 February 2024
Sony profit falls 15% in April-December period
Profit in the April-December period was 979 billion yen ($6.50 billion). The company’s profit for the first six months of the financial year was 516 billion
11:39:36 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Great Eastern Shipping Company has contracted to buy a medium range product tanker
11:38:53 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Adani Green Energy is likely to raise $500 million by issuing dollar bonds in March, two officials aware of the plans said, making it the first Adani group company to return to the overseas bond market in a year. “The company is doing the groundwork and talking to investors to get a sense on pricing,” said a foreign banker, who is a part of the discussions.
11:22:11 AM IST, 14 February 2024
Stock Market LIVE Updates | IJSW Steel announces that the consolidated crude steel production in January ’24 grew by 7% YoY.
10:56:09 AM IST, 14 February 2024
Stock Market LIVE Updates | IndiGo signs financing pact with BOC Aviation for 4 Airbus A320NEO aircraft
10:29:18 AM IST, 14 February 2024
Stock Market LIVE Updates | Nazara Technologies: NODWIN Gaming International Pte Ltd, a 100% subsidiary of NODWINGaming Private Limited signs definitive agreements to acquire 100% of NinjaGlobal FZCO (a UAE and Turkey Company).
10:21:24 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Realty firm Godrej Properties Ltd on Wednesday said it has bought 12.5-acre land in Hyderabad to develop a housing project having Rs 3,500 crore revenue potential. This marks the company’s foray into the Hyderabad property market.
10:14:45 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates | Morgan Stanley on Wipro: Underweight; Target Rs 460
The global investment bank sees this as a tuck-in acquisition that is expected to strengthen Wipro’s capabilities in the insurance sector.
The revenue base is not meaningful relative to the size of Wipro for the acquired company.
10:02:06 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Jefferies initiated coverage on Adani Enterprises with a buy rating and a target price of Rs 3800. The company has a track record of a strong business incubator. The global investment bank sees 47%/50% CAGR for Airport/ANIL EBITDA over FY24-FY28. The balance sheet is well-placed to take up the rise in capex.
09:51:18 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Shares of M&M, Muthoot Finance, and Sun TV will be in focus as the companies will announce their third-quarter results.
09:50:32 AM IST, 14 February 2024
Rupee falls 4 paise to 83.12 against US dollar in early trade.
09:48:11 AM IST, 14 February 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
A major catalyst driving the rally in global equity markets has been expectations of rate cut by the Fed. The Fed had indicated possibly three rate cuts in 2024 and markets had discounted up to five rate cuts. This was on expectations that inflation in the US will continue to trend down. This expectation has received a jolt from the US CPI inflation numbers rising year on year to 3.1% against expectation of 2.9%. This means that the Fed will certainly not cut rates in March and the number of rate cuts in 2024 also will be lower. The bond market has quickly responded with the US 10-year yield shooting up to 4.31%. The consequence in the Indian market would be heavy selling by FIIs. Banking stocks which form the largest chunk of FII holding will be under pressure. The broader market, which is overvalued, will also be impacted by the negative sentiment. Investors may wait and watch for better clarity to emerge.
09:40:29 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: National Aluminium Company shares traded 4% higher after the firm’s net profit jumped 84% year-on-year to Rs 470 crore in the third quarter. Revenue from operations increased 2% to Rs 3,347 crore.
09:24:22 AM IST, 14 February 2024
Stock Market LIVE Updates | Adani stocks in focus: A year after revising its outlook to “Negative” on four Adani Group firms, including Adani Green, Moody’s Investors Service has revised it back to “Stable”.
09:21:45 AM IST, 14 February 2024
Stock Market LIVE Updates | EARNINGS IMPACT: Leading media company ZEE on Tuesday reported 141% growth in its consolidated net profit at Rs 58.5 crore for the quarter ended December.
09:20:40 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: BHEL, NALCO among most active stocks in morning trade
09:19:19 AM IST, 14 February 2024
Opening Bell: Sensex plunges over 600 points, Nifty below 21,600; Wipro, Infy drop 2% each
09:09:15 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex slumps 500 points; Nifty below 21,585
08:56:05 AM IST, 14 February 2024
Brokerage View | Prabhudas Lilladher on HAL
We believe HAL is a long-term play on the growing strength & modernization of India’s air defence given 1) it is the primary supplier of India’s military aircraft, 2) long-term sustainable demand opportunity owing to government’s push on indigenous procurement in defence, 3) leap in HAL’s technological capabilities due to development of advanced platforms (Tejas, AMCA, etc.), 4) robust order book with further 5-year pipeline of Rs2trn+, and 5) improvement in profitability via scale & operating leverage. The stock is currently trading at a P/E of 32.1x/28.3x on FY25/26E earnings. We roll forward to FY26E and value the stock using an equal-weighted average of DCF-derived price and P/E-derived price based on 28x FY26E (23x Sep-25E earlier). Downgrade to ‘Hold’.
08:31:24 AM IST, 14 February 2024
Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
As investors navigate Dalal Street, the stock market sentiment remains cautious due to weaker-than-expected Wall Street cues, primarily driven by US inflation readings exceeding economists’ forecasts. While uncertainties loom, opportunities emerge with the addition of five new stocks to the MSCI Global Standard Index. Nifty is expected to trade within the 21,000-22,500 range, with Reliance Industries marking a significant milestone. Preferred trades include buying Nifty in the 21,550-21,600 zone and Bank Nifty in the 44,450-44,500 zone, while bullish prospects are identified for ADANI PORT, ADANI ENTERPRISES, SIEMENS, and LTTS. Our top pick remains ZOMATO, with targets at 169/187 and aggressive targets at 201, with a stop loss below 97, and a holding period of 12-15 months.
08:02:41 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Dollar reigns supreme as hot CPI cools bets for Fed cuts
The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight.
08:02:12 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve.
07:20:36 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower
Tokyo stocks opened lower on Wednesday following falls on Wall Street after sticky US inflation data dampened hopes for quick interest rate cuts by the Federal Reserve.
07:19:21 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
M&M, Muthoot Finance, Sun TV and a slew of other companies will announce their third quarter results today.
07:19:26 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 204 points, or 0.93 per cent, at 21,614.50, signaling that Dalal Street was headed for negative start on Wednesday.
07:19:33 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty trend remains choppy in short term
Nifty on Tuesday ended 127 points higher to form a long bull candle with a lower shadow on the daily chart as the index bounced back from near the support at 21,600 level.
07:19:39 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 8 paise against US dollar
The rupee depreciated 8 paise to close at 83.08 against the US dollar on Tuesday, as a strong greenback against major currencies overseas and rising crude oil prices dented investor sentiments.
07:19:46 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Wall Street ends sharply lower as hot inflation sparks sell-off
Wall Street’s main indexes tumbled on Tuesday after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving U.S. Treasury yields higher.
07:19:53 AM IST, 14 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday
The BSE benchmark Sensex rose 483 points or 0.68% to settle at 71,555. The broader NSE Nifty surged 127 points or 0.59% to end at 21,743.
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