Share Market HIGHLIGHTS: Sensex ends volatile session 359 pts higher, Nifty50 back above 21,250
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty and Sensex finished a volatile session half a per cent stronger on Thursday, December 21, with a recovery aided by financial and energy shares. Catch all the highlights of the session, 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: Domestic equity benchmarks Nifty and Sensex gyrated in a wide range around the flatline before finishing half a per cent higher in a recovery aided by financial and energy shares. Globally, a rally on the back of growing bets of earlier-than-anticipated cuts in benchmark interest rates appeared to be losing steam.
Catch all the highlights of the December 21 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:
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Share Market Today LIVE | Sensex ends volatile session 359 pts higher, Nifty50 back above 21,250
Both headline indices finish the day 0.5 per cent higher gyrating in a wide range around the flatline. The Sensex ends 358.8 points higher at 70,865.1 and the Nifty50 settles at 21,255.1, up 104.9 points from its previous close, aided by a rebound in financial and energy shares.
Nifty50
Share Market Today LIVE | Sensex soars nearly 400 pts, Nifty above 21,250; all market indices in green
Share Market Today LIVE | Auro Pharma, Torrent Pharma, other stocks hit 52-week highs
As many as eight 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) AUROPHARMA 1,090.35 1,094.25 1,081.45 (20 Dec 2023) 1,650.00 (07 Jan 2000) CYIENT 2,281.60 2,297.95 2,270.00 (19 Dec 2023) 2,297.95 (21 Dec 2023) FORTIS 403.85 405 401.85 (20 Dec 2023) 405.00 (21 Dec 2023) GESHIP 1,003.95 1,023.85 1,005.00 (20 Dec 2023) 1,023.85 (21 Dec 2023) HINDCOPPER 218.4 220.3 212.70 (20 Dec 2023) 656.95 (20 Jan 2010) METROPOLIS 1,703.10 1,727.15 1,719.95 (04 Dec 2023) 3,579.00 (30 Dec 2021) SHYAMMETL 568.3 570.3 546.50 (20 Dec 2023) 570.30 (21 Dec 2023) TORNTPHARM 2,198.55 2,204.95 2,199.00 (20 Dec 2023) 3,304.45 (31 Dec 2021) Share Market Today LIVE | Nifty Bank trades over 100 pts lower
Source: NSE
Share Market Today LIVE | Buy BPCL, HDFC Bank futures, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities shares two trading ideas with Zee Business viewers:
- Buy BPCL futures for a target of Rs 465 with a stop loss at Rs 425
- Buy HDFC Bank futures for targets of Rs 1,720 and Rs 1,730 with a stop loss at Rs 1,650
Share Market Today LIVE | Should you apply for Innova Captab IPO? Here is what Anil Singhvi suggests
Zee Business Managing Editor Anil Singhvi suggests investors apply for the Innova Captab IPO for a small listing gain and for the long term.
Positive
- Experienced promoters
- Strong growth record of CDMO business
- New unit in Jammu to fuel growth
- Reasonable valuations
Negative
- Huge competition
- Lower margins than peers. Read more
INOX India IPO Listing | Shares list at 43% premium over IPO price - Buy, Sell or Hold?
INOX India shares debut at Rs 949.65 on the NSE, a premium of 43.89 per cent to the issue price of Rs 660 while the shares list at Rs 933.15 on BSE, a premium of 41 per cent. Read more
Innova Captab IPO hits D-Street | Check out subscription status, allotment date, other details
On Thursday, Innova Captab IPO's share sale received bids for 27,28,935 shares against 90,78,010 shares on offer. Overall, the public issue has been subscribed 30 per cent so far on Day 1 of the bidding process. Read more
Category Subscription (No. of times the equity reserved) Qualified institutional buyers Nil Non-institutional investors 0.18 Retail investors 0.52 Overall 0.3 Source: Exchange data
Share Market Today LIVE | DLF rises after it reportedly sold properties worth Rs 1,400 crore in Gurugram and Panchkula
DLF shares trade in green after the real estate firm announced that it had sold sold 75 shop-cum-office (SCO) plots in Gurugram for more than Rs 700 crore. The DLF stock is up by 0.29 per cent, or Rs 1.95 per cent, or Rs 677.35 on BSE. As per a PTI report, DLF will earn Rs 1,400 crore from the Gurugram project as well as a township in Panchkula. Read more
Share Market Today LIVE | Shriram Pistons & Rings hits 5% upper circuit in early trade; here is why
NSE-listed Shriram Pistons & Rings shares hit an upper circuit of 5 per cent on Thursday, December 21. The stock draws investors a day after multiple block deals took place in the stock. The scrip has hit back-to-back upper circuits for the fourth straight session. Read more
Share Market Today LIVE | Cochin Shipyard shares jump over 3% as company wins Defence Ministry contract - Buy, Sell or Hold?
Shares of Cochin Shipyard trade 3.33 per cent higher at Rs 1,264.75 on BSE after the PSU defence firm informed exchanges that it had inked a contract with the Ministry of Defence (MoD). The contract, worth Rs 488.25 crores, was signed on December 19, 2023.
Cochin Shipyard share price target - Buy, Sell or Hold?
According to Sumeet Bagadia of Choice Broking, people should buy shares of Cochin Shipyard if there's any dip with an immediate target of Rs 1,300. Bagadia said shares may rally once they cross the barrier of Rs 1,300. Read more
Stocks to Buy | DLF, Mazagon Dock Shipbuilders among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sumeet Bagadia, Kunal Saraogi, Vikas Sethi and Rakesh Bansal share their top stock recommendations in this special segment, Pick of the Day. On the analysts' 'buy' list are stocks such as DLF and Mazagon Dock. Read more
Share Market Today LIVE | Nifty, Sensex recover from day's lows
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Nifty Metal edges higher
SYMBOL CMP CHNG %CHNG NIFTY METAL 7,432.80 11.25 0.15 HINDCOPPER 201 4.4 2.24 NATIONALUM 105.7 1.4 1.34 NMDC 185.85 2.45 1.34 RATNAMANI 3,411.85 36.25 1.07 SAIL 104.75 1.05 1.01 VEDL 253.35 1.9 0.76 ADANIENT 2,803.95 20.1 0.72 JSL 524.7 3.25 0.62 JINDALSTEL 699.8 2.25 0.32 TATASTEEL 130.05 0.3 0.23 HINDALCO 548.35 0.15 0.03 HINDZINC 305.9 -1 -0.33 JSWSTEEL 834.05 -8.2 -0.97 APLAPOLLO 1,562.30 -18.4 -1.16 WELCORP 507.55 -7.5 -1.46 Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 20,900-21,000 levels and a strong buy zone at 20,700-20,850 levels on Thursday, December 21. For the Nifty Bank, he expects support at 46,900-47,100 levels and a strong buy zone in the 46,750-46,850 range.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency market | Rupee falls 1 paisa to 83.19 against US dollar in early trade
Share Market Today LIVE | Sensex drops over 300 pts, Nifty slips below 21,000; all broad market indices in red
Nifty 50
Source: NSESensex
Source: BSE
Stocks to Watch | Mazagon Dock, DLF, Cochin Shipyard, Raymond, other stocks
Here are some stocks that will be in focus on Thursday, December 21:
Sonata Software:
Sonata Software signed a strategic partnership with AMMEGA Group. The partnership will aim at increasing transparency in performance, improving collaboration and efficiency, reducing complexities in the IT landscape, and fostering digital innovations for business growth.
Cochin Shipyard:
The company signed a contract with Defence Ministry for a value of Rs. 488.25 crore. The work package includes repair and maintenance of the equipment and systems onboard the naval vessel.
DLF:
As per a report by PTI, realty firm DLF Ltd said it had sold independent floors and commercial plots for around Rs 1,400 crore in Gurugram and Panchkula, in Haryana, amid strong property demand.
Raymond:
Raymond Lifestyle Limited, a subsidiary of Raymond Limited, on Wednesday informed that it had incorporated ‘Ten X Realty East Limited’ to undertake redevelopment projects. Read more
Share Market Today LIVE | GIFT Nifty futures are down 80 points or 0.38 per cent at 21,089.5 ahead of the opening bell on Dalal Street.
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 25 points or 0.12 per cent at 21,144.5 ahead of the opening bell on Dalal Street.
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