Share Market HIGHLIGHTS: Nifty as flat as it can get, Sensex up 23 pts; Reliance inches higher ahead of Q4 results

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Share Market Update | Nifty 50 as flat as it can get at 17,624, Sensex ends choppy day with gain of 23 pts

The Nifty 50 finishes the day up 0.4 point at 17,624.1, after broadly moving within the 17,550-17,700 band during the session. 

The Sensex ends with a gain of 22.7 points at 59,655.1, having gyrated in a range of 368.6 points — between 59,412.8 and 59,781.4 — around the flatline in intraday trade. 

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

Nifty 50

Sensex

Images: NSE, BSE

Read more on the April 21 session in the Indian share market

LIC shares near 52-week low

The strong performance of private insurance companies as compared to Life Insurance Corporation of India (LIC) in March, has sent the stock of the state-run insurance behemoth to trade near a 52-week low.

Minutes before market close, LIC shares were down nearly 1 per cent to Rs 547.5 per share on the BSE during Friday’s session. The counter had hit Rs 530.2 per share a 52-week low earlier on March 29, 2023, on the BSE.

Why has LIC's new business premium declined? Zee Business’ senior research analyst Kushal Gupta explains.

मार्च में LIC के मुकाबले प्राइवेट बीमा कंपनियों का प्रदर्शन दमदार

LIC के नए बिजनेस प्रीमियम में क्यों आई गिरावट? जानिए पूरी डिटेल्स कुशल गुप्ता से @KushalGupta44 | #SBILife | #InsuranceCompanies | #HDFCLife

Zee Business LIVE- https://t.co/XYyIm1DMSx pic.twitter.com/i87STZBoy7

— Zee Business (@ZeeBusiness) April 21, 2023

PNC Infratech stock rises

PNC Infratech received a Letter of Acceptance from Road Ministry for a project worth Rs 819 crore. The stock witnessed a steep rise on the chart immediately after the regulatory filing.

PNC Infratech share price has hit a day’s high at Rs 284 per share, up Rs 7 or 2.53 per cent from Thursday’s closing of Rs 277 per share on the BSE today.

Metal and Realty stocks drag market

Metal and Realty stocks are the major reason for the volatile markets today as both indices cracked most during Friday’s session. Nifty Metal was down over 1 per cent, while Nifty Realty dipped by around 2 per cent today.

Besides, Banking and Financial Services sectoral indices were also in the red.

On the contrary, Nifty IT, FMCG, Pharma, and Media are aiding the benchmark indices from further fall today.

Heatmap: An hour before closing

Heavyweights such as ITC, TCS, Wipro, Asian Paints, and HCL Tech among others are in green, while Tech Mahindra, Maruti Suzuki, Tata Steel, and UltraTech Cement among other shares in the Sensex basket were in the red during the last day of this week’s trading.

ICICI Pru under pressure despite strong Q4 show

ICICI Prudential Life shares tumbled as much as four per cent to hit the day’s low of Rs 438.85 per share on the BSE during Friday’s session.

The stock declined despite registering strong earnings for the January-March quarter of the previous fiscal. Read More

The private insurer on Thursday reported a 27.2 per cent jump in net income at Rs 235 crore for the March quarter as it earned near a record margin from the new policies sold.

ITC reclaims Rs 5-trn m-cap

ITC pips HDFC to become the seventh largest firm by market capitalization as the cigarette-to-hotel conglomerate reclaimed the Rs 5 trillion market cap on Friday.

ITC shares jumped more than 1.5 per cent to hit a fresh all-time high of Rs 407.6 per share on the BSE during Friday’s trade. 

Share Market Tips LIVE | Buy ITC shares at 398-399 for short term targets of Rs 425-430, says Rakesh Bansal

Market expert Rakesh Bansal is bullish on ITC shares with a long-term target of Rs 700-odd levels. "After some consolidation, the stock is in unchartered territory with a good technical structure," he tells Zee Business.

He recommends buying ITC shares at levels to the tune of Rs 398-399 for targets of Rs 425 and Rs 430 in the short term. 

Share Market Today LIVE | ITC shares scale another peak, touch Rs 407.6 level for first time ever

The cigarettes-to-hotels conglomerate's stock has scaled a series of unprecedented levels in the recent past. Today, it surpassed its all-time high of Rs 402.6, touched on Thursday.

ITC shares have risen almost eight per cent in the past one month alone, a period in which the Nfity has gained three per cent.

Image: BSE

Read more on ITC shares

Buzzing and Falling Stocks

In an otherwise volatile market today, stocks such as Nazara Tech, Cyient, Vodafone, and BLS International among others are among the buzzing shares, while ICICI Pru Life, Sterling and Wilson, Oberoi Realty, LIC, and others are falling in the weak session on Friday.

आज बाजार में कौनसे शेयर रहे अभी तक Top Gainers & Losers? पढ़िए यहां #TopStocks #StockMarket #Nifty #Sensex pic.twitter.com/KlIxsN8RV1

— Zee Business (@ZeeBusiness) April 21, 2023

RIL Q4 Results Today | Reliance shares flat ahead of earnings announcement post-market hours 

The stock of the oil-to-telecom conglomerate is down by Re 1.8 at Rs 2,344 apiece on BSE. The group is all set to report its financial results later in the day. 

Image: BSE

Read more on what to expect from RIL, Jio today

Reliance, Jio Q4 results today; what to expect from oil-to-telecom conglomerate

Reliance Industries Ltd (RIL) is all set to report its financial results for the January-March 2023 period today. According to Zee Business research, the conglomerate is estimated to report a 0.2 per cent decline in its consolidated revenue to Rs 2,16,700 crore for the quarter compared with the three months to December 2022. The analysts peg Reliance Industries' quarterly profit at Rs 17,500 crore, which translates to an increase of 10.8 per cent on a sequential basis. 

Read more on what to expect in RIL Q4 results

PVR becomes PVR INOX as name change takes effect

The change in name after a scheme of amalgamation between INOX Leisure and PVR has come into effect. According to a regulatory filing, PVR Limited will now be PVR INOX Limited. 

The process for reflecting the change of name on the stock exchanges will be followed in due course of time, it adds. 

PVR shares are down 1.6 per cent at Rs 1,485.7 apiece on the bourse at this hour.

Image: BSE

Read more on PVR INOX

Share Market Today LIVE | Sensex takes day's losses to 200 pts; ICICI Bank, L&T, HDFC Bank, Axis Bank, Tata Steel top drags

Images: BSE

Nazara Tech shares zoom after ICICI Pru MF raises stake in gaming company

Diversified gaming and sports media platform Nazara Technologies' shares soar after the news that ICICI Pru MF has raised its stake in the company to 5.11 per cent from 4.91 per cent. At the current market price, Nazara Tech shares are available at a discount of nearly 63 per cent from their life-high level of Rs 1,601 apiece (October 2021).

Nazara Tech shares made a bumper secondary market debut in March 2021.

Read more on Nazara Tech shares

Gold Price on Akshaya Tritiya | Gold hovers near Rs 60,000/10 grams level; should you buy?

According to Neha Qureshi of Anand Rathi Commodities & Currencies, after some consolidation at lower levels, spot gold has recovered to levels above $2,000 an ounce despite hawkish commentaries from Fed officials as the market seems to have priced in a 25-basis-point hike in the key US interest rate rate on May 3.

Image: Reuters

Read more on gold rate, Akshaya Tritiya 

HCL Tech fares better than peers in Q4 but what lies ahead? 

IDBI Capital expects HCL Tech to be at the lower end of the guidance. The brokerage expects ramp-downs in projects, delays in renewals and lower discretionary spending to further impact revenue growth for HCL Tech.

IDBI Capital reduced its EPS estimates for HCL Tech by 1.7 per cent and 1.6 per cent for the two financial years ending March 2024. It has a 'hold' rating on the stock with a target price of Rs 1,010.

Read more on the road ahead for HCL Tech

Share Market Today LIVE | HCL Tech shares rise after better-than-expected Q4 profit, dividend announcement; here's what Anil Singhvi says

HCL Technologies (HCLTECH) shares are in demand on Dalal Street, a day after the IT major reported a better-than-expected net profit for the quarter ended March 2023. The stock of HCL Tech — India's third largest IT services firm after Tata Consultancy Services (TCS) and Infosys — gains by as much as Rs 36.3 or 3.5 per cent to Rs 1,073.9 apiece on BSE. 

What Anil Singhvi says on HCL Q4 results

Zee Business Managing Editor Anil Singhvi says there is "nothing great and nothing bad" in HCL Tech Q4 results. He points out a number of downgrades by brokerages, but also says that its deal pipeline is positive. 

REAd more on HCL Tech dividend, Q4 results, expert views

Share Market Today LIVE | Broader indices under pressure

Broader markets give up to selling pressure. The Nifty Midcap 100 and the Nifty Smallcap 100 each slide half a per cent below the flatline less than 45 minutes into the opening bell. 

Overall market breadth is skewed in favour of the bears, as some 1,450 shares hold on to the green on BSE against 1,850-odd stocks in the red on BSE. 

Share Market Today LIVE | Nifty 50, Sensex open mixed

Both headline indices make a mixed start to the day. The Sensex is down 93.6 points or 0.2 per cent at 59,538.8 at the opening tick, and the Nifty 50 at 17,639.8, up 15.3 points or almost 0.1 per cent from its previous close. 

Share Market Today LIVE | Take a look at top movers and shakers in Nifty 50 at this hour

Here's what the heatmap (by weight) in the 50-scrip pack looks like: 

Image: NSE

Sensex LIVE | Larsen & Toubro, Tata Steel, HDFC Bank, Tata Motors pose maximum pressure on 30-scrip index; ITC, TCS, Asian Paints lend support

Here's a look at the top movers and shakers in the Sensex basket:

Image: BSE

Share Market Today LIVE | Nifty 50, Sensex slide into the red amid weakness in heavyweights HDFC Bank, L&T, Tata Steel, Tech Mahindra

As Dalal Street reverses course, the Sensex declines almost 250 points from its strongest level of the day so far. 

Image: BSE

The Nifty 50 cracks below the 17,600 mark, having tested 17,650-odd levels in early deals.

Image: NSE

Gold Rate Today | Yellow metal futures edge lower, still within Rs 1,000 of all-time high

MCX gold futures (June 5 expiry) are down by Rs 83 or 0.1 per cent at Rs 60,420 per 10 grams at this hour, not far from an all-time high of Rs 61,371, touched this month. 

Image: MCX

Share Market Today LIVE | Sensex gains over 100 pts, Nifty tests 17,650 

Headline indices register mild gains within the first few minutes of trade. 

Here's how their intraday charts are building up: 

Nifty 50 LIVE

Sensex LIVE

Images: BSE, NSE

Share Market Today LIVE | Sensex down 94 pts at 59,539 in pre-open market

At the end of the pre-opening session, the Sensex is down 93.6 points or 0.2 per cent at 59,538.8.

Anil Singhvi Market Strategy | Strong Nifty base at 17,500-17,575, buy Nifty Bank at 41,625-41,825

Zee Business Managing Editor Anil Singhvi expects strong support for the Nifty50 benchmark at 17,500-17,575 levels on Friday, April 21. For the Nifty Bank, the market wizard sees support emerging at 42,000-42,125 levels.

How Anil Singhvi views the Indian share market and what he recommends

Forex Market LIVE | Rupee edges higher vs dollar at open, up by five paise 

The rupee begins the day with a gain of five paise, or 0.1 per cent, at 82.10 against the US dollar. On Thursday, it had settled at 82.15 against the greenback. 

Nifty 50, Sensex closed barely in the green on Thursday, halted three-day losing streak  

The Nifty 50 settles with a gain of 5.7 points at 17,624.5 and the Sensex closes at 59,632.4, up 64.6 points or 0.1 per cent for the day. 

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

Nifty 50 

Sensex

Images: NSE, BSE

Share Market Today LIVE | SGX Nifty futures point to a flat start ahead on Dalal Street

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — are up two points at 17,667 at this hour, having gyrated in a range of more than 50 points around the flatline earlier in the day.

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