Share Market HIGHLIGHTS: Sensex ends 261 pts higher, Nifty reclaims 19,800 amid broad-based buying
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex on Tuesday, October 17, edged higher amid broad-based buying and a rebound in global stocks. 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 Nifty50 and Sensex on Tuesday, October 17, edged higher amid broad-based buying and a rebound in global stocks. Moderation in oil prices, too, aided sentiment.
S&P BSE Sensex ended 261.16 points, or 0.39 per cent higher at 66,428.09, and Nifty finished 79.75 points, or 0.4 per cent, at 19,811.5. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 ended in positive territory. Nifty Bank was up 0.42 per cent at 44,409.5.
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 | 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 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: NSESensex
Sensex finishes 261 points higher at 66,428.
Source: BSE
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.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) APLLTD 805.1 828.5 825.00 (20 Sep 2023) 1,150.00 (18 Dec 2020) ASTRAZEN 4,767.20 4,898.95 4,825.00 (11 Oct 2023) 4,970.00 (08 Sep 2020) BALKRISIND 2,615.75 2,635.05 2,617.90 (13 Oct 2023) 2,724.40 (23 Sep 2021) BSOFT 553.2 556.6 548.60 (12 Oct 2023) 740.00 (02 Jan 2007) CENTURYTEX 1,199.90 1,205.95 1,194.50 (13 Oct 2023) 11,400.00 (03 Feb 1994) COALINDIA 317.3 318.2 313.70 (16 Oct 2023) 447.25 (05 Aug 2015) CSBBANK 364.6 371.5 365.65 (16 Oct 2023) 372.95 (05 Jul 2021) DIXON 5,478.00 5,488.00 5,412.35 (16 Oct 2023) 21,500.00 (15 Mar 2021) GAIL 131.35 132.45 132.20 (13 Oct 2023) 555.00 (01 Jan 2008) GPPL 139.45 142.7 141.40 (11 Sep 2023) 262.00 (06 Apr 2015) HDFCAMC 2,899.65 2,929.00 2,910.70 (13 Oct 2023) 3,844.00 (22 Nov 2019) HOMEFIRST 957.35 980 920.00 (17 Aug 2023) 1,004.40 (16 Aug 2022) IPCALAB 972.5 979.5 970.00 (16 Oct 2023) 2,767.10 (15 Sep 2021) ISEC 644.2 681.45 651.80 (07 Sep 2023) 895.60 (13 Oct 2021) ITI 314.05 318.45 296.30 (16 Oct 2023) 318.45 (17 Oct 2023) KALYANKJIL 293.5 294.95 288.95 (16 Oct 2023) 294.95 (17 Oct 2023) KIOCL 476.4 476.4 397.00 (16 Oct 2023) 506.45 (14 Nov 2017) KPRMILL 791.45 800 796.00 (12 Sep 2023) 2,349.60 (09 Sep 2021) LUPIN 1,197.70 1,215.20 1,201.10 (16 Oct 2023) 2,127.00 (06 Oct 2015) MAHSCOOTER 8,062.00 8,247.00 8,220.00 (16 Oct 2023) 8,247.00 (17 Oct 2023) MEDANTA 778.8 797.4 792.80 (16 Oct 2023) 797.40 (17 Oct 2023) MGL 1,140.00 1,151.85 1,148.85 (04 Oct 2023) 1,345.00 (03 Nov 2017) MHRIL 464.5 469.8 464.90 (13 Oct 2023) 657.90 (07 Jul 2017) MMTC 87.08 89.04 84.89 (16 Oct 2023) 56,931.50 (12 Nov 2007) MOTILALOFS 1,014.85 1,037.95 1,025.95 (12 Oct 2023) 2,270.00 (04 Jan 2008) MRF 1,11,024.65 1,13,379.10 112,671.20 (15 Sep 2023) 113,379.10 (17 Oct 2023) MRPL 111.63 117.7 106.70 (16 Oct 2023) 149.00 (04 Jan 2008) NMDC 165.05 167.55 165.75 (16 Oct 2023) 16,584.10 (06 Nov 2007) OIL 331 334.35 324.70 (16 Oct 2023) 1,635.00 (15 Sep 2010) POLYCAB 5,466.00 5,485.00 5,446.70 (16 Oct 2023) 5,485.00 (17 Oct 2023) POWERGRID 207.1 208.9 205.90 (20 Sep 2023) 266.85 (31 Jul 2023) STARCEMENT 171.95 180.3 176.55 (16 Oct 2023) 180.30 (17 Oct 2023) SUNTV 643.2 651.95 649.35 (16 Oct 2023) 1,849.00 (08 Feb 2007) TATACONSUM 907.1 928 917.70 (13 Oct 2023) 1,220.00 (29 Jun 2010) UNITDSPR 1,084.10 1,097.40 1,087.70 (13 Oct 2023) 4,080.00 (05 Mar 2015) WELCORP 455.9 457.55 451.35 (16 Oct 2023) 537.70 (17 Jan 2008) WELSPUNIND 133.25 134.25 132.15 (16 Oct 2023) 1,007.15 (14 Mar 2016) ZENSARTECH 548.4 576.6 575.00 (06 Sep 2023) 1,723.70 (03 Sep 2018) ZOMATO 113.8 114.05 113.25 (12 Oct 2023) 169.10 (16 Nov 2021) 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 | Nifty IT trades over 50 points higher, up 0.2%
Source: NSE
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 | 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 | 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 | 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 | 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
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
Currency Update | Rupee rises 4 paise to 83.23 against US dollar in early trade
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: NSESensex
Sensex gains nearly 300 points in opening deals.
Source: BSE
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
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.
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