Share Market HIGHLIGHTS: Sensex ends volatile session 388 pts off days low, Nifty reclaims 18,300
Share Market HIGHLIGHTS: At close, the S&P BSE Sensex stood at 61,872.62, up 99 points, or 0.16 per cent while the NSEs Nifty ended at 18,321.15, up 36 points, or 0.20 per cent. Catch minute-by-minute updates of all the action in the Indian share market, market commentary, and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, and trade recommendations only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: The benchmark indices managed to end Thursday's session (May 25), which was also the last day of the F&O contracts of the May series, in the green on the back of buying in heavyweights such as ITC, Bharti Airtel, Kotak Mahindra Bank, and Infosys.
At close, the S&P BSE Sensex stood at 61,872.62, up 99 points, or 0.16 per cent while the NSE's Nifty ended at 18,321.15, up 36 points, or 0.20 per cent. On Sensex, Bharti Airtel (up 3 per cent) was the biggest gainer, followed by ITC (up nearly 2 per cent) and Kotak Mahindra Bank (up over 1 per cent). On the other hand, Wipro ended as the biggest laggard (down over 1 per cent). Tata Motors was the next biggest loser on the index.
In the broader market, the S&P BSE MidCap index ended at 26,584.54, up 0.36 per cent while the S&P BSE SmallCap index ended 0.27 per cent higher at 30,014.82 points.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market HIGHLIGHTS: Sensex ends volatile session 388 pts off day's low, Nifty reclaims 18,300
Nifty 50
NSE's Nifty ended at 18,321.15, up 36 points, or 0.20 per cent.
Source: NSE
Sensex
The S&P BSE Sensex stood at 61,872.62, up 99 points, or 0.16 per cent.
Source: BSE
Nifty LIVE | Bajaj Auto, Adani Enterprises, Bharti Airtel rise most in 50-scrip blue-chip basket; Hindalco, UPL, IndusInd Bank emerge as top losers
Bajaj Auto, Adani Enterprises, Bharti Airtel and ITC are among the top gainers in the Nifty basket, trading with gains of around 3- 2 per cent. On the other hand, Wipro, Tata Motors, IndusInd Bank and UPL are among the top losers, down nearly a per cent.
Source: NSE
Nifty Today LIVE | ITC, Bharti Airtel, Kotak Bank among top movers
ITC, Bharti Airtel, Kotak Bank and Infosys are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, HDFC twins, HUL, TCS and Tata Motors are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
IRFC shares down over 4% on Q4 announcement; declares dividend
Indian Railway Finance Corp Ltd, NSE: IRFC shares are down over 4 per cent post Q4 announcement. The stock quotes Rs 32.45, down by 4.14 per cent or Rs 1.4. IRFC's profit dropped from Rs 1,492 crore to Rs 1,330 crore logged in Q4FY2023 whereas the income increased from Rs 59,30 crore to Rs 6,240 crore a year ago.
IRFC announced a final dividend of Re 0.70 per equity share of a face value of Rs 10 each.
IEX reports fall in consolidated profit to 82.8 cr; trades flat
Indian Energy Exchange Ltd, NSE: IEX shares trade flat post-Q4 announcement. The counter quotes Rs 155.65, down by 0.064 per cent or Rs 0.10 NSE.
IEX reported a decline in consolidated profit declined to Rs 82.8 crore from Rs 88 crore logged in Q4FY2023. The company registered a decline in consolidated income to Rs 107 crore from Rs 112 crore registered in the year-ago period.
The company's operating profit declined to Rs 93 crore from Rs 95 crore a year ago. The company's margin — a key measure of profitability for a business is up from 84.7 per cent to 87 per cent a year ago. Besides, IEX announced a dividend of Rs 1 per equity share to its shareholders.
TTK Prestige reports decline in consolidated profit to Rs 59 crore; board declares 600% payout
TTK Prestige reports a decline in consolidated profit to Rs 59 crore from Rs 80 crore registered in the year-ago period. The kitchen appliances and cookware manufacturer company's consolidated income declines from Rs 697 crore to Rs 610 crore logged in Q4FY2023.
The company's operating profit declines from Rs 109 crore to Rs 80 crore and its margin — a key measure of profitability for a business — decreases to 13.14 per cent from 15.65 per cent a year ago. Post results, the stock quotes Rs 708, down by 2.28 per cent or Rs 16.55 on NSE. Read more on TTK Prestige dividend
Deepak Nitrite shares reverse gaining trend after Morgan Stanley turns sceptical on stock
Deepak Nitrite shares have reversed yesterday’s gaining momentum and have slipped more than 3 per cent during Thursday's session on the exchanges after Morgan Stanley turned sceptical on the speciality chemical firm’s plans to invest around Rs 5,000 crore in Gujarat projects. Read more
ITC hits yet another all-time high; is there more upside ahead?
ITC shares scale an all-time high on Thursday, continuing to rise for the third session in a row. The stock of the cigarettes-to-hotels conglomerate gained by Rs 9.1 or 2.1 per cent to Rs 442.5 apiece on BSE — its highest-ever intraday level so far. Read more on ITC shares
Source: BSE
Vodafone Idea likely to post weak set of numbers; commentary on 5G launch plan eyed; stock up 2%
Vodafone Idea (Vi) shares are up over 2 per cent on the bourses ahead of its March quarter results, due to be released later today. The counter quotes Rs 7.10, up 2.16 per cent or Rs 0.15 on NSE.
Analysts expect the telecom company to report a weak quarterly performance. According to Zee Business Research, Vodafone Idea's revenue is expected to decline by 0.7 per cent to Rs 10,550 crore against Rs 10,621 crore logged in Q3FY2023. Read more
Source: NSE
LIC shares surge after PSU insurance giant reports 5x jump in Q4 PAT, announces dividend
Life Insurance Corporation (LICI) shares surges on the bourses, a day after the state-run insurance behemoth posted a more than five-fold jump in consolidated net profit for the quarter ended March 2023. The counter quotes Rs 604.55, up by 1.79 per cent or Rs 10.65 on NSE. Read more on LIC shares
Share Market Today LIVE | Nazara Tech, Patanjali Foods, Tata Motors, Hindalco among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Dharmesh Kant and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Day. Read more
Share Market LIVE Updates: Cummins India shares turn red
Cummins India's shares were volatile during Thursday's session as stock entered in the red territory after gaining over 2 per cent to touch the day’s high level of Rs 1,631.2 per share on the BSE during Wednesday’s session. The stock surged in the early morning session on the back of good earnings for the March quarter of the financial year 2022-23 (Q4FY23). Read More
Share Market LIVE Updates: Hindalco shares extend fall
Hindalco Industries shares extended decline for the second day in a row amid weak Q4 results on a year-on-year basis. The stock, which was among the top Nifty losers, slipped 2 per cent to touch the day’s low of Rs 399 apiece on the BSE during Wednesday’s trading session.
Most brokerages are upbeat on Aditya Birla Group company stock after registering better-than-expected earnings for the March quarter of the financial year gone by. They see up to 30 per cent upside potential in Hindalco's share price.
Share Market LIVE Updates: Stock to buy – Nazara Tech
Zee Business panelist and market expert Rakesh Bansal has a high conviction on Nazara Technologies – a gaming company. He suggested to ‘buy’ Nazara shares for a target range of Rs 670-680 per share, with a stop loss of Rs 597 apiece.
Bansal had been negative on the stock since its listing, however, has turned positive mainly due to Nazara’s neat, clean, and clear U-turn on charts.
Share Market LIVE Updates: Anil Singhvi Strategy
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 18,175-18,225 levels on Thursday, May 25 — the last day of the monthly derivatives series, and a strong buy zone at 18,050-18,115 levels.
Share Market LIVE Updates: Brokerage view
On the back of Q4 earnings and corporate action, brokerages give their buy. sell or hold call on most stocks such as Hindalco, Nykaa, Tata Motors and Biocon among others on Thursday.
Share Market LIVE: Wall Street Update
US market was weak on debt ceiling concern as Dow closes at 250 points, lowest level in 2 months.
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