Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

Stock market rally, bull trading, Sensex, nifty

8:59 AM

NIFTY VIEW: Avoid aggressive trading strategy

Nifty witnessed a slightly volatile session hovering between 17650 and 17500 zone with no clear directional move and once again closed near the 17600 zone for 5th consecutive session.

The overall bias and sentiment are maintained with a cautious approach and once again advisable to avoid for aggressive trading strategy till things settles down.

By Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher

8:55 AM

F&O Call: Nandish Shah suggests Bull Spread strategy on HCL Tech

The derivatives analyst from HDFC Securities suggests to BUY 1,150 Call for February 23 expiry of HCL Technologies, and simultaneously SELL 1,200 Call of the same series. READ

markets, market, trading, trading call, buy, sell, buy sell, stocks, stock

8:50 AM

TECH CALL: Mehul Kothari recommends to buy Astral above this level

According to the technical analyst from Anand Rathi, Astral may witness a strong upside momentum on breakout above Rs 2,085. READ

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

8:47 AM

Look to accumulate pharma, media shares near support levels: Ravi Nathani

According to the technical analyst, the Nifty Pharma index is likely to get support around 11,981 level. READ

8:44 AM

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins.

TVS Motor informed the exchanges, on Thursday, that it has invested $9.5 million in Ion Mobility to further push it's electrification agenda.

Addressing investors' concerns regarding the latest Budget proposals, SBI Life has said that the Annualised Premium Equivalent (APE) product mix is well diversified at 56.4 per cent unit linked, 27.4 per cent non-unit linked, 10.1 per cent protection, 2.8 per cent annuity, and 3.3 per cent group funds. READ

8:42 AM

Dairy stocks in focus: Amul hikes milk prices by Rs 3 per litre

8:38 AM

BLOOMBERG ALERT: Adani dollar bonds rally on reports of prepayment of loans

>> All 15 dollar debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone Ltd. had made coupon payments on schedule, said Bloomberg report

8:35 AM

GLOBAL UPDATE: China Services PMI expands to 52.9 in January

The reading rose to 52.9 in January, above the 50-mark that separates growth from contraction — from the business activity index of 48 seen in December.

8:32 AM

BLOOMBERG: Gautam Adani in talks to prepay share pledges to boost confidence

Embattled billionaire Gautam Adani is in talks with creditors to prepay some loans backed by pledged shares as he seeks to restore confidence in his conglomerate’s financial health. READ REPORT