ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900

CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.

8:33 AM

Stocks to watch: Adani Enterprises, ONGC, Nykaa

Nykaa: The company posted a 70.7 per cent year-on-year (YoY) drop in consolidated profit to Rs 8.4 crore in Q3FY23 from Rs 29 crore in Q3FY22, on the back of investment and retail stores. Revenue from operations, however, rose around 33 per cent YoY to Rs 1,462.8 crore during the quarter. 

 

Zee Entertainment: The company saw 92 per cent slump in quarterly profit due to lower advertisement spending and higher expenses. While domestic advertisement’s revenue slipped 16 per cent, the overall expenses climbed over 10 per cent to Rs 1,800 crore. Total income, meanwhile, remained unchanged from last year at Rs 2,100 crore. READ MORE

8:30 AM

Here's what Ravi Nathani suggests on the financial sector

Firstly, the MACD of all three indices suggested that the signal line and MACD line have intersected at lower levels, which implied less selling pressure in the near future. Secondly, according to the price action theory, there is a high chance that all three indices will form a higher bottom, which will provide a good buying opportunity for short-term and swing traders. READ MORE

8:28 AM

Mehul Kothari expects a pullback rally in these stocks

Tata Steel

Target: Rs 120

Stop Loss: Rs 102

 

At this point in time; the stock seems to be trading in an oversold zone and is now approaching few important support levels. We are witnessing a rising trend line support of the stock near Rs 105 mark. Below the trend line; we have a placement of 200 DEMA and DSMA. READ MORE

8:26 AM

DIIs bought equities worth Rs 521 crore on January 13

8:21 AM

FIIs bought equities worth Rs 1,322 crore on February 13

8:18 AM

COMMODITY CHECK: Brent Crude eases 1% to $85 per barrel

source: oilprice.com

8:13 AM

SGX Nifty suggests a flat start to trade

8:11 AM

Asia-Pacific markets mixed in early trade: Nikkei 225 up 0.5%

8:04 AM

US markets close higher ahead of January inflation data

8:00 AM

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Catch all live market updates here with Business Standard