Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates Wednesday 15 February

The BSE Sensex fell 205.27 points or 0.34% to 60,826.99 and NSE Nifty 50 dipped 57.90 pts or 0.32% to 17,871.95.

BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday, February 15. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

Stocks under ban today

“The Nifty opened on a positive note and continued to inch higher throughout the day to close around the highs for the day. It closed with gains of ~159 points. On the daily charts, we can observe that the Nifty has managed to close above the immediate hurdle zone of 17850 – 17900 which takes the bulls in a position of advantage. The hourly Bollinger bands have begun to expand indicating expansion in volatility and with prices trading along the upper band suggest that the positive momentum is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal. Thus both price and momentum indicators is suggesting further upside in the Index. On the upside, we expect the Nifty to test the upper end (18100) of the downward sloping channel from short term perspective.” – Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

“The Nifty index witnessed strong buying momentum from the lower level and it surpassed the hurdle of 17900 on a closing basis. The index remains in a buy mode as long as it holds the support of 17700 on the downside. The momentum oscillator are in the strong buying zone which confirms the strength.” – Rupak De, Senior Technical Analyst at LKP Securities.

“The Bank Nifty index managed to hold the support of 41000 where the huggers open interest is built up on the put side. The index has surpassed the immediate hurdle of 41500 which had the highest open interest build up on the call side. The index next hurdle is at 42000 and once surpassed will witness sharp short covering towards 43000-43500 levels.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

“USA reported its CPI number at 6.4% for the month of January which came in higher than the expected 6.2%. The inflation in the USA has been now declining for 8 months in a row but the pace of decline is not very encouraging. The core inflation also remains sticky at 5.6% vs 5.7% in previous months. The Fed in its latest meet had slowed the pace of rate hike to 25 bps but now with USA CPI inflation coming in higher than expected and the job market remaining strong, a stronger rate hike in the upcoming meet can’t be ruled out. Although the latest USA CPI print has not deteriorated but the sticky nature of it would keep the Fed and global central bankers on their toes.” – Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities.

The US markets concluded the overnight session mostly in red. The Dow Jones Industrial Average fell 156.66 pts or 0.46% to 34,089.27, S&P 500 dropped 1.16 pts or 0.03% to 4,136.13 while the tech-heavy Nasdaq closed 68.36 pts or 0.57% higher at 11,960.15.

Asian markets were trading lower in early morning trade with China’s Shanghai Composite index falling 8.63 pts or 0.26% to 3,284.65, Hong Kong’s Hang Seng dropped 346.41 pts or 1.64% to 20,767.06, Japan’s Nikkei 225 dipped 42.35 pts or 0.16% to 27,559.95 and South Korea’s KOSPI sank 23.55 pts or 0.96% to 2,442.09.