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Stock Market Today: Sensex, Nifty Fall For The Second Day; FPIs Stay Net Sellers

Stock Market Today: Sensex, Nifty Fall For The Second Day; FPIs Stay Net Sellers
A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai. Photographer: Dhiraj Singh/Bloomberg
2 years ago
The S&P BSE Sensex closed down 140 points, or 0.21%, at 65,655.15 while the NSE Nifty 50 was 38 points or 0.19% lower at 19,694.00.

  • Nifty Realty pare gains, down 0.24% post hitting intraday high of 1.16%

  • Nifty Metal pare gains, down 0.3% post hitting intraday high of 0.7%

  • Dish TV pared gain of 3.8% to trade 2.8% in the red

  • Ircon International pared gain of 2.9% to trade 2.4% in the red

  • Nifty Midcap 150 down 0.1%, slips in the red post hitting fresh record high at 15,654

  • 10.2 lakh shares changed hands in a large trade

  • 0.04% equity changed hands at Rs 171.95 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 15.2 lakh shares changed hands in a large trade

  • 0.03% equity changed hands at Rs 59.50 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Goldman Sachs expects Nifty 50 to reach 21800 points by 2024-end

  • Releases 2024 equity outlook report

  • Growth in corporate profits to be broad-based

  • Expects corporate profit to grow 14% in 2025

  • Expects corporate profit to grow 15% in 2024

  • Source: Cogencis

The broader markets outperformed; the S&P BSE MidCap Index was up 0.12%, whereas S&P BSE SmallCap Index was 0.34% higher.

Thirteen out of 20 sectors compiled by BSE declined, while seven sectors advanced. S&P BSE Healthcare rose the most. S&P BSE Auto fell the most, whereas S&P BSE Realty pares gains to trade flat.

The market breadth was skewed in the favour of the buyers. About 1,922 stocks rose, 1,726 declined, while 193 remained unchanged on the BSE.

  • Tata Investment Corp at 13.35x of its 30 day avg

  • Olectra Greentech at 3.88x of it’s 30 day average

  • Optiemus Infracom at 3.7x of it’s 30 day average

  • Moil at 3.92x of it’s 30 day average

  • Nifty IT up 0.67% led by HCL tech, LTTS, LTI Mindtree

  • Nifty Realty up 0.54% led by Oberoi Realty, Prestige Estates projects

  • Nifty PSU Bank up 0.61% led by Punjab National Bank, Canara Bank, Union Bank of India

  • Nifty PSE up 0.56% led by SAIL, NHPC, Power Fincorp

  • Nifty Auto down 0.43% led by Balkrishna Industries, Mahindra &Mahindra, Ashok Leyland

  • L&T Energy Hydrocarbon gets 'mega' order in middle east.

  • Alert: Company classifies orders worth Rs 10,000-15,000 crore as 'mega'.

  • Source: Exchange Filing

The scrip was locked in 5% upper-circuit at Rs 1,312.55 apiece, the highest level since its listing in Jan. 26, 2018. NSE Nifty 50 was 0.05% lower, as of 9:53 a.m.

It has risen 264% on a year-to-date basis. The total traded volume so far in the day stood at 0.5 time its 30-day average. The relative strength index was at 73, implying that the stock maybe overbought.

Five out of the six analysts tracking the company maintain a 'buy' rating, one recommends a 'hold' and none suggest to 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 4.3%.

The broader markets outperformed; the S&P BSE MidCap Index was up 0.32%, whereas S&P BSE SmallCap Index was 0.51% higher.

Fourteen out of 20 sectors compiled by BSE advanced, while six sectors declined. S&P BSE Realty and S&P BSE Healthcare rose the most.

The market breadth was skewed in the favour of the buyers. About 1,913 stocks rose, 878 declined, while 153 remained unchanged on the BSE.

  • At pre-open, the S&P BSE Sensex was down 5 points, or 0.01%, at 65,789.56 while the NSE Nifty 50 was 0.65 point or 0% lower at 19,731.15.

  • Source: Bloomberg

  • The yield on the 10-year bond opened flat at 7.23% on Monday.

  • Source: Bloomberg

  • The local currency opened flat at 83.27 against the U.S dollar on Monday.

  • Source: Bloomberg

  • Orders includes export orders of nearly Rs 415 crore.

  • Orders includes multiple EV orders for nearly Rs 270 cr from leading OEMs.

  • Source: Exchange Filing

DreamFolks

  • To provide technology as a service to partners of three airports in Malaysia.

Source: Exchange Filing

FTSE December Rejig

  • Nine IPO stocks added to Total Cap Index

  • Seven stocks added to Micro-Cap Index

  • Two stocks added to All-Cap Index

  • Mankind Pharma added to All-World, Large-Cap, Total Cap, All-Cap Indices

  • Nexus Select Trust added to All-Cap, Small-Cap, Total Cap Indices

  • No Indian stock excluded from any index

Source: FTSE release

  • Cipla Ltd. gets warning letter U.S .FDA for routine cGMP inspection at Pithampur facility from Feb 6-17.

  • Source: Exchange Filing

  • Includes Mankind Pharma to large cap category.

  • Includes Nexus Select Trust to small cap category.

  • Micro Cap Inclusions: Avalon Technologies, BEML Land Assets, GHCL Textiles.

  • Micro Cap Inclusions: HMA Agro Industries, Ideaforge Technology, IKIO Lighting, Netweb Technologies India.

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