Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices concluded Monday’s volatile session in the red territory. The Sensex closed below 60,450 and the Nifty settled above 17,800. The BSE Sensex fell 250.86 points or 0.41% to 60,431.84 and NSE Nifty 50 plunged 85.60 pts or 0.48% to 17,770.90. The top gainers on Sensex were Titan, Larsen & Toubro, NTPC, Bajaj Auto and Eicher Motors while the losers were Adani Enterprises, Adani Ports, State Bank of India, Infosys and Apollo Hospitals.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Highlights
FSN E-Commerce, the parent company of Nykaa, reported a 68% on-year fall in its net profit to Rs 9.2 crore for the third quarter of the current fiscal, as compared to Rs 29 crore in the year-ago period. The revenue from operations jumped 33% to Rs 1462 crore from Rs 1098 crore in the same period the previous year. On Monday ahead of the quarterly results, Nykaa shares closed 2.68% lower at Rs 150.55. Falguni Nayar’s company’s expenses jumped 36% on-year to Rs 1455 crore in the October-December quarter of the ongoing financial year as compared to Rs 1067 crore in the last year’s corresponding quarter.
The top gainers on Sensex were Titan, Larsen & Toubro, NTPC, Bajaj Auto and Eicher Motors while the losers were Adani Enterprises
The BSE Sensex fell 250.86 points or 0.41% to 60,431.84 and NSE Nifty 50 plunged 85.60 pts or 0.48% to 17,770.90.
SBI, Infosys, Asian Paints, Tata Steel, Reliance Industries, L&T, Bajaj Finance are among the volume toppers on the BSE Sensex-30 index.
Alternatively, 67 stocks including Bharat Rasayan, Shaily Engineering Plastics, Adani Total Gas, Adani Transmission, Cheviot Company, Barbeque Nation Hospitality, Adani Green Energy
On the NSE Nifty, 39 stocks hit their 52 week highs including Fourth Dimension Solutions, Archean Chemical Industries, Blue Star, APL Apollo Tubes, Axita Cotton, Cera Sanitaryware, ION Exchange (India), Safari Industries (India), Kingfa Science & Technology (India), Blue Star, PG Electroplast, KDDL, Rane Holdings, Landmark Cars, Sonata Software, CG Power and Industrial Solutions, Mold-Tek Technologies, The Motor & General Finance, Fourth Dimension Solutions among others.
On the flip side, 120 stocks fell to their 52 week lows.TCNS Clothing Co., TechNVision Ventures, Smruthi Organics, Shri Jagdamba Polymers, Shaily Engineering Plastics, Rupa & Company, Sarvottam Finvest, PG Foils, Varroc Engineering, Matrimony.com, Mahindra Logistics, KSE, Hitech Corporation, HLE Glascoat, Aditya Birla Sun Life AMC, Fermenta Biotech, EKI Energy Services, Dollar Industries, DCX Systems, Dharmaj Crop Guard, Alembic Pharmaceuticals, Adani Transmission, Adani Green Energy and others were among these scrips.
On the BSE Sensex, 112 stocks rose to hit fresh 52 week highs.Waaree Renewable Technologies, Uniphos Enterprises, Taylormade Renewables, Siemens, SAR Auto Products, Sanghvi Movers, Sonata Software, Starlineps Enterprises, Rane (Madras), Ratnamani Metals & Tubes, Safari Industries (India), Polychem, Kingfa Science & Technology (India), KDDL, Landmark Cars, Comfort Fincap, Dalmia Bharat, H.G. Infra Engineering, Integra Engineering India, Cera Sanitaryware, APL Apollo Tubes, Carborundum Universal, Blue Star and many others were among those to hit these highs.
On the NSE Nifty index, the top winners are Titan, L&T, Bajaj Auto, Eicher Motors, NTPC, with Titan up 1.88%. The biggest laggards are Adani Enterprises, Adani Ports
Four Adani Group stocks hit a lower circuit in the early morning trade on Monday after a ratings outlook cut by Moody’s dampened investors’ sentiment. Adani Green Energy shares were locked in the lower circuit, falling 5% to Rs 687.75 after Moody’s downgraded the company’s outlook to ‘negative’ from ‘stable’. Adani Power shares tanked 5%, trading at Rs 156.10, Adani Transmission was down 5% at Rs 1126.85 and Adani Total Gas fell 5% to Rs 1195.35. On the flip side, Adani Enterprises and Adani Ports and Special Economic Zone shares were up marginally.
Paytm shares recovered partly today after sinking 9% on Friday after the Chinese e-commerce giant Alibaba offloaded its entire holding in the online payments aggregator. Paytm shares rose 4.28% to Rs 678.00 on BSE in an otherwise negative market with Sensex and Nifty 50 falling half a percent. Alibaba offloaded 21,431,822 shares of Paytm’s parent One97 Communications in a bulk deal on Friday, translating to about a 3.4% equity stake.
The top gainers on the Sensex were Titan, Bajaj Finserv, Bharti Airtel, Asian Paint and ITC while the losers were Infosys, Wipro, Hindustan Unilever, Tech Mahindra and TCS.
Indices opened on a flat note on Monday. The NSE Nifty 50 rose 13.45 or 0.08 to 17,869.95 and BSE Sensex gained 51.78 pts or 0.09% to 60,734.48.
The US equity indices ended Friday’s session mixed. The Dow Jones Industrial Average rose 169.30 pts or 0.50 % to 33,869.27, S&P 500 rose 8.96 pts or 0.22% to 4,090.46 and Nasdaq fell 71.46 pts or 0.61% to 11,718.12.
Asian markets were trading mostly in green in the early morning trade. Japan’s Nikkei 225 fell 316.17 or 1.41% to 27,354.81, Hong Kong’s Hang Seng dipped 220.98 pts or 1.04% to 20,969.44 and China’s Shanghai Composite index rose 12.66 pts or 0.39% to 3,273.33.
FSN E-Commerce Ventures (Nykaa), Zee Entertainment, Power Finance Corporation, Sun Pharma Advanced Research Company, Shree Renuka Sugars, SAIL and others will report quarterly results today.
Chinese e-commerce giant Alibaba has offloaded its entire holding in online payments aggregator Paytm. Alibaba sold 21,431,822 shares of Paytm’s parent One97 Communications in a bulk deal on Friday, translating to about a 3.4% equity stake. Alibaba had, in January, already pared 3.1% of its 6.26% holding in Paytm. The Chinese company has been exiting its India investments, having already offloaded its stakes in Zomato and BigBasket earlier.
Moody’s Investors Service has affirmed the ratings on eight Adani Group companies, including Adani Green Energy. Moody’s has changed the outlook of four Adani Group companies—Adani Green Energy, Adani Green Energy Restricted Group, Adani Transmission Step-One, and Adani Electricity Mumbai—to “negative” from “stable”. It maintained a “stable” outlook for four others—Adani Ports and Special Economic Zone, Adani International Container Terminal, Adani Green Energy Restricted Group-2, and Adani Transmission Restricted Group 1.