Share Market HIGHLIGHTS: Sensex ends 595 pts higher, Nifty50 reclaims 19,400 as bulls remain in charge for third straight day; Divi's Labs soars 5%

Domestic market largely mirroring rebound on Wall Street, looks set to test hurdle at 19,500: Religare Broking's Ajit Mishra

Ajit Mishra of Religare Broking is of the view that the sustainability of the positive tone on the global front combined with improved participation from the banking pack would be critical to watch for Dalal Street.

"Meanwhile, we maintain our view to stay focused on stock selection," he adds. 

Immediate support for Nifty at 19,320: HDFC Securities' Nagaraj Shetti

Nagaraj Shetti of HDFC Securities expects immediate support for the Nifty50 at 19,320. "A reasonable bull candle was formed on the daily chart with minor upper and lower shadows. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 level on October 26," he says. 

"The immediate resistance of 18,250 has been taken out sharply on the upside on Monday and the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term," Shetti adds. 

Share Market Highlights | Broader indices continue to rise, up around 1%

Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finish the day 0.9 per cent and 1.4 per cent stronger, a third straight higher close for both in tandem with the overall trend in the market.

Closing Bell | Market breadth remains in favour of bulls

Overall market breadth remains extremely positive on BSE, with an advance-decline ratio of 9:5 as 2,452 stocks finished higher while 1,336 declined for the day. 

Closing Bell | 45 Nifty stocks finish stronger; Divi's, Eicher, Hero MotoCorp, Axis Bank, L&T top blue-chip gainers

As many as 45 stocks in the 50-scrip blue-chip basket finish the day higher, with Divi's, Eicher Motors, Hero MotoCorp, Axis Bank, Larsen & Toubro, Tata Steel, Bajaj Finance, PowerGrid, Asian Paints and Hindalco, rising between 1.7 per cent and 5. per cent, being the top gainers. On the other hand, SBI, HUL, Cipla, Tata Motors and Titan, declining between 0.1 per cent and 0.7 per cent for the day, are the top laggards.

Closing Bell | Sensex, Nifty end stronger for third day in a row

Both headline indices finish the day with gains to the tune of around one per cent each. The Sensex adds 594.9 pts for the day to end at 64,958.7, and the Nifty settles with a gain of 183.1 pts at 19,413.7.

Here's how the indices moved through the day: 

Nifty50 

Sensex

Images: BSEIndia.com, NSEIndia.com

Share Market Today LIVE | Sensex surges nearly 600 pts, Nifty trades above 19,400

Share Market Today LIVE | MCX, DLF, Zomato, other stocks hit 52-week highs

As many as 32 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | Sensex surges over 500 pts, Nifty near 19,400; all sectors gain

Nifty 50

Source: NSE

Sensex

Source: BSE

Share Market Today LIVE | Protean eGov Technologies IPO gets subcribed 0.6 times so far on Day 1

On Monday (Day 1), Protean eGov Technologies IPO's share sale has received bids for 26,32,428 crore shares against 43,78,700 shares on offer. Overall, the public issue was subscribed 60 per cent until the time of filing this report. Read more on Protean eGov Technologies IPO

Share Market Today LIVE | JK Cement shares jump 6% after Q2 results beat analysts' estimate; should you buy, sell or hold? 

Shares of JK Cement, one of the leading manufacturers of grey cement in India, trades 8.52 per cent higher at Rs 3,398.5 on NSE after the company posted its July to September quarter (Q2 FY24) results, which were better than estimates.

Anil Singhvi's view 

Zee Business Managing Editor Anil Singhvi has recommended buying shares of JK Cement on the back of strong margins and operational performance. He has given various targets of Rs 3,190, Rs 3,225, and Rs 3,240 apiece, with a stop loss of Rs 3,100 apiece. 

Brokerage view

Jefferies has maintained a 'hold' on JK Cement shares with a target of Rs 3,310 apiece. Read more 

Share Market Today LIVE | Nykaa shares gain nearly 5% 

Shares of FSN E-Commerce Ventures, operating fashion-to-jewellery e-retailer Nykaa, trade higher by nearly 5 per cent at Rs 146.95. The company is scheduled to release its September quarter numbers later today. Read more 

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 19,225-192,75 levels and a strong buy zone at 19,125-19,175 levels on Monday, November 6. For the Nifty Bank, he expects support at 43,225-43,325 levels and a strong buy zone at 43,025-43,150 levels.

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

Share Market Today LIVE | PB Fintech shares gain over 4% as Q2 loss narrows to Rs 21 crore

Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, gain as much as 4.55 per cent to the day’s high of Rs 583 on BSE. The stock witnessed sharp gains after the net loss at the firm for the September quarter came in sharply lower on a year-on-year (YoY) basis to Rs 21 crore. The figure was Rs 187 crore in the corresponding quarter of the previous fiscal. Read more 

ESAF Small Finance Bank IPO | Should you apply? Here' what Anil Singhvi suggests

So far on Monday (Day 2), ESAF Small Finance Bank's share sale have received bids for 22,88,04,250 crore shares against 5,77,28,408 shares on offer, an overall subscription of 3.96 times.  Anil Singhvi suggests subscribing to the issue for a good listing gain and for the long term. He points out the following key points about the company: 

Positive:

• Valuations attractive on the book value and RoE fronts
• Strong background of promoters 

Negative:

• Mostly present in southern parts of the country. Read more 

Share Market Today LIVE | Data Patterns posts strong Q2 results; stock rises over 5%

Data Patterns (India) shares jump as much as 5.4 per cent to touch the day's high of Rs 2,030.75 apiece. The buying interest in the stock is being witnessed after the aerospace and defence solution provider posted its July to September (Q2FY24) quarter numbers. Read more 

Share Market Today LIVE | IndiGo shares jump after airline reports surprise Q2 profit; should you buy, sell or hold the stock?

InterGlobe Aviation shares are in high demand on Monday after the company, which owns and operates the IndiGo airline, staged a strong quarterly financial performance amid steady demand for air travel. IndiGo shares gain by as much as Rs 71, or 2.8 per cent, to Rs 2,579.4 apiece in morning deals on BSE. After market hours on Friday, InterGlobe Aviation reported a surprise net profit of Rs 189 crore for the July-September period, though it was down 93.8 per cent on a quarter-on-quarter basis. That marked the company's fourth profitable quarter in a row. Read more 

Share Market Today LIVE | Cello World shares list at 28% premium over issue price; here is what investors may do

Consumer products company Cello World's shares makes a strong debut on Dalal Street on Monday, November 6. The stock of Mumbai-based Cello World, a manufacturer of consumer-ware products in categories such as glassware, opalware, melamine and porcelain, opens at Rs 831 apiece on BSE, a premium of Rs 183 or 28.2 over the upper end of the issue price range of Rs 617-648 apiece. 

EDITOR'S TAKE | Investors may hold Cello World shares with a stop loss at Rs 775 

Zee Business Managing Editor Anil Singhvi, who earlier advised subscribing to the issue for small listing gains and for the long term, suggests investors hold on to their positions with a stop loss at Rs 775. He expected the Cello World stock to list in the Rs 825-850 range, a premium of up to 31.2 per cent. Read more 

Share Market Today LIVE | How Titan shares are faring after CLSA upgrades its rating to 'buy' post Q2 results

After CLSA upgrades Titan's rating to 'buy' post second-quarter results, shares of the Tata Group company edge higher .The stock trades flat 0.17 per cent higher at Rs 3,280.2 on NSE.  Brokerage CLSA has upgraded Titan to 'buy' from 'outperform'. The brokerage has raised Titan's share price target to Rs 3,948 from Rs 3,948. Read more 

Share Market Today LIVE | SBI shares flat post better-than-expected Q2 show; Jefferies most bullish

Shares of State Bank of India trade 0.45 per cent lower at Rs 575.55 post reporting its better-than-expected Q2 earnings report last Friday. 

Brokerages’ view on SBI post Q2 performance

All in all, global brokerages have retained their previous rating on the counter with Goldman Sachs revising the target price lower and Jefferies increasing it further. Here’s listed the global brokerages’ take on the stock post the lender's better-than-expected Q2 show.Read more 

Share Market Today LIVE | Zomato shares clock 52-week high after 2nd profitable quarter; CLSA sees 56% upside

Zomato shares rally over 4.5 per cent to clock a fresh 52-week high of Rs 121.9 apiece in the early trade on the NSE on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from 'buy' rating as it continued to be profitable for the second straight quarter, driven by strong revenue growth. The stock's previous 52-week high level was Rs 119.9 clocked in Friday's session.

The company impressed D-Street with its Q2 earnings, which were released on Friday, November 3. It reported Rs 36 crore as net profit during the July–September quarter, as against Rs 251 crore loss incurred in the same quarter last year.

Zomato shares trade 3.39 per cent higher at Rs 120.45, continuing the winning streak for the third session. In addition, a block deal of Rs 1.38 crore exchanged hands in Zomato, as per the Zee Business report.

CLSA has raised the target to Rs 168 from Rs 120, translating to an upside of over 56 per cent from Friday's close. "Zomato reported sales and PAT of -1 per cent and/+8 per cent versus Bloomberg consensus, with 20 per cent YoY gross order value (GOV) growth in food delivery and 86 per cent in quick commerce," the brokerage's note added. Read more 

Image source: Reuters

Share Market Today LIVE | Nifty above 19,300, Sensex rises nearly 300 pts; all sectors gain

Nifty 50

Nifty trades above 19,300, up 0.49 per cent in opening deals.

Source: NSE

Sensex

Sensex rises nearly 300 points, up 0.47 per cent in opening deals.

Source: BSE

Currency Update | Rupee rises 4 paise to 83.16 against US dollar in early trade

Dividend Stocks | Colgate Palmolive, IRB Infra, Shriram Finance, Mindspace Business, MPS to trade ex-date today

A total of five stocks—Colgate Palmolive, Mindspace Business, Shriram Finance, IRB Infrastructure and MPS—will trade ex-dividend on Monday, November 6, according to the NSE website. 

Colgate dividend 2023 record date, Colgate dividend payment date 2023

Colgate Palmolive (India) has announced a dividend of Rs 22 per equity share with a face value of Re 1, i.e., a 2,200 per cent payout to its shareholders. The FMCG major has fixed November 6 as the record date. The said interim dividend will be paid
on and from November 21. 

IRB Infra dividend record date 2023, IRB Infra dividend payment date

IRB Infrastructure has announced an interim dividend of Rs 0.1 per equity share with a face value of Re 1, i.e., a 10 per cent payout. The record date is also November 6. "The Interim dividend shall be paid within stipulated timelines as prescribed under law," the company in its regulatory filing said. Read more

Stocks to Watch | SBI, Nykaa, Bajaj Electricals, Divi’s Laboratories among stocks to track today

ZeeBiz takes you to the list of stocks that will be on focus today, November 6.

Results today, November 6: AIA Engineering, Hitachi Energy, Adani Energy, Bajaj Electricals. Bharat Forge, Bikaji Foods, Borosil Renewables, Barbeque Nation, Zydus Wellness, Dalmia Sugar, Divi’s Laboratories and Nykaa among others will announce their results for the second quarter (Q2FY24) today.

SBI: SBI on Saturday announced its Q2 results with PAT coming in at Rs 16,100 crore as against 14,752 crore in the same quarter a year ago.

Shipping Corporation of India: The shipping company on Friday for the Q2 period reported PAT at Rs 66 crore versus Rs 114 crore in the year-ago period.

Procter and Gamble Hygiene and Health: The personal products company’s shares will be in focus post its second quarterly performance.

Affle India: The marketing consulting services firm posted PAT at Rs 67 crore for the Q2 period versus Rs 59 crore in the same period last year. Read more 

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

GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 158.5 points or 0.82 per cent at 19,454.5 ahead of the opening bell on Dalal Street.

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!