Share Market HIGHLIGHTS: Sensex ends 609 pts lower, Nifty slides to 22,420 as Dalal Street halts five-day winning run
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex fell on Friday, halting a winning streak that lasted five straight sessions, amid selling pressure in financial stocks. Globally, concerns about slower-than-expected growth and sticky inflation in the world's largest economy hurt investor sentiment.
Catch all the highlights of the April 26 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 fell on Friday, halting a winning streak that lasted five straight sessions, amid selling pressure in financial stocks. Globally, concerns about slower-than-expected growth and sticky inflation in the world's largest economy hurt investor sentiment.
Catch all the highlights of the April 26 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:
Latest Updates
Share Market Today: Sensex ends 609 pts lower, Nifty slides to 22,420 as Dalal Street halts five-day winning run
Share Market Today LIVE: Sensex down 609.07 pts at 73,730.37, Nifty at 22,422.60 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex down 89 pts at 73,827
- Nifty down 0.65 pts at 22,422.60
- Nifty Bank down -0.58 pts at 48,212.60
Share Market Today LIVE | Mphasis reports mixed Q4 results; stock rises over 6%; check out what brokerage recommends
Mphasis shares gained over 6 per cent in Friday's (April 26) trade and touched the day's high at Rs 2370.7 apiece on BSE. The buying interest in the stock came after the information technology (IT) company reported mixed Q4FY24 numbers.
At around 10:35 a.m., shares of Mphasis traded 4.3 per cent, or Rs 96, higher at Rs 2329.25 apiece. The market capitalisation of the company at around the same time stood at Rs 44,086.26 crore.
Share Market Today LIVE | Bajaj Finance shares fall 6% despite higher-than-expected Q4 profit: What should investors do?
Bajaj Finance shares will gain focus in Friday's session as the NBFC company on the back of steady demand for loans posted a higher-than-expected 21 per cent increase in Q4 profit. In the three months to March quarter, consolidated profit after tax increased to Rs 3825 crore.
Consolidated numbers incorporate the earnings of the company's subsidiaries, including Bajaj Housing Finance as well as Bajaj Financial Securities.
Share Market Today LIVE | UTI AMC shares climb to new 52-week high as core Q4 PAT jumps 70% on year
Shares of UTI AMC notched fresh 52-week high of Rs 1005.15, gaining as much as 6.11 per cent, over the previous close as the company posted a good Q4.The company's Q4 PAT stood at Rs 163 crore, up 90 per cent on year and down 12 per cent sequentially.
Furthermore, the core profit aŌer tax for the fourth quarter (excluding M2M gains, income from sale of investments and other non‐operating income) was Rs 97 crore, up by 70% YoY and 22% QoQ.
Share Market Today LIVE | Vedanta share price target: Brokerages raise targets on Vedanta stock post-Q4; should you buy now?
Anil Agarwal-led Vedanta shares rose as much as 5.7 per cent to the day's high of Rs 402.95 on NSE, rising for the third session on Friday, April 26 after the Vedanta stock got big target upgrades from global brokerages following the mining conglomerate's Q4 earnings report.
Share Market Today LIVE | SBI shares climb new ATH mirroring new record high scaled on Nifty PSU Bank index
Amid a sharp run-up in the Nifty PSU Bank index of over 7 per cent in the last six sessions, leading its rally to fresh 52-week high, also its record high, SBI shares hit an all-time today of Rs 816.85 per share on the BSE.
Nevertheless, on profit booking, the stock pared some of its early gains and last was trading lower by 0.87 per cent or Rs 7.05 at Rs 805.55 per share.
Nifty Today LIVE | TechM, HDFC Bank, HCL Tech among top movers
TechM, HDFC Bank, HCL Tech and ITC are the top movers in the Nifty baskets at this hour. On the contrary, Bajaj Finance, L&T, State Bank of India and Bajaj Finserv are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Traders' Diary | Buy, sell or hold strategy on Bajaj Finance, HPCL, LIC, Oil India, L&T Tech, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, April 26, 2024. Check out the complete list of stocks on analysts Varun Dubey and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey's
- Buy Andhra Paper shares in the cash segment for a target price of Rs 146 with a stop loss at Rs 138
- Sell Bajaj Finance futures for a target of Rs 7,150 with a stop loss at Rs 7,400
- Buy the Rs 5,150 put option of L&T Technology Services for a target of Rs 220 with a stop loss at Rs 150
- Technical pick: Sell Berger Paints futures for a target price of Rs 490 with a stop loss at Rs 510
- Fundamental pick: Buy Interglobe Aviation (IndiGo) shares for a target of Rs 3,930 with a stop loss at Rs 3,780
- Investment idea: Buy LIC shares for a one-year target of Rs 1,250. Read more
Share Market Today LIVE | Should you buy Nestle India, Zomato, Tech Mahindra, Cyient, Vedanta, other stocks today? Here is what brokerages recommend
Brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JP Morgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Nestle India, Zomato, Tech Mahindra, Cyient and Vedanta:
Bajaj Finance
Morgan Stanley and JPMorgan have maintained an 'overweight' rating on the Bajaj Finance stock with a target of Rs 9,000 and Rs 8,500, respectively.
Four brokerages, CLSA, Jefferies, Citi and HSBC have maintained a 'buy' call on Bajaj Finance shares with a target of Rs 9,200, Rs 9,260, Rs 8,675, Rs 8,000, respectively.
Macquarie has maintained a 'neutral' rating on Bajaj Finance with a target of Rs 8,100.
Tech Mahindra
Both CLSA and Nomura have maintained a 'buy' call on the Tech Mahindra stock with a target of Rs 1,589 and Rs 1,460, respectively. Citi, on the other hand, has maintained a 'sell' call on the stock with a target of Rs 1,095. Read more
Share Market Today LIVE | Nifty Bank trades nearly 150 pts higher
Source: NSE
Share Market Today LIVE | Tech Mahindra stock hits 10% upper circuit after Q4 results
Tech Mahindra shares lock in a 10 per cent upper circuit at Rs 1,309.1 on BSE, a day after the country's sixth largest IT firm by market value, posted its Q4 earnings report. Read more
Share Market Today LIVE | Nifty tops 22,600, Sensex up nearly 100 pts in opening deals
Nifty 50
Source: NSE
Sensex
Source: BSE