Share Market HIGHLIGHTS: Sensex ekes out 21-point gain, Nifty flat at 22,514 after RBI status quo
Share Market HIGHLIGHTS: Benchmark indices Sensex and Nifty50 finished barely in the green on Friday after the RBI announced a widely-expected status quo on the key lending rate. Catch all the highlights of the Apl 5 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.coms blog.
Share Market HIGHLIGHTS: Benchmark indices Sensex and Nifty 50 finished a choppy session barely in the green on Friday after the Reserve Bank of India (RBI) Governor-led Monetary Policy Committee decided to leave benchmark interest rates unchanged as widely expected.
Catch all the highlights of the April 5 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: Sensex ends 21 pts higher at record 74,248, Nifty flat but within inches of new high
Share Market Today LIVE: Buy Nifty Bank 48,500 call option at Rs 335, says Jay Thakkar
Jay Thakkar of ICICI Securities suggests buying the weekly 48,500 call option (April 10) of the banking index at Rs 335 for targets of Rs 466 and Rs 565 with a stop loss at Rs 219.
Bharti Hexacom IPO subscribed 1.53 times on Day 3 so far; check out allotment, listing date
Bharti Airtel subsidiary Bharti Hexacom's initial public offering (IPO) opened for subscription on Wednesday, April 3, making it the first public offer of the new financial year. Bharti Hexacom IPO will be available for subscription for three trading days, till April 5.
The initial share sale, worth an estimated Rs 4,275 crore, comprises an offer for sale (OFS) of 7.5 crore equity shares, representing a 15 per cent stake owned by Telecommunications Consultants India.
HDFC Bank: Brokerages bullish on stock post Q4 update; Citi sees 40% upside
Shares of HDFC Bank, the country’s largest private sector lender by sales as well as market value, were in the spotlight for the second consecutive session on April 5 due to multiple factors, such as a healthy Q4 business update that caused its ADRs, or American Depository Receipts, in the overnight trade to settle 5.1 per cent higher.
Further, HDFC Bank on Thursday sold a 3.03 per cent stake in Indraprastha Medical Corporation Ltd. for Rs 55.46 crore through the secondary market route on the NSE.
Macrotech Developers Q4 sales bookings up 40% to Rs 4,230 crore; FY24 pre-sales rise 20%
Realty firm Macrotech Developers Ltd on Friday reported a 40 per cent annual growth in its sales bookings to Rs 4,230 crore in the fourth quarter of last fiscal driven by strong housing demand.
Its sales bookings stood at Rs 3,030 crore in the year-ago period.Macrotech Developers, which sells its properties under the Lodha brand, registered a 20 per cent growth in its sales bookings to a record Rs 14,520 crore last fiscal from Rs 12,060 crore in the 2022-23 financial year, according to a regulatory filing.
Rate-sensitive stocks trade mixed after RBI maintains status quo on repo rate, stance
Rate-sensitive stocks were mixed on Friday, April 5, after the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent. While real estate, and consumer durables stocks traded in the green, bank and financial services counters traded flat with a positive bias, while auto stocks traded lower.
Rate-sensitive stocks are those stocks that are influenced by changes in interest rates.
Nestle India rises over 1% after NCDRC dismisses govt's Maggi-related complaint against firm
Nestle India Ltd rose over one per cent on BSE on Friday (April 5, 2024) after NCDRC dismissed a Consumer Ministry complaint against the company that said that by selling Maggi Moodles, the consumer products firm was indulging in unfair trade practice by manufacturing and selling of hazardous and defective goods.
The stock rose by 1.06 per cent to Friday's high of Rs 2,576.00 after ending the trading session on Thursday at Rs 2549.05.
Share Market Today LIVE | 300% Return in 3 Years: Multibagger IT stock may announce final dividend soon - Check share price target by JP Morgan
Indian IT services provider Persistent Systems Limited is one of the top-performing mid-cap stocks. The IT software company has said in a regulatory filing that its board of directors may soon recommend a final dividend. Considering this, is this a good time to invest in this stock? Find out.
Share Market Today LIVE | Zomato shares log new all-time high; rally 53% YTD
Shares of Zomato, the new-age company, marked their new all-time high in Friday’s session (April 5) of Rs 191.25 apiece on the BSE. The stock, on a year-to-date (YTD) basis, has logged a stupendous gain of nearly 53 per cent.
Traders' Diary | Buy, sell or hold strategy on Hero MotoCorp, HPCL, NHPC, Cipla, Apollo Tyres, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, April 5, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Aavas Financiers shares in the cash segment for a target price of Rs 1,500 with a stop loss at Rs 1,445
- Sell Apollo Tyres futures for a target of Rs 445 with a stop loss at Rs 468
- Buy the Rs 4,500 put option of Hero MotoCorp at Rs 94 for a target of Rs 125 with a stop loss at Rs 80
- Technical pick: Sell Hindustan Petroleum Corporation Ltd (HPCL) futures for a target price of Rs 450 with a stop loss at Rs 467
- Fundamental pick: Buy Ramco Cements shares for a one-year target of Rs 1,000 with a stop loss at Rs 520
- Investment idea: Buy Bharat Forge shares for a one-year target of Rs 1,400
- News-based pick: Sell Cipla futures for a target of Rs 1,425 with a stop loss at Rs 1,482. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,350-22,450 levels and a strong buy zone at 22,200-22,325 levels for the headline Nifty50 index on Friday, April 5, the day the RBI's MPC is set to announce the outcome of its first bi-monthly review of the new financial year.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
RBI MPC Meeting April 2024 Live Update: Here's how interest rate-sensitive stocks fare after the RBI announcements
Financial services
Stock CMP Change(%) NIFTY FINANCIAL SERVICES 21,418.25 0.21 ICICIPRULI 621.25 2.56 ICICIGI 1,670.25 1.95 HDFCBANK 1,545.75 1.19 SBILIFE 1,478.00 0.97 SHRIRAMFIN 2,523.00 0.95 SBICARD 700.55 0.92 CHOLAFIN 1,202.95 0.55 KOTAKBANK 1,756.95 0.45 SBIN 762.15 0.38 BAJAJFINSV 1,660.05 0.26 IDFC 116.15 0.13 HDFCLIFE 623 0.1 LICHSGFIN 642.35 -0.23 RECLTD 472.65 -0.26 PFC 413.5 -0.36 HDFCAMC 3,677.25 -0.6 ICICIBANK 1,071.35 -0.7 AXISBANK 1,053.00 -0.94 BAJFINANCE 7,184.75 -1.35 MUTHOOTFIN 1,623.05 -2.61 Auto
Stock CMP Change (%) NIFTY AUTO 21,648.90 -0.01 APOLLOTYRE 464.6 1.03 EXIDEIND 322.45 0.94 HEROMOTOCO 4,564.45 0.92 M&M 2,018.25 0.78 MRF 1,35,772.00 0.3 BOSCHLTD 30,866.00 0.24 EICHERMOT 4,023.35 0.23 MOTHERSON 119.55 -0.04 ASHOKLEY 172.85 -0.09 TATAMOTORS 1,010.60 -0.1 TATAMTRDVR 670.6 -0.12 BALKRISIND 2,333.25 -0.41 MARUTI 12,505.55 -0.49 TVSMOTOR 2,070.85 -0.76 BHARATFORG 1,142.60 -0.76 BAJAJ-AUTO 9,048.85 -1.06 Real estate
SYMBOL CMP Change(%) NIFTY REALTY 938.1 1.47 MAHLIFE 660.1 5.65 OBEROIRLTY 1,579.00 2.75 GODREJPROP 2,469.00 2.47 DLF 901.95 1.55 LODHA 1,152.20 1.23 PHOENIXLTD 2,884.50 1.19 BRIGADE 962.4 0.48 PRESTIGE 1,308.80 0.34 SUNTECK 440 0.14 SOBHA 1,530.10 -2.14 Consumer durables
SYMBOL CMP Change(%) NIFTY CONSUMER DURABLES 33,378.35 0.31 BLUESTARCO 1,365.20 1.25 VOLTAS 1,232.00 1.15 DIXON 7,699.95 0.94 WHIRLPOOL 1,350.00 0.92 KAJARIACER 1,251.30 0.9 VGUARD 342.05 0.87 AMBER 3,781.10 0.66 CROMPTON 282.3 0.59 RAJESHEXPO 308.4 0.11 HAVELLS 1,538.50 -0.02 TITAN 3,778.85 -0.1 KALYANKJIL 430.2 -0.17 BATAINDIA 1,358.10 -1.01 CERA 7,391.75 -1.38 CENTURYPLY 658.35 -1.47 RBI MPC Meeting | Indian rupee has largely remained range-bound among emerging market peers, exhibited lowest volatility in 2023 says RBI Governor Shaktikanta Das
Share Market Today LIVE | Broader market indices trade mixed, Nifty Smallcap100, Nifty Midcap100 edge higher
Source: NSE
Share Market Today LIVE | Healthcare, FMCG, Financial sector among top movers in the Nifty50 basket as RBI MPC meeting is LIVE
Source: NSE
Share Market Today LIVE | Nifty Bank trades sluggish
Source: NSE
RBI MPC Meeting | MPC will remain resolute in its commitment to align inflation to RBI's target of 4 pc, says RBI Governor Shaktikanta Das
RBI MPC Meeting | RBI Monetary Policy Committee decides to keep repo rate unchanged at 6.5% says Governor Shaktikanta Das
Share Market Today LIVE | Nifty below 22,450, Sensex drops nearly 100 pts ahead of RBI MPC meeting
Share Market Today LIVE | HDFC Bank: Brokerages bullish on stock post Q4 update; Citi sees 40% upside
Shares of HDFC Bank, the country’s largest private sector lender by sales as well as market value, are in the spotlight for the second consecutive session on April 5 due to multiple factors, such as a healthy Q4 business update that saw its ADRs, or American Depository Receipts, in the overnight trade settle 5.1 per cent higher.
Further, HDFC Bank on Thursday sold a 3.03 per cent stake in Indraprastha Medical Corporation Ltd. for Rs 55.46 crore through the secondary market route on the NSE. In the opening deals, the stock is trading 0.53 per cent higher at Rs 1,536 on the BSE.
HDFC Bank Q4 update: Loan book crosses Rs 25 lakh crore
HDFC Bank's loan book crossed Rs 25 lakh crore in the fourth quarter ended March 2024. The bank's gross advances aggregated to Rs 25.08 lakh crore as of March 31, 2024, a growth of 55.4 per cent over Rs 16.14 lakh crore as of March 31, 2023.
The figures for the period ended March 31, 2024, include the operations of erstwhile HDFC Ltd, which amalgamated with HDFC Bank on July 1, 2023, and hence are not comparable with those of the corresponding period of the previous year, it said.
HDFC Bank share price target: How do global brokerages view HDFC Bank down the line? Citi sees 38 per cent upside on HDFC Bank
Citi has maintained a buy call on HDFC Bank with a target price of Rs 2,050, the highest among its peers. The revised target implies a 38 per cent upside.
Brokerage firm Jefferies has also maintained its 'buy' rating on the stock with a target of Rs 1,800.
HSBC has also continued with a buy call with a target of Rs 1,750. According to the brokerage deposit performance (+Rs1.66tn deposits q-o-q) in 4Q, it is above estimates of +Rs1.2-1.3tn. Valuation at 13x FY26e EPS is still very attractive, as per HSBC. Read more
Image: Reuters/ Representational image RBI MPC Meeting April 2024 Live Update: Here's how interest rate-sensitive stocks fare ahead of the RBI announcements due shortly
Financial services
Stock CMP Change (%) HDFCBANK 1,541.30 0.9 KOTAKBANK 1,761.40 0.7 CHOLAFIN 1,204.40 0.67 SHRIRAMFIN 2,513.15 0.55 BAJAJFINSV 1,664.95 0.55 HDFCLIFE 623.85 0.23 SBIN 759.75 0.06 IDFC 115.8 -0.17 LICHSGFIN 640.1 -0.58 ICICIBANK 1,070.55 -0.77 BAJFINANCE 7,222.15 -0.84 AXISBANK 1,051.25 -1.1 PFC 409.2 -1.4 MUTHOOTFIN 1,627.05 -2.37 Auto
Stock CMP Change (%) M&M 2,017.70 0.75 HEROMOTOCO 4,547.60 0.54 EICHERMOT 4,020.50 0.15 MARUTI 12,535.35 -0.25 TATAMOTORS 1,008.75 -0.28 TATAMTRDVR 668.8 -0.39 ASHOKLEY 172.15 -0.49 TVSMOTOR 2,073.70 -0.62 BAJAJ-AUTO 9,066.35 -0.87 Real estate
Stock CMP Change (%) MAHLIFE 654 4.67 PHOENIXLTD 2,889.50 1.37 LODHA 1,153.65 1.35 OBEROIRLTY 1,555.45 1.21 DLF 898.25 1.13 PRESTIGE 1,319.15 1.13 GODREJPROP 2,431.20 0.9 BRIGADE 958 0.02 SUNTECK 438 -0.32 SOBHA 1,533.00 -1.95 Consumer durables
Stock CMP Change (%) WHIRLPOOL 1,356.40 1.4 DIXON 7,730.00 1.33 VGUARD 342.65 1.05 CROMPTON 282.45 0.64 VOLTAS 1,224.90 0.57 KALYANKJIL 433.4 0.57 KAJARIACER 1,246.35 0.5 BLUESTARCO 1,353.60 0.39 TITAN 3,788.05 0.14 HAVELLS 1,538.00 -0.05 CERA 7,480.00 -0.21 AMBER 3,743.40 -0.34 RAJESHEXPO 306.6 -0.47 BATAINDIA 1,356.95 -1.09 CENTURYPLY 660.65 -1.12 Currency Update | Rupee falls 6 paise to 83.45 against US dollar in early trade
Share Market Today LIVE | Nifty below 22,500, Sensex drops over 100 pts in early morning deals
Nifty 50
Source: NSESensex
Source: BSE
Market Outlook | Domestic markets could open lower, says Deepak Jasani
"Indian markets could open lower, in line with lower Asian markets today and negative US markets on April 4," Deepak Jasani, Head of Retail Research, HDFC Securities said.
"Nifty made a new high at 22619 but closed below the earlier high of 22529. It wants to break into new territory but keeps running into selling pressure at higher levels. Nifty could now remain in the 22453-22619 band for the near term," he adds.
Stocks to Watch | HDFC Bank, Hero MotoCorp, Bandhan Bank, Nestle
Here are some stocks that will be in focus on Friday, April 5:
Bandhan Bank: The company said in its Q4 business update that its total deposits grew 25.1 per cent year-on-year (YoY).
HDFC Bank: After the bank's Q4 business update yesterday and stake sale in Indraprastha Medical Corporation, the private lender's shares will see traction. The bank's ADR, or American Depository Receipt, ended higher by 5.1 per cent.
Bajaj Finance: The company posted a decent Q4 business update for the FY ending 2024, with deposits and AUM logging a growth of 35 per cent and 34 per cent, respectively.
IndusInd Bank: The company posted good growth in the last quarter of FY24; nevertheless, CASA trended lower during the review period. Advances at the private lender also logged an 18 per cent increase, while deposits grew by 14 per cent during the same period.
Aavas Financiers: The housing finance company posted a good Q4 business update, with disbursement logging a healthy 20 per cent growth. However, Smallcap World Fund sold 10.06 lakh (1.27 per cent) shares at an average price of Rs 1,420.19 per share.
Nestle India: The National Consumer Dispute Redressal Commission (NCDRC) dismissed a complaint filed in the year 2015 in favour of the company. The complaint was filed by the Union of India, Department of Consumer Affairs, on the allegations that by selling Maggi noodles in the past, the company had indulged in unfair trade practices. Read more
Stocks to buy: Bajaj Finserv, Eicher Motors, Persistent Systems, UNO Minda among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts share their top stock recommendations in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks such as Eicher Motors, Bajaj Finserv, Persistent Systems and UNO Minda. Read more
Share Market Today LIVE: Nifty50 has rallied 797 pts (3.7%) since February policy review
The Nifty50 has gained 796.7 points, or 3.7 per cent, since the MPC's last bi-monthly review of FY24.
RBI MPC Meeting Today | Can you expect Shaktikanta Das to announce a repo rate cut at 10 am today?
RBI Governor Shaktikanta Das is scheduled to announce the outcome of the April 3-5 review by the Monetary Policy Committee (MPC) at 10 am today, April 5. This is the first MPC meeting of the financial year 2024-25 (FY25). In the last bi-monthly review, the RBI chief-led MPC voted 5:1 to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent while maintaining the "withdrawal of accommodation" policy stance, in line with economists' expectations. This time around too, most economists expect no change in the benchmark interest rate.
All of the economists polled by Zee Business expect no change in the repo rate in the April 2024 review. Read more on RBI MPC meeting due today
Share Market Today LIVE | GIFT Nifty futures indicate a lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 74.25 points or 0.33 per cent at 22,538 ahead of the opening bell on Dalal Street.
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