Sensex Rises 477 Points; Trading Resumes on NSE
Wed, 24 Feb Special Update | Monish Vora, TM Team

Share markets in India are presently trading on a positive note.

Nifty traded in the green at around 3:45 pm after trading resumed on the exchange.

Note that trading was halted on the NSE today due to technical glitch and market trading timing for both the exchanges - BSE and NSE - has been extended till 5 pm today.

At the time of writing, the BSE Sensex was trading up by 477 points. Meanwhile, the NSE Nifty was trading higher by 135 points.

Coal India and HDFC Bank are among the top gainers today.

GAIL, on the other hand, is among the top losers today.

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Gains are largely seen in the banking sector and finance sector.

IT stocks, on the other hand, are witnessing selling pressure.

Shares of Tata Steel and NALCO hit their 52-week highs today.

Talking about Indian stock markets, Rahul Shah, co-head of Research at Equitymaster, in his latest video talks about how one should invest in the current times.

One of the biggest uncertainties in an uncertain world is a huge stock market crash.

Should one make an attempt to predict it or is there any other blueprint that an investor needs to follow?

Rahul discusses these points in the video below. Tune in to find out more:

In other news, the initial public offering (IPO) of agrochemical manufacturer Heranba Industries was subscribed 1.65 times at the time of writing.

Watch Now: 3 Little-known Stocks We are Super Bullish On

The retail investors have put in bids 3.07 times against their reserved portion, while the portion set aside for non-institutional investors has been subscribed 55%, but the qualified institutional buyers have not put in their bids yet.

Tata Communications share price is in focus as the stock market regulator has granted an exemption to Pantone Finvest from complying with certain requirements of takeover norms with respect to the proposed direct acquisition in Tata Communications.

The exemption granted is subject to certain conditions and is limited to the requirements of making an open offer and pricing condition under the Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

The order came after Pantone filed an application with Sebi seeking exemption from the applicability of certain provisions of SAST norms.

More details to follow in the upcoming commentary. Stay tuned!

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

  

Stock Market Updates

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

Feb 24, 2021 12:22 PM

OMAXE share price is trading down by 6% and its current market price is Rs 72. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index are PRESTIGE ESTATES (up 1.9%) and DLF (up 1.9%). The top losers is OMAXE (down 5.8%)..

Feb 24, 2021 11:36 AM

LAKSHMI MACHINE share price is trading up by 5% and its current market price is Rs 6,910. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index is LAKSHMI MACHINE (up 5.3%). The top losers are SCHAEFFLER INDIA (down 0.5%) and V GUARD INDUSTRIES (down 0.6%).

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