Stock Market Today: All You Need To Know Going Into Trade On Feb. 16

Share indices in Asia-Pacific region were trading in positive, boosted by overnight gains on Wall Street as U.S. Retail Sales data declined more than expected in January, giving some relief to investors after hotter-than-expected inflation print.

The Nikkei was trading 667.39 points or 1.75% higher at 38,825.33 as of 06:39 a.m. The S&P ASX 200 was trading 32.30 points or 0.42% higher at 7,638.00 as of 6:41 a.m.

With the U.S. CPI, and retail sales data erased from the list of data releases, market participants now await for U.S. Producer Price Index print for January, scheduled for release today. This data going to be crucial for fresh cues on the Federal Reserve's monetary policy going ahead.

The S&P 500 index and Nasdaq Composite rose by 0.58% and 0.30%, respectively, as of Thursday. The Dow Jones Industrial Average ended 0.91% higher.

Brent crude was trading 1.54% higher at $82.86 a barrel. Gold was lower by 0.05% at $2,003.22 an ounce.

India's benchmark equity indices ended higher for the third consecutive day on Thursday, led by gains in HDFC Bank Ltd. and Mahindra & Mahindra Ltd.

Advances in the sectors of the public sector banks, oil and gas, and energy also supported the indices to recoup intraday losses. The NSE Nifty 50 ended 70.70 points, or 0.32%, higher at 21,910.75, while the S&P BSE Sensex gained 227.55 points, or 0.32%, to end at 72,050.38.

Overseas investors remained net sellers of Indian equities for the second consecutive session on Thursday. Foreign portfolio investors offloaded stocks worth Rs 3,064.2 crore, while domestic institutional investors mopped up equities worth Rs 2,276.9 crore, the NSE data showed.

The Indian rupee closed flat at Rs 83.04 against the U.S. dollar.

Epack Durable Q3 FY24 (Consolidated, YoY)

• Revenue up 1.24% at Rs 279.05 crore vs Rs 275.61 crore.

• Ebitda up 454.2% at Rs 23.72 crore vs Rs 4.27 crore.

• Margin up 695 bps at 8.5% vs 1.54%.

• Net profit at Rs 4.89 crore vs loss of Rs 6.24 crore.

• Schaeffler India

• Crisil

• Axis Bank, Max Financial Services: Axis Bank clarified that there is no material impact of the allegations made regarding the Rs 5,100 crore unjust gains in Max Life Insurance share deals.

• UPL: The rating agency Fitch downgraded UPL Corp's long-term issuer default rating to 'BB+', from 'BBB-' on lower global crop protection industry demand and production overcapacity in China.

• Bharat Petroleum Corp: The company commenced a pilot project to gain experience in handling hydrogen for the automobile sector.

• TVS Motors: The company has acquired a 28.57% stake in the Indian Foundation for Quality Management for Rs 2.5 crore.

• Dilip Buildcon: The company, with its joint venture Vijay Kumar Mishra Construction, received a contract worth Rs 412.92 crore from the Water Resources Department, Madhya Pradesh for the construction of the Machhrewa irrigation project dam and pressurised pipe irrigation network on a turnkey basis.

• Medplus Health Services: The company’s unit received a suspension order for its drug licence for its store situated in Andheri, Mumbai.

• B.L. Kashayap and Sons: The company received an order worth Rs 208 crore from Manyata Promoters for the construction of Blocks D1 and D2 at the Embassy Manyata Business Park Campus, Bangalore.

• Entero Healthcare Solutions: The company's shares will debut on the stock exchanges on Friday at an issue price of Rs 1,258 apiece. The Rs 1,600 crore IPO was subscribed 1.53 times on its third and final day. Bids were led by institutional investors (2.28 times), non-institutional investors (0.22 times), and retail investors (1.33 times) and employee reserved (1.25 times).

• Vibhor Steel Tubes: The public issue was subscribed 298.86 times on day 3. The bids were led by non-institutional investors (721.34 times), retail investors (188.17 times), and institutional investors (178.73 times) and reserved for employees (201.48 times).

• Yes Bank: CA Basque Investments sold 39 crore shares (1.35%), while Morgan Stanley Asia PTE bought 30.63 crore shares (1.06%) at Rs 27.1 apiece.

• Vedanta: Finsider International Company sold 6.55 crore shares (1.76%) at Rs 265.14 apiece.

• Sudarshan Chemical Industries: HDFC Mutual Fund bought 17.75 lakh shares (2.56%) at Rs 513.99 apiece while Ajay Balkrishna Rathi sold 14 lakh shares (2.02%) at Rs 514.18 apiece and Nisha Ajay Rathi sold 4 lakh shares (0.57%) at Rs 514 apiece.

• Mangalore Chemical and Fertilizer: Infinity Asset Advisors sold 9.45 lakh shares (0.79%) at Rs 114.72 apiece.

• GHCL: Promoter group Neelabh Dalmia bought 4,000 shares on Feb. 13.

• Usha Martin: Promoter Peterhouse Investments India sold 95,000 shares on Feb. 14.

• Jindal Stainless: Promoter JSL Overseas bought 5.85 lakh shares on Feb. 12 and 13.

• Star Cement: Promoter Prem Kumar Bhajanka bought 1 lakh shares on Feb. 13.

• Medplus Health Services: Promoter Lone Furrow Investments created a pledge of Rs 18.44 lakh shares on Feb. 7 and Agilemed Investments created a pledge of 2.17 lakh shares on Feb. 12.

• Waaree Renewable Technologies: To meet analysts and investors on Feb. 23 and 29.

• Adani Ports and Special Economic Zone: To meet analysts and investors on Feb. 20.

• Capri Global Capital: To meet analysts and investors on Feb. 16.

• Aditya Birla Capital: To meet analysts and investors on Feb. 20.

• Hindustan Unilever: To meet analysts and investors on Feb. 20 to Feb. 23.

• Jindal Steel and Power: To meet analysts and investors on Feb. 22.

• Redington: To meet analysts and investors on Feb. 20 and 21.

• Price band revised from 10% to 5%: Schneider Electric Infrastructure.

• Ex/record date dividend: Banco Products

• Nifty February futures up by 0.45% to 22,005.5 at a premium of 94.75 points.

• Nifty February futures open interest down by 3.1%.

• Nifty Bank February futures up by 0.76% to 46,385.05 at a premium of 166.15 points.

• Nifty Bank February futures open interest down by 9.5%.

• Nifty Options Feb. 22 Expiry: Maximum Call open interest at 22,000 and Maximum Put open interest at 21,000.

• Bank Nifty Options Feb. 21 Expiry: Maximum Call Open Interest at 49,000 and Maximum Put open interest at 44,000.

• Securities in ban period: Aditya Birla Fashion, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, Delta Corp, Hindustan Copper, India Cement, Indus Tower, Sail, Zee Entertainment Enterprise.

The Indian rupee closed flat at Rs 83.04 against the U.S.