Stock Market Today: Nifty, Sensex Rebound After One-Day Fall As ICICI Bank, RIL Lead
Your one-stop destination for all live updates on Indian stock markets here on Feb. 13.
KEY HIGHLIGHTS
Yield On The 10-Year Bond Ends Flat
The yield on the 10-year bond closed flat at 7.10% on Tuesday.
Source: Bloomberg
Rupee Closed Flat Against U.S. Dollar
The local currency closed flat at Rs 83.01 against the U.S.
Source: Bloomberg
Nifty, Sensex End Higher As ICICI Bank, RIL Lead: Market Wrap
India's benchmark indices ended higher on Tuesday as ICICI Bank Ltd., Reliance Industries Ltd., while investors await for the U.S. CPI data for January.
Today, the NSE Nifty 50 ended 127.20 points or 0.59% higher at 21,743.25, and the S&P BSE Sensex ended 482.70 points or 0.68% up at 71,555.19.
Intraday, the NSE Nifty 50 declined 0.34% to 21,543.35, and the S&P BSE Sensex fell 0.21% to 70,924.30.
"We have shared earlier too that from here on, there could be a steady rise in volatility with the general elections approaching closer, and hence, one should reduce leverage and regularly keep booking profits at higher levels. Also, one should be selectively placed in Large-caps and reduce exposure in midcaps and smallcaps where the results are not coming in line with the price moves," Sudeep Shah, DVP and Head of Technical and Derivative Research Desk at SBI Securities.
ICICI Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., Coal India Ltd., and Kotak Mahindra Bank Ltd added positively to the Nifty 50 index.
Hindalco Industries Ltd., Grasim Industries Ltd., UltraTech Cements Ltd, Mahindra & Mahindra Ltd., and Titan Company Ltd. limited gains in the Nifty 50 index.
On NSE, 11 sectors out of 12 gained while one declined. The Nifty Financial Services index rose the most, while the Nifty Metal index declined the most among sectoral indices.
Broader markets underperformed with the S&P BSE Midcap rising 0.6%, and Smallcap rose 0.18%.
On BSE, seventeen out of 20 sectoral indices advanced, while three fell. The S&P BSE Commodities fell the most among sectoral indices.
Market breadth was skewed in favour of sellers. Around 1,729 stocks fell, 2,127 stocks rose, and 93 remained unchanged on BSE.
NTPC Declares Commercial Operation Some Of Its Ayodhya Solar PV Project
NTPC Ltd declared commercial ops date of 1st part capacity of 14 MW out of 40 MW Ayodhya Solar PV Project with effect from Jan 27.
Source: Exchange Filing
Power Mech Q3 Results Key Highlights (Consolidated, YoY)
Revenue rose 21.8% to Rs 1,107.5 crore from Rs 909.1 crore
Ebitda rose 30.40% to Rs 133.9 crore from Rs 102.7 crore
Margin rose 79 bps to 12.08% from 11.29%
Net profit rose 22.7% to Rs 62.1 crore from Rs 50.6 crore
