Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%

CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards

CLOSING BELL

Stock market highlights: Equity markets were extremely volatile on Tuesday as investors sold rallies at higher level. The S&P BSE Sensex ended at 60,673, down 19 points or 0.03 per cent, while the Nifty50 ended at 17,827, down 18 points or 0.1 per cent. 

Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards, falling in the range of 1 per cent to 3.5 per cent.

Capital good, Adani Power: Check today's buzzing stocks here

On the flipside, NTPC, Britannia Industries, RIL, Tata Steel, Adani Ports, Divis Labs, Power Grid, and Tata Consumer Products gained between half a per cent and 3 per cent.

In the broader market, the BSE MidCap index fell 0.21 per cent, and the BSE SmallCap eased 0.31 per cent.

Among sectors, the Nifty PSU Bank index declined 1.9 per cent, leading the list of losers. The Nifty FMCG index was the only gainer with modest gains of 0.19 per cent. 

4:23 PM

COMMENT:: FIIs turn net sellers ahead of Fed minutes, fears of El Nino

"Despite opening gains, negative cues from global peers cast a shadow over investor sentiments. Underpinned by inflationary concerns, the market is keenly eyeing the US Fed meeting minutes, scheduled to be released tomorrow, for hints on further monetary policy tightening. Risk appetite was further hammered by FIIs turning net sellers and fear of El Niño."

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:23 PM

Nifty view: Selling pressure may increase below 17,750

"Nifty ended flat following a volatile trading session. The bias remains negative as it falls back into the descending channel on the daily chart. Besides, the momentum oscillator RSI has entered a bearish crossover. On the lower end, immediate support is visible at 17,750, below which the selling pressure may increase."

 

- Rupak De, Senior Technical Analyst at LKP Securities
 

4:23 PM

Bank Nifty:: 40,500 is the critical level for the index

"The BANK NIFTY index ended on a flat note after a couple of days of brutal selling. The index is now trading at a critical support zone of 40,500 and if it manages to stay above this level can witness a pullback rally towards 41,000-41,300 levels. The mentioned support if breached will lead to further sell-off towards 40,000 where a significant amount of put writing is visible."

 

- Kunal Shah, Senior Technical Analyst at LKP Securities
 

4:17 PM

Adani Power hits fourth 5% upper circuit; No respite for Adani Green

Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation. READ MORE

4:15 PM

IRB Infra soars 5% after it emerged preferred bidder for Rs 2,132 cr BOT project

Meanwhile, the company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10. READ MORE

4:13 PM

Dishman Carbogen Amcis zooms 12%; stock up 50% in 11 trading sessions

Shares of Dishman Carbogen Amcis ended 12 per cent higher on Tuesday on the back of heavy volumes. In the past 11 trading days, the stock of the pharmaceutical company has zoomed 50 per cent from a level of Rs 81.90 on February 6. READ MORE

4:10 PM

BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%

Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth. READ MORE

4:08 PM

Delhivery gains 3%, ends higher for the seventh straight day post Q3 results

Shares of Delhivery have witnessed a steady climb in the last seven trading sessions post Q3 results. The stock has gained 14 per cent in the last seven straight trading sessions. READ MORE

 

4:05 PM

Uflex hits 52-week low on report of Income-Tax raid at Noida office

According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills. READ MORE

4:03 PM

Zen Technologies hits record high; up 35% in one month on robust Q3 results

Shares of Zen Technologies hit a record high of Rs 261.75, after they rallied 4 per cent on the BSE in Tuesday's trade. In the past one month, the stock of the company, engaged in aerospace & defense business has zoomed 35 per cent after it reported robust earnings for the quarter ended December 2022 (Q3FY23). READ MORE

4:01 PM

Power stocks surge as govt orders coal-based plants to run at full capacity

Shares of power companies and related stocks were in demand in Tuesday’s trade following the power ministry’s mandate that imported coal based plants will be run at full capacity in the run up to the summer season. READ MORE

3:57 PM

Minda Corp down 9% in three days after it acquires 15.7% stake in Pricol

Shares of Minda Corporation (MCL) dropped 4 per cent in Tuesday's intra-day trade and extended its two day decline, after the company acquired 19.14 million equity shares, representing 15.70 per cent of equity capital of Pricol via open market for Rs 400 crore. READ MORE

3:54 PM

Market Breadth was negative; almost 2,000 stocks declined v/s 1,460 advancing shares on the BSE

3:51 PM

Nifty Realty index dips 1.2%; Prestige Estates cracks 5.5%; DLF 2%

3:49 PM

Nifty PSU Bank index slumps 1.8%; Bank of India, UCO Bank slide over 5%