Stock Market News: GIFT Nifty Indicates a Positive Start For Indian Indices


by Sandip Das on 15 February 2024,  5 min read

Stock Market News: GIFT Nifty Indicates a Positive Start For Indian Indices

The Indian stock market ended the session on February 14, 2024, on a positive note amid high volatility. At close, Sensex was up 267 points at 71,822.83 while Nifty gained 108.30 points at 21,851.55.

Around 1637 stocks advanced and 890 declined while 113 stocks remained unchanged.

On the sectoral front, PSU Bank and Oil & Gas indices rose 3 percent each, while auto, bank, FMCG, capital goods, metal, power, and realty were up 1.2 percent each. On the other hand, Information Technology and Pharma indices shed 1 percent each.

GIFT Nifty

GIFT Nifty indicates a positive start for Indian indices.

US Markets

Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the US stock market’s third most valuable company. The S&P 500 climbed 0.96% to end the session at 5,000.62 points. The Nasdaq gained 1.30% to 15,859.15 points. Dow Jones Industrial Average rose 0.40% to 38,424.27 points, according to a Reuters report.

Also read: Wise Travel India IPO: Retail Portion Booked 108.76 Times; QIB Category Booked 106.69 Times
Asian Markets

Asia-Pacific markets rebounded after mostly falling on Wednesday after hotter-than-expected US inflation data stoked concerns the Federal Reserve might keep interest rates higher for longer.

Japan’s Nikkei 225 opened 0.84% higher, briefly surpassing the 38,000 mark despite the missing GDP expectations. The broad-based Topix climbed 0.55%. In Australia, the S&P/ASX 200 started the day up 0.9%, snapping a three-day losing streak. South Korea’s Kospi rose 0.67%, CNBC reported.

Results today

EPACK Durable, R Systems International, and Ballarpur Industries will release their quarterly earnings scorecard on February 15.

Stocks in the news
  • Reliance Industries: The company is in talks with Walt Disney Company, to buy a 29.8 percent stake in Tata Play. This move is seen as part of RIL’s broader strategy to deepen its footprint in India’s television distribution sector.
  • Hindustan Unilever: The FMCG major is in talks with the Andhra Pradesh government to collaborate on palm oil production in the state. HUL sought to partner with more than 15,000 farmers in Andhra Pradesh to create at least 30,000 hectares of oil palm plantations. The proposed plan will lead to investments of over Rs 300 crore during the project development period. The proposed palm oil mill is expected to create over 1,000 direct and indirect jobs in the state.
  • Tata Power Renewable Energy Ltd: The firm has signed an agreement worth Rs 105 crore with Tata Communications to set up an 18.75 MW captive solar plant in Maharashtra.
  • Tata Elxsi: The firm has started the Global Design and Engineering Center in Pune. The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1 suppliers.
  • Adani Green Energy: The company has operationalised a 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.
  • BHEL: Under International Competitive Bidding (ICB), BHEL has won an order for setting up an 800 MW Ultra-supercritical thermal power plant on an engineering, procurement, and construction (EPC) basis, at Yamunanagar, Haryana, from HPGCL (Haryana Power Generation Corporation Ltd.).
  • One 97 Communications: Its subsidiaries, and its associate, Paytm Payments Bank, have received notices and requisitions for information, documents, and explanations from the authorities, including the Enforcement Directorate (ED), to the customers that may have done business with the respective entities.
  • SpiceJet: Financial trouble for low-cost carrier SpiceJet seems to be rising. Investors who had committed to infuse funds worth Rs 2,250 crore on a preferential basis are having second thoughts due to the acute liquidity crunch the company is facing, which may make its operations unviable.
FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 3,929.60 crore. Domestic institutional investors (DIIs) purchased Rs 2,897.98 crore worth of stocks on February 14.

Bulk Deals
  • Tijaria Polypipes Ltd: Bank Of India sold 5,00,000 shares at Rs 6.39
  • Datainfra: BIF IV Jarvis India Pte Ltd sold 43,30,00,000 shares at Rs 153.5 while Anahera Investment Pte. Ltd. bought 37,44,00,000 shares at Rs 153.5. Also, BCI IRR India Holdings Inc bought 5,72,00,000 shares at Rs 153.5
  • Medanta: Dunearn Investments Mauritius Pte Limited sold 30,00,000 shares at Rs 1315.2
Stocks under F&O ban on NSE

The NSE has added Hindustan Copper to the F&O ban list for February 15.

Disclaimer: The content of this blog post is intended solely for informational purposes and should not be interpreted as investment or trading advice. The author does not assure the accuracy or completeness of the information presented. Any decisions or actions taken based on the content of this blog post are undertaken at your own risk.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Spread the love