Share Market HIGHLIGHTS: Nifty sinks to 18,857, Sensex plunges 901 pts, end lower for 6th day in a row amid broad-based selling
Share Market HIGHLIGHTS: Bears continued to be in the drivers seat for the sixth straight session on Thursday (October 26) as geopolitical tensions, a rise in US bond yields, and a slide in IT counters made investors jittery. 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: Bears continued to be in the driver's seat for the sixth straight session on Thursday (October 26) as geopolitical tensions, a rise in US bond yields, and a slide in IT counters made investors jittery. Additionally, the market was also volatile as it was the last day of the futures & options (F&O) contracts for the October series.
The S&P BSE Sensex nosedived 901 points, or 1.41 per cent to settle at 63,148.15, while the NSE Nifty slipped below the 18,900 level to close at 18,857.25 points, down 64.9 points, or 1.39 per cent.
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 | M&M, Bajaj Finance, Asian Paints emerge as top losers in 50-scrip blue-chip basket
M&M, Bajaj Finance, Asian Paints and UPL are among the top losers, down nearly 4-3 per cent in the Nifty basket amid broad-based weakness. On the other hand, Axis Bank, Adani Ports and HCL Tech are among the top gainers.
Source: NSE
Share Market HIGHLIGHTS | Sensex settles 901 pts lower, Nifty slides to 18,857 amid broad-based selling
Nifty 50
Nifty slides to 18,857, down 1.39 per cent.
Source: NSESensex
Sensex settles 901 points lower at 63,148.
Source: BSE
Share Market Tips LIVE | Buy CIE Automotive, VPRPL, MRPL shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying CIE Automotive shares for a target of Rs 475 with a stop loss at Rs 445. Besides, he recommends buying VPRPL shares for a target of Rs 205 with a stop loss at Rs 180. He also recommends buying MRPL shares for a target of Rs 105 with a stop loss at Rs 90.
Share Market Today LIVE | Nifty trades below 18,900 amid broad-based weakness
Source: NSE
Share Market Today LIVE | Asian Paints' PAT jumps 53%, revenue remains flat
Asian Paints reported its September quarter results on Thursday (October 26), reporting a 53.31 per cent jump in its profit after tax to Rs 1,232.39 crore in the quarter under review from Rs 803.83 crore in the same quarter last fiscal. The company's revenue from operations in the September quarter jumped 0.24 per cent to Rs 8,478.57 crore from Rs 8457.57 crore in the corresponding period last year. Read more
Asian Paints on Thursday, October 26 announced an interim dividend of Rs 5.15 per equity share of the face value of Re 1 each for the financial year ending 31 st March 2024, i.e., a 515 per cent payout along with its July-September quarter earning report. Read more
Share Market Today LIVE | Chennai Petro shares fall despite firm reporting strong second-quarter numbers
Shares of Chennai Petro trade 1.83 per cent down at Rs 524.55, despite the company announcing strong second-quarter results on Wednesday. The stock's fall on Thursday continued the lacklustre show of the company's shares which have slid 12.43 per cent in the last five trading sessions. It has underperformed the benchmark Nifty 50, which has been down 3.37 per cent in the same period. Read more
Traders' Diary | Buy, sell or hold strategy on Bharat Forge, IDFC First Bank, GAIL, TVS Motor, Birlasoft, other a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Thursday, October 26. Here's a list of 20 stocks that are on analysts Varun Dubey and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy Bannari Aman Sugar shares in the cash segment for a price target of Rs 2,670 with a stop loss at Rs 2,530
- Sell Bharat Forge futures for a target of Rs 1,000 with a stop loss at Rs 1,045
- Buy the Rs 1,420 call option of IndusInd Bank for a target of Rs 53 with a stop loss at Rs 37
- Technical pick: Sell Can Fin Homes November futures for a target of Rs 702 with a stop loss at Rs 730
- Fundamental pick: Buy Axis Bank shares for a target of Rs 975 with a stop loss at Rs 936
- Cricket World Cup stock idea: Buy IDFC First Bank shares for a three-week target of Rs 96. Read more
Vodafone Idea Q2 Results Preview | Revenue likely to remain flat due to decreasing subscribers; losses may improve
Vodafone Idea's second-quarter subscriber numbers are declining, and the effect is likely to be seen in its quarterly results as the telecom operator is set to report its Q2 numbers on Thursday (October 26, 2023), predicts Zee Business research. The analysts say that the company's income is likely to remain flat in the second quarter due to its reduced number of subscribers. Read more
Share Market Today LIVE | Rallis India posts mixed Q2 results; stock up by 3%
Shares of Rallis India, a Tata Group company, gain a day after it reported a mixed set of numbers for the June-September quarter (Q2FY24). The stock trades 2.69 per cenr higher at Rs 212.05 on BSE. Pesticides and agrochemicals company Rallis India on Wednesday posted a standalone profit after tax (PAT) of Rs 82 crore as against Rs 72 crore in a year ago period. Read more
IRM Energy IPO listing | Shares list at discount of around 5% on NSE, BSE
IRM Energy makes a tepid market debut on Thursday as the scrip lists at Rs 477.25 apiece on the NSE, a discount of 5.5 per cent to the IPO price of Rs 505 apiece. The stocks lists at Rs 479, at a discount of 5.15 per cent on BSE. Read more
Nifty Today LIVE | Nifty slips below key 19,000 level; 5 factors propelling a free fall
Indian equity benchmarks continues to nosedive for the sixth straight session on Thursday ahead of the monthly expiry today. Nifty gives up 19,000 to trade 1.37 per cent lower at 18,860 for the first time since Jun2 28 amid broad-based selling.
Here are the reasons for the continued free fall in the benchmarks:
Middle East crisis: The ongoing Israel-Hamas conflict can pull the global economy into recession and depress the stock market by 20 per cent, economists at Ernst & Young warned.
"There is risk-off in global equity markets triggered by a combination of economics and geopolitics. The Israel-Hamas conflict continues to be a major headwind for markets. If the conflict lingers for long, it has the potential to impact global growth, too, when the global economy is already in the midst of a slowdown," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Global markets: Asian markets traded in the red following a weak overnight session in the US, with South Korea’s Kospi and Japan’s Nikkei indices trading with over 2 per cent losses.
Fresh FII offloading: In the previous trading session, FIIs net sold Indian equities worth Rs 4236.6 crore as per the provisional data. Persistent selling by Foreign Institutional Investors (FIIs) is weighing on Indian equities. Read more
Share Market Today LIVE | Blue Jet Healthcare IPO get subscribed 89% on Day 2 so far
Blue Jet Healthcare IPO's share sale has received bids for 1,51,94,179 crore shares against 1,69,99,612 shares on offer. Overall, the public issue has been subscribed 89 per cent so far on Day 2 of the bidding process.
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 0.01 Non-institutional investors 1.82 Retail investors 1 Overall 0.89 Source: Exchange data
Blue Jet Healthcare IPO review: Should you apply? Here’s what Anil Singhvi recommends
Share Market Today LIVE | Sona BLW Precision Forgings stock jumps over 5% on the back of strong Q2 results; should you buy, sell or hold the stock?
Sona BLW Precision Forgings shares zoom after the auto component maker announced a strong set of financial results for the July-September period. The Sona BLW stock gain by Rs 25.9, or 5.2 per cent, to Rs 539.6 apiece at the strongest level in intraday trade on BSE. Read more
Share Market Today LIVE | Nifty slips below 18,900, Sensex falls over 750 pts amid broad-based selling
Share Market Today LIVE | Nifty slips below 18,950, Sensex fall nearly 600 pts amid broad-based weakness
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Axis Bank woos Street with strong Q2 show; here is what investors may do
Axis Bank are in demand on Thursday after the country's fourth largest private sector lender by market value reported a strong set of quarterly financial results. The Axis Bank stock gain by as much as Rs 13.7, or 1.4 per cent, to Rs 969 apiece on BSE. The bank registered a 10 per cent year-on-year jump in standalone net profit for the July-September period with a better-than-expected improvement in asset quality.
EDITOR'S TAKE | Results better than estimates on all parameters
Zee Business Managing Editor Anil Singhvi recommends buying Axis Bank futures for targets of Rs 965, Rs 975, Rs 985 and Rs 995 with a stop loss at Rs 950. Read more
Share Market Today LIVE | Tech Mahindra slips 4% after weak Q2; here is what investors may do
Tech Mahindra slips as much as nearly 4 per cent to touch the day's low of Rs 1,098.15 on the NSE after the IT company reported its quarterly financial results after market hours on October 25. Read more
Tech Mahindra target price: Here's how some of the top brokerages view Tech Mahindra after company's quarterly report:
Tech Mahindra Brokerage Rating Target (INR) JP Morgan Underweight 1000 Morgan Stanley Underweight 1210 Jefferies Underperform 910 Citi Sell 1000 Nomura Buy 1320 Goldman Sachs Sell 990 Macquarie Underperform 1010 HSBC Hold 970
Image Source: Reuters Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 18,975-19,025 levels and a strong base at 18,825-18,900 levels on Thursday, October 26. For the Nifty Bank, he expects support at Bank Nifty 42,450-42,600 levels and a strong base at 42,200-42,375 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty Bank drops over 200 pts in early morning deals
Source: NSE
Currency Update | Rupee falls 3 paise to 83.20 against US dollar in early trade
Share Market Today LIVE | Nifty near 19,000, Sensex slips over 350 pts amid broad-based selling
Nifty 50
Nifty holds to 19,000, down 0.64 per cent in opening deals.
Source: NSESensex
Sensex slips over 350 points, down 0.57 per cent in opening deals.
Source: BSE
Share Market Today LIVE | Nifty slips below 19,000, Sensex slips over 450 pts amid broad-based selling
Stocks to Watch | Axis Bank, Tech Mahindra, Torrent Pharma, other stocks
ZeeBiz will take you through the list of stocks that may gain focus on Thursday:
Results today, October 26: ABSL AMC, ACC, Aavas Financier, Affle India, Asian Paints, DB Corp, Canara Bank, Colgate Palmolive, Westlife Foodworld, Dixon Technologies, Indian Bank, and Vodafone Idea, among others, will announce their results for the second quarter (Q2 FY24) today.
Axis Bank: Shares of the private lender will see traction after the banking major posted better-than-expected Q2 results, with PAT recorded at Rs 5,864 crore in the quarter ended September.
Tech Mahindra: Shares of the tech company will also be in focus after its quarterly numbers were released post-market hours on Wednesday. The large-cap IT major posted a weak set of numbers with net profit declining by 61.6 per cent year-on-year (YoY) during the Q2 period.
Sonata Software: Shares of the small-cap IT services firm will be on the radar after it reported its September quarter numbers on Wednesday. Consolidated net profit at the firm grew to Rs 124 crore in the review period as against Rs 110 crore in the same period last year. Read more
Share Market Today LIVE | GIFT Nifty futures indicate negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 95 points or 0.5 per cent at 19,035 ahead of the opening bell on Dalal Street.
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