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Sensex ends 376 pts up, Nifty above 22K; Auto stocks rally, SpiceJet up 11%

Stock market highlights on February 16, 2024: Sensex, Nifty gain for fourth day; Paytm snapped its three-day decline to close at the 5 per cent upper circuit

Image SI Reporter New Delhi
BSE, stock market, sensex

3:54 AM

BSE Sensex Heatmap:: Tata Motors, Infy early movers; Power Grid weak

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3:52 AM

ALERT:: Nifty reclaims 22,000-mark, up 100 points

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3:49 AM

Opening Bell:: Sensex up nearly 300 pts at 72,345

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3:37 AM

Pre-open deals: Sensex gains 350 pts, Nifty reclaims 22,000-mark

 
3:32 AM

Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16

The Indian government is increasing the windfall tax on petroleum crude to 3,300 rupees ($39.76) a metric ton from 3,200 rupees with effect from Feb. 16, according to a notification released on Thursday.  It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order showed. READ MORE

Photo: Bloomberg
3:29 AM

Is the rally in LIC stock nearing its end?

Shares of Life Insurance Corporation, which were once synonymous with worst market debutants, have had a dramatic turnaround. From lows of about Rs 550 a year ago, the shares are quoting above Rs 1,000-mark now. What has driven this rally, and will it sustain? Watch Video

Life Insurance Corporation

3:26 AM

Ather hiring investment banks for IPO this year, eyes raising Rs 3,300 crore

Ather competes with players such as Ola Electric, Bajaj, Ampere, Hero MotoCorp, and TVS Motor Company. It has been making efforts to achieve profitability as it prepares for the IPO. READ MORE

IPO

3:23 AM

Julius Baer India gets over Rs 300 cr; Juniper Hotels IPO opens Feb 21

Juniper Hotels, which runs hotels under the Hyatt brand, on Thursday fixed the price band of Rs 342-360 per share for its Rs 1,800 crore initial public offering (IPO). READ MORE


3:20 AM

Paytm Payments Bank curbs may have limited impact, shows data

Around 90 per cent of Paytm UPI app users have their accounts linked with other banks, according to data available with banking industry sources. The data, reviewed by Business Standard, further shows that while Paytm UPI app has approximately 90 million users, some 75 million of them have also installed other UPI apps. That leaves out only 15 million unique users of the Paytm UPI app. READ MORE

paytm

3:17 AM

Cash levels in smallcap mutual fund schemes swell as valuations turn lofty

The cash pile within smallcap mutual fund (MF) schemes has grown over the past few months amid a relentless rally in stocks in this space. While fund managers usually don’t make cash calls, incessant inflows and valuation discomfort have forced their hand.  READ MORE

mutual fund investors

3:14 AM

Fund flows: FIIs net sellers, DIIs net buyers on Thursday

Foreign Institutional Investors (FIIs) net sold stocks worth Rs 3,064 crore on Thursday, while the Domestic Institutional Investors (DIIs) were net buyers of shares worth Rs 2,277 crore.

3:11 AM

ALERT:: Gift Nifty near 22,100; suggests a near 100-pt gap-up on the Nifty 50

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3:08 AM

Asian Market Update:: Strong gains seen across-the-board

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Source: Yahoo Finance

3:05 AM

Stocks to Watch today: IndiGo, ONGC, Oil India, Paytm, NBCC, SpiceJet, UPL

Shares of Oil producers to be in focus as government hikes windfall tax; Entero Healthcare to list debut today. READ MORE

Stock broker looking at screen outside the Bombay Stock Exchange
3:02 AM

Strong auto business likely to offset tractor slowdown for M&M stock

The December quarter (Q3FY24) results of Mahindra & Mahindra (M&M) were better than expected. The revenue was up 17 per cent year-on-year (Y-o-Y) to Rs 25,300 crore and in line with consensus estimates. The operating profit margin at 12.8 per cent was ahead while operating profit grew 15 per cent Y-o-Y. The consolidated adjusted net profit at Rs 2,660 crore was also up 34 per cent Y-o-Y. READ MORE 

Mahindra & Mahindra, M&M

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First Published: Feb 16 2024 | 7:37 AM IST

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