Sensex and Nifty close with minor cuts (File Image)Stock Market Today Live Updates: Indian benchmark indices opened Wednesday’s session higher with minor gains. Sensex opened day’s trade 17.29 points, 0.02 per cent up at 73,112.50 while Nifty inched 4.70 points or 0.02 per cent higher at 22,203.00.
However, both Sensex and Nifty soon eroded their gains to trade in red. The benchmark indices continued their dip as the time progresses.
International crude oil prices are up on sustained geopolitical tension as uncertainty looms on the prospect of an Israel-Hamas ceasefire. Additionally, some analysts are expecting OPEC+ to extend its oil cut. Brent crude price is trading 0.37 points, or 0.44 per cent higher at 83.28 while WTI crude oil futures are trading 0.31 points, or 0.39 per cent at 78.56.
Asian shares remained lower on Wednesday as New Zealand’s central bank kept interest rates steady at 5.50 per cent. Japan’s Nikkei is trading 0.03 per cent lower at 39,226.72 while South Korea’s Kospi traded 1.04 per cent higher at 2,652.72.
Stock Market Live Updates: Rupee falls 4 paise against US dollar
Share Market Live Updates: Rupee closed Wednesday’s trade by falling 4 paise to close at 82.93/$.
Stock Market Live Updates: Sensex, Nifty close 1% in red
Share Market Live Updates: After opening on a higher note, Indian benchmark indices closed 1 per cent lower.
Sensex closed 790.34 points, or 1.08 per cent at 72,304.88 while Nifty ended day’s trade 247.20 points, or 1.11 per cent at 21,951.15.
Stock Market Live Updates: Nifty PSU Bank trades over 2% lower
Share Market Live Updates: Nifty PSU Bank is trading 166.05 points, or 2.37 per cent in red at 6,837.40.
Top losers:
> Canara Bank, down 3.88 per cent at 549.70
> Central Bank, down 3.56 per cent at 61.00
> Union Bank, down 3.49 per cent at 141.00
> Bank of Maharashtra, down 3.26 per cent at 57.95
> Bank of Baroda, down 3.22 per cent at 261.65
Stock Market Live Updates: Shriram Finance tanks 1% ahead of shareholders meet
Share Market Live Updates: Shriram Finance continues its downward trend on Wednesday as well after tanking 7% on February 27. The company will call its shareholders meeting on February 29.
Shares of Shriram Finance are trading 17.05 points, or 0.72 per cent lower at 2,351.60 apiece at 3:15 pm.
Stock Market Live Updates: Expect crude to trade higher towards 6600 levels, says expert
Share Market Live Updates: “We expect crude to trade higher towards 6600 levels, a break of which could prompt the price to move higher towards 6670 levels,” Saish Sandeep Sawant Dessai, Analyst, base metals, Angel One Ltd.
Stock Market Live Updates: Expect gold to trade lower towards 62000 levels, says expert
Share Market Live Updates: Gold prices remained stable as investors anticipated the release of crucial economic data in the upcoming week.
The focus is on key inflation indicators and comments from Federal Reserve officials, while the core personal consumption expenditures price index, a key inflation measure for the Fed, is set for release on Thursday.
Meanwhile, official data reveals that China, a leading consumer of gold, experienced the highest net gold imports via Hong Kong in January since mid-2018.
“We expect gold to trade lower towards 62000 levels, a break of which could prompt the price to move lower towards 61830 levels,” says Saish Sandeep Sawant Dessai, Analyst, base metals, Angel One Ltd.
Stock Market Live Updates: Nifty Commodities down 1.5%
Share Market Live Updates: Nifty commodities tanked 138.35 points, or 1.67 per cent at 8,125.50.
Top losers:
> Hindpetro, down 4.37% at 506.70
> Torrent Power, down 3.65% at 1,109.15
> ACC, down 3.36% at 2,579.70
> Adani Green Energy, down 2.85% at 1,923.10
> IOC, down 2.83% at 168.35
Stock Market Live Updates: Nifty Bank tanks 480 points
Share Market Live Updates: Nifty Bank is trading 483.45 points, or 1.04 per cent lower at 46,104.60.
Stock Market Live Updates: Bajaj Healthcare enters into CDMO agreement
Share Market Live Updates: Bajaj Healthcare has entered into CDMO agreement for 15 APIs with UK and EU customers.
Stock Market Live Updates: Sensex, Nifty extend losses
Share Market Live Updates: At 1 pm, Sensex and Nifty extended their losses and closed to slip at 1 percent.
Sensex slipped 594.94 points, or 0.83 per cent at 72,511.78 while Nifty tanked 193.60 points, or 0.87 per cent at 22,001.55.
Stock Market Live Updates: Patanjali Foods tanks 5%
Share Market Live Updates: The Supreme Court has issued a contempt notice to Patanji Ayurved’s Baba Ramdev and Acharya Balakrishna for publishing advertisements of products in violation of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954.
"The observations of Hon’ble Supreme Court of India do not relate to Patanjali Foods Limited (PFL)," Patanjali Foods said in a regualtory filing.
Shares of Patanjali Foods dipped 79.60 points, or 4.91 per cent lower at 1,543.10.
Patanjali Foods was formerly known as Ruchi Soya products.
Stock Market Live Updates: Spot gold remains steady
Share Market Live Updates: Gold prices steadied on Wednesday, as lower US Treasury yields partially offset a firmer dollar, while traders awaited key inflation data and remarks from Federal Reserve officials this week to gauge when the central bank is likely to cut rates.
Spot gold held its ground at $2,030.12 per ounce, as of 06:43 GMT. US gold futures fell 0.2 per cent to $2,039.40 per ounce.
- From Reuters
Stock Market Live Updates: Nifty Metal tanks over 1%
Share Market Live Updates: Nifty Metal tank 89.15 points, or 1.11 per cent at 7,911.40.
Top losers:
> Welspun Corp, 3.55 per cent down at 538.35
> Coal India, 2.36 per cent down at 431.00
> MOIL, 2.24 per cent down at 266.50
> Ratnamani Metal, 2.21 per cent down at 3,017.47
> Jindal Steel, 2.07 per cent down at 760.00
Stock Market Live Updates: Vedanta shares up after CLSA upgrade
Share Market Live Updates: Shares of Vedanta are trading marginally higher at 0.60 points, or 0.23 per cent at 264.50 apiece at 12:15 pm
Stock Market Live Updates: Nifty Auto down 1.52%
Share Market Live Updates: Nifty Auto is trading 325.95 points, or 1.57 per cent down at 20,465.65.
Top losers:
> Bajaj Auto, 3.33 per cent down at 8,182.00
> Sonal BLW, 2.92 per cent down at 668.00
> TVS Motors, 2.33 per cent down at 2,083.45
> Maruti Suzuki, 2.19 per cent down at 11,249.10
> Bharat Forge, 2.19 per cent down at 1,153.80
Stock Market Live Updates: Vodafone Idea share price falls over 10% after board approves to raise Rs 45,000 crore
Share Market Live Updates: Shares of Vodafone Idea extended its loss during Wednesday’s trading session to slip 1.65 points, or 10.41 per cent to trade at 14.25 per equity. The stock started its trading in red and tanked 4 per cent.
The dip in share price comes after the company’s board of directors approved raising up to Rs 45,000 crore through a mix of equity and debt. Out of the said amount, Vodafone Idea plans to raise Rs 20,000 crore through a mix of equity and equity linked instruments.
Read details.
Stock Market Live Updates: Vodafone Idea likely to launch FPO
Share Market Live Updates: Vodafone Idea is likely to launch FPO to raise funds for its 4G network expansion and 5G rollout.
The board of directors had agreed to raise Rs 20,000 crore via a combination of equity and equity-linked instruments.
Shares of Vodafone Idea has now tanked 10.41 per cent to trade at 14.25 per equity share.
Stock Market Live Updates: Vodafone Idea shares tank 6%
Stock Market Live: Vodafone Idea shares are down 0.90 points, or 5.99 per cent at 14.90.
The fall in share price comes after the Vodafone Idea board decided to raise around Rs 45,000 crore through a combination of equity and debt for expansion of 4G coverage, 5G network rollout, and capacity expansion.
Stock Market Live Updates: Market likely to be in range-bound zone in near term, says expert
Share Market Live Updates: 'Market is likely to be in a range-bound zone in the near term. The present range-bound consolidation phase is likely to continue for some time in the absence of strong positive or negative triggers,' said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
-From PTI
Stock Market Live Updates: Asian Paints tanks 1%
Stock Market Live Updates: Asian Paints shares extend losses for fifth straight day.Shares of Asian Paints tanked 46.20 points, 1.58 per cent at 2,814.35.
Stock Market Live Updates: Rupee opens flat
Share Market Live Updates: Rupee open flat at 82.90$ against Tuesday’s close.