Share Market HIGHLIGHTS: Sensex ends 793 pts lower, Nifty sinks to 22,519; all sectors in the red; TCS inches higher
Share Market Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex suffered sharp losses amid selling pressure in financial stocks on Friday, April 12. Catch minute-by-minute updates of all the action 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 Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex suffered sharp losses on Friday, April 12, tracking negative moves across global markets following a worse-than-expected US inflation reading that dashed nascent hopes of an earlier-than-anticipated cut in benchmark interest rates. Financial services stocks were the worst hit, with the Nifty Bank shedding more than 400 points.
Investors awaited the Q4 financial results of Tata Consultancy Services (TCS), the country's largest IT services exporter, due post-market hours for domestic cues.
Catch minute-by-minute updates of all the action 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:
Latest Updates
Share Market Today: Sensex ends 793 pts lower, Nifty sinks to 22,519; all sectors in the red
Share Market Today LIVE | Buy JSW Infra Stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying JSW Infrastructure shares for a target of Rs 255 with a stop loss at Rs 235.
Share Market Today LIVE | Buy CIE Automotive Stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying CIE Automotive shares for a target of Rs 510 with a stop loss at Rs 470.
Share Market Today LIVE: Buy Castrol India stock at Rs 220, says Astha Jain
Astha Jain of Hem Securities suggests buying Castrol India shares around Rs 5 below their current market price for targets to the tune of Rs 245 and Rs 247 with a stop loss at Rs 200.
Share Market Today LIVE | Vodafone Idea's Rs 18K crore FPO: Capital infusion a welcome move, but is this enough? The jury is out
Vodafone Idea shares slipped as much as 3.35 per cent to Rs 12.51 apiece on the BSE in the opening deals on Friday, April 12, after the company informed exchanges that it has received approval to launch a Rs 18,000 crore follow-on public offer (FPO).
The shareholders can bid for the FPO between April 18 and 22. The roadshow for the FPO will begin on April 15.
Share Market Today LIVE: Hold Archean Chemical Industries shares, says Avani Bhatt
Avani Bhatt of JM Financial Services suggests holding the stock at its current levels of Rs 687 for a target of Rs 746.
Share Market Today LIVE | TCS shares trade flat ahead of Q4 result announcement; here is what to expect
The fourth quarter earnings season for India Inc (Q4 FY24) will officially kick off today (April 12) with the IT services behemoth Tata Consultancy Services (TCS) slated to announce its financial results for the quarter ended March 31 post-market hours.
Shares of the company were trading flat with a positive bias at Rs 3,998.20, up 0.39 per cent on the BSE at around 11:00 am.
Share Market Today LIVE: HDFC Bank, Sun Pharma, ICICI Bank, ITC, Maruti Suzuki top contributors to Sensex fall
Image: BSEIndia.com
Share Market Today LIVE | Zomato makes solid gains; clinches to new all-time high: Here’s what is boosting stock’s rally
Zomato shares in a subdued market extended their previous gains and marked their fresh all-time high in Friday’s trade (April 12, 2024) as the domestic brokerage JM Financial maintaining a bullish view on the counter yet again signalled a ‘buy’ with a higher target of Rs 260, suggesting potential gains to the tune of over 32 per cent.
In its report, JM Financial highlighted the meteoric rise of Blinkit which is seeing no slowdown
Share Market Today LIVE | Tata Motor's EV arm signs MoU with Shell India to establish charging stations across India; stock soars
Tata Motors shares gained over 1 per cent in Friday's (April 12) trade on BSE, a day after its subsidiary Tata Passenger Electric Mobility (TPEML) inked a memorandum of understanding (MoU) with Shell India Markets Private Limited to establish public charging stations across India.
At around 10:17 a.m., shares of Tata Motors traded 1.12 per cent, or Rs 11.35, higher on BSE at 1,024.5 apiece.
Share Market Today LIVE: Buy Nifty 22,550 put option at Rs 90
Nilesh Jain of Centrum Broking suggests buying the 22,550 put option of headline index at Rs 90 for targets of Rs 125 and Rs 145.
Share Market Today LIVE: Dalal Street at day's low; Sensex down 500 pts, Nifty cracks below 22,600
Nifty Bank sheds 300 pts
Here's how the banking index's components stand at this hour:
Stock CMP Change (%) BANDHANBNK 183.65 0.55 PNB 136.7 0.29 BANKBARODA 271.15 0.13 INDUSINDBK 1,554.75 0.12 AUBANK 635.2 0.12 IDFCFIRSTB 84.5 -0.24 AXISBANK 1,085.05 -0.25 SBIN 773.75 -0.68 KOTAKBANK 1,811.60 -0.79 ICICIBANK 1,100.05 -0.84 HDFCBANK 1,521.80 -0.95 FEDERALBNK 156.9 -1.32 Share Market Today LIVE | Metropolis Healthcare shares hit 52-week high—here is what's keeping investors keen
Shares of Metropolis Healthcare on Friday, April 12 clocked a fresh 52-week high on D-Street after the diagnostics firm's core business revenue grew approximately 1 per cent year-on-year (YoY) for Q4FY24 and the firm became debt-free as of March 31, 2024.
The Metropolis Healthcare stock rose as much as 7.5 to clock a 52-week high of Rs 1,935 on BSE in opening deals, surpassing the previous peak of Rs 1,828.70, hit on February 19, 2024.
Share Market Today LIVE | Sun Pharma's Dadra facility receives OAI inspection status from the USFDA; stock slips
Sun Pharma shares lost over 2 per cent in Friday's morning deals after the company's Dadra facility received Official Action Indicated (OAI) inspection status from the US Food and Drugs Administration (USFDA).
As of 9:44 a.m., shares of Sun Pharma traded over 1.82 per cent or Rs 29.2, lower at Rs 1,574.8 apiece on BSE.
Share Market Today LIVE | This BSE listed multibagger smallcap stock spikes to ATH for second day in a row in a subdued market
Shares of the BSE-listed Bondada Engineering in trade on April 12 marked their ATH of Rs 1180, a gain of over 3 per cent.
The gains in the stock are propelled and the stock has run-up to hit its ATH for the second consecutive trading session as the company informed about the incorporation of a new subsidiary.
Share Market Today LIVE | Phoenix Mills marks new ATH on improved Q4 business update and optimistic global brokerages
Shares of the real estate developer in early trade marked a fresh all-time high for the second consecutive day today (April 12, 2024) after the company’s Q4 business update released post-market hours on Wednesday and bullish calls by global brokerages.
At the day's high, the stock scaled levels of Rs 3125, up over 3 per cent over the previous day.
Traders' Diary: Buy, sell or hold strategy on BHEL, IOCL, HUL, Bajaj Auto, Sun Pharma, 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 Friday, April 12, 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:
Kushal Gupta
Buy Zaggle Prepaid Ocean Services shares in the cash segment for a target price of Rs 293 with a stop loss at Rs 280
Sell Laurus Labs futures for a target of Rs 445 with a stop loss at Rs 464
Buy the Rs 6,150 call option of Dr Reddy's Laboratories at Rs 102.6 for a target of Rs 135 with a stop loss at Rs 92
Technical pick: Sell Pidilite Industries futures for a target price of Rs 2,900 with a stop loss at Rs 3,040
Fundamental pick: Buy Indus Towers shares for a target of Rs 334 with a stop loss at Rs 320
Investment idea: Buy Hindustan Unilever Ltd (HUL) shares for a one-year target of Rs 2,700. Read more
Bharti Hexacom IPO Listing | Strong debut! Shares list at 32.49% premium on BSE
Shares of Bharti Hexacom make a strong debut on bourses. The stock lists at Rs 755.2 on the BSE, a premium of 32.49 per cent to the issue price of Rs 570. On the NSE, the shares debuts at Rs 755, a premium of 32.46 per cent.
Meanwhile, Zee Business Managing Editor Anil Singhvi says that long-term investors can hold shares of the company. Read more
Stocks to Buy | Asian Paints, Tata Consumer Products, Cummins, Deepak Nitrite among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Sacchitanand Uttekar, Siddharth Sedani, Sumeet Bagadia and Rajesh Palviya share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as Asian Paints, Tata Consumer Products, Cummins India, Deepak Nitrite and PVR Inox. Read more
Share Market Today LIVE | This recent D-street debutant has been accorded a ‘buy’ by Jefferies for a potential 50% upside
Entero Healthcare stock is locked in a 20 per cent upper circuit at Rs 1,202 on BSE. The trend in the counter follows after global brokerage Jefferies initiated a buy on the stock with a target pegged at Rs 1510, an upside of over 50 per cent.
The brokerage held that the company is a fast-growing healthcare products distributor in a large and fragmented market. The brokerage estimates that its wide reach and product offering should lead to 20 per cent organic revenue CAGR for FY24-26. Additionally, it opined that the company’s strong tech platform should result in 20 per cent organic revenue CAGR for FY24-26. Read more
Share Market Today LIVE | Should you buy L&T, Lupin, Carborundum, Grasim Industries, other stocks today?
Brokerages have a dozen stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Bharat Electronics Ltd (BEL), Larsen and Toubro (L&T), Lupin, Carborundum Universal and Grasim Industries:
Syngene International Stock: Goldman Sachs has a 'buy' call on the Syngene International stock with a target of Rs 875.
Laurus Labs Stock: Goldman Sachs has a 'sell' call on the Laurus Labs stock with a target of Rs 350.
Neuland Labs Stock: Goldman Sachs has a 'buy' on the Neuland Labs stock with a target of Rs 9,100.
BEL Stock: Macquarie has an 'outperform' rating on the Bharat Electronics Ltd (BEL) stock with a target of Rs 280.
L&T Stock: Macquarie has an 'outperform' rating on the Larsen and Toubro (L&T) stock with a target of Rs 4,400. Read more
Currency Update | Rupee falls 5 paise to 83.36 against US dollar in early trade
Share Market Today LIVE | Nifty trades below 22,700, Sensex declines nearly 200 pts in opening deals
Nifty 50
Source: NSESensex
Source: BSE
Market Outlook | Domestic markets could open lower, says Deepak Jasani
Indian markets could open lower, in line with mixed Asian markets today and despite mostly higher US markets on April 11, says Deepak Jasani, Head of Retail Research, HDFC Securities.
"Nifty marked its highest closing on April 10. At close, Nifty was up 0.49 per cent or 111.1 points at 22753.8. Nifty formed a high wave type candle on April 10 and ended at a record closing high. Volumes in the cash markets have not recovered to earlier levels despite the new highs. The broader market is seeing some participation, though yet not at the earlier levels. Nifty could now stay in the 22,529-22,775 band for the near term," he adds.
MCX Gold Rate | Yellow metal price breaches 72,650 levels for the first time ever
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,600-22,675 levels and a strong buy zone at 22,450-22,550 levels for the headline Nifty50 index on Monday, April 12. For the Nifty Bank, he expects support to come in at 48,575-48,725 levels and a strong buy zone at 48,425-48,500 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | L&T, Oil India, Dr Reddy's Labs, Wipro, other stocks
Here are some stocks that will be in focus on Friday, April 12:
Oil India: A leakage incident reported at the X-Mass tree of well No. BGN#24 is located at Dighaltarang Tea Estate in Tinsukia district in Assam was brought under control.
Dr Reddy's Laboratories: The company launched a drug-free non-invasive migraine management device Nerivio in Europe.
Wipro: The IT firm appointed Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market Unit.
PVR Inox: The company opened a nine-screen multiplex at Forum Mall in Kochi, Kerala.
L&T: Engineering major Larsen & Toubro (L&T) has announced the completion of the divestment of L&T Infrastructure Development Projects Limited (LTIDPL), a joint venture of Larsen & Toubro Limited and Canada Pension Plan Investment Board (CPP Investments) holding 51 per cent and 49 per cent shares, respectively.
M&M: Mahindra & Mahindra received an order from the Punjab Pollution Control Board in which observations were raised for non-compliance with certain provisions of the Water (Prevention & Control of Pollution) Act, 1974 (‘Act’) including the Consent to Operate granted under the said Act. The company is directed to submit a Bank Guarantee (‘BG’) amounting to Rs 50 lakh within seven days of receipt of the order.
Varun Beverages: Pepsico bottler Varun Beverages announced to buy stakes in Huoban Energy 11 and Aspirative Creative Ventures. The company will invest up to 14 per cent stakes each in Capital of Huoban Energy 11 Private Limited and Aspirative Creative Ventures. Read more
TCS Q4 FY24 Results | What you can expect in Tata group IT behemoth's March quarter earnings report today
Tata Consultancy Services (TCS), the country's largest IT services exporter, is all set to report its financial results for the January-March period, the fourth and final quarter of the financial year 2023-24, on Friday, April 12, kicking off a new results season for India Inc. In mere hours from now, the Mumbai-headquartered Tata group IT giant will become the first Nifty50 company to report its earnings report for the quarter as well as the year ended March 31, 2024.
According to Zee Business research, the IT major is expected to clock a more than 10 per cent sequential (quarter-on-quarter) rise in consolidated net profit to Rs 12,200 crore for the March quarter with about two per cent growth in revenue in the rupee as well as dollar terms. The analysts expect the Tata group IT firm’s margin to remain unchanged sequentially, at 25 per cent. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 153.9 points or 0.67 per cent at 22,658.5 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!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.