Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking

Local equities have seen healthy inflows since the announcement of the budget, which has supported the rupee at a time when U.S. yields and crude oil prices are inching higher. We believe the domestic currency has scope to rise towards 72.20 in the near term on the back of the flows and continuation of accommodative monetary policy stance of the US Fed. However, if the Brent contract inches towards $70 per barrel mark, it will begin to hurt the rupee. We expect the rupee to trade in the 72.30 to 73.20 band in the near term.

Feb 18, 2021 4:43 PM

Ajit Mishra, VP - Research, Religare Broking

Markets inched further lower and lost over half a percent, in continuation to the prevailing corrective phase. After a flat opening, the benchmark indices witnessed a gradual fall, led by selling pressure in sectors such as auto and banks and settled around the day’s low. Amongst the sectoral indices, a mixed trend was witnessed wherein power, oil and gas and metals were the top gainers. We may see further consolidation in markets, in absence of any major trigger. Meanwhile, the focus should be on position management. Nifty has the next major support around the 14,850-14,950 zone.

Feb 18, 2021 4:42 PM

Manish Shah, Founder, Niftytriggers.com

Nifty has a support level at 15,000-14,950 and this is the zone from where there could be buying coming in the index. On the upside, Nifty has a short term resistance at 15,250. A break above 15,250-15,275 zone would mean a signal that Nifty has resumed its primary trend. On the way up expect the index to rally towards 155,00-15,560. We would not be selling short in these conditions but would willfully be on a lookout for buying opportunities.

Feb 18, 2021 4:18 PM

Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services

This was a truncated week, and USDINR spot remained quiet, waiting for more cues. The focus will return to prospects of US stimulus and its impact on US yields. The rising yields are putting positive pressure on dollar index and in turn on USDINR spot, but the uptrend will be limited as traders need more proof that the US economy is getting in a better conditions. While, the optimism over additional stimulus will keep the spot below the psychological level of 73 zone. However, RBI intervention will be eyed. We expect the trading range to be in between 72.40-73.

Feb 18, 2021 4:10 PM

Feb 18, 2021 4:09 PM

Feb 18, 2021 4:09 PM

Feb 18, 2021 4:00 PM

Here are key stocks that moved the most on February 18

The Sensex ended 379 points lower at 51,324 while the Nifty fell 90 points to settle at 15,119.Get latest Market online at cnbctv18.com

Feb 18, 2021 3:44 PM

Market At Close

- Sensex & Nifty End Lower For 3rd Straight Day; Midcap Index Post Record Close

- Financials Underperform With Nifty Bank Falling Nearly 1%

- Midcaps Relatively Outperform With The Index Gaining 0.5%

- Nifty Slips 90 Points To 15,119 & Sensex 379 Points To 51,325

- Nifty Bank Drops 324 Pts To 36,587 While Midcap Index Rises 111 Pts To 23,499

- PSUs Amongst Top Gainers With Many Stocks Hitting Upper Circuit

- Nifty PSU Rises Over 4% & PSU Bank More Than 5% On Privatisation Rpts

- PM Modi’s Comment Of Brining Nat Gas Under GST Lifts GAIL & Other Gas Stocks

- GIC, New India Assurance, Central Bank, Punjab & Sind Bank Hit Upper Circuit

- All Five Top Nifty Gainers Are PSU Stocks (ONGC, GAIL, BPCL, IOC & NTPC)

- Financials & Autos Drag Nifty By 86 Points While IT Lend Support With 10 Pts

- Shilpa Medicare Slips 9% On Import Alert By US FDA For Telangana Unit

- Sterlite Tech Falls Over 4% As Optic Fibre Is Not Included In Telecom Pdt PLI

- Tejas Surges 10% While ITI Slips Nearly 5% After Cabinet Nod For Telecom Pdt PLI

- Market Breadth Favours Advances; Advance-Decline Ratio At 5:4

Feb 18, 2021 3:41 PM

Closing Bell | Indian equity indices ended lower on Thursday dragged by losses in the private banks, financial and auto stocks. The Sensex declined 379.14 points, or 0.73 percent to close at 51,324.69, while the Nifty ended at 15,118.95, down 89.95 points, or 0.59 percent. Broader markets outperformed the benchmarks as smallcap and midcap indices closed with decent gains.

Among sectors, Nifty Auto, Nifty Private Bank, Nifty FMCG, Nifty Realty and Nifty Media ended in the red, while Nifty PSU Bank rallied the most over 5 per cent followed by metals and IT indices with 1 percent gain each. On the Nifty50, Bajaj Finance, Mahindra & Mahindra, Tata Motors, Kotak Mahindra Bank and HDFC were the top losers, while ONGC, GAIL India, BPCL, NTPC and IOC were the top index gainers.

Feb 18, 2021 3:39 PM

Feb 18, 2021 3:24 PM

Zerodha: Jan sees record demat openings; Lot of interest from 20-30 yr age group, says CEO Nithin Kamath

With the equity market surging to record highs, there have also been record demat openings in January. Nithin Kamath, Founder and Chief Executive Officer of Zerodha said that there is a lot of interest coming in from the 20-30 year age group.

“There is a lot of interest and this is interest is coming from a lot of 20-30-year-olds. So while it might seem like a large number of accounts, this does not really bring in a lot of AUM as such. The majority of these people come and put in small amounts of money. So, it adds a lot of users, and India has the largest population of 20-30-year-olds in the world. So, yes, we have a big potential audience that can open trading in demat accounts in this age group,” he said in an interview with CNBC-TV18.

There is a lot of interest in direct and indirect mutual funds, Kamath added. Read here.

Feb 18, 2021 3:20 PM

SEBI eases listing rules for large IPOs, LIC to be biggest beneficiary of relaxation

The move by SEBI on Wednesday to ease the minimum offer and public holding norms will allow the government more time to abide by rules. As per the new norms now, for any company with a post-issue…

Feb 18, 2021 3:15 PM

We are at start of a fresh bull run in commodity market, says JP Morgan India's Pinakin Parekh

JPMorgan India’s Executive Director - Metal & Mining and Oil & Gas analyst Pinakin Parekh believes that we are at the start of a fresh bull run in the commodity market.

"The last one lasted for 12 years peaked at 2008 and for the last 12 years, we are in the downcycle," he said while sharing his views and outlook. “If you look at demand/supply dynamics, demand is recovering from post-pandemic levels but we are not seeing any big surge in demand. So, if it is a super cycle, we probably are at the very early days of it,” Parekh said.

He believes higher fiscal support and higher infrastructure spending globally would lead to higher commodity prices. Read here.

Feb 18, 2021 3:11 PM

Feb 18, 2021 3:00 PM

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