Share Market HIGHLIGHTS: Sensex closes 267 pts higher, ends 2-day losing streak, Nifty 6 pts shy of 19,400; Bajaj Finance, PowerGrid rise 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex edged higher on Monday, August 21, snapping a two-day losing streak amid heavy buying in IT and metal 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: Domestic equity benchmarks Nifty 50 and Sensex edged higher on Monday, August 21, snapping a two-day losing streak amid heavy buying in IT and metal stocks. Both indices—S&P BSE Sensex and NSE Nifty—closed over 0.40 points higher. The S&P BSE Sensex was up 267.43 points, or 0.41 per cent at 65,216.09, and the NSE Nifty ended up 83.45 points, or 0.43 per cent, at 19,393.6. In the broader markets, the Nifty Mid Cap 100 and Small Cap 100 also ended strong. On the sectoral front, Nifty Bank closed 0.34 per cent higher at 44.002 levels. Globally, investors await Japan's consumer price index (CPI) data, which is slated to be released on Tuesday, August 22.
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 | Bajaj Finance, PowerGrid, Adani Ports rise most in 50-scrip blue-chip basket
Bajaj Finance, PowerGrid, Adani Ports and Adani Enterprises are among the top gainers in the Nifty basket, trading with gains of around 2-3 per cent. On the other hand, Jio Financial Services, RIL, M&M and Britannia are among the top losers, down up to 5 per cent.
Source: NSE
Share Market HIGHLIGHTS: Sensex closes 267 pts higher, ends 2-day losing streak, Nifty 6 pts shy of 19,400
Nifty 50
Nifty ends 6 points shy of 19,400, up 0.43 per cent.
Source: NSESensex
Sensex closes 267 points higher at 65,216.
Source: BSE
Share Market Today LIVE | Power stocks charged up; S&P BSE Power index up nearly 2%
Shares of most power stocks are trading with decent gains in the afternoon trade on Monday (August 21) amid a broad-based rally in the market. The S&P BSE Power index was trading 1.82 per cent higher at 4,334.44 levels at the time of writing this report. Among individual stocks, Adani Power was the top gainer on the index (up 6.61 per cent) at Rs 324.80. Next on the list were Adani Transmission (up 5.44 per cent), Adani Green (up 3.01 per cent), and Power Grid (up 2.53 per cent). Read more
Share Market Tips LIVE | Buy Triveni Engineering, KNR Constructions shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Triveni Engineering shares for a target of Rs 320 with a stop loss at Rs 295. Besides, he recommends buying KNR Constructions shares for a target of Rs 270 with a stop loss at Rs 245.
Share Market Today LIVE | Nasdaq futures edge higher, at 14,836
Share Market Today LIVE | Dow futures inch higher, at 34,668
Nifty Today LIVE | Bajaj Finance, ICICI Bank, Infy among top movers
Bajaj Finance, ICICI Bank, Infy, ITC and Bharti Airtel are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, RIL, M&M and Maruti Suzuki are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | 250% final dividend; metal stock sets record date
APL Apollo Tubes Limited, India's largest structural steel tubing company, has recommended a final dividend of 250 per cent per equity share. The dividend has been announced for the financial that ended Marcy 31, 2023. In an exchange filing, the company said that its board has also fixed the record date for the dividend.
APL Apollo Tubes dividend 2023: Record date
In order to be eligible to get benefits of the corporate action, a person should own the shares of the company before the record date. Read more
Share Market Today LIVE | Sungarner Energies SME IPO hits Street; Check out issue price, lot size, listing date, other important details
Sungarner Energies’ IPO, worth an estimated Rs 5.3 crore, hit Dalal Street on Monday, August 21. The initial share sale of Sungarner Energies, a manufacturer of solar inverters, online UPS systems, EV chargers and lead acid batteries, is a fixed-price SME IPO comprising fresh issuance of 6.4 lakh shares.
Here are some of the key things to know about the Sungarner Energies SME IPO:
Important dates:
The IPO, which opened for subscription on August 21, will close on August 23 and will be open from 10 am to 5 pm during the three-trading period. The basis of the allotment of shares under the SME IPO is likely to be finalised on August 28.
Successful bidders will likely get shares credited into their demat accounts on August 30, whereas other participants will have refunds initiated the previous day (August 29). Sungarner Energies shares are likely to be listed on stock exchange NSE’s SME platform on August 31. Read more
Source: Official website/ Representational image Share Market Today LIVE | Graphite India, HEG shares soar here's what's boosting the graphite electrode maker stocks
Shares of graphite electrode manufacturers Graphite India and HEG are in high demand on Monday, after brokerage Jefferies maintained its ‘buy’ rating for each and raised its target prices for the stocks by up to 49 percent.
HEG shares gain by as much as Rs 100.7, or 5.9 percent, to Rs 1,798.2 apiece in intraday trade on BSE, halting a two-day losing streak. The Graphite India stock rise by Rs 18.1, or 4.2 percent, to touch the Rs 450 apiece mark at the strongest level of the day, continuing to gain for a second straight session. Read more
Share Market Today LIVE | Tanla Platforms drops nearly 5% on announcement to end partnership with Vodafone Idea
Shares of Tanla Platforms are trading at Rs 1048.3 apiece, down 4.63 per cent, on BSE after the multinational cloud communications company informed bourses that it will be ending its partnership with telecom major Vodafone Idea in November.
Here's how the stock has moved so far:
Source: BSE
Share Market Today LIVE | Bharat Forge hits 52-week high after company's defence unit bags Rs 850-crore deals
Bharat Forge shares scale a 52-week high on Monday after the company's wholly-owned defence subsidiary, Kalyani Strategic Systems, bagged two export orders worth 93.87 million euro (around Rs 850 crore) from friendly countries. The stock of conglomerate Bharat Forge gain by Rs 17.9, or 1.8 per cent, to touch Rs 987.4 apiece at the strongest level of the day on BSE, crossing an earlier 52-day peak of Rs 983.4 apiece scaled earlier this month. Read more
Share Market Today LIVE | KEC International shares rise higher after firm secures orders worth Rs 1,007 crore
The stock of KEC International is shining brightly on Monday after the company announced that it had secured orders worth Rs 1,007 crore for its various businesses. The share of India's second-largest manufacturer of electric power transmission towers is soaring 4.43 per cent higher at 651.6 on BSE.
In its filing to the National Stock Exchange (NSE) on Friday, the company elaborated that its civil business has secured an order for the design, engineering, procurement, and construction of a multispeciality hospital in India. Read more
Stocks to buy | Axis Bank, Bank of Baroda, Tata Consumer, TVS Motor among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Mehul Kothari, Sandeep Jaina and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Week. On the top analysts' 'buy' list are stocks such as Bharat Forge, India Cements, S.P. Apparels, Jubilant FoodWorks, AI Engineering, Gabriel India, Axis Bank, Bank of Baroda, ACC, Ambuja Cement, TVS Motor and Tata Consumer Products. Read more
Share Market Today LIVE | Titan Company shares rise after Tata Group firm increases stake in CaratLane; here is what top brokerages say
Shares of Titan Company rise nearly a per cent to Rs 3,073.75 apiece on the BSE after the company last week announced the acquisition of an additional 27.18 per cent stake in its subsidiary CaratLane, taking its total holding to 98.28 per cent. The Tata group-controlled firm entered into a share purchase agreement on Saturday to acquire 91.90 lakh equity shares held by the founder of CaratLane Trading Pvt Ltd and his family members, according to a regulatory filing.
What do analysts make of the transaction?
"The current transaction pegs Caratlane’s valuation at c.Rs 170 billion (US$ 2 billion), which is lower than our target valuation of c.Rs 245 billion (US$ 3 billion) for the business. The valuation differential, at least part thereof, is likely attributable to the premium attributable to Tata co-branding, in our view, and Titan has possibly excluded that aspect from the acquisition price that it would be paying for the balance stake," wrote Richard Liu, Mehul Desai, and Sumanyu Saraf, research analysts at JM Financial, in their latest report issued on August 19.
From an FY25E financials perspective, the analysts estimate the deal to have a c.4 per cent hit on Titan’s consolidated EPS (as shown in the table below), though there could be some savings from the unabsorbed losses carried in Caratlane’s books. Read moreImage: Official website
Dividend stocks| RIL, Chambal Fertilizers & Chemicals, ITD Cementation among 8 shares trade ex-date today
A total of eight stocks traded ex-dividend on Monday, August 21, according to the NSE website. The list includes RIL, Chambal Fertilizers & Chemicals, ITD Cementation, and other stocks.
Vascon Engineer dividend
Vascon Engineer has announced an interim dividend of Re 0.25 per equity share with a face value of Rs 10. The record date is also August 21.
Jagsonpal Pharma dividend
Jagsonpal Pharmaceuticals has announced a dividend of Rs 5 per equity share with a face value of Rs 5. The record date is also August 21.
Finolex Industries dividend
Finolex Industries has announced a dividend of Rs 1.5 per equity share with a face value of Rs 2.
Chambal Fertilizers & Chemicals dividend
Chambal Fertilizers & Chemicals has announced a dividend of Rs 3 per equity share with a face value of Rs 10.
ITD Cementation India dividend
ITD Cementation India has announced a dividend of Re 0.75 per equity share with a face value of Rs 1. Read more
Image source: Pexels/ Representational image
Share Market Tips | Buy Coal India Rs 230 call option, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking suggests buying the Rs 230 call option of Coal India for a target of Rs 4.5-5.5 with a stop loss at Rs 2.
He is of the view that the stock has given signs of a pullback after significant correction.
Currency Update | Rupee rises 5 paise to 83.05 against US dollar
The rupee recovers from its all-time low levels and appreciates by 5 paise to 83.05 against the US dollar in early trade on Monday tracking a positive trend in domestic equities.
Share Market Tips | Buy Pitti Engineering shares, target Rs 700, says Vikas Sethi
Vikas Sethi of Sethi Finmart suggests buying Pitti Engineering shares for a target price of Rs 700 with a perspective of 9-12 months.
In the past year, the stock has rewarded investors with a return of 64 per cent.
Image: 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 19,200-19,250 levels and a strong buy zone at 18,975-19,025 levels on Monday, August 21. For the Nifty Bank, he expects support at 43,600-43,675 levels and stronger support at 43,350-43,500 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Jio Financial Services Listing LIVE UPDATES | Anil Singhvi suggests stop loss for JFSL
Shares of Jio Financial Services Ltd (JFSL) are set to be listed on bourses today. The announcement in this regard was made by the company on August 18. According to a circular, the equity shares of Jio Financial Services Ltd - formerly known as Reliance Strategic Investments Limited - shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities.
Zee Business Managing Editor Anil Singhvi on Monday said that long-term investors can hold shares of Jio Financial Services Ltd. Read more on Jio Financial Services Listing LIVE UPDATES
Image source: Reuters
Share Market Today LIVE | Nifty near 19,350, Sensex up nearly 100 pts
Nifty 50
Nifty trades at 19,331, up 0.11 per cent in opening deals.
Source: NSESensex
Sensex trades at 65,031.3, up nearly 100 points in opening deals.
Source: BSE
Traders' Diary | Buy, sell or hold strategy on ITC, HDFC AMC, Titan, HUL, USL, 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 21. 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 KEC International shares in the cash segment for a target price of Rs 640 with a stop loss at Rs 615
- Buy USL futures for a target price of Rs 1,030 with a stop loss at Rs 984
- Buy the Rs 2,500 put option of HDFC AMC at Rs 72 for a target of Rs 120 with a stop loss at Rs 55
- Technical pick: Buy Escorts shares for a target of Rs 2,920 with a stop loss at Rs 2,800
- Fundamental pick: Buy NTPC shares for a one-year target of Rs 260
- Investment idea: Buy Britannia shares for one-year target of Rs 5,400. Read more
Stocks to Watch | Reliance Industries, Jio Financial Services, Titan, KEC International, Mahindra & Mahindra among top stocks to track today
Here is a list of stocks that will be in focus today:
Jio Financial Services
Jio Financial Services, the financial arm of Reliance Industries, which was demerged from the parent company recently, will be listed on the stock exchanges today. MSCI will include Jio Financial Services in MSCI Global Standard Indices effective from August 23, 2023. FTSE RUSSEL will keep Jio Financial Services in the index
Titan Company
Titan may buy an additional 27.18 per cent stake in CaratLane for Rs 4,621 crore. Post-acquisition stake in CaratLane will increase from 71.09 per cent to 98.28 per cent. CaratLane is an unlisted subsidiary of the company.
KEC International
The company has received Rs 1,007 crore orders for its various businesses. The order is for Civil, Transmission and Distribution, or T&D and cables business.
Auto stocks
Bharat Ncap will be launched on August 22 which will enable a 'Made In India' rating for vehicles. Read more
Share Market Today LIVE | Nifty 50, Sensex likely to make a muted start amid mixed global cues
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 5 points or 0.03 per cent at 19,311 ahead of the opening bell on Dalal Street.
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