Share Market Highlights: Nifty gains almost 160 pts, Sensex reclaims 61000 at close; Adani Ent shares jump 9%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: On Tuesday, BSE Sensex rose 600 pts or 0.99% to 61,032 and NSE Nifty 50 jumped 159 pts or 0.89% to 17,929.

Share Market Today, Share Market Live Tuesday 14 February
Adani Enterprises shares jumped 9% before paring gains, closing 1.9% higher on positive quarterly results.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices closed in the green territory on Tuesday. The BSE Sensex rose 600 pts or 0.99% to 61,032 and NSE Nifty 50 jumped 159 pts or 0.89% to 17,929. Adani Enterprises shares jumped 9% before paring gains, closing 1.9% higher on positive quarterly results. The top gainers on the Sensex were ITC, Reliance, Bajaj Finance, ICICI Bank and Infosys while the top losers were NTPC, UltraTech Cement, L&T, Sun Pharma and Asian Paints.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates Tuesday 14 February

16:12 (IST) 14 Feb 2023
WPI hits 24 month low

“The wholesale inflation has softened to 4.73%, a 24-month low. After multiple months of double-digit and elevated inflation, the WPI eased to relief. The drop in inflation numbers is primarily attributed to a decline in the prices of food items, metals, textiles, chemicals, and chemicals products. Prices of vegetables and food items usually soften in the winter season. The ease in WPI inflation will have a positive impact on industrial product prices”

Raheel Shah, Director at BDR Pharmaceuticals

15:34 (IST) 14 Feb 2023
Nifty, Sensex close in green

Domestic equity indices NSE Nifty and BSE Sensex close their trading session in the green. Sensex gained 0.99% or 600 points to settle at 61,032. Nifty closed at 17,930, up 0.9%.

14:52 (IST) 14 Feb 2023
Adani Enterprises shares surge 9%

Adani Enterprises shares surged 9% to Rs 1862.40 on Tuesday, within minutes after the Gautam Adani-led company reported a rise in attributable PAT to Rs 820 crore, as compared to a loss of Rs 12 crore in the same period of the previous year.

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13:41 (IST) 14 Feb 2023
Nykaa shares fall over 4%

Shares of FSN E-Commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa, fell over 4%on Tuesday after the firm reported a decline in profit for the third quarter. In initial trade, the scrip of the company declined 4.41 per cent to Rs 143.05 apiece on the BSE.

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13:20 (IST) 14 Feb 2023
IT stocks approach crucial resistance levels

“Even though Nifty IT stocks have done reasonably well compared to the other sectors mainly due to a pullback in the Nasdaq stocks, currently investors should remain cautious as IT stocks approach crucial resistance levels. Nifty IT has strong resistance at 31104 on the Daily charts. Till this resistance is broken on the Daily charts, investors should avoid fresh buy positions now and wait for support levels of 30018 & 29505 to initiate fresh buy positions.” – A R Ramachandran from Tips2trades.

13:08 (IST) 14 Feb 2023
TCS, HDFC among volume toppers

TCS, HDFC, Infosys, Tata Steel, Reliance Industries, Tata Motors are among the volume toppers on the BSE Sensex-30 index.

13:08 (IST) 14 Feb 2023
NSE 52-week lows

Alternatively, 114 stocks including Bharat Rasayan, BASF India, Venky’s (India), Polyplex Corporation, Shaily Engineering Plastics, Adani Total Gas, Indigo Paints, Adani Transmission, Excel Industries, Barbeque Nation Hospitality, Seamec, Adani Green Energy, Motilal Oswal Financial Services, Matrimony.Com, Alembic Pharmaceuticals, Paras Defence and Space Technologies, Thyrocare Technologies, Olectra Greentech, Avadh Sugar & Energy, Mangalam Organics, Clariant Chemicals (India), TV Today Network are at 52 week lows.

13:07 (IST) 14 Feb 2023
NSE 52-week highs

On the NSE Nifty, 26 stocks hit their 52 week highs including Fourth Dimension Solutions, Apar Industries, APL Apollo Tubes, Axita Cotton, Mrs. Bectors Food Specialities, Cera Sanitaryware, CG Power and Industrial Solutions, Cummins India, Chaman Lal Setia Exports, Cummins India, Focus Lighting and Fixtures, The Motor & General Finance, Sanghvi Movers, MPS among others.

13:07 (IST) 14 Feb 2023
BSE 52-week lows

On the flip side, 150 stocks fell to their 52 week lows. Aditya Birla Sun Life AMC, Adani Green Energy, Adani Transmission, AMAL, Aksharchem (India), Alembic Pharmaceuticals, Adani Total Gas, Avadh Sugar & Energy, Borosil Renewables, Bharat Rasayan, Clariant Chemicals (India), Dollar Industries, BASF India, EKI Energy Services, HLE Glascoat, Graphite India, GRM Overseas, Excel Industries, Indigo Paints, Infobeans Technologies, Kanchi Karpooram, Kamdhenu Ventures, Olectra Greentech, KSE, Matrimony.com, Polyplex Corporation and others were among these scrips.

13:01 (IST) 14 Feb 2023
BSE 52-week highs

On the BSE Sensex, 75 stocks rose to hit fresh 52 week highs. Apar Industries, Taylormade Renewables, Veerkrupa Jewellers, Waaree Renewable Technologies, Polychem, MPS, Manomay Tex India, Sanghvi Movers, SAR Auto Products, Ovobel Foods, Jindal Saw, KPT Industries, H.G. Infra Engineering, Ganesh Benzoplast, Cummins India, Cigniti Technologies, Cera Sanitaryware and many others were among those to hit these highs.

13:01 (IST) 14 Feb 2023
HCL Tech lead gains; Adani Enterprises among losers

On the NSE Nifty index, the top winners are UPL, HCL Tech, ITC, Infosys, TechM, with UPL up 3.9%. The biggest laggards are Adani Enterprises, SBI Life, Power Grid, NTPC and Sun Pharma with Adani Enterprises down 2.12%.

12:59 (IST) 14 Feb 2023
Adani stocks, RIL, SBI among most active equities

Adani Enterprises, Adani Ports, Reliance Industries, SBI, ICICI Bank are the most active Nifty 50 stocks intraday.

12:53 (IST) 14 Feb 2023
India’s WPI inflation eases to 4.73% in January

India’s wholesale price-based inflation eased for the eight consecutive month to 4.73% in January on easing prices of manufactured items, fuel and power. The WPI inflation rate was 4.95% in December 2022 and 13.68% in January 2022.

11:55 (IST) 14 Feb 2023
Nifty IT rises over 400 pts

Nifty IT index rose 428 pts or 1.41% to 30,717 in the intraday trade on Tuesday. HCL Tech led gains, rising 2.61%, followed by Infosys, LTIM, Tech Mahindra, LTTS and Wipro.

09:24 (IST) 14 Feb 2023
Top gainers/losers

The top gainers on the Sensex were Infosys, TCS, Tata Steel, Wipro and HCL Tech while the top losers were Titan, Tata Motors, IndusInd Bank, Asian Paints and Sun Pharma.

09:23 (IST) 14 Feb 2023
Nifty, Sensex open in green

The BSE Sensex rose 227.04 pts or 0.38% to 60,658.88 and NSE Nifty 50 jumped  38.50 pts or 0.22% to 17,809.40.

08:44 (IST) 14 Feb 2023
US markets end in green ahead of CPI inflation data

US stock indices concluded in green on Monday, ahead of CPI inflation data, which is scheduled to be published today. The Dow Jones Industrial Average rose 376.66 pts or 1.11% to 34,245.93, S&P 500 advanced 46.83 pts or 1.14% to 4,137.29 and Nasdaq climbed 173.67 pts or 1.48% to 11,891.79.

08:40 (IST) 14 Feb 2023
Asian markets trade mixed

Asian markets were trading mixed in the early morning trade. China’s Shanghai Composite index fell 1.28 pts or 0.04% to 3,282.88, Hong Kong’s Hang Seng dropped 26.42 pts or 0.12% to 21,138.00, Japan’s Nikkei 225 rose 152.29 pts or 0.56% to 27,579.61 and South Korea’s KOSPI climbed 18.54 pts or 0.76% to 2,471.24.

08:34 (IST) 14 Feb 2023
RBI unlikely to change stance in April policy; 25 bps hike a distinct possibility now

“The January CPI inflation print at 6.5% is much ahead of our estimate of 6.1%. Much of this sharp increase in inflation is due to high cereal price inflation and partly due to an unfavourable base. However, with cereal prices staying on the upside, inflation could remain around the 5.5-6% mark in the near term. The hawkish tone of the RBI in the February policy seems justified with both headline and core inflation (at 6.4% in January) remaining sticky and elevated. The RBI is unlikely to change its stance in the April policy while a 25 bps hike is a distinct possibility now (compared to a larger probability of pause earlier).” – Suvodeep Rakshit, Senior economist at Kotak Institutional Equities.

08:30 (IST) 14 Feb 2023
Bank Nifty remains in sell-on-rise mode

“The Bank Nifty index faced selling pressure at the higher levels and failed to surpass the level of 41800. The options data indicates the resistance at 42000 where the highest open interests are built up on the call side. The index once closes above 42000 will sharp short covering towards 43000-43500 levels. The index remains in a sell-on-rise mode as long it stays below the level of 42000.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:28 (IST) 14 Feb 2023
Nifty trend looks sideways to negative for the near term

“The Nifty has formed a bearish engulfing pattern on the daily chart as sellers outnumbered buyers during the session. On the daily chart, the index found resistance around the upper band of the falling channel, resulting in a fall towards 17700. The momentum oscillator RSI is about to enter a bearish crossover on the daily chart. The trend looks sideways to negative for the near term as the headline index failed to provide an upside breakout. On the lower end, crucial support is visible at 17650, below which Nifty may witness a significant correction.” – Rupak De, Senior Technical Analyst at LKP Securities.

08:26 (IST) 14 Feb 2023
Adani Enterprises Q3 results today

Adani Enterprises, the flagship entity of Adani Group is scheduled to report its third-quarter earnings for fiscal 2023 today, on Tuesday, February 14. The group made headlines after US-based short-seller Hindenburg Research accused the Adani Group/family of stock manipulation and money laundering. The company’s stocks fell 50% in the aftermath of Hindenburg’s report, losing over Rs 9 lakh crore in market capitalisation in just a few days.

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08:23 (IST) 14 Feb 2023
CPI inflation jumps to 3-month high after falling 3 months in a row

India’s CPI inflation took a spooky U-turn in January, jumping to a 3-month high of 6.52% after falling for three months in a row, and breaching the Reserve Bank of India’s (RBI) tolerance range. The spike in retail inflation in January was mainly due to a spike in food prices, according to the Ministry of Statistics and Programme Implementation report, published on Monday. In the earlier months, the inflation rate based on the Consumer Price Index (CPI) stood at 5.72% in December and 6.01%in January 2022.

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First published on: 14-02-2023 at 08:18 IST
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