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03:45:05 PM IST, 29 February 2024

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

The initial public offer (IPO) of Mukka Proteins received a healthy response from investors on the first day of bidding with the issue getting past full subscription just within hours of opening. The demand was driven by retail investors, whose category was fully booked and the NII portion followed closely at 61%.

01:25:56 PM IST, 29 February 2024

Gold prices steady as traders eye key US inflation report

Gold prices were steady on Thursday, as traders held back from taking fresh positions ahead of key U.S. inflation data due later in the day, which could provide more clues into the Federal Reserve’s interest rate trajectory.

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

12:37:19 PM IST, 29 February 2024

Asian stocks firm before US inflation test; yen gains

Chinese equities and most other regional stock markets climbed on Thursday, while the dollar held its ground against European rivals ahead of crucial U.S. inflation data that could provide fresh clues on when the Federal Reserve will cut interest rates.

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

Japan’s key Nikkei index ended lower on Thursday, tracking falls on Wall Street ahead of the release of key US inflation data.

The benchmark Nikkei 225 index was down 0.11 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, the world’s largest cryptocurrency, rallied for a sixth consecutive day on Thursday to over $62,000 for the first time since November 2021, buoyed by flows into new US spot bitcoin exchange traded funds and ahead of bitcoin halving that is approaching in April.

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

Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as cash rushing to listed bitcoin funds propels a sweeping rally.

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

Foreign direct investment (FDI) inflows in India declined 13 per cent to USD 32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data. FDI inflows stood at USD 36.74 billion during the corresponding nine months of the preceding fiscal.

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

Oil prices on Thursday extended declines from the previous session 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 added to pressure.

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

UBS maintained a buy rating on Zomato but raised the target price to Rs 195 from Rs 150 earlier.

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

The market has suddenly turned unpredictable amidst high volatility. Resistance has become strong at Nifty 22200 level. The cut in Nifty by more than 1% yesterday despite the FII selling getting neutralised by DII buying is significant. This is due to rebalancing of the positions a day ahead of the monthly expiry. The volatility will continue today, too, being the last day of the monthly expiry. Investors may wait for the volatility to subside.

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.



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