Stocks To Watch- HDFC Bank, Bharti Airtel, Coal India, Sterlite Technologies, Welspun Corp, Cognizant
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 50 points or 0.23% at 22,078.00 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 70.70 points or 0.32% to settle at 21,910.75, while the BSE Sensex closed 227.55 points or 0.32% higher at 72,050.38.
Stocks to Watch on February 16, 2024
HDFC Bank
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Share Market Highlight- Markets end off high! Nifty closes above 21,800, Sensex near 72,085.63 points; oil & gas and metal losses
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in positive territory. The NSE Nifty 50 closed 156.35 points or 0.72% higher to settle at 21,853.63, while the BSE Sensex gained 440.33 points or 0.61% to settle at 72,085.63. The broader indices closed in the green, with midcap and smallcap stocks gaining the most. Bucking the trend, the Bank Nifty index lost 217.70 points or 0.47% to settle at 45,970.95.
Crude oil edges up on smaller US output growth estimates
Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply. Brent crude futures rose 38 cents, or 0.5%, to $78.97 a barrel as of 0013 GMT, while U.S. West Texas Intermediate crude climbed 41 cents, or 0.6%, to $73.72.
Both contracts had gained slightly on Monday. U.S. domestic production will not exceed the December 2023 record of more than 13.3 million barrels per day until February 2025, the U.S. Energy Information Administration (EIA) said on Tuesday in its short term energy outlook.
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Share Market Highlights- Nifty settles above 20,850, Sensex near 69,300; Bank Nifty gains more than 500 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 168.50 points or 0.81% to settle at 20,855.10, while the BSE Sensex jumped 431.02 points or 0.63% to 69,296.14. The broader indices ended in positive territory, with gains led by Largecap and Midcap stocks. Bank Nifty index rallied 580.85 points or 1.25% to settle at 47,012.25. Banking and Consumer Durables stocks outperformed among the other sectoral indices while Media, Realty, and IT stocks shed. Adani Enterprises, Adani Ports & SEZ, Power Grid, NTPC, and State Bank of India were the top gainers on the NSE Nifty 50, while the laggards include LTI Mindree, Hindustan Unilever, D…
Stress test 2.0 shows better liquidity at some large funds
The second stress test results of mid-cap and small-cap mutual fund schemes showed improvement in liquidity position at some large funds, data from the Association of Mutual Funds in India (Amfi) showed.
Market participants said the improvement could have come on the back of fund managers actively focusing on stocks which are more liquid, as well as natural market process where average volume might have risen.
Of the 10 largest small-cap funds, 5 saw improvement in their liquidity position in March, while 3 of the 10 largest mid-cap funds also showed similar results.
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Suraj Estate Developers IPO subscribed 71 per cent on first day of subscription
The initial share sale of Suraj Estate Developers got subscribed 71 per cent on Monday, the first day of subscription. The Initial Public Offer (IPO) got bids for 58,50,946 shares against 82,35,293 shares on offer, as per data available with the NSE.
The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times while the quota for non-institutional investors received 28 per cent subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 12 per cent.
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The Mumbai-based company’s IPO is entirely a fresh issuance of equity shares worth Rs 400 crore with no Offer for Sale (OFS) component. The company’s IPO has a price range of…
Union Budget Trends- Market moved less than 1% in just 7 of last 24 budget sessions
The Union Budget has long been a significant influencer in the Indian market, often synonymous with heightened market volatility. Over the past 24 years, specifically during budget sessions on February 1, data reveals that only in 7 instances did the Indian market move less than 1 percent on the budget day.
In the most recent budget session on February 1, 2023, Indian indices experienced a mixed outcome after an extremely volatile session. The Sensex closed 158 points, or 0.27 percent, higher at 59,708.08, while the Nifty ended at 17,616.30, down 46 points, or 0.26 percent. Notably, this marked the first time since 2018 that Indian indices moved less than one percent on the budget day, with the market ending nearly flat in 2018, down just 0.1 percent.
Examining t…