Share Market HIGHLIGHTS: Nifty ends below 19,550, Sensex settles 307 pts lower; Asian Paints, Kotak Bank, ITC among top blue-chip losers

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Share Market HIGHLIGHTS: Nifty slides below 19,550, Sensex settles 307 pts lower

Nifty 50

Nifty ends at 19,543.1, down 0.46 per cent or 89.45 points. 

Source: NSE

Sensex

Sensex settles 307 points, 0.47 per cent lower at 65,688.18 on Thursday.

Source: BSE

Share Market HIGHLIGHTS | Asian Paints, Kotak Bank, Britannia among the top losers in the Nifty basket

Asian Paints, Kotak Bank, Britannia and ITC are among the top losers in the Nifty basket, down around 3-1 per cent. On the other hand, Adani Enterprises, Adani Ports, IndusInd Bank and Titan are among the top gainers, trading with gains of around 2-1 per cent. 

Source: NSE

Share Market Today LIVE | ZEEL-Sony merger deal gets NCLT's approval; stock zooms 

The mega-merger deal between Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Network India (SPNI) receives the approval of the National Company Law Tribunal (NCLT) on Thursday, August 10. Notably, the NCLT dismissed all objections related to the deal. Post-announcement, Zee Entertainment shares zooms 15 per cent to trade at Rs 278.55 on the NSE.  Read more

Share Market Today LIVE | Granules India slumps 6% on weak Q1 result due to cyber attack impact

Pharmaceutical major Granules India drops over 6 per cent in trade on Thursday after the company reported poor financial numbers for the quarter ending June 30, 2023. Granules India posted a sharp decline in profit and revenue in the June quarter for FY 2023-24 while the numbers also missed street estimates. The company’s Q1FY24 performance was severely affected by a cyber security attack in May which impacted its IT assets and led to disruptions in its operations. Read more 

Pidilite Q1 Results | Fevicol maker clocks 31% jump in net profit, meets analysts' estimates

Pidilite Industries — a manufacturer of consumer and industrial specialty chemicals — reports a consolidated net profit of Rs 468 crore for the April-June period, in line with analysts' estimates. The quarterly net profit of the Mumbai-based company — whose popular brands include Fevicol, Dr Fixit and M-Seal — increases 30.7 per cent compared with the corresponding period a year ago. The company's revenue comes in at Rs 3,280 crore for the first quarter of the current financial year, as against Rs 3,101 crore for the year-ago period, according to a regulatory filing. Read more 

Source: Official website

Share Market Today LIVE | JSW Steel hits 52-week high

JSW Steel shares gain by as much as 1.5 per cent to clock a 52-week high of Rs 835 apiece, surpassing an earlier peak of Rs 829 touched on August 9. 

Source: BSE

Share Market Today LIVE | Senco Gold shares rally up to 4% as pre-IPO lock-in deadline inches closer

Jewellery retailer Senco Gold Ltd shares rally up to 4 per cent to touch a high of Rs 415.7 on BSE on Thursday as the pre-IPO lock-in period for investors is going to end soon. The Kolkata-based jewellery retailer shares trade at Rs 407.85, up by Rs 7.45 or 1.86 per cent on BSE. Read more

Nifty Today LIVE | HDFC Bank, ITC, ICICI Bank among top drags

HDFC Bank, ITC, ICICI Bank and Asian Paints are among the top drags in the Nifty baskets at this hour. On the contrary, RIL, Adani Ports, Adani Enterprises and M&M are the top movers  

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | Tata Power rises nearly 3% after Q1 results; should you buy the stock?

Shares of Tata Power rises as much as 2.87 per cent to Rs 241.65 apiece on the BSE in the early morning trade on Thursday, a day after the company reported an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore for the June quarter (Q1FY24) on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 crore in the quarter under review from Rs 14,638.78 crore a year ago. Read more 

Share Market Today LIVE | KRBL shares rise as board discusses dividend, buyback

Rice processing and exporting company KRBL's shares gains as its board was scheduled to meet during the course of the day to consider a final dividend and a share buyback. The company is also slated to report its financial results for the April-June period on Thursday.  Shares of KRBL, the world's largest exporter of basmati rice trade at Rs 405, up Rs 6.35 or 1.59 per cent on BSE. Read more

Image source: Official website

RBI MPC Meeting Update | Shaktikanta Das-led MPC keeps repo rate on hold, unchanged at 6.5%

Share Market Today LIVE | Rate-sensitive stocks trade mixed ahead of the RBI policy decision

Rate-sensitive stocks are trading mixed ahead of the RBI's monetary policy decision in the early deals on Thursday. The policy will be announced at 10 a.m. today. The Nifty Consumer Durables, auto, bank, and financial services are trading in the red, while the Nifty Realty gives some support to the market. 

Rate-sensitive stocks are those stocks that are influenced by changes in interest rates. According to the Zee Business poll, 85 per cent of economists expect the RBI to tweak its forecasts for consumer inflation in the country in the August 10 policy. Read more 

Stocks to Buy: Ashok Leyland, PI Industries, ONGC, NTPC among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Vikas Sethi, Sumeet Bagadia and Kunal Saraogi share their top recommendations for the day in this special segment, Pick of the Day. 

On the top analysts' 'buy' list are stocks such as ONGC, Ashok Leyland, PI Industries, JSW Steel and NTPC. Read more 

30 minutes to go! RBI Governor Shaktikanta Das to reveal MPC's decision on key lending rate at 10 am; here's what you can expect

All of the economists polled by Zee Business expect no hike in the repo rate — the key interest rate at which the RBI lends funds to commercial banks — in today's statement.

In fact, none of them expect a rate hike in the next policy review as well. 

Follow this link to catch latest updates on RBI policy review here

Currency Update | Rupee rises 4 paise to 82.81 against US dollar in early trade ahead of RBI policy decision

Share Market Today LIVE: Sensex drops nearly 100 pts, Nifty above 19,600

Nifty 50

Nifty slips 26.8 points in opening deals to trade at 19,605.75.

Source: NSE

Sensex

Sensex drops nearly 100 points to trade at 65,905.26 in opening deals.

Source: BSE

Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today

Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,535-19,570 levels and a strong buy zone at 19,435-19,465 levels on Thursday, August 10, the day the RBI announces the outcome of its policy review. For the Nifty Bank, he expects support at 44,525-44,625 levels and a strong buy zone at 44,275-44,450 levels.

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Stocks to Watch | IRCTC, Tata Power, Hero MotoCorp, rate-sensitive stocks in focus as Street awaits RBI rate decision

ZeeBiz takes you through the stocks that can be in focus on Thursday.

IRCTC

Indian Railway Catering and Tourism Corp (IRCTC) missed Zee Business research estimates as it reported a 5.4 per cent year-on-year decline in its profit after tax to Rs 232.2 crore for the April-June quarter. However, the company's revenue jumped to Rs 1,001.8 crore in Q1 FY24 from Rs 852.6 crore a year ago. Zee Business Research had estimated the company to report a quarterly net profit of Rs 275.4 crore and revenue of Rs 1,025 crore for the quarter under review.

Hero MotoCorp

With the company set to report its first-quarter results on Thursday, its share can also react to the RBI's policy decision. As per Zee Business research, the auto company is likely to report a 36.8 per cent Year-on-Year (YoY) jump in its standalone net profit to Rs 855 crore for the April-June quarter. Analysts expect that the company's quarterly performance is likely to be driven by price hikes and improvements in operating performance despite a dip in volumes.

Infosys

The IT giant received an "administrative warning on Wednesday from the Securities and Exchange Board of India (SEBI) over some delays in entries in the company’s Structured Digital Database (SDD), the database of unpublished price-sensitive information (UPSI).  In its regulatory filing to BSE, Infosys said, "There were certain entries that were logged with a delay in the SDD. It was submitted by INFY that during FY2020–21 due to the ongoing COVID-19 pandemic, most of the workforce was working from their respective homes and not from the office premises.

SAIL

Zee Business research is estimating the state-run steel producer to report a 71 per cent decline in its net profit to Rs 236 crore against Rs 804 crore registered a year ago. Read more 

Dividend Stocks | Linde India, Alkem Labs, Jubilant Ingrevia among 14 shares to trade ex-date today

A total of 14 stocks will trade ex-dividend on Thursday, August 10, according to the NSE website. The list includes Linde India, Alkem Labs, Jubilant Ingrevia and other stocks. 

Man Infraconstruction dividend

Man Infraconstruction has announced an interim dividend of Re 0.36 per equity share with a face value of Rs 2. The record date is also August 10.

Jubilant Ingrevia dividend

Jubilant Ingrevia has announced a dividend of Rs 2.5 per equity share with a face value of Re 1. The record date is also August 10.

Hitachi Energy India dividend

Hitachi Energy India has announced a dividend of Rs 3.4 per equity share with a face value of Rs 2.

Jubilant Pharmova dividend

Jubilant Pharmova has announced a dividend of Rs 5 per equity share with a face value of Re 1. The record date is also August 10.

Alkem Laboratories dividend

Alkem Laboratories has announced a dividend of Rs 10 per equity share with a face value of Rs 2. The record date is also August 10. Read more 

 Image: Freepik/ Representational image

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Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street

GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 79.5 points or 0.4 per cent at 19,602 ahead of the opening bell on Dalal Street.