04:43:10 PM IST, 16 February 2024
Nifty Bank closes higher but below 46,400. Experts recommend ‘buy on dips’
The Nifty Bank closed higher for the fourth straight day on Friday, tracking positive cues. The index closed 165 points higher at 46,384 while the Nity50 gained 129 points to close above 22,000. The Nifty Bank index rose but it failed to hold above the 46,400 level, which has acted as a stiff resistance since January 2024 on the daily chart.
04:42:02 PM IST, 16 February 2024
Tech View: Nifty ready to test all-time peak levels. What traders should do next week
Nifty on Friday ended 139 points higher above the 22,000 mark to form a spinning top candle on the daily charts and indicate indecisiveness. The index looks set to test record high levels next week.
A surge in buying interest for large-cap stocks propelled the Nifty back above the recent consolidation level, leading to highest ever closing on the weekly timeframe. The Nifty has consistently closed above the 21EMA for the last few days, indicating a positive trend. The momentum indicator RSI has experienced a bullish crossover following a base formation. In the short term, the index might move towards 22,200; furthermore, a move above 22,200 could potentially take the Nifty towards 22,600. Support on the lower end is placed at 22,750.
– Rupak De, Senior Technical Analyst, LKP Securities
03:36:33 PM IST, 16 February 2024
Top gainers & losers at this hour
03:35:45 PM IST, 16 February 2024
Closing Bell: Sensex gains for 4th session, jumps 376 pts, Nifty above 22K; Wipro, M&M rally 4% each
03:21:43 PM IST, 16 February 2024
Dollar on track for fifth straight weekly gain, yen fragile
The dollar had come under pressure after mixed US data, with retail sales falling more than expected in January, while a separate report underscored labour market tightness.
03:04:08 PM IST, 16 February 2024
Stock Market LIVE Updates: Ajay Singh, Chairman, and Managing Director of SpiceJet, and Busy Bee Airways Private Limited, have jointly submitted a bid for GoFirst. The bid has been submitted by Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited.
03:00:58 PM IST, 16 February 2024
GPT Healthcare’s IPO to open on Feb 22; PE firm BanyanTree Growth Capital to exit
The Initial Public Offering (IPO) GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, is set to open on February 22. The initial-share-sale is scheduled to conclude on February 26. The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP).
02:58:16 PM IST, 16 February 2024
European shares set to log weekly gains on earnings boost
The pan-European STOXX 600 index rose 0.5% to hit a two-year high, led by miners, which jumped 1.7% so far this week. The STOXX index of 50 largest companies hovered around its highest level in 23 years, while a gauge of euro zone blue-chip shares hit an all-time high.
02:56:52 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Zydus Lifesciences gets USFDA nod for generic drug to prevent chest pain in heart patients
02:30:46 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Pharma major Lupin Ltd on Friday said it has received approval from the US health regulator to market its generic ‘Minzoya’ tablets used to prevent pregnancy. The approval granted by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application for Minzoya (Levonorgestrel and Ethinyl Estradiol tablets, and Ferrous Bisglycinate tablets) of strengths 0.1 mg/0.02 mg and 36.5 mg, Lupin said in a regulatory filing.
02:22:09 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Zydus receives Final Approval from the USFDA for Isosorbide Mononitrate Extended-Release, Tablets USP, 30 mg, 60 mg and 120 mg.
02:21:01 PM IST, 16 February 2024
SBI seeks lower reserve requirement for green deposits, chairman says
Currently, banks have to maintain a CRR of 4.5% on their total deposits, with no distinction provided for green deposits.
02:20:24 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Top gainers from retail pack
01:52:03 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex surges 450 pts!
01:34:01 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Bank of Baroda seeks bids for tier-II bonds on Wednesday – bankers
01:14:45 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Aurobindo Pharma says FDA completed inspection at Auro Peptides Facility with zero observations
12:58:35 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: ITCONS e-Solutions has entered into a service agreement with Wipro
12:55:25 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: REC to issue multiple-tenor bonds – bankers
12:27:22 PM IST, 16 February 2024
Click this to join the ET Markets Telegram Channel and get all stock market news, investment tips and stock recommendations in one place.
12:17:00 PM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour
12:14:20 PM IST, 16 February 2024
Potential Rate cuts & investment strategy from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The higher-than-expected consumer price inflation in the US has pushed back the timeline for rate cuts. But it can happen in H1 of CY25 itself because the Fed takes the PCE (personal consumption expenditure) more seriously in determining rate cuts and PCE is unlikely to indicate high inflation. The spike in CPI has been caused by a disproportionate rise in home rentals. The market is likely to remain resilient amidst volatility. Valuations are excessive in the broader market. Safe investment strategy is to focus on high quality large caps.
12:12:26 PM IST, 16 February 2024
Nikkei charges toward all-time high, dollar under pressure
Nikkei surged 1.4% to 38,678 points, just within a whisker of the all-time high of 38,957 points hit in 1989 that marked the peak of Japan’s so called “bubble economy.”
11:49:21 AM IST, 16 February 2024
Atmatsco IPO subscribed 1.80 times so far on day 2. Check price, GMP other details
The issue will close on February 20, Tuesday. The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.
11:46:21 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Pharma stocks trend higher; NATCO top gainer
11:26:48 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: KPI Green Energy shares hit a 5% upper circuit at Rs 1,479.1 in Friday’s trade on BSE after the company’s subsidiary bagged a 1.5 MW solar power project.
11:23:27 AM IST, 16 February 2024
Stock Market LIVE Updates: Zerodha Fund House launches Zerodha Gold ETF
Zerodha Fund House today announced the launch of its new scheme ‘Zerodha Gold ETF’, an open-ended, simple and low-cost ETF to take exposure to gold in one’s investment portfolio. The scheme opens for public subscription on February 16, 2024, and will close on February 21, 2024. The fund is expected to be listed on NSE and BSE exchanges by 1st March, 2024.
11:27:02 AM IST, 16 February 2024
Stock Market LIVE Updates | Volkswagen and Mahindra sign supply agreement: Mahindra will equip a certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells
10:59:02 AM IST, 16 February 2024
Stock Market LIVE Updates | Alpex Solar shares hit 5% upper circuit after BofA Securities buys stake
According to exchange data, BofA bought 2.2 lakh shares at the rate of Rs 337 apiece.
The shares of Alpex Solar delivered 215% returns to its investors so far. The stock was listed on the NSE SME platform on Thursday with a premium of 186%, after which it rallied further to close the day at Rs 345 as against an issue price of Rs 115.
10:45:02 AM IST, 16 February 2024
India bond yields dip marginally, focus stays on debt auction
India’s benchmark 10-year yield was at 7.0760% as of 10:00 a.m. IST, following its previous close of 7.0883%.
10:37:01 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Happy Forgings obtained an orderamounted Rs 400 crore for supply of fully machined components for SUVs
10:23:04 AM IST, 16 February 2024
Stock Market LIVE Updates | SBI seeks lower reserve requirement for green deposits, chairman says
The State Bank of India has asked the Reserve Bank of India for a reduction in the cash reserve ratio that needs to be maintained for green deposits, Chairman Dinesh Kumar Khara said on Friday
10:16:18 AM IST, 16 February 2024
Post-listing view of Entero Healthcare Solutions from Shivani Nyati, Head of Wealth, Swastika Investmart
Entero has incurred losses in the past three fiscal years, raising concerns about its financial sustainability and profitability. It also faces challenges with negative cash flows from all three major activities, impacting working capital requirements.
While Entero possesses certain strengths, its financial situation calls for a cautious approach, and this stock is best avoided by new investors. Even investors who got allotments through IPO are advised to exit their holdings.
10:07:27 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Entero Healthcare Solutions shares list at 2% discount to IPO price
Ahead of the debut, the company’s shares traded flat in the unlisted market.
10:06:12 AM IST, 16 February 2024
TVS Motor crosses 1-lakh crore market cap; at record high
09:59:36 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: RattanIndia Enterprises Drone Company Neosky launches drone training for school children with Narayana Health
09:38:28 AM IST, 16 February 2024
Stock Market LIVE Updates | YES Bank: Global private equity major Carlyle Group on Thursday sold 1.4% stake in private sector lender YES Bank for approximately Rs 1,057 crore.
09:30:56 AM IST, 16 February 2024
Morning view on the market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The global market construct continues to be favourable with the mother market US remaining resilient with S&P 500 at record highs.
Pockets of overvaluation in the broader market continue to be a worry. Banking stocks are fairly valued. RIL is strong.
09:21:07 AM IST, 16 February 2024
Rupee rises 3 paise to 83.02 against US dollar in early trade.
09:19:49 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Check out the stocks that moved most in morning trade
09:18:56 AM IST, 16 February 2024
Opening Bell: Sensex rallies 350 pts, Nifty reclaims 22,000; Glenmark Pharma, Bank of India rise 4% each
09:09:09 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 350 points; Nifty above 22,020
08:42:21 AM IST, 16 February 2024
Pre-opening view: Prashanth Tapse, Senior VP (Research), Mehta Equities
Market sentiment has significantly improved, reflecting a bullish outlook supported by technical conditions. Bank Nifty’s inclusion in rising sectoral indices, alongside improving asset quality and government focus on fiscal discipline, is notable. Intraday resistance for Bank Nifty is seen at 47100, with Nifty’s crucial resistance at 22000. Call writing at 21900 and 22300 strike prices and notable Put writing at 21900 and 21800 levels suggest a balanced outlook. The Volatility Index has cooled to 15.22 levels, with Nifty’s Put-Call Open Interest Ratio at 1.18. Nifty aims for an all-time high at 22127, backed by dominant bullish sentiment despite concerns over higher interest rates’ impact on economic growth. Noteworthy performances include HDFC Bank’s 2% gain and strong showings from Nifty PSE & Nifty PSU Banks indices, energy/oil & gas majors, and Mahindra & Mahindra. Conversely, Hindustan Unilever hit a 52-week low, while ZEE Entertainment tumbled 6% amid acquisition talks. Recommended trades: Buy Nifty with stop at 21577, targets 22127/22301, and Bank Nifty with stop at 45483, targets 46600/47100. Favorable positions on NTPC, BANK OF BARODA, MARUTI, and GAIL during intraday weakness are suggested, with MARUTI being the top stock pick with targets at 11451/12000 and aggressive targets at 12500, supported by a higher high/low strategy.
08:08:57 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Nikkei charges toward all-time high, dollar under pressure
Japan’s Nikkei charged toward an all-time high on Friday, helped higher by a buoyant Wall Street after a big fall in U.S. retail sales revived the chance of a June rate cut, which in turn weighed on the dollar.
07:51:10 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Dollar steady as traders weigh economic data, yen fragile
The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level.
07:50:44 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Oil prices roughly flat as unclear demand scenario weighed
Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts.
07:22:00 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher
Tokyo stocks opened higher on Friday, supported by rallies on Wall Street as investors shrugged off weak retail sales data. The benchmark Nikkei 225 index was up 1.11 percent, or 421.67 points, at 38,579.61 in early trade, while the broader Topix index added 1.02 percent, or 26.55 points, to 2,618.40.
07:20:59 AM IST, 16 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 60.5 points, or 0.27 per cent, at 22,088.50, signaling that Dalal Street was headed for positive start on Friday.
07:21:05 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty ends above 20-DMA for 3rd day
Nifty today ended 71 points higher above the 21,900-level to form a Doji-type candlestick on the daily chart. Both price and momentum indicators are suggesting continuation of the up move.
07:21:12 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 3 paise against US dollar
The rupee consolidated in a narrow range and depreciated by 3 paise to close at 83.05 against the US dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market.
07:21:19 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Wall Street ends higher as retail sales slump feeds hopes for rate cuts
U.S. stocks closed higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months.
07:21:25 AM IST, 16 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex rose 228 points or 0.32% to settle at 72,050. The broader NSE Nifty gained 71 points or 0.32% to end at 21,911.
