Share Market HIGHLIGHTS: Sensex finishes 126 pts lower, falls for 2nd day, Nifty slides to 19,751; Tata Motor zooms 5%
Share Market HIGHLIGHTS: Domestic equity benchmarks extended losses to a second straight session on Friday, October 13, dragged by IT and financial shares through gains in auto stocks arrested the fall. 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 extended losses to a second straight session on Friday, October 13, dragged by IT and financial shares through gains in auto stocks arrested the fall. Both headline indices declined 0.2 per cent for the day. The Sensex shed 125.7 points to end at 66,282.7 and the Nifty lost 43 points to settle at 19,751.1.
Twenty-seven stocks in the Nifty basket finished the day below the flatline, with Axis Bank, Adani Enterprises, Infosys, State Bank of India (SBI) and Wipro being the worst hit with losses to the tune of 1-2 per cent. On the flipside, Tata Motors, IndusInd Bank, HCL Tech, Tata Consumer Products and Nestle India were the top gainers, rising between around 2-5 per cent for the day.
The high-beta Nifty Bank index dropped 0.7 per cent to finish at 44,288. Broader indices Nifty Midcap 100 and Smallcap 100 fell 0.12 and 0.44 per cent, respectively. Overall market breadth was largely neutral, as 1,805 stocks rose and 1,859 fell on BSE.
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:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Sensex finishes 126 pts lower, Nifty slides to 19,751
Nifty 50
Nifty slides to 19,751, down 0.22 per cent.
Source: NSESensex
Sensex finishes 126 points lower at 66,283.
Source: BSE
Share Market HIGHLIGHTS | Axis Bank, Adani Enterprises, Infosys emerge as top losers in 50-scrip blue-chip basket
Axis Bank, Adani Enterprises, Infy and SBI are among the top losers, down nearly 2-1 per cent in the Nifty basket. On the other hand, Tata Motors, HCL Tech, IndusInd Bank and Tata Consumer Products are among the top gainers, trading with gains of around 5-2 per cent.
Source: NSE
Share Market Today LIVE | Nifty IT trades over 200 pts lower, down 0.63%
Source: NSE
Share Market Today LIVE | HDFC AMC shares hit 52-week high on strong Q2 show
Shares of HDFC Asset Management company, HDFC AMC, climb over 5 per cent intraday on Friday (October 13) to scale a fresh 52-week high of Rs 2,910.70 per share on BSE. The sharp gains in the stock were triggered after the company’s strong Q2 show. Read more
Share Market Tips LIVE | Buy Religare Enterprises, MTAR Tech shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Religare Enterprises shares for a target of Rs 260 with a stop loss at Rs 230. Besides, he recommends buying MTAR Tech shares for a target of Rs 2,675 with a stop loss at Rs 2,540.
Nifty Today LIVE | Tata Motors, HCL Tech, TCS among top movers
Tata Motors, HCL Tech, TCS and IndusInd Bank are the top movers in the Nifty baskets at this hour. On the contrary, Infosys, Axis Bank, SBI and HDFC Bank 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 | NMDC clocks 52-week high; here’s what’s driving the mining giant’s stock
NMDC shares scaled a 52-week high on Friday amid growing investor optimism about the government’s plan to privatise NMDC Steel. Zee Business learned from sources that interested parties may soon be allowed to visit state-run mining giant NMDC’s Nagarnar Steel Plant (NSP), in which the government intends to sell a 50.79 per cent stake. Read more
Share Market Today LIVE | Multibagger midcap telecom stock hits new 52-week high amid high volumes
Shares of ITI surge to a 52-week high on Friday (October 13) amid heavy trading volume. The stock spurted as much as 14 per cent to Rs 257.5 apiece, surpassing an existing 52-week high registered on Tuesday. Read more
Share Market Today LIVE | Dr Reddy's Labs Hyderabad facility gets 9 observations from US drug regulator; shares fall
Shares of Dr Reddy's Laboratories slip as much as 2.3 per cent in Friday's trading session on BSE, touching the day's low at Rs 5400.05 apiece. Selling pressure in the stock can be attributed to the US Food and Drug Administration (USFDA) issuing nine observations for the company's biologics manufacturing facility at Bachupally in Hyderabad. Read more
Share Market Today LIVE | Nifty Bank slips below 44,300, down 0.69%
Source: NSE
Share Market Today LIVE | Angel One hits all-time high as brokerage woos investors with strong Q2 show
Angel One shares surge to a record high on Friday on the back of the brokerage house’s strong financial performance in the second quarter of the current financial year. The stock of Angel One gains by as much as Rs 146.4, or seven per cent, to Rs 2,250 apiece on BSE, surpassing a peak registered the previous day and adding to a series of all-time highs registered this month. Read more
Traders' Diary | Buy, sell or hold strategy on Eicher Motors, HDFC AMC, RITES, SBI Life, DRL, other a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Friday, October 13. Here's a list of 20 stocks that are on analysts Varun Dubey and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy SJVN shares in the cash segment for a price target of Rs 73.5 with a stop loss at Rs 69.5
- Sell Hindalco futures for a target of Rs 472 with a stop loss at Rs 495
- Buy the Rs 415 put option of Wipro for a target of Rs 10 with a stop loss at Rs 6.5
- Technical pick: Buy LTIMindtree shares for a target of Rs 5,020 with a stop loss at Rs 5,225
- Fundamental pick: Buy Eicher Motors shares for a six-month target of Rs 3,800
- Cricket World Cup stock pick: Buy Wockhardt shares for a one-month target of Rs 270. Read more
Share Market Today LIVE | HDFC Life shares rise as investors await life insurer’s Q2 results today; here’s what to expect
HDFC Life Insurance Company, NSE: HDFC Life Insurance company (HDFCLIFE) shares register mild gains on Friday, October 13, ahead of the private sector insurance company’s quarterly financial results due later in the day. HDFC Life shares gains as much as one per cent to Rs 630.8 apiece on NSE. Analysts expect the company to stage a steady financial performance for the July-September quarter with double-digit growth in net profit as well as net premium income. Read more
Stocks to Buy | Hindustan Unilever, IndiGo, Tata Consumer Products among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Kunal Saraogi, Vikas Sethi, Rajesh Palviya, Rakesh Bansal, Siddharth Sedani and Sumeet Bagadia share their top recommendations for the day in this special segment, Player of the day.
On the top analysts' 'buy' list are stocks such as Interglobe Aviation (IndiGo), Tata Consumer Products, RailTel Corporation of India, Mahindra & Mahindra, Sbi Life Insurance, GNFC (Gujarat Narmada Valley Fertilisers & Chemicals), TVS Motor, Ashiana Housing, Petronet LNG and Hindustan Unilever (HUL). Read more
Stocks to Buy | Hindustan Unilever, IndiGo, Tata Consumer Products among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Kunal Saraogi, Vikas Sethi, Rajesh Palviya, Rakesh Bansal, Siddharth Sedani and Sumeet Bagadia share their top recommendations for the day in this special segment, Player of the day.
On the top analysts' 'buy' list are stocks such as Interglobe Aviation (IndiGo), Tata Consumer Products, RailTel Corporation of India, Mahindra & Mahindra, Sbi Life Insurance, GNFC (Gujarat Narmada Valley Fertilisers & Chemicals), TVS Motor, Ashiana Housing, Petronet LNG and Hindustan Unilever (HUL). Read more
Share Market Today LIVE | Coal India, DLF, GAIL, other stocks hit 52-week highs
As many as 15 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 2,208.20 2,250.00 2,148.00 (12 Oct 2023) 2,250.00 (13 Oct 2023) BALKRISIND 2,613.65 2,617.90 2,609.95 (12 Oct 2023) 2,724.40 (23 Sep 2021) COALINDIA 308.3 310.75 309.10 (12 Oct 2023) 447.25 (05 Aug 2015) DLF 574.45 575.9 568.95 (11 Oct 2023) 1,225.00 (15 Jan 2008) GAIL 130.2 132.2 130.45 (12 Oct 2023) 555.00 (01 Jan 2008) HDFCAMC 2,893.00 2,910.70 2,798.45 (11 Oct 2023) 3,844.00 (22 Nov 2019) ITI 254.25 257.5 234.70 (10 Oct 2023) 275.00 (11 Jan 1994) MASFIN 953.1 966.15 938.25 (07 Nov 2022) 1,269.00 (13 Feb 2020) MMTC 77.75 79.7 70.72 (12 Oct 2023) 56,931.50 (12 Nov 2007) NMDC 158.8 160.45 159.90 (12 Oct 2023) 16,584.10 (06 Nov 2007) PHOENIXLTD 2,035.00 2,059.00 1,968.50 (12 Oct 2023) 37,536.25 (21 Sep 2005) PRAJIND 602.95 614 610.00 (15 Sep 2023) 1,103.80 (16 Aug 2005) SUNTV 635.5 645.25 642.25 (12 Oct 2023) 1,849.00 (08 Feb 2007) TATACONSUM 914.15 914.45 909.80 (26 Sep 2023) 1,220.00 (29 Jun 2010) WELCORP 428.35 429.95 423.40 (12 Oct 2023) 537.70 (17 Jan 2008) 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 19,650-19,725 levels and a strong buy zone at 19,550-19,625 levels on Friday, October 13, a day after Infosys and HCL Tech reported their quarterly financial results.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE: HCL Tech stages a mixed Q2 show, trims FY24 revenue guidance; should you buy, sell or hold shares?
HCL Technologies—the country's third largest IT firm by market value—takes centre stage on Dalal Street on Friday, a day after the Noida-based company reported a mixed set of results for the quarter ended September 30 and trimmed its revenue guidance for the full financial year despite strong deal wins. The HCL Tech stock gains by as much as Rs 34, or 2.8 per cent, to Rs 1,258 apiece in early deals on BSE. Read more
Image source: Official website Share Market Today LIVE | Infosys shares under pressure after India's 2nd largest IT firm trims FY24 revenue guidance; here's what brokerages say
Infosys (INFY) shares decline as much as Rs 65.5 or 4.5 per cent to touch the day's low of Rs 1,400 from the previous close of Rs 1,465.5 on NSE after the country's second-largest IT company staged an overall better-than-estimated quarterly performance but cut the upper-end of its annual revenue forecast despite a strong order win. The No. 2 software services in the country reported a consolidated net profit of Rs 6,212 crore for the second quarter of the current financial year, translating into an increase of 4.5 per cent compared with the previous three months. Infosys reports consolidated revenue of Rs 38,994 crore for the second quarter of the current financial year, in line with analysts’ estimates.
Image source: NSE Currency Update | Rupee opens flat at 83.24 against US dollar in early trade
Share Market Today LIVE: Sensex falls over 350 pts, Nifty above 19,700
Nifty 50
Nifty trades 0.46 per cent lower, above 19,700 in opening deals.
Source: NSESensex
Sensex falls over 350 points to trade at Rs 66,054 in opening deals.
Source: BSE
Stocks to Watch | Infosys, HCL Tech, Maruti Suzuki, RITES, Vedanta, Plaza Wires and others
ZeeBiz will take you to the list of stocks that will be on focus on Friday (October 13):
HDFC Life, Aditya Birla Money, Tata Steel Long Products, Som Distilleries & Breweries will announce their result for the second quarter (Q2FY24) today and Sai Silks (Kalamandir) will announce its Q1FY24 result.
Infosys: Tech giant Infosys reported its second-quarter results on Thursday (October 12), reporting a jump of 4.5 per cent in its profit after tax (PAT) on a sequential basis, to Rs 6,212 crore from from Rs 5,945 crore in the previous quarter. The company's revenue from operations for the July-September period jumped 2.80 per cent, to Rs 38,994 crore from Rs Rs 37933 crore in the first quarter of the current financial year (FY24). The Bengaluru-headquartered IT firm has trimmed its guidance for revenue growth to 1-2.5 per cent for the 2023-24 financial year in constant currency terms, from 1-3.5 per cent in the previous quarter.
HCL Technologies: HCL Technologies announced its second-quarter result on Thursday (October 12), reporting a rise of 8.34 per cent in profit after tax sequentially, to Rs 3,832 crore in the July-September quarter from Rs 3,534 crore in the previous quarter of the current financial year. The company's revenue from operations, meanwhile, jumped 1.43 jump sequentially, to Rs 26,672 crore in Q2 from Rs 26,296 crore in the first quarter of FY24. The company also announced an interim dividend of Rs 12, or 600 per cent, of the face value of Rs 2 per equity share. The record date for the interim dividend will be October 20, 2023, while the payment date, or ex-date for it will be October 31, 2023.
Maruti Suzuki India: The board of the country's largest carmaker is scheduled to meet on October 17 to consider the issuance of shares to Suzuki Motor on a preferential basis.
Dr Reddy's Laboratories (DRL): The pharmaceutical company received nine observations from the US Food and Drug Administration (FDA) after the American drug regulator completed a product-specific inspection at the company's biologics manufacturing facility in Bachupally, Hyderabad. The inspection was conducted from October 4 to October 12.
Vedanta Ltd: Vedanta said on Friday that its wholly owned subsidiary, Vedanta Iron And Steel Limited, has been incorporated on October 10, 2023. The subsidiary is into the business of iron and steel and Vedanta will hold 100 per cent shares in it. 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 — down 148.05 points or 0.75 per cent at 19,694 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.