Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex held on to the green amid volatile trade on Tuesday, February 6.
The Sensex ends 454.7 points, or 0.6 per cent, higher at 72,186.1 and the Nifty settles at 21,929.4, up 157.7 points, or 0.7 per cent, from its previous close.
Images: NSEIndia.com, BSEIndia.com
Read more on the February 6 session here
As many as 76 stocks in the S&P BSE Sensex reached the milestone.
As many as five stocks in the S&P BSE Sensex reached the milestone.
Zydus Lifesciences shares hit a 52-week high of Rs 809.05 on BSE on Tuesday in the first trading session after the company announced the proposal for buyback of shares. The stock of the large-cap company is trading higher by 4.29 per cent, or Rs 32.65, at Rs 793.55 on BSE.
The company announced on Monday that it would consider a proposal for buyback of shares.
“Please note that the Board of the Company, at its aforesaid meeting, will also consider a proposal for buyback of fully paid-up equity shares of the Company and the matters necessary and incidental thereto, in accordance with the applicable provisions under the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws,” said the company in a note to bourses on Monday. Read more
The stock of One 97 Communications Ltd, the parent company of fintech firm Paytm hit a 52-week low on BSE on Tuesday (February 6, 2024) after the company denied that it was selling its Paytm wallet business and Jio Financials also denied that it was purchasing it. The stock of Paytm hit a 52-week low of Rs 395.50 in morning deals on BSE.
On Tuesday, One 97 Communications Ltd denied reports that it was acquiring Paytm wallet business days after the Reserve Bank of India (RBI) asked the company’s to comply with KYC norms.
“With reference to the captioned subject, we clarify that the abovementioned news item is speculative, baseless and factually incorrect. We have not been in any negotiations in this regard. We have been informed by Paytm Payments Bank Limited, our associate company, that they also have not been in any negotiations in this regard. Read more
TCS, Infosys, Bharti Airtel, L&T and M&M are the top movers in the Nifty baskets at this hour. On the contrary, ITC, RIL, Power Grid and Kotak Bank are among the top drags.
Here’s a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Bharti Airtel trade Rs 36.8 or 5.15 per cent higher at Rs 751.1 on NSE after the telecom company reported mixed December quarter results. Bharti Airtel announced its third-quarter results on Monday evening, reporting an 82.1 per cent jump in consolidated profit after tax (PAT) to Rs 2442 crore in the December quarter from Rs 1341 crore in the September quarter.
It was slightly below Zee Business research estimates of Rs 2650 crore. Revenue from operations jumped by 2.3 per cent to Rs 37899 crore against Rs 37044 crore quarter-on-quarter (QoQ) compared to research estimates of Rs 37450 crore.
Adjusted PAT slipped by 11.6 per cent to Rs 2572 crore in Q3 against Rs 2911 crore Quarter-on-Quarter (QoQ) compared to analysts’ estimates of Rs 2650 crore. The average revenue per user (ARPU) for the December quarter was up by 2.5 per cent to Rs 208 against Rs 2024 in the previous quarter. Read more
Real estate developer Godrej Properties registers a net profit of Rs 62.2 crore for the October-December period, as against a net profit of Rs 56.4 crore for the corresponding quarter a year ago. Its revenue grows to Rs 330 crore for the fiscal third quarter from Rs 196 crore a year ago, according to a regulatory filing.
Godrej Properties shares hold on to the green after the earnings announcement, up 0.7 per cent at Rs 2,336 apiece on BSE at this hour.
Nestle India, one of the leading packaged food and beverage companies, is expected to post a healthy set of numbers for the December quarter (Q4 FY24). The company, which houses over 2,000 brands, including names such as Maggi, Nescafe, and KitKat, among others, is slated to release its financial results for the fourth quarter of the ongoing fiscal on Wednesday, February 7.
It must be noted that Nestle has followed a calendar-year cycle until now. However, in July 2023, the company announced that it would change its financial year to the April-March cycle.
“The current Financial Year of the Company shall be extended upto 31st March 2024 covering a period of 15 months commencing from 1st January 2023 to 31st March 2024 and subsequent Financial Years of the Company would begin from 1st April every year and end with 31st March of the subsequent year,” Nestle India said in its filing. Read more
IEX shares jump by as much as Rs 6.9, or 4.7 per cent, to Rs 153.4 apiece on BSE.
Image: BSEIndia.com
After market hours on Monday, the premier electricity exchange said it recorded total volumes of a record 10,893 million units (MU) in January 2024, up 26.1 per cent on a year-on-year basis.
The volume comprises 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) equivalent to 1,520 MU, it said.
NSE’s India VIX index, popularly known as the gauge of fear in market parlance, is up 0.7 per cent at 15.7 at this hour, having gained as much as 2.3 per cent to hit the 16 mark earlier in the day.
The Nifty 500, the broadest index on NSE, is up half a per cent at this hour as against the headline Nifty50 index’s 0.3 per cent rise.
The Sensex is holding on to the green with a gain of 155.8 points, or 0.2 per cent, at 71,887.2 at this hour. The Nifty50 is up 69.2 points, or 0.3 per cent, at 21,840.9.
Here’s a look at the top movers and shakers in the 30-scrip basket:
Image: BSEIndia.com
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Share Market HIGHLIGHTS: Sensex ends 455 pts higher, Nifty reclaims 21,900; BPCL soars 6%, Britannia – Zee Business
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