Sensex, Nifty LIVE Updates on February 15: Share market indices traded near record highs on Monday, tracking positive cues from global equities. Sensex gained 600 points higher at 52,144 and Nifty added 157 points to 15,320. Today, Sensex hit a record high of 52,177 and Nifty hit a lifetime high of 15,326. Meanwhile, quarterly earnings announcements by Jet Airways, Alora Trading Company, Advance Syntex, CDG Petchem, Emmsons International, Eureka Industries, Hawa Engineers, Hindustan Everest Tools will also set the tone for the stock market today. Last Friday, Sensex ended 12 points higher at 51,544 and Nifty fell 10 points to 15,163.
Here’s a look at the LIVE updates of the market action on BSE and NSE today
1. 50 PM: Motherson Sumi surges 23% in two days
Shares of Motherson Sumi Systems hit a fresh 52-week high of Rs 221, surging 23% in the past two trading days. On Monday, the company reported 15% YoY rise in its revenue of Rs 17,923 crore in Q3FY21. The company’s profit after tax (PAT) more-than-doubled to Rs 798 crore from Rs 271 crore.
1. 40 PM:Deepak Nitrite hits new high
Deepak Nitrite shares hit a new 52 week and all time high of Rs.1240 today. The stock gained 11% after company’s revenues grew 9% to Rs 1,240 crore in Q3FY21, and its profit after tax (PAT) was higher by 38% YoY at Rs 217 crore. Its Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 25% year on year (YoY) at Rs 340 crore in the December quarter.
1. 35 PM: Brent reaches $63.52 per barrel
Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns will buoy fuel demand provided support.
Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 0428 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
US West Texas Intermediate (WTI) crude futures gained $1.28, or 2.2%, to $60.75 a barrel. It touched the highest since Jan. 8 last year of $60.95 earlier in the session.
Oil prices gained around 5% last week.
1. 25 PM: Nureca IPO outlook
Choice Broking said in ite note today,”There are no listed entities in India that are engaged in business similar to Nureca. At the higher price band of Rs. 400 per share, the company’s share is valued at a FY20 P/E multiple of 62.5x (to its restated EPS of Rs. 6.4.”
1. 17 PM: RailTel grey market premium rises to 50% ahead of IPO
The public offer Mini-Ratna category company, RailTel Corporation of India opens for subscription on February 16. The issue, which closes on February 18, will have a price band of Rs 93-94 per share.
The grey market premium (GMP) of RailTel was trading at Rs 141 in the grey market, at a premium of Rs 47-50% over the price band of Rs 94.
Earlier on February 11, the price traded at a premium of Rs 10-15 in the grey market. On February…
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