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Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent

markets, financial analytics, market analysis

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			<strong>Closing Bell on February 12, 2024:</strong> Equity markets turned lower on Monday amid profit booking by investors ahead of the January retail inflation and December IIP output data due later today.</div>
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			The S&P BSE Sensex shed 523 points, or 0.73 per cent, to end at 71,072 levels, while the Nifty50 shut shop 166 points, or 0.76 per cent, lower at 21,616 levels.</div>
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			The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent.&nbsp;</div>
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			Among sectors, defensive bets IT and Pharma indices rose 0.76 per cent and 0.28 per cent, respectively. All other indices, led by Nifty PSU Bank, Realty, Media, and Metal indices dropped up to 4.5 per cent.</div>
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			Meanwhile, <strong><a href="https://www.business-standard.com/markets/news/apeejay-surrendra-park-hotels-lists-21-premium-over-its-issue-price-124021200215_1.html" target="_blank">Apeejay Surrendra Park Hotels</a> (ASPHL)</strong> made a good stock market debut on Monday, listing at a premium of 21 per cent versus its issue price of Rs 155. It opened at Rs 187 on the BSE, and ended at Rs 203.45 (up 31.2 per cent against issue price).</div>
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			The stock opened at Rs 186 on the National Stock Exchange (NSE). The company is engaged in the hospitality business and runs hotels under its &quot;The Park&quot; brand.</div>
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		Among other stocks,&nbsp;SJVN, India Tourism Development Corporation (ITDC), Housing & Urban Development Corporation (Hudco), NBCC (India), Hindustan Organic Chemicals (HOCL), and MMTC from the Central Public Sector Enterprises (CPSEs) pack were locked in their respective lower circuits, with only sellers being seen on these counter amid correction in equity markets. <a href="https://www.business-standard.com/markets/news/sjvn-itdc-hudco-nbcc-mmtc-and-513-other-stock-freeze-lower-circuit-124021200494_1.html" target="_blank"><strong>READ HERE</strong></a></div>
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Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink

Business Standard

Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink | News on Markets - Business Standard

Good morning readers! Catch all the live market updates here with Business Standard

Catch all the live market updates here with Business Standard

NIFTY HEATMAP :: Pharma, IT stocks frontrunners on index; DRL, Divis, Wipro, HCL Tech rally

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CLOSING BELL :: Nifty tests 21,600 mid near broad-based selling

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CLOSING BELL :: Sensex declines over 500 pts

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Bharat Forge sinks 13% as growth concerns lead to profit booking

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	Shares of Bharat Forge slipped 13 per cent to Rs 1,148.80 on the BSE in Monday&rsquo;s intra-day trade on heavy volumes led by profit booking.<br />
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	Growth concerns were weighing on the stock as the management said it expects the momentum to moderate in both domestic &amp; Export markets across industries going Q4 and FY25. <a href="https://www.business-standard.com/markets/news/bharat-forge-slips-13-on-concerns-of-growth-outlook-124021200601_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="Earnings pressure hits auto component companies' share prices" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-01/08/full/1546969189-401.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits

SJVN, India Tourism Development Corporation (ITDC), Housing &amp; Urban Development Corporation (Hudco), NBCC (India), Hindustan Organic Chemicals (HOCL), and MMTC from the Central Public Sector Enterprises (CPSEs) pack were locked in their respective lower circuits, with only sellers being seen on these counter amid correction in equity markets. <a href="https://www.business-standard.com/markets/news/sjvn-itdc-hudco-nbcc-mmtc-and-513-other-stock-freeze-lower-circuit-124021200494_1.html" target="_blank"><strong>Read</strong><br />
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Share price of this hospital company has zoomed over 100% in 5 months

The stock is trading higher for a third straight day, surging 17 per cent during the period, after the company delivered a strong quarterly performance in the October-December quarter (Q3FY24) primarily driven by growth in patient volumes. The company is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India. <a href="https://www.business-standard.com/markets/news/share-price-of-this-hospital-company-has-zoomed-over-100-in-5-months-124021200341_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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The next few months are likely to see increased volatility: Shiv Sehgal

The outlook for the bond market is a lot more upbeat given the low supply of bonds from both government as well as large corporates, easing core inflation and potentially headline inflation and the beginning of the rate cut cycle. Also, if growth slackens then there is likely to be a natural flight to bonds. The stability in bond markets will certainly act as a downside support for equities as well. <a href="https://www.business-standard.com/markets/interviews/the-next-few-months-are-likely-to-see-increased-volatility-shiv-sehgal-124021200224_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Tata Power dips 6% on profit booking post Q3 results

The consolidated revenue for the company in the period under study also registered a modest growth of 3 per cent to Rs 14,841 crore, as against Rs 14,439 crore in the year-ago period. Earnings before interest, tax, depreciation, and amortisation (ebitda) for the quarter grew by 15 per cent year-on-year to Rs 3,250 crore. <a href="https://www.business-standard.com/markets/news/tata-power-dips-6-on-profit-booking-post-q3-results-124021200264_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Apeejay Surrendra Park Hotels lists at 21% premium over its issue price

&quot;The company benefits from decades of experience in the hospitality industry, reflected in high occupancy rates and a proven track record of service excellence. Its expansion plans indicate exciting possibilities for future revenue growth. This listing paints a hopeful picture for ASPHL, but a cautious approach is still advised. Thus, those who want to book profit may exit their holdings, and those who want to hold for the long term may keep a stop loss at Rs 168,&quot; said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. <a href="https://www.business-standard.com/markets/news/apeejay-surrendra-park-hotels-lists-21-premium-over-its-issue-price-124021200215_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Amber Enterprises slips 12% on weak December quarter earnings

That said, Amber plans to expand its portfolio in the electronics (EMS) space by further strengthening its R&amp;D and PCBA (Printed Circuit Board Assembly) manufacturing capabilities through backward integration of Bare PCB Boards and adding new industries in its EMS portfolio with the Government&#39;s encouraging policy framework for domestic manufacturing. <a href="https://www.business-standard.com/markets/news/amber-enterprises-slips-12-on-weak-december-quarter-earnings-124021200192_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Listing pre-open :: Apeejay Surrendra Park Hotels to likely list at 21% premium

&gt;&gt; Apeejay Surrendra Park hints at 20.6% listing premium on BSE<br />
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&gt;&gt; Issue price: Rs 155<br />
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Broader markets :: Mid, SmallCap indices rise 0.25% each

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Sectoral trends :: FMCG, Realty indices in red

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Sensex Heatmap :: Gainers & losers neck tussle on index; IT leads, Power stocks dip

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Opening Bell :: Nifty index slides vs Gift Nifty's hint of gap-up start

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Opening Bell :: Sensex ekes out tepid gains in early deals

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Pre-Open Session :: Sensex rises little over 100 pts

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WATCH :: Will Sebi's new disclosure norms affect FII flows?

TCS mcap share in Tata group falls below 50%

In recent quarters, Tata&rsquo;s listed firms have emerged as leading performers on the bourses, with the group&rsquo;s combined mcap&nbsp; crossing Rs 30 trillion early last week &mdash; a first for a private sector conglomerate. The milestone signifies a near doubling of the Tata group&rsquo;s mcap in the past three years, from Rs 15.6 trillion at the end of December 2020.&nbsp; <a href="https://www.business-standard.com/companies/news/tcs-mcap-share-in-tata-group-falls-below-50-for-first-time-since-2010-124021100502_1.html" target="_blank"><strong>READ MORE</strong></a>

Bond with Bharat: What activation of J P Morgan Index means for India Inc

t could result in portfolio inflows of at least $18-22 billion through June-March FY25. (Bloomberg has also launched consultation to do the same in its Emerging Market Indices from September 2024). <a href="https://www.business-standard.com/markets/news/bond-with-bharat-what-activation-of-j-p-morgan-index-means-for-india-inc-124021100609_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Street signs: ITC's drag, Indiabulls high rollers, Paytm Money urgency

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	<strong>ITC&rsquo;s drag: BAT sparks 6% plummet</strong></div>
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	Shares of ITC declined by nearly 6 per cent last week after British American Tobacco (BAT), holding a 29.03 per cent stake, announced its intention to sell a portion of its stake in the cigarette major. Analysts suggest that the impending supply of shares could exert downward pressure on ITC&rsquo;s stock. <a href="https://www.business-standard.com/markets/news/street-signs-itc-s-drag-indiabulls-high-rollers-paytm-money-urgency-124021100353_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Stocks to Watch: ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners

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	<strong>Indian Railways Catering and Tourism Corporation:</strong> IRCTC has incorporated a wholly-owned subsidiary company in the name of &#39;IRCTC Payments Ltd&#39; for the purpose of payment aggregator business.<br />
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	<strong>Orient Press: </strong>The Board has approved for setting up of new manufacturing facility/plant for new line of business of production of candles. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-feb-12-ongc-irctc-jsw-grp-drl-easy-trip-planners-124021200004_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gift Nifty :: Index hints at gap-up start

&gt;&gt; Index up 86 points at 21,924 levels&nbsp;

Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink

Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent

Good morning readers! Catch all the live market updates here with Business Standard

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