Share Market HIGHLIGHTS: Nifty holds 17,600, Sensex retreats 263 pts from days high amid choppy trade; Tata Motors rallies
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex rose in early deals on Monday as the market entered yet another holiday-truncated week. Globally, equities saw cautious gains after US jobs data suggested a tight labour market in the worlds largest economy and fuelled fears of more of aggressive hikes in benchmark interest rates. Catch HIGHLIGHTS of all the action in the Indian share market on April 10, 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: Indian equity benchmarks Nifty 50 and Sensex finished barely in the green on Monday, as Dalal Street entered yet another holiday-truncated week. Losses in financial stocks offset gains in IT and auto shares. Globally, equities saw cautious gains after US jobs data suggested a tight labour market in the world's largest economy and fuelled fears of more of aggressive hikes in benchmark interest rates.
Tata Motors zooms after Goldman Sachs double upgrades Tata group stock to 'buy', raises target price
Catch HIGHLIGHTS of all the action in the Indian share market on April 10, 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
Thank you! That's all today on Zeebiz.com's stock market blog
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Global Market Update | Dow Jones, S&P 500, Nasdaq Composite futures edge lower, indicate a negative start ahead in US stock market
Here's where the three main Wall Street indices — the blue-chip gauges Dow Jones and S&P 500, and the US megacap tech stocks-heavy Nasdaq Composite barometer — stand at this hour, about 80 minutes ahead of the opening bell in the US:
- Dow Jones: down nine points at 33,650
- S&P 500: down 7.5 points or 0.2 per cent at 4,124.50
- Nasdaq Composite: down 63.8 points or 0.5 per cent at 13,107
Global Market Update | Dow Jones, S&P 500, Nasdaq Composite futures edge lower, indicate a negative start ahead in US stock market
Here's where the three main Wall Street indices — the blue-chip gauges Dow Jones and S&P 500, and the US megacap tech stocks-heavy Nasdaq Composite barometer — stand at this hour, about 80 minutes ahead of the opening bell in the US:
- Dow Jones: down nine points at 33,650
- S&P 500: down 7.5 points or 0.2 per cent at 4,124.50
- Nasdaq Composite: down 63.8 points or 0.5 per cent at 13,107
Global Market Update | Dow Jones, S&P 500, Nasdaq Composite futures edge lower, indicate a negative start ahead in US stock market
Here's where the three main Wall Street indices — the blue-chip gauges Dow Jones and S&P 500, and the US megacap tech stocks-heavy Nasdaq Composite barometer — stand at this hour, about 80 minutes ahead of the opening bell in the US:
- Dow Jones: down nine points at 33,650
- S&P 500: down 7.5 points or 0.2 per cent at 4,124.50
- Nasdaq Composite: down 63.8 points or 0.5 per cent at 13,107
Share Market Today | Nifty, Sensex give up most of their intraday gains amid volatile trade
The Nifty ends with a gain of 24.9 points or 0.1 per cent at 17,624.1 after gyrating broadly within the 17,600-17,700 range during the session. The Sensex settles 13.5 points higher for the day at 59,846.5.
Here's how the headline indices moved through the day:
Nifty 50
Share Market Today LIVE | Godrej Properties shares zoom after Q4 update points to record Rs 4,051-crore bookings
Godrej Properties shares climb to as high as Rs 1,224 apiece on BSE, gaining by Rs 98.8 — or 8.8 per cent — on the day, after a business update by the property developer showed record Rs 4,051 crore bookings in the quarter ended March 2023. The company says its sales volumes are up 19 per cent on a sequential basis.
Here are some other highlights from the realty major's Q4 update:
- Booking value for FY23 jumps 56 per cent to Rs 12,232 crore
- Cash collection for FY23 up 41 per cent at Rs 8,991 crore
- Company added 18 new projects to its portfolio in FY23
Share Market Tips LIVE | Voltas, Navin Fluorine, Coromandel International among analysts' top recommendations this week
Market experts Kunal Saraogi, Sumeet Bagadia and Sandeep Jain share their top recommendations for yet another holiday-truncated week. On their 'buy' list are stocks such as Voltas, Navin Fluorine International and Coromandel International, in this special Zee Business segment, Pick of the Week.
Check out the full list of their stock recommendations
Share Market Today LIVE | Nifty Bank slips below 40,900 amid choppy trade
The banking index is down 147.4 points or 0..4 per cent at 40,894, having broadly moved within the 40,800-41,150 band earlier in the day. ICICI Bank, IndusInd Bank and HDFC Bank are posing the maximum pressure on the Nifty Bank at this hour.Stock/index CMP/current level Change (%) Nifty Bank 40,894 -0.4 Bandhan Bank (BANDHANBNK) 208.9 0.4 Bank of Baroda (BANKBARODA) 167.5 0.4 Federal Bank (FEDERALBNK) 127.5 0.4 Kotak Mahindra Bank (KOTAKBANK) 1,762.4 0.3 State Bank of India (SBIN) 528.1 0.1 Punjab National Bank (PNB) 47.2 0 HDFC Bank (HDFCBANK) 1,662.5 -0.2 Axis Bank (AXISBANK) 847.8 -0.5 AU Small Finance Bank (AUBANK) 566.5 -0.5 IndusInd Bank (INDUSINDBK) 1,072.7 -0.9 ICICI Bank (ICICIBANK) 867.3 -0.9 IDFC First Bank (IDFCFIRSTB) 54.3 -1.5 Here's a look at the top movers and shakers in the 12-scrip index:
Image: Niftyindices.com
Dividend News | EID Parry announces 400% payout
The sugar maker's board declares a dividend of Rs 4 per equity share of face value of Re 1, making it a dividend of 400 per cent. This is the second dividend of the financial year ended March 2023.
Share Market Today LIVE | Larsen & Toubro (LT) shares soar to record high after construction giant wins order of at least Rs 1,000 crore
L&T shares rise by Rs 44.9 or two per cent to touch an all-time high of Rs 2,319.7 after the construction major says it has won a "significant" order for its hydrocarbon unit.
Larsen & Toubro categorises orders to the tune of Rs 1,000-2,500 crore as significant.
When is Akshaya Tritiya? Know all about the date and muhurat
In Hinduism, Akshaya Tritiya is typically considered one of the most auspicious days to buy gold. Also known as Akha Teej, Akshaya Tritiya falls on the third tithi (lunar day) of Shukla Paksha of the Vaishakha month.
Note down this date on your calendar to buy gold on Akshaya Tritiya 2023
Share Market Today LIVE | Ramkrishna Forgings shares hit 52-week high; here's what's driving the stock
Ramkrishna Forgings (RKFORGE) shares scale a 52-week peak of Rs 318 apiece on BSE after the company says it has successfully renewed a long-term contract with an additional new product range with an overseas Tier 1 customer based in North America.
Startup News | JSW One Platforms raises Rs 205 crore from Japan's Mitsui at Rs 2,750 crore valuation
Billionaire Sajjan Jindal-led JSW Group's B2B e-commerce arm announces a Rs 205 crore fundraise from Japan's Mitsui & Co. The Series A funding, which is also the maiden capital raise from an institutional investor by JSW One Platforms, has been done at a valuation of Rs 2,750 crore, according to an official statement.
The $22 billion conglomerate launched the business in July 2021, aiming to leverage on its expertise in manufacturing and building materials, tech-enabled logistics and credit, to be a platform of choice for MSMEs and Enterprises in India.
Share Market Today LIVE | Titan shares rise after Tata group company reports 25% sales growth in Q4
Titan shares rise by Rs 53.4 or 2.1 per cent to touch Rs 2,602.1 at the strongest level of the day, after the Tata group company says, in a business update, that its sales growth stood at 25 per cent in the quarter ended March 2023.
Here are some highlights of Titan's Q4 business update:
- All key categories see double-digit percentage sales growth
- Sales growth in jewellery at 23 per cent
- Sales growth in watches at 41 per cent
- Sales growth in eyecare at 22 per cent
- 56 per cent growth in CaratLane
- Titan stores including CaratLane at 2710 at quarter-end
Sensex LIVE | Tata Motors, L&T, TCS, Infosys, Bharti Airtel top boosts
On the other hand, selling pressure in Bajaj Finance, HDFC Bank and ICICI Bank is limiting the gains in the 30-scrip index.
Image: BSE
Nifty 50 LIVE | Larsen & Toubro, Tata Motors, TCS, Infosys, ONGC top movers
Stocks such as ONGC, Bharti Airtel, HCL Tech and Titan are also among the biggest contributors to the headline index at this hour. Here's a look at the heatmap (by weight) in the 50-scrip universe:
Image: Niftyindices.com
Share Market Today LIVE | Maruti Suzuki shares struggle below the flatline after Goldman Sachs downgrade
Maruti Suzuki shares decline by as much as Rs 114.3 or 1.3 per cent to Rs 8,400.1 apiece.
Share Market Today LIVE | Tata Motors shares rally after Goldman Sachs double upgrades Tata group stock to 'buy', raises target price
Tata Motors shares rise by as much as Rs 35.6 or 8.1 per cent to Rs 473.1 apiece on BSE. Goldman Sachs revises its rating for Tata Motors to 'buy' from 'neutral' and lifts its target price for the Tata group stock to Rs 550 from Rs 480.
Image: BSE
Nifty LIVE | Tata Motors, ONGC, Titan rise most among 31 gainers; Asian Paints, Maruti Suzuki top laggards
Top Nifty gainers
Stock CMP Change (%) TATAMOTORS 471.6 7.8 ONGC 153.4 1.8 TITAN 2,592.0 1.7 ADANIENT 1,780.9 1.5 LT 2,300.1 1.1 Top Nifty losers
Stock CMP Change (%) ASIANPAINT 2,759.3 -1.8 MARUTI 8,412.0 -1.2 BRITANNIA 4,250.0 -1.2 BAJFINANCE 5,875.0 -1.0 INDUSINDBK 1,073.3 -0.8 Share Market Today LIVE | Nifty 50 crosses 17,600, Sensex rises over 100 pts
Here's how their intraday charts are building up:
Nifty 50 LIVE
Gold Rate Today | Yellow metal futures on MCX below Rs 60,000 per 10 grams mark
The June 5 contract on MCX is down by Rs 552 or 0.9 per cent at Rs 59,959 per 10 grams.
Image: MCX
Share Market Today LIVE | Sensex up 26 pts at 59,859 in pre-open market
Anil Singhvi Market Strategy | Support for Nifty at 17,500-17,550 levels, for Nifty Bank at 40,700-40,825 levels
Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the Nifty benchmark index coming at 17,375-17,425 levels today, as the market enters a holiday-truncated week on account of Dr Baba Saheb Ambedkar Jayanti on April 14. For the Nifty Bank, he expects a strong buy zone in the 40,525-40,625 band.
Read more on what Anil Singhvi makes of Indian share market today and what he recommends
Global Market Update | Dow Jones finished barely in the green on Friday ahead of US jobs data
The Dow Jones barely rose on Friday though the other blue-chip index S&P 500 and the megacap tech stocks-heavy Nasdaq Composite climbed up around half a per cent each.
Here's how the three main Wall Street indices fared on April 7:
- Dow Jones: up 2.6 points at 33,485.3
- S&P 500: up 14.6 points or 0.4 per cent at 4,105
- Nasdaq Composite: up 91.1 points or 0.8 per cent at 12,088
Alphabet Inc jumped rallied 3.8 per cent after the Wall Street Journal reported Alphabet's Google unit plans to add artificial intelligence (AI) features to its search engine. Microsoft ended 2.6 per cent higher.
Global Market LIVE | Asian stocks manage cautious gains as US jobs data triggers fears of more of steep hikes in benchmark interest rates
Equities in other major Asian markets are up this morning after latest US jobs data suggests a tight labour market in the world's largest economy, fuelling fears of more of aggressive hikes in benchmark interest rates, with MSCI's broadest index of Asia Pacific shares outside Japan up 0.1 per cent at this hour. The Fed is scheduled to meet next month to decide on rates.
Here's where some of the main indices in the region stand:
- Japan's Nikkei 225: up 0.4 per cent
- China's Shanghai Composite: flat
- Hong Kong's Hang Seng: up 0.3 per cent
- South Korea's KOSPI: up one per cent
- Singapore's Straits Times: flat
Share Market Today LIVE | SGX Nifty futures point to a muted start on Dalal Street today
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — are down 12.5 points or 0.1 per cent at 17,704 at this hour, having gyrated in a range of 36.5 points around the flatline earlier in the day.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!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.