Share Market HIGHLIGHTS: Nifty halts 8-day winning run, gives up 19,350, Sensex drops 505 pts
Share Market HIGHLIGHTS: The benchmark indices witnessed a sharp fall on Friday, July 7, after scaling fresh peaks in the early session, tracking a fall in Asian peers on concerns of further monetary policy tightening by the US Federal Reserve. 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 benchmark indices witnessed a sharp fall on Friday, July 7, after scaling fresh peaks in the early session, tracking a fall in Asian peers on concerns of further monetary policy tightening by the US Federal Reserve. At close, the S&P BSE Sensex stood at 65,280.45, down 505 points, or 0.77 per cent while the NSE's Nifty ended at 19,331.80, down 165.5 points, or 0.85 per cent.
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 halts 8-day winning run, gives up 19,350, Sensex drops 505 pts
Nifty 50
NSE's Nifty ends at 19,331.80, down 165.5 points, or 0.85 per cent.
Source: NSESensex
S&P BSE Sensex ends at 65,280.45, down 505 points, or 0.77 per cent.
Source: BSE
Share Market HIGHLIGHTS: Power Grid, Adani Ports, Apollo Hospitals emerge as top losers in 50-scrip blue-chip basket
Power Grid, Adani Ports, Apollo Hospitals and IndusInd Bank are among the top losers, down nearly 3-2 per cent. On the other hand, Tata Motors, Titan, M&M and SBI Life are among the top gainers in the Nifty basket.
Source: NSEShare Market Tips LIVE | Sell AU Small Finance Bank futures, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking suggests selling AU Small Finance Bank in the futures segment for targets of Rs 740 and Rs 730 with a stop loss at Rs 785.
Share Market Today LIVE | Tata Motors hits all-time high
Tata Motors shares gain by as much as nearly 2 per cent to clock an all-time of Rs 612.4 apiece.
Share Market Today LIVE | JLR UK wholesale volumes jump 30% to 93,253 units YOY
Share Market Tips LIVE | Buy Sterling Tools shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Sterling Tools shares for a target of Rs 385 with a stop loss at Rs 360.
Share Market Tips LIVE | Buy ONGC futures, says Ashu Madan
In conversation with Zee Business Managing Editor Anil Singhvi, Ashu Madan of JM Financial Services recommends buying ONGC futures for an open target with a stop loss at Rs 158. It is a stock worth keeping till delivery, he says.
Share Market Tips LIVE | Buy Glenmark Pharma futures, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets recommends buying Glenmark Pharma futures for a target of Rs 720 with a stop loss at Rs 670.
Share Market Today LIVE | United Breweries share price nse bse sensex nifty Karnataka budget Additional Excise Duty on liquor increased
Shares of United Breweries slips as much as 2.75 per cent to Rs 1,499 apiece on the BSE on Friday. The stock came under pressure after Zee Business reported that the Karnataka government has proposed to increase the existing rates of Additional Excise Duty on Indian Made Liquor (IML) by 20 per cent on all 18 slabs as per Annexure 1. It also proposed to increase the Additional Excise Duty on Beer from 175 per cent to 185 per cent.
"With this and effective enforcement and regulatory measures, the revenue collection target for the Excise Department for the year 2023–24 is fixed at Rs. 36,000 crore," the proposal added. Read more
Stocks to buy today: HUL, Tata Chemicals, MGL, Apollo Tyres among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Rajesh Palviya, Kunal Saraogi, Sumeet Bagadia and Siddharth Sedani 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 Apollo Tyres, RIL, Mahanagar Gas, Tata Chemicals and HUL. Read more
Share Market Today LIVE | Dabur India shares slip post-Q1 update; Morgan Stanley remains overweight
Dabur India shares slip as much as 1.5 per cent to touch the day's low of Rs 583.25 from the previous close of Rs 591.95 on the NSE, despite the homegrown FMCG firm reporting that the trends in both urban and rural India have shown signs of improvement in the quarter ended on June 30, 2023.
In its quarterly update, Dabur India said it expects the improvement in gross margins to continue in the ongoing fiscal year, encouraged by the moderation in inflation and growth trends in urban and rural India. "One of the key contributing factors to this positive development has been the reduction in inflation. Sequential moderation in inflation has positively impacted consumer spending power and is resulting in gradual improvement in offtakes in the industry," it said. Read more
Source: Official website
Share Market Today LIVE: Sensex, Nifty at day's low
Nifty
Source: NSE
Sensex
Source: BSE
Dividend stocks: Axis Bank, Bharat Forge, Biocon, Delta Corp, Ashok Leyland among 16 shares go ex-date today
A total of 16 stocks traded ex-dividend on Friday, July 7, according to the NSE website.
Here is the stock that traded ex-date today:
Bharat Forge dividend 2023
Bharat Forge has announced a dividend of Rs 5.5 per equity share with a face value of Rs 2. The stock traded ex-dividend on July 7. The record date is also July 7.
Axis Bank dividend 2023 record date
Axis Bank has announced a dividend of Re 1 per equity share with a face value of Rs 2. The stock traded ex-dividend on July 7. The record date is also July 7. Read more
Share Market Today LIVE | Nykaa gains over 1% post Q1 update; here's what the company said on apparel industry, discretionary spending
Shares of FSN E-Commerce Ventures Limited, the parent company of Nykaa, are trading over a per cent higher at Rs 145.65 on the BSE in the opening deals on Friday, a day after the beauty e-retailer released its business updates for the quarter ended June 30, 2023 (Q1FY24). The company said that the apparel industry has been impacted due to a slowdown in discretionary spending during the quarter, especially in small towns. Read more
Currency Update | Rupee falls 8 paise to 82.68 against US dollar
The rupee depreciates 8 paise to 82.68 against the US dollar in early trade on Friday amid a muted trend in domestic equities and rising crude oil prices.
MARKET AT ALL-TIME HIGH | Nifty crosses 19,520 mark for the first time; Sensex at 65,898.98
ideaForge Tech IPO listing | Shares make a stellar debut; here's what investors may do
ideaForge Technology shares makes a stellar debut in the secondary market on Friday, July 7, listing at Rs 1,305.1 apiece on BSE — a premium of 94.2 per cent over the upper end of the IPO price range. On NSE, the ideaForge stock began its journey at Rs 1,300 apiece, a premium of 93.5 per cent.
Mumbai-based drone manufacturer ideaForge's IPO, to raise up to Rs 567 crore, concluded last month with a subscription of 106 times the shares on offer. The ideaForge stock is traded on the exchanges with the symbol IDEAFORGE. Read more
Share Market Today LIVE | Titan Company shares hit 52-week high on 20% YoY revenue growth in Q1
Titan Company shares gain as much as 3.2 per cent to clock a 52-week high of Rs 3,210 apiece, surpassing an earlier peak of Rs 3,113.90 touched on July 5 on the NSE. The trend in the stock follows after Titan reported 20 per cent year-on-year (YoY) revenue growth on Tuesday, with all key consumer businesses exhibiting double-digit growth for the quarter ended June 30, 2023, as per the jewellery maker's communiqué. Read more
Anil Singhvi Strategy July 7 | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,375-19,425 levels and a strong buy zone at 19,300-19,350 levels on Friday, July 7. For the Nifty Bank, he expects support at 45,000-45,150 levels and a strong buy zone at 44,750-44,900 levels. Read more
Share Market Today LIVE | Sensex drops 70 pts, Nifty below 19,450
Nifty 50
NSE's Nifty 50 trades at 19,452.7, down by 0.23 per cent in early morning deals.
Source: NSESensex
S&P BSE Sensex drops 70 pts to 65,713.81 in early morning deals.
Source: BSE
Share Market Today LIVE | IdeaForge Technology, Titan Co, Dabur, Tata Steel, Subros, Tatva Chintan Pharma among top stocks to track
Here's a list of the stocks that may remain in focus today.
IdeaForge Technology: The shares of the company are expected to list on bourses today.
Titan Company: The Tata Group company said it recorded revenue growth of 20 per cent, year-on-year (YoY), in the June quarter of the financial year 2023–24 (Q1 FY24). All key consumer businesses exhibited double-digit growth during the quarter, the company said.
Tatva Chintan Pharma Chem Ltd: The company informed BSE that the meeting of the Board of Directors of the company is scheduled on July 11 to consider and approve fundraising and other business transactions, as applicable. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a muted start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — were down 2 points or 0.01 per cent at 19,486 at the last count ahead of the opening bell on Dalal Street.
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