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Hero MotoCorp and Coal India. Nifty declined 0.3 per cent in the previous week and formed a "Doji" candlestick formation on the weekly chart, indicating indecisiveness among market participants. According to Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,000 level, it would witness buying, leading the index towards 22,150-22,300 levels.

Stock market today: Apeejay Surrendra Park Hotels share price today listed on BSE and NSE delivering around 20 percent return to the lucky allottees. However, the stock soon came under sell-off pressure after the profit-booking trigger.

Havells India Ltd. traded 0.63 per cent down at Rs 1337.95 at 11:42AM (IST) on Monday, even as BSE benchmark Sensex dropped 203.57 points to 71391.92. The stock had closed at Rs 1346.55 in the previous session. The stock quoted a 52-week high price of Rs 1471.75 and 52-week low of Rs 1128.1, respectively. As per BSE data, total traded volume on the counter till 11:42AM (IST) stood at 2386 shares with a turnover of Rs 0.32 crore.

Zomato shares extended their gains to 10% in two sessions and hit a fresh 52-week high of Rs 156.70 on the NSE on Monday on the back of strong December quarter earnings that were much higher than the Street's estimates. Strong investors' interest in the multibagger stock followed in yet another session with more than 5.61 crore shares changing hands on the NSE around 10:20 am. The stock is currently trading above its 50-day and 200-day simple moving averages (SMA's) and the two-day rally has further dragged the stock into the overbought zone. Day's MFI according to Trendlyne stands around 81. Meanwhile, RSI is hovering near the 70 mark. A number above 70 is considered as overbought.

Net loss came at Rs 5.3 crore in the December quarter of FY24 against Rs 39 crore profit in the year-ago period. Meanwhile, on a sequential basis, net loss narrowed from Rs 19.07 crore in the preceding September 2023 quarter.

Indian Railway Finance Corporation (IRFC) plunged over 10% to Rs 137 in Monday's trade on BSE after the firm reported a 1.7% year-on-year (YoY) decline in its net profit to Rs 1,604 crore in the December quarter of FY24. The company had reported a net profit of Rs 1,633 crore in Q3 FY23. Its revenue from operations, however, rose 8.43% to Rs 6,742 crore in Q3 FY24 as against Rs 6,218 crore in the corresponding period last fiscal.

BSE Sensex surged by 167 points to reach 71,595, while the Nifty 50 climbed by 64 points to hit 21,783. This movement was accompanied by the formation of a bullish candlestick pattern with a lower shadow on the daily charts, suggesting a strong buying interest at lower levels. Additionally, the index maintained its position above the 21-day EMA (exponential moving average) at 21,670, which could act as immediate support for the index.

F&O ban list: A total of 12 stocks have been put under the ban for trade on Monday, February 12, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

₹6,263 per gram, according to the Reserve Bank of India (RBI). The Scheme will be open for subscription until 16 February. The Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 12–16, 2024.

Buy or sell stocks for today: After witnessing a sharp sell-off on Thursday, the Indian stock market shifted into a sustainable upside bounce from the lows and closed higher on Friday. The Nifty 50 index gained 64 points and closed at the 21,782 level, the BSE Sensex went up 167 points and closed at the 71,595 mark while the Nifty Bank index shot up 622 points and finished at the 45,634 level.

Sensex climbed 167 points to settle at 71,595 and the broader Nifty rose 64 points to 21,782. Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95% on Friday.

Oil prices fell in early Asian trade on Monday after Israel said it had «concluded» a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

National Company Law Tribunal (NCLT) has dismissed a petition filed by Ashdan Properties against Chemhub Tradelink's committee of creditors-approved resolution plan for Pancard Clubs. Ashdan was one of the three bidders interested in acquiring the bankrupt Pancard, which develops and operates hotels and resorts. Pancard Clubs has more than 1.5 million timeshare subscribers, who are classified as financial creditors. In its ruling, dismissing Ashdan's appeal, the court said around 23% of the financial creditors participated in the voting process, with a clear majority of 19.38% voting in favour of the resolution plan proposed by Chemhub Tradelink. The tribunal recommended that the Insolvency & Bankruptcy Board of India (IBBI) use Pancard as a case study to form guidelines for instances where a single insolvency professional acts as the authorised representative of a large number of financial creditors.

Sectorally, buying was seen in the bank, consumer durables, healthcare, and FMCG stocks while selling was seen in infrastructure, oil & gas, public sector, and metal stocks.

During the event, when asked about her recent interest in investing in startups, Namita Thapar said, “So my father is a first-gen entrepreneur, and we run Emcure Pharmaceuticals. We're going to go public in 3 months so watch out for that big IPO."

Elon Musk's brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada.

With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where they want to sock away their savings to get a lift on their tax returns.

Delhi government has come up with a draft policy aiming to decongest the city by setting up a network of freight villages and micro-delivery hubs and relocating logistics infrastructure to the periphery of the national capital, officials said on Saturday. Around 1.93 lakh vehicles enter Delhi and leave the city every day. Out of these, about 79 per cent vehicles have business inside the city like unloading of goods and carrying finished products and commodities to various parts of the country. It is estimated that the goods vehicle traffic will increase to about 5.13 lakh trucks by 2042 in the city, according to the policy document. The 'City Logistics Policy' draft has been put in public domain by the Industries department for having feedback of stakeholders like transporters, logistics agencies, traders and industry before finalising and notifying the policy, officials said.

Samyukt Kisan Morcha on Saturday welcomed the conferring of Bharat Ratna on Chaudhary Charan Singh and MS Swaminathan but termed it an attempt to divert people's attention from government's failure to provide Minimum Support Price for crops as suggested by the Swaminathan committee. In a statement, the SKM also said Singh and Swaminathan will remain alive in people's memory for their contribution to farmers even without a Bharat Ratna and «denounced» Prime Minister Narendra Modi for failing to solve the crisis of farmers of India. «SKM welcomes BJP government's late recognition of Chaudhary Charan Singh and due recognition of Dr. MS Swaminathan for their contribution to agriculture and farmers in conferring Bharat Ratna on them. While Chaudhary Charan Singh had a role in implementation of Zamindari Abolition in UP leading to ownership rights for peasantry, as the Chairman of the National Farmers' Commission, Dr. MS Swaminathan made recommendations for income guarantee to farmers,» the SKM said in a statement. «However, the Modi government is honouring and decorating the leaders only to cheat the farmers and people. The PM has neither honesty nor sincerity and indulged in a poor vote catching gimmick intended to worsen farmers' misery and use tokenism to camouflage his services to big corporate forces associated with foreign companies in farming,» it said.

Amit Shah on Saturday said it is very unfortunate that there is a debate on the caste of Prime Minister Narendra Modi and alleged that Congress leader Rahul Gandhi has a habit of telling lies publicly and repeating those thereafter. Shah also said it was a Congress government in Gujarat that included Modi's caste in the list of Other Backward Classes (OBC) in 1994 and the Centre included the prime minister's caste in its OBC list in 2000. «Modi's caste was listed in Gujarat as OBC on July 25, 1994. At that time, the chief minister of Gujarat was Chhabildas Mehta and the party in power was the Congress. Till that time, Modi had not contested a single election. He used to work for the organisation only. The question of his caste did not come at all. »Subsequently, the Gujarat government recommended for the inclusion of his caste in the central OBC list. It was finally included in the central OBC list in 2000. At that time also, Modi was not in a position of power — not an MP, not an MLA nor even a sarpanch. He became the chief minister in 2001. These people have a habit of distorting facts," Shah said at the ET NOW Global Business Summit 2024 here.

“Public sector enterprises (PSEs) have performed well in this market rally, there could be some froth in that space, further a lot of SME stocks are also skyrocketing, and therefore a caution is advised in that space as well,” says Rakesh Pujara, Founder and Managing Partner at Compounding Wealth Advisors LLP. In an interview with ETMarkets, Pujara said: “The beauty of bubble is to ride it and one must have some rule-based framework to get a timely exit from the hope trade,” Edited excerpts: