Share Market HIGHLIGHTS: Sensex ends 677 pts lower, Nifty gives up 19,550 amid broad-based sell-off; Hero MotoCorp, Tata Motors fall 3%
Share Market HIGHLIGHTS: The domestic equity benchmark indices closed lower for the second consecutive day on Wednesday, August 2, amid heavy selling in bank, financial services, metal, realty, and oil & gas stocks. 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: The domestic equity benchmark indices closed lower for the second consecutive day on Wednesday, August 2, amid heavy selling in bank, financial services, metal, realty, and oil & gas stocks. The domestic market slid after weak economic data from the United States, the eurozone, and China triggered caution across global equities. Both headline indices declined over 1 per cent for the day. The Sensex lost 676.53 points to end at 65,782.78, and the Nifty settled at 19,526.55, down 207 points from its previous close.
As many as 45 stocks in the 50-blue-chip basket traded below the flatline. Hero MotoCorp, Tata Steel, Tata Motors, Bajaj Finserv, and NTPC were the top laggards, as they traded with gains between 3.49 per cent and 2.64 per cent. On the other hand, Divi's Laboratories, Nestle India, Hindustan Unilever, Asian Paints, and Tech Mahindra were the top gainers in the Nifty basket. Nestle India, Hindustan Unilever, and Asian Paints were the major gainers on BSE.
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 677 pts lower, Nifty gives up 19,550 amid broad-based sell-off
Nifty 50
Nifty settles at 19,526.55, down by 1.05 per cent on Wednesday.
Source: NSESensex
Sensex ends 677 points lower at 65,782.78 on Wednesday.
Source: BSE
Share Market HIGHLIGHTS | Hero MotoCorp, Tata Steel, Tata Motors among the top losers
Hero MotoCorp, Tata Steel, Tata Motors and Bajaj Finserv are among the top losers in the Nifty basket, down around 3 per cent. On the other hand, Divi's, Nestle India, HUL and Asian Paints are among the top gainer.
Source: NSE
Eicher Motors Q1 preview | Net profit likely to rise 40% YoY to Rs 855 crore, EBITDA may grow more than 18.5%
Eicher Motors, which is slated to release its June quarter (Q1 FY24) numbers on Thursday (August 3), is expected to report a good set of numbers for the three-month period. The parent company of bike manufacturer Royal Enfield is estimated to report consolidated revenue of Rs 4,050 crore, up 20.3 per cent on a year-on-year (YoY) basis, according to Zee Business Research. The company had posted a revenue of Rs 3,397 crore in the year-ago period. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) are projected to grow 18.6 per cent YoY to Rs 985 crore, while the EBITDA margin is estimated to come in at 24.1 per cent against 24.5 per cent in the year-ago period. Profit after tax (PAT) or net profit, is estimated to rise 39.9 per cent to Rs 855 crore. Read more
Yatharth Hospital IPO allotment | How to check allotment status online
Yatharth Hospital and Trauma Care Services shares are all set for a debut in the secondary market on August 7, after the multi-care hospital chain operator's initial public offer (IPO) worth Rs 687 crore concluded last week with an overall subscription of 36 times. The basis of allottment of shares under the Yatharth Hospital IPO is likely to be finalised on Wednesday, August 2. Successful bidders will get Yatharth Hospital shares credited into their demat accounts on August 4, Friday, whereas other participants will have refunds initiated a day prior, on August 3.
Yatharth Hospital IPO: Here's a step-by-step guide on how to check the allotment status
Those who participated in the Yatharth Hospital IPO can check the status of their application online in two ways: through the BSE website and through the website of the registrar. Read more
Share Market Today LIVE: Sensex plummets nearly 950 pts, Nifty cracks below 19,500 as sell-off deepens
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | PFC, Escorts Kubota, other stocks hit 52-week highs
As many as 19 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) BIKAJI 473.35 508.75 491.60 (25 Jul 2023) 508.75 (02 Aug 2023) CAPPL 919 922.8 916.95 (01 Aug 2023) 1,639.00 (03 Sep 2015) CARBORUNIV 1,270.75 1,300.00 1,297.45 (01 Aug 2023) 1,300.00 (02 Aug 2023) ESABINDIA 4,856.20 4,958.95 4,906.00 (01 Aug 2023) 4,958.95 (02 Aug 2023) ESCORTS 2,598.00 2,676.25 2,609.20 (01 Aug 2023) 2,676.25 (02 Aug 2023) FINOLEXIND 205.65 211 203.50 (31 Jul 2023) 752.80 (23 Oct 2017) HUDCO 64.25 67.2 65.70 (01 Aug 2023) 102.35 (14 Jul 2017) KEC 653.4 698.95 680.00 (26 Jul 2023) 922.00 (08 Nov 2007) MAPMYINDIA 1,511.80 1,540.85 1,528.60 (31 Jul 2023) 1,918.35 (17 Jan 2022) MGL 1,085.40 1,144.75 1,137.00 (31 Jul 2023) 1,345.00 (03 Nov 2017) MIDHANI 362.6 381.5 359.80 (01 Aug 2023) 381.50 (02 Aug 2023) NBCC 44.13 46.72 46.69 (01 Aug 2023) 1,214.50 (06 Aug 2015) NESCO 697.35 713.65 710.45 (01 Aug 2023) 2,936.00 (08 Sep 2017) OBEROIRLTY 1,099.95 1,150.00 1,127.00 (28 Jul 2023) 1,150.00 (02 Aug 2023) ONGC 174.7 178.6 177.50 (31 Jul 2023) 1,514.00 (10 May 2006) PFC 253.1 264.35 263.10 (01 Aug 2023) 383.00 (14 Oct 2010) PGHL 5,393.40 5,455.55 5,448.25 (01 Aug 2023) 7,499.95 (11 Feb 2021) PHOENIXLTD 1,733.50 1,768.45 1,756.00 (01 Aug 2023) 37,536.25 (21 Sep 2005) STARCEMENT 157.25 157.85 153.80 (06 Jul 2023) 157.85 (02 Aug 2023) Share Market Today LIVE | Ashiana Housing share buyback opens today; stock up over 3%
Ashiana Housing shares trade at Rs 207.85, down by 0.48 per cent on NSE. However, the counter climbed in Wednesday's trading session as the company's buyback window opened today. The stock of the real estate developer rose over 3 per cent to touch the intra-day high of Rs 215.65 apiece. The company's board had approved the buyback of equity shares in July. Read more
Share Market Today LIVE | Sula Vineyards shares slip 7% after company receives excise duty notice of Rs 116 crore
Shares of Sula Vineyards, a leading wine-producing company, slips over 7 per cent in Wednesday's trading session. The stock came under selling pressure after the company received an excise duty notice of Rs 116 crore from the Maharashtra excise department. The counter trades at 483.5, down by 6.36 per cent on NSE.
"The demand notice was received by the company on the ground that under the Maharashtra Manufactured Beer and Wine Rules, 1966, excise duty was recoverable on wine produced or manufactured from grapes produced in Maharashtra by blending wine brought from across the customs frontier or from other states," the exchange filing read. Read more
Nifty Today LIVE | HDFC Bank, RIL, ICICI Bank among top drags
HDFC Bank, RIL, ICICI Bank, ITC and Axis Bank are among the top drags in the Nifty baskets at this hour. On the contrary, HUL, Asian Paints, Nestle India and Divi's are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Stocks to Buy | LIC, Axis Bank, United Breweries, Escorts Kubota among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vishvesh Chauhan, Rakesh Bansal, Kunal Saraogi, Vikas Sethi, Sandeep Wagle and Sumeet Bagadia 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 United Breweries, LIC, Axis Bank, Aarti Industries and Escorts Kubota. Read more
Share Market Today LIVE | Hero MotoCorp shares extend losses after poor sales results
The country's leading automaker Hero Moto Corp shares extended their losses for the second consecutive day after facing a 12 per cent drop total sales in July. The shares are down 2.61 per cent to trade at Rs 3,021.1 in early morning trade. Read more
PVR INOX Q1 review | Analysts retain faith but consistent content performance required
Shares of PVR INOX, the multiplex chain, are trading at Rs 1574.85 apiece, up 0.57 per cent on the BSE in the morning trade on Wednesday (August 2), a day after the company released its June quarter numbers (Q1FY24). The leading cinema exhibitor reported a consolidated net loss of Rs 81.6 crore for the June quarter. The leading cinema exhibitor reported a consolidated net loss of Rs 81.6 crore for the June quarter. The company, earlier known as PVR Ltd, posted a net profit of Rs 53.4 crore in the year-ago period. Its revenue from operations stood at Rs 1,304.9 crore in the first quarter of the current fiscal. Read more
Currency Update | Rupee falls 19 paise to 82.41 against US dollar
The rupee depreciates 19 paise to 82.41 against the US dollar in early trade on Wednesday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments.
Dividend Stocks | L&T, CRISIL, Bajaj Consumer Care among 10 shares trade ex-date today
A total of 10 stocks traded ex-dividend on Wednesday, August 2, according to the NSE website. The list includes L&T, CRISIL, Bajaj Consumer Care and other stocks.
Centum Electronics dividend
Centum Electronics has announced a dividend of Rs 4 per equity share with a face value of Rs 10. The record date is also August 2.
Data Patterns dividend
Data Patterns (India) has announced a dividend of Rs 4.5 per equity share with a face value of Rs 2.
CRISIL dividend record
CRISIL has announced an interim dividend of Rs 8 per equity share with a face value of Re 1. The record date is also August 2.
L&T dividend 2023 record date
Larsen & Toubro has announced a dividend of Rs 24 per equity share and a special dividend of Rs 6 per share with a face value of Rs 2. The record date is also August 2. Read more
Share Market Today LIVE: Sensex drops over 300 pts, Nifty slips below 19,650
Nifty 50
Nifty slips below 19,650 in early morning deals.
Source: NSESensex
Sensex drops over 300 points in early morning 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 Nifty index coming in at 19,600-19,650 levels and strong support at 19,500-19,565 levels on Wednesday, August 2. For the Nifty Bank, he expects support at 45,250-45,350 levels and strong support at 45,000-45,125 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Maruti Suzuki, NTPC, GAIL among stocks to track today
Here is a list of stocks that will be in focus today:
Results today, August 1
PVR-Inox, Escorts, Cholamandalam Investment, Bikaji Foods, Anupam Rasayan, KPR Mills, Thyrocare, TBZ, and Godrej Agro will announce their June quarter numbers today.
Maruti Suzuki
Maruti Suzuki announced its results after the market closed on Monday, recording a standalone PAT of Rs 2,485.1 crore in the April-June quarter. The automaker's revenue from operations also rose significantly to Rs 32,326.9 crore for the first quarter of the current financial year, according to a regulatory filing.
Castrol India
Lubes maker Castrol India on Monday reported a 9 per cent jump in its profit after tax at Rs 225 crore in the April-June quarter against a PAT of Rs 206 crore a year ago. The company said that its revenue from operations stood at Rs 1,334 crore, compared to Rs 1,242 crore in the year-ago period. Despite registering a profit, there was not a lot of buying interest among the shares. The company's share fell 1.80 per cent to Rs 144.85 on Monday.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 47.5 points or 0.24 per cent at 19,770.5 ahead of the opening bell on Dalal Street.
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