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Share Market Highlights: Sensex ends 383 points lower at 57300, Nifty closes just shy of 17100; M&M top gainer

Share Market News Today | Sensex, Nifty, Share Prices Highlights: BSE Sensex and Nifty 50 closed in red of Tuesday.

Share Market Highlights: Sensex ends 383 points lower at 57300, Nifty closes just shy of 17100; M&M top gainer
India VIX, the volatility index, jumped 19.52 per cent to 27.38 levels

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended in red for the fifth staright session on Tuesday, on the back of geopolitical tensions. BSE Sensex fell 383 points or 0.7 per cent to 57,300, while Nifty 50 index lost 114 points or 0.7 per cent to finish at 17,092. Tata Steel was the top BSE Sensex dragger, down 3.7%, followed by TCS, SBI, Dr Reddy’s Laboratories, ITC, Bharti Airtel, among others. On the flip side, Bajaj Finserv was the top Sensex gainer. M&M, Kotak Mahindra Bank, Housing Development Finance Corporation, Sun Pharma were among the top index leaders. All the nifty sectoral indices ended in the negative territory. Bank Nifty was down nearly 1 per cent in today’s trade.

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

15:46 (IST) 22 Feb 2022
Rakesh Jhunjhunwala-owned stock falls 5% YTD; analysts see 24% rally, say ‘buy’

Crisil, the domestic rating and research arm of analytical giant S&P Global has seen its stock slip 5.7% so far this year, faring worse than the headline indices. However, analysts at Edelweiss have retained their ‘buy’ rating on the scrip while having trimmed the target price. Earlier last week Crisil had announced its quarterly results where the company had reported strong growth in income and profits. Crisil had also announced a dividend. Ace investor Rakesh Jhunjhunwala owns a 5.5% stake in Crisil and has maintained his shareholding over the last few quarters.

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15:15 (IST) 22 Feb 2022
India VIX up 17%

Volatility was skyrocketing on Tuesday morning. The India VIX gauge zoomed 17.1% to sit at 26.8 levels with minutes left before the closing bell.

14:15 (IST) 22 Feb 2022
What’s fueling volatility in markets?

The geopolitical risk of the Ukraine-Russian standoff is adversely impacting the global market, and India is no exception. Both Russian indices and currency, have witnessed the biggest fall since 2008. This dispute alongside the potential threat of rising rates by global central banks to fight inflation, is dampening the sentiment of investors. In the Indian context, investors were concerned about events like state election outcomes & central banks raising interest rates, whereas the third dimension of war has been added to the investor's plate. This is fuelling volatility to unprecedented levels. Aishvarya Dadheech, Fund Manager, Ambit Asset Management

13:31 (IST) 22 Feb 2022
Nifty trying to respect 200-DMA currently placed around 16850

We are in monthly F&O expiry week therefore we could see a surge in volatility whereas March is going to be a very volatile month due to lots of events like geopolitical uncertainty, results of state elections, US Fed meeting, etc. The overall trend is bullish but we may have high volatility over the next month therefore short-term traders should remain light while long-term investors should look at this correction as a buying opportunity. Technically, Nifty is trying to respect its 200-DMA which is currently placed around 16850 while if Nifty starts to trade below 200-DMA then correction may see further extension towards 16000/15500 levels. On the upside, 17300/17500 are important resistance levels; above this, we can expect positive momentum in the market. Parth Nyati, Founder, Tradingo

13:30 (IST) 22 Feb 2022
Nifty trying to respect 200-DMA currently placed around 16850

We are in monthly F&O expiry week therefore we could see a surge in volatility whereas March is going to be a very volatile month due to lots of events like geopolitical uncertainty, results of state elections, US Fed meeting, etc. The overall trend is bullish but we may have high volatility over the next month therefore short-term traders should remain light while long-term investors should look at this correction as a buying opportunity. Technically, Nifty is trying to respect its 200-DMA which is currently placed around 16850 while if Nifty starts to trade below 200-DMA then correction may see further extension towards 16000/15500 levels. On the upside, 17300/17500 are important resistance levels; above this, we can expect positive momentum in the market. Parth Nyati, Founder, Tradingo

12:57 (IST) 22 Feb 2022
TCS, RIL, SBI top Sensex draggers

Stocks of Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL), HDFC Bank, State Bank of India (SBI), and ICICI Bank, among others were top Sensex draggers

12:30 (IST) 22 Feb 2022
52-week highs, 52-week lows: Nykaa, BPCL, SBI Cards, IGL among 166 stocks to hit 52-week low on BSE

Domestic markets continue to battle heightened volatility on Tuesday morning as investors gauged the repercussions of the Russin-Ukraine conflict. S&P BSE Sensex hit an intra-day low of 56,394 before recovering some losses to regain the 57,000 mark. NSE Nifty 50 index hit a low of 16,843 but was now hovering around the 17,000 mark. Both the headline indices were still in the red. Broader markets followed the carnage recorded by Benchmarks while India VIX was up 16.6% to sit above 26 levels. Amid this, 166 shares on the BSE hit a fresh 52-week low value while 188 traded at new lows on the NSE.

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12:01 (IST) 22 Feb 2022
Nifty needs to close above 17000 to bring back some confidence in traders, option writers

Technically, Nifty has witnessed increased volatility however it is trying very hard to protect the previous swing lows of 16800-16825 levels. As long as these levels are held a small relief can be seen. However, the overall texture of the market is likely to remain subdued with volatility continuing to play havoc on traders. A close below 16800 can open roads for 16400 levels for nifty to witness a stability on immediate term it has to close above 17000 levels which will bring back some confidence in traders as well as option writers. Ankur Saraswat, Research analyst at Trustline Securities

12:00 (IST) 22 Feb 2022
Sensex, Nifty may consolidate going ahead

A lot of uncertainties in the financial markets have aided bears to tighten their grip on the market over the last couple of days on account of developments, for instance, Ukraine-Russia possible war, fed reserve policy tightening measures, sky-rocketing inflation, lingering omicron virus, semi-conductor shortage, and supply chain bottlenecks. Therefore, it can be contemplated that the benchmark indices might consolidate going ahead, volatility on the broader front would be hard to handle. Ankur Saraswat, Research analyst at Trustline Securities

11:31 (IST) 22 Feb 2022
Use this market correction to increase equity exposure by investing in quality cos

Volatility in markets because of geopolitical issues linked to Russia and Ukraine should not last long. Chances of a major flare-up look small while sanctions on Russia are expected not to be as strong as the ones against Iran, as no one wants crude prices to stay at elevated levels on the back of already high inflation. Markets below 17000 offer a good risk-reward tradeoff. One should use this correction to gradually increase equity exposure by investing in quality companies.

Naveen Kulkarni, Chief Investment Officer, Axis Securities

11:20 (IST) 22 Feb 2022
Gold Price Today, 22 February 2022: MCX gold hits 13-month high on geopolitical tensions; silver rises too

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading at a 13-month high level on Tuesday, taking cues from international markets as Russia-Ukraine tensions escalated. On Multi Commodity Exchange, gold April futures were trading Rs 361 or 0.7 per cent up at Rs 50439 per 10 gram. Silver March futures were ruling at Rs 64,744, rising Rs 761 or 1.20 per cent from last close. Globally, yellow metal prices hit a near nine month-high after Russia ordered troops into breakaway regions of eastern Ukraine, boosting demand for the safe-haven metal, according to Reuters.

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10:53 (IST) 22 Feb 2022
Do not expect Nifty to break 16800-16780

Structurally, over the past five weeks’ index has retraced 80% of the preceding four weeks' rally (16410-18350). Slower pace of retracement signifies that the broader bullish structure is still intact. Thus,  extended breather should not be construed as negative, instead dips should be capitalised to accumulate quality large caps as we do not expect Nifty to breach key support of 16800-16780.~ Raushan Kumar, Derivative Analyst, IIFL Securities

10:44 (IST) 22 Feb 2022
Nifty to hit 18441 by December, says Prabhudas Lilladher, prefers banks, auto stocks; check top picks

NSE Nifty 50 may soar from the current levels and scale 18,441 points by December, said analysts at Prabhudas Lilladher. This would take the benchmark index closer to its all-time high of 18,604. Domestic markets have been battling volatility amid geopolitical tension and with the rate hike cycle around the corner, but analysts are hopeful that the index will move higher from current levels, banking on India’s growth story. Currently, the Nifty 50 is at 16,843, down nearly 10% from its all-time high of 18,604.

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10:09 (IST) 22 Feb 2022
Traders can book profits on their short positions here

As expected the Nifty has fallen over 300 points post the breaking of the 17200 support level. Traders can book profits on their short positions here as we are at the lower end of the current range which is 16800. If we break that, a new opportunity to go short emerges. On the upside, the resistance is at 17200-17250. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

10:00 (IST) 22 Feb 2022
Bank Nifty resistance at 38050

Failure to ease tensions between Russia & Ukraine & a potential war-like situation has expectedly spooked global equity markets & started a rally in safe-haven Gold. Technically, if Nifty closes below 16810, should lead to 16400 in the very near term. Resistance remains at 17350. Nifty Bank too looks weak and a close below 36350 could lead to 35500. Resistance remains at 38050. AR Ramachandran, Co-founder & Trainer, Tips2Trades

09:46 (IST) 22 Feb 2022
Nifty’s 16810 a crucial level to watch out for

Technically, if we don't break the last week's low of 16,810 we should be fine. On the contrary if this level breaks we may see further sell off in the markets. Make or Break situation for the markets. Lets see how we close today.

Rahul Sharma, JM Financial Services

09:41 (IST) 22 Feb 2022
Use this opportunity to pick up good quality stocks at lower prices

Bank Nifty 200-DMA stood at 36545. In both the case, it is largely expected that the opening lows will stand protected and there are little chances of these levels being violated. On the higher side, the Nifty has resistance at 17200 and Bank Nifty at 37900. I expect the markets to stay in this mentioned range. It would be prudent not to add shorts here as short squeeze may occur. Instead, this opportunity must be used in picking up good quality stocks at lower prices. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services

09:40 (IST) 22 Feb 2022
Nifty 200-DMA stands at 16864

Markets are again down due to negative sentimental affect given the renewed geopolitical conflict between Russia and Ukraine which had an overnight escalations. However, coming back to markets, they are bound to get negatively impacted from the sentimental stand point. However, despite that, the gap down opening has happened exactly at the 200-DMA which stands at 16864. Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services

09:27 (IST) 22 Feb 2022
Midcaps, smallcaps tank

Broader markets fall too. S&P BSE MidCap index tumbled 1.6 per cent or 378 points to 23204, while S&P BSE SmallCap index plunged 2.14 per cent or 581 points to rule at 26556

09:25 (IST) 22 Feb 2022
India VIX jumps nearly 20%

India VIX, the volatility index, jumped 19.52 per cent to 27.38 levels in Tuesday's trade as Russia-Ukraine crisis deepened

09:23 (IST) 22 Feb 2022
All Nifty sectoral indices trade in red

All the Nifty sectoral indices were ruling in the negative territory. Bank Nifty fell nearly 2 per cent or over 600 points, Nifty FMCG index declined 1.4 per cent, while Nifty IT index lost 2 per cent

09:21 (IST) 22 Feb 2022
All 30 S&P BSE Sensex stocks deep in red

All S&P BSE Sensex 30 stocks were deep in red. Dr Reddy's Laboratories tanked 3 per cent, followed by L&T, Tech Mahindra, Housing Development Finance Corporation (HDFC), IndusInd Bank, Tata Consultancy Services (TCS), Asian Paints, Reliance Industries Ltd (RIL), among others

09:18 (IST) 22 Feb 2022
Sensex, Nifty crash on geopolitical tensions

BSE Sensex crashed 1100 points to trade at 56577, while NSE Nifty 50 gave up 16950 level amid geopolitical tensions on Tuesday

09:15 (IST) 22 Feb 2022
MCX gold hits 13-month high on geopolitical tensions

MCX gold prices hit 13-month high level of Rs 50,488 per 10 gram. Globally too, yellow metal prices touched nine-month high as Ukraine crisis deepened

09:13 (IST) 22 Feb 2022
Buying opportunities may emerge in this correction, analyst says

Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. The economic consequences are already visible in higher crude and gold prices. The situation remains fluid; we don't know whether the tensions will escalate or be contained from now on. The biggest macro headwind for India is crude racing to $97. The inflationary consequence of this will force the RBI to abandon its dovish monetary stance. Globally stock markets have turned weak. Buying opportunities may emerge in this correction. But investors need not rush-in to buy. The situation is fluid. FIIs are likely to continue selling. This will continue to depress the prices of some high quality financials. Nibbling in this segment can be considered. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

09:07 (IST) 22 Feb 2022
Sensex crashes 1100 pts, Nifty below 16750 in pre-open

BSE Sensex crashed 1100 points to trade at 56577, while NSE Nifty 50 tanked 466 points to 16740 in pre-opening session on Tuesday

08:56 (IST) 22 Feb 2022
Nifty support at 17200, resistance at 17400

On Technical front, immediate support and resistance levels for Nifty 50 is 17,200 and 17,400 respectively and for Bank Nifty 37,200 and 38,150 level will act as support and resistance. Mohit Nigam, Head – PMS, Hem Securities

08:46 (IST) 22 Feb 2022
Petrol and diesel price today February 22: Fuel rates remain steady; check price in Delhi, Mumbai here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices saw no change on February 22 with oil marketing companies (OMC) keeping prices steady once again. Petrol in the National Capital of Delhi currently retails at Rs 95.41 per litre while diesel in the city is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel cost Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs in November last year. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. 

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08:36 (IST) 22 Feb 2022
Inflation, FIIs selling, upcoming Fed rate hike could add to volatility in near term

Nifty has been trading in a broader range of 16,800-17,400 for the last one month and needs a decisive breakout on either side for a clear direction. We don’t expect the volatility to cool down until the geo-political issues are resolved. Further issues like Inflation, FIIs selling and upcoming Fed rate hike could add to the volatility in the near term. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

08:34 (IST) 22 Feb 2022
Limit positions, keep existing hedged until markets stabilise

Markets are in wait and watch mode in line with global peers and closely monitoring the Russia-Ukraine crisis for cues. Meanwhile, the volatile swings in the index combined with the selling in broader markets are making traders’ life difficult. We thus recommend limiting positions and keeping the existing hedged until the markets stabilise. Ajit Mishra, VP – Research, Religare Broking

08:31 (IST) 22 Feb 2022
PharmEasy parent gets SEBI nod for Rs 6,250-crore IPO

API Holdings, the parent company of online pharmacy start-up PharmEasy, on Monday received the definitive approval from Sebi to raise Rs 6,250 crore through an initial public offering (IPO). API Holdings, which owns an umbrella of brands including PharmEasy, Thyrocare, Docon, Retailio, and Aknamed, had filed draft papers to raise Rs 6,250 crore in fresh equity shares through its proposed IPO in November 2021.

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08:26 (IST) 22 Feb 2022
IDFC First Bank MD Vaidyanathan gifts Rs 4 crore shares to 5 staff to buy houses, and it’s not the first time

IDFC First Bank Managing Director and CEO V Vaidyanathan has gifted 900,000 shares worth a total of about Rs 4 crore to five of his staff to help them purchase a house, a stock exchange filing showed. Vaidyanathan has given these shares from his personal holdings, without any consideration, the filing said. This is not the first time that Vaidyanathan has given shares. He has in the past often gifted his shares to help out people known to him.

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08:23 (IST) 22 Feb 2022
Nifty’s resistance at 17421 mark; expect waterfall of selling below 17057

Mirroring the fall in SGX Nifty, key benchmark indices are seen trading in rough waters amid Russia-Ukraine tensions and the Fed's hawkishness which is still reverberating negative sentiments. Overnight, MOEX Russia Index slumped as much as 14% after Russian President Vladimir Putin said he’s considering an appeal for official recognition from separatists in east Ukraine. Amidst this backdrop, Nifty’s resistance is at 17421 mark and expect waterfall of selling below 17057 mark. Prashanth Tapse, Vice President (Research), Mehta Equities

08:22 (IST) 22 Feb 2022
Nifty support, resistance levels to watch out for

“Nifty finds support around 17000 while 17600 will act as resistance on the upside. Bank Nifty finds support around 37000 while 38350 will act as resistance.”

~IIFL Securities

08:21 (IST) 22 Feb 2022
Stocks in focus on Tuesday, 22 February 2022

ICICI Bank: ICICI Bank on Monday said it has acquired 9.49% stake in Verve Financial Services Pvt Ltd. for nearly Rs 20 crore. Since the acquisition of shareholding is below 10%, regulatory approval is not required and the transaction is expected to close by March-end, the lender said in an exchange filing.

Bharti Airtel: Bharti Airtel on Monday said it has joined the ‘SEA-ME-WE-6’ undersea cable consortium in a bid to scale up its high-speed global network capacity to serve India’s fast-growing digital economy. Airtel said it is participating as a “major investor” in the SEA-ME-WE-6 and is anchoring% of the overall investment in the cable system, which will go live in 2025.

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08:19 (IST) 22 Feb 2022
Nifty charts suggest high volatility, no bottom reversal; 5 things to know before today’s trade

Domestic benchmark indices have started the week on a cautious note and might continue facing some volatility ahead. S&P BSE Sensex currently stands at 57,683 points, falling 0.26% on Monday while NSE Nifty 50 is at 17,206 after sliding 0.40%. Geopolitical tensions between Russia and Ukraine are expected to weigh in on domestic markets today with the SGX Nifty tanking more than 200 points ahead of the day’s trade. Global cues were also in the negative with Wall Street having closed in red yesterday.

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08:19 (IST) 22 Feb 2022
Markets stare at gap-down opening

Early trends on SGX Nifty indicate a gap-down opening for Indian benchmark indices, with a loss of 186 points or 1.08 percent. The Nifty futures were trading around 17,020 level on the Singaporean Exchange.