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Business News/ Markets / Live Blog/  Sensex Today | Market Highlights: Sensex ends up 160pts, Nifty at 21,800; Broader markets, Metal, O&G losers
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Sensex Today | Market Highlights: Sensex ends up 160pts, Nifty at 21,800; Broader markets, Metal, O&G losers

1 min read . Updated: 09 Feb 2024, 03:34 PM IST
Pranay Prakash

Sensex Today | Market Highlights: Foreign institutional investors (FIIs) net sold shares worth ₹4,933.78 crore, while domestic institutional investors (DIIs) purchased ₹5,512.32 crore worth of stocks on February 8, provisional data from the NSE showed.

Sensex Today | Market Highlights: Companies reporting December quarter results on February 9 include Hero MotoCorp, Tata Power Company, Honasa Consumer (Mamaearth), Zydus Lifesciences, Alkem Laboratories, Bandhan Bank, Campus Activewear, Cello World, DOMS Industries, Emami, Finolex Cables, Indian Railway Finance Corporation, MRF, The New India Assurance Company, Pfizer, PI Industries, Shree Renuka Sugars and Sundaram-Clayton. Photo: ReutersPremium
Sensex Today | Market Highlights: Companies reporting December quarter results on February 9 include Hero MotoCorp, Tata Power Company, Honasa Consumer (Mamaearth), Zydus Lifesciences, Alkem Laboratories, Bandhan Bank, Campus Activewear, Cello World, DOMS Industries, Emami, Finolex Cables, Indian Railway Finance Corporation, MRF, The New India Assurance Company, Pfizer, PI Industries, Shree Renuka Sugars and Sundaram-Clayton. Photo: Reuters

Sensex Today | Market Highlights: A small-caps crash. Dizzying rebounds. And cooling gains. Yet another wild week for Chinese stocks has left investors yearning for more policy support as they remain unconvinced the market has reached a bottom.

Beijing’s intensified efforts to halt the equity rout helped the benchmark CSI 300 Index stage a sharp rebound but its gains slowed before the market shut for the Lunar New Year break. A slide in Hong Kong-listed Chinese shares on Friday further signaled that skepticism is still running high, dampening the holiday spirit.

Investors are bracing for more losses once the onshore market reopens on Feb. 19 unless authorities offer reassurance that further support will ensue. The rescue steps taken so far — from state fund purchases to restrictions on short selling — have been more of band-aid measures than fundamental fixes to economic woes, traders say.

The moves have worked, to some extent. The CSI 300 capped its best week since late 2022, thanks largely to a 3.5% surge on Tuesday. Small-cap equities — which have led the selloff in the new year — bounced back more strongly, with the CSI 1000 Index advancing 9% in its biggest weekly jump since 2020. Overall, the Chinese market added more than $450 billion in value.

Europe's main stock markets were mixed at the start of trading Friday, as traders digested more annual earnings from leading companies and looked ahead to US inflation data.

London's benchmark FTSE 100 index gained 0.1 percent to 7,599.43 points.

In the eurozone, the Paris CAC 40 fell 0.2 percent to 7,651.01 points and Frankfurt's DAX index grew 0.1 percent to 16,976.15.

09 Feb 2024, 09:18:09 AM IST

Sensex Today Highlights : Sensex, Nifty open in the red; Major sector indices down over 1%

Indian benchmark indices continued their downward spiral on Friday, following Thursday's dismal performance after the RBI decided to hold rates steady at 6.6%. The Sensex had crashed 723.57 points, or 1% down, at 71,428.43 and Nifty was down 212.55 points, or 0.97%, at 21,717.95.

On Friday, Sensex opened down 95.91 points, or 0.13%, at 71,332.52 and Nifty was down 14.05 points, or 0.06%, at 21,703.90 at opening bell.

09 Feb 2024, 09:02:45 AM IST

Sensex Today Live: Sensex up 450 pts, Nifty at 22,000 in pre-open

Indian benchmark indices opened in the green on Friday, following Thursday's dismal performance after the RBI decided to hold rates steady at 6.6%. The Sensex had crashed 723.57 points, or 1% down, at 71,428.43 and Nifty was down 212.55 points, or 0.97%, at 21,717.95.

On Friday, Sensex was up 450.87 points, or 0.63%, at 71,879.30 and Nifty was up 92.45 points, or 0.43%, at 21,810.49 during pre-open.

09 Feb 2024, 08:53:29 AM IST

Sensex Today Live : Reliance Securities gives technical outlook on Bank Nifty

BANK NIFTY continued its corrective action leading the fall and then witnessing to other broader markets to decline by 2% for the day.

The breakdown below the 200 day average at 44,500 levels would push the index further lower and witness the next round of sell off.

We believe if its breaks the 200 day average then PSU banks would start declining from current levels which is being an outperformer till date.

Bank Nifty highest call OI and put OI is at 45,500 levels while on the downside put OI will move lower to 44,500 levels.

09 Feb 2024, 08:45:23 AM IST

Sensex Today Live : Reliance Securities gives technical outlook on Nifty-50

NIFTY-50 has witnessed volatility and corrective action post the policy to close near the low point of the week and 20-day average.

The sustenance below 21,700 would push the index lower to 21,400 levels and will confirm a double top is in place near 22,100 levels.

RSI has placed below the average line and other key technical indicators are in mixed trend from current levels.

Highest call OI is at with 22,000 strike while on the downside the highest put OI has moved lower to 21,500 for the weekly expiry.

09 Feb 2024, 08:36:03 AM IST

Sensex Today Live : S&P 500 finished just shy of 5,000 after latest push

The S&P 500 flirted with a landmark new peak Thursday but finished just shy of 5,000 points following another round of solid earnings.

Shares of Disney rocketed up 11.5 percent as the entertainment giant reported better-than-expected profits, disclosed it is buying a stake in Fortnite maker Epic Games and announced a dividend hike and new share repurchase program.

The S&P 500 edged a bit above 5,000 in the final moments of trading, reaching 5,000.40, before retreating.

The broad-based index ended at 4,997.91, up 0.1 percent.

The Dow Jones Industrial Average also edged up 0.1 percent to 38,726.33, while the tech-rich Nasdaq Composite Index advanced 0.2 percent to 15,793.72.

09 Feb 2024, 08:33:10 AM IST

Sensex Today Live : Japan’s Nikkei hits 34-year high, breaches 37,000 level for the first time since 1990

Japanese shares rallied on Friday with Tokyo’s benchmark Nikkei index breaching the 37,000 mark for the first time in 34 years, supported by overnight gains on Wall Street.

The Nikkei 225 index rose 0.44%, or 163.99 points, to 37,027.27, while the broader Topix index eased 0.08%, or 1.99 points, to 2,560.64.

Among Japanese stocks, SoftBank Group share price jumped 10.73% to 8,139 yen after the company returned to the black in the October-December period following four consecutive quarterly losses. (Read the full story here.)

09 Feb 2024, 08:31:29 AM IST

Sensex Today Live: Dividend stocks - Sun Pharma, P&G Hygiene, BEL, RITES, among 18 shares to trade ex-dividend today

Shares of Sun Pharmaceutical Industries Ltd, Procter & Gamble Hygiene & Health Care Ltd, Bharat Electronics Ltd, RITES Ltd, Jubilant Ingrevia Ltd, KPIT Technologies Ltd, MOIL Ltd, GPT Infraprojects Ltd, Advani Hotels & Resorts (India) Ltd, Aptus Value Housing Finance India Ltd, Dolat Algotech Ltd, Greenpanel Industries Ltd, IB Infotech Enterprises Ltd, PH Capital Ltd, QGO Finance Ltd, Shanthi Gears Ltd, Transport Corporation Of India Ltd, and Triveni Engineering & Industries Ltd will be in focus when the stock market opens on February 09 (Friday).

The board of directors of these companies have declared interim dividend and special dividend for their eligible shareholders. (Read the full story here.)

09 Feb 2024, 08:27:22 AM IST

Sensex Today Live: Buy or sell: Vaishali Parekh recommends these stocks to buy on February 9

After the RBI's announcement to keep the repo rate unchanged at 6.5 percent, banking stocks witnessed a heavy selloff that dragged the key benchmark indices of the Indian stock market. The Nifty 50 index lost 212 points and closed at 21,717 level, the BSE Sensex crashed 723 points and ended at 71,428 mark whereas the Bank Nifty index nosedived 806 points and ended at 45,012 level.

Cash market volumes on the NSE rose to ₹1.47 lakh crore. The mid-cap index ended marginally positive even as the advance-decline ratio fell to 0.60:1. (Read the full story here.)

09 Feb 2024, 08:19:27 AM IST

Sensex Today Live: Stocks to Watch Today

LIC, Zomato, Grasim, Apollo Hospitals, RVNL, Ircon, are some of the stocks likely to be in focus on Thursday, February 9.

09 Feb 2024, 08:10:44 AM IST

Sensex Today Live: What to expect from Indian stock market in trade on February 9

The Indian stock market indices, Sensex and Nifty 50, are expected to open on a negative note on Friday amid mixed global cues.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,759 level as compared to the Nifty futures’ previous close of 21,829.

The domestic equity indices witnessed a sharp decline on February 8 after the Reserve Bank of India’s (RBI) expected decision to maintain its key policy rates unchanged. (Read the full story here.)

09 Feb 2024, 08:00:42 AM IST

Sensex Today Live: 7 key things that changed for market overnight - Gift Nifty, US jobless claims to oil price rally

The domestic equity market is expected to open lower on Friday tracking subdued global market cues amid cautiousness.

While most Asian markets were closed for holiday, US stocks ended little higher overnight as investors reacted to corporate earnings.

On Thursday, the Indian stock market indices ended a percent lower each, weighed down by rate-sensitive sectors, following the Reserve Bank of India’s (RBI) expected decision to maintain its key policy rates unchanged for a sixth consecutive meeting. (Read the full story here.)

09 Feb 2024, 07:55:13 AM IST

Sensex Today Live : Asian shares struggle; Gift Nifty in the red indicating a slow start for Indian benchmarks

Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas.

Trade was lightened in Asia by the closure of Chinese markets for the Lunar New Year break and by a shortened session in Hong Kong.

The Hang Seng, however, slumped 2% in the morning, with traders frustrated by a long and so far fruitless wait for Beijing to unleash stimulus or support for China's sliding markets.

The Nikkei rose 1%, aided by a retreating yen that traded near its weakest in two months at 149.37 per dollar in the Asia morning.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat and heading toward a 0.7% weekly rise to notch its longest weekly winning streak since June. The S&P 500 touched the 5,000 mark and notched a record close on Thursday.

Brent crude futures jumped 3% on Thursday and are up more than 5.5% on the week on concerns that prolonged conflict in the Middle East is disrupting shipping and risks bringing the U.S. and Iran into a direct confrontation.

In bond markets this week, U.S. yields have risen in the wake of a strong jobs report and a chorus of central bank comments pointing to reticence on rate cuts.

Two-year yields are up about eight basis points (bps) this week to 4.45%. Ten-year yields seem to have settled above 4% and were steady at 4.14% on Friday, up 11 bps this week.

Currency markets have followed the bond market's lead with higher yields a support for the U.S. dollar. The dollar index is set to log a sixth week without loss in a row.

The euro was steady at $1.0777. The yen, down about 0.6% on the week, has been an underperformer after markets latched on to comments from Bank of Japan (BOJ) Deputy Governor Shinichi Uchida saying rapid rate hikes were unlikely.

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