Best Stocks to Buy – Stock Market LIVE Updates: Sensex drops over 100 points dragged by heavyweights ITC, RIL; Motherson Sumi jumps 7%

The Tata group company reported a 46.26 per cent rise in consolidated net profit to Rs 128.64 crore for the October-December period.

Motherson Sumi Q3 PAT up at Rs 798 crore, revenue up 15%; shares jump

price as on 12 Feb, 2021 02:02 PM, Click on company names for their live prices.

Sensex turns negative amid selling pressure in heavyweights ITC, Reliance Industries

Strides Pharma gains after drug maker receives US approval for Prednisone tablets

price as on 12 Feb, 2021 01:50 PM, Click on company names for their live prices.

Petronet down over 1% after Q3 results

Shares in Petronet LNG Ltd — India’s largest gas importer — on Thursday reported a 30% rise in its December quarter net profit, as demand reached pre-COVID levels.

Supreme Court upholds validity of e-voting for winding up of six Franklin schemes

The Supreme Court on Friday upheld the validity of e-voting process for winding up of six mutual fund schemes of Franklin Templeton, and said disbursal of funds to unit holders will continue.

FMCG, metal, pharma witness selling pressure

IndusInd Bank, ICICI Bank lead banking pack; Nifty Bank gains 1.5%

price as on 12 Feb, 2021 01:14 PM, Click on company names for their live prices.

Sandip Sabharwal on ITC stock outlook

ICICI Bank, Infosys, HDFC top boosts for Sensex

On the other hand, ITC and Reliance Industries were the biggest drags for the 30-scrip benchmark index.

Adani Ports top gainer in Nifty50 pack

price as on 12 Feb, 2021 01:05 PM, Click on company names for their live prices.

If Nifty breaks the 15,250-15,270 levels, you may see another rally till 15,460-15,480. Nifty is led by bank, IT and financial stocks, while FMCG and metal scrips have been in the negative zone.

– Likhita Chepa, CapitalVia Global Research

Nikkei slips from over 30-year high on profit-taking after rally

Japan’s stock benchmark snapped a four-session rally on Friday, slipping from a more than 30-year high hit in the previous session, as investors booked profits but gains in Toyota Motor and chip shares capped the losses. Nikkei share average edged down 0.14 per cent to close at 29,520.07, after hitting a fresh high since August 1990 on Wednesday. The broader Topix inched up 0.04 per cent to end at 1,931.68.

Is hotel business weighing ITC down?

Dalal Street remained divided on ITC after its December quarter show, as the numbers generated skepticism as well as enthusiasm. Some analysts found the performance slightly below par.

Biocon Biologics, Viatris gets European Commission nod for co-developed diabetes drug

Biotechnology firm Biocon on Friday said its arm Biocon Biologics and Viatris have received approval from European Commission for their product Kixelle, indicated for the treatment of diabetes. In a regulatory filing, Biocon Biologics informed that Kixelle – co-developed with Viatris Inc – had received marketing authorisation approval from the European Commission following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency.

Markets, oil drop in Asia but bitcoin edges towards $50,000

Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while bitcoin hit a new record as it crept towards $50,000.

Top losers in the FMCG pack

price as on 12 Feb, 2021 12:15 PM, Click on company names for their live prices.

ITC remains the top Nifty laggard, down 3.5%

price as on 12 Feb, 2021 12:07 PM, Click on company names for their live prices.

Govt invites bids for 11 more mines under commercial coal auction

40 Nifty stocks trading at discount to historic averages

A roaring bull market and record high Nifty levels might be making investors jittery over stock valuations, but dozens of index stocks are still ruling at a discount to their historic averages, offering comfort to those who are seeking value in this market.

Ashok Leyland tanks 8% after Q3 loss

Shares of Ashok Leyland on Friday tumbled 8 per cent after the company reported a net loss of Rs 19 crore for the third quarter ended December 31, 2020. The stock tanked 8 per cent to Rs 124.10 on BSE. The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20. The revenues for the third quarter on a standalone basis stood at Rs 4,814 crore as compared with Rs 4,016 crore in the year-ago period, Ashok Leyland said in a statement.

120 stocks hit 52-week highs on NSE

Among the stocks that touched their 52-week highs on NSE were: Adani Ports & SEZ, Ambuja Cements, Amrutanjan Health Care, CAMS, Deepak Nitrite, Happiest Minds, JK Cement, Piramal Enterprises, The Ramco Cements, V-Mart Retail, TTK Prestige and Sundram Fasteners.

HDFC twins contribute to over half of Sensex’s gain

price as on 12 Feb, 2021 11:38 AM, Click on company names for their live prices.

Australia shares close lower weighed by gold, energy stocks

Australian shares ended lower on Friday, hurt by losses in gold and energy stocks as prices of the underlying commodities declined, ahead of crucial earnings due next week. The S&P/ASX 200 index fell 0.6% to 6,806.7 at the close of trade. The benchmark was down 0.5% for the week.

3 stocks hit 52-week lows on NSE

Stocks that touched their 52-week lows on NSE were: Jiya Eco-Products, Novartis India and Sanwaria Consumer.

Nifty Bank up over 1%. Top gainers in banking pack

price as on 12 Feb, 2021 11:23 AM, Click on company names for their live prices.

NTPC Kameng project’s 4th 150 MW unit commercially operational

State-run power producer NTPC on Friday said the fourth 150 mega watt (MW) unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation is commercially operational. Shares of NTPC Ltd were trading 0.98 per cent lower at Rs 96.35 apiece on the BSE.

Strides Pharma receives USFDA approval for Prednisone tablets

Drug firm Strides Pharma Science on Friday said its subsidiary, Strides Pharma Global Pte Ltd, has received approval from the US health regulator for Prednisone tablets, prescribed for a variety of conditions, including allergies, respiratory illness and arthritis. Shares of Strides Pharma Science were trading 2.81 per cent higher at Rs 890.10 apiece on BSE.

Samir Arora on stock valuation

Stocks that hit 52-week high

price as on 12 Feb, 2021 11:04 AM, Click on company names for their live prices.

Top gainers in IT pack

price as on 12 Feb, 2021 11:02 AM, Click on company names for their live prices.

Rupee gains 10 paise to 72.77 against US dollar

The rupee appreciated by 10 paise to 72.77 against the US dollar in opening trade on Friday supported by positive domestic equities and sustained foreign fund inflows. At the interbank forex market, the local unit opened at 72.79 against the US dollar, then inched higher to 72.77 against the greenback, registering a rise of 10 paise over its previous close.

The immediate supports for Nifty are placed around 15100 followed by 14975 whereas resistance is seen around the swing high of 15250 above which Nifty should resume momentum

– Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking

Most Asian markets shut

Markets in Greater China and most of Southeast Asia are closed on Friday for the Lunar New Year holiday.

US Dollar set to slide this week

US dollar is headed for its first losing week in three as new signs of weakness in the US jobs market dented investor expectations about the pace of a pandemic recovery.

Top gainers of the day

price as on 12 Feb, 2021 10:33 AM, Click on company names for their live prices.

As RailTel readies to join IPO party, grey market premium soars 50%

The premium on the unlisted shares of RailTel has surged to Rs 44-47 in the grey market, the unofficial market for trading in unlisted shares.

Impressive Q3 results have been supporting the markets in February. A distinct pattern has been the stocks of companies that declared good results selling off after the news. This can be because of the bulls unloading after the news. Retail investors have an inclination to buy stocks looking at the results. Normally, this does not prove successful.

– VK Vijayakumar, Geojit Financial Services

Nifty IT index gains over 1%

price as on 12 Feb, 2021 10:00 AM, Click on company names for their live prices.

ITC shares drop 3% after 12% decline in Q3 profit

The country’s largest cigarette maker, ITC, reported an 11.6 per cent year-on-year decline in net profit for the quarter ended December to Rs 3,662.85 crore. The net profit was higher than analysts’ estimate of Rs 3,600 crore.

LISTEN IN | Fuel prices, air fares go through the roof

Infosys, Tech Mahindra, HCL Tech top gainers; ITC, ONGC top laggards

OPENING BELL | Sensex gains over 150 points, Nifty above 15,200

Infosys up 2%, ITC down 2%

Pre-open market: Sensex rises over 80 points

The S&P BSE Sensex index was up 83.25 points — 0.16% — at 51,614.77, and the broader NSE Nifty 50 benchmark up 12.90 points — or 0.09% — at 15,186.20.

Intraday trading ideas from Reliance Securities

Stocks in the news: ITC, Bharat Forge, Sun Pharma, ACC and Motherson Sumi

Here are a few other stocks which may buzz the most in today’s trade.

Australian equity market edges lower as US-China worries resurface

The S&P/ASX 200 index fell 0.3% to 6,828.90 by 0057 GMT, and was set to mark a weekly loss. The benchmark slipped 0.1% on Thursday.

Gold heads for best week in three on dollar weakness

Gold held steady on Friday as investors awaited fresh catalysts, although prices were on track to post their best week in three, helped by a weaker dollar.

SGX Nifty signals muted start for Dalal Street

Nifty futures on the Singapore Exchange traded 7.70 points, or 0.05%, lower at 15,182.80 at 7:28 am, in signs that Dalal Street was headed for a muted start on Friday.

Tech View: Nifty in a consolidation phase, 15,200 level crucial hurdle

Nifty50 is going through a phase of consolidation and its movement on Thursday was in line with that, even though the index managed to log some gains, snapping a two-day streak of closing with a negative bias. Nifty closed the weekly F&O expiry day with a gain of 66.80 points, or 0.44%, at 15,173.

Asian markets closed for public holidays

Financial markets in China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand are closed on Friday.

Bitcoin rises to record high of $49,000 in Asian trade

US equities mixed

Overnight on Wall Street, the S&P 500 gained 6.50 points — or 0.17% — to close at 3,916.38, and the technology stocks-heavy Nasdaq Composite barometer eked out a gain of 53.24 points — or 0.38% — to settle at 14,025.77, but the Dow Jones Industrial Average slipped 7.10 points — or 0.02% — to 31,430.70.

Rupee edges lower to end at 72.87 against dollar on Thursday

The rupee ended three paise lower at 72.87 against the greenback on Thursday, amid a firm trend in the domestic equity markets.

Sensex, Nifty on Thursday

The S&P BSE Sensex index ended 222.13 points — or 0.43% — higher at 51,531.52 on Thursday, and the broader NSE Nifty 50 benchmark added 66.80 points — or 0.44% — to settle at 15,173.30.

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