Sensex Today | Share Market Live Updates: Sensex up 200pts, Nifty at 22,360; Most sector indices barring IT, O&G, FS red

Sensex Today Live : Muthoot Capital today informed the exchanges that it has finalised the terms of issue to raise nealy ₹100 crore. In an exchange filing, the company said, “we hereby inform you that the Company has finalised the terms of issue of secured, rated, redeemable, non-convertible debentures (“NCDs”) upto Rs. 100 crores (Rupees One Hundred Crores) on private placement basis to certain eligible investors permitted to invest in the NCDs under applicable laws”.

The exchange filing also noted, “Base issue size of Rs. 50 crores (Rupees Fifty Crores) consisting of 5,000 NCDs of face value ₹1,00,000 and an option to retain oversubscription of upto Rs. 50 crores (Rupees Fifty Crores) consisting of 5,000 NCDs of face value ₹ 1,00,000 aggregating to total issue size 10,000 NCDs of face value ₹ 1,00,000 each aggregating to ₹ 100 crores (Rupees One Hundred Crores)”.

Sensex Today Live : Indian benchmark indices had climbed down from their early highs but were still trading in positive territory on Tuesday after opening on a muted note.

At 11 am, Sensex was up 105.98 points, or 0.14%, at 73,608.62, and Nifty was up 4.70 points, or 0.2%, at 22,337.35.

Sensex Today Live : The Nifty FMCG was down 1.06%, with ITC, Nestle India , Godrej Consumer Products, Procter & Gamble Hygiene and Health, and Radico Khaitan emerging as the top losers, dragging the index down.

Sensex Today Live : The International Finance Corporation (IFC), the World Bank’s private finance division, has divested its remaining stake in Religare Enterprises, marking the end of its 12-year association with the Delhi-based financial services firm. This development comes amidst an ongoing power struggle between Religare’s management and the Burman family for control of the company. According to a disclosure made by Religare, the IFC sold its 2.42% stake in the company between January 29 and February 2. While the identity of the buyer of the shares remains unconfirmed, the timing of the IFC’s stake sale aligns with a disclosure made by the Burmans on January 31. The Burmans announced that they had acquired a 4% stake in Religare, bringing their total ownership in the company to 25.18%.

Sensex Today Live : PSP Projects today informed the exchanges that the Surat District courth has directed the Surat Diamond Board to furnish a bank guarantee worth ₹125 crore in a month.

The case pertains to an alleged payment dispute between the two entities for the construction of the world’s largest office building, the Surat Diamond Bourse.

In the exchange filing, PSP Projects, stated, “the Hon’ble District Court, at its hearing held on March 11, 2024, after hearing the arguments of both the parties, has partly allowed the company’s application and passed the following order:

1. Directed Surat Diamond Bourse to furnish irrevocable Bank Guarantee to the tune of ₹125 Crores within a period of four weeks from passing of its order.

2. Till the time the above Bank Guarantee is not furnished, Surat Diamond Bourse be restrained from auctioning, transferring or creating third party rights in the remaining portion of the Surat Diamond Bourse.”

Sensex Today Live : The Securities and Exchange Board of India (Sebi), the market regulator, is intensifying its scrutiny on the utilization of algorithmic trading by retail investors. Live Mint looks at the rationale behind this regulatory attention on a volatile portion of the equity market. (Read the full story here.)

Sensex Today Live : Indian benchmark indices climbed on Tuesday after opening on a muted note.

At 10 am, Sensex was up 427.61 points, or 0.58%, at 73,930.25, and Nifty was up 95.65 points, or 0.43%, at 22,428.30.

Sensex Today Live : Airport service aggregator DreamFolks today said in an exchange filing that it has entered into a strategic partnership with Healthians to offer healthcare services for its customers across India.

Sensex Today Live : British American Tobacco is reportedly gearing up for a much-anticipated sale of its stake in ITC within the next fortnight, according to two individuals familiar with the development. The company intends to offload a 4% stake in the Indian firm at a share price of ₹380-390, which represents a 5-8% markdown from Monday’s closing price of ₹409, as per the sources. The transaction, which is expected to involve approximately 499 million shares valued at around ₹20,000 crore (just over $2.4 billion), is set to be the largest block deal since 2021. Potential buyers of ITC shares could include ICICI Prudential Mutual Fund and O3 Securities, added the aforementioned sources.

Sensex Today Live : Some heavyweight sectoral indices were showing signs of being under pressure, with the FMCG index down 0.95%, Nifty Bank down 0.12%, Metal down 0.41%, and Realty down 0.67%. Meanwhile, the IT index had surged ahead. It was up 1.51% in early trades.

Sensex Today Live : The broader market continued to be under pressure, with the BSE SmallCap index, down 0.43%, and the BSE MidCap index, down 0.14%. 

Sensex Today Live : TCS, Tech Mahindra, BPCL, LTI Mindtree, and Infosys, were the top gainers on the Nifty 50 in early trades, while ITC, HUL, HDFC Life, Britannia, and Bajaj Finserv, were the top losers. 

Sensex Today Live : TCS, Infosys, HCL Tech, Wipro, and Sun Pharma, were the top gainers on the Sensex in early trades, while ITC, HUL, Bajaj Finserv, Nestle, and Bajaj Finance, were the top losers. 

Sensex Today Live : Indian benchmark indices opened on a muted-to-negative note on Tuesday, led by weak signals from Asian peers that were trading mixed ahead of US inflation data set to be released later in the day.

At opening bell, Sensex was down 28.84 points, or 0.04%, at 73,473.80, and Nifty was down 2.85 points, or 0.01%, at 22,329.80.

Sensex Today Live: Indian benchmark indices were muted during pre-open on Tuesday, following mixed signals from Asian peers that were awaiting US inflation data, set to be released later in the day.

Sensex was up 13.78 points, or 0.02%, at 73,516.42, and Nifty was up 1.80 points, or 0.01%, at 22,334.45 during pre-open.

Sensex Today Live : The stock market regulator, the Securities and Exchange Board of India (SEBI), has expressed concern over market bubbles, stating that they are detrimental to retail investors. In response to this, SEBI suggests that mutual funds could establish a unified policy to safeguard investors, particularly in the currently volatile small and mid-cap sectors.

SEBI has already requested mutual fund trustees to provide stress test results, indicating the duration required to liquidate parts of investors’ portfolios.

SEBI’s chairperson, Madhabi Puri Buch, noted the presence of “froth” in certain market segments during an event in Mumbai on Monday. (Read the full story here.)

Sensex Today Live : The Indian stock market indices are poised for a cautious start on Tuesday, taking cues from a mixed global scenario. The Gift Nifty trends suggest a slightly positive opening for the Indian benchmark index, trading around 22,445 levels, nearly 30 points higher than the previous close of Nifty futures.

On Monday, domestic equity indices succumbed to weakness and closed lower, influenced by weak global indicators. The Nifty 50 chart formed a long bearish candle, signaling a reversal of the upward trend observed in the previous two sessions.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, pointed out that the current chart pattern on the daily chart indicates a bearish evening star type candle pattern, suggesting a short-term top reversal for the markets. Following the formation of a bullish pattern like the rising three method on Wednesday, the Nifty has reversed its short-term upward movement and formed a bearish evening star pattern on Monday. Here’s what to expect from Nifty 50 and Bank Nifty today. (Read the full story here.)

Sensex Today Live : The local equity market is projected to commence trading on a positive note on Tuesday, despite a sense of caution, as it follows a mixed trend in global markets. Investors will be closely monitoring the release of inflation data in both India and the US later on Tuesday. On Monday, the Indian stock market experienced a broad-based selloff, with both benchmark indices ending the day nearly one percent lower due to caution ahead of significant macroeconomic data and weak global cues.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd, stated that sentiments were affected after the SEBI Chief pointed out irrational surges and high valuations in small and midcaps. He also mentioned that the stress test disclosures for small and midcap funds, scheduled for announcement on March 15, are likely to maintain pressure on the broader market in the near term. He further added that the market is expected to continue its consolidation phase with significant bouts of volatility. (Read the full story here.)

Sensex Today Live : After a more than 150-points lower close on Monday for Nifty 50, Gift Nifty futures was trading ahead on Tuesday morning, on the back of reports that US inflation data that is set to be released later today, would hold no surprises for the markets globally.

At 7:50 am, the Gift Nifty futures was trading at 22,448, around 115 points ahead of Nifty 50’s Monday close of 22,332.65, which was down 160.90 points, or 0.72%. With Asian markets also opening higher, market gauges globally indicated that India would also open higher tracking gains in Asian peers.

Asian markets opened higher, with the MSCI Asia ex-Japan index adding 0.23%. Most Wall Street equities had declined overnight ahead of U.S. consumer price index (CPI) inflation data, which is due after closing bell.

Australian shares rose on Tuesday, as the gains in banking and gold stocks countered the losses in energy firms, while investors awaited a U.S. inflation data for more policy clues.

The S&P/ASX 200 index gained 0.3% to 7,729.7, by 0014 GMT. The benchmark fell 1.8% on Monday.

U.S. February consumer price data – a key measure for core inflation – is due later in the day, with markets expecting a monthly increase of 0.4% and 3.1% year on year.

This could also suggest whether the Federal Reserve can begin cutting interest rates in the coming months.

South Korean shares rose on Tuesday, led by a jump in battery makers which tracked overnight gains in U.S. electric-vehicle maker Tesla.

The benchmark KOSPI rose 10.51 points or 0.40% to 2,670.35 by 0104 GMT.

The Dow Jones Industrial Average rose 46.97 points, or 0.12%, to 38,769.66. The S&P 500 lost 5.74 points, or 0.11%, at 5,117.95 and the Nasdaq Composite fell 65.84 points, or 0.41%, to 16,019.27.