Share Market HIGHLIGHTS: Nifty cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run; Infosys nosedives 8%

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Share Market HIGHLIGHTS | Infy, HUL, HCL Tech emerge as top losers; L&T, ONGC, NTPC rise most in 50-scrip blue-chip basket

Infy, HUL, HCL Tech and Wipro are among the top losers, down nearly 8-3 per cent. On the other hand, L&T, ONGC, NTPC and SBI are among the top gainers in the Nifty basket, trading with gains of around 4-1 per cent.

Source: NSE

Share Market HIGHLIGHTS | Nifty cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run

Nifty 50

Nifty cracks below 19,750, down by 1.17 per cent. 

Source: NSE

Sensex

Sensex ends 888 points lower at 66,684, halts 6-day winning run.

Source: BSE

Share Market Today LIVE | HDFC Life Q1 profit rises 15% to Rs 415 cr

HDFC Life reports a 15 per cent increase in net profit at Rs 415 crore for first quarter of the current fiscal year. The company had reported Rs 361 crore profit in April-June 2022-23. The total premium rises 16 per cent to Rs 11,673 crore during the quarter as compared with Rs 10,050 crore in the year-ago period, HDFC Life said in a statement. Read more 

Share Market Today LIVE | UltraTech Cement Q1 PAT rises 7% to Rs 1,688 crore

Aditya Birla group firm UltraTech Cement on Friday reports a 7 per cent rise in its consolidated profit after tax (PAT) to Rs 1,688 crore for the first quarter ended June 2023, aided by robust sales in the domestic market. The company had posted a PAT of 1,584 crore in the April-June quarter of the last fiscal. Read more

Share Market Today LIVE | United Spirits Q1 Results: Net profit jumps to Rs 477 crore in June quarter

United Spirits reports a consolidated net profit of Rs 477 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal. Total income rose to Rs 5,830 crore in the first quarter. It stood at Rs 7,157 crore in the year-ago period.

In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022. Read more 

United Spirits is having a Tata Communications moment, says Anil Singhvi; stock hits 52-week high post-Q1 results

United Spirits (NSE: MCDOWELL-N) trades at 1,041 or Rs 65.60 or 6.73 per cent on BSE. The counter shares rose as much as 7 per cent and hit a 52-week high on the BSE at Rs 1,047.95 apiece after the company posted better-than-expected results for the June quarter (Q1FY24).

Anil Singhvi's view on United Spirits 
Zee Business Managing Editor Anil Singhvi said that United Spirits is having a Tata Communications moment where its performance is improving quarter after quarter (QoQ). Singhvi added that this stock will become everyone's favourite soon and has a scope of doubling or tripling in the coming time. Read more 

Share Market Today LIVE |  Ashok Leyland, BHEL, ICICI Bank, ITC, other stocks hit 52-week highs

As many as 35 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | Nifty cracks near 19,750, Sensex drops 800 pts

Nifty 50

Source: NSE

Sensex

Source: BSE

Share Market Today LIVE | ICICI Bank, ITC, other stocks hit 52-week highs

As many as 4 stocks in the S&P BSE Sensex basket reached the milestone. 

Share Market Today LIVE | L&T to consider share buyback next week; stock hits 52 week high

Larsen and Toubro (NSE: LT) shares trade at Rs 2,561, up by 2.87 per cent on NSE. The counter rose over 3 per cent and hit 52 week high on the BSE at Rs 2,572.8 apiece. The D- Street showed buying interest in the stock after the engineering and construction conglomerate announced it was considering a share buyback.

"A meeting of Board of Directors will be held on Tuesday, 25th July 2023, to approve..... buyback of equity shares of the Company in accordance with the provisions of the Companies Act, 2013 and SEBI (Buyback of Securities) Regulations 2018," the regulatory filing read. Read more 

Ashok Leyland Q1 results | Net profit comes in at Rs 576.42 crore against Rs 68 crore in Q1FY23

Ashok Leyland reports a 747 per cent jump in its standalone net profit at Rs 576.42 crore for the quarter ended June 30, 2023. The firm had posted a profit of Rs 68.05 crore in the year-ago period. Revenue from operations comes in at Rs 8,189.29 crore, up 13.3 per cent against Rs 7,222.65 crore logged in the corresponding quarter of the previous fiscal. Read more

Stocks to buy: ICICI Bank, MCX, Grasim, GAIL, ICICI Securities, Marico among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Sacchitanand Uttekar, Sumeet Bagadia, Rakesh Bansal 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 ICICI Bank, MCX, Grasim, GAIL, ICICI Securities and Marico. Read more 

Share Market Today LIVE | Dalmia Bharat shares slip 4% after Q1 profit falls 30% to Rs 144 crore

Shares of Dalmia Bharat trade at Rs 1,951.4 apiece, down by Rs 69.55, or 3.44 per cent on the NSE. The dip in the counter follows after the cement manufacturer reported a 29.75 per cent decline in consolidated profit after tax (PAT) at Rs 144 crore for the June quarter, impacted by higher expenses. The stock opened at Rs 1,979 and dipped as much as nearly 4 per cent to touch the day's low of Rs 1,943 from the previous close of Rs 2,020.95 on the NSE.

India's fourth-largest cement producer by market capitsalisation — Dalmia Bharat—in a regulatory filing said that it had posted a consolidated profit after tax of Rs 205 crore in the first quarter of the last fiscal year. Consolidated revenue from operations was Rs 3,624 crore as compared to Rs 3,302 crore in the year-ago period.

Image source: Official website

Share Market Today LIVE | RIL slips over 2% ahead of Q1 results; here's what to expect from oil-to-telecom behemoth

Shares of Reliance Industries (RIL) slips more than 2 per cent to Rs 2,563.05 apiece on the NSE ahead of its June quarter results announcement, due later today. In the previous session, the domestic stock exchanges, NSE and BSE, conducted a one-hour special session for RIL to discover the price of its demerged entity, Jio Financial Services, which is expected to list on the bourses in the next 2-3 months.

Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected Rs 261.85 ($3.19) in its demerger from RIL. Read more

Currency Update | Rupee falls 12 paise to 82.05 against US dollar

The rupee depreciates 12 paise to 82.05 against the US dollar in early trade on Friday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments.

Share Market Today LIVE | Should you buy, sell or hold HUL shares after FMCG major's Q1 show falls short of Street expectations?

Hindustan Unilever Ltd (HUL) shares trade at 2,649.05, down by nearly 2 per cent on BSE, a day after the FMCG major reported worse-than-expected results for the April-June period. HUL shares dropped by as much as Rs 63.8 or 2.4 per cent to Rs 2,638.6 apiece on BSE in early deals. 

HUL Q1 results: A summary

After market hours on Thursday, HUL reported an eight per cent rise in net profit to Rs 2,472 crore for the quarter ended June 2023 compared with the corresponding period a year ago. Its revenue increased 6.1 per cent on a year-on-year basis to Rs 15,148 crore, according to a regulatory filing. Read more

Share Market Today LIVE |Infosys tumbles 9% as FY24 revenue guidance lowered sharply; should you buy, sell, or hold?

In a rude shock, India's second-largest IT services firm, while announcing its Q1FY24 results, sharply lowered its FY24 revenue guidance to 1 per cent - 3.5 per cent in constant currency (CC) terms, compared to 4 per cent -7 per cent guided in the previous quarter. The substantial cut in the guidance is mainly attributed to lower-than-expected volume and discretionary spending, delays in decision-making, and push-outs in anticipated mega deals. The counter tumbles over 7per cent to trade at 1,341.75 on BSE in Friday's session. Read more

Dividend stocks | Tech Mahindra, Cipla, Dabur, L&T Finance Holdings, Intellect Design, M&M Financial Services, among 45 stocks trade ex-dividend today

A total of 45 stocks traded ex-dividend on Friday, July 21, according to the BSE website. The list includes Tech Mahindra, Cipla, Dabur, L&T Fin Holdings, Intellect Design, M&M Fin Services, and other stocks.

Cipla dividend

Cipla has announced a dividend of Rs 8.5 per equity share with a face value of Rs 2. The record date is also July 21.

Astec LifeSciences dividend

Astec LifeSciences has announced a dividend of Rs 1.5 per equity share with a face value of Rs 10.

Minda Corporation dividend

Minda Corporation has announced a dividend of Re 0.8 per equity share with a face value of Rs 2.

Dabur India dividend

Dabur India has announced a dividend of Rs 2.7 per equity share with a face value of Rs 1.

Tech Mahindra dividend

Tech Mahindra has announced a final dividend of Rs 32 per equity share with a face value of Rs 5.

M&M Financial dividend

Mahindra & Mahindra Financial Services has announced a dividend of Rs 6 per equity share with a face value of Rs 2. Read more 

Image source: Pixabay/ Representational image 

Share Market Today LIVE | Nifty Bank scales fresh peak of 46,369.5

Share Market Today LIVE | Sensex drops 500 pts, Nifty cracks above 19,800

Nifty 50

Nifty trades at 19,827, down by 0.76 per cent in opening deals. 

Source: NSE

Sensex

Sensex drops 500 points at 67,050.9 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 Nifty index coming in at 19,800-19,850 levels and a strong buy zone at 19,700-19,750 levels on Friday, July 21. For the Nifty Bank, he expects support at 45,700-45,900 levels and a strong buy zone at 45,450-45,650 levels.

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

Stocks To Watch | L&T, Infosys, Coforge, DLF, Reliance Industries, Utkarsh Small Finance Bank, HUL among top stocks to track today

Here's a list of stocks that may trade actively today: 

Infosys: The IT bellwether shocked the street by slashing its FY24 guidance by a huge margin. The company's ADRs slumped over 11 per after the Q1 results announcement.

Hindustan Unilever (HUL): Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in a challenging environment. The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing.

Utkarsh Small Finance Bank: The shares of the company are slated to list on bourses today. 

Coforge: Mid-cap IT services company Coforge on Thursday reported a consolidated net profit of Rs 165 crore for the quarter ended June 30, 2023 (Q1FY24), up 43.9 per cent against Rs 149 crore registered in the year-ago period. On a yearly basis, the net profit increased by 10 per cent. Read more

Share Market Today LIVE | Utkarsh Small Finance Bank shares to debut on BSE, NSE today

Utkarsh Small Finance Bank is all set to make a secondary market debut on Dalal Street at 10 am on Friday, July 21. The listing comes after Utkarsh Small Finance Bank's initial public offer (IPO), to raise up to Rs 500 crore, received a robust response from investors. The IPO of Utkarsh SFB — a Varanasi, Uttar Pradesh-based small finance bank — comprised fresh issuance of shares. 

Zee Business Managing Editor Anil Singhvi, who recommended applying for the Utkarsh Small Finance Bank IPO for "big listing gains", suggests investors go long on the lender from a long-term perspective. He finds Utkarsh Small Finance Bank's valuation to be more attractive than its peers. Read more

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!

Share Market Today LIVE | GIFT Nifty futures indicate sharply lower start ahead on Dalal Street

GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 105 points or 0.53 per cent at 19,873.5 ahead of the opening bell on Dalal Street.