Share Market HIGHLIGHTS: Sensex, Nifty off record peaks as bulls take a breather after 4-day winning run; Bajaj twins drop 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session in the red on Tuesday, as losses in IT and financial shares outweighed gains in auto stocks, putting an end to a four-day winning streak that helped both scale a series of unprecedented levels. Globally, stocks retreated from recent milestones as pledges by China transform its economy amid stuttering growth failed to impress investors ahead of key data from the US and the Eurozone due this week.
ALSO READ: India to be added to Bloomberg Emerging Market Bond Index in 2025
Meanwhile, here are a bunch of stocks that made headlines:
- How brokerages view Tata Motors after demerger announcement
- HAL hits all-time high after Zee Business reports L&T, Dynamatic Tech may bag large orders from aeronautics firm
- Exicom Tele-Systems makes a bumper entry into listed space
- IRCTC partners with Swiggy to offer food delivery at railway stations
- Bajaj Auto rises as buyback offer set to open
- Tata Motors PV business to give direct competition to Maruti Suzuki: Analysts
- Capri Global Capital shares zoom as stock trades ex-split, ex-bonus
Catch all the highlights of the March 5 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session in the red on Tuesday, as losses in IT and financial shares outweighed gains in auto stocks, putting an end to a four-day winning streak that helped both scale a series of unprecedented levels. Globally, stocks retreated from recent milestones as pledges by China transform its economy amid stuttering growth failed to impress investors ahead of key data from the US and the Eurozone due this week.
ALSO READ: India to be added to Bloomberg Emerging Market Bond Index in 2025
Meanwhile, here are a bunch of stocks that made headlines:
- How brokerages view Tata Motors after demerger announcement
- HAL hits all-time high after Zee Business reports L&T, Dynamatic Tech may bag large orders from aeronautics firm
- Exicom Tele-Systems makes a bumper entry into listed space
- IRCTC partners with Swiggy to offer food delivery at railway stations
- Bajaj Auto rises as buyback offer set to open
- Tata Motors PV business to give direct competition to Maruti Suzuki: Analysts
- Capri Global Capital shares zoom as stock trades ex-split, ex-bonus
Catch all the highlights of the March 5 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Bajaj twins, Infosys, Nestle India, TCS, SBI Life worst hit among 29 Nifty laggards; Tata Motors, Bharti Airtel, Bajaj Auto, SBI top gainers
Top Nifty losers
| Stock | Mar 5 close | Change (%) |
| BAJAJFINSV | 1,552.00 | -4.16 |
| BAJFINANCE | 6,333.00 | -4.08 |
| INFY | 1,604.00 | -2.03 |
| NESTLEIND | 2,536.50 | -2.03 |
| TCS | 4,010.90 | -1.71 |
| SBILIFE | 1,492.25 | -1.69 |
| LTIM | 5,135.00 | -1.57 |
| WIPRO | 512.95 | -1.45 |
| HCLTECH | 1,617.40 | -1.25 |
| ULTRACEMCO | 9,868.50 | -1.1 |
Top Nifty gainers
| Stock | Mar 5 close | Change (%) |
| TATAMOTORS | 1,022.60 | 3.59 |
| BHARTIARTL | 1,169.00 | 3.13 |
| BAJAJ-AUTO | 8,350.00 | 1.74 |
| SBIN | 784.6 | 1.63 |
| ONGC | 283.45 | 1.52 |
| SUNPHARMA | 1,573.45 | 1.38 |
| COALINDIA | 461 | 1.23 |
| NTPC | 358.2 | 1.23 |
| M&M | 1,942.30 | 1.11 |
| EICHERMOT | 3,792.00 | 1.08 |
Share Market Today: Nifty IT worst hit among NSE's sectoral indices; Nifty PSU Bank top gainer
| Index | Mar 5 close | Change (%) |
| NIFTY IT | 36,720.75 | -1.59 |
| NIFTY MEDIA | 1,989.50 | -1.37 |
| NIFTY FMCG | 53,653.10 | -1.05 |
| NIFTY CONSUMER DURABLES | 32,654.75 | -0.63 |
| NIFTY FINANCIAL SERVICES | 20,854.50 | -0.35 |
| NIFTY METAL | 8,300.55 | -0.22 |
| NIFTY PRIVATE BANK | 23,731.75 | -0.2 |
| NIFTY HEALTHCARE INDEX | 11,873.40 | 0.07 |
| NIFTY BANK | 47,581.00 | 0.26 |
| NIFTY PHARMA | 19,018.50 | 0.31 |
| NIFTY REALTY | 930.35 | 0.31 |
| NIFTY OIL & GAS | 12,034.65 | 0.52 |
| NIFTY AUTO | 21,121.20 | 1.35 |
| NIFTY PSU BANK | 7,321.95 | 2.56 |
Share Market Today: Sensex down 195 pts, Nifty settles at 22,356 as bulls take a breather after four-day winning run
The Sensex ends 195.2 points, or 0.3 per cent, lower at 73,677.1 and the Nifty50 settles at 22,356.3, down 49.3 points, or 0.2 per cent, from its previous close.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Tata Motors demerger | What do brokerages make of it? Is it the right time to invest in the stock?
Tata Motors' board approved the proposal for the demerger of the company into two separate listed companies: A) the commercial vehicle business and its related investments in one entity; and B) the passenger vehicle businesses, including PV, EV, and JLR, and their related investments in another entity on Monday. After the company decided to demerge its business, here's how brokerages have reacted:
Morgan Stanley maintains overweight
Brokerage Morgan Stanley has maintained its overweight call with a target price of Rs 1,013. The brokerage held that the demerger reflects confidence in the PV business being self-sustaining. It also added that the new strategy can help in better value discovery. JLR and India PV will also have synergies in the electric vehicle era, added Morgan Stanley.
HSBC maintains hold
HSBC has maintained a hold call with a target price of Rs 920. Read more
Share Market Tips LIVE | Buy Welspun Corp, Garden Reach shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Welspun Corp shares for a target of Rs 575 with a stop loss at Rs 535. Besides, recommends buying Garden Reach shares for a target of Rs 855 with a stop loss at Rs 810.
Share Market Today LIVE | Capri Global shares zoom 20% as large-cap stock trades ex-split, ex-bonus
Capri Global Capital Ltd (CGCL ) shares skyrocketed on Tuesday, March 5, as the NBFC stock traded both ex-bonus and ex-stock split.
The stock of Mumbai-based Capri Global Capital is locked in the 20 per cent upper circuit at Rs 289.4 and Rs 289.3 apiece on BSE and NSE, respectively. The NBFC stock trade with heavy volumes as about 2.9 lakh shares changed hands in intraday trade so far, sharply higher than a daily average of 14,000 recorded in the past two weeks, according to provisional exchange data.
The company’s market capitalisation stood at Rs 23,873.8 crore, according to BSE.
Capri Global Capital share split and bonus issue ratios
In a regulatory filing dated February 27, the company declared a share split in the ratio of 2:1 (two for one) and a bonus issue in the ratio of 1:1 (one for one). Read more
Nifty Today LIVE | Infosys, Bajaj Finance, TCS, RIL among top drags
Infosys, Bajaj Finance, TCS, RIL and ITC are among the top drags in the Nifty baskets at this hour. On the contrary, Bharti Airtel, Tata Motors, State of Bank and HDFC Bank are the top movers in the Nifty baskets at this hour.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | CLSA on IT sector: Downgrades TCS and HCL Tech; maintains ratings on these IT giants; shares fall
Brokerage CLSA on Monday issued ratings for a number of leading Indian IT companies, downgrading the likes of Tata Consultancy Services (TCS) and HCL Tech, while maintaining ratings for Infosys, Tech Mahindra, LTI Mindtree and Wipro. In this write-up, we will take you through CLSA's ratings on IT companies, its share price targets, and the current stock prices of IT stocks on BSE.
CLSA on TCS
The brokerage has downgraded India's larges IT company to 'sell' from 'underperform' with a share price target of Rs 3925.
CLSA on HCL Tech
CLSA has downgraded the IT firm to 'sell' from 'underperform'. It has given a target price of Rs 1536 for the company's shares.
CLSA on Infosys
The brokerage has maintained an 'outperform' rating on the company, giving a target of Rs 1741.
CLSA on Wipro
CLSA has maintained a 'sell' rating on the IT giant, with a target price of Rs 441. Read more
Share Market Today LIVE | IIFL shares freeze at 20% lower circuit after RBI bans company from sanctioning new gold loans
Shares of IIFL Finance have locked in a 20 per cent lower circuit on the BSE at Rs 478.5 apiece, a day after the Reserve Bank of India (RBI) barred the company from sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.With today's fall, the stock has slipped for the third straight session.
Why did the RBI impose a ban?
The RBI said its inspection of IIFL's financial position has revealed material supervisory concerns in the gold loan portfolio of the company, including serious deviations in assaying and certifying the purity and net weight of the gold at the time of loan sanction and at the time of auction upon default. Read more
Share Market Today LIVE | Will Tata Motors exit Nifty50 and Sensex after demerger?
Tata Motors' mega announcement of demerging its PV and CV businesses into two separate listed entities has led analysts to decode its impact on all the stakeholders. Reacting to the announcement, which was made on Monday (March 4), post-market hours, the stock hit an all-time high of Rs 1,065.6 apiece on BSE on Tuesday.
Conducting a deeper analysis of Tata Motors' demerger impact on equity indices, Nuvama Alternative & Quantitative Research said in a report that Tata Motors is brilliantly utilising its current momentum to embark on the right restructuring path. Read more
Share Market Today LIVE | Suven Pharma shares off two-month high; here is how analysts view Cohance merger
Suven Pharmaceuticals (SUVENPHAR) shares fell on Tuesday, moving further away from a two-month high touched the previous day in an up move following the drug maker's announcement of contract development and manufacturing organisation (CDMO) and merchant API platform provider Cohance Lifesciences with itself. The stock of Suven Pharma weakens by as much as Rs 31.3, or 4.5 per cent, to Rs 666 apiece on BSE, extending losses to a second straight day.
Suven Pharmaceuticals said the merger with Cohance Lifesciences will create significant value for shareholders through best-in-class financial metrics, as it will further strengthen its industry leadership position in the CDMO industry with niche capabilities and scale benefits, provide multiple engines of growth and access to good manufacturing practice-compliant facilities, and aid synergies in terms of yields revenue and cost. Read more
Share Market Today LIVE: Buy Union Bank of India shares, says Shivangi Sarda
Shivangi Sarda of Motilal Oswal Financial Services suggests buying Union Bank of India shares for a target of Rs 161 with a stop loss at Rs 152.
Share Market Today LIVE: HAL hits record high after Zee Business reports L&T, Dynamatic Tech may bag large orders from aeronautics firm
Hindustan Aeronautics Ltd (HAL) shares strengthen by Rs 39.3, or 1.2 per cent, to an all-time high of Rs 3,253.7 apiece on BSE, surpassing an earlier peak of Rs 3,225.3 scaled the previous day. On the other hand, L&T shares are down 0.8 per cent at Rs 3,615.3 apiece, having declined as much as 1.5 per cent to Rs 3,591 apiece in intraday trade so far.
Earlier, Zee Business reported that Larsen & Toubro and Dynamatic Tech may receive large orders from HAL.
Share Market Today LIVE: Strong buying in asset classes other than equity as well with gold, Bitcoin near record highs, says market wizard Anil Singhvi
Zee Business Managing Editor Anil Singhvi points out that besides equities, even other asset classes are enjoying strong buying interest, with gold and Bitcoin near record their respective record highs.
दुनिया भर में सभी Equity Market मजबूत, और कितनी तेजी बाकी?
Gold और Bitcoin जैसे दूसरे Asset Classes में तेजी क्यों?#GoldRate #Bitcoin #StockMarket #Traders #Investors https://t.co/rklXOAsJ9i
— CA Anil Singhvi Zee Business (@AnilSinghvi_) March 5, 2024
Catch more on how the market guru views gold and Bitcoin now