Share Market HIGHLIGHTS: Nifty reclaims 19,450 as market extends gains to 2nd day, Sensex bounces back 507 pts from days low, ends at 65,539
Share Market HIGHLIGHTS: After remaining in negative territory for most of the session, the domestic equity market recovered in the last hour of trading and eventually settled higher on Wednesday, August 16. 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.coms blog.
Share Market HIGHLIGHTS: After remaining in negative territory for most of the session, the domestic equity market recovered in the last hour of trading and eventually settled higher on Wednesday, August 16, thereby continuing the winning streak for the second straight session. Buying in auto, FMCG, IT, pharma, and real estate stocks gave much-needed support to the market. On the global front, investors awaited minutes from the Federal Reserve's July policy meeting for more cues on the path for interest rates in the world's largest economy. and the GDP data for Europe for the second quarter.
The S&P BSE Sensex ended 137.5 points, or 0.21 per cent higher at 65,539.42, and the NSE Nifty ended 30.45 points, or 0.16 per cent higher at 19,465 points. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices both ended in positive territory, up by 0.08 per cent and 0.57 per cent, respectively. On the sectoral front, the Nifty Bank ended lower amid global concerns about Fitch downgrading the US banks. Nifty Bank closed down 0.33 per cent at 44,946.4.
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 | Nifty reclaims 19,450 as market extends gains to 2nd day, Sensex bounces back 507 pts from day's low, ends at 65,539
Nifty 50
Nifty ends at 19,465, up 0.16 per cent.
Source: NSESensex
Sensex bounces back 507 points from the day's low and ends at 65,539.42 on Wednesday.
Source: BSE
Share Market HIGHLIGHTS | UltraTech Cement, Apollo Hospitals, NTPC rise most in 50-scrip blue-chip basket
UltraTech Cement, Apollo Hospitals, NTPC and Infy are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, Tata Steel, Adani Ports, Hindalco and HDFC Life are among the top losers, down nearly 2-1 per cent.
Source: NSE
Share Market Today LIVE | Apollo Hospitals, IRFC, L&T, 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.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) AJANTPHARM 1,766.30 1,804.00 1,776.70 (03 Aug 2023) 3,450.00 (12 Mar 2015) AMBER 2,610.00 2,633.30 2,633.00 (04 Aug 2023) 4,023.65 (02 May 2022) ANGELONE 1,767.65 1,805.55 1,803.35 (13 Jul 2023) 2,022.00 (29 Apr 2022) APARINDS 4,295.55 4,336.15 4,171.00 (14 Aug 2023) 4,336.15 (16 Aug 2023) APLAPOLLO 1,585.15 1,637.45 1,600.85 (01 Aug 2023) 3,945.00 (08 Dec 2020) ASHOKLEY 188.45 191.45 191.00 (11 Aug 2023) 310.50 (14 Jan 2004) COCHINSHIP 804 822 717.00 (25 Jul 2023) 822.00 (16 Aug 2023) COFORGE 5,106.70 5,420.00 5,350.00 (14 Aug 2023) 6,133.00 (04 Jan 2022) ESABINDIA 5,120.85 5,125.00 5,113.35 (14 Aug 2023) 5,125.00 (16 Aug 2023) ESCORTS 2,712.00 2,713.85 2,676.25 (02 Aug 2023) 2,713.85 (16 Aug 2023) FINOLEXIND 206.65 213.2 211.00 (02 Aug 2023) 752.80 (23 Oct 2017) HATSUN 1,182.00 1,189.00 1,119.15 (14 Aug 2023) 1,533.65 (18 Oct 2021) INTELLECT 714.7 730 715.35 (04 Aug 2023) 986.00 (07 Apr 2022) IRFC 50.94 52.71 52.00 (08 Aug 2023) 52.71 (16 Aug 2023) JSWENERGY 368.45 370 369.00 (05 Sep 2022) 408.70 (14 Oct 2021) KAJARIACER 1,448.95 1,489.95 1,489.55 (20 Jul 2023) 1,489.95 (16 Aug 2023) KALYANKJIL 223.5 225.2 211.30 (14 Aug 2023) 225.20 (16 Aug 2023) LT 2,690.80 2,693.95 2,687.90 (31 Jul 2023) 4,670.00 (01 Nov 2007) LUPIN 1,114.50 1,115.40 1,108.95 (09 Aug 2023) 2,127.00 (06 Oct 2015) MAHABANK 38.35 39.37 39.20 (14 Aug 2023) 96.50 (07 Jan 2008) METROBRAND 1,085.90 1,127.90 1,109.00 (26 Jul 2023) 1,127.90 (16 Aug 2023) MIDHANI 384.25 398.15 390.00 (04 Aug 2023) 398.15 (16 Aug 2023) MOTILALOFS 948 960 955.05 (14 Aug 2023) 2,270.00 (04 Jan 2008) OFSS 4,086.60 4,141.70 4,059.95 (17 Jul 2023) 5,144.60 (19 Oct 2021) OIL 285.7 286.9 279.95 (10 Aug 2023) 1,635.00 (15 Sep 2010) POLYMED 1,390.00 1,505.65 1,501.50 (09 Aug 2023) 1,505.65 (16 Aug 2023) SUVENPHAR 520.25 526.6 520.35 (26 Dec 2022) 825.00 (18 Sep 2020) TRENT 1,962.60 1,963.00 1,960.15 (14 Aug 2023) 2,442.40 (07 Sep 2016) TV18BRDCST 43.62 45.4 45.20 (05 Sep 2022) 1,264.90 (07 Jan 2008) UNOMINDA 613.6 624.55 609.80 (31 Jul 2023) 1,648.00 (08 Sep 2016) VBL 889.75 903.4 873.58 (26 May 2023) 1,747.15 (26 May 2023) Share Market Today LIVE | L&T hits 52-week high
L&T shares gain by as much as 1.2 per cent to clock a 52-week high of Rs 2,693.95 apiece, surpassing an earlier peak of Rs 2,687.9 touched on July 31, 2023.
Share Market Today LIVE | Insecticides India posts subdued Q1 results; management says company will do well in Q2 FY24
Shares of Insecticides India, a leading agrochemical player, gains as much as 2.83 per cent to hit a high of Rs 474 apiece on the NSE on Wednesday (August 16). The company's June quarter results were subdued; however, the management believes that it will put up a good show in the September quarter (Q2FY24).
In an interaction with Zee Business, Rajesh Aggarwal, Managing Director of Insecticides India, said on August 16 that the agrochemical sector has not performed well in the past 7-8 months and the prices have been under pressure. However, the MD exuded confidence that the company will do well on top-line and bottom-line fronts in the second quarter of the current fiscal. (Q2FY24). Read more
Share Market Today LIVE | Shoora Designs SME IPO to hit Street soon, key things to know
Shoora Designs — a diamond and jewellery company — is all set to launch an initial public offer (IPO) on the SME platform on Thursday, August 17. The IPO comprises fresh issuance of shares worth up to Rs 2.03 crore on a fixed-price basis.
Here are some of the important things to know about the Shoora Designs SME IPO:
Important dates: The SME IPO of Shoora Designs will open on August 17 and close on August 21.
The basis of the allotment of shares is likely to be finalized on August 24 and the credit of shares likely to take place on August 28. Unsuccessful bidders will have refunds initiated on August 25. Shoora Designs shares are likely to be listed on the BSE SME platform on August 29.
Issue price: Under the IPO, Shoora Designs shares will be available for bidding at a fixed price of Rs 48 apiece in multiples of 3,000, translating to Rs 1,44,000 per lot.
Fund utilisation
Shoora Designs plans to utilise the net proceeds from the issue towards working capital requirements and for general corporate purposes, according to the red herring prospectus. Read more
Nifty Today LIVE | HDFC Bank, Bharti Airtel, RIL among top drags in Nifty baskets
HDFC Bank, Bharti Airtel, RIL and Tata Steel are among the top drag in the Nifty baskets at this hour. On the contrary, Infy, L&T, ITC and State Bank of India are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Hero MotoCorp shares under radar after company discloses Munjal family settlement agreement
Two-wheeler major Hero MotoCorp Ltd shares decline nearly 2 per cent on Wednesday following the release of the details of a family settlement agreement by the group’s promoters. Read more
Share Market Today LIVE | Tejas Networks receives Rs 7,492 crore purchase order from TCS; stock jumps over 6%
Tejas Networks shares jumps on Wednesday (August 16) after the telecommunications service provider got a purchase order from Tata Consultancy Services (TCS). The stock climbs over 6 per cent and touched the intra-day high of Rs 869 apiece on the BSE.
"We hereby inform you that Tejas Networks Limited (the "Company") has executed with Tata Consultancy Services Limited (the "TCS"), a related party of the Company, the Master Contract towards supply, support, and annual maintenance services (the "Master Contract"), for Radio Access Network (the "RAN") equipment for BSNL’s Pan-India 4G/5G network," the regulatory filing read. Read more
Stocks to Buy | HAL, Havells India, Tata Communications, NMDC among analysts' top picks today
Market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Ambareesh Baliga and Vishvesh Chauhan 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 NMDC, RIL, Tata Communications, Havells India and HAL. Read more
Image: Freepik/ Representational image
Share Market Today LIVE | Gangwal family sells 4% stake in Indigo; stock falls 4% in early trading
InterGlobe Aviation shares trade at Rs 2,472.8, down 3 per cent after the parent company of Indigo, co-promoter Rakesh Gangwal and his family sold a 4 per cent stake, or 1.56 crore shares, totaling Rs 3,730 crore in the company in block deals on Wednesday. After selling the 4 per cent stake, Gangwal and his family now hold a 25.7 per cent stake in Indigo. Read more
TVS Supply Chain IPO | How to check allotment status
The basis of allotment of shares under the IPO of TVS Supply Chain is set to be finalised on August 18, Friday. Successful bidders will get TVS Supply Chain shares credited into their demat accounts on August 22, Tuesday whereas other participants will have refunds initiated on August 21, Monday. The IPO of part of TVS Supply Chain, TVS Mobility Group's subsidiary was subscribed 2.78 times on the last day of subscription on Monday.
TVS Supply Chain IPO: Here's a step-by-step guide on how to check the allotment status
Those who participated in the TVS Supply Chain can check the status of their application online in two ways: through the BSE website and through the website of the registrar.
BSE
Step 1: A bidder is required to visit the official website of the BSE to check the status of the IPO application online. Login at the direct BSE link — bseindia.com/investors/appli_check.aspx
Step 2: Select the option of 'Equity' under 'Issue Type'
Step 3: Select 'Issue Name'. Enter your application number in the box or enter your PAN detail to proceed further.
Step 4: Click on 'I'm not a robot' and then submit.
The status of your TVS Supply Chain application status will appear on the screen. Read more
Share Market Today LIVE | ITC woos Street with operationally strong Q1 performance; should you add to your portfolio?
ITC shares registers mild gains on Wednesday, as trading resumed on Dalal Street following the Independence Day holiday, after the cigarettes-to-hotels conglomerate staged a strong financial performance in the quarter ended June 30 with a 680-basis-point increase in margin. The ITC stock gains by as much as Rs 5.1 — or 1.1 per cent — to Rs 454 apiece on BSE, coming within Rs 50 of an all-time high touched last month.
ITC share price target: Here's what analysts recommend on ITC shares after the earnings announcement:
According to Jefferies, which maintained a 'buy' rating on ITC after the cigarette maker reported its quarterly numbers, the biggest debate is whether the best is behind for the company. The brokerage, whose target price of Rs 520 implies an upside of 18 per cent in the stock, earnings growth will moderate for ITC but the stock may continue to offer value and provide high earnings visibility to investors. Read more
Share Market Today LIVE | SBFC Finance makes a strong debut on BSE, NSE; shares list at 44% premium over IPO price
SBFC Finance shares make a strong debut in the secondary market on Wednesday, August 16, as trading resumed on Dalal Street after a mid-week holiday for Independence Day. The SBFC Finance stock begins its journey in the listed space at Rs 81.99 apiece on BSE — a premium of 43.8 per cent compared with the upper end of the IPO price range.
Mumbai-based non-banking financial company (NBFC) SBFC Finance's IPO — comprising fresh issuance worth Rs 600 crore and an offer for sale (OFS) of Rs 425 crore — concluded last week with an overall subscription of 70 times the equity on offer. Read more
Share Market Today LIVE | Infosys gains nearly 2% as company inks $1.64 billion deal with Liberty Global; here is what JP Morgan says
Infosys shares gain as much as 1.81 per cent to Rs 1,419 on the BSE after Infosys announced on August 15 (Tuesday) that it had signed a 1.5 billion euro ($1.64 billion) agreement with Liberty Global to evolve and scale the latter's digital entertainment and connectivity platforms.
However, after the deal announcement, foreign brokerage JP Morgan has maintained an 'underweight' rating on Infosys stock with a target price of Rs 1,150. The brokerage said the deal is likely to be margin-dilutive, perhaps on the lines of past Verizon/Daimler contracts. Read more
Share Market Today LIVE | Sensex drops nearly 300 pts, Nifty cracks below 19,350
Nifty 50
Nifty trades below 19,350, down 0.52 per cent in opening deals.
Source: NSESensex
Sensex drops nearly 300 points to trade at 65,107.52 in opening deals.
Source: BSE
Traders' Diary | Buy, sell or hold strategy on ITC, GMR Airports, RailTel, DLF, Senco Gold, 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 Monday, August 14. Check out which stocks are on analysts Ashish Chaturvedi and Arman Nahar's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Arman Nahar
- Buy Pennar Industries shares in the cash segment for a target price of Rs 90 with a stop loss at Rs 85.6
- Buy GMR Airports Infra futures for a target of Rs 55 with a stop loss at Rs 52.6
- Buy the Rs 450 call option of ITC for a target of Rs 12 with a stop loss at Rs 7.8
- Technical pick: Buy Larsen & Toubro (L&T) shares in the cash segment for a target of Rs 2,715 with a stop loss at Rs 2,635
- Fundamental pick: Buy RailTel shares for a one-year target of Rs 200
- Investment idea: Buy Snowman Logistics shares for a one-year target of Rs 60. Read more
Stocks to Watch | Infosys, IndiGo, Vodafone Idea, ONGC, ITC, and Oil India among top stocks to track today
ZeeBiz takes you through the shares that can be in the news on Wednesday:
ONGC
The petroleum ministry announced on Monday (August 14) that SAED on crude petroleum will be hiked from Rs. 4,250 per tonne to Rs. 7,100 per tonne with effect from Tuesday. The biggest jump has come in SAED on diesel, which has been hiked by Rs 1/litre to Rs 5.50/litre.
Oil India
Oil India's share also hit a 52-week high last week after it reported a 4 per cent rise in its net profit. Last week, ICICI Securities said in a report that oil and gas realisations for Oil India are likely to stay above average despite the windfall tax and new domestic pricing.
ITC
The Tata group company's profit beat Zee Business research estimates as it soared 17.58 per cent to Rs 4,902.74 crore in the first quarter of the current financial year. The company's revenue from operations, however, dropped to Rs 16,995 crore from Rs 18,320 crore in the year-ago period. The company declared its April-June quarter results after market hours on Monday, when its share ended flat at Rs 448.95. Read more
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 0.41 per cent at 19,395 ahead of the opening bell on Dalal Street.
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