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Expert's view on the market:
Expert's view on the market:
Closing update:
View on Options trade:
Market update:
Market update:
Embargo lifted on grant of Govt business to private banks: Govt
Market update:
Nifty gainers:
Market update:
NSE extends trading timing:
Rising bond yields may put pressure on gold:
Jimeet Modi, CEO & Founder, Samco Ventures on NSE technical glitch:
Market outlook by Kotak Securities:
Angel Broking to clients:
ICICI Direct to Clients:
IIFL Finance raises Rs 100 crore via NCDs:
Geojit upgrades InterGlobe Aviation to buy
Dilip Buildcon lowest bidder for 2 projects
Grey market premium of Nureca share falls over 50%
Heranba Industries IPO fully subscribed on Day 2
Technical glitch halts NSE cash markets, future markets
Granules India gets USFDA approval
Indian rupee has extended the early gains
GAIL executes share purchase agreements with NTPC
Strides Pharma gets US FDA nod for Ibuprofen OTC oral suspension:
Nifty PSU Bank index rises over 3 percent led by the Bank of Maharashtra, IOB, Union Bank
Below 14,700 levels Nifty could slide down to 14,500-14,300: Manish Hathiramani
Coal India may consider second interim dividend
MCX Gold April can continue its bullish momentum: Sriram Iyer
Nifty Metal Index up 1 percent supported by the Hindustan Copper, Coal India, SAIL:
Market may continue with its consolidation for some time: Siddhartha Khemka
Oil slips after U.S. crude stocks rise
Indian markets likely to open positive: ICICI Direct
Short term trend of Nifty continues to be negative: Nagaraj Shetti
Tata Consumer Products to replace GAIL India from March 31
Blackstone-backed Sona Comstar files DRHP for Rs 6,000 crore IPO
S&P 500, Dow close higher in late session turnaround
SGX Nifty indicates a positive start for the Indian indices:
Index | Prices | Change | Change% |
---|---|---|---|
Sensex | 52,727.98 | 462.26 | +0.88% |
Nifty 50 | 15,699.25 | 142.60 | +0.92% |
Nifty Bank | 33,627.45 | 492.45 | +1.49% |
Biggest Gainer | Prices | Change | Change% |
---|---|---|---|
M&M | 1,072.05 | 44.35 | +4.32% |
Biggest Loser | Prices | Change | Change% |
---|---|---|---|
Tech Mahindra | 981.20 | -9.90 | -1.00% |
Best Sector | Prices | Change | Change% |
---|---|---|---|
Nifty PSU Bank | 2460.40 | 47.80 | +1.98% |
Worst Sector | Prices | Change | Change% |
---|---|---|---|
Nifty IT | 27777.80 | -250.00 | -0.89% |
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The overall market capitalisation of BSE-listed firms jumped to Rs 204.03 lakh crore on February 24 from Rs 201.38 lakh crore in the previous session, making investors richer by Rs 2.7 lakh crore in a…
Ajit Mishra, VP - Research, Religare Broking
The market managed to end on a strong note in an unusual session. The benchmark made a decent start, tracking favourable global cues. However, a technical glitch on NSE halted trading for most of the session before resuming again at 3.30 pm.
Sentiment boosted in the extended hours, taking note of the news that the finance minister allowed the government businesses to transact with private banks.
We expect volatility to remain high on Thursday due to the scheduled derivatives expiry of February month contracts. It would be prudent to avoid naked leveraged positions in early trades and prefer hedged bets.
Vinod Nair, Head of Research at Geojit Financial Services
The technical glitch did not impact domestic market sentiment though volatility was high with a positive prejudice, in the first session.
During the extra session, the market gathered more strength and hugely outperforming the global peers, triggered by squaring-off F&O positions a day ahead of the prefixed monthly expiry date.
The global market was mixed, not very convinced that world central banks like FED will maintain a flexible monetary policy even during rising bond yield & inflation and the Asian markets were negatively impacted by a hike in stamp duty on equities.
View on Technical Glitch by Nirav Karkera, Head of Research at Fisdom
Considering the duration of the outage and the fact that this has happened right before the expiry. The next session will probably be a chaotic one as a fair number of mispricing events are observed and traders indulge in frantic trading. However, given the buoyant liquidity, markets will realign quickly. Notably, the next session will be especially tough on traders with covered orders who will take among the biggest raps when the scrips' prices reopen directly at points jumping over or below the assigned stop-loss levels.
Closing update: The Indian marker ended with sharp gains on February 24 due to gains led by banking and financial stocks.
Sensex closed 1030 points, or 2.07 percent, higher at 50,781.69 while Nifty jumped 274 points or 1.86 percent to 14,982.
BSE Midcap and Smallcap indices closed 0.77 percent and 1.08 percent higher, respectively.
View on Options trade by Yash Gupta, Equity Research Associate, Angel Broking
Almost the complete day has gone for Options players due to some technical issues at National Stock Exchange which is the biggest exchange in India.
So in Options price, there is a major component of the time value of money which is known as delta. As we have almost lost one day of trading, the time value of money for the day has been eroded from the Options.
Some Options will expire tomorrow i.e February 25, so this trading halt will be beneficial for Option writers as the time value of money will come down when every market opens.
On the other hand, this will be a disaster for the Option buyers as their premium will come down significantly.
Market update: Equities witnessed sharp gains after the trading resumed post technical glitch on NSE. Nifty jumped over 14,950 while Sensex jumped more than 1,050 points.
At 1635 hours, Sensex was 1078 points, or 2.17 percent, up at 50,830 and Nifty was 284 points, or 1.93 percent, up at 14,992.
Nifty Bank and Private Bank indices jumped almost 4 percent each while the Nifty PSU Bank index jumped 3 percent. Media and Metal indices also traded with healthy gains.
Embargo lifted on grant of Govt business to private banks: Govt
Embargo lifted on grant of Govt business to private banks. All banks can now participate. Private banks can now be equal partners in development of the Indian economy, furthering Govt's social sector initiatives, and enhancing customer convenience. @FinMinIndia @DFS_India
— NSitharamanOffice (@nsitharamanoffc) February 24, 2021
Market update: Nifty and Sensex jumped by a percent each after trading resumed. Nifty Bank and Private Bank indices jumped 2 percent while the PSU Bank index jumped about 3 percent.
Nifty IT, FMCG and Pharma indices traded in the red at 1600 hours.