Share Market HIGHLIGHTS: Sensex ends 366 pts lower, falls for 2nd day, Nifty gives up 19,450; SBI Life, UPL, Tata Consumer drop 2%

Share Market HIGHLIGHTS | IndusInd Bank, SBI Life, UPL emerge as top losers in 50-scrip blue-chip basket

IndusInd Bank, SBI Life, UPL and Tata Consumer Products are among the top losers, down nearly 2 per cent. On the other hand, HCL Tech, PowerGrid, Titan and Tata Steel are among the top gainers in the Nifty basket, trading with gains of up to 3 per cent.

Source: NSE

Share Market HIGHLIGHTS | Sensex ends 366 pts lower, falls for 2nd day, Nifty gives up 19,450

Nifty 50

Nifty ends at 19,428.3, down by 0.59 per cent on Friday.

Source: NSE

Sensex

Sensex falls for 2nd day, ending 366 points lower at 65,322.65 on Friday.

Source: BSE

Thank you! That's all today on Zeebiz.com's blog on the Indian share market

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ITC Q1 Results Preview | Cigarette volumes may see up to 8% growth; all eyes on hotel business demerger update

ITC, the diversified conglomerate, is expected to report a 5 per cent year-on-year (YoY) decline in its standalone revenue at Rs 16,443 crore for the quarter ended June 2023 (Q1FY24), according to Zee Business Research. The company had posted revenue of Rs 17,290 crore in the year-ago period.

Its EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is expected to rise 9 per cent YoY to Rs 6,158 crore against Rs 5,648 crore logged in the year-ago period. Ebitda margins are seen at 37 per cent against 33 per cent registered in the year-ago period. Net profit, or profit after tax (PAT), is expected to rise 12 per cent YoY to Rs 4,681 crore against Rs 4,169 crore logged in the year-ago period. Read more 

HAL Q1 results: Net profit jumps 31% to Rs 814 crore; shares slip into the red

State-run aerospace and defence company Hindustan Aeronautics Ltd (HAL) reports a weak set of quarterly results. The company reported a 31.3 per cent year-on-year jump in consolidated net profit to Rs 814.2 crore for the quarter ended June 30. HAL's revenue from operation, however, stands at Rs 3,915.4 crore for the first quarter of the current financial year as against Rs 3,622.46 crore for the corresponding period a year ago.HAL shares slipped into the red briefly after the earnings announcement. Read more 

Share Market Today LIVE | GMM Pfaudler shares zoom over 13% after Q1 earnings, management's positive commentary

GMM Pfaudler share price, GMM Pfaudler results: Shares of GMM Pfaudler zoom over 13 per cent after the manufacturer of engineering equipment and glass-lined equipment reported a PAT of Rs 54.93 crore for Q1 FY24 (June 2023 quarter), a jump of 23 per cent from Rs 44.51 crore logged a year ago. Besides, the stock also got a boost from management's positive commentary. 

The company's total revenue from operations came in at Rs 912.27 crore, against Rs 739.24 crore logged last year on the back of strong execution. In addition, the company's EBITA margins stood at 14.5 per cent, 125 basis points higher year-over-year (YoY). Post the Q1 announcement, the company’s MD, Tarak Patel, said that the company remains on track to meet its FY25 guidance. Read more 

Image source: Official website 

Share Market Tips LIVE | Buy Varun Beverages, Jubilant FoodWorks, says Osho Krishan

Osho Krishan of Angel One shares two technical picks: 

• Buy Varun Beverages shares for a short-term target of Rs 890-894 with a stop loss at Rs 808 
• Buy Jubilant FoodWorks at Rs 499-500-odd levels for a target of Rs 520-524 with a stop loss at Rs 488 

Share Market Tips LIVE | Buy GMDC shares, says Vikas Sethi

Vikas Sethi of Sethi Finmart recommends buying GMDC shares for a target price of Rs 185 with a stop loss at Rs 170. GMDC is a fundamentally strong zero-debt company with strong growth prospects, he says. 

Share Market Today LIVE | Ashok Leyland, Coforge, Crisil, other stocks hit 52-week highs

As many as 31 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.

Share Market Tips LIVE | Buy HAL shares for short-term target of Rs 3,900-4,000, says Sumeet Bagadia

Sumeet Bagadia of Choice Broking is bullish on HAL shares, which, he believes, have support at Rs 3,725-3,750 and appear to be headed to a target of Rs 4,200.

One can buy at the support level while existing investors can hold on to the stock for a short-term target of Rs 3,900-4,000, he says. 

BEML Q1 Results | Net loss at Rs 75 crore vs net loss of Rs 82 crore a year ago

BEML shares slipped into the red minutes after the state-run earth moving equipment maker announces its quarterly financial results. The company's consolidated net loss stands at Rs 75 crore for the quarter ended June 30 as against a net loss of Rs 82 crore for the corresponding period a year ago, and its revenue comes in at Rs 577 crore as against Rs 669 crore a year ago, according to a regulatory filing. 

BEML shares decline by as much as Rs 65 or 3.3 per cent to Rs 1,918.5 apiece on BSE. 

Image: BSE

Sensex LIVE | HDFC Bank, ICICI Bank, ITC, Infosys, HUL weigh on 30-scrip index

On the other hand, gains in stocks such as HCL Tech and Titan lent some support. 

Image: BSE

Share Market Today LIVE | CONCOR reports lower-than-expected Q1 results, stock down 4%

Shares of Container Corporation of India (NSE: CONCOR), a state-owned logistic solution provider, falls as much as 4 per cent in the morning deals. The stock experiences a free fall after the company posted below-than-estimated June quarter (Q1FY24) numbers. CONCOR shares have lost nearly 5 per cent in the three trading sessions. The market capitalisation of the company stood at Rs 41,325.39 crore. Read more 

Share Market Today LIVE | ONGC shares retreat from 52-week high ahead of Q1 results today

State-run oil and gas explorer ONGC's shares are under pressure on Friday, retreating from a 52-week high touched the previous day, as investors awaited the company's financial results for the April-June period due later in the day. The ONGC stock declines by as much as Rs 1.9 or one per cent to Rs 176.8 apiece on BSE. 

What to expect in ONGC's Q1 earnings report

According to Zee Business research, ONGC is likely to report a net profit of Rs 10,045 crore for the first quarter of the current financial year, as against a net loss of Rs 247 crore for the previous three months owing to an exceptional loss of Rs 9,235 crore. The company's net profit before exceptional items and taxes stood at Rs 8,256 crore for the quarter ended March 31, 2023. Read more 

Dividend Stocks | Bharti Airtel, BPCL, Divi's, NTPC, Federal Bank among 17 shares to trade ex-date today

A total of 17 stocks will trade ex-dividend on Friday, August 11, according to the NSE website. The list includes Bharat Petroleum, Divi's, NTPC, JK Lakshmi Cement, Federal Bank, Bharti Airtel, Grasim and other stocks. 

CCL Products dividend 2023

CCL Products (India) has announced a dividend of Rs 2.5 per equity share with a face value of Rs 2. The record date is also August 11.

Divi's dividend 2023 record date

Divi's Laboratories has announced a dividend of Rs 30 per equity share with a face value of Rs 2. The record date is also August 11.

NTPC dividend 2023 record date

NTPC has announced a dividend of Rs 3 per equity share with a face value of Rs 10. The record date is also August 11.

Bharti Airtel dividend 2023 record date

Bharti Airtel has announced a dividend of Rs 4 per equity share with a face value of Rs 5. The record date is also August 11.

Grasim dividend 2023 

Grasim Industries has announced a dividend of Rs 10 per equity share with a face value of Rs 2.

The Federal Bank dividend

The Federal Bank has announced a dividend of Re 1 per equity share with a face value of Rs 2. Read more 

TVS Supply Chain Solutions IPO | Should you subscribe to it? Here is what Anil Singhvi suggests

The subscription window for TVS Supply Chain Solutions' initial public offering (IPO) is open and will close on August 14. The company plans to raise Rs 600 crore by issuing 14,213,198 equity shares. The proceeds from the IPO will be utilised for the prepayment or repayment of Rs 525 crore of all or a portion of certain outstanding borrowings availed by its company and subsidiary, TVS LI UK.

What does Anil Singhvi recommend? 

Zee Business Managing Editor Anil Singhvi said that risk-bearing investors can apply for the IPO for the long term. According to him, one can buy now or once the shares get listed. Read more

Share Market Today LIVE | Samvardhana Motherson shares rally post-four-fold jump in Q1 profit; here is what analysts say

Shares of Samvardhana Motherson International (SAMIL) rise on the bourses, a day after the auto component maker's consolidated net profit jumped over four-fold to Rs 601 crore for the first quarter ended June 30, 2023. The company posted a net profit of Rs 141 crore for the April-June quarter of the last fiscal. Samvardhana Motherson shares trade at Rs 100.4, up by Rs 5.25, or 5.52 per cent on NSE.

Samvardhana Motherson share price target: Here's what leading brokerages suggest.

After the Q1 results announcement, brokerage firm CLSA has maintained a buy call on the counter and has raised the target price to Rs 124 from Rs 102, the highest target among the brokerages tracking the stock. CLSA noted that the company's consolidated EBITDA was 7 per cent below estimates, led by a miss in the Samvardhana Motherson Reflectec (SMR) business. Revenue grew by 28 per cent YOY and was strong across all verticals. Read more 

Image: Official website/ Representational image 

Share Market Today LIVE | LIC shares rally over 5% after mixed Q1 results, dividend payment

Life Insurance Corporation of India shares gains over 5 per cent on Friday after the public sector insurance giant posted a mixed set of financial numbers for the first quarter of FY 2023-24 (Q1FY24). The insurance behemoth reported a marginal growth in net premium income to Rs 98,363 crore in the April-June quarter of FY24 as against Rs 98,352 crore in the year-ago quarter. The counter trades at Rs 660.8, up 2.91 per cent on BSE.

LIC dividend 2023

Besides, LIC's board has proposed a dividend of Rs 3 per equity share with a face value Rs 10 per equity share each for the financial year 2022-23. Read more 

Share Market Today LIVE | HCL Tech stock jumps 4.5% post-Verizon deal; Morgan Stanley remains overweight

Shares of HCL Technologies gains as much as over 4.5 per cent to Rs 1186.95 apiece on the BSE in the opening deals on Friday, a day after the company announced a technology deal with Verizon, a leading telecom company in the US. "Verizon Business today announced a strategic global partnership making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers, bringing together two global leaders in enterprise networking. The partnership combines Verizon’s networking power, solutions, and scale with HCLTech’s market-leading Managed Service capabilities to usher in a new era of large-scale wireline service delivery for enterprise customers," the companies said in a joint press release. 

Morgan Stanley overweight on counter

Post-Verizon deal, global brokerage Morgan Stanley has maintained an overweight rating on the stock with a target price of Rs 1,200. The brokerage said it believes "such deal announcements provide greater comfort and should lower perceived risk of potential revenue guidance cut at the lower end." Read more

Stocks to Buy | HCL Tech, Hindalco, IndusInd Bank, TVS Motor among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Rajesh Palviya, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani and Rakesh Bansal 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 Hindalco, IndusInd Bank, TVS Motor, Nifty CPSE ETF and HCL Tech. Read more

(Image: Freepik/ Representational image)

Currency Update | Rupee falls 8 paise to 82.74 against US dollar in early trade

Share Market Today LIVE | Sensex slides nearly 150 pts, Nifty near 19,500

Nifty 50

Nifty trades at 19,500.7, down 0.22 per cent in opening deals. 

Source: NSE

Sensex

Sensex trades at 65,540.43, down 147.75 points 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 19,465-19,500 levels and a strong buy zone at 19,300-19,435 levels on Friday, August 11. For the Nifty Bank, he expects support at 44,275-44,400 levels and stronger support at 44,125-44,225 levels.

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

Stocks to Watch | HAL, Nykaa, ONGC, Biocon, Patanjali Foods, Pfizer among top stocks to track today

ZeeBiz takes you through a list of stocks that can garner some attention on Friday. 

Results today, August 11

Apollo Hospitals, ONGC, ABB India, Info Edge India, Power Finance Corporation, City Union Bank, Glenmark Pharma, Muthoot Finance, Voltas, Zydus Lifesciences, Hindustan Aeronautics, National Aluminium Company, Jindal Steel & Power, NMDC, Astral, Sun TV Network will announce their June quarter numbers today. 

Power Finance Corporation 

Power Finance's board will consider a proposal for the issue of bonus shares.

Global Health

The company announced its June quarterly number on Thursday. The company posted a profit of Rs 102 crore against Rs 59 crore a year ago, up 73 per cent. Revenue was up 23.5 per cent to Rs 773 crore. The board approved the bidding term sheet for SPV with DLF. The approval is to build a 400-bed multi-specialty hospital in Delhi. GHL and DLF to have a 50:50 equity stake in the proposed specialty hospital. The hospital will have 20 super specialty services.

Indiabulls Real Estate

The company posted a loss of Rs 680 crore in the June quarter against a loss of 52 crore a year ago. The company had registered a revenue of Rs 196 crore against Rs 152 crore in the year-ago quarter. Read more

Traders' Diary | Buy, sell or hold strategy on HDFC AMC, DLF, HCL Tech, Manappuram, Samvardhana Motherson, over a dozen other stocks today

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, August 11. Check out which stocks are on analysts Varun Dubey and Kushal Gupta's radar, and what they recommend in cash and derivative segments.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta

• Buy Global Health shares in the cash segment for a target price of Rs 710 with a stop loss at Rs 680
• Buy Cummins India futures for a target of Rs 1,830 with a stop loss at Rs 1,760
• Buy the Rs 265 call option of PFC at Rs 9.7 for a target of Rs 20 with a stop loss at Rs 5
• Technical pick: Buy HDFC AMC shares for a target of Rs 2,650 with a stop loss at Rs 2,550
• Fundamental pick: Buy Grasim shares for a 12-month target of Rs 2,200
• Investment idea: Buy Samvardhana Motherson shares for a 12-month target of Rs 120. Read more 

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

GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 50 points or 0.26 per cent at 19,550.5 count ahead of the opening bell on Dalal Street.

Good morning! Welcome to Zeebiz.com's blog on the stock market today

Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi  and other experts, investment ideas, stock picks, brokerage calls and much more through the day. 

Happy trading, and happy investing!