Domestic benchmark traded near a flat-line trend throughout the session, but some buoyancy emerged by the end of the day. Investors adopted a cautious wait & watch approach on the verge of a heavy economic data week. India Q3 GDP has a moderate outlook on a QoQ basis. Fed’s preferred gauge; the US personal consumption expenditure (PCE) price index is due to provide a clue on the future interest rate cut path and China’s PMI index is scheduled to be released Friday.
– Vinod Nair, Head of Research, Geojit Financial Services
03:44:44 PM IST, 29 February 2024
Rupee settles flat at 82.91 (provisional) against US dollar.
03:35:19 PM IST, 29 February 2024
Top gainers & losers in closing trade
03:34:06 PM IST, 29 February 2024
Closing Bell: Sensex ends volatile trade 195 points higher; Nifty above 22,000 on Feb F&O expiry
03:30:04 PM IST, 29 February 2024
Stock Market LIVE Updates | London stocks inch up on earnings bump
UK shares edged higher on Thursday, buoyed by a slew of positive earnings reports, while investor caution ahead of a key U.S. inflation print capped further gains. The benchmark FTSE 100 index was up 0.2%, as of 0922 GMT, while the mid-cap FTSE 250 rose 0.3%.
03:01:15 PM IST, 29 February 2024
IREDA to issue over 10-year bonds: Report
Indian Renewable Energy Development Agency (IREDA) plans to raise up to Rs 1500 crore ($180.94 million), including a greenshoe of Rs 1000 crore, through bonds maturing in 10 years and two months, three bankers said on Thursday. The company has invited bids from investors and bankers for the same on Monday, they said.
02:39:25 PM IST, 29 February 2024
Stock Market LIVE Updates | 0.4% equity block deal in Biocon
02:32:51 PM IST, 29 February 2024
JG Chemicals’ Rs 251-crore IPO to open on March 5
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO).The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said.
02:31:12 PM IST, 29 February 2024
Stock Market LIVE Updates | Jaiprakash Associates has 5.8% equity traded in 36 bunches; stock drops 5%
02:22:23 PM IST, 29 February 2024
Stock Market LIVE Updates | Block deal in Piramal Ent: 0.9% equity traded
02:19:02 PM IST, 29 February 2024
Stock Market LIVE Updates: Block deal in Dish TV – 1.6% equity traded in 2 bunches
02:16:04 PM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: IndiGo announced new domestic routes to tap into the summer travel demand. The latest routes will be functional from March 31, 2024. The airline will be operating direct flights between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, Indore-Varanasi. The airline has also announced direct flights between Kolkata-Srinagar and Kolkata-Jammu from April 10, 2024 and April 21, 2024, respectively.
02:04:07 PM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Top gainers from PSU banking space
02:09:10 PM IST, 29 February 2024
Mukka Proteins IPO sails through on Day 1 on robust retail bidding
01:25:56 PM IST, 29 February 2024
Gold prices steady as traders eye key US inflation report
Spot gold was steady at $2,036.42 per ounce, as of 0701 GMT. U.S. gold futures edged 0.1% higher to $2,045.00.
01:14:39 PM IST, 29 February 2024
Top gainers & losers at this hour
01:13:53 PM IST, 29 February 2024
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12:37:19 PM IST, 29 February 2024
Asian stocks firm before US inflation test; yen gains
The yen gained as a Bank of Japan (BOJ) official hinted at the need to exit ultra-easy monetary stimulus.
12:31:45 PM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Bitcoin up 5.1% at $63,638; Ether up 5.1% at $3,492.1
12:29:30 PM IST, 29 February 2024
Japan’s Nikkei ends lower
The benchmark Nikkei 225 index was down 0.11 percent, or 41.84 points, to end at 39,166.19, while the broader Topix index edged up 0.03 percent, or 0.78 points, to 2,675.73.
12:30:38 PM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Japan’s SoftBank cuts stake in India’s Paytm
SoftBank Group Corp has sold a stake of 2.17% in beleaguered Indian payments firm Paytm, an exchange filing showed on Thursday.
12:00:53 PM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Swan Energy Limited successfully raised Rs 3,000 crore through a Qualified Institutions Placement (QIP). The QIP was priced at Rs 670 per share, inclusive of a premium of Rs 669 per share.
11:34:20 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: NBCC(India) enters pact with IFCI for Rs 150 crore project
11:18:21 AM IST, 29 February 2024
Bitcoin trades above $62,000 level for the first time since November 2021; Dogecoin, Solana jump up to 32%
Bitcoin was last up 8.5% at $62,135, its highest since November 2021, while Ethereum rose 5.35% to $3,436, having hit another two-year high. Meanwhile, the global cryptocurrency market cap surged 8.9% to nearly $2.3 trillion in the last 24 hours.
11:03:59 AM IST, 29 February 2024
Crypto market update: Soaring bitcoin set for biggest monthly jump since 2020
The largest cryptocurrency by market capitalisation was steady in Asia morning trade at $61,100, having changed hands at as high as $63,933 overnight. Its monthly gain is more than 44%, the largest since December 2020.
10:42:13 AM IST, 29 February 2024
FDI inflows decline 13 pc to USD 32 billion in Apr-Dec 2023
Inflows during the October-December quarter of the current fiscal, however, rose by 18 per cent to USD 11.6 billion as against USD 9.83 billion during the same quarter of 2022-23.
10:41:29 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Top 5 losers from the media pack
10:21:16 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex sees sharp decline from day’s high
10:20:32 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Suzlon Energy secures 30 MW order for 3 MW series from EDF Renewables; stock down 3%
10:15:15 AM IST, 29 February 2024
Oil slips further on US demand, interest rate fears
Brent crude futures fell 14 cents, or 0.2%, to $83.54 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures were down 4 cents, or 0.1%, to $78.50 a barrel.
09:57:42 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates | GPT Healthcare shares set to list at 16% premium
BSE – Rs 216 (Up Rs 30 or 16.2%)
NSE – Rs 215 (Up Rs 29 or 15.6%)
09:50:28 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Mahindra Logistics expands fulfilment operations in West Bengal
09:42:35 AM IST, 29 February 2024
Stock Market LIVE Updates | BROKERAGE TAKE: UBS on Zomato: Buy| Target Rs 195
The company reported a strong Q3 despite a modest food delivery slowdown and quick commerce shines. Blinkit surprised both on GMV and margins.
09:35:54 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: PB Fintech’s unit received registration certificate from insurance regulator to act as composite insurance broker.
09:35:45 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: UPL, Shriram Finance in focus as National Stock Exchange decided to replace UPL with Shriram Finance in its Nifty 50 index, effective on March 28.
09:30:50 AM IST, 29 February 2024
Morning view on the market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
A significant development is the communication from SEBI to AMFI suggesting that mutual funds set up a framework for protecting investors in mid and small cap funds. Sustained flows of retail money into these funds have made their valuations excessive and difficult to sustain. More mid and small cap funds are likely to impose restrictions on lump sum investments into the mid and small cap schemes. This will benefit the large caps which are relatively fairly valued now. The correction in the broader market is likely to continue.
09:24:25 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Reliance Industries on Wednesday signed a binding agreement with Disney to form a joint venture that will combine businesses of Viacom 18 and Star India.
09:20:13 AM IST, 29 February 2024
Rupee rises 3 paise to 82.88 against US dollar in early trade.
09:19:42 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: BHEL, NHPC among most active stocks in morning trade
09:18:53 AM IST, 29 February 2024
Opening Bell: Sensex flat, Nifty below 21,950; Shriram Finance jumps 3%, Inox Wind drops 4%
09:09:21 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex down 80 points; Nifty below 21,930
08:55:44 AM IST, 29 February 2024
Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities
In yesterday’s tumultuous session on Dalal Street, Nifty took a significant hit, closing well below the crucial 22000 mark, while small-cap and mid-cap indices experienced a 2% decline following SEBI’s guidance to safeguard investor interests. The looming release of the January PCE index adds anxiety, as it could shape the narrative around potential Federal Reserve interest rate cuts. Until the inflation challenge is addressed, volatility is expected to persist. Technicals indicate a negative bias for Nifty and Bank Nifty, with today’s trading session anticipated to be marked by volatility due to the monthly expiry of February F&O contracts. Attention is also on India’s GDP figures for Q4 2023 and the upcoming auto sales data for February. The recommended trades involve selling on Nifty and Bank Nifty, while value buying and bargain hunting are expected themes. TATA MOTORS and INFY are viewed bullishly from an inter-month perspective, with TATA MOTORS identified as a top pick for immediate purchase, emphasizing a momentum play strategy.
08:43:41 AM IST, 29 February 2024
IPO Preview | Stoxbox on Mukka Proteins IPO
Mukka Proteins holds a dominant position in the fish protein industry in India. It offers a wide range of fish protein products, including fish meal, fish oil, and fish soluble paste, catering to various sectors such as aqua feed, poultry feed, pet food, pharmaceuticals, soap manufacturing, leather tanneries, and paint industries. The company also established a strong customer base and enduring relationships with major aqua feed, poultry feed, and pet food producers. The company facilities, being strategically located, provide access to key raw materials, pelagic fishes such as sardine, mackerel, anchovy, etc., thus minimizing dependency on one particular coastal landing site and fish catchments. As a manufacturer of fish protein products, these must be pre-approved by customers, as customers’ end products contribute indirectly to human consumption and are typically subject to stringent regulatory and industry standards. The company also has a record of sustained consolidated revenue from operations, growing at a CAGR of 39.3% during FY21-23. We believe that high entry barriers, consistent financial performance, and innovative products have helped the company to grow its business successfully. As we advance, Mukka Proteins Ltd. presents a persuasive investment opportunity in the fish protein industry, given its strong market position, diversified product portfolio, and global presence. The issue is valued at a P/E of 9.3x on the upper price band based on FY24 earnings, which is fairly valued. We, therefore, recommend an SUBSCRIBE rating for the issue.
08:10:28 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Gold prices steady as traders brace for US inflation data
Gold prices held ground on Thursday as traders awaited the Federal Reserve’s preferred inflation gauge due later in the day that could provide a fresh perspective into when the U.S. central bank could start cutting interest rates.
07:50:15 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Oil prices ease, US crude stock build fuels demand fears
Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure.
07:49:54 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Dollar waits on US inflation reading, bitcoin tops $60,000
The U.S. dollar was firm and the yen was headed for a monthly loss in the lead up to U.S. inflation data that could ruffle the interest rate outlook, while bitcoin surged above $60,000.
07:50:39 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 78.50 points, or 0.36 per cent, at 21,964, signaling that Dalal Street was headed for positive start on Thursday.
07:50:45 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty ends near 20-DEMA
Ahead of the February series expiry, Nifty ended 247 points lower below the 22,000-level and around its 20-DEMA. Observing the daily chart, the index has been navigating within a rising channel.
07:50:58 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 2 paise to settle at 82.91 against US dollar
The rupee declined by 2 paise to settle at 82.91 against the US dollar on Wednesday due to foreign fund outflows and increased month-end demand for the American currency.
07:50:50 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower
Tokyo stocks opened lower on Thursday, tracking falls on Wall Street ahead of the release of key US inflation data.The benchmark Nikkei 225 index was down 0.70 percent, or 275.08 points, at 38,932.95 in early trade, while the broader Topix index slipped 0.29 percent, or 7.68 points, to 2,667.27.
07:51:10 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Wall Street slips with inflation data on deck
U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve.
07:51:04 AM IST, 29 February 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
Just ahead of the monthly derivative expiry, Nifty gave up its hold over the 22,000 level while Sensex ended the day 790 points or 1% weaker.
