Share Market HIGHLIGHTS: Sensex up 90 pts, Nifty crosses 22,350; Bharti Airtel, Grasim jump 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to rise for a third straight session on Tuesday tracking positive moves across global peers. Catch all the highlights of the April 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished higher for the third session in a row on Tuesday tracking positive moves across global peers.
Catch all the highlights of the April 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Sensex ends 90 pts higher, Nifty at 22,368; Bharti Airtel, Grasim top blue-chip gainers, up 4%
Share Market Today LIVE | Vodafone Idea rises nearly 14.50% after Board approves anchor investor offer price
Vodafone Idea jumped nearly 12 per cent on BSE on Tuesday (April 23, 2024) in the first trading session after its follow on public offer (FPO) closed and the board approved the offer price.
The stock that opened at Rs 12.99 on Tuesday rose to the day's high of Rs 14.75, a 14.75 per cent jump from the previous close.
Share Market Today LIVE | 65% return in 6 months: This PSU stock gets target of Rs 254 - Check details
Shares of GAIL opened in green on Tuesday as equity benchmark indices started the day higher on global cues. The NSE Nifty 50 opened up by 110.65 points or 0.50 per cent at 22,447.05, while the BSE Sensex jumped 400.48 points or 0.54 per cent to 74,048.94 in the opening trade.
The shares of Maharatna PSU opened at Rs 201.25 and went on to touch the day's high of Rs 202.50 on the BSE. The counter had closed at Rs 198.80 in the last trading session. Last seen, it was trading at Rs 200.50.
Share Market Today LIVE | Precious metals trade nearly 1% lower on MCX due to rising tensions in Middle East
Domestic precious metal futures on Tuesday slipped as subsiding geopolitical risks in the Middle East crimpled safe-haven demand, and investors monitoring signalled the Federal Reserve won’t soon cut rates.
Last seen, MCX gold futures (Jun 5) declined Rs 702 or 0.99 per cent at Rs 70,495 per 10 grams at the last count. Meanwhile, MCX Silver futures (May 3) fell 0.92 per cent or Rs 743 at Rs 79,836 per kg.
Share Market Today LIVE | JNK India IPO review: Should you apply or not? Here is what Anil Singhvi recommends
The initial public offering (IPO) of heating equipment maker JNK India opened for public subscription today, April 23. The issue, with a price band of Rs 395-415 apiece, will conclude on Thursday, April 25.
At the upper end of the price band, the IPO price has been pegged at Rs 650 crore.
Share Market Today LIVE | Indus Towers soars to 52-week high after CLSA upgrades it amid Vodafone Idea FPO backdrop
Indus Towers rose to the 52-week high of Rs 364.50 on BSE on Tuesday (April 23, 2024) after brokerage CLSA upgraded the company to 'buy' and raised its share target price. The development came after Vodafone Idea's follow-on public offer (FPO) closed on Monday, April 22.
CLSA wrote that Indus Towers should be the key beneficiary of Vodafone Idea's Rs 18,000 crore FPO.
Share Market Today LIVE | Axis Bank Q4 FY24 Results Preview: Net profit likely at Rs 6,250 crore, NIM may shrink by 11 bps sequentially
Axis Bank, the country's third largest private sector lender, is all set to report its financial results for the January-March period on Wednesday, April 24.
Analysts expect the bank to stage a decent financial performance for the final three months of the last fiscal year with growth across segments and double-digit expansion in loans as well as deposits.
Share Market Today LIVE | Indian Hotels Company Q4 Results Preview: Profit likely to jump by one-third, margin may improve by 260 bps
Indian Hotels Company (IHC), a Tata group hospitality company whose popular brands include Taj, Vivanta and Ginger, is all set to report its financial results for the quarter and the year ended March 31, 2024, on Wednesday, April 24.
Analysts expect the hotels giant to stage a strong financial performance for the three-month period on the back of steadily growing demand in the space.
Share Market Today LIVE: Hold Jupiter Wagons shares, says Nilesh Jain
Nilesh Jain of Centrum Broking suggests holding Jupiter Wagons Ltd (JWL) Shares for targets of Rs 420 and Rs 425 with a stop loss at Rs 375.
Share Market Today LIVE | Hatsun Agro Product reports 2x growth in net profit YoY; stock zooms over 12%
Shares of Hatsun Agro Product known for its brands like Arun Icecreams, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, and Hatsun Dairy Whitener, gained over 12 per cent in Tuesday's trade on BSE after the company reported good Q4 numbers.
At around 10:04 a.m., shares of Hatsun Agro Product traded 12.04 per cent or Rs 123.3, higher at Rs 1147 apiece. The market capitalisation of the company at around the same time stood at Rs 25,549.23 crore.
Share Market Today LIVE: Bharti Airtel, ITC, SBI, HCLTech, Infosys top contributors to Sensex's rise
Image: BSEIndia.com
Share Market Today LIVE: Bharti Airtel, HCLTech, Tata Motors, HUL, SBI rise most among 21 Sensex gainers; Sun Pharma, Mahindra & Mahindra, Reliance top losers
Image: BSEIndia.com
Share Market Today LIVE | Inox Wind soars nearly 9% as firm is set to discuss bonus equity share issuance in Board meeting
Inox Wind soared by nearly nine per cent on BSE on Tuesday (April 23, 2024) after the renewable energy company announced that its Board would consider and approve the proposal for issuance of bonus equity shares in a meeting on April 25.
Starting its journey at Rs 640.00 on Tuesday, the stock of Inox Wind raced to the day's high of Rs 645.75, a 8.93 per cent rise from its previous close of Rs 592.80.
Share Market Today LIVE | M&M Finance slips as company defers Q4 results on fraud detection; charts show major hurdle around Rs 300–Rs 315 levels
Shares of Mahindra & Mahindra Financial Services (M&M Finance), the finance arm of the Mahindra Group, slumped as much as 7.88 per cent in the opening deals on Tuesday, April 23, after the company informed exchanges of fraud in one of its branches.
Given the development, the company, which was scheduled to announce its March quarter (Q4 FY24) numbers today (April 23), has deferred the same to a later date.
Share Market Today LIVE | Mamaearth parent Honasa Consumer shares climb as Jefferies sees 46% potential upside
Shares of Mamaearth parent company Honasa Consumer rallied for the second consecutive session in trade on April 23 as global brokerage Jefferies maintained 'buy' on the stock with a target of Rs 590, a strong potential upside of 46 per cent.
At the day's high, the stock after climbing 4 per cent hit levels of Rs 420.35 per share on the BSE.
Share Market Today LIVE | Tata Consumer Products, M&M Finance and MCX among top stocks that may remain in focus today
At 8:29 am, Gift Nifty futures traded higher by 0.16 per cent or 36.8 points at 22,395, indicating positive opening for the markets in Tuesday's session. Domestic equities settled in the green on Monday, April 22, as geopolitical tensions eased.
The NSE Nifty 50 rose 0.86 per cent to close at 22,336.40, while the S&P BSE Sensex, ended 0.77 per cent higher at 73,648.62.
PSU banks to continue to see buying interest, says Gautam Duggad
In an interaction with Zee Business Managing Editor Anil Singhvi, Gautam Duggad of MOFSL suggests buying SBI and Bank of Baroda shares. He is also bullish on NBFC and realty shares at the moment.
Stocks to buy: ICICI Bank, HCL Tech, Indus Towers, IDFC First Bank, among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi, Sudeep Shah 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 ICICI Bank, HCL Technologies, Indus Towers, IDFC First Bank, LIC Housing Finance and Escorts Kubota.
Currency Update | Rupee rises 6 paise to 83.30 against US dollar
Share Market Today LIVE | Nifty above 22,400, Sensex up nearly 300 pts in opening deals
Nifty 50
Source: NSE
Sensex
Source: BSE
Stocks to Watch | Tata Consumer Products, M&M Finance and MCX among top stocks that may remain in focus today
Here is a look at the top stocks that may remain in focus today:
Earnings today: A host of companies, such as Tata Consumer Products (TCPL), Tata Elxsi, MCX, Nelco, and Cyient DLM, are slated to release their March quarter earnings today.
Vodafone Idea: The company's Rs 18,000 crore FPO received a good response from investors as the issue was subscribed 7 times.
Indus Towers: CLSA has upgraded the stock to 'Buy' and the target has been raised to Rs 450 from Rs 335 earlier.
FMCG stocks: The food regulator has initiated sample collection and testing of companies engaged in making baby food. The products shall be tested for additional sugar as well as salt content.
Tejas Networks: The company has turned profitable during the March quarter with profitabilty reported at Rs147 crore as against loss of Rs 11 crore. EBITA profit at the company has been at Rs 307 crore as against loss of Rs 9 crore. Read more
Traders' Diary | Buy, sell or hold strategy on M&M, Bajaj Finance, Power Grid, Indus Towers, 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, April 23, 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 Hatsun Agro shares in the cash segment for a target price of Rs 1,055 with a stop loss at Rs 1,010
- Buy Axis Bank futures for a target of Rs 1,085 with a stop loss at Rs 1,040
- Buy the Rs 740 call option of SBI Cards at Rs 9 for a target of Rs 18 with a stop loss at Rs 5
- Technical pick: Sell M&M Finance futures for a target price of Rs 265 with a stop loss at Rs 283
- Fundamental pick: Buy Power Grid Corporation shares for a one-year target of Rs 2,500
- Investment idea: Buy Mahindra & Mahindra (M&M) shares for a one-year target of Rs 2,500. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,150-22,200 levels and a strong buy zone at 22,000-22,075 levels for the headline Nifty50 index on Tuesday, April 23. For the Nifty Bank, he expects initial support to come in at 47,575-47,675 levels followed by a strong buy zone at 47,325-47,500 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
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 29.3 points or 0.13 per cent at 22,387.5 ahead of the opening bell on Dalal Street.
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