Stock Market LIVE: Sensex, Nifty likely to open lower today 
Stock Market LIVE: Sensex, Nifty likely to open lower today Good morning! The Indian equity market extended gains a day after Finance Minister Nirmala Sitharaman presented her fourth consecutive Union Budget.
Positive global cues also helped the indices end higher for the third consecutive session. Sensex ended 695 points higher at 59,558 and Nifty rose 203 points to 17,780.
Here's a look at the latest updates of the market action on BSE and NSE today.
12:05 pm: Market check
The benchmark indices were trading sharply lower amid mixed global cues. The 30-share BSE index was trading 436 points lower at 59,122.13, and the broader NSE Nifty was down 138 points to 17,641.45.
Maruti Suzuki was the top gainer in the Sensex pack, advancing over 2 per cent, followed by Asian Paints, Titan, ITC and Axis Bank.
HDFC and L&T were among the top losers.
11:30 am: Vedant Fashions IPO to hit tomorrow
The initial public offering (IPO) of Vedant Fashions, owner of ethnic wear brand Manyavar, will hit the primary market on February 4, Friday. For the Rs 3,150-crore public offer, the company has fixed a price band of Rs 824 to Rs 866 per share. The issue will close on February 8. The IPO will be entirely an offer for sale (OFS) of 3.63 crore equity shares by existing shareholders of the company.
At present, shares of the company are available at a premium of Rs 50 in the unlisted market against the upper price band, according to IPO Watch. Below are the key things you should know before subscribing the issue.
11:00 am: MapmyIndia in focus
Digital maps company CE Infosystem, which operates under the MapmyIndia brand, on Wednesday said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.
MapmyIndia expects the acquisition to support its business opportunity in the area of navigation, it said in a regulatory filing.
According to the filing, the company requires no government approval for the acquisition and expects the transaction to be completed in a month.
10:40 am: Adani Wilmar IPO share allotment today
Adani Wilmar is likely to finalise its IPO share allotment on Thursday. Earlier, the public offer of the company was subscribed 17.37 times on the final day of subscription on January 31.
The three-day IPO received bids for 212.87 crore shares against 12.25 crore shares offered by the company. The equity shares of the company will be listed on NSE and BSE.
9:50 am: Jubilant Foodworks shares tank 6%
Shares of Jubilant Foodworks tanked 6 per cent after the company posted its earnings for the quarter ended December 2021.
Jubilant Foodworks Ltd (JBL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, reported a 9.8 per cent year-on-year (YoY) rise in net profit at Rs 137.3 crore.
The company's revenue from operations grew 12.9 per cent to Rs 1,193.5 crore on the back of an improved recovery in dine-in channel, which was well supported by continued strong momentum in the delivery channel.
9:16 am: Market opening
The benchmark indices opened flat amid mixed global cues. At 09:16 hours, the 30-share BSE index was trading 30 points lower at 59,528.16, and the broader NSE Nifty was down 13 points to 17,766.45.
Titan was the top gainer in the Sensex pack, advancing over 2 per cent, followed by Maruti Suzuki, Asian Paints, NTPC and Reliance Industries.
Tata Steel and Tech Mahindra were among the top losers.
8:55 am: Pre-market comment by Mohit Nigam, Head - PMS, Hem Securities
Benchmark Indices are expected to open on a flat to negative note as suggested by trends on SGX Nifty. US stock markets closed higher on Wednesday, NASDAQ added 71 points followed by upbeat earning from Google parent Alphabet.
European Indices also closed positive on Wednesday. Asian markets were showing mix cues in the early trade as there is some concerns about global growth and geopolitical tensions. Nikkei down 1%, and Kospi trading +1.0% higher . Oil prices rises on Wednesday after OPEC+ stick to their plans for moderate output increases.
Results for today: ITC, Titan, Gail, lupin, AB Capital, Adani power, Godrej properties, HCC, Jk Tyre, PI Industries, Torrent Power, Radico Khaitan, Welspun India etc
On the technical front, 17,680 and 17,900 are immediate support and resistance in Nifty 50. For Bank Nifty 38,700 and 39,900 are immediate support and resistance respectively.
8:45 am: Global Updates
All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.
The Dow Jones Industrial Average rose 224.09 points, or 0.63 percent, to 35,629.33, the S&P 500 gained 42.84 points, or 0.94 percent, to 4,589.38 and the Nasdaq Composite added 71.54 points, or 0.5 percent, to 14,417.55.
In Asia, the Nikkei Weighted index was down 1.11 per cent and Hang Seng was trading 1.07 per cent higher. Shanghai Composite was down 0.97 per cent.
8:40 am: Rupee pares initial gains to settle flat at 74.83
The rupee pared its initial gains to settle on a flat note at 74.83 (provisional) against the U.S. dollar on February 2, even as the domestic equities closed on a positive note.
Forex traders said higher-than-expected borrowing in the next financial year and weak fiscal deficit projections from the government weighed on investor sentiments.
8:35 am: FII and DII action
Foreign institutional investors (FIIs) sold shares worth Rs 183.60 crore on February 2, and domestic institutional investors (DIIs) bought shares worth Rs 425.96 crore, as per provisional data available on NSE.
8:30 am: SGX Nifty
The Indian equity market is likely to open on a negative note as SGX Nifty was down 65 points at 17,789.20 at 8:30 am.
Singapore Nifty (SGX Nifty) is the Indian Nifty index that is traded in the Singapore Stock Exchange and is considered to be the first indication of the opening of the Indian market.
8:15 am: Market on Wednesday
The Indian equity market extended gains a day after Finance Minister Nirmala Sitharaman presented her fourth consecutive Union Budget. Positive global cues also helped the indices end higher for the third consecutive session. Sensex ended 695 points higher at 59,558 and Nifty rose 203 points to 17,780.
IndusInd Bank, Bajaj Finserv, HCL Tech were the top Sensex gainers, rising up to 5.57%. TechM , Nestle, Ultratech Cement, and Maruti were among the top Sensex losers, falling up to 1.61%.
Of 30 Sensex stocks, 21 ended higher.
Market cap of BSE-listed firms rose to Rs 270.68 lakh crore.
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