Share Market HIGHLIGHTS: Nifty climbs to 19,575, Sensex settles 152 pts higher; Apollo Hospitals, CIL jump 3%
Share Market HIGHLIGHTS: Healthy buying in FMCG, IT, pharma, realty, metals, and oil and gas stocks helped the domestic equity market settle higher for the third consecutive session on Tuesday (September 5). 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: Healthy buying in FMCG, IT, pharma, realty, metals, and oil and gas stocks helped the domestic equity market settle higher for the third consecutive session on Tuesday (September 5). The Nifty Midcap 100 and Small Cap 100 indices also participated in the rally as both indices hit fresh record highs.
At close, the S&P BSE Sensex stood at 65,780.26, up 0.23 per cent or 152.12 points, while the NSE's Nifty ended 0.24 per cent or 46.1 points higher at 19,575 levels. In the Nifty 50 basket, 33 stocks advanced and 17 declined.
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:
Latest Updates
Share Market HIGHLIGHTS | Apollo Hospitals, Coal India, Sun Pharma rise most in 50-scrip blue-chip basket
Apollo Hospitals, Coal India, Sun Pharma and BPCL are among the top gainers in the Nifty basket, trading with gains of around 3 per cent. On the other hand, UltraTech Cement, Dr Reddy's, Sbi Life Insurance Company and Maruti Suzuki are among the top losers, down nearly 1.5 per cent.
Source: NSE
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Share Market HIGHLIGHTS | Nifty climbs to 19,575, Sensex settles 152 pts higher
Nifty 50
Nifty ends at 19,575, up 0.24 per cent.
Source: NSESensex
Sensex settles 152 points higher at 65,780.26.
Source: BSE
Share Market Tips LIVE | Buy Redington, IKIO Lighting shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Redington shares for a target of Rs 410 with a stop loss at Rs 370. Besides, he recommends buying IKIO Lighting shares for a target of Rs 185 with a stop loss at Rs 150.
Share Market Today LIVE | JM Financial sees 55% upside in Nykaa shares; says company a strong play on India’s secular BPC growth
With assortment being a key reason for shopping online, Nykaa, with 3,400+ brand partners, is being used by 142 of the 203 survey participants, with 30 per cent of them buying more than 50 per cent of their beauty and personal care (BPC) needs on Nykaa, notes JM Financial in their latest report based on a consumer survey.
While 27 per cent of survey participants belonged to the 33–37 age group, they account for 39 per cent of shoppers spending over Rs 10,000 on BPC annually, with over 90 per cent online penetration. Users in this age group suggested higher 'dispensable' income and early signs of ageing are the primary reasons for their increased BPC spending from a few years ago, the brokerage said in its report dated September 4. Read more
Share Market Today LIVE | BHEL, Cyient, IDFC, other stocks hit 52-week highs
As many as 69 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) APLAPOLLO 1,799.00 1,799.50 1,775.00 (04 Sep 2023) 3,945.00 (08 Dec 2020) ASTERDM 340.35 343.45 337.75 (28 Aug 2023) 343.45 (05 Sep 2023) BHEL 139.15 143.55 140.65 (04 Sep 2023) 2,925.00 (07 Nov 2007) CENTURYPLY 719.65 720 709.60 (14 Sep 2022) 833.60 (19 Dec 2007) CGPOWER 439.2 449.75 440.00 (04 Sep 2023) 3,000.00 (31 Mar 1992) CHOLAHLDNG 998.45 1,013.10 1,003.15 (04 Sep 2023) 1,013.10 (05 Sep 2023) COCHINSHIP 934 956.95 942.60 (04 Sep 2023) 956.95 (05 Sep 2023) COFORGE 5,617.60 5,631.60 5,504.70 (04 Sep 2023) 6,133.00 (04 Jan 2022) COROMANDEL 1,128.60 1,133.00 1,127.25 (04 Sep 2023) 1,133.00 (05 Sep 2023) CYIENT 1,936.00 1,945.45 1,779.95 (04 Sep 2023) 1,945.45 (05 Sep 2023) DEVYANI 216.6 218 204.80 (26 Jul 2023) 218.00 (05 Sep 2023) DIXON 5,150.00 5,225.00 5,164.15 (01 Sep 2023) 21,500.00 (15 Mar 2021) DLF 521.3 525.75 521.70 (31 Jul 2023) 1,225.00 (15 Jan 2008) ENGINERSIN 163.8 167.25 166.55 (24 Aug 2023) 2,599.00 (25 Mar 2010) GAIL 123.9 127.1 123.75 (04 Sep 2023) 555.00 (01 Jan 2008) GICRE 227.75 229.45 228.45 (04 Sep 2023) 895.00 (25 Oct 2017) GPPL 133.1 135.75 134.00 (30 Aug 2023) 262.00 (06 Apr 2015) GRASIM 1,856.85 1,872.40 1,867.00 (08 Aug 2023) 5,348.50 (05 Aug 2016) GSFC 190.4 192.85 188.10 (04 Sep 2023) 575.00 (02 Apr 1992) HCLTECH 1,239.10 1,241.45 1,235.00 (04 Sep 2023) 3,021.00 (21 Feb 2000) HUDCO 78.17 80.4 78.19 (04 Sep 2023) 102.35 (14 Jul 2017) IDBI 69.63 71.25 66.90 (07 Aug 2023) 202.25 (11 Nov 2010) IDFC 127.9 132 131.50 (04 Sep 2023) 235.00 (03 Jan 2008) IDFCFIRSTB 98.02 100.74 98.99 (04 Sep 2023) 100.74 (05 Sep 2023) INDIAMART 3,205.20 3,264.95 3,207.50 (09 Aug 2023) 9,951.95 (05 Feb 2021) INTELLECT 743.65 746.9 742.65 (01 Sep 2023) 986.00 (07 Apr 2022) IRFC 72.71 75.72 66.78 (04 Sep 2023) 75.72 (05 Sep 2023) ITI 128.85 131.55 129.50 (04 Sep 2023) 275.00 (11 Jan 1994) KPIL 680.55 687.85 686.20 (04 Sep 2023) 2,119.95 (05 Apr 2006) LATENTVIEW 462.85 466.45 464.95 (04 Sep 2023) 755.00 (26 Nov 2021) LICHSGFIN 457 458.25 455.35 (04 Sep 2023) 1,496.50 (29 Sep 2010) LTIM 5,455.85 5,463.35 5,425.00 (05 Jul 2023) 7,595.25 (04 Jan 2022) LTTS 4,613.50 4,623.95 4,539.65 (04 Sep 2023) 5,958.10 (04 Jan 2022) MAHABANK 41.27 42.7 41.90 (04 Sep 2023) 96.50 (07 Jan 2008) MAHSCOOTER 7,774.40 7,826.90 7,699.90 (04 Sep 2023) 7,826.90 (05 Sep 2023) MASTEK 2,415.15 2,425.80 2,399.50 (01 Sep 2023) 6,465.20 (26 Nov 1999) MINDACORP 350.6 354.8 352.85 (04 Sep 2023) 354.80 (05 Sep 2023) MMTC 62.96 62.96 52.47 (04 Sep 2023) 56,931.50 (12 Nov 2007) MOTHERSON 100.58 103.5 103.06 (04 Sep 2023) 540.25 (20 Jul 2015) MPHASIS 2,548.35 2,550.95 2,509.55 (04 Sep 2023) 3,659.75 (19 Oct 2021) MRPL 97.75 99.35 98.85 (04 Sep 2023) 149.00 (04 Jan 2008) NAM-INDIA 324 326.75 326.50 (10 Aug 2023) 476.50 (19 Oct 2021) NBCC 57.63 57.71 57.70 (04 Sep 2023) 1,214.50 (06 Aug 2015) NESCO 735.75 746.3 734.95 (01 Sep 2023) 2,936.00 (08 Sep 2017) NHPC 52.87 53.67 52.71 (01 Aug 2023) 53.67 (05 Sep 2023) NTPC 232.7 236.95 236.40 (04 Sep 2023) 291.00 (15 Jan 2008) OFSS 4,226.15 4,232.00 4,167.45 (01 Sep 2023) 5,144.60 (19 Oct 2021) ONGC 185.05 186 184.65 (01 Sep 2023) 1,514.00 (10 May 2006) PERSISTENT 5,890.00 5,893.80 5,800.00 (04 Sep 2023) 5,893.80 (05 Sep 2023) PHOENIXLTD 1,870.00 1,901.20 1,884.35 (04 Sep 2023) 37,536.25 (21 Sep 2005) PNB 67.22 68.63 67.80 (04 Sep 2023) 1,395.00 (09 Nov 2010) POLYCAB 5,268.70 5,300.00 5,272.35 (04 Sep 2023) 5,300.00 (05 Sep 2023) PRAJIND 539.5 541.5 514.00 (22 Aug 2023) 1,103.80 (16 Aug 2005) PRINCEPIPE 725.5 739.2 737.00 (04 Sep 2023) 896.65 (09 Nov 2021) PRSMJOHNSN 140.55 144.3 143.80 (20 Sep 2022) 160.00 (17 Jan 2022) RATNAMANI 2,694.30 2,775.00 2,768.55 (04 Sep 2023) 2,857.00 (03 Jun 2022) RAYMOND 2,189.00 2,240.00 2,069.25 (01 Sep 2023) 2,240.00 (05 Sep 2023) RITES 524.5 540.7 531.30 (04 Sep 2023) 540.70 (05 Sep 2023) SONATSOFTW 1,079.30 1,099.40 1,094.00 (18 Jul 2023) 2,936.60 (16 Feb 2000) TATACOMM 1,885.80 1,891.10 1,888.00 (04 Sep 2023) 3,250.00 (11 Feb 2000) TATAPOWER 257.3 262.5 262.30 (04 Sep 2023) 3,500.00 (29 Jan 1992) TMB 579.05 583.05 579.30 (21 Aug 2023) 583.05 (05 Sep 2023) TRIDENT 42.63 43.75 41.85 (05 Sep 2022) 109.50 (20 Sep 2017) TV18BRDCST 50.45 51.65 51.40 (01 Sep 2023) 1,264.90 (07 Jan 2008) VBL 930.65 941.6 934.50 (17 Aug 2023) 1,747.15 (26 May 2023) VTL 411.95 414.4 408.00 (04 Sep 2023) 2,880.00 (21 Jan 2022) WIPRO 434.55 437.3 436.40 (04 Sep 2023) 9,800.00 (22 Feb 2000) ZENSARTECH 568.1 575 541.80 (04 Sep 2023) 1,723.70 (03 Sep 2018) ZFCVINDIA 15,236.00 15,317.45 15,175.50 (04 Sep 2023) 15,317.45 (05 Sep 2023) Share Market Today LIVE | M&M Finance gains on 15% rise YoY in disbursements in August
Shares of Mahindra and Mahindra Finance gains 2 per cent after the financial services arm of the Mahindra and Mahindra Group reported a rise in disbursements year-on-year in the month of August. The non-banking finance company informed bourses that its disbursements increased by 15 per cent YoY in August to a total of Rs 4,400 crore. Read more
Stocks to Buy | M&M, Britannia, Tata Power among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sumeet Bagadia, Himanshu Gupta, Avinash Gorakshakar, Kunal Saraogi and Sandeep Wagle 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 Britannia, PNB, Tata Power, M&M, IDFC and Tata Chemicals. Read more
Share Market Today LIVE | UTI AMC, HDFC AMC, and Nippon India shares get a boost after Zerodha files papers to launch mutual fund schemes
Shares of asset management companies UTI AMC, HDFC AMC, and NIPPON INDIA trade on a high note, a day after Zerodha MF filed papers with Sebi to start two mutual fund (MF) schemes. The share of UTI AMC trades higher by 2.19 per cent, HDFC is up 0.85 per cent, while Nippon India moved up by 2.02 per cent in early trading hours on Tuesday.
Zerodha, which got its mutual fund licence last month, said on Monday that it had submitted its papers to the Securities Exchange Board of India (Sebi) to launch its two mutual fund schemes: the Zerodha Tax Saver (ELSS) Nifty Large Midcap 250 Index Fund and the Zerodha Nifty Large Midcap 250 Index Fund (ZN250). Read more
Share Market Today LIVE | HCL Tech, NTPC hit 52-week highs
HCL Tech, NTPC and Wipro in the S&P BSE 500 Sensex reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) HCLTECH 1,238.65 1,241.45 1,235.00 (04 Sep 2023) 3,021.00 (21 Feb 2000) NTPC 233.8 236.95 236.40 (04 Sep 2023) 291.00 (15 Jan 2008) WIPRO 436.05 437.3 436.40 (04 Sep 2023) 9,800.00 (22 Feb 2000) Share Market Today LIVE | Analysts banking on a textile firm’s long-term growth story; what's keeping them excited?
Nitin Spinners shares have grown more than 50 per cent so far in 2023, having sharply outperformed a 7.6 rise in the headline Nifty index, and analysts are banking on a significant further upside in the company citing the company’s long-term growth prospects. Is it a good time to enter the Nitin Spinners (NITINSPIN) stock at the current juncture? Many analysts believe the company’s move to expand its production capacity is set to aid its profitability over the long term.
A long-term growth story?
Brokerage ICICI Direct, which has a 'buy' rating on Nitin Spinners with a price target of Rs 360, is of the view that capacity enhancement is likely to support the company's "long-term growth story". The target suggests upside to the tune of 13.6 per cent from the current market price. Its target is based on a valuation multiple of nine times its estimate for the company’s earnings for the year ended March 2023. Read more
Currency Update | Rupee falls 13 paise to 82.84 against US dollar
The rupee depreciates 13 paise to 82.84 against the US dollar amid the withdrawal of foreign funds from domestic equities and firm crude oil prices.
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 19,435-19,465 levels and a strong buy zone at 19,340-19,385 levels on Tuesday, September 5. For the Nifty Bank, he expects support at 44,300-44,425 levels and a strong buy zone at 44,000-44,200 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Raymond hits record high after Jefferies, Motilal Oswal initiate coverage with 'buy' rating, TP set at Rs 2,600
Shares of Raymond, the established apparel brand in India, hit a record high on Tuesday (September 5), after global brokerage Jefferies and domestic broking firm Motilal Oswal Securities initiated coverage on the stock with a 'buy' rating and a target price of Rs 2,600. In the opening deals, the stock hit an all-time high level of Rs 2,151.20 on the BSE. Read more
Share Market Today LIVE | Nifty near 19,550, Sensex up over 50 pts
Nifty 50
Nifty trades near 19,550, up 0.09 per cent in opening deals.
Source: NSESensex
Sensex trades 61 points higher at 65,689.71 in opening deals.
Source: BSE
Traders' Diary | Buy, sell or hold strategy on Paytm, Delhivery, DLF, NHPC, Tanla, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Tuesday, September 5. 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:
Ashish Chaturvedi
- Buy Jayshree Tea shares in the cash segment for a price target of Rs 106 with a stop loss at Rs 100
- Buy Mphasis futures for a target of Rs 2,550 with a stop loss at Rs 2,480
- Buy the Rs 505 call option of Aarti Industries for a target of Rs 24 with a stop loss at Rs 17
- Technical pick: Buy Cosmo First shares for a target of Rs 800 with a stop loss at Rs 740
- Fundamental pick: Buy Sumitomo Chemical shares for a one-year target of Rs 535. Read more
Stock to Watch | Raymond, Oil India, M&M, Bharti Airtel, SpiceJet, and Indian Energy Exchange among top stocks to track today
ZeeBiz takes you through a list of stocks that can be the main attraction when the market opens on Tuesday (September 5, 2023).
Oil India
The board of Oil India on Monday approved an equity contribution of up to Rs 1,738 crore in line with OIL's shareholding percentage (9%) in a Joint Venture Company with Assam Gas Company Limited.
M&M Finance
The company on Monday announced its August business numbers, reporting a 15 per cent year-on-year growth of Rs 4,400 crore in its overall disbursements. "The YTD August 2023 disbursements at Rs. 20,950 crores registered a growth of 22% Y-o-Y. Healthy disbursement trends in the current period have led to Business Assets at Rs. 90,500 crores, growth of 9.4% over March 2023 and 27% over August 2022," the company said in a BSE filing.
DLF
Realty major DLF expects revenue of around Rs 400 crore from sales of 92 luxury independent floors which it will develop on corner plots in Gurugram, its Executive Director Aakash Ohri said. The company has many corner plots in Gurugram and is launching 92 independent floors. These floors will be sold in a price range of Rs 4-5.5 crore each, with a size between 2,400 square feet and 3,100 square feet.
Tata Steel
Clarifying on Zee Business' report on fundraising for the UK plant, Tata Steel said that negotiations are ongoing with the UK government.
Nazara Technologies
The company's board will discuss fundraising through equity shares in the meeting on September 7. Read more
Dividend Stocks | Kajaria Ceramics, Ircon International among 8 shares to trade ex-date
A total of eight stocks will trade ex-dividend on Tuesday, September 5, according to the NSE website. The list includes Kajaria Ceramics, Ircon International, Emami Paper Mills and other stocks.
Emami Paper Mills dividend
Emami Paper Mills has announced an interim dividend of Rs 1.6 per equity share with a face value of Rs 2.
Ircon International dividend
Ircon International has announced a dividend of Rs 1.2 per equity share with a face value of Rs 2.
De Nora India dividend
De Nora India has announced a dividend of Rs 2 per equity share with a face value of Rs 10.
PTC India Financial Services dividend
PTC India Financial Services has announced a dividend of Re 1 per equity share with a face value of Rs 10. The record date is also September 5. Read more
Image: Pixabay/ Representational Image Share Market Today LIVE | GIFT Nifty futures indicate flat start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 23.85 points or 0.12 per cent at 19,590.5 ahead of the opening bell on Dalal Street.
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