Share Market Highlights- Nifty, Sensex settle in red, BSE index falls 120 pts; Bank Nifty in green, M&M shares dip

Share Market Highlights: Nifty, Sensex settle in red, BSE index falls 120 pts; Bank Nifty in green, M&M shares dip

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices ended the week’s last session in the red. The BSE Sensex fell 123.52 pts 0.20% to 60,682.70 and NSE Nifty 50 dropped 36.95 points or 0.21% to 17,856.50. The top gainers on Sensex were Tata Motors, Larsen & Toubro, Bharti Airtel, HDFC Bank and State Bank of India while HCL Tech, Tata Steel, ICICI Bank, ITC and Reliance Industries Ltd.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Highlights Friday 10 February

15:49 (IST) 10 Feb 2023 Top gainers/losers

The top gainers on Sensex were Tata Motors, Larsen & Toubro, Bharti Airtel, HDFC Bank and State Bank of India while HCL Tech, Tata Steel, ICICI Bank, ITC and Reliance Industries Ltd.

15:49 (IST) 10 Feb 2023 Sensex, Nifty close in red

The BSE Sensex fell 123.52 pts 0.20% to 60,682.70 and NSE Nifty 50 dropped 36.95 points or 0.21% to 17,856.50.

12:37 (IST) 10 Feb 2023 Mukesh Ambani’s 4 convincing reasons for faith in India’s very strong growth

Reliance Industries Chairman Mukesh Ambani today listed four reasons why he believes that India is on a very strong growth path. First, Indians are embracing technology at a pace unseen even in the developed world, said Mukesh Ambani at Uttar Pradesh Global Investors Summit 2023. Next, he said that India has the world’s largest population of youth, brimming with entrepreneurial energy and passion.

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12:35 (IST) 10 Feb 2023 Why Zomato share price tanked 7% today; should you buy hold or sell?

Zomato shares tanked over 7% today in the morning trade, touching an intra-day low of Rs 50.35 after the company’s fiscal third-quarter net loss widened over five-fold on-year to Rs 343 crore from Rs 66 crore, mainly due to an exceptional gain in the same quarter last year. The company’s revenue from operations in the October-December 2022 quarter jumped 75% to Rs 1,948 crore from Rs 1,112 crore in the previous year.

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11:46 (IST) 10 Feb 2023 Adani Group stocks in lower circuit today

Adani group stocks continued falling on Friday after Morgan Stanley Capital International (MSCI) cut the free-float designations of four Adani group companies, saying that it plans to reduce the weightage of these stocks, effective March 1. Adani Enterprises shares fell nearly 10% on open today. However, the scrip recovered and was last trading down 1.8% at Rs 1,899 on NSE. Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas stocks hit lower circuit of 5%, and were trading at Rs 726, Rs 164, Rs 1,186, and Rs 1,255 respectively. Seven out of ten Adani Group firms were trading in the negative territory.

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09:33 (IST) 10 Feb 2023 LIC shares rise 2% after net profit jumps over 40 times

Life Insurance Corporation of India (LIC) shares rose 2.55% to Rs 629.00 after reporting over 40 times on-year growth in consolidated net profit to Rs 8,349 crore in the fiscal third quarter of FY23, up from Rs 211 crore in the same quarter last year.

09:30 (IST) 10 Feb 2023 Zomato shares tank 4% after net loss widens over five-fold

Zomato shares tanked 4.41% to Rs 52.00 after the company’s fiscal third-quarter net loss widened over five-fold on-year to Rs 343 crore from Rs 66 crore, mainly due to an exceptional gain in the same quarter last year.

09:28 (IST) 10 Feb 2023 Bank Nifty slips below 41,500

Bank Nifty fell 60.35 pts or 0.15% to 41,493.95. The top gainers on the index are AU Bank, Bank of Baroda, PNB, Axis Bank and Kotak Bank while the losers are ICICI Bank, IDFC First Bank, IndusInd Bank, SBIN and HDFC Bank.

09:24 (IST) 10 Feb 2023 Top gainers/losers

The top gainers on Sensex are, Mahindra & Mahindra, Bajaj Finserv, ITC, Larsen & Toubro and Bajaj Finance while the losers are HCL Tech, Tata Steel, Infosys, Wipro and Tech Mahindra.

09:22 (IST) 10 Feb 2023 Nifty, Sensex open in red

Indices open in red. The BSE Sensex fell 123.94 pts or 0.20% to 60,682.28 and NSE Nifty 50 dipped 50.85 pts or 0.28% to 17,842.60. The BSE Sensex fell 123.94 pts or 0.20% to 60,682.28 and NSE Nifty 50 dipped 50.85 pts or 0.28% to 17,842.60.

09:14 (IST) 10 Feb 2023 Sensex, Nifty end pre-open in red

Equity indices ended the pre-opening session in the red. The BSE Sensex fell 99.41 points or 0.16% to 60,706.81 and NSE Nifty 50 dropped 45.90 pts or 0.26% to 17,847.55.

09:01 (IST) 10 Feb 2023 A successful close over 18000 will trigger a breakout in Nifty

“Although markets remained range-bound with a positive tendency on Thursday, market volatility could continue in the near term. The Nifty is gaining traction, with bullish expectations for a test of near-term resistance at 18,000 levels. On the downside, prices have support at 17750-17680 levels. A successful close over 18000 will trigger a breakout in the index, potentially leading to prices in the 18100-18200 range.” – Om Mehra, Equity Research Analyst at Choice Broking.

08:59 (IST) 10 Feb 2023 Investors should focus on capital goods, IT and banking sector

“Q3 results from the broader market indicate pressure on margins. Many mid and small-cap results are disappointing. Now, safety is in large caps. Investors should focus on segments where earnings visibility is good, like capital goods, IT and banking.” – V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

08:58 (IST) 10 Feb 2023 Rising inflows in weak market a very healthy trend

“A healthy trend in the market is the sustained rise in SIPs into equity which has touched Rs 13,856 crores in January this year. Rising inflows when the market is weak is a very healthy trend and can act as a counter to the rising FII outflows. This will bring stability to the market.” – V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

08:56 (IST) 10 Feb 2023 No major triggers to take the market forward

“With the Budget, monetary policy and earnings season behind us, there are no major triggers to take the market forward. Rallies are likely to be sold since FIIs have been sustained sellers in the market since the beginning of 2023. But, the fact that FII selling has declined to Rs 144 crores (on 9th February) is positive.” – V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

08:19 (IST) 10 Feb 2023 Bank Nifty support seen at 41500, resistance pegged at 41800

“The Bank Nifty remained mostly sideways as the index failed to witness a directional move during the day. The momentum indicator RSI is in a bullish crossover on the hourly chart. Besides, the Bank Nifty bulls were able to hold 41,500 on a closing basis. On the lower end, support is placed at 41500/41300/41000. The resistance on the higher end is pegged at 41800/42000.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:13 (IST) 10 Feb 2023 US market concludes in red

The US markets ended the overnight session lower. The Dow Jones Industrial Average fell 249.13 pts or 0.73% to 33,699.88, S&P 500 sank 36.36 pts or 0.88% to 4,081.50 and Nasdaq tanked 120.94 pts or 1.04% to 11,789.58.

08:13 (IST) 10 Feb 2023 Asian markets trade lower

Most of the Asian markets were trading in red with China’s Shanghai Composite index falling 0.16%, Hong Kong’s Hang Seng dropping 1%, South Korea’s KOSPI dipping 0.48% and Japan’s Nikkei 225 rising 0.53%.