Share Market HIGHLIGHTS: Sensex ends 567 pts higher, Nifty settles 10 pts shy of 19,700; financial stocks drive gains on D- Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Tuesday, October 10, edged higher, in line with global stocks on easing US rate hike worries, while investors kept tabs on the military conflict in the Middle East.
At close, the S&P BSE Sensex was up 566.97 points, or 0.87 per cent, at 66,079.36, and the NSE Nifty was up 177.5 points, or 0.91 per cent, at 19,689.65. Nifty Mid Cap 100 and Small Cap 100 settled in positive. On the sectoral front, Nifty Bank was up 1.08 per cent at 44,360.15.
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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Tuesday, October 10, edged higher, in line with global stocks on easing US rate hike worries, while investors kept tabs on the military conflict in the Middle East.
At close, the S&P BSE Sensex was up 566.97 points, or 0.87 per cent, at 66,079.36, and the NSE Nifty was up 177.5 points, or 0.91 per cent, at 19,689.65. Nifty Mid Cap 100 and Small Cap 100 settled in positive. On the sectoral front, Nifty Bank was up 1.08 per cent at 44,360.15.
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 | Sensex ends 567 pts higher, Nifty settles 10 pts shy of 19,700
Nifty 50
Nifty settles 10 points shy of 19,700, up 0.91 per cent.
Source: NSE
Sensex
Sensex ends 567 points higher at 66,079.
Source: BSE
Share Market HIGHLIGHTS | Coal India, Adani Ports, Bharti Airtel emerge rise most in 50-scrip blue-chip basket
Coal India, Adani Ports, Bharti Airtel and Kotak Bank are among the top gainers in the Nifty basket, trading with gains of around 5-2 per cent. On the other hand, IndusInd Bank, Cipla, TCS and Dr Reddy are among the top losers, down up to nearly 1 per cent.
Source: NSE
Share Market Today LIVE | Sensex gains over 550 points, up 0.88%
Source: NSE
Share Market Today LIVE | Buy Axis Bank shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services recommends buying Axis Bank shares for a price target of Rs 1050 with a stop loss at Rs 995.
Taparia's target implies an upside of 5.4 per cent from the previous close.
Share Market Today LIVE | DLF, Bharti Airtel, Zomato, other stocks hit 52-week highs
As many as 24 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 | 2,078.35 | 2,109.50 | 2,067.50 (09 Oct 2023) | 2,109.50 (10 Oct 2023) |
| ASTRAZEN | 4,788.85 | 4,800.00 | 4,753.00 (09 Oct 2023) | 4,970.00 (08 Sep 2020) |
| BHARTIARTL | 949.9 | 953.6 | 948.00 (15 Sep 2023) | 1,149.00 (10 Oct 2007) |
| BSOFT | 539.2 | 543.75 | 535.00 (04 Sep 2023) | 740.00 (02 Jan 2007) |
| CENTURYTEX | 1,150.35 | 1,177.00 | 1,140.00 (05 Sep 2023) | 11,400.00 (03 Feb 1994) |
| COALINDIA | 302.75 | 303.7 | 297.95 (03 Oct 2023) | 447.25 (05 Aug 2015) |
| CRISIL | 4,061.85 | 4,143.05 | 4,070.20 (23 Aug 2023) | 9,031.95 (27 Jul 2011) |
| DLF | 564 | 564.7 | 550.70 (06 Oct 2023) | 1,225.00 (15 Jan 2008) |
| ESCORTS | 3,362.15 | 3,372.10 | 3,344.00 (30 Aug 2023) | 3,372.10 (10 Oct 2023) |
| GAEL | 365.15 | 369 | 363.70 (28 Sep 2023) | 393.85 (19 Apr 2022) |
| GODFRYPHLP | 2,322.65 | 2,331.00 | 2,250.00 (10 Aug 2023) | 3,944.00 (27 Apr 2012) |
| INFIBEAM | 21.79 | 21.95 | 21.37 (09 Oct 2023) | 1,504.00 (08 Aug 2017) |
| IPCALAB | 952.2 | 958.5 | 955.30 (09 Oct 2023) | 2,767.10 (15 Sep 2021) |
| ITI | 223.7 | 234.7 | 225.70 (09 Oct 2023) | 275.00 (11 Jan 1994) |
| KALYANKJIL | 262.05 | 267.9 | 261.95 (01 Sep 2023) | 267.90 (10 Oct 2023) |
| LTTS | 4,804.85 | 4,825.00 | 4,797.95 (15 Sep 2023) | 5,958.10 (04 Jan 2022) |
| MHRIL | 433.35 | 440 | 439.95 (09 Oct 2023) | 657.90 (07 Jul 2017) |
| OIL | 320.2 | 322.55 | 318.25 (09 Oct 2023) | 1,635.00 (15 Sep 2010) |
| PAYTM | 940.3 | 944.55 | 939.00 (25 Aug 2023) | 1,961.05 (18 Nov 2021) |
| PCBL | 198.85 | 204 | 201.50 (09 Oct 2023) | 1,594.90 (09 Jan 2018) |
| PRESTIGE | 739.95 | 796 | 699.00 (09 Oct 2023) | 796.00 (10 Oct 2023) |
| SOBHA | 765 | 772.2 | 750.00 (27 Sep 2023) | 1,179.00 (20 Dec 2006) |
| TVSMOTOR | 1,540.20 | 1,558.35 | 1,546.20 (28 Sep 2023) | 1,558.35 (10 Oct 2023) |
| ZOMATO | 105.95 | 107.9 | 107.65 (05 Oct 2023) | 169.10 (16 Nov 2021) |
Share Market Today LIVE | Why Sandeep Jain is bullish on Menon Bearings
Sandeep Jain of Tradeswift Broking is positive on Menon Bearings citing strong growth potential and attractive valuations. He also says that some correction makes the stock an attractive 'buy' for targets to the tune of Rs 160-170.
Here are a few points about Menon Bearings highlighted by Jain:
- The stock is fundamentally strong and has given a good return
- It offers a good dividend yield
- The company enjoys strong margins with a robust customer base
- Its debt is negligible
- The company has registered CAGR of 31-32 per cent in in profit over the past three years
- It reported a decent set of results in the June quarter after posting a record profit in the previous three months
The stock has rewarded investors with a return of 56 per cent so far in 2023, sharply outperforming an 8.1 per cent gain in the benchmark Sensex index.
Image: BSEIndia.com
Share Market Today LIVE | Buy FACT shares, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets recommends buying Fertilizers and Chemicals Travancore (FACT) shares for a target of Rs 600 with a stop loss at Rs 510.
Gupta's target implies an upside to the tune of 17 per cent in the stock from its previous close.
Share Market Today LIVE | Buy Persistent Systems shares, says Jay A Thakkar
Jay A Thakkar of Sharekhan believes Persistent Systems shares are preparing for a breakout at Rs 5,790-odd levels.
He suggests buying Persistent Systems futures for price targets of Rs 5,900 and Rs 5,970 with a stop loss at Rs 5,620.
Share Market Today LIVE | Financial, oil & gas, auto stocks give Nifty50 a lift
ICICI Bank, Bharti Airtel, HDFC Bank, Infosys, Axis Bank, ITC and Coal India are among the biggest boosts for the 50-scrip gauge.
Image: Niftyindices.com
Share Market Today LIVE | ICICI Bank, Bharti Airtel, HDFC Bank among top contributors to gain in 30-scrip index
Here's a glance at the top movers and shakers in the Sensex basket:
Image: BSEIndia.com
Share Market Today LIVE | Tata Steel shares rise after Fitch upgrades steelmaker's rating with 'stable' outlook
Tata Steel shares edge higher on Tuesday after Fitch upgraded the steelmaker's issuer default rating (IDR) with a 'stable' outlook. The stock of the Tata group company trades at Rs 124.25, up 0.45 or 0.36 per cent. Read more
Share Market Today LIVE | Auto stocks jump after retail sales surge 20% in September; TVS Motor hits record high
Auto stocks gain on Tuesday, October 10, after the Federation of Automobile Dealers Associations (FADA), the apex national body of the automotive retail industry in India, said that automobile retail sales surged over 20 per cent in September. The Nifty Auto, which comprises stocks of companies that operate in the automotive sector, is up 0.78 percent. Read more
Share Market Today LIVE | Mazagon Dock shares soar over 5% after shipbuilder firm signs deal with European client
Shares of Mazagon Dock are soaring higher by 5.42 per cent, or Rs 112.40, at Rs 2,186.10, as the shipbuilder company signed a deal with a European client for the construction of six firm multi-purpose hybrid power vessels. "This is to inform that MDL has signed Letter of Intent (LOD with a European client for the construction of 6 firms and 4 optional units of 7500 DWT multi-purpose hybrid power vessels. The prices for which would be firmed up at the time of signing of contract," Mazagon Dock said in a BSE filing on Monday. Read more
Share Market Today LIVE | Nifty Bank edges higher, up nearly 250 pts
Source: NSE