Share Market HIGHLIGHTS: Sensex ends volatile day 179 pts higher, Nifty reclaims 18,300; Latent View plunges 10%

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Share Market Today | Sensex ends volatile day 367 pts off day's low, Nifty 50 reclaims 18,300 

Both headline indices finish the day 0.3 per cent higher. The Sensex ends with a gain of 178.9 points at 61,940.2, having recovered 367.3 points from its weakest level of the day. The Nifty 50 settles at 18,315.1, up 49.2 points from its previous close, after broadly moving in the 18,200-18,350 band during the session. 

Here's how the gauges moved through the day: 

Nifty 50 

Sensex 

Read more on the May 10 session

Mankind Pharma IPO Listing | Manforce condom maker off listing high, but remains well among India's top 100 most valuable firms

Even as the newly-listed Mankind Pharma shares take a breather on Dalal Street, the pharma and healthcare products company remains well among the country's top 100 most valuable companies. Despite the correction, the stock of Mankind Pharma — whose popular products include Manforce condoms and Prega News pregnancy test kits — in fact keeps the company in the top 90 club. 

Read more on Mankind Pharma shares

Shemaroo Entertainment shares hit upper circuit

Shemaroo Entertainment shares were locked in the upper circuit of 10 percent to Rs 129.70 per share during Wednesday’s trading session on the BSE post robust Q4 results.

The media company has reported a total income of Rs. 164.7 crores during the March quarter of FY23, as compared to Rs. 150.4 crores in the December quarter of the previous fiscal.

IndusInd Bank shares jump 3%

IndusInd Bank's share price jumped nearly 3 per cent to touch the day’s high level of Rs 1,174 per share on the BSE during Wednesday’s session after the global brokerage firm UBS Securities upgraded the private sector lender to 'buy' from 'neutral'.

The brokerage has also raised the target price on the stock to Rs 1,450 from Rs 1,250 apiece.

Zomato shares in focus as analyst says ONDC poses no immediate threat 

Shares of Zomato – a food-delivering platform – hogging under the limelight amid the recent buzz regarding Open Network for Digital Commerce (ONDC). However, the analysts were of the view that the new digital platform poses no immediate threat at the current scale to food delivery aggregators.

Motilal Oswal believes that the risk posed by ONDC will only become significant once it scales up in multiple categories such as food, e-commerce, and grocery, which would give it the scale to override the delivery scale of the existing players. Read More

Minutes before closing, Zomato shares were up around 1 per cent to Rs 61.44 per share on the BSE.

Tata Motors shares hit 52-week high ahead of Q4 results on Friday

Ahead of Q4 earnings on Friday, May 12, 2023, Tata Motors' share price has touched a fresh 52-week high of Rs 513 per share, after surging around 2 per cent on the BSE during Wednesday’s session.

The stock gained on expectations of strong earnings for the January-March quarter of the last fiscal (Q4FY24), mainly due to better earnings from the overall auto segment.

New Kid on the Block | Mankind Pharma is 86th largest company by market value

Mankind Pharma — the manufacturer of Manforce condoms that made a stellar debut on the bourses on Tuesday — is the 86th largest company in India by market value. At this current market price of Rs 1,424.1, Mankind Pharma — whose popular products include Prega News pregnancy test kits — stands at Rs 57,045.8 crore, according to provisional exchange data.  

At the current level, Mankind Pharma exceeds the following companies in market value: 

Share Market Today LIVE | SBI, PNB continue to weigh on Nifty Bank

Share Market Today LIVE | Nifty Bank recovers day's losses

Here's how the various sectors look like at this hour: 

E-sports an opportunity in India: Nazara Tech management to Zee Business  

Nazara Tech Founder and CEO Nitish Mittersain tells Zee Business that the company has registered good growth across segments and sees room for expansion. 

E-sports is an opportunity in India, reflected in the company's fast-growing business, he says. 

Share Market Today LIVE | Nazara Tech shares struggle below flatline after weak Q4 results 

Nazara Tech shares drop 3.7 per cent to Rs 567.3 apiece at the lowest level of the day on BSE. 

On Tuesday, the gaming and sports media platform reported a 53.2 per cent fall in net profit to Rs 9.4 crore sequentially for the quarter ended March 2023. Its revenue shrank 8.1 per cent to Rs 289.3 crore though margin remained steady at 9.4 per cent. 

Share Market Today LIVE | Fear index VIX jumps as market makes a U-turn 

NSE's India VIX index — also known as the volatility or fear index — is up 2.6 per cent at 13, having jumped as much as 4.8 per cent earlier in the day. 

Share Market Today LIVE | Latent View shares plunge after weak Q4 results

Latent View Tech shares slump as much as 9.6 per cent to Rs 337.1 apiece on BSE, a day after the company — whose stock hit the Street in November 2021 — reported a weak set of Q4 results. 

Latent View;s net profit fell 35 per cent to Rs 34 crore for the quarter ended March 2023 and revenue contacted 2.8 per cent to Rs 141 crore. 

The data analytics company's margin shrank by 790 basis points to 21.3 per cent. 

Share Market Tips LIVE | Buy Avantel shares, says Sandeep Jain 

Sandeep Jain of Tradeswift Broking recommends buying Avantel shares with a perspective of 4-6 months for a target price of Rs 530.

Avantel shares have rewarded investors with a return of 58 per cent in the past one year, sharply outperforming a 12 per cent rise in the headline Nifty index. 

Image: BSE

Nifty LIVE | Hindustan Unilever, Reliance, ONGC, PowerGrid help headline index avoid deeper cuts

Here's a look at the heatmap in the 50-scrip universe (by weight): 

Image: Niftyindices.com

Sensex LIVE | SBI, HDFC twins, ICICI Bank, Infosys pose maximum pressure on index 

Here's a glance at the top movers in the 30-scrip gauge:

Share Market Today LIVE | Sensex falls 393 pts from day's high, Nifty slips below 18,250 as financial, IT shares weigh on Dalal Street

The Sensex sheds 392.6 points from the highest level of the day (61,965.6) to hit 61,572.9 on the downside. The Nifty 50 descends to as low as 18,212, having reversed direction after climbing up to as high as 18,323.2 earlier in the day. 

Eicher Motors to report Q4 results on Thursday; here's what to expect  

According to Zee Business research, Eicher Motors is likely to report a net profit of Rs 800 crore for the quarter ended March 2023, which translates to a jump of 31 per cent compared with the corresponding period a year ago. 

Revenue of Eicher Motors, the parent company of Royal Enfield, is estimated at Rs 3,700 crore, marking growth of 13.5 per cent on a year-on-year basis. 

The analysts peg the company's margin at 24.3 per cent for the January-March period, as against 23.7 per cent for the year-ago period.

Should you buy, sell or hold Lupin, Godrej Consumer Products, Zomato, Apollo Tyres shares today?

Which stocks to buy, hold or sell today? Here's a look at what brokerages make of some of the key stocks in focus.

CLSA has maintained a 'buy' on MGL and raised its target price for the stock by Rs 70 to Rs 1,330.  

Check out the full list of brokerage calls

Godrej Consumer Products Q4 Results Today: Net profit likely to have grown 15% to Rs 418 crore on solid volume expansion

Godrej Consumer Products — whose popular brands include Cinthol, HIT, Good Knight and Ezee — is all set to report its financial results for the quarter ended March 2023 today. Analysts expect strong volume growth, easing input costs and improving market share to drive the profitability for the Mumbai-based FMCG major. 

According to Zee Business research, Godrej Consumer Products (GODREJCP) is likely to report a quarterly net profit of Rs 418 crore, which translates to growth of 15 per cent compared with the corresponding period a year ago. They estimate the company's revenue growth at 10 per cent to Rs 3,221 crore. 

Godrej Consumer's margin —  a key measure of a business's profitability — is likely to have improved by 200 basis points to 19 per cent, according to the research.

Read more on what to expect in Godrej Consumer Q4 results

Share Market Today LIVE | Profit booking in Mankind Pharma? Selling pressure in newly-listed stock of Manforce condom maker

Mankind Pharma shares decline by as much as Rs 59.6 or 4.2 per cent to Rs 1,364.5 apiece on BSE, a day after the stock raced past the Rs 1,400 mark following a stellar debut in the secondary market. 

Image: BSE  

Share Market Today LIVE | Sensex up 82 pts at 61,843 in pre-opening session

The Sensex finishes with a gain of 82 points or 0.1 per cent at 61,843.4 in the pre-open market. 

INR vs USD Today | Rupee opens marginally lower at 82.06 vs US dollar

The rupee begins the day at 82.06 against the greenback, down by two paise compared with its previous close.  

Q4 Results Today | Dr Reddy's, Godrej Consumer, L&T, Bosch, Gujarat Gas in the spotlight

A number of corporates are scheduled to report their Q4 earnings today, as the India Inc results season enters its last leg.

Here's the full list: 

• 7SEASL
• ABHIJIT
• ACIIN
• ADMANUM
• AGOL
• ALFATRAN
• ATVPR
• B2BSOFT
• BASF
• BMW
• BOSCHLTD
• CERA
• CHMBBRW
• CLEDUCATE
• DRREDDY
• ELANGO
• ESCORTS
• EXCEL
• GARGI
• GODREJCP
• GOKULAGRO
• GUJARATPOLY
• GUJGAS
• HARDCAS
• HGINFRA
• INSPIRISYS
• JAYBARMARU
• JBMA
• KABRAEXTRU
• LT
• MASFIN
• MEDIAONE
• MHLXMIRU
• MPFSL
• MYSTICELE
• NGIL
• NOVARTIND
• ORCHIDPHAR
• PARSHVA
• PGHH
• PRADPME
• PRICOLLTD
• PRSMJOHNSN
• RAMAPETRO
• RATNAMANI
• RELAXO
• REPRO
• RNBDENIMS
• SAGCEM
• SANOFI
• SAVFI
• SHARPLINE
• SILINV
• SIMPLXMIL
• SIMPLXPAP
• SPYL
• SRGHFL
• TAINWALCHM
• TCFCFINQ
• UNJHAFOR
• UVDRHOR
• VENKYS
• VIVIDHA
• WELINV

Sensex, Nifty 50 finished choppy session flat on Tuesday 

Both the headline indices finished flat on Tuesday, having given up all of their intraday gains in a choppy session. The Sensex was down 2.9 points at 61,761.3 at the close, and the Nifty at 18,266, up 1.6 points for the day.

Here's how the main indices moved through the day:

Nifty 50 

Sensex

 Catch highlights of the May 9 session

Share Market Today LIVE | SGX Nifty futures indicate a mildly positive start ahead on Dalal Street  

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