Indian equity indices were trading in the red territory in the early morning trade on Monday. The Nifty 50 fell 103.10 pts or 0.58% to 17,753.40 and Sensex dropped 329.69 pts or 0.54% to 60,353.01. The top gainers of Sensex were Titan (up 1.41%), Tata Steel (up 1.15%), Power Grid (up 0.56%), Larsen & Toubro (up 0.56%) and Bharti Airtel (up 0.51%) while State Bank of India (down 2.54%), Infosys (down 2.17%), Mahindra & Mahindra (down 1.77%), TCS (down 1.49%) and Tech Mahindra (down 1.22%).
Paytm shares recovered partly today after sinking 9% on Friday after the Chinese e-commerce giant Alibaba offloaded its entire holding in the online payments aggregator. Paytm shares rose 4.28% to Rs 678.00 on BSE in an otherwise negative market with Sensex and Nifty 50 falling half a percent. Alibaba offloaded 21,431,822 shares of Paytm’s parent One97 Communications in a bulk deal on Friday, translating to about a 3.4% equity stake.
Sectoral Indices
The sectoral indices were trading broadly lower. Bank Nifty fell 0.45%, Nifty Auto fell 0.88%, Nifty IT fell 1.84%, Nifty Pharma down 0.14%, Nifty PSU Bank down 1.94% and Nifty Realty down 0.49% while Nifty Metal rose 0.37%.
Asian and US stock markets
Asian markets were trading mostly in green in the early morning trade. Japan’s Nikkei 225 fell 316.17 or 1.41% to 27,354.81, Hong Kong’s Hang Seng dipped 220.98 pts or 1.04% to 20,969.44 and China’s Shanghai Composite index rose 12.66 pts or 0.39% to 3,273.33.
The US equity indices ended Friday’s session mixed. The Dow Jones Industrial Average rose 169.30 pts or 0.50 % to 33,869.27, S&P 500 rose 8.96 pts or 0.22% to 4,090.46 and Nasdaq fell 71.46 pts or 0.61% to 11,718.12.
FII and DII data
Foreign institutional investors (FII) bought shares worth a net Rs 1458.02 crore while domestic institutional investors (DII) sold shares worth a net Rs 291.34 crore on Friday, February 10, 2023, according to the data available on NSE. For the month till February 10, FIIs sold shares worth a net Rs 5,414.21 crore while DIIs bought shares worth a net Rs 6,453.05 crore.
NSE F&O Ban
Indiabulls Housing Finance and Ambuja Cements are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday, February 13. 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).