Share Market HIGHLIGHTS: Sensex ends 188.5 pts lower, Nifty slides to 22,605 dragged by financial, IT stocks
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex gave up initial gains in yet another volatile session on Dalal Street on Tuesday, April 30. Catch all the highlights of the session, 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 gave up their intraday gains in yet another volatile session on Dalal Street on Tuesday, April 30.
Catch all the highlights of the session, 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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Forex Market Update: Rupee inches higher to end at 83.43 vs dollar
The rupee inches higher by two paise to settle at a provisional 83.43 against the greenback.
Share Market Today: Sensex ends 188.5 pts lower, Nifty slides to 22,605 dragged by financial, IT stocks
Share Market Today LIVE | Cholamandalam Investment announces dividend
Cholamandalam Investments board announces a dividend of Re 0.75 per equity share for its shareholders along with its Q4 results.
Share Market Today LIVE | IOC dividend 2024: Indian Oil announces Rs 7/share payout—check out record date, payment date
Indian Oil Corporation (IOCL), the state-owned oil marketing company (OMC) on Tuesday, April 30 announced a Rs 7 per equity share dividend along with its fourth quarter (Q4 FY24) numbers.
The dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.
Share Market Today LIVE | Indian Oil Q4 Results: Net profit drops 40% sequentially, misses analysts' estimates; PSU declares dividend
State-run Indian Oil Corporation on Tuesday reported a standalone net profit of Rs 4,837.7 crore for the March quarter, down 40 per cent compared with the previous three months.
The net profit for the fourth and final quarter of the last financial year fell short of analysts' expectations.
Share Market Today LIVE: Sensex up 391.95 pts at 75,056.21, Nifty at 22,701.85 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex up 177.87 pts at 74,849.15
- Nifty up 54.75 pts at 22,679.65
- Nifty Bank up 241.65 pts at 49,665.70
Share Market Today LIVE: Indian Oil Corp reports Q4 results; shares sink into the red, down 4%
The IOC stock is down by Rs 7.1, or 4.0 per cent, at Rs 169.7 apiece on BSE at this hour, having risen to as high as Rs 180 apiece earlier in the day.
Share Market Today LIVE | Buy Ion Exchange shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Ion Exchange shares for a target of Rs 590 with a stop loss at Rs 555.
Share Market Today LIVE | Buy Man Infra shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Man InfraConstruction shares for a target of Rs 230 with a stop loss at Rs 205.
Share Market Today LIVE | Nifty Bank up over 500 pts
Share Market Today LIVE | Nifty scales fresh peak of 22,779.75
Share Market Today LIVE | This software integration player climbs 8% in 2 sessions; co. guides for strong FY25 revenue guidance
KPIT Technologies shares since the announcement of Q4 results in the previous day’s trade have galloped a sharp 8 per cent to day’s high of Rs 1532.2 per share on the BSE.
The independent software integration player offering services to global auto giants announced a 6 per cent sequential increase in PAT to Rs164.4 crore as against Rs 155.3 crore announced in the previous December ended quarter.
Share Market Today LIVE | Strong Debut! JNK India shares off to flying start; surge after listing at premium of 50%
Shares of heating equipment maker JNK India made a strong debut on bourses on Tuesday and listed with a premium of nearly 50 per cent over the issue price of Rs 415.
The stock listed at Rs 620, up 49.39 per cent from the issue price on the BSE. On the NSE, it started the trade at Rs 621, rallying 49.63 per cent.
Share Market Today LIVE | Global gold demand remains robust in Q1 2024; investment demand in India, China grows amid surge in price: WGC report
The love for gold remained strong around the globe during the quarter gone by, according to the latest report by the World Gold Council.
The report 'Gold Demand Trends' showed that total global gold demand (inclusive of OTC purchases) was up 3 per cent year-on-year (YoY) to 1,238 tonne, marking the strongest first quarter since 2016. OTC stands for over-the-counter.
Share Market Today LIVE: Buy 49,500 Nifty Bank put option, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying the 49,500 put option of Nifty Bank at Rs 60 for targets of Rs 120 and Rs 180.
Share Market Today LIVE | Anil Singhvi strategy April 30: Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,550-22,625 levels and a strong buy zone at 22,425-22,500 levels for the headline Nifty50 index on Tuesday, April 30.
For the Nifty Bank, he expects support to come in at 48,900-49,050 levels and a strong buy zone at 48,500-48,675 levels.
Share Market Today LIVE | Precious metal trade lower; yellow metal below Rs 71,350; white metal below Rs 80,350
Domestic precious metal futures on Tuesday traded under pressure ahead of the Federal Open Market Committee decision on Wednesday.
Last seen, MCX gold futures (Jun 5) slipped 0.37 per cent or Rs 267 at Rs 71,335 per 10 grams at the last count. Meanwhile, MCX Silver futures (May 3) were down 0.63 per cent or Rs 511 at Rs 80,341 per kg.
Share Market Today LIVE | This Tata Group company stock gains over 6% as its Q4 profit jumps multi-fold
Shares of Tata Group's retail arm company-Trent started the session on a positive note and cliched a new all-time high of Rs 4628.85 after posting stellar Q4 results just ahead of the close of the markets in the previous day's trade.
After notching an all-time high in the previous day, shares of the company ended over 1 per cent higher at Rs 4351.45 per share.
Share Market Today LIVE | Tata Chemicals shares slip 5% after firm posts Rs 818 crore net loss in Q4
Shares of Tata Chemicals slipped nearly five per cent on Tuesday, April 30 after the Tata Group's commodity chemicals company reported a net loss of Rs 818 crore in the fourth quarter ended March 31, 2024, on lower income and provision of loss on account of exceptional items of Rs 963 crore in the UK business.
Tata Chemicals had posted a net profit of Rs 694 crore in the year-ago period.
Share Market Today LIVE | NMDC shares up 2% as company raises iron ore prices by 4–7%; stock has jumped 132% in 1 year
Shares of NMDC Limited, the public sector undertaking (PSU) involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and coal, were in focus on Tuesday, April 30, as the company last evening announced that it has increased the prices of iron ore by 4–7 per cent.
Share Market Today LIVE | SBFC Finance block deal: 5.6% equity change hands via multiple block deals; stock down over 3%
Shares of SBFC Finance slipped over 3 per cent in the morning deals on Tuesday (April 30).
The scrip touched the day's low at Rs 88.4 apiece. The stock fell after 5.6 per cent equity or 5.9 crore shares changed hands via multiple block deals.
Bank holidays in May 2024: Are banks closed tomorrow, May 1? Check out state-wise full list
Are banks closed on 1st May? According to the Reserve Bank of India's holiday calendar 2024, private and public sector banks will remain closed tomorrow, May 1 on the account of Maharashtra Din/May Day (Labour Day).
Share Market Today LIVE | Birlasoft shares slip over 2% after Q4 results; is it a buying opportunity?
Birlasoft shares lost over 2 per cent in Tuesday's (April 30) trade. The scrip touched the day's low at Rs 656 apiece on BSE.
The selling pressure in the stock came after the private sector lender reported Q4 results.
JNK India IPO Listing | Bumper Debut! Stock lists at 50% premium to IPO price - Check Anil Singhvi's View
JNK India shares list at Rs 620 on the BSE, a premium of 49.40 per cent to the issue price of Rs 415 while the shares list at Rs 621 on the NSE, a premium of 49.64 per cent to the issue price of Rs 415. Read more JNK India IPO
Stocks to Buy | Tata Power, Power Finance Corporation, JSPL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Avinash Gorakssakar, Kunal Saraogi, Arpit Beriwal 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 Tata Power, Power Finance Corporation (PFC), Jindal Steel and Power Ltd (JSPL), Federal Bank and PNB Housing Finance. Read more
Traders' Diary | Buy, sell or hold strategy on Hero MotoCorp, NMDC, RVNL, SBI, Concor, 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 30, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy Protean eGov Technologies shares in the cash segment for a target price of Rs 1,275 with a stop loss at Rs 1,200
- Sell Tata Chemicals futures for a target of Rs 1,055 with a stop loss at Rs 1,100
- Buy the Rs 255 call option of NMDC for a target of Rs 16 with a stop loss at Rs 10
- Technical pick: Buy Container Corporation (CONCOR) shares for a target price of Rs 1,090 with a stop loss at Rs 1,030
- Fundamental pick: Buy Rail Vikas Nigam Ltd (RVNL) shares for a target of Rs 300 with a stop loss at Rs 283. Read more
Market Outlook | Domestic markets could open mildly higher, says Deepak Jasani
"Indian markets could open mildly higher, in line with mostly higher Asian markets today and positive US markets on April 29, says Deepak Jasani, Head of Retail Research, HDFC Securities.
"Nifty was up 1 per cent or 223.5 points at 22643.4. Bank Nifty made a record high while Nifty is about 120 points short so far. Nifty formed a long bull candle on April 29 negating the previous bearish pattern of dark cloud cover formed on Friday. The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,726-22,775 band for the near term. Immediate support is at 22,447," he adds.
Stocks to Watch | Wipro, Birlasoft, Trent, other stocks
Here are some stocks that will be in focus on Tuesday, April 30:
Results on April 30: Cholamandalam Investment and Finance, Exide Industries, Indus Towers, Indian Oil Corporation, Havells India, REC, and IndiaMart Intermesh will announce their Q4 results.
Coromandel International: The company will set up its Rs 1,000 crore plus Phosphoric Acid & Sulphuric Acid Plants at Kakinada, Andhra Pradesh.
Trent: For the March quarter, the company reported a net profit of Rs 919.03 crore against Rs 63.77 crore in the year-ago period.
Wipro: The company announced the launch of its own Think Tank to help enterprise leaders and Wipro customers prepare for a future with emerging technologies.
Birlasoft:The IT company posted in-line result, with profit increasing 11.8 per cent. Nomura on Birlasoft maintained a buy call with the target slashed to Rs 860. Read more
Share Market Today LIVE | Nifty trades near 22,700, Sensex up nearly 150 pts in opening deals
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Nifty Bank crosses 49,500 for the first time ever
Share Market Today LIVE | Should you buy Trent, Can Fin Homes, Birlasoft, Kfin Technologies, other stocks today? Here is what brokerages recommend
As Dalal Street enters the April 30 session, brokerages have several stocks on their radar. Here's what Jefferies, Morgan Stanley and Nomura make of stocks such as Trent, Can Fin Homes, Birlasoft and Kfin Technologies:
Can Fin Homes
Jefferies has maintianed a 'buy' call on the Can Fin Homes stock with a target of Rs 935.
Morgan Stanley has maintianed an 'overweight' rating on Can Fin Homes shares with a target of Rs 1,000.
Birlasoft
Nomura has maintained a 'buy' call on the Birlasoft stock with a target of Rs 860. 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 22,550-22,625 levels and a strong buy zone at 22,425-22,500 levels for the headline Nifty50 index on Tuesday, April 30. For the Nifty Bank, he expects support to come in at 48,900-49,050 levels and a strong buy zone at 48,500-48,675 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 45.95 points or 0.2 per cent at 22,796.5 ahead of the opening bell on Dalal Street.
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