Share Market HIGHLIGHTS: Sensex settles 330 pts higher, Nifty ends at 19,141; BPCL, ONGC among top blue-chip gainers, rise up to 3%

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Nifty could stay in 19,229-19,041 band for near term: HDFC Securities' Deepak Jasani

"Asia-Pacific markets started the week mixed ahead of key economic data like monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong... European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates. Israel's push into Gaza stirred fears of a wider conflict," says Deepak Jasani of HDFC Securities. 

The Nifty could now inch upwards but needs a volume boost to sustain the rise, he adds. 

Nifty's short-term trend continues to be positive with rangebound action: HDFC Securities' Nagaraj Shetti

Nagaraj Shetti of HDFC Securities believes the bounce in the Nifty is expected to continue for the short term. "The immediate hurdles to be watched out for are around 19,250 and 19,450 levels in the near term. Immediate support is at 19,050," he says. 

Share Market HIGHLIGHTS | Sensex settles 330 pts higher, Nifty ends at 19,141

Nifty 50

Nifty ends at 19,141, up 0.49 per cent.

Source: NSE

Sensex

Sensex settles 330 points higher, up 0.52 per cent. 

Source: BSE

Share Market HIGHLIGHTS | BPCL, ONGC rise most in 50-scrip blue-chip basket

BPCL, UltraTech Cement, ONGC and RIL are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, UPL, Tata Motors, Maruti Suzuki and Axis Bank are among the top losers, down nearly 4-1 per cent.

Source: NSE

Share Market Today LIVE | Buy 5paisa Capital, Delhivery shares, says Vikas Sethi

Vikas Sethi of Sethi Finmart is positive on 5paisa Capital shares, citing the company’s growth prospects given its robust client base. He has placed his target for the stock at Rs 465 with a stop loss at Rs 430. Sethi also likes Delhivery, a stock he recommends buying for a target of Rs 440 with a stop loss at Rs 410.

Nifty Today LIVE | RIL, HDFC Bank, ICICI Bank among top movers in Nifty 50

RIL, HDFC Bank, ICICI Bank and L&T are the top movers in the Nifty baskets at this hour. On the contrary, Axis Bank, ITC, Infy and Tata Motors are among the top drags.

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

Source: NSE

Share Market Today LIVE | Why Siddharth Sedani is bullish on NBCC  

Siddharth Sedani of Anand Rathi Shares & Stock Brokers recommends buying NBCC shares for a short-term target of Rs 70 and a positional target of Rs 88. He is positive on the real estate company owing to its: 

• Strong order book
• Management expects revenue to improve significantly in H2

Share Market Today LIVE | Buy BHEL shares, says Sumeet Bagadia

Sumeet Bagadia of Choice Broking expects a strong move up ahead in BHEL, a stock that offers a favourable risk reward on the buy side at the current juncture. 

He recommends buying BHEL shares at the current levels for the levels of Rs 124 and Rs 127 expected this week with a stop loss at Rs 117.

Share Market Today LIVE | Buy GNFC, Federal Bank shares, says Nirav Harish Chheda

Nirav Harish Chheda of Nirmal Bang Securities shares two trading calls with Zee Business viewers: 

• Buy GNFC shares for targets of Rs 725-730 with a stop loss at Rs 678-680
• Buy Federal Bank shares for a target of Rs 155 with a stop loss at Rs 135 

Share Market Today LIVE | Navin Fluorine, UPL, other stocks hit 52-week highs

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

Share Market Today LIVE | Nifty Auto trades over 150 pts lower

Source: NSE

Share Market Today LIVE | Nifty Bank edges higher

Source: NSE

Stocks to Buy | L&T, Axis Bank, ONGC, Power Grid among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Sumeet Bagadia, Sandeep Jain and Mehul Kothari share their top stock recommendations in this special segment, Pick of the Week. On the analysts' 'buy' list are stocks such as Can Fin Homes, Larsen & Toubro (L&T), Colgate-Palmolive (India), Gabriel India, Power Grid Corporation, ONGC, Axis Bank and GAIL. Read more 

Share Market Today LIVE | Maruti Suzuki India slips despite strong Q2 nos; here is what brokerages suggest

Maruti Suzuki India (MSIL) stock gives up initial gains to slip as much as over 2 per cent on the NSE. India's leading car manufacturer reported its earnings for the quarter ended September 30, 2023, on Friday, October 27, during market hours, beating analysts' estimates by a big margin.

Maruti Suzuki India share price target: Here's what brokerages make of Maruti Suzuki India's Q2 earnings announcement

Morgan Stanley has maintained an overweight rating on Maruti Suzuki India. The global brokerage has raised the target to Rs 12,304 from Rs 11,963, translating an upside of over 16 per cent from the counter's previous close.

It said that upgrades to consensus earnings, rising market share, and gradual first-time buyer recovery keep the brokerage overweight on the stock. In addition, Citi has maintained a buy stance on the counter. The brokerage has raised the target to Rs 14,500 from Rs 13,600, which means an upside of over 37 per cent from the previous close.

"Strong beat driven by positive mix and lower cost pressures; increase EBIT estimated by 4–13 per cent over FY24–26E to reflect higher ASPs and margins, the global brokerage added in its note. Read more 

Share Market Today LIVE | BPCL gains over 2% after OMC returns to profitability in Q2; Jefferies maintains underperform

Shares of BPCL trades with gains of 2.07 per cent at Rs 341.9 after the oil marketing company (OMC) returned to profitability in the September quarter of the current fiscal year (Q2FY24).

BPCL Q2 results: What brokerages say

Global brokerage Jefferies has maintained its underperform call on the counter and has marginally slashed the target price from the earlier Rs 310 to Rs 300. Read more 

Share Market Today LIVE |  M&M Financial shares tank after NBFC's NIM shrinks to a 9-quarter low in Q2

Mahindra and Mahindra Financial Services Limited (M&MFIN) shares plunge after the non-banking financial company (NBFC) reported a weak set of financial results for the July-September period. The stock of M&M Financial Services slumps as much as 14.4 per cent to Rs 237.4 apiece on NSE. Read more 

M&M Financial share price target: Here's what the brokerages make of the NBFC’s Q2 earnings: 

Share Market Today LIVE | Cello World IPO opens; here is everything you need to know about the issue

The initial public offering (IPO) of Cello World, a household products and stationery manufacturer, opens for subscription today, October 30. The IPO will remain open for subscription from 10 a.m. today to 5 p.m. on Wednesday, November 1.

Cello World IPO review: Here's what Anil Singhvi's recommends

Zee Business Managing Editor Anil Singhvi has recommended applying for small listing gains and staying invested for the long term. According to him, Cello is a strong brand with experienced promoters.Further, it has a strong growth outlook and financial track record. Positives also include no litigation against the company or promoters.

Conversely, while listing the negatives, the market expert said that it has competition from unorganised players. As regards valuations, Singhvi said they are reasonable. 

Here are some of the key details about the Cello World IPO:

Cello World IPO: Price band

The price band of the issue is set in the range of Rs 617 to Rs 648, wherein Rs 617 is the lower band and Rs 648 per share is the upper band. Read more 

Image: Official website/ Representtaional image

Share Market Today LIVE | NTPC stages a mixed Q2 show; should you buy on dips?

State-run NTPC's stock inches lower on Monday after the power generation firm reported a mixed set of financial results for the July-September period. NTPC shares decline by as much as Re 1, or 0.4 per cent, to Rs 235.6 apiece in early deals on BSE. 

What analysts say about NTPC after the PSU power company's Q2 earnings announcement

CLSA maintained a 'buy' call on NTPC with a price target of Rs 240 for the stock, suggesting a 1.5 per cent upside from the previous close. The brokerage pointed out that the power generation firm's quarterly performance was impacted by plant overhauls and a lower treasury though its cashflow increased by 2.1 times. 

CLSA expects NTPC to expand its regulated equity by 22 per cent, which it sees driving the company's return on equity (RoE) by 180 basis points over the period between 2023 and 2025. Read more 

Share Market Today LIVE | Sensex down nearly 150 pts, Nifty above 19k

Nifty 50

Nifty trades above 19k, down 0.23 per cent in opening deals. 

Source: NSE

Sensex

Sensex trades nearly 150 points lower at 63,635 in opening deals. 

Source: BSE

Dividend Stocks | Hindustan Unilever, Nestle India, Tech Mahindra, Asian Paints, Coforge, other shares to trade ex-date this week

A total of 18 stocks will trade ex-dividend this week, according to the NSE website. The list includes Hindustan Unilever, Nestle India, Tech Mahindra, Asian Paints, Coforge and other stocks.

Ex-date on October 30, 2023

Ramkrishna Forgings dividend

Ramkrishna Forgings has announced an interim dividend of Re 1 per equity share with a face value of Rs 2. The record date is October 30.

Happiest Minds dividend record date 2023

Happiest Minds has announced a dividend of Rs 2.5 per equity share with a face value of Rs 2. The record date is October 30.

Ex-date on October 31, 2023

Sasken Technologies dividend

Sasken Technologies has announced a dividend of Rs 12 per equity share with a face value of Rs 10. Ocober 31 has been fixed as the record date. 

Styrenix Performance Materials dividend

Styrenix Performance Materials has announced a dividend of Rs 22 per equity share with a face value of Rs 10. Ocober 31 has been fixed as the record date.

Balkrishna Industries dividend

Balkrishna Industries has announced a dividend of Rs 4 per equity share with a face value of Rs 2. Ocober 31 has been fixed as the record date.

Elecon Engineering Company dividend

Elecon Engineering Company has announced a dividend of Re 1 per equity share with a face value of Rs 2. Ocober 31 has been fixed as the record date.

TIPS Industries dividend

TIPS Industries has announced a dividend of Rs 2 per equity share with a face value of Rs 1. Ocober 31 has been fixed as the record date.

Ex-date on November 1, 2023

Nestle India dividend 2023 record date, Nestle India dividend payment date 2023

Nestle India has announced a dividend of Rs 140 per equity share with a face value of Rs 10. The board of the company has fixed November 1 as the record date. Read more 

Currency Update | Rupee falls 1 paisa to 83.26 against US dollar in early trade

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 buy zone at 18,850-18,925 levels on Monday, October 30. For the Nifty Bank, he expects support at 42,300-42,500 levels and a strong buy zone at 42,000-42,100 levels.

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

Stocks to Watch | BPCL, SBI Life, KPIT Technologies among top stocks to track today

Zee Business will take you to the list of stocks that will be in focus on Monday:

Corporate Results today (October 30): APL Apollo Tubes, Adani Green Energy, Andhra Paper, Blue Star, DLF, Craftsman Automation, Castrol, Fine Organics, GMR Airports, KPIT Technologies and KPIT Technologies among others.

BPCL: Shares of the state-run OMC will be on radar after it returned to profitability in the Q2 period of FY24.

SBI Life: Shares of SBI Life will be in focus after its quarterly numbers were posted on Friday. Net profit at the company grew by 1 per cent YoY to Rs 380.2 crore for the July-September period.

NTPC: Shares of the utility company posted mixed Q2 performance with profit edging higher by 16.6 per cent YoY. 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 49 points or 0.26 per cent at 19,096 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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