Share Market LIVE: Sensex resumes upward march, closes 222 pts higher, Nifty ends above 15,150; RIL gains 4%

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Updated: February 11, 2021 4:24:23 pm

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Among sectoral indices, only Nifty Auto, Nifty Realty, Nifty Financial Services, and Nifty PSU Bank closed with losses on Thursday.

stock markets, share market todayIndia VIX fell 3.88% higher on Thursday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets returned to winning ways on Thursday. S&P BSE Sensex closed 222 points higher at 51,531 while the broader 50-stock NSE Nifty ended at 15,173. Reliance Industries was the top Sensex gainer, jumping 4%. This was followed by Sun Pharma, Power Grid, and Bajaj Finance. Titan and Larsen & Toubro were the top index drags. Nifty PSU Bank, Nifty Financial Services, Nifty Auto, and Nifty Realty were the only indices to close with losses. India VIX or the fear gauge of domestic stock markets closed 3.88% lower at 23.

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Highlights

    16:24 (IST)11 Feb 2021
    Sensex, Nifty end higher after two-day breather; here’s what experts make of today’s market movement

    Sensex and Nifty, after trading flat for two consecutive days, resumed marching upward on Thursday. S&P BSE Sensex closed the day’s trade  222 points higher at 51,531 while the broader 50-stock NSE Nifty ended at 15,173. Reliance Industries was the top Sensex gainer, jumping 4%. Titan was the top drags, falling over 2%. Among sectoral indices, only Nifty Auto, Nifty Realty, Nifty Financial Services, and Nifty PSU Bank closed with losses on Thursday. Volatility index or India VIX fell 3.88% to end at 23 levels.

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    15:34 (IST)11 Feb 2021
    Closing Bell

    Sensex and Nifty back in black. Benchmark indices resumed their upward trajectory as they closed with gains on Thursday. Sensex jumped 222 points while Nifty 50 closed above 15,150.

    15:09 (IST)11 Feb 2021
    HDFC Securities initiates coverage of these two chemical stocks, expects over 20% upside

    After being hit by the coronavirus aided pandemic and an economic slowdown, India’s chemical industry was hit severely in the previous year. However, now as the economy recovers and normalcy resumes, chemical space is among the first to recover. “We have assessed the current situation of the industry and our analysis compels us to uphold our positive stance on our specialty chemicals universe,” said domestic brokerage and research firm HDFC Securities. Now, post lockdown, capital expenditure seems to be on the cards for a number of chemical sector firms.

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    13:38 (IST)11 Feb 2021
    Reliance Industries jumps

    Mukesh Ambani's Reliance Industries was the top Sensex gainer so far on Thursday. The stock price soared over 2.7% during the day.

    13:19 (IST)11 Feb 2021
    Sensex, Nifty trade flat but positive

    Sensex was up 84 points at 1:15 PM while Nifty 50 was just below 15,150 mark. Reliance Industries, Sun Pharma, and Bharti Airtel were up more than 2% each.

    12:30 (IST)11 Feb 2021
    Rakesh Jhunjhunwala made Rs 633 crore from these 5 stocks in 9 days since Union Budget

    Since the Union Budget, five of Rakesh Jhunjhunwala owned stocks have outperformed the benchmark indices by quite some margin. The seven-day rally in domestic equities, followed by two days of flat moves may have helped Rakesh Jhunjhunwala, who is often called the big bull of domestic stock markets, pocket a massive Rs 663 crore in just little over a week of trading. In the aftermath of the Union Budget, Sensex and Nifty have so far zoomed 11% each to scale fresh all-time highs, recouping all the losses they had suffered in the previous week.

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    12:08 (IST)11 Feb 2021
    Expiry Express ~ Motilal Oswal

    Nifty index opened flattish and took a pause in the positive momentum after a streak of making record highs from the last seven consecutive sessions. The index broke its previous day’s low and took a breather to close the day on a flat to negative note. It formed a Doji candle on daily scale with a long lower shadow indicating dips were being bought in the market. Now, Nifty has to hold above 15000 to continue its bullish momentum towards 15200 and 15250 zones while on the downside major support can be seen around 14850 and 14750 zones.

    Expiry day point of view : Overall trend is bullish with buy on small declines strategy. Option traders are suggested to be with positive to range bound bias for an up move towards 15200 zones. Buy nearby 15050 and 15100 Call or Bull Call Ladder Spread.

    Option Writing : Aggressive Option writers can sell 15300 Call and 14700 Put with strict double stop loss            

    11:23 (IST)11 Feb 2021
    Sensex, Nifty trim gains

    Sensex was again trading flat, trimming nearly 100 points from the highs. Nifty 50 was still above 15,100. Reliance Was the top gainer on Sensex.

    10:57 (IST)11 Feb 2021
    Brookfield India REIT IPO: Check share allotment status via BSE, registrar websites, listing date

    The Rs 3,800-crore Brookfield India Real Estate Trust (REIT) initial public offer (IPO), which was subscribed nearly 8 times, will finalise the basis of share allotment on Thursday. It was the third REIT IPO after Embassy Office Parks REIT in 2019 and Mindspace Business Parks REIT in 2020. The issue was sold in the price band of Rs 274-275 per share. The shares of Brookfield India REIT will be listed on both BSE as well as the National Stock Exchange (NSE). 

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    10:50 (IST)11 Feb 2021
    Nippon India Nifty 50 Value 20 Index Fund expected to have lower drawdown

    While the performance history is limited for this index, it seems to be a good alternative to buying the Nifty 50 index, given its lower risk and higher return profile historically. Given its value tilt, the index is trading at more favourable valuations (lower P/E, lower P/B) as compared to Nifty 50. The Nippon India Nifty 50 Value 20 Index Fund is also expected to have a lower drawdown as compared to Nifty 50.: INDmoney

    10:20 (IST)11 Feb 2021
    NPA risks easing for largest PSU banks but shortage of funds could hit credit growth

    Risk of a sharp deterioration in the asset quality of five of the largest PSU banks now seems to be abating with the economic recovery picking up pace, said Moody’s Investors Service in a recent note. However, despite this, the rating agency cautioned that such public sector lenders are likely to remain starved of sufficient capital to absorb unexpected shocks and support credit growth. Banks were expected to see a sharp rise in NPAs last year when the pandemic slowed the Indian economy down but despite the economic slump, the asset quality of banks has seen mild improvement.

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    10:08 (IST)11 Feb 2021
    Buy on dips

    "The distinct trend in the market for the last several months - DII selling & FII buying - continues. The redemptions in mutual funds may be due to the mediocre performance of many funds relative to their benchmarks. Part of the money may be getting shifted to fixed income too. The texture of the market presently is Buy on Dips. Dips are immediately bought into. This is a reflection of the underlying strength of the market. The impressive Q3 corporate results indicate a robust recovery in the economy and corporate sector. High valuations, however, remain a concern," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    10:07 (IST)11 Feb 2021
    RailTel IPO opens Feb 16; check grey market premium, price band, lot size, other details

    State-owned RailTel Corporation of India Ltd’s initial public offering (IPO) will open for subscription next week on February 16 and close on February 18, 2021. The price band of the public issue has been fixed at Rs 93-94 per share of the face value of Rs 10 each. RailTel Corporation of India Ltd public issue is entirely an offer for sale (OFS) of 8.71 crore equity shares by the government; the government could raise up to Rs 819 crore at the higher end of the price band. 

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    09:19 (IST)11 Feb 2021
    Opening Bell

    Sensex opened flat with negative bias but soon slipped further into the red. Nifty 50 has given up 15,100 on the opening bell. 

    09:08 (IST)11 Feb 2021
    Down in red

    Sensex moved 144 points lower as the Nifty 50 settled below 15,100 in the pre-open session. 

    09:04 (IST)11 Feb 2021
    Gains erased

    Nifty slipped below 15,100 and Sensex moved marginally lower as both the benchmark indices gave up their initial gains in the pre-open session.

    09:02 (IST)11 Feb 2021
    Sensex, Nifty trade flat in pre-open

    Sensex was trading flat with a positive bias in the pre-open session on Thursday morning. Nifty was holding above 15,100. 

    08:46 (IST)11 Feb 2021
    SGX Nifty hints at negative start for Sensex, Nifty; 5 things to know before opening bell

    Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to see a gap-down start on Thursday as suggested by trends in SGX Nifty. Headline indices closed little unchanged in the previous session for the second day on the trot. While in the broader market, both midcap and smallcap indices ended with decent gains. Analysts seeing a healthy pause after the budget up move which is more of a time-wise consolidation so far.

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    08:40 (IST)11 Feb 2021
    Buy these two shares for near term gains; Nifty's intermediate uptrend remains intact

    The Nifty has convincingly reversed the recent downtrend by moving up from a trend line support and convincingly closing above the 50 day SMA last Monday on the back of the Budget. With the uptrend intact, the Nifty now comfortably trades above the 20 day SMA. While there could be corrections in the very near term, we expect the index to make new life highs in the coming sessions.

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    08:20 (IST)11 Feb 2021
    Banking stocks could outperform markets in CY2021

    Banking and financial services stocks underperformed the benchmarks in calendar year 2020, with Bank Nifty delivering a negative return of 2.8%, against Nifty’s 14.9%. This could change this year as the banking sector is set to witness a re-rating on account of improving economic outlook and the focus on growth and profitability. Market experts believe that the Nifty Bank could outperform the markets in 2021.

    07:59 (IST)11 Feb 2021
    Book profit intermittently

    "Going ahead, the overall long term structure of the market remains positive given confluence of economic recovery, containment of COVID-19, earnings beat, and an expansionary Budget. However, with markets hitting multiple new highs and valuations largely factoring in an earnings recovery, one should trade cautiously with stock specific actions and book profit intermittently. In the near term, market would actively track key macro data like IIP, CPI and WPI data along with global cues," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

    07:57 (IST)11 Feb 2021
    Major ports get more powers; pvt investors to get a leg-up

    State-run ports in the country, termed ‘major ports’, will get to determine the tariffs for various port-related services as well as the terms for private developers who team up with them, with Parliament on Wednesday passing the Major Ports Authority Bill, 2020.

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    07:55 (IST)11 Feb 2021
    Modi cited the examples of telecom and pharma

    PM Modi cited the examples of telecom and pharma sectors to note as to how the robust presence of private firms in these fields has helped people, with even the poor using smart phones, and mobile calls costing virtually nothing due to competitiveness. If India is able to serve humanity during the COVID-19 pandemic, it is also due to the role of the private sector, he said.

     
    07:55 (IST)11 Feb 2021
    In Lok Sabha, PM Modi says ‘abusing private sector no longer acceptable’

    Prime Minister Narendra Modi on Wednesday stressed on the private sector’s vital role in the economy and asserted that the culture of “abusing” it for votes is no longer acceptable. If the public sector is important, the role of the private sector is also vital, he said during his reply in Lok Sabha to the discussion on the motion of thanks to the President’s address.

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