Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in negative territory. The NSE Nifty 50 closed 167.70 points or 0.76% lower to settle at 22,055.05, while the BSE Sensex lost 434.31 points or 0.59% to settle at 72,623.09. The broader indices closed in the red, with largecap, midcap, and smallcap stocks losing. Bank Nifty index shed 74.50 points or 0.16% to settle at 47,019.70.
The NSE Nifty 50 closed 0.76% lower at 22,029.25, while the BSE Sensex closed 0.71% lower at 72,536.75.
Tata Steel, SBI, IndusInd Bank, ICICI Bank, and Tata Consumer Products were the top gainers in the Nifty 50. While BPCL, Coal India, Power Grid Corporation, NTPC, and Wipro were the major laggards in the Nifty 50 on February 21. Come from Sports betting site VPbet
Shares of HFCL rose 4.4% to touch a new 52-week high of Rs 115.75 after the company got approval to sett up a state-of-the-art optical fiber cable manufacturing facility in Poland.
Shares of Devyani International witnessed an increase of over 3% in early trading hours on Wednesday following reports that Yum Restaurant Private Ltd is likely to divest its entire 4.4% stake in Devyani International Ltd through block deals. The floor price for this transaction is established at ₹153.5 per share, reflecting a 7.45% discount compared to the current market price on the Bombay Stock Exchange (BSE).
Varun Beverages shares experienced a gain of over 2% to Rs 1,473.55 in intra-day trading on Wednesday following the announcement that the company, through its unit, has secured an exclusive snacks appointment agreement for the manufacturing and packaging of ‘Cheetos’ in Morocco. Production is set to commence on May 1, 2025, from the company’s dedicated manufacturing facility, involving a capital expenditure of Rs 100 crore.
Shares of BPCL fell 2.4% to the intraday low of Rs 642. The stock was the key loser in the Nifty 50 on February 21. The stock rose to the intraday high of Rs 667.85Come from Sports betting site. It hit the 52-week high of Rs 687.95 on February 16.
After facing significant challenges post-listing, shares of One 97 Communications, the parent company of Paytm, have displayed a remarkable upward trajectory, consistently hitting upper circuit limits over the past few trading sessions. In today’s trading session, the stock locked at a 5% upper circuit limit at Rs 395 per share, marking the fourth consecutive day of a 5% rally. Over this four-day period, the stock has gained a total of 21%.
Tata Steel, JSW Steel, SBI, Adani Enterprises, and Hindalco were the top gainers in the Nifty 50. While BPCL, Power Grid, Coal India, Infosys, and NTPC were the major losers in the Nifty 50 on February 21.
Shares of the State Bank of India rose 2.3% to hit a lifetime high of Rs 777.30. The stock has an upper band of Rs 836.10.
The stocks of Reliance Industries rose 1.2% to hit the 52-week high of Rs 2,977.05. The stock was among the top gainers in the Nifty 50 on February 21.
Shares of Tata Steel rose 3.5% to Rs 146.20. The stock was the top gainer in the Nifty 50 on February 21. The stock touched its 52-week high of 147.40 on February 07.
NTPC Green Energy has entered into a partnership with the Andhra Pradesh government to establish a green hydrogen hub in Visakhapatnam. The initiative includes the construction of a production facility capable of producing 1,200 tonnes per day of green hydrogen. Despite this positive development, NTPC’s shares experienced a slight dip of nearly 1%, trading at Rs 341 in the intra-day session on Wednesday.
Tata Steel, JSW Steel, Hindalco, Eicher Motors, and Reliance were the top gainers in the Nifty 50. While Power Grid Corp, BPCL, Infosys, Axis Bank, and HCL Technologies were the major laggards in the Nifty 50 on February 21.
The NSE Nifty 50 was up 16.20 points or 0.07% at 22,213.15. While the 30-stock BSE Sensex was up 56.42 points or 0.08% at 73,113.82.
“Continued to trades below 83 has rendered the trend weak, exposing 82.9, bringing in 82.78 onto the radar. It would require bargain hunting from the 82.9 vicinity to stop a slide and a pull back above 83.1 to initiate an uptrend,” said Anand James, Chief Market Strategist, Geojit Financial Services.
Thermax, a provider of Energy and Environment solutions, has entered into a license and technical assistance agreement with South Korea’s Flowtech Co. This strategic collaboration aims to acquire technology for producing Poly Carboxylate Ether products, enhancing Thermax’s construction chemicals business portfolio. Thermax shares saw an uptick of 0.28%, trading at Rs 3,521.50.
The stocks of ZEE Entertainment fell 15% to the intraday low of Rs 163.75 from its previous close of Rs 192.65. The fall in the shares can be attributed to the news reports of SEBI finding a Rs 2,000 crore fund diversion. Also, the company denied news reports on re-engagement with Sony for the merger.
Swan Energy shares declined over 3% to an intra-day low of Rs 731 on Wednesday, in response to the announcement that the company has initiated a fund-raising drive of Rs 4,000 crore through a qualified institutional placement (QIP). The initial price has been set at Rs 703.29 per share, with the final pricing of the issue scheduled to be determined on February 26.
Union Bank of India shares surged over 5% to Rs 150.80 in intra-day trading on Wednesday, fueled by the announcement that the bank has obtained approval from the Committee of Directors for Raising Capital Funds to raise up to Rs 3,000 crore through a qualified institutions placement (QIP). The floor price for the issue has been established at Rs 142.78 per share.
TCS shares rose over 1% to Rs 4,063.35 in intra-day trade on Wednesday, following the statement by K Krithivasan, CEO of Tata Consultancy Services (TCS). Krithivasan expressed cautious optimism for the medium-to-long term, foreseeing the upcoming year to be better than the current one. Additionally, he confirmed that the company has no plans to cut down on hiring, although there may be adjustments in the hiring process.
The bull market continues on the Dalal Street. The NSE Nifty 50 touched a fresh all-time high of 22,249.40.
Tata Steel, JSW Steel, Hindalco, IndusInd Bank, and Grasim Industries were the top gainers in the Nifty 50. On the other hand, Infosys, Power Grid, BPCL, HCL Technologies, and L&T were the key losers in the Nifty 50 on February 21.
DLF shares surged more than 3%, reaching a new 52-week high of Rs 887.95, following the announcement that the prominent real estate company has acquired land parcels in Gurugram, Haryana, totaling Rs 1,241 crore. This strategic move allows for the partial redemption of bonds valued at Rs 775 crore. The registration and transfer of the first tranche of land parcels have been successfully completed.
“The bulls in Bank Nifty retained control, concluding above the 47000 mark, indicating a robust buy trend. Initial support is solidified at 46700, evident through recent put writing. The index is expected to achieve its short-term target of 48000, and any downturn is perceived as a favorable buying opportunity,” commented Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
