Share Market HIGHLIGHTS: Sensex ends 551 pts lower, Nifty slips to 19,671; Zee Business Operation Farzi Bull Run sends PSU stocks tumbling
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended lower on Wednesday, October 18, amid broad-based selling. 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 ended lower on Wednesday, October 18, amid broad-based selling. Globally, sentiments were dented after the Middle East conflict intensified, and the U.S. rate worried investors. Many public sector undertaking (PSU) stocks also declined after Zee Business' report on the Farzi Bull Run.
Zee Business carried out an operation to expose the spurious bull run in many PSU stocks. The Operation Farzi Bull Run report covered a string of stocks that have rallied in the recent past without any apparent reason and sought to protect the interests of small retail investors, especially the ill-informed ones.
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 Twins, NTPC, HDFC Bank among top losers in Nifty 50 basket
Bajaj Twins, NTPC, HDFC Bank and RIL are among the top losers, down around 1-3 per cent in the Nifty basket. On the other hand, Cipla, Dr Reddy's, Tata Motors and Sun Pharma are among the top gainers, trading with gains of around 1-3 per cent.
Source: NSE
Share Market HIGHLIGHTS | Sensex ends 551 pts lower, Nifty slips to 19,671
Nifty 50
Nifty slips to 19,671, down 0.71 per cent.
Source: NSESensex
Sensex ends 551 points lower at 65,877.
Source: BSE
Share Market Tips LIVE | Buy Greenpanel Industries, HLE Glascoat shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Greenpanel Industries shares for a target of Rs 405 with a stop loss at Rs 365. Besides, he recommends buying HLE Glascoat shares for a target of Rs 590 with a stop loss at Rs 530.
Share Market Today LIVE | Coal India, Zomato, 23 other stocks hit 52-week highs
As many as 25 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) BALKRISIND 2,606.60 2,644.85 2,635.05 (17 Oct 2023) 2,724.40 (23 Sep 2021) BSOFT 547.1 559.95 557.00 (17 Oct 2023) 740.00 (02 Jan 2007) CENTURYTEX 1,213.15 1,222.65 1,205.95 (17 Oct 2023) 11,400.00 (03 Feb 1994) COALINDIA 316.9 319.55 318.20 (17 Oct 2023) 447.25 (05 Aug 2015) DIXON 5,472.00 5,506.00 5,488.00 (17 Oct 2023) 21,500.00 (15 Mar 2021) GSFC 206.15 215.45 214.25 (16 Oct 2023) 575.00 (02 Apr 1992) IPCALAB 960.3 981.2 979.50 (17 Oct 2023) 2,767.10 (15 Sep 2021) IRB 34.95 36.55 35.00 (11 Sep 2023) 346.95 (25 Oct 2021) ITI 286.95 337 320.80 (17 Oct 2023) 337.00 (18 Oct 2023) KALYANKJIL 301.4 309.85 298.00 (17 Oct 2023) 309.85 (18 Oct 2023) KIOCL 442 520 476.40 (17 Oct 2023) 520.00 (18 Oct 2023) KPRMILL 812.65 819.85 800.00 (17 Oct 2023) 2,349.60 (09 Sep 2021) L&TFH 137.75 141.2 140.20 (03 Jul 2023) 213.60 (24 Oct 2017) NBCC 64.6 67.45 66.20 (16 Oct 2023) 1,214.50 (06 Aug 2015) OIL 329.3 339.45 334.35 (17 Oct 2023) 1,635.00 (15 Sep 2010) POLYCAB 5,340.00 5,492.85 5,485.00 (17 Oct 2023) 5,492.85 (18 Oct 2023) RATNAMANI 2,809.15 2,888.75 2,800.00 (11 Sep 2023) 2,888.75 (18 Oct 2023) RCF 138.2 145.7 144.80 (15 Dec 2022) 150.35 (07 Jan 2008) SPLPETRO 597.15 617.65 576.90 (16 Oct 2023) 1,027.05 (28 Mar 2022) STARCEMENT 174.65 182.35 180.30 (17 Oct 2023) 182.35 (18 Oct 2023) SUNTV 663 664.95 651.95 (17 Oct 2023) 1,849.00 (08 Feb 2007) SUZLON 31 31.06 29.82 (06 Oct 2023) 2,300.00 (09 Jan 2008) TEJASNET 884.85 939.9 935.00 (08 Sep 2023) 939.90 (18 Oct 2023) WELSPUNIND 132.3 134.9 134.25 (17 Oct 2023) 1,007.15 (14 Mar 2016) ZOMATO 110.4 115 114.10 (17 Oct 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | Astra Microwave Products notch fresh 52-week high; here is why
Shares of Astra Microwave on Wednesday spurt as much as 14.5 per cent to notch a fresh 52-week high price of Rs 513.05 on the BSE. The sharp gains in the stock is triggered after the company said it had executed a licence-cum-Transfer of Technology (ToT) agreement between Bengaluru-based NewSpace India and the Indian National Space Promotion and Authorization Centre (IN-SPACe) for utilising MiniSAR: X-band Airborne SAR. Read more
Nifty Today LIVE | HDFC Bank, RIL, ICICI Bank among top losers in Nifty basket
HDFC Bank, RIL, ICICI Bank and Bajaj Finance are the top losers in the Nifty baskets at this hour. On the contrary, Cipla, Infy, Sun Pharma and Dr Reddy's are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | ICICI Prudential's stock declines over 3% post-Q2; is it a buying opportunity?
ICICI Prudential Life Insurance shares are under pressure in Wednesday's trading session, snapping a two-day gaining streak, a day after the company posted its September quarter (Q2FY24) numbers. The stock has slipped as much as nearly 4 per cent to touch the day's low of Rs 512.4 apiece on BSE. Read more
Share Market Today LIVE | Syngene shares plunge after contract research firm trims revenue guidance
Syngene International shares tumble on Wednesday after the contract research firm trimmed its revenue guidance for the second half of the current financial year. The stock of Syngene International, a subsidiary of biopharma company Biocon, falls by as much as Rs 58.7, or 7.5 per cent, to Rs 720.3 apiece on BSE. Read more
Share Market Today LIVE | Nifty PSU Bank drops nearly 100 pts, down 1.52%
Source: NSE
Share Market Today LIVE | Nifty, Sensex at day's lows as Zee Business Operation Farzi Bull Run sends PSU stocks tumbling
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Wipro shares trade tad higher ahead of Q2 results
Shares of the software major Wipro trade 0.5 per cent higher at Rs 413.3 apiece on the BSE ahead of its Q2 results due to be announced later in the day. Last week, the top IT services companies posted muted Q2 performance, signalling that the challenging time for the sector is unlikely to end anytime soon. Read more
Share Market Today LIVE | HUL Q2 FY24 results preview: FMCG major likely to see 3% volume growth; PAT expected to be flat
Hindustan Unilever (HUL) is all set to declare its financial results for the quarter ended September 30, 2023 (Q2FY24) on Thursday, October 19. The FMCG behemoth, according to Zee Business Research, is estimated to report revenue of Rs 15,224 crore on a standalone basis, up 3 per cent year-on-year (YoY). The company posted revenue of Rs 14,751 crore in the year-ago period. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is estimated to rise 6 per cent YoY to Rs 3,589 crore against Rs 3,377 crore logged in the corresponding quarter of the previous fiscal. Read more
Share Market Today LIVE | Nifty, Sensex at day's lows amid selling pressure in financial stocks
Sensex
Source: NSENifty 50
Source: BSE
Share Market Today LIVE | Sensex falls nearly 250 pts, down 35%
Source: BSE
Share Market Today LIVE | Zomato shares bank on increased FII and DII stakes; hit back-to-back 52-week highs
Shares of food delivery company Zomato hit a 52-week high for the second day in succession at Rs 115 on BSE on Wednesday (October 18).
Why Zomato shares are on the rise?
One of the major causes behind the meteoric rise is the increased stakes of foreign entities (FIIs) and domestic entities (DIIs) in the last quarter. While FIIs have increased their stake in the company to 54.7 per cent in the second quarter from 54.4 per cent in the previous quarter, DIIs have shown more interest in Zomato, increasing their stake to 13 per cent in Q2FY24 from 9.9 per cent in Q1FY24. Read more
Share Market Today LIVE | LTTS shares under pressure after engineering R&D firm lowers 2023-24 revenue guidance
L&T Technology Services (LTTS) shares succumbs to selling pressure on Wednesday after the Larsen & Toubro group firm trimmed its revenue guidance for the financial year ending March 2024. The stock of LTTS, an engineering research and development (ER&D) services provider, decline as much as 3.5 per cent to Rs 4,444.4 apiece during the session on NSE, even as the company's quarterly numbers met analysts’ expectations. After market hours on Tuesday, LTTS reported a 1.4 per cent quarter-on-quarter increase in consolidated net profit to Rs 315.4 crore for the July-September period. Its revenue grew 3.7 per cent to Rs 2,386.5 crore and EBIT margin stood at 17.1 per cent for the fiscal second quarter, according to a regulatory filing. Read more
Anil Singhvi Market Strategy | Anil Singhvi strategy October 18: Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,700-19,750 levels and a strong buy zone at 19,625-19,675 levels on Wednesday, October 18. For the Nifty Bank, he expects support at 44,125-44,250 levels and a stronger base at 43,950-44,050 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Bajaj Finance Q2 earnings almost meet Street expectations; what should investors do?
Bajaj Finance shares take centre stage on Wednesday after the non-banking financial company reported a mixed set of results for the July-September period. The stock declines as much as Rs 166.4, or 2.1 per cent, to Rs 7,925 apiece amid an overall lacklustre start to the day for the market.
Bajaj Finance Q2 results: A summary
After market hours on Tuesday, the company reported a 27.7 per cent year-on-year jump in consolidated net profit to Rs 3,550.8 crore for the second quarter of the current financial year while its net interest income (NII) grew 26.3 per cent to Rs 8,845 crore. Read more
Share Market Today LIVE | HUDCO shares crack 8.5% as government proposes to sell up to 7% stake; OFS opens today
Shares of Housing & Urban Development Corporation (HUDCO) slip as much as 9 per cent to Rs 81.80 apiece on the BSE, a day after the government announced that it would sell up to a 7 per cent stake in the company at a floor price of Rs 79 per share. The offer for sale (OFS) for over 14.01 crore shares or a 7 per cent stake opens today. Read more
Share Market Today LIVE | Nifty slips below 19,800, Sensex drops nearly 150 pts
Nifty 50
Nifty slips below 19,800, down 0.12 per cent in opening deals.
Source: NSESensex
Sensex drops nearly 150 points in opening deals.
Source: BSE
Currency Update | Rupee rises 2 paise to 83.23 against US dollar in early trade
Stocks to Watch | Bajaj Finance, Bajaj Auto, Wipro, LTIMindtree, L&T Tech, and HUDCO among top stocks to track today
ZeeBiz will take you to the list of stocks that will be on focus on Wednesday (October 18).
Results today, October 18: Bajaj Auto, Bandhan Bank, Heritage Foods, IIFL Finance, IndusInd Bank, LTIMindtree, ICICI Lombard, and Persistent Systems, among others, will announce their results for the second quarter (Q2FY24) today.
Bajaj Finance: Shares of the leading NBFC will be in focus after the company released its quarterly numbers in post-market hours on Tuesday. The company reported a consolidated net profit of Rs 3,550.8 crore for the quarter ended September 30, marking a rise of 27.7 per cent compared to the corresponding period a year ago but falling short of analysts' estimates.
L&T Technology Services: Shares of the IT-enabled services player will be watched out for after its September results. The company posted a consolidated net profit of Rs 315 crore during the Q2 period as against Rs 311 crore in the March-ended quarter.
Tata Elxsi: Tata Group’s software services player will see traction after its Q2 numbers. The company’s net profit during the period under review rose 15 per cent year-on-year (YoY) to Rs 200 crore. The same stood at Rs 174.3 crore during Q2 FY23. Read more
Share Market Today LIVE | GIFT Nifty futures indicate sluggish start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 18.5 points or 0.09 per cent at 19,790.5 ahead of the opening bell on Dalal Street.
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