Share Market HIGHLIGHTS: Sensex ends 165 pts higher led by IT, financial stocks; HDFC Bank, TCS gain 2%

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Share Market Today: HDFC Bank, LTIMindtree, TCS, Maruti Suzuki, Infosys rise most among 13 Nifty gainers; Adani Enterprises, Grasim, Cipla top losers

Top Nifty gainers

Top Nifty losers

Share Market Today: Nifty IT, Nifty Financial Services rise among NSE's sectoral indices; Nifty Realty worst hit, down 3.7%

Share Market Today: Sensex ends 165 pts higher, Nifty almost unchanged at 22,336

Share Market Tips LIVE | Buy Siyaram Silk Mills, Tata Communications, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Siyaram Silk Mills shares for a target of Rs 500 with a stop loss at Rs 470. Besides, recommends buying Tata Communications futures for a target of Rs 2,020 with a stop loss at Rs 1,975.

Share Market Today LIVE | TCS shares hit all-time high 

TCS shares gain as much as 2.61 per cent on BSE to hit an all-time high of Rs 4,229.3. surpassing an earlier peak of Rs 4,184.55, touched on February 9, 2024. 

Share Market Today LIVE: Buy Rs 600 ICICI Pru call option, says Shilpa Rout

Shilpa Rout of Prabhudas Lilladher suggests buying the Rs 600 call option of ICICI Prudential Life Insurance Company for a target of Rs 26 with a stop loss at Rs 12. 

Here's how the stock has broadly moved within the Rs 592-606 band so far today: 

Image: BSEIndia.com

Share Market Today LIVE: Buy Rs 180 GAIL put option, says Sneha Seth

Sneha Seth of Angel One has a 'buy' recommendation on the Rs 180 put option of GAIL for a target of Rs 7.25 with a stop loss at Rs 3.9.

Share Market Today LIVE: Buy Nifty Bank 47,500 call at Rs 170, says Mehul Kothari

Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying the 47,500 call option of the Nifty Bank at Rs 170-odd levels for targets of Rs 300 and Rs 350 with a stop loss at Rs 80. 

Share Market Today LIVE: Hold Jupiter Life Line Hospitals shares, says Nilesh Jain 

Nilesh Jain of Centrum Broking has a 'hold' call on Jupiter Life Line Hospitals shares. 

Jain has placed his targets for the scrip at Rs 1,350 and Rs 1,400 with a stop loss at Rs 1,160.

Share Market Today LIVE | Should you buy GAIL, Oil India, IGL, and other oil and gas stocks? Here's what Morgan Stanley suggests

Morgan Stanley expects gas market oversupply to reach multi-decade highs over the coming years. In a report, the global brokerage said that it will inflect demand, especially in India & Southeast Asia and save $10 billion in energy costs through 2030 with energy consumption rewiring back in favour of gas for the region.

Gas accelerates renewable adoption and also partly solves policymaker trilemma of supporting AI adoption and decarbonisation at affordable prices, the brokerage in its report read.

Here's what Morgan Stanley bets on the following stocks from oil & gas sector:

GAIL India share price target

Morgan Stanley has maintained an overweight call State-run natural gas major GAIL. The brokerage has raised the target to Rs 213 from Rs 195 on the PSU stock.

IGL share price target

The brokerage has upgraded the gas distribution company Indraprastha Gas (IGL) to overweight from equal-weight, with a rise in target price to Rs 522 from Rs 413. The revised target implies an upside of 23 per cent. Read more

Share Market Today LIVE | Nifty Bank trades flat in afternoon deals

Source: NSE

Share Market Today LIVE | Should you buy Zomato, GAIL, Apollo Hospitals, Max Healthcare, other stocks today? Here is what brokerages recommend

Brokerages have a dozen stocks on their radar. Here's what Jefferies, Morgan Stanley, HSBC, JPMorgan and Citi make of stocks such as Zomato, GAIL, Apollo Hospitals Enterprise and Max Healthcare:

AB Capital share price target: Jefferies has maintained a 'buy' call on the Aditya Birla Capital stock with a target of Rs 225.

Morgan Stanley has maintained an 'equal-weight' rating on AB Capital shares with a target of Rs 190.

Zomato share price target: HSBC has maintained a 'buy' call on the Zomato stock with a target of Rs 200.

GAIL share price target: Morgan Stanley has maintained an 'overweight' rating on the GAIL stock with a target of Rs 213.

IGL share price target: Morgan Stanley has an 'overweigh' rating on the Indraprastha Gas Ltd (IGL) stock with a target of Rs 522.

Petronet LNG share price target: Morgan Stanley has maintained an 'equal-weight' rating on the Petronet LNG stock with a target of Rs 239.

Gujarat Gas share price target: Morgan Stanley has maintained an 'overweight' rating on the Gujarat Gas Ltd stock with a target of Rs 629. Read more 

Stocks to Buy | HAL, REC, Dr Reddy's, RVNL among analysts' top picks 

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vikas Sethi, Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi, Vishvesh Chauhan and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.

On the top analysts' 'buy' list are stocks such as Dr Reddy's Laboratories, Oracle Financial Services Software (OFSS), Rail Vikas Nigam Ltd (RVNL), REC, Aditya Birla Capital, Hindustan Aeronautics Ltd (HAL), CMS Info Systems and Imagicaaworld Entertainment. Read more

Share Market Today LIVE: Buy SML Isuzu shares, says Vishvesh Chauhan

Vishvesh Chauhan of Chase Alpha Investment Advisors suggests buying SML Isuzu shares for targets of Rs 2,200 and Rs 2,400 with a stop loss at Rs 1,800.

His targets imply an upside of as much as 21 per cent from the previous close. 

Share Market Today LIVE: IT, financial, oil & gas stocks help indices stay afloat

Take a look at the heatmap in the Nifty50 basket: 

Image: Niftyindices.com

Share Market Today LIVE | Bharat Highways InvIT debuts at 1% premium over issue price

Bharat Highways InvIT, an infrastructure investment trust, debuts in the secondary market on Tuesday, March 12. The InvIT begins trading with the symbol BHINVIT under the hybrid securities category at Rs 101 apiece on BSE, a premium of one per cent over the upper end of the issue price range. On NSE, Bharat Highways InvIT begins its journey in the listed space at Rs 101.1 apiece, a premium of 1.1 per cent. Read more

RK Swamy IPO Listing | Shares debut at 12.5% discount to IPO price

Integrated market communication services provider RK Swamy makes a weak debut in the secondary market. The stock begins trading on BSE at Rs 252 per share, a discount of 12.5 per cent to the upper end of the issue price range. On NSE, the stock opens at Rs 250, a discount of 13.2 per cent. 

The company's IPO, worth an estimated Rs 424 crore, concluded last week with an overall subscription of 25.9 times the equity on offer. The IPO was a combination of fresh issuance of shares, and an offer for sale (OFS) by promoters and existing shareholders. Read more 

Share Market Today LIVE | Nifty above 22,400, Sensex gains over 350 pts led by financial, IT stocks

Share Market Today LIVE | InterGlobe Aviation shares trade flat after Rakesh Gangwal sells stake worth Rs 6785 cr in aviation firm? Who is buyer? 

The stock of InterGlobe Aviation, the parent company of IndiGo, is trading flat at Rs 3,225.75, up 0.36 per cent on BSE after its promoter Rakesh Gangwal sold his 5.83 per cent shares in the company.

Gangwal sells stake

Gangwal on Monday sold his 5.83 per cent stake, or 2.25 crore shares worth Rs 6785 crore in the company.The share was priced at Rs 3016 in the deal. 

Who is the buyer?

Morgan Stanley Asia (Singapore) bought 21 lakh shares, or 0.54 per cent stake, worth 633 crore, at a share price of Rs 3015.1. Read more 

Share Market Today LIVE | ITC shares slip over 2% amid reports British American Tobacco will sell stake

Shares of ITC, the diversified conglomerate slip as much as 2.43 per cent to Rs 399.45 apiece on the BSE after reports surfaced that British American Tobacco was evaluating a possible disposal of a "small part" of its shareholding in ITC through an on-market block trade.

The stake sale would allow the maker of Dunhill and Lucky Strike cigarettes to pay down its debt and move faster towards the leverage range at which it could resume share buybacks, according to a Reuters report. Read more

Share Market Today LIVE | Nifty above 22,350, Sensex up over 100 pts in opening deals

Nifty 50

Source: NSE

Sensex

Source: BSE

Currency Update | Rupee falls 1 paisa to 82.76 against US dollar in early trade

Traders' Diary | What to do with IRCTC, RVNL, DLF, 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 12, 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 Rail Vikas Nigam Ltd (RVNL) shares in the cash segment for a target price of Rs 251 with a stop loss at Rs 242
• Buy Aditya Birla Capital futures for a target of Rs 186 with a stop loss at Rs 177
• Buy the Rs 4,750 call option of Siemens at Rs 152 for a target of Rs 220 with a stop loss at Rs 120
• Technical pick: Buy Zydus Lifesciences shares for a target price of Rs 1,030 with a stop loss at Rs 980
• Fundamental pick: Buy IRCTC shares for a target of Rs 1,120 with a perspective of 12 months
• Investment idea: Buy Britannia Industries shares for a one-year target of Rs 6,000. 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 22,200-22,275 and a strong buy zone at 22,025-22,125 levels for the headline Nifty50 index on Tuesday, March 12. For the Nifty Bank, he expects support to come in at 47,025-47,125 levels and a strong support zone at 46,725-46,900 levels.

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

Stocks to Watch | ITC, Zomato, Aurobindo Pharma, M&M, RVNL, Aditya Birla Capital

Here are some stocks that will be in focus on Tuesday, March 12: 

Mahindra & Mahindra (M&M): The company released its February production sales and export figures. 

RVNL: Rail Vikas Nigam Limited emerged as the lowest bidder (L1) from Central Railway for signalling and telecommunication work for the provision of automatic block signalling on the Khapri-Sewagram section of the Nagpur Division.

Aditya Birla Capital: The company's board approved the merger with Aditya Birla Finance, a subsidiary of Aditya Birla Capital.

Further, Aditya Birla Finance is to amalgamate with Aditya Birla Capital through an NCLT-approved scheme; the proposed amalgamation is to take 9–12 months to complete. 

KEI Industries: The company approved an interim dividend of Rs 3.5 per equity share with a face value of Rs 2 each for the financial year 2023–24. 

UCO Bank: In a clarification, the lender said that reports about steps being taken by the Central Bureau of Investigation (CBI) in accordance with their systems and protocols of investigation do not contain any new material information that has not been disclosed by the bank earlier. Read more 

Gopal Snacks IPO | How to check allotment online

Rajkot-headquarter ethnic savouries maker Gopal Snacks’ initial public offer (IPO), which was open for subscription for three trading days from March 6, concluded with an overall subscription of 9.02 times on Monday, March 11. The stock of the snacks maker, which produces a wide range of products including 'gathiya', is set to be listed on exchanges BSE and NSE tentatively on Thursday, March 14, after the finalisation of the allotment of shares tentatively on Tuesday, March 12.

Applicants can check the status of allotment online through the websites of stock exchange BSE and registrar.

Gopal Snacks IPO: Here's a step-by-step guide on how to check the allotment status:

Gopal Snacks IPO allotment status check: How to check IPO allotment status online through BSE website, bseindia.com

Step 1: Visit the official BSE website and log in by entering relevant details. bseindia.com/investors/appli_check.aspx

Step 2: Select 'equity' under 'issue type'.

Step 3: Select 'issue name'. Enter either the application number or PAN in the designated boxes to proceed. Click 'submit'.

The status of the Gopal Snacks IPO application will appear on the screen after a successful completion of these steps. Read more

Image: Official website 

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

GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 31.65 points or 0.14 per cent at 22,453 ahead of the opening bell on Dalal Street.

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

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