Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues

Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent

4:13 PM

Expert commentary | Market to remain volatile amid global headwinds: Geojit Financial Services

"Domestic indices started weak taking cues from negative global peers but in between recouped most of its losses on reports of likely meeting between Biden and Putin over the Ukraine issue. However, the market could not stretch the direction and turned negative as uncertainty in the global markets continued. Investors stood sidelined impacting volumes. The market is expected to be volatile due to the upcoming Fed meeting and state election results," said Vinod Nair, Head of Research at Geojit Financial Services.

4:09 PM

Nifty tech levels | Index has support at 17,000 levels at present: Choice Broking

At present, the Nifty index has support at 17000 levels, breaching below the same can show further downside till 16900-16800 levels, while resistance comes at 17500 levels. On the other hand, Bank nifty has support at 36800 levels while resistance at 38500 levels, according to Palak Kothari, Research Associate, Choice Broking. 

4:04 PM

Kalpataru Power ends 3% up on plan to merge JMC Projects

Kalpataru Power has announced the merger of JMC Projects (India) with itself to create one of India’s largest EPC companies in the areas of power transmission, buildings & factories, railways, oil & gas, water and heavy civil. As per the merger ratio, sharesholders of JMC shall be issued equity shares of Kalpataru in the ratio of 4:1.

hotel stocks

3:56 PM

Godawari Power rises 4% on plan to divest entire stake in arm

Godawari Power and Ispat Ltd has approved in-principle the proposal for divestment of its entire shareholding in Godawari Green Energy Limited, a material subsidiary, by way of sale / transfer to Virescent Renewable Energy Trust at an enterprise value of Rs 665 crores.

 

3:51 PM

Sector update: Nifty Bank ends in green, Metals, Pharma, Realty, PSBs top losers

 

l stocks

3:46 PM

Losses across broader indices; SmallCaps worst hit

 

3:42 PM

Sensex Heatmap: Sun Pharma, TCS, ITC, L&T, Ultratech Cement dip 1.5-2%

 

3:40 PM

Closing Bell: Benchmarks end lower for fourth day; Nifty holds 17,200

 

3:39 PM

Closing Bell: Sensex sheds 149 points, down 0.26%

 

3:24 PM

NEWS ALERT :: ED conducts raids at Indiabulls Finance Center

The Enforcement Directorate (ED) on Monday conducted raids at the offices of India Bulls Finance Centre in Mumbai and Delhi in connection with a Prevention of Money Laundering case lodged against the company and its promoter Sameer Gehlaut in April 2021. READ MORE

3:13 PM

Domestic air traffic to cross pre-Covid levels in next 2 months: Scindia

During the pre-COVID times, domestic airlines carried around 4 lakh passengers per day and the number began climbing up after second wave but again declined after the emergence of Omicron infections late last year. READ MORE

3:03 PM

Nifty Bank firm in subdued afternoon trades; Federal Bank up 2%

 

2:53 PM

RIL, Sun Pharma, TCS, ITC account for major losses on Sensex

 

2:51 PM

Tata Power, RWE Renewables GmbH tie up to develop offshore wind projects

Tata Power on Monday said it has collaborated with Germany-based RWE Renewable GmbH to explore potential for a joint development of offshore wind projects in India.

 

A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 per cent subsidiary of Tata Power, which is one of India's largest integrated power companies, and RWE Renewables GmbH, one of the world's leaders in offshore wind, a Tata Power statement has said. READ MORE
 

2:35 PM

Global markets :: European stocks climb as hopes of Russia-Ukraine solution emerge

>> European markets advanced on Monday as hopes emerged for a diplomatic solution to Russia-Ukraine tensions.

>> The pan-European Stoxx 600 index added 0.6% in early trade, with banks climbing 1.1% to lead gains as all sectors and major bourses entered positive territory.

>> Shares in Asia-Pacific were mixed on Monday as investors continued to monitor the situation surrounding Ukraine, while China left its benchmark lending rate unchanged.

>> Markets in the United States are closed Monday for the Presidents Day holiday, having dropped sharply on Friday as global markets were roiled by rising tensions in eastern Europe.

Source: CNBC

2:35 PM

Sectoral trends: : Nifty Metals, PSBs, Pharma, Oil & Gas lead losses

2:20 PM

No definite plans for a Putin-Biden Summit: Reports

2:17 PM

MARKET CHECK :: Indices off highs

>> Sensex erases gains, turns negative in late noon deals

2:07 PM

Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%

Shares of listed hotel companies rallied up to 20 per cent on the BSE in Monday's intra-day trade, supported by heavy volumes, on expectation of strong outlook. Chalet Hotels, for instance, surged 20 per cent to hit a 52-week high of Rs 301.40 on the back of two-fold jump in trading volumes. READ MORE 

 

1:50 PM

Promoter pledging increases in Dec quarter amid a spike in volatility

Share pledging by promoters rose during the December 2021 quarter amid a spike in volatility. According to a report by Kotak Institutional Equities (KIE), the value of pledged promoter holdings as a percentage of promoter holding rose to 1.6 per cent in December 2021 quarter, from 1.5 per cent in the September 2021 quarter. READ MORE

1:46 PM

Currency check : Rupee continues to gain against US dollar

source: Bloomberg

1:40 PM

Russia could lose financial markets access if it invades Ukraine: EU chief

Western leaders have until now refused to be drawn on the details of the responses they have agreed on if Russia invaded, only ruling out a military response and promising economic sanctions that would be unprecedented in scale. "Russia would in principle be cut off from the international financial markets," Von der Leyen told ARD public television late on Sunday evening. READ MORE

1:29 PM

Vedant Fashions falls 12% in three days post listing; nears issue price

The stock has fallen 12 per cent from its listing day high of Rs 993 on February 16, 2022. Currently, it is trading just 1 per cent higher over its issue price.

 

Vedant Fashions' shares were listed at Rs 936, an 8 per cent premium over its issue price of Rs 866 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 935 per share despite poor subscription figures. READ MORE

1:24 PM

Financial shares related indices continue to shine followed by technology

The S&P BSE Private Bank and the S&P BSE Bankex were up over a per cent each. The IT index was the other notable gainer, up 0.5 per cent.

1:12 PM

India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

India's first Hydrogen Policy has the potential to morph India into a green hydrogen export hub from being an energy importer, believe analysts, as the policy would not only make merchant green hydrogen highly viable, but also potentially make India the cheapest producer globally. READ MORE

12:58 PM

US futures aid positive sentiment, up smartly

The US futures were up smartly, thus aiding the positive sentiment in our markets. The US markes, however, will be shut for trading tonight owing to President Day's holiday.

Source: Investing.com

12:45 PM

Here are FIVE reasons why bulls are not ready to lose control despite several headwinds

Despite the possibility of sooner-than-expected and a more aggressive rate hike by the US Federal Reserve, geopolitical tension between Russia and Ukraine that fueled the rise in Brent crude oil prices to an eight-year high of around $97 a barrel, analysts still are hopeful that the markets will weather the storm. READ MORE

12:44 PM

NEWS ALERT :: Skymet Weather predicts normal Monsoon in 2022

>> It is expected to be in normal range of 96-104% of LPA

>> detailed forecast to be released in April

12:30 PM

Private banks, select IT shares help Sensex, Nifty rebound into positive zone

ICICI Bank, IndusInd Bank and Axis Bank were the prominent gainers among the Sensex 30 shares. PowerGrid, Maruti and Infosys were also up nearly a per cent each.

12:15 PM

TCS in focus ahead of ex-date for share buyback; down 3% from day's high

Shares of Tata Consultancy Services (TCS) are in focus in Monday’s trade ahead of ex-date for its share buyback tomorrow, February 22, 2022. The stock hit an intra-day low of Rs 3,705.80, falling 3 per cent from its intra-day high of Rs 3,812 on the BSE. It had opened 0.5 per cent higher at Rs 3,812 in an otherwise weak market. READ MORE