Sensex gains 300 pts, Nifty above 17800 in early trade on Tue, Feb 14; Adani Enterprises shares, Nykaa stock falls Indian equity indices opened in green on Tuesday amid mixed global cues. The Nifty 50 rose 52 pts or 0.29% to 17,822.90 and Sensex surged 306 pts or 0.51% to 60,738.38. The top gainers on Sensex were Infosys (up 1.52%), Mahindra & Mahindra (up 1.15%), TCS (up 1.09%), Tech Mahindra (up 1%) and Reliance Industries Ltd (up 0.92%) while Tata Motors (down 1.16%), IndusInd Bank (down 1.14%), Titan (down 0.90%), NTPC (down 0.57%) and State Bank of India (down 0.48%). Nykaa shares fell 4% to Rs 144.15 after FSN E-Commerce, the parent company of Nykaa, reported a 68% on-year fall in its net profit to Rs 9.2 crore for the third quarter of the current fiscal, as compared to Rs 29 crore in the year-ago period. The revenue from operations jumped 33% to Rs 1462 crore from Rs 1098 crore in the same period the previous year. On Monday ahead of the quarterly results, Nykaa shares closed 2.68% lower at Rs 150.55. Falguni Nayar’s company’s expenses jumped 36% on-year to Rs 1455 crore in the October-December quarter of the ongoing financial year as compared to Rs 1067 crore in the last year’s corresponding quarter. The sectoral indices were trading mixed. Bank Nifty rose 0.12%, Nifty IT surged 1.19%, Nifty Metal fell 0.14%, Nifty Pharma down 0.08%, Nifty PSU Bank down 0.36% and Nifty Realty down 1.48% while Oil & Gas down 0.40%. Asian markets were trading mixed in the early morning trade. China’s Shanghai Composite index fell 1.28 pts or 0.04% to 3,282.88, Hong Kong’s Hang Seng dropped 26.42 pts or 0.12% to 21,138.00, Japan’s Nikkei 225 rose 152.29 pts or 0.56% to 27,579.61 and South Korea’s KOSPI climbed 18.54 pts or 0.76% to 2,471.24. US stock indices concluded in green on Monday, ahead of CPI inflation data, which is scheduled to be published today. The Dow Jones Industrial Average rose 376.66 pts or 1.11% to 34,245.93, S&P 500 advanced 46.83 pts or 1.14% to 4,137.29 and Nasdaq climbed 173.67 pts or 1.48% to 11,891.79. Foreign institutional investors (FII) bought shares worth a net Rs 1322.39 crore while domestic institutional investors (DII) purchased shares worth a net Rs 521.69 crore on Monday, February 13, 2023, according to the data available on NSE. For the month till February 13, FIIs sold shares worth a net Rs 4,091.82 crore while DIIs bought shares worth a net Rs 6,974.74 crore. 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 Tuesday, 14 February. 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.