Sensex ends 228 pts higher, Nifty above 21900; M&M soars 7%, ZEEL dips 6%

Stock market highlights on February 15, 2024: Energy and oil & gas sector largecaps NTPC, Power Grid, BPCL and ONGC were among the top frontline gainers, closing 3-5 per cent up

10:57 AM

Swiggy may file papers with Sebi for IPO in 2 weeks to raise Rs 8,000 cr

Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its initial public offering (IPO) in the next two weeks, aiming for an $11 billion IPO valuation target. READ MORE

10:49 AM

Travel portal Ixigo's parent firm files draft papers with Sebi to float IPO

The Gurugram-based company's Initial Public Offering (IPO) will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).  READ MORE

10:38 AM

Oil India hits new high, surges 15% in 2 days on strong production outlook

Oil India's earnings growth over the next 3-5 years is likely to be aided by expansion of Numaligarh Refinery Limited (NRL) refinery. READ MORE

10:28 AM

Sector ALERT:: BSE Oil & Gas index soars 2%; OMCs lead

10:11 AM

COMMENT:: RIL, SBI, ICICI Bank are the new leaders

"A significant feature of a bull market is its ability to bounce back from a steep fall. This was evident yesterday when Nifty bounced back by around 300 points from the lows. The heavy selling by FIIs,which was expected in response to the spike in US bond yields, didn’t impact the market since it was neutralised by DII and individual investor buying.

 

A significant feature of the market now is the change in leadership. Reliance has emerged as the leader of the rally and is supported by ICICI Bank and SBI. The strength of these fundamentally strong stocks augurs well for the bulls.

The valuation gap between large caps and the broader market continues to be an area of concern."

 

-  Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

10:04 AM

Coal India up 2%; firm maintains top spot among CPSEs in GeM

Coal India has maintained the top position among all Central Public Sector Enterprises (CPSEs) in Government e-Marketplace (GeM) procurement. As on Feb 14, 2024, the procurement through GeM soared to Rs 63,890 crore, which is 300 per cent of the annual target of Rs 21,325 crore.

 

9:56 AM

ALERT:: Vedanta sees huge volume; stock trades flat

9:50 AM

Earnings impact:: NMDC soars 6% after posting 63% surge in Q3 profit

NMDC posted a 62.6 per cent growth in Q3 consolidated net at Rs 1,470 crore on a year-on-year basis, backed by 45.4 per cent jump in revenue from operations to Rs 5,410 crore.

9:43 AM

Market check:: Sensex slips into red, down 50 points

9:39 AM

ALERT:: Paytm hits fresh low, down 4% after ED start probe under FEMA

The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, sources said. ED is learnt to have sought further clarification on the matter from the central bank. 

       

9:33 AM

BSE MidCap Heatmap:: Glenmark Pharma, Muthoot Finance jump up to 5%; Rajesh Exports tanks 7%

9:29 AM

Market check:: MidCap, SmallCap indices rally around 1%

9:25 AM

Sensex Heatmap:: M&M soars 4%; Nestle, HUL in red

9:23 AM

Opening Bell:: Nifty tops 21,900, up 70 points

9:19 AM

Opening Bell:: Sensex up over 200 points, above 72,000-mark