Share Market HIGHLIGHTS: Nifty slips below 19,300, Sensex tanks 826 pts amid broad-based selling; LTIMindtree falls 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex fell more than one per cent each on Monday amid a sell-off across sectors. Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex fell more than one per cent each on Monday amid a sell-off across sectors, as Dalal Street tracked a sea of red from global markets on account of a widening conflict in the Middle East that hurt already weak investor sentiment and nervousness about key macroeconomic data and big tech earnings from the world's largest economy due this week.
Both headline indices finished 1.3 per cent lower for the day, with the final nail in the coffin coming in the final 30 minutes of trade. The Sensex shed 825.7 points to end at 64,571.9 and the Nifty50 settled at 19,281.8, down 260.9 points for the day.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market HIGHLIGHTS | LTIMindtree, Adani Enterprises, Hindalco among top losers in Nifty 50
LTIMindtree, Adani Enterprises, Hindalco and JSW Steel are among the top losers in the Nifty basket, down around 4-3 per cent. On the other hand, M&M and Bajaj Finance are among the top gainers.
Source: NSE
Share Market HIGHLIGHTS | Nifty slips below 19,300, Sensex tanks 826 pts amid broad-based selling
Nifty 50
Nifty slips below 19,300, down 1.34 per cent.
Source: NSESensex
Sensex tanks 826 points to end at 64,572.
Source: BSE
Share Market Today LIVE | Poonawalla Fincorp shares fall over 5% despite NBFC reporting 555% jump in PAT
Despite Poonawalla Fincorp reporting a 555 per cent rise in its consolidated profit after tax, the shares of the non-banking finance company plunges more than five per cent in first trading session posts Q2 results on BSE on Monday. The stock of the company are trading down 5.14 per cent, or Rs 19.35, at Rs 357.35 on Monday. Read more
Share Market Today LIVE | Overall market breadth remains highly negative
Market breadth remains sharply negative, with an advance-decline ratio of 1:5 as 719 stocks are up against 3,059 that are down, as Dalal Street enters the last hour of trade.
The BSE 500, the broadest index on the bourse, has just 38 stocks holding on to the green at this hour.
Here's a glance at the top gainers and losers in the 500-scrip universe:
In addition, Nagaraj Shetti, Technical Research Analyst at HDFC Securities says that the short-term trend of the Nifty remains negative. Having moved below the support of 19,330, one may expect the Nifty to slide down to 18,825 levels, its 200-day exponential moving average, in the near term. Any attempt of upside bounce could encounter resistance around 19,400.
Share Market Today LIVE | How to trade ICICI Bank, Paytm, Indigo Paints, Cochin Shipyard, GNFC, a bunch of other stocks now?
Zee Business analysts Varun Dubey and Kushal Gupta have listed a host of recommendations for today's session.
Dubey has Emami as an investment pick with a one-year target of Rs 650.
Gupta suggests buying the Rs 1,030 put option of MGL at Rs for a target of Rs 30 with a stop loss at Rs 12.
Dussehra Stock Pick | Buy Muthoot Finance shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services is positive on Muthoot Finance, a stock he recommends as his 'Dussehra pick'.
Taparia has placed his target for the stock at Rs 1,400 with a stop loss at Rs 1,230.
Dussehra Stock Pick | Buy JSW Energy shares, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets expects JSW Energy shares to stage a strong upmove up ahead. He recommends buying the stock as a 'Dussehra pick' for a one-year target of Rs 500 with a stop loss at Rs 300.
His target implies an upside of 28.8 per cent in the power generation company's stock from its previous close.
JSW Energy shares have rewarded investors with a return of almost 23 per cent in the past year, sharply outperforming a 10 per cent rise in the headline Nifty50 index.
Image: BSE
Share Market Today LIVE | Paytm shares decline after strong Q2 results; is it the right time to add Paytm stock in your portfolio?
Shares of One97 Communications, the parent company of digital payments firm Paytm, slips as much as over 3 per cent on Monday, October 23, despite Paytm announcing strong June quarter earnings on Friday after market hours driven by an increase in merchants' subscription revenues, merchant payment volumes, and loan disbursals. Paytm shares decline as much as over 3 per cent to touch the day's low of Rs 953 each on NSE.
Paytm share price target: Should you buy, sell, or hold? Here's what brokerages suggest:
CLSA has maintained a 'buy' on Paytm and has raised the target price to Rs 1,200 from Rs 1,050, translating to an upside of over 20 per cent from Friday's close. In addition, Citi and Jefferies have maintained a 'buy' call each on the stock.Read more
Share Market Today LIVE | Nifty Bank trades over 50 pts, down 0.17%
Source: NSE
Nifty Today LIVE | TCS, Infy, Adani Enterprises, L&T among top movers
TCS, Infy, Adani Enterprises, L&T and Kotak Bank are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, ICICI Bank, Bajaj Finance, HUL and HDFC Bank are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Stocks to Buy | Nestle India, IRB Infra among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Mehul Kothari, Sandeep Jain, Sandeep Wagle and Jay Thakkar share their top stock recommendations in this special segment, Raamban Share. On the analysts' 'buy' list are stocks such as Action Construction Equipment (ACE), CMS Info Systems, IRB Infrastructure Developers, Vindhya Telelinks and Nestle India. Read more
Share Market Today LIVE | MCX, Dixon, other stocks hit 52-week highs
As many as ten stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ANGELONE 2,341.90 2,435.00 2,369.65 (20 Oct 2023) 2,435.00 (23 Oct 2023) BBTC 1,376.00 1,511.65 1,420.50 (20 Oct 2023) 10,500.00 (01 Sep 1994) CREDITACC 1,514.00 1,560.00 1,502.30 (01 Aug 2023) 1,560.00 (23 Oct 2023) DIXON 5,494.00 5,607.45 5,572.00 (19 Oct 2023) 21,500.00 (15 Mar 2021) EQUITASBNK 97.63 101.99 101.85 (20 Oct 2023) 101.99 (23 Oct 2023) IPCALAB 1,002.75 1,008.90 981.20 (18 Oct 2023) 2,767.10 (15 Sep 2021) KPIL 715.55 722.9 714.10 (20 Oct 2023) 2,119.95 (05 Apr 2006) MCX 2,281.10 2,417.50 2,340.00 (20 Oct 2023) 2,417.50 (23 Oct 2023) SUZLON 32.7 34.1 33.14 (20 Oct 2023) 2,300.00 (09 Jan 2008) WELSPUNIND 132.75 141.4 140.05 (20 Oct 2023) 1,007.15 (14 Mar 2016) Share Market Today LIVE | MCX, Dixon, other stocks hit 52-week highs
As many as ten stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ANGELONE 2,341.90 2,435.00 2,369.65 (20 Oct 2023) 2,435.00 (23 Oct 2023) BBTC 1,376.00 1,511.65 1,420.50 (20 Oct 2023) 10,500.00 (01 Sep 1994) CREDITACC 1,514.00 1,560.00 1,502.30 (01 Aug 2023) 1,560.00 (23 Oct 2023) DIXON 5,494.00 5,607.45 5,572.00 (19 Oct 2023) 21,500.00 (15 Mar 2021) EQUITASBNK 97.63 101.99 101.85 (20 Oct 2023) 101.99 (23 Oct 2023) IPCALAB 1,002.75 1,008.90 981.20 (18 Oct 2023) 2,767.10 (15 Sep 2021) KPIL 715.55 722.9 714.10 (20 Oct 2023) 2,119.95 (05 Apr 2006) MCX 2,281.10 2,417.50 2,340.00 (20 Oct 2023) 2,417.50 (23 Oct 2023) SUZLON 32.7 34.1 33.14 (20 Oct 2023) 2,300.00 (09 Jan 2008) WELSPUNIND 132.75 141.4 140.05 (20 Oct 2023) 1,007.15 (14 Mar 2016) Share Market Today LIVE | Sensex drops over 200 pts, down 0.31%
Source: NSE
Share Market Today LIVE | NBCC shares slide over 3% as Navratna firm is set to e-auction Rs 5,716.43 crore worth commercial space in Delhi
NBCC share slips 3.21 per cent, or Rs 2.2, to Rs 66.3 on Monday (October 23, 2023) on a day when the Navratna company is set to e-auction the sale of commercial built-up space in World Trade Centre, Nauroji Nagar, New Delhi. The area offered for the sale is 14.75 lakh square feet, worth Rs 5,716.43 crore, NBCC had announced in a BSE filing in September. 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 19,465-19,515 levels and a strong buy zone at 19,335-19,435 levels on Monday, October 23. For the Nifty Bank, he expects support at 43,500-43,600 levels and a stronger base at 43,350-43,450 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | ICICI Bank stages a strong Q2 show; should you buy, sell or hold stock now?
ICICI Bank (ICICIBANK) shares gain on Monday after the country's second largest private sector lender reported a largely strong set of quarterly numbers over the weekend. The stock rises by as much as Rs 12.4, or 1.3 per cent, to Rs 944.8 apiece in early deals on BSE.
ICICI Bank Q2 results: A summary
On Saturday, ICICI Bank reported a 35.8 per cent year-on-year jump in net profit to Rs 10,261 crore for the July-September period with a 23.8 per cent rise in net interest income (NII) to Rs 18,307.9 crore. Read more
Currency Update | Rupee declines 3 paise to 83.15 against US dollar in early trade
Share Market Today LIVE | Nifty, Sensex open flat
Nifty 50
Source: NSESensex
Source: BSE
Stock to Watch | ICICI Bank, Paytm, NBCC, Zydus Lifesciences, other stocks in focus today
Here's a list of stocks that are likely to be in the spotlight in the domestic stock market on October 23:
ICICI Bank
The country's second largest private sector lender reported a largely positive set of quarterly numbers over the weekend. Its net profit and net interest income (NII) came in better than analysts' estimates for the quarter ended September but a compression in its net interest margin was worse than expectations.
RBL Bank
RBL Bank reported a net profit and net interest income for the July-September period that fell slightly short of Street estimates amid an increase in both provisions and slippages.
Paytm
Paytm's net loss narrowed to Rs 292 crore for the July-September period as against a net loss of 572 crore for the corresponding quarter a year ago, with a 31.6 per cent yearon-year increase in revenue.
IDBI Bank
IDBI Bank registered an overall good September quarter with a 12 per cent year-on-year increase in net interest income and 60 per cent growth in net profit. Read more
Share Market Today LIVE | GIFT Nifty futures indicate sluggish start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 12.8 points or 0.07 per cent at 19,510.5 ahead of the opening bell on Dalal Street.
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