Share Market HIGHLIGHTS: Sensex ends 261 pts higher, Nifty reclaims 19,800 amid broad-based buying

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Share Market HIGHLIGHTS | Sensex ends 261 pts higher, Nifty reclaims 19,800 amid broad-based buying 

Nifty 50

Nifty reclaims 19,800 amid broad-based buying, ends 0.4 per cent higher.

Source: NSE

Sensex

Sensex finishes 261 points higher at 66,428.

Source: BSE

Share Market HIGHLIGHTS | BPCL, PowerGrid, SBI Life rise most in 50-scrip blue-chip basket

BPCL, PowerGrid, SBI Life and HDFC Life are among the top gainers in the Nifty basket, trading with gains of around 2 per cent. On the other hand, Tata Motors, L&T, UPL and IndusInd Bank are among the top losers, down nearly 2-1 per cent.

Source: NSE

Share Market Today LIVE | Coal India, GAIL, PowerGrid, other stocks hit 52-week highs

As many as 39 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Tips LIVE | Buy Ami Organics, Paras Defence shares, says Vikas Sethi

Vikas Sethi of Sethi Finmart recommends buying Ami Organics shares for a target of Rs 1,320 with a stop loss at Rs 1,220. Besides, he recommends buying Paras Defence shares for a target of Rs 770 with a stop loss at Rs 710. 

Share Market Today LIVE | Sandeep Jain remains positive on tyre stocks; CEAT, MRF, Balkrishna, Goodyear among his top picks

Sandeep Jain of Tradeswift Broking remains positive on a bunch of tyre stocks, including CEAT, MRF, Balkrishna Industries and Goodyear. 

He finds the risk-reward ratio to be favourable in CEAT, a stock he expects to give an upside to the tune of 15-20 per cent.

Image: Reuters

Share Market Today LIVE | How to trade SBI Card, Aarti Industries now

Shilpa Rout of Prabhudas Lilladher has two stock derivatives recommendations to make the most of the current juncture on Dalal Street: 

• Buy SBI Card futures for a target of Rs 840 with a stop loss at Rs 790 
• Buy the Rs 500 call option of Aarti Industries at Rs 6 for a target of Rs 11-13 with a stop loss at Rs 4 

Share Market Today LIVE | Nifty IT trades over 50 points higher, up 0.2%

Source: NSE

Share Market Today LIVE | A breakout above 19,850 to lead to strong moves towards 19,950-20,000, says Shilpa Rout

Shilpa Rout of Prabhudas Lilladher believes the Nifty is looking positive, with a strong texture, going by its intraday gains this morning. A breakout above crucial resistance at 19,850 will likely be followed by quick moves towards the 19950-20,000 band.

One can participate in the upmove by buying the 19,900 call option at Rs 37-odd levels for a price target of Rs 70 with a stop loss at Rs 20, she says. 

Tata Metaliks Q2 Results | Net profit at Rs 44 crore, revenue at Rs 755 crore

Tata Metaliks, a Tata group company that operates in the manufacturing and sale of pig iron and ductile iron pipes, reports a net profit of Rs 44 crore for the September quarter, as against a net profit of Rs 14 crore for the corresponding period a year ago. 

Its revenue, however, shrinks 13.9 per cent on a year-on-year basis to Rs 755 crore, according to a regulatory filing. 

The company's margin comes in at 12 per cent for the second quarter of the current financial year, as against 4.7 per cent for the year-ago period.

The Tata Metaliks stock gains by as much as Rs 53.4, or 5.6 per cent, to touch a 52-week high of Rs 1,003.5 apiece on BSE, surpassing a recent peak of Rs 1,000 scaled last month. 

Image: BSEIndia.com

Share Market Today LIVE | Cyient DLM shares jump over 8% post-Q2 results; here is what management said

Cyient DLM shares jump as much as 8.6 per cent on Tuesday, October 17, to touch the day's high of Rs 748 apiece on BSE. The buying interest in the electronics manufacturing services and solutions provider's stock came after the company posted its September quarter (Q2FY24) numbers. Read more 

Stocks to Buy | JSW Steel, Tata Steel among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Avinash Gorakssakar, Kunal Saraogi 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 Steel, CEAT, Bank of Maharashtra and Samvardhana Motherson. Read more 

Share Market Today LIVE | Nifty Bank gains over 250 pts, up 0.58%

Source: NSE

Share Market Today LIVE | Buy Bank of Maharashtra shares, says Avinash Gorakssakar

Avinash Gorakssakar of Profitmart Securities is positive on Bank of Maharashtra shares from a medium-term perspective, citing the lender's strong Q2 results. He says that steady credit growth to the tune of 12-13 per cent should aid balance sheet expansion for the bank. 

Gorakssakar has placed his target for the stock at Rs 58-60 with a view of 8-12 months. 

Share Market Today LIVE | L&T Tech Services shares under pressure ahead of Q2 results today; here is what to expect

L&T Technology Services faces selling pressure on Tuesday as investors awaited the company to announce its financial results for the July-September period later in the day. The LTTS stock weakens by as much as Rs 45.6, or one per cent, to Rs 4,643.5 apiece during the session on BSE.

Analysts expect the engineering research and development (ER&D) service provider to stage a muted performance for the three-month period owing to margin pressure emanating from rising wage expenses. Read more 

Share Market Today LIVE | Grasim Industries gains over 2% on fundraising plan via the rights issue

Shares of Grasim Industries gain over 2 per cent to touch the day’s high of Rs 2,020 after the company’s board on Monday (October 16) approved fundraising via the rights issue. The stock on Monday (October 16) closed marginally lower by 0.55 per cent at Rs 1972 apiece on the BSE. Read more 

Share Market Today LIVE | HDFC Bank stages a mixed Q2 performance; what's in it for investors?

HDFC Bank shares take centre stage on Dalal Street after the country's largest private sector lender staged a mixed performance for the quarter ended September 30, 2023. The HDFC Bank stock gain by as much as Rs 28.5, or 1.9 per cent, to Rs 1,558 apiece on BSE. The lender registered strong growth in net interest income (NII) as it posted a 51 per cent year-on-year jump in consolidated net profit, driven by other income and a decline in provisions, but took a hit in terms of asset quality as its non-performing assets (NPAs) increased sequentially. Read more 

Share Market Today LIVE | Nifty above 19,800, Sensex gains nearly 300 pts

Nifty 50

Nifty rises above 19,800, up over 0.46 per cent in opening deals.

Source: NSE

Sensex

Sensex gains nearly 300 points in opening deals.

Source: BSE

Currency Update | Rupee rises 4 paise to 83.23 against US dollar in early trade

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 19,650-19,700 levels and a strong buy zone at 19,550-19,625 levels on Tuesday, October 17. For the Nifty Bank, he expects support at 44,050-44,125 levels and a strong buy zone at 43,800-43,950 levels.

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Stocks to Watch | HDFC Bank, Bajaj Finance, ICICI Securities, other stocks to track today

ZeeBiz will take you to the list of stocks that will be on focus on Tuesday (October 17):

Results today (October 17): Bajaj Finance, Can Fin Homes, Hathway Cable, Happiest Minds Technologies, ICICI Prudential, TCI Express, Tata Elxsi, and L&T Technology, among others, will announce their respective results for the second quarter (Q2FY24) on Tuesday (October 17).

HDFC Bank: Shares of the country’s leading lender will be in focus after its quarterly numbers were released after market hours on Monday. The bank reported a 51 per cent YoY increase in its consolidated net profit at Rs 16,811.4 crore for the quarter ended September 30. This was the first earnings released after the banking major’s merger with erstwhile HDFC Ltd.

Kirloskar Electric Company: The company, in a regulatory filing, informed that its management has declared a lockout at the company’s unit no.15, situated at Bhudihal, Nelamangala taluk, Bengaluru Rural District, with effect from October 16, 2023.

ICICI Securities: Shares of the brokerage firm will gain traction after its Q2 numbers post market hours on Monday. The company posted a 41 per cent year-on-year increase in consolidated net profit for the quarter ended September. Also, the company declared an interim dividend of Rs 12 per share. Read more

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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 73.15 points or 0.37 per cent at 19,806 ahead of the opening bell on Dalal Street.