Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened higher with Nifty above 17400 on the back of positive global cues. The Sensex was up 301.55 points or 0.52% at 58443.60, and the Nifty was up 91 points or 0.52% at 17443.50. Except metal, all other sectoral indices are trading in the green with oil & gas and realty indices up 1 percent each. BSE midcap and smallcap indices up 0.5-1 percent. M&M, HDFC Life, Grasim Industries, HCL Technologies and HDFC were among major gainers on the Nifty, while losers were Power Grid Corp, Dr Reddy’s Lab, Shree Cements, Eicher Motors and Tata Motors. Global cues were strong as Wall Street ended sharply higher on Tuesday on the back of de-escalating tensions along the Russia-Ukraine border.

Vedant Fashions shares made a modest listing on stock exchanges as stock opened 8.08% up at Rs 938 apiece from IPO price of Rs 866 apiece. At listing, the market capitalisation of the company stood at Rs 22,716.23 crore, according to BSE data. This is the third company to list on bourses in calendar year 2022, after the AGS Transact Technologies, and Adani Wilmar. The Rs 3,149 crore Vedant Fashions IPO was subscribed 2.57 times on the final day. The company mopped up Rs 3,149.19 crore through its public issue last week. The IPO was a complete offer for sale, which means the company will not receive issue proceeds.

The headline indices extended losses in morning deals in a volatile market. The BSE Sensex was down 343 points at 57,798, while the NSE Nifty was at 17,267, lower by 85 points. In the Sensex pack, 25 stocks were in the red zone, with losses in ICICI Bank, RIL, HDFC Bank, L&T, SBI and Infosys, trading 0.5-1.5 per cent.

NBFC stocks rise after RBI delays implementation of new NPA norms

Shares of non-bank finance companies gained on February 16 after the central bank gave more time to NBFCs to comply with its new rules for upgrade of non-performing assets (NPAs) to standard ones. The Reserve Bank of India (RBI) on Tuesday extended the deadline for adhering to the rules from 31 March to 30 September.

Tata Power gains 2% as Morgan Stanley raises target price

Tata Power share price gained more than 2 per cent intraday after foreign research house Morgan Stanley raised the target price. The research firm has maintained an equal-weight rating on Tata Power and raised the target price to Rs 228 per share. The key catalyst to watch is the valuation ascribed to green businesses and terms being agreed upon for Mundra resolution, said the research firm.

Nifty gainers, laggards

M&M, HDFC Life, Grasim Industries, HCL Technologies and HDFC were among major gainers on the Nifty, while losers were Power Grid Corp, Dr Reddy’s Lab, Shree Cements, Eicher Motors and Tata Motors.

Sensex, Nifty edge higher on open

Indian equity markets opened higher with Nifty above 17400 on the back of positive global cues. The Sensex was up 301.55 points or 0.52% at 58443.60, and the Nifty was up 91 points or 0.52% at 17443.50.

Intraday dip to attract strong buying demand

Intraday dip to attract strong buying demand as Nifty has key support at 17200, said ICICI Direct.

Markets likely to open flat amid mixed global cues

“Indian markets are expected to open flat to positive tracking mixed global cues, led by a mix of upbeat earnings and easing of Ukraine tension. US markets ended higher amid easing geopolitical concerns and release of macroeconomic data.”

Sensex, Nifty trade higher in pre-open

Benchmark indices traded higher in pre-opening session. Sensex was trading over 200 points higher at 58,384.05, while Nifty 50 was past 17,400, up 66 points.

Stock specific rally within Auto, IT sector possible

“Given the fact, India Vix index sustaining above levels of 20; Nifty will continue its volatile ride, marking huge swings on both side. Multiple low ensures immediate support near 16800, while a decisive breakthrough above prior week’s high (i.e. 17639) is essential to end recent series of lower highs. Bank Nifty recovered from lower levels, however it failed to fill the downward gap. In the recent past, BankNifty formed multiple peaks between 38850-39400 zone, the same needs to be taken out to regain required momentum on upside. Selected Auto and IT stocks saw positive traction, stocks specific rally within these sectors is possible.”

Stocks under F&O ban on NSE today

Four stocks – BHEL, Escorts, Indiabulls Housing Finance, and SAIL – are under the F&O ban for February 16. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.