Stock Market HIGHLIGHTS: Sensex ends 599 pts below days high, Nifty gives up 17,850 as market extends losses to 2nd day
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a volatile session in the red on Monday, extending losses to a second back-to-back trading day, amid losses in financial, oil & gas and FMCG shares though gains in IT stocks lent some support. Global markets saw mixed moves ahead of the release of minutes of the Feds last meeting that could offer more clarity on the trajectory of hikes in benchmark interest rates.
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 finished a volatile session in the red on Monday, extending losses to a second back-to-back trading day, amid losses in financial, oil & gas and FMCG shares though gains in IT stocks lent some support. Global markets saw mixed moves ahead of the release of minutes of the Fed's last meeting that could offer more clarity on the trajectory of hikes in benchmark interest rates.
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Stock Market Update | Sensex ends 311 pts lower at 60,692, Nifty50 slides below 17,850
Both headline indices finish the day half a per cent lower. The Sensex closes with a loss of 311 pts at 60,691.5, having gyrated in a range of 683.2 points around the flatline, and the Nifty50 settles at 17,844.6, down 99.6 pts from its previous close.
Here's how the gauges moved through the day:
Sensex
Stock Market Tips LIVE | Nirav Chheda recommends buying Aarti Industries shares
Nirav Chheda of Nirmal Bang Securities suggests buying Aarti Industries shares for a target of Rs 580 with a stop loss at Rs 525.
Aarti Industries shares have lost about 30 per cent of their value in the past six months, a period in which the Nifty50 index has risen two per cent.
Stock Market LIVE Today | Tata Motors to supply 25,000 XPREST electric vehicle units to Uber, reports Bloomberg
Tata Motors will supply 25,000 XPREST electric vehicle units to Uber in one of the largest deals in the green mobility space till date, according to a report by news agency Bloomberg.
Stock Market Tips LIVE | Astha Jain suggests buying Sanghvi Movers, Tata Communications
Astha Jain of Hem Securities shares two stock picks:
- Buy Sanghvi Movers at Rs 365 for targets of Rs 400 and Rs 403 with a stop loss at Rs 330
- Buy Tata Communications for targets of Rs 1,265-1,280 with a stop loss at Rs 1,230
Stock Market LIVE Update | HDFC twins, ICICI Bank, Cipla, Reliance top drags on Nifty50
On the other hand, gains in stocks such as Infosys and Bharti Airtel prevented lower levels in the 50-scrip index. Here's what the 50-scrip heatmap looks like:
Stock Market LIVE Today | Sensex, Nifty50 at day's lows dragged by financial stocks
Both headline indices dive into the red amid worsening selling pressure in financial shares such as heavyweights ICICI Bank and the HDFC twins. The Sensex dips to as low as 60,849.3, 440.9 points below the strongest level of the day.
The Nifty50 slips to as low as 17,886.5, having tested the 18,000 mark earlier in the day.
Stock Market LIVE Today | Coforge shares rise after IT firm launches Cloud-based platform for logistics space
Coforge shares strengthen by Rs 80.7 or 1.9 per cent to touch Rs 4,284.7 apiece at the strongest level of the day so far.
Stock Market Tips LIVE | Buy Pidilite, Nifty Bank 40,800 put option, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers shares two recommendations with Zee Business viewers:
- Buy Pidilite for a target of Rs 2,520 with a stop loss at Rs 2,220
- Buy the 40,800 put option of Nifty Bank around Rs 190 for a target of Rs 400 with a stop loss at 80
Stock Market Tips LIVE | Arpit Beriwal recommends buying Infosys, TVS Motor shares
Arpit Beriwal of Motilal Oswal Financial Services shares two stock picks:
- Buy Infosys for a target of Rs 1,650 with a stop loss at Rs 1,560
- Buy TVS Motor Company for a target of Rs 1,180 with a stop loss at Rs 1,095
He also suggests buying Nifty50 futures for a target of 18,081 with a stop loss at 17,800.
Stock Market Tips LIVE | Sneha Seth recommends buying Sona Blw Precision, NTPC shares
Sneha Seth of Angel One shares two stock picks with Zee Business viewers:
- Buy Sona Blw Precision Forgings (SONACOMS) shares for a target of Rs 492 with a stop loss at Rs 462
- Buy NTPC for a target of Rs 173 with a stop loss at Rs 167
Stock Market LIVE Today | Cipla shares take a beating after US FDA observations on drug maker's Pitampur facility
The Cipla stock falls by as much as Rs 69.6 or 6.8 per cent to Rs 956.2 apiece on BSE.
Stock Market LIVE Today | Nifty50 tests 18,000 as market gathers steam
The Nifty50 climbs to as high as 18,004.4, up 60.2 points or 0.3 per cent from its previous close. The Sensex rises as much as 287.6 points or 0.5 per cent to 61,290.2.
Here's how the headline indices' intraday charts are building up:
Sensex
Nifty50
Stock Market LIVE Today | NMDC Steel listing in line with Zee Business estimates
According to Zee Business research, NMDC Steel was expected to list around Rs 27-31 apiece.
Stock Market LIVE Today | NMDC Steel makes strong market debut
NMDC Steel (NSLNISP) shares touch the upper circuit at Rs 31.8 apiece on BSE, seconds after making a strong debut in the secondary market at Rs 30.3 apiece.
Stock Market LIVE Today | Tech Mahindra, HCL Tech, PowerGrid, Bharti Airtel rise most among 22 Sensex gainers
Stock Market LIVE Today | Sensex rises over 100 pts, Nifty50 firm above 17,950
The Sensex rises as much as 140 points or 0.2 per cent to 61,142.6 in the first few minutes of trade, and the Nifty50 climbs to as high as 17,970.7, up 26.5 points or 0.1 per cent from its previous close.
Stock Market LIVE Today | Sensex up over 100 pts in pre-opening session, Nifty50 above 17,950
Both headline indices inch higher in the pre-opening session. The Sensex rises 110.3 points to 61,112.8 and the Nifty50 settles at 17,965.6, up 21.4 points from its previous close.
Stock Market Tips LIVE | Buy, sell or hold strategy on TCS, Cipla, Hindalco, Asian Paints, Patanjali, 15 other stocks today
In today's instalment of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track. Check out which stocks are on analysts Varun Dubey and Kushal Gupta's radar.
- Varun Dubey recommends buying Berger Paints futures for a target of Rs 583 with a stop loss at Rs 563
- Kushal Gupta suggests selling Hindalco futures for a target of Rs 418 with a stop loss at Rs 436
Anil Singhvi Market Strategy | Support for Nifty50 at 17,800-17,850 levels
Zee Business Managing Editor Anil Singhvi expects a strong buy zone for the Nifty50 benchmark in the 17,725-17,775 band.
For the Nifty Bank, he sees support coming in at 40,750-40,900 levels, and a strong buy zone in the 40,525-40,675 area.
Read more on how Anil Singhvi views the market today and what he recommends
S&P 500, Nasdaq Composite finished lower on Friday as Wall Street headed into a long weekend
The S&P 500 ended lower on Friday, amid weakness in Microsoft and Nvidia, as investors worried that inflation and a strong US economy could put the Fed on pace for more interest rate hikes. The see-saw session on Wall Street followed economic data last week that pointed to elevated inflation, a tight job market and resilience in consumer spending, giving the Fed more room for to raise borrowing costs.
- S&P 500: down 0.3 per cent
- Nasdaq Composite: down 0.6 per cent
- Dow Jones Industrial Average: up 0.4 per cent
Stock Market LIVE Today | Asian shares off to a mixed start on Monday amid unease over Fed, BoJ policy
Equities in other Asian markets make a mixed start today as a US holiday on Monday makes for slow trading ahead of minutes of the last Fed meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan is up half a per cent.
Here's what some of the major indices in the region look like at this hour:
- Japan's Nikkei 225: flat
- China's Shanghai Composite: up 0.8 per cent
- Hong Kong's Hang Seng: up 0.1 per cent
- Singapore's Straits Times: down 0.4 per cent
- South Korea's KOSPI: up 0.4 per cent
Investors are anxiously awaiting Friday's testimony from the newly nominated head of the Bank of Japan, and his thinking on the future of yield curve control (YCC) and super-easy policy. Geopolitical tensions are ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion.
Sensex finished 317 pts lower on Friday, Nifty50 gave up 17,950 as market halted three-day winning run
Indian equity benchmarks Sensex and Nifty50 finished the last session of the last trading week lower amid weak signals from global markets as US inflation data brought back fears about a prolonged period of aggressive hikes in benchmark interest rates.
Both headline indices ended the day about half a per cent per cent lower, with the Sensex sheding 316.9 points to 61,002.6 and the Nifty50 settling at 17,944.2, down 91.7 points from its previous close.
Here's how both the gauges moved through the day:
Sensex
Stock Market LIVE Today | SGX Nifty futures rise over 50 pts, suggest a positive opening ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 — rise as much as 56.5 points or 0.3 per cent to 17,993.5 ahead of the opening bell on Dalal Street.
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