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February 08, 2022 / 04:19 PM IST

Closing Bell: Sensex, Nifty end higher in choppy trade; capital goods, power stocks drag

Except auto, metal, pharma, PSU bank all other sectoral indices ended in the red. BSE smallcap and Midcap indices shed 0.45-1.4 percent.

  • Closing Bell: Sensex, Nifty end higher in choppy trade; capital goods, power stocks drag
    Stock Market Today:
    • 03:23 PM IST

      Emkay maintains buy on Bank of Baroda

    • 03:16 PM IST

      Vedant Fashions subscribed 1.73 times; QIB portion booked 5.32 times

    • 03:09 PM IST

      J Kumar Infra Q3 reports 30.7 percent jump in Q3 net profit at Rs 58.7 crore

    • 03:02 PM IST

      Indices trade higher amid high volatility

    • 02:53 PM IST

      HFCL signs Ingram Micro India as a distributor for its ‘IO’ line of products

    • 02:47 PM IST

      Escorts Q3 net profit down 28.2% at Rs 201.5 crore

    • 02:44 PM IST

      Godrej Consumer Products Q3 net profit up 5.1% at Rs 527.6 crore against Rs 502.1 crore (YoY)

    • 02:26 PM IST

      Granules India Q3 consolidated net profit down 31.3% at Rs 100.8 crore, EBITDA slips 17.9% at Rs 173.7 crore

    • 02:20 PM IST

      Johnson Controls -Hitachi Q3 profit down 33.1% at Rs 20.6 crore against Rs 67.2 crore (YoY)

    • 02:17 PM IST

      Gujarat Alkalies Q3 profit at Rs 201.4 crore, revenue jumps 65%

    • 02:12 PM IST

      Safari Industries reports Q3 net profit at Rs 6.9 crore against Rs 1.2 crore (YoY)

    • 01:48 PM IST

      Suven Pharmaceuticals reports 40.8 percent jump in Q3 net profit at Rs 160 crore

    • 01:43 PM IST

      GMDC issues work order to Concept Public Relations India

    • 01:36 PM IST

      Expect key policy rates will be maintained for some time: Vivek Rathi

    • 01:31 PM IST

      Bajaj Electricals approves scheme of arrangement

    • 01:28 PM IST

      Bajaj Electricals reports 51.1 percent Q3 net profit at Rs 48.2 crore

    • 01:24 PM IST

      Remain invested in Adani Wilmar: Rajnath Yadav

    • 01:17 PM IST

      PI Industries share up after Credit Suisse raises target price

    • 01:13 PM IST

      BSE Capital Goods index falls 1 percent dragged by the BHEL, Sona BLW Precision Forgings, Elgi Equipments

    • 01:01 PM IST

      Market trade flat in the highly volatile session

    • 12:48 PM IST

      Hold Adani Wilmar for the long term: Mohit Nigam

    • 12:38 PM IST

      KRChoksey maintains buy rating on SBI, target Rs 617

    • 12:28 PM IST

      Expect reverse repo rate to be hiked with other rates unchanged: Lakshmi Iyer

    • 12:16 PM IST

      Vedant Fashions IPO subscribed 41% so far; QIB portion booked 76%

    • 12:08 PM IST

      Indices eras most of losses, trade flat amid volatility

    • 11:50 AM IST

      Dollar finds a bid ahead of US inflation

    • 11:42 AM IST

      Nifty Bank index falls 1 percent dragged by the RBL Bank, Federal Bank, IDFC First Bank

    • 11:32 AM IST

      BSE Realty index sheds 1 percent dragged by the Indiabulls Real Estate, DLF, Macrotech Developers

    • 11:29 AM IST

      PolicyBazaar falls over 3% as consolidated losses widen

    • 11:26 AM IST

      NALCO reports profit of Rs 830.6 crore in Q3FY22

    • 10:42 AM IST

      Vedant Fashions IPO subscribed 21% on final day; QIB portion booked 11%

    • 10:36 AM IST

      Nifty has resistance at 17550-17600: Manish Hathiramani

    • 10:25 AM IST

      Nifty PSU Bank falls 1 percent dragged by Indian Bank, Union Bank of India, Canara Bank, PNB

    • 10:22 AM IST

      BSE Power index sheds 2 percent dragged by the Tata Power, Adani Green, Adani Power

    • 10:15 AM IST

      Indian rupee opens 8 paise higher at 74.61 per dollar

    • 10:09 AM IST

      Benchmark indices trade flat in the volatile session

    • 10:02 AM IST

      Adani Wilmar debuts at a 4% discount to IPO price at Rs 221

    • 10:00 AM IST

      Wipro joins Intel Foundry Services’ Accelerator Alliance to speed up the chip design cycle

    • 09:52 AM IST

      Inox Green Energy Services files DRHP with SEBI

    • 09:40 AM IST

      Nifty Metal index rises 1 percent led by the Vedanta, Hindalco Industries, Tata Steel

    • 09:34 AM IST

      Wockhardt gets DCGI nod to export up to 100 mn doses of Sputnik vaccines

    • 09:29 AM IST

      BSE Auto index up 1 percent supported by the TVS Motor Company, Maruti Suzuki, Hero MotoCorp

    • 09:23 AM IST

      These companies to announce their December quarter results today

    • 09:12 AM IST

      Expect volatility and choppiness in the near term: Prashanth Tapse

    • 09:07 AM IST

      Indian markets are likely to open on a muted note: ICICI Direct

    • 08:55 AM IST

      Benchmark indices are expected to open on a flat to positive note: Mohit Nigam

    • 08:45 AM IST

      Asian stocks, euro hold steady ahead of U.S. inflation data

    • 08:38 AM IST

      JLR UK sales declines 23.2% at 3,486 units

    • 08:36 AM IST

      Oil slips from 7-year highs ahead of more U.S.-Iran talks

    • 08:23 AM IST

      Gold steady near 1-week high as inflation risks lift demand

    • 08:18 AM IST

      Adani Wilmar to debut today on exchanges

    • 08:12 AM IST

      TVS Motor Q3 net profit rises 9% YoY to Rs 289 crore

    • 08:05 AM IST

      Petrol, Diesel Prices Today on February 8

    • 08:01 AM IST

      Here are the stocks that are in the news today

    • 07:55 AM IST

      Bitcoin rallies to four-week high, ether hits three-week peak

    • 07:46 AM IST

      Asian markets trade higher; Straits Times, Taiwan Weighted up 0.5%

    • 07:39 AM IST

      Wall Street ends lower as Meta Platforms weighs

    • 07:33 AM IST

      SGX Nifty indicates a flat to positive start for the Indian indices

  • IndexPricesChangeChange%
    Sensex57,960.09346.37 +0.60%
    Nifty 5017,080.70129.00 +0.76%
    Nifty Bank39,910.15342.25 +0.86%
    Nifty 50 17,080.70 129.00 (0.76%)
    Wed, Mar 29, 2023
    Biggest GainerPricesChangeChange%
    Adani Enterpris1,740.40139.55 +8.72%
    Biggest LoserPricesChangeChange%
    UPL707.40-7.25 -1.01%
    Best SectorPricesChangeChange%
    Nifty PSU Bank3682.20114.85 +3.22%
    Worst SectorPricesChangeChange%
    Nifty Energy22373.05-15.80 -0.07%

  • February 08, 2022 / 07:34 AM IST

    Follow our LIVE blog for the latest updates on the novel coronavirus pandemic and its impact

  • February 08, 2022 / 04:19 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets ended marginally up in a highly volatile trading session, taking a breather after the recent fall. The benchmark inched further lower after the flat start however recovery in the select index majors helped the index to recoup losses. Finally, the Nifty index closed around 17,266 levels.

    Amongst the sectors, a mixed trend was witnessed wherein realty, capital goods and industrials ended with losses while metal and PSU banking index posted modest gains. The broader markets remained under pressure as both midcap and small cap ended lower by 0.8% and 1.8% respectively.

    We’ve been seeing a roller coaster ride since the Union Budget and the scheduled MPC meet is likely to keep the volatility high. Besides, the global cues are also not portraying any favourable picture, so participants should continue with the cautious stance and limit leveraged positions.

  • February 08, 2022 / 04:15 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:

    The Nifty opened on a positive note only to attract a fresh round of selling near 17300. Thereon the index nosedived towards the 78.6% retracement of the recent rise i.e. 17040. The key Fibonacci level induced the bulls into the action. Overall, structure shows that the index is forming a triangular pattern & received support as it approached near the lower end of the pattern, which is near 17000.

    Over here, the Nifty is expected to form a base for itself & start recovering. On the higher side, 17300-17400 is a near term hurdle zone beyond which larger upside to 17800 can be expected.

  • February 08, 2022 / 04:00 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Indian equities were highly volatile today, swaying between gains and losses while managing to close on a positive note. Selling pressure from FIIs was countered by bargain hunting by domestic investors.

    European shares advanced over ECB President’s comments stating that there are lower chances of a measurable tightening of monetary policy, which helped in comforting global investors.

  • February 08, 2022 / 03:54 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities

    Bulls managed to hold the psychological 17000 level after a fight with the bears. On the daily chart, Nifty has formed a dragonfly Doji pattern suggesting buying at the lower levels.

    The recovery in the market may continue as long as the index holds above 17000. On the higher end, immediate resistance is visible at 17330. Sustained trades above 17330 may induce further rally in the market.

  • February 08, 2022 / 03:48 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    While the Nifty broke yesterday's low, it bounced sharply to close above 17100. If we break 17100 on a closing basis, the markets can slide further to 16800-16850.

    On the upside there is a resistance at 17600 and we would need to close above that for the index to turn bullish.

  • February 08, 2022 / 03:40 PM IST

    S Ranganathan, Head of Research at LKP securities:

    As policy makers face one of the fastest pace of price increases in the developed markets, global stock markets are facing a challenge in pricing the likely actions by central bankers.

    Back home, the Nifty opened extremely weak and drifted closer to 17K levels on geo-political worries and soaring oil prices with passive emerging market funds booking profits.

    As bond yields price in ahead of the RBI policy, supply of paper ahead of a mega primary market offering kept investors circumspect though indices managed to recover substantial lost ground to end in the Green in afternoon trade.

  • February 08, 2022 / 03:35 PM IST

    Market Close

    : Benchmark indices snapped three-day losing streak and ended higher in the highly volatile session ahead of RBI policy outcome later this week.

    At close, the Sensex was up 187.39 points or 0.33% at 57,808.58, and the Nifty was up 53.20 points or 0.31% at 17,266.80.
    About 1062 shares have advanced, 2180 shares declined, and 83 shares are unchanged.

    Tata Steel, Bajaj Finance, Divis Labs, Reliance Industries and Bajaj Finserv were the top Nifty gainers, while losers were ONGC, Power Grid Corporation, IOC, SBI Life Insurance and Tata Consumer Products.

    Except auto, metal, pharma, PSU bank all other sectoral indices ended in the red. BSE smallcap and Midcap indices shed 0.45-1.4 percent.

  • February 08, 2022 / 03:23 PM IST

    Emkay view on Bank of Baroda

    Bank of Baroda remains well-capitalized among large PSBs, with CET 1 at 11.3% post QIP. Factoring in better growth/NIMs and lower LLP, we upgrade FY22E/23E/24E EPS by 28%/10%/8%.

    RoE should gradually improve to 9-12% over FY22-24E from a low of 1% in FY21. Thus, we retain Buy/OW in EAP with a revised target of Rs 145 (vs. Rs 130) based on 0.9x Dec’23E ABV (vs. 0.8x earlier).

    Key risks: higher NPA formation, mainly in the corporate/SME book; and slower-than-expected growth trajectory

  • February 08, 2022 / 03:16 PM IST

    Vedant Fashions IPO Updates:

    The public issue of Vedant Fashions continued to see tepid response from investors on the final day of bidding on Tuesday with 1.73 times being subscribed so far. It garnered bids for 4.41 crore equity shares against an offer size of 2.54 crore equity shares.

    Qualified institutional investors have put in bids 5.33 times the reserved portion. Their allotted quota has to get subscribed at least 90 percent to sail through the issue.

    A part set aside for retail investors and non-institutional investors were subscribed 36 percent and 15 percent, respectively.