Share Market Today HIGHLIGHTS: Nifty settles above 22,400, Sensex rises over 676 pts amid buying in financials and IT stocks
Share Market Today HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex managed to stage a intraday recovery in yet another volatile session on Thursday, May 16. Buying interest in financials and Information Technology (IT) counters supported headline indices.
Catch all the highlights of the May 16 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market Today HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex managed to stage a intraday recovery in yet another volatile session on Thursday, May 16. Buying interest in financials and Information Technology (IT) counters supported headline indices.
Catch all the highlights of the May 16 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today LIVE | Domestic equity indices settles nearly 1 per cent higher. Sensex closes over 676 points higher, Nifty settles at 22,403.85.
Commodity Update | Silver at all-time high
"The swift rise in silver prices is primarily due to its unique industrial properties, which set it apart from gold. Key industrial metals like Copper, Aluminium, Zinc, and Lead prices have risen sharply since April on worries over supply threat. This has prompted speculators to bet largely on silver. In addition, a record high gold prices, escalating geopolitical tensions and hopes of US interest rate cuts also aided the sentiments," says Hareesh V, Head of Commodities, Geojit Financial Services.
Further Hareesh V adds the ongoing momentum-driven buying is likely to extend in the immediate run driven by a robust rally in gold and other industrial metals. Expectations of interest rate cuts, escalating geopolitical tensions, and enduring inflation concerns could help prices stay firm in the immediate run.
Share Market Today LIVE: Sensex up 144 pts at 73,131, Nifty at 22,239 as market in the last hours of trade
Take a look at where key indices stand at this hour:
- Sensex up 144 pts at 73,131
- Nifty up 38 pts at 22,239
- Nifty Bank up 42 pts at 47,730
Share Market Today LIVE | Buy Insecticides India stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Insecticides India shares for a target of Rs 585 with a stop loss at Rs 540.
Share Market Today LIVE | Buy J Kumar Infra stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying J Kumar Infraprojects Ltd (JKIL) shares for a target of Rs 665 with a stop loss at Rs 620.
Share Market Today LIVE | Vodafone Idea Q4 results preview: Margin seen to rise 30bps QoQ; ARPU likely at Rs 147
The country’s third-leading telecom operator Vodafone Idea (Vi) is scheduled to report its Q4FY24 earnings later today. Zee Business research desk estimates the telco’s loss to mount sequentially from Rs 6986 crore in the December-ended quarter to Rs 7,650 crore during the period under review.
Adjusted loss, however, is seen to log a 1.2 per cent decline quarter-on-quarter (QoQ) to Rs 7,650 crore from Rs 7,742 crore reported in the previous quarter.
Share Market Today LIVE | This midcap stock has surged over 5 times in 5 years; can you still ride the rally?
The stock of HG Infra Engineering Ltd, a civil infrastructure construction company, has surged 440.15 per cent in the past five years, beating the headline Nifty50 index by a spectacularly wide margin.
Is there still more potential in this midcap stock?
Share Market Today LIVE | Aadhar Housing Finance and TBO Tek soar up to 8% post bulk deals today
Shares of Aadhar Housing Finance and TBO Tek which made their D-Street debut on Wednesday (May 15, 2024) remain in the spotlight today primarily amid bulk deals in both the counters. Read more
Share Market Today LIVE | Top 10 Mid-cap Stocks to Invest: Motilal Oswal picks Indian Hotels, Godrej Properties, and more; know target price
Domestic brokerage Motilal Oswal has recommended numerous stocks from the Midcap space that investors can add to their portfolio. From Indian Hotels to Lemon Tree here are brokerage's top picks. Read more
Special Live Trading Session on Saturday | BSE, NSE will remain open on May 18; check timings
Stock exchanges BSE and NSE will conduct a special trading activity in the equity and equity derivative segments on Saturday, May 18 to check their preparedness to handle major disruption or failure at the primary site. Read more
Share Market Today LIVE | Canara Bank slides over 4.50% despite stock coming out of F&O ban list
In the first session after NSE removed Canara Bank from the futures and options (F&O) ban list, the lender's shares tanks on BSE today. Read more
Share Market Today LIVE | SBI, ICICI Bank, RIL and Maruti Suzuki among top drags
Selling in auto, financials, and oil & gas counters are dragging the headline indices. While SBI, ICICI Bank, RIL, and Maruti Suzuki are among the top laggards, Bharti Airtel, Infosys, HDFC Bank, and Tech Mahindra are among the stocks supporting the Nifty50 index.
Here is a heatmap of top gainers and losers at this hour:
Share Market Today LIVE | Should you buy Cipla, Oberoi Realty, LIC Housing Finance, Titagarh Rail, and other stocks today? here is what brokerages recommend
As Dalal Street enters the May 16 session, brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC, and Nomura make of stocks such as Cipla, Oberoi Realty, LIC Housing Finance, and Titagarh Rail Systems. Read more
Share Market Today LIVE | Apollo Tyres stock zooms 7%; here is what driving gains
In the early trade on Thursday (May 16), shares of the midcap entity Apollo Tyres zoomed more than 7 per cent to the day’s high price of Rs 508.10 even as the tyre manufacturer posted weaker-than-expected Q4 results. The spurt in the stock is likely triggered as global brokerages upgraded the stock on a better outlook. Read more