Share Market HIGHLIGHTS: Sensex, Nifty hit record closing highs; 30-scrip index rises 320 pts, Nifty finishes at 20,192; Bajaj Auto zooms 6%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex edged higher for the eleventh consecutive session on Friday, September 15, amid buying in IT, metal, auto, financial services, and pharma stocks. 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: Domestic equity benchmarks Nifty 50 and Sensex edged higher for the eleventh consecutive session on Friday, September 15, amid buying in IT, metal, auto, financial services, and pharma stocks. Metals stocks saw buying interest after China's retail sales and industrial production picked up pace in August. IT stocks gained after an improving U.S. interest rate outlook. Bajaj Auto closed over 6 per cent higher after brokerage firm BofA Securities upgraded the rating from 'neutral' to 'buy'.
At close, the S&P BSE Sensex was up 319.63 points, or 0.47 per cent at 67,838.63, and the NSE Nifty was up 89.25 points, or 0.44 per cent at 20,192.35.
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 | Bajaj Auto, Hero MotoCorp, M&M rise most in 50-scrip blue-chip basket
Bajaj Auto, Hero MotoCorp, M&M and Grasim are among the top gainers in the Nifty basket, trading with gains of around 6-2 per cent. On the other hand, BPCL, HUL, Asian Paints and Britannia are among the top losers, down nearly 2-1 per cent.
Source: NSE
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Share Market HIGHLIGHTS | Nifty ends at 20,192.35, Sensex finishes 320 pts higher
Nifty
Nifty ends at 20,192.35, up 0.44 per cent.
Source: NSE
Sensex
Sensex finishes 320 points higher at 67,839.
Source: BSE
Share Market Today LIVE | From issue price of Rs 585 to lifetime high of Rs 2,484, this stock has had a spectacular run on D-Street
Every year, numerous companies come up with their initial public offerings (IPOs) to raise money as well as to enjoy the benefits of being in a listed space. Among them, some script history with record-breaking subscriptions, while others fizzle out with muted or poor responses from the investors. Data Patterns is one such company whose share sale was a big hit. Investors rushed to lap up the shares that were put on offer, and on the final day, the public issue closed with an impressive 119.62 times subscription. Read more '
Share Market Today LIVE | Bajaj Auto, Jindal Stainless, M&M, other stocks hit 52-week highs
As many as 40 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) ASTRAZEN 4,529.35 4,560.45 4,555.75 (12 Sep 2023) 4,970.00 (08 Sep 2020) AXISBANK 1,020.95 1,024.20 1,022.10 (14 Sep 2023) 2,042.95 (23 Jul 2014) BAJAJ-AUTO 5,110.00 5,114.10 4,988.55 (13 Jul 2023) 5,114.10 (15 Sep 2023) BANKINDIA 107.09 109.44 108.32 (14 Sep 2023) 588.00 (07 Oct 2010) BHARATFORG 1,119.00 1,142.50 1,121.40 (12 Sep 2023) 1,669.70 (27 Jun 2005) BHARTIARTL 917.25 920.2 920.00 (14 Sep 2023) 1,149.00 (10 Oct 2007) CENTRALBK 46.74 48 45.30 (14 Sep 2023) 249.05 (08 Nov 2010) CHOLAFIN 1,229.55 1,239.80 1,214.60 (04 Jul 2023) 1,760.75 (30 Apr 2018) ECLERX 1,866.70 1,925.00 1,850.35 (18 Jul 2023) 2,970.00 (13 Jan 2022) GILLETTE 6,299.95 6,419.20 6,145.80 (14 Sep 2023) 8,200.00 (29 Oct 2019) GLENMARK 856.5 872.95 869.95 (14 Sep 2023) 1,261.95 (21 Aug 2015) GRASIM 1,975.85 1,983.80 1,953.35 (14 Sep 2023) 5,348.50 (05 Aug 2016) HCLTECH 1,303.10 1,306.80 1,291.00 (12 Sep 2023) 3,021.00 (21 Feb 2000) IDEA 11.88 11.9 11.55 (11 Sep 2023) 203.90 (17 Apr 2015) IOB 38.93 39.45 37.52 (14 Sep 2023) 228.90 (07 Jan 2008) JINDALSTEL 712.85 722.15 719.50 (11 Sep 2023) 16,780.00 (04 Jan 2008) LEMONTREE 124.4 126.7 125.25 (12 Sep 2023) 126.70 (15 Sep 2023) LTTS 4,767.45 4,797.95 4,768.90 (14 Sep 2023) 5,958.10 (04 Jan 2022) M&M 1,604.70 1,608.00 1,604.55 (01 Sep 2023) 1,608.00 (15 Sep 2023) MAHABANK 45.18 46.15 44.75 (12 Sep 2023) 96.50 (07 Jan 2008) MRF 1,09,700.00 1,12,671.20 111,939.95 (04 Aug 2023) 112,671.20 (15 Sep 2023) NH 1,108.00 1,119.95 1,104.95 (14 Sep 2023) 1,119.95 (15 Sep 2023) NIACL 143.05 145.65 142.30 (20 Dec 2022) 764.25 (30 May 2018) NMDC 149.55 154.15 150.90 (14 Sep 2023) 16,584.10 (06 Nov 2007) ONGC 186.4 191.55 188.80 (14 Sep 2023) 1,514.00 (10 May 2006) PNB 73.77 74.82 74.19 (14 Sep 2023) 1,395.00 (09 Nov 2010) PRAJIND 592.1 610 599.45 (11 Sep 2023) 1,103.80 (16 Aug 2005) PSB 44.2 45.68 44.65 (15 Dec 2022) 149.70 (30 Dec 2010) RBA 131.35 137.85 134.00 (04 Oct 2022) 219.15 (17 Dec 2020) SUVENPHAR 555.25 559.45 557.40 (13 Sep 2023) 825.00 (18 Sep 2020) TATAMTRDVR 431.5 443.85 440.00 (26 Jul 2023) 940.25 (11 Nov 2010) TCS 3,590.00 3,603.15 3,597.65 (14 Sep 2023) 4,045.50 (18 Jan 2022) TECHM 1,292.85 1,294.70 1,289.00 (14 Sep 2023) 2,998.00 (02 Feb 2015) TVSMOTOR 1,495.35 1,500.90 1,499.00 (12 Sep 2023) 1,500.90 (15 Sep 2023) UCOBANK 39.97 40.74 38.15 (16 Dec 2022) 152.35 (22 Nov 2010) ULTRACEMCO 8,702.30 8,740.85 8,703.70 (14 Sep 2023) 8,740.85 (15 Sep 2023) UNIONBANK 96.88 98.22 96.75 (18 Aug 2023) 426.80 (27 Oct 2010) UNITDSPR 1,046.95 1,073.20 1,072.65 (11 Sep 2023) 4,080.00 (05 Mar 2015) WIPRO 441.85 443.6 443.00 (14 Sep 2023) 9,800.00 (22 Feb 2000) ZOMATO 103.31 104.42 102.85 (07 Aug 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | MRF creates history! Stock scales all-time peak of Rs 112,671.2
Madras Rubber Factory (MRF) scripts history on Dalal Street today as the company's shares scaled a fresh all-time high of Rs 112,671.2 on the BSE.
Share Market Today LIVE | Axis Bank, TCS, TechM, other stocks hit 52-week highs
As many as eight stocks in the S&P BSE Sensex basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) AXISBANK 1,021.40 1,024.20 1,022.10 (14 Sep 2023) 2,042.95 (23 Jul 2014) BHARTIARTL 916.85 920.2 920.00 (14 Sep 2023) 1,149.00 (10 Oct 2007) HCLTECH 1,302.80 1,306.80 1,291.00 (12 Sep 2023) 3,021.00 (21 Feb 2000) M&M 1,605.10 1,608.00 1,604.55 (01 Sep 2023) 1,608.00 (15 Sep 2023) TCS 3,584.30 3,603.15 3,597.65 (14 Sep 2023) 4,045.50 (18 Jan 2022) TECHM 1,294.65 1,294.70 1,289.00 (14 Sep 2023) 2,998.00 (02 Feb 2015) ULTRACEMCO 8,706.05 8,740.85 8,703.70 (14 Sep 2023) 8,740.85 (15 Sep 2023) WIPRO 441.4 443.6 443.00 (14 Sep 2023) 9,800.00 (22 Feb 2000) Share Market Today LIVE | NTPC top performer in Nifty's rally from 19k to 20k
NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were the key laggards during Nifty's 19k to 20k journey during Jun'23- Sept'23. The Nifty-50 has touched the milestone of 20,000 in Sep'23. After a volatile and long journey from 18k to 19k, the Nifty-50 added the next 1,000 points (19k to 20k) relatively faster — only 52 trading days (from Jul'23-Sep'23) vs. 425 trading sessions (from Oct'21-Jun'23) during its journey from 18k to 19k, as per a report by Motilal Oswal Financial Services. “We reckon the upside from here will be a function of stability in global and local macros and continued earnings delivery versus expectations,” the report said. “Moreover, we note that during the last five General Elections (1999-2019), the Nifty-50 rallied 10-32 per cent six months prior to the announcement of election results. India will be going into General Elections in Mar-May'24." Read more
Share Market Today LIVE | Lemon Tree Hotels hits record high after company signs two new properties
Shares of Lemon Tree Hotels hit an all-time high of Rs 125.50 apiece on the BSE on Friday, September 15, after the company announced on Thursday that it has signed two new properties: Lemon Tree Hotel, Junagadh, Gujarat, India, and Tigerland Safari: A Lemon Tree Resort, Chitwan, Nepal.
The former is expected to be operational by FY 2025, and the latter is expected to be operational in FY 2024 itself, the company said in its press release. Lemon Tree Hotel, Junagadh, will feature 64 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and other public areas. Read more
Share Market Today LIVE | Strides Pharma Science shares zoom 12% after its arm receives USFDA approval for Dolutegravir tablets
Pharmaceutical company Strides Pharma Science shares rally on Friday for the third straight day and zoom nearly 12 per cent to clock a fresh 52-week high of Rs 522.75, surpassing the previous 52-week high of Rs 490.05, clocked on September 8, 2023. The stock jumps after its wholly-owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, received tentative approval for Dolutegravir 50mg tablets from the United States Food & Drug Administration (USFDA).
The product is bioequivalent and therapeutically equivalent to the reference-listed drug (RLD), Tivicay Tablets, of ViiV Healthcare Company. The products will be manufactured at the company’s facility in Bengaluru, and conversion of this tentative approval to a full approval is expected upon expiry of the constraining patents. The company has 260 cumulative ANDA filings (including the recently acquired portfolio from Endo at Chestnut Ridge) with the USFDA, of which 230+ ANDAs have been approved. The company is eyeing around 60 new product launches over the next three years in the US. Read more
Stock to Buy | GAIL, Lupin, Granules among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Kunal Saraogi, Sumeet Bagadia, Rakesh Bansal, Siddharth Sedani, Sudeep Shah and Rajesh Palviya 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 JSPL, Lupin, Granules India, Mphasis, Union Bank of India, and GAIL. Read more
Nifty Today LIVE | RIL, HDFC Bank, JFS among top drags in Nifty basket
HDFC Bank, ICICI Bank, Infy and Bajaj Auto are among the top movers in the Nifty basket at this hour. On the contrary, HUL, Asian Paints, Tata Steel and PowerGrid are the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE Share Market Today LIVE | Bajaj Auto hits all-time high of Rs 5,076.85 on BSE after BoFA Securities upgrades stock to buy
Shares of Bajaj Auto rally as much as 4.84 per cent to hit a record high of Rs 5,076.85 apiece on the BSE on Friday, September 15, after reports said that global brokerage BofA Securities upgraded the stock to Buy from Neutral and revised the target price to Rs 5,550 from Rs 5,100 earlier.
The brokerage, in its note, said that all the segments of the two-wheeler major are well positioned for positive growth in FY25. It expects a 14-15 per cent revenue compound annual growth rate (CAGR) over FY23–26. The brokerage, as per reports, added that the company's business model is quite well positioned, with both cyclical and structural drivers at play. Read more
Dividend Stocks | IRFC, Jindal Stainless, Nalco among 9 shares trade ex-date
A total of nine stocks traded ex-dividend on Friday, September 15, according to the NSE website. The list includes Indian Railway Finance Corporation, National Aluminium Company, Jindal Stainless and other stocks.
The Phoenix Mills dividend
The Phoenix Mills has announced a dividend of Rs 5 per equity share with a face value of Rs 2.
IRFC dividend 2023 record date
Indian Railway Finance Corporation has announced a dividend of Re 0.70 per equity share with a face value of Rs 10. The record date has been fixed as September 15.
Nalco dividend
National Aluminium Company has announced a dividend of Re 1 per equity share with a face value of Rs 5.
Jindal Stainless dividend record date 2023
Jindal Stainless has announced a dividend of Rs 1.5 per equity share with a face value of Rs 2. September 15 is the record date for the final dividend for the year ended March 2023. Read more
Source: Pixabay/ Reperesentational image Share Market Today LIVE | Siyaram Silk Mills hits 52-week high as company increases its buyback price
Days after Larsen & Toubro (L&T) revised its buyback prices higher, textile manufacturing company Siyaram Silk Mills on Thursday raised its share buyback price. The company has increased the price to Rs 720 apiece from Rs 650 earlier. Reacting to the development, shares of the company witnessed huge buying interest that pushed the share price to its fresh 52-week high of Rs 633.10 apiece on the BSE in the opening deals on Friday (September 15).The stock trades 5.06 per cent higher at Rs 618.45 on the BSE. Read more
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 20,050-20,100 levels and a strong buy zone at 19,925-20,000 levels on Friday, September 15. For the Nifty Bank, he expects support at 45,800-45,900 levels and a strong buy zone at 45,525-45,650 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on JSW Steel, Nalco, USL, JBM Auto, IPCA Labs, 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 Friday, September 15. Check out which stocks are on analysts Ashish Chaturvedi and Kushal Gupta's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Oil India shares in the cash segment for a price target of Rs 285 with a stop loss at Rs 273
- Buy UPL futures for a target of Rs 650 with a stop loss at Rs 625
- Buy the Rs 810 call option of JSW Steel at Rs 20 for a target of Rs 30 with a stop loss at Rs 15
- Technical pick: Buy Nalco shares for a target of Rs 102 with a stop loss at Rs 95
- Fundamental pick: Buy Tata Communications shares for a one-year target of Rs 2,500
- 20k Pick: Buy JK Cement shares for a six-month target of Rs 4,000. Read more
Share Market Today LIVE | Nifty tops 20,150, Sensex trades nearly 200 pts higher
Nifty
Nifty trades above 20,150, up 0.26 per cent in opening deals.
Source: NSE
Sensex
Sensex trades nearly 200 points higher at 67,707 in opening deals.
Source: BSE
Stocks to Watch | Infosys, Strides Pharma, Abbott India, Siyaram Silk, Titagarh Rail, and HDFC Bank among top stocks to track today
Amid Nifty ending the day at a record high, ZeeBiz takes you through the stocks that can be factors when the market opens on Friday (September 15).
Infosys
The company has entered into a Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernization and business operations services, leveraging Infosys platforms & AI solutions.
Indian Hotels Company
The company said in its regulatory filing that an agreement has been signed for a Taj Hotel in Frankfurt, Germany under an operating lease arrangement.
Siyaram Silk Mills
The company has raised its buyback price to Rs 720 per share.
Titagarh Rail
Foreign brokerage HSBC has maintained a 'BUY' rating on the stock. It has raised the target price to Rs 900 from Rs 750 earlier.
HDFC Bank
Sensex and FTSE are slated for a rejig today. HDFC Bank Ltd. could see inflows of $600 million, as per reports.
Abbott Labs
Goa has warned the local unit of Abbott Laboratories (ABT.N) it plans to suspend the manufacturing licence of its antacid medicine after inspectors flagged contamination risks and sanitization issues at its factory, government documents show. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 45.9 points or 0.23 per cent at 20,232.5 ahead of the opening bell on Dalal Street.
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