Disclaimer
The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably. We do not give you any buy/sell tips. This article is for Educational purposes only.
I) Nifty: opened at 23543 and touched a high of 23568, then a low of 23316 and closed at 23381 with a total of -178 points in Negative.
II) Bank Nifty: opened at 50052 and touched a high of 50155, then a low of 49703, and closed at 49981 with a total of -177 points Negative.
III) CNX Finance: opened at 23479 and touched a high of 23532, then a low of 23281, and closed at 23400, with a total of -139 points in Negative.
IV) Nifty Mid Select: open 1036 and touched a high of 12055, then a low of 11757 and closed at 11790, With a total of -221 points in Negative.
1. SignatureGlobal:- Axis Securities has given a 'buy' recommendation for Signatureglobal (India) with a target price of Rs 1,645, promising a 29% potential upside. The company's revenue and net profit have shown significant growth, bolstered by strong sales and quick execution. Promoters hold a 69.63% stake, with FIIs and DIIs owning 12.04% and 4.82% respectively.
2. Redington:- The company's shares climbed 3.84 per cent to hit its all-time high of Rs 240.70 per share on the BSE during the intra-day trade on Monday
1. Netweb:- Netweb Technologies India, a midcap IT software firm, has seen a significant decline in stock performance, losing 5.52% today and 6.29% over two days. The stock is trading below key moving averages and has underperformed its sector, reflecting ongoing challenges in the current market environment.
2. JM Financial:- JM Financial, a midcap finance and NBFC firm, saw a significant decline on February 10, 2025, following a four-day gain streak. The stock underperformed its sector and has shown mixed momentum based on moving averages, reflecting ongoing challenges in a difficult market environment over the past month.
Sensex Today | Stock Market LIVE Updates | Benchmark indices closed lower on Monday as investor sentiment weakened after U.S. President Donald Trump threatened new tariffs. The BSE Sensex fell 548 points (0.70%) to 77,311, while the Nifty50 slipped 178 points (0.76%) to 23,381. The total market capitalisation of all BSE-listed companies dropped by Rs 6.21 lakh crore to Rs 417.72 lakh crore.
Sensex Today | Stock Market LIVE Updates | Among the Sensex stocks, Tata Steel, Power Grid, NTPC, Bajaj Finance, Reliance Industries, and HDFC Bank opened lower, while M&M, Bharti Airtel, Adani Ports, and SBI recorded early gains.
The Indian rupee fell 0.2% to 87.59 per U.S. dollar, hitting record lows amid U.S. trade tariff concerns, with the RBI likely intervening.
The 10-year bond yield edged up to 6.7142% as traders stayed cautious post the central bank’s policy decision.
Why did the market fall today?
Highlights of trade:
Market View by Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The Delhi election results, particularly the emphatic nature of the BJP win, though positive from the market perspective, are unlikely to trigger a sustained rally in the market. With the dollar index above 108 and the 10-year US bond yield above 4.4%, FIIs will continue to sell the rally, restricting any potential upside.
It is important to understand that valuations in India continue to be on the higher side, particularly in the broader market. The market needs fundamental triggers like indications of GDP growth and earnings rebound. Until then the market is likely to move only in a range. Investors should stick to fairly valued high-quality large caps.
