Share Market HIGHLIGHTS: Sensex, Nifty off record peaks as bulls take a breather after 4-day winning run; Bajaj twins drop 4%

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Share Market Today: Bajaj twins, Infosys, Nestle India, TCS, SBI Life worst hit among 29 Nifty laggards; Tata Motors, Bharti Airtel, Bajaj Auto, SBI top gainers

Top Nifty losers

Top Nifty gainers

Share Market Today: Nifty IT worst hit among NSE's sectoral indices; Nifty PSU Bank top gainer 

Share Market Today: Sensex down 195 pts, Nifty settles at 22,356 as bulls take a breather after four-day winning run

The Sensex ends 195.2 points, or 0.3 per cent, lower at 73,677.1 and the Nifty50 settles at 22,356.3, down 49.3 points, or 0.2 per cent, from its previous close. 

Nifty50

Sensex

Images: NSEIndia.com, BSEIndia.com

Tata Motors demerger | What do brokerages make of it? Is it the right time to invest in the stock?

Tata Motors' board approved the proposal for the demerger of the company into two separate listed companies: A) the commercial vehicle business and its related investments in one entity; and B) the passenger vehicle businesses, including PV, EV, and JLR, and their related investments in another entity on Monday. After the company decided to demerge its business, here's how brokerages have reacted:

Morgan Stanley maintains overweight

Brokerage Morgan Stanley has maintained its overweight call with a target price of Rs 1,013. The brokerage held that the demerger reflects confidence in the PV business being self-sustaining. It also added that the new strategy can help in better value discovery. JLR and India PV will also have synergies in the electric vehicle era, added Morgan Stanley.

HSBC maintains hold

HSBC has maintained a hold call with a target price of Rs 920. Read more

Share Market Tips LIVE | Buy Welspun Corp, Garden Reach shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Welspun Corp shares for a target of Rs 575 with a stop loss at Rs 535. Besides, recommends buying Garden Reach shares for a target of Rs 855 with a stop loss at Rs 810.

Share Market Today LIVE | Capri Global shares zoom 20% as large-cap stock trades ex-split, ex-bonus

Capri Global Capital Ltd (CGCL ) shares skyrocketed on Tuesday, March 5, as the NBFC stock traded both ex-bonus and ex-stock split.

The stock of Mumbai-based Capri Global Capital is locked in the 20 per cent upper circuit at Rs 289.4 and Rs 289.3 apiece on BSE and NSE, respectively. The NBFC stock trade with heavy volumes as about 2.9 lakh shares changed hands in intraday trade so far, sharply higher than a daily average of 14,000 recorded in the past two weeks, according to provisional exchange data.

The company’s market capitalisation stood at Rs 23,873.8 crore, according to BSE.

Capri Global Capital share split and bonus issue ratios

In a regulatory filing dated February 27, the company declared a share split in the ratio of 2:1 (two for one) and a bonus issue in the ratio of 1:1 (one for one). Read more 

Nifty Today LIVE | Infosys, Bajaj Finance, TCS, RIL among top drags

Infosys, Bajaj Finance, TCS, RIL and ITC are among the top drags in the Nifty baskets at this hour. On the contrary, Bharti Airtel, Tata Motors, State of Bank and HDFC Bank are the top movers in the Nifty baskets at this hour. 

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | CLSA on IT sector: Downgrades TCS and HCL Tech; maintains ratings on these IT giants; shares fall  

Brokerage CLSA on Monday issued ratings for a number of leading Indian IT companies, downgrading the likes of Tata Consultancy Services (TCS) and HCL Tech, while maintaining ratings for Infosys, Tech Mahindra, LTI Mindtree and Wipro. In this write-up, we will take you through CLSA's ratings on IT companies, its share price targets, and the current stock prices of IT stocks on BSE. 

CLSA on TCS 

The brokerage has downgraded India's larges IT company to 'sell' from 'underperform' with a share price target of Rs 3925.

CLSA on HCL Tech 

CLSA has downgraded the IT firm to 'sell' from 'underperform'. It has given a target price of Rs 1536 for the company's shares.

CLSA on Infosys

The brokerage has maintained an 'outperform' rating on the company, giving a target of Rs 1741.

CLSA on Wipro 

CLSA has maintained a 'sell' rating on the IT giant, with a target price of Rs 441. Read more 

Share Market Today LIVE | IIFL shares freeze at 20% lower circuit after RBI bans company from sanctioning new gold loans

Shares of IIFL Finance have locked in a 20 per cent lower circuit on the BSE at Rs 478.5 apiece, a day after the Reserve Bank of India (RBI) barred the company from sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.With today's fall, the stock has slipped for the third straight session. 

Why did the RBI impose a ban?

The RBI said its inspection of IIFL's financial position has revealed material supervisory concerns in the gold loan portfolio of the company, including serious deviations in assaying and certifying the purity and net weight of the gold at the time of loan sanction and at the time of auction upon default. Read more

Share Market Today LIVE | Will Tata Motors exit Nifty50 and Sensex after demerger?

Tata Motors' mega announcement of demerging its PV and CV businesses into two separate listed entities has led analysts to decode its impact on all the stakeholders. Reacting to the announcement, which was made on Monday (March 4), post-market hours, the stock hit an all-time high of Rs 1,065.6 apiece on BSE on Tuesday.

Conducting a deeper analysis of Tata Motors' demerger impact on equity indices, Nuvama Alternative & Quantitative Research said in a report that Tata Motors is brilliantly utilising its current momentum to embark on the right restructuring path. Read more 

Share Market Today LIVE | Suven Pharma shares off two-month high; here is how analysts view Cohance merger 

Suven Pharmaceuticals (SUVENPHAR) shares fell on Tuesday, moving further away from a two-month high touched the previous day in an up move following the drug maker's announcement of contract development and manufacturing organisation (CDMO) and merchant API platform provider Cohance Lifesciences with itself. The stock of Suven Pharma weakens by as much as Rs 31.3, or 4.5 per cent, to Rs 666 apiece on BSE, extending losses to a second straight day. 

Suven Pharmaceuticals said the merger with Cohance Lifesciences will create significant value for shareholders through best-in-class financial metrics, as it will further strengthen its industry leadership position in the CDMO industry with niche capabilities and scale benefits, provide multiple engines of growth and access to good manufacturing practice-compliant facilities, and aid synergies in terms of yields revenue and cost. Read more 

Share Market Today LIVE: Buy Union Bank of India shares, says Shivangi Sarda

Shivangi Sarda of Motilal Oswal Financial Services suggests buying Union Bank of India shares for a target of Rs 161 with a stop loss at Rs 152.

Share Market Today LIVE: HAL hits record high after Zee Business reports L&T, Dynamatic Tech may bag large orders from aeronautics firm

Hindustan Aeronautics Ltd (HAL) shares strengthen by Rs 39.3, or 1.2 per cent, to an all-time high of Rs 3,253.7 apiece on BSE, surpassing an earlier peak of Rs 3,225.3 scaled the previous day. On the other hand, L&T shares are down 0.8 per cent at Rs 3,615.3 apiece, having declined as much as 1.5 per cent to Rs 3,591 apiece in intraday trade so far. 

Earlier, Zee Business reported that Larsen & Toubro and Dynamatic Tech may receive large orders from HAL.

Read more on HAL shares

Share Market Today LIVE | AU Small Finance Bank shares rise after RBI approves Fincare Small Finance Bank merger

AU Small Finance Bank shares trade with mild gains after the Reserve Bank of India (RBI) approved a $530-million all-stock merger of AU Small Finance Bank and Fincare Small Finance Bank. The AU Small Finance Bank stock rises as much as 1.7 per cent to touch Rs 590 apiece in intraday trade on NSE, rising for a second straight session.

The merger marks a significant milestone in the country’s banking sector, creating a formidable entity with a customer base of more than one crore and a pan-India banking franchise, AU Small Finance Bank said in a regulatory filing on Monday.

AU SFB-Fincare SFB merger: What’s in it for investors?

As part of the amalgamation arrangement, shareholders will get 579 shares of the listed entity, AU Small Finance Bank, for every 2,000 shares owned in the unlisted entity, Fincare Small Finance Bank. Read more 

Share Market Today LIVE | Nifty slides below 22,350, Sensex nearly 350 pts

Traders' Diary: Buy, sell or hold strategy on ICICI Bank, MGL, Eicher Motors, Tata Motors, Power Grid, 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 Tuesday, March 5, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta

• Buy Apeejay Surrendra Park Hotels shares in the cash segment for a target price of Rs 218 with a stop loss at Rs 208
• Buy Muthooth Finance futures for a target of Rs 1,380 with a stop loss at Rs 1,330
• Buy the Rs 1,560 call option of Mahanagar Gas Ltd (MGL) at Rs 54 for a target of Rs 80 with a stop loss at Rs 40
• Technical pick: Sell Dr. Lal PathLabs shares for a target price of Rs 2,230 with a stop loss at Rs 2,320
• Fundamental pick: Buy Tata Technologies shares for a target of Rs 1,300 with a perspective of 12 months
• Investment idea: Buy Suprajit Engineering shares for a one-year target of Rs 520
• News-based pick: Buy NBCC for a target of Rs 136 with a stop loss at Rs 130. Read more

Platinum Industries IPO Listing | Strong Debut - Shares list at Rs 225, 31% premium to IPO price

Platinum Industries shares debut at Rs 225 on the NSE, a premium of 31.58 per cent to the issue price of Rs 171. while shares open at Rs 228 on the BSE, a premium of 33.33 per cent to the issue price of Rs 171. Read more 

Exicom Tele-Systems IPO Listing LIVE Updates: Bumper listing! Shares list at premium of 86% - Buy, Sell or Hold?

Exicom Tele-Systems shares debut at Rs 265 on the NSE, a premium of 86.62 per cent to the issue price of Rs 142 while Exicom Tele-Systems shares open at Rs 264 on the BSE, a premium of 85.92 per cent to the issue price of Rs 142. Read more 

Share Market Today LIVE | Tata Motors stock breaches Rs 1,000 after the demerger announcement; stock jumps around 5% 

Tata Motors is the stock of the moment as in a big announcement on Monday after market hours, it announced the demerger of its company into two separate entities. Shares of the company trade with gains of 4.72 per cent or Rs 46.6 at Rs 1033.8 on BSE.

“The Board of Directors of Tata Motors Limited (TML), at its meeting today, has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies: A) the commercial vehicle business and its related investments in one entity; and B) the passenger vehicle businesses, including PV, EV, and JLR, and their related investments in another entity. The demerger will be implemented through an NCLT scheme of arrangement, and all shareholders of TML shall continue to have identical shareholding in both the listed entities,” said the company in its filing on Monday. Read more

Share Market Today LIVE | Nifty below 22,350, Sensex drops over 200 pts in opening deals

Nifty 50

Source: NSE

Sensex

Source: BSE

Currency Update | Rupee turns flat at 82.90 against US dollar in early trade

Market Outlook | Nifty, Sensex likely to open flat, says Deepak Jasani

"Indian markets could open flat, despite mostly lower Asian markets today and negative US markets," says Deepak Jasani, Head of Retail Research, HDFC Securities. 

"India's benchmark indices extended gains for the fourth session to end at a record high on March 4. Nifty registered a fresh all-time high of 22440 in the early morning trade and consolidated thereafter for the entire session and finally closed with a gain of 27 points at 22405.60. Nifty continues to remain in an uptrend, where 22,290 could act as support, while 22,600 could offer resistance," he added.

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 22,300-22,365 levels and a strong buy zone at 22,125-22,225 levels on Tuesday, March 5. For the Nifty Bank, he expects support to come in at 47,175-47,300 and a stronger support zone at 46,900-47,050 levels.

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Stocks to Watch | Tata Motors, Cyient, Jindal Stainless, other stocks

Here are some stocks that will be in focus on Tuesday, March 5:

Tata Motors: The board of Tata Motors, in a meeting, approved the proposal of the demerger of Tata Motors Ltd into two separate listed companies. The commercial vehicle business and its related investments will be one entity, and the passenger vehicle business, including PV, EV, JLR and its related investments, will be another entity.

Cyient: The company partnered with the Massachusetts Medical Device Industry Council to deepen its commitment to the healthcare sector, leveraging its extensive expertise in engineering and digital technologies to drive forward MedTech innovation.

Jindal Stainless: In line with its commitment to sustainability and India’s targets of achieving net zero carbon emissions, the company commenced the maiden usage of green hydrogen in its stainless steel plant in Hisar, Haryana.

Angel One: The company, in a business update, said that its number of orders in February stood at Rs 17.266 crore against Rs 8.35 crore. Its client base increased to Rs 2.143 crore against Rs 1.333 crore. Read more 

Good morning! Welcome to Zeebiz.com's blog on the stock market today

Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi  and other experts, investment ideas, stock picks, brokerage calls and much more through the day. 

Happy trading, and happy investing!

Share Market Today LIVE | GIFT Nifty futures indicate a flat start ahead on Dalal Street

GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 8.45 points or 0.04 per cent at 22,489.5 ahead of the opening bell on Dalal Street.