{"id":37576,"date":"2024-02-16T09:01:49","date_gmt":"2024-02-16T03:31:49","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=37576"},"modified":"2024-02-16T09:05:27","modified_gmt":"2024-02-16T03:35:27","slug":"gift-nifty-indicates-a-positive-start-for-the-indian-indices-us-markets-closed-higher-following-the-retail-sales-data-decline-asian-markets-traded-higher-tracking-the-overnight-gains-on-wall-street","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-positive-start-for-the-indian-indices-us-markets-closed-higher-following-the-retail-sales-data-decline-asian-markets-traded-higher-tracking-the-overnight-gains-on-wall-street\/","title":{"rendered":"Gift Nifty indicates a positive start for the Indian Indices; US markets closed Higher following the retail sales data decline; Asian markets traded higher tracking the overnight gains on Wall Street"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"37576\" class=\"elementor elementor-37576\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c46ff27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c46ff27\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67f739dc\" data-id=\"67f739dc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e01a827 elementor-widget elementor-widget-text-editor\" data-id=\"e01a827\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>POST-MARKET REPORT<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The domestic equity indices, Nifty 50 and Sensex are likely to open on a positive note today amid tracking gains in global markets. Also, Gift Nifty is trading above the previous close indicating a mildly positive start for the Indian stock market indices.<\/span><\/p><p><span style=\"color: #000000;\">US stock market indices ended higher on Thursday after retail sales data declined more than expected, raising hopes that the Fed will soon start cutting interest rates.<\/span><\/p><p><span style=\"color: #000000;\">The Dow Jones Industrial Average rallied 350.07 points or 0.91%, while the S&amp;P 500 rose 29.05 points or 0.58%. The Nasdaq Composite ended 47.03 points or 0.30% higher.<\/span><\/p><p><span style=\"color: #000000;\">Asian markets traded higher with Japan\u2019s Nikkei jumping to a fresh 34-year high, tracking overnight gains on Wall Street.<\/span><br \/><span style=\"color: #000000;\">Japan\u2019s Nikkei jumped 1.6%, while Topix rallied 1.1%. South Korea\u2019s Kospi rose 0.84% and Hong Kong\u2019s Hang Seng index futures indicated a stronger opening.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45a6d0ff elementor-widget elementor-widget-text-editor\" data-id=\"45a6d0ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>STOCKS TODAY<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><strong>Axis Bank:<\/strong> The private sector lender has issued a clarification on the transaction of shares with Max Life Insurance Company after the filing of a public interest writ petition by Subramanian Swamy against Union of India, Axis Bank, Axis Securities Limited, Axis Capital, and others before the High Court of Delhi. The bank said it has obtained all necessary regulatory approvals in connection with these transactions and would take the required steps to defend the bank against any unfounded allegations. The bank believes that there is no material impact from the allegations being made against Axis Bank in connection with the said transactions.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Yes Bank:<\/strong> CA Basque Investments, the special purpose vehicle controlled by the affiliates of Carlyle Group Inc., sold 39 crore equity shares (which is equivalent to 1.35 percent of paid-up equity) of the bank via open market transactions. These shares were sold at an average price of Rs 27.10 per share and were worth Rs 1,056.9 crore. However, Morgan Stanley Asia (Singapore) Pte. Ltd. bought 30.63 crore equity shares (1.06 percent stake) at the same price, valued at Rs 830.09 crore.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Bharat Petroleum Corporation:<\/strong> The green hydrogen project is a pilot project for gaining experience in handling hydrogen for the automobile sector with an estimated capital investment of approximately Rs 25 crore. The project is planned in collaboration with Cochin International Airport (CIAL). Discussions were held with officials of CIAL, and a Memorandum of Understanding (MOU) was signed on February 14.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Dilip Buildcon:<\/strong> The infrastructure company, through a joint venture (Vijay Kumar Mishra Construction-Dilip Buildcon), has been declared the L-1 bidder for the tender floated by the water resources department in Madhya Pradesh. The joint venture company will construct the Machhrewa irrigation project dam and pressurized pipe irrigation network on a turnkey basis for Rs 412.92 crore.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Medplus Health Services:<\/strong> The company&#8217;s subsidiary has received a suspension order of drug license for 15 days from the Food and Drug Administration (FDA), Thane, for its store at Khopat, Thane. The company said there is no major financial impact from this order, and it is taking corrective action in this regard.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Newgen Software Technologies:<\/strong> The company has entered into an addendum to the earlier engagement with the same top-tier global management consulting firm by adding further scope of work to build a phase for a growth transformation across the key geographies. The aggregate value of the engagement is $1.55 million. The work order will be completed within FY 2024\u201325.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Sudarshan Chemical Industries:<\/strong> HDFC Mutual Fund has bought 17,75,551 equity shares (which is equivalent to 2.56 percent of paid-up equity) in the chemical company at an average price of Rs 513.99 per share, valued at Rs 91.26 crore. However, promoters Nisha Ajay Rathi sold 4,00,404 equity shares at an average price of Rs 514 per share, and Ajay Balkrishna Rathi offloaded 14 lakh shares at an average price of Rs 514.18 per share.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Vedanta:<\/strong> Promoter entity Finsider International Company has sold 6,55,18,600 equity shares in the mining company via open market transactions. These shares were sold at an average price of Rs 265.14 per share and were worth Rs 1,737.16 crore.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d1021b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d1021b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d40c0a\" data-id=\"6d40c0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-99cb3ec elementor-align-center elementor-widget elementor-widget-button\" data-id=\"99cb3ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/flattrade.in\/open-trading-account-new?utm_source=Google&#038;utm_medium=cpc&#038;utm_campaign=Demat+Account&#038;utm_content=Sitelink&#038;gad_source=1&#038;gclid=CjwKCAiAibeuBhAAEiwAiXBoJOxqC930iY7l3H-v8_T8NDThnAYrAbLjBuxNLqjT1dLHLoWoH_LtLxoCH_0QAvD_BwE\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"POST-MARKET REPORT The domestic equity indices, Nifty 50 and Sensex are likely to open on a positive note&hellip;","protected":false},"author":5,"featured_media":36941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,48,693,47,23],"class_list":{"0":"post-37576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-pre-market","11":"tag-sensex-today","12":"tag-stock-market","13":"cs-entry","14":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gift Nifty indicates a positive start for the Indian Indices; 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