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Share Market HIGHLIGHTS: The domestic equity indices Sensex and Nifty ended in red on Thursday, October 12, snapping the two-day winning streak dragged by Information Technology (IT) stocks on weak earnings by Tata Consultancy Services. All eyes now will be on HCL Technologies and Infosys Q2 results. S&P BSE Sensex ended 64.66 points or 0.1 per cent lower at 66,408.39 and NSE Nifty settled 17.35 points or 0.09 per cent lower at 19,794.
12 Oct 2023, 3:42 PM (IST)
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12 Oct 2023, 3:34 PM (IST)
Nifty ends 6 pts shy of 19,800, down 0.09 per cent.
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Source: NSE
Sensex finishes 65 points lower, down 0.1 per cent.
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Source: BSE
12 Oct 2023, 3:30 PM (IST)
TechM, Infy, HCL Tech and Apollo Hospitals are among the top losers, down nearly 3-2 per cent in the Nifty basket. On the other hand, BPCL, Maruti Suzuki, Coal India and PowerGrid are among the top gainers, trading with gains of around 2-1 per cent.
Source: NSE
12 Oct 2023, 3:09 PM (IST)
Source: NSE
12 Oct 2023, 2:08 PM (IST)
Plastiblends India shares skyrocketed to touch a 52-week high on Thursday, continuing to rise for the third session in a row after the Mumbai-based company reported a strong set of results for the July-September period.
The stock of Plastiblends India, a manufacturer and exporter of colour and additive masterbatches and thermoplastic compounds for the plastic processing industry, soared as much as 16 per cent to Rs 276.2 apiece on BSE, surpassing a previous 52-week high touched in August. Read More
12 Oct 2023, 1:52 PM (IST)
As many as 13 stocks in the BSE 200 basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| BALKRISIND | 2,588.70 | 2,609.95 | 2,606.00 (05 Oct 2023) | 2,724.40 (23 Sep 2021) |
| BHARTIARTL | 949 | 961.35 | 956.75 (11 Oct 2023) | 1,149.00 (10 Oct 2007) |
| BOSCHLTD | 20,441.85 | 20,565.00 | 19,980.00 (07 Jul 2023) | 27,989.25 (20 Mar 2015) |
| CHOLAFIN | 1,243.35 | 1,284.45 | 1,272.80 (11 Oct 2023) | 1,760.75 (30 Apr 2018) |
| COALINDIA | 307.5 | 309.1 | 305.00 (11 Oct 2023) | 447.25 (05 Aug 2015) |
| GRASIM | 1,995.40 | 2,021.95 | 1,988.75 (18 Sep 2023) | 5,348.50 (05 Aug 2016) |
| LUPIN | 1,178.60 | 1,192.50 | 1,184.00 (29 Sep 2023) | 2,127.00 (06 Oct 2015) |
| NMDC | 159 | 159.9 | 154.15 (15 Sep 2023) | 16,584.10 (06 Nov 2007) |
| PAYTM | 958.7 | 984.9 | 978.00 (11 Oct 2023) | 1,961.05 (18 Nov 2021) |
| RECLTD | 290.8 | 296.5 | 294.35 (03 Oct 2023) | 409.50 (11 Oct 2010) |
| SOLARINDS | 5,335.55 | 5,420.00 | 5,359.95 (09 Oct 2023) | 5,420.00 (12 Oct 2023) |
| TVSMOTOR | 1,592.00 | 1,594.00 | 1,571.00 (11 Oct 2023) | 1,594.00 (12 Oct 2023) |
| ZOMATO | 110.4 | 113.25 | 109.75 (11 Oct 2023) | 169.10 (16 Nov 2021) |
12 Oct 2023, 1:17 PM (IST)
As many as 34 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
| Security Name | LTP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| ANGELONE | 2,112.25 | 2,148.00 | 2,135.00 (11 Oct 2023) | 2,148.00 (12 Oct 2023) |
| BALKRISIND | 2,583.90 | 2,609.95 | 2,606.00 (05 Oct 2023) | 2,724.40 (23 Sep 2021) |
| BHARTIARTL | 949 | 961.35 | 956.75 (11 Oct 2023) | 1,149.00 (10 Oct 2007) |
| BOSCHLTD | 20,488.55 | 20,565.00 | 19,980.00 (07 Jul 2023) | 27,989.25 (20 Mar 2015) |
| BSOFT | 546.1 | 548.6 | 548.50 (11 Oct 2023) | 740.00 (02 Jan 2007) |
| CAPPL | 1,118.25 | 1,138.85 | 1,122.00 (06 Sep 2023) | 1,639.00 (03 Sep 2015) |
| CENTURYTEX | 1,177.80 | 1,185.55 | 1,182.25 (11 Oct 2023) | 11,400.00 (03 Feb 1994) |
| CHOLAFIN | 1,242.50 | 1,284.45 | 1,272.80 (11 Oct 2023) | 1,760.75 (30 Apr 2018) |
| COALINDIA | 307.5 | 309.1 | 305.00 (11 Oct 2023) | 447.25 (05 Aug 2015) |
| GAEL | 367.25 | 374.85 | 372.70 (11 Oct 2023) | 393.85 (19 Apr 2022) |
| GRASIM | 1,996.50 | 2,021.95 | 1,988.75 (18 Sep 2023) | 5,348.50 (05 Aug 2016) |
| KALYANKJIL | 273.65 | 277.5 | 272.90 (11 Oct 2023) | 277.50 (12 Oct 2023) |
| KPITTECH | 1,205.10 | 1,237.80 | 1,234.50 (11 Oct 2023) | 1,237.80 (12 Oct 2023) |
| LUPIN | 1,181.20 | 1,192.50 | 1,184.00 (29 Sep 2023) | 2,127.00 (06 Oct 2015) |
| MEDANTA | 761.8 | 777 | 768.90 (11 Oct 2023) | 777.00 (12 Oct 2023) |
| MHRIL | 440.6 | 449.5 | 444.20 (11 Oct 2023) | 657.90 (07 Jul 2017) |
| MMTC | 70.02 | 70.72 | 70.33 (07 Sep 2023) | 56,931.50 (12 Nov 2007) |
| MOTILALOFS | 967.85 | 979.5 | 960.00 (16 Aug 2023) | 2,270.00 (04 Jan 2008) |
| NAM-INDIA | 377.6 | 391.7 | 353.60 (11 Oct 2023) | 476.50 (19 Oct 2021) |
| NBCC | 63.38 | 65.32 | 64.64 (11 Oct 2023) | 1,214.50 (06 Aug 2015) |
| NETWORK18 | 81.39 | 82.44 | 78.40 (14 Dec 2022) | 629.60 (23 May 2007) |
| NMDC | 158.95 | 159.9 | 154.15 (15 Sep 2023) | 16,584.10 (06 Nov 2007) |
| PAYTM | 958.75 | 984.9 | 978.00 (11 Oct 2023) | 1,961.05 (18 Nov 2021) |
| PCBL | 206 | 211.65 | 204.00 (10 Oct 2023) | 1,594.90 (09 Jan 2018) |
| PHOENIXLTD | 1,956.90 | 1,968.50 | 1,938.95 (11 Oct 2023) | 37,536.25 (21 Sep 2005) |
| RAMCOCEM | 995.9 | 1,002.35 | 994.00 (11 Oct 2023) | 13,500.00 (25 Apr 1996) |
| RECLTD | 290.6 | 296.5 | 294.35 (03 Oct 2023) | 409.50 (11 Oct 2010) |
| SOLARINDS | 5,336.00 | 5,420.00 | 5,359.95 (09 Oct 2023) | 5,420.00 (12 Oct 2023) |
| SUNTV | 640.75 | 642.25 | 639.80 (06 Oct 2023) | 1,849.00 (08 Feb 2007) |
| SUVENPHAR | 590.35 | 594 | 577.00 (03 Oct 2023) | 825.00 (18 Sep 2020) |
| TORNTPOWER | 745.1 | 763.45 | 761.15 (03 Oct 2023) | 763.45 (12 Oct 2023) |
| TVSMOTOR | 1,588.70 | 1,591.40 | 1,571.00 (11 Oct 2023) | 1,591.40 (12 Oct 2023) |
| WELCORP | 421.35 | 423.4 | 419.15 (11 Oct 2023) | 537.70 (17 Jan 2008) |
| ZOMATO | 110.4 | 113.25 | 109.75 (11 Oct 2023) | 169.10 (16 Nov 2021) |
12 Oct 2023, 12:28 PM (IST)
Shares of HCL Technologies trade over 1 per cent lower at Rs 1,230.35 on BSE, reacting to mixed Q2 numbers by its peer Tata Consultancy Services (TCS). Besides, nervousness ahead of its September quarter results announcement, which will be released later in the day, also added pressure to the stock.
According to Zee Business Research, the Noida-headquartered IT services company will report revenue of Rs 27,000 crore, up 2.7 per cent QoQ while revenue in US dollar terms is expected to rise 1.7 per cent QoQ to $325.5 crore. Read more
12 Oct 2023, 12:06 PM (IST)
State-owned manganese ore producer MOIL Ltd shares on Thursday, October 12, zoom over 15 per cent and hit a 52-week high at Rs 265 apiece on BSE. The uptrend in the stock was witnessed after bulk deal data showed that Quant Mutual Funds Gilt Fund bought a stake in the company on Wednesday. Read more
12 Oct 2023, 11:15 AM (IST)
Patanjali Foods shares are rising 1.22 per cent, or Rs 16.1 higher, at Rs 1,331.1 each on NSE on Thursday in the first trading session after the company announced its second-quarter update on Wednesday. In its Q2 update, while the company's growth in edible oil is single-digit, its growth in the food and FMCG segments is double-digit. Read more
12 Oct 2023, 10:46 AM (IST)
Source: NSE
12 Oct 2023, 10:17 AM (IST)
Aurobindo Pharma shares trade higher by 1.42 per cent, or Rs 12.75 each, at Rs 912.40 after the company announced that its subsidiary, CuraTeQ, has signed a letter of intent with a Singapore-based company. Read more
12 Oct 2023, 10:00 AM (IST)
Shares of Plaza Wires make a strong debut on the bourses today. The shares list at Rs 84, a premium of around 55 per cent against the issue price of Rs 54, on the Bombay Stock Exchange (BSE), while the shares list at Rs 76, a premium of nearly 41 per cent against the issue price of Rs 54, on the National Stock Exchange (NSE).
12 Oct 2023, 9:56 AM (IST)
Infosys shares edge higher ahead of its Q2 result announcement. The IT giant stock trades Rs 8 or 0.54 per cent lower at Rs 1,486.4 on NSE. Domestic brokerage Sharekhan expects Infosys to report revenue growth at 0.7 per cent in CC terms due to discretionary spend rationalisation, with nearly 20 basis points (bps) cross-currency headwinds to result in reported US dollar revenue growth of 0.5 per cent q-o-q. EBIT margins are likely to decline by nearly 20 bps QoQ, impacted by higher travel and back-to-office costs.
The brokerage expects revenue in rupee terms to come in at Rs 38,322 crore, up 4.9 per cent YoY and 1 per cent QoQ. Operating profit margin is expected to slip 60 basis points (bps) YoY and 13 bps QoQ to 23.8 per cent. Net profit is seen at Rs 6,160 crore, against Rs 6,021 crore in the corresponding quarter of the previous fiscal. This will be 2.3 per cent growth YoY and 3.6 per cent on a QoQ basis. Read more
12 Oct 2023, 9:50 AM (IST)
Vedanta Ltd shares are trading in negative territory, down 0.64 per cent, or Rs 1.45, at Rs 226.25 on Thursday in the first trading session after India Ratings and Research downgraded its ratings on the long-term bank facilities and debt instruments.
In a release on Wednesday, Vedanta said, "We wish to inform you that India Ratings and Research, vide release dated October 11, 2023, has downgraded its ratings on the long-term bank facilities and debt instruments of the company to ‘IND AA-‘ from ‘IND AA’ and placed these ratings on ‘Rating Watch with Negative Implications’ while reaffirming the ratings on the short-term debt instruments of the company at ‘IND A1+." Read more
12 Oct 2023, 9:17 AM (IST)
Nifty trades at 19,829, up 0.09 per cent in early morning deals.
Source: NSE
Sensex trades nearly 100 points higher at 66,552 in opening deals.
Source: BSE
12 Oct 2023, 9:04 AM (IST)
12 Oct 2023, 8:37 AM (IST)
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,675-19,750 levels and a strong buy zone at 19,575-19,650 levels on Thursday, October 12, a day after Tata Consultancy Services (TCS) kicked off the corporate earnings season. For the Nifty Bank, he expects support at 44,300-44,425 levels and a strong buy zone at 44,000-44,125 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
12 Oct 2023, 8:13 AM (IST)
ZeeBiz takes you through the list of stocks that will be in the limelight on Thursday (October 12).
TCS: Tata Consultancy Services reported a 2.4 per cent sequential increase in consolidated net profit to Rs 11,342 crore for the quarter ended September 30. The Tata Group IT major's board also approved a buyback worth Rs 17,000 crore as well as a dividend of Rs 9 per share. The results were announced post-market close and will be on the investor radar on Thursday.
Aurobindo Pharma: The pharma company said that CuraTeQ Biologics Private Limited, a wholly owned subsidiary of Aurobindo Pharma, along with its subsidiary(ies), has been in discussions with Merck Sharp & Dohme Singapore Trading Pte. Ltd. and its affiliates for CMO operations. The parties have also signed a limited Letter of Intent in this regard. The parties under the said LOI intend to conclude the negotiations by March 31, 2024, Aurobindo Pharma said in a statement.
Cipla: Speaking about InvaGen Pharmaceuticals Inc., a wholly-owned subsidiary of the company located in Central Islip, Long Island, USA, Cipla said on Wednesday that it had received the EIR (Establishment Inspection Report) from the USFDA on the classification of the inspection as Voluntary Action Indicated. Read more
12 Oct 2023, 7:52 AM (IST)
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 5.3 points or 0.03 per cent at 19,846.5 ahead of the opening bell on Dalal Street.
12 Oct 2023, 7:50 AM (IST)
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