Share Market HIGHLIGHTS: Sensex, Nifty extend gains to 4th day in a row; Nifty Bank at fresh record closing high
Share Market HIGHLIGHTS: At close, the S&P BSE Sensex ended at 62,969.13, up 123 points, or 0.20 per cent while the NSEs Nifty ended at 18,634, up 35 points, or 0.19 per cent. Catch minute-by-minute updates of all the action in the Indian share market on May 30, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations, and much more, only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: The benchmark indices ended in positive territory on May 30, Tuesday. At close, the S&P BSE Sensex ended at 62,969.13, up 123 points, or 0.20 per cent while the NSE's Nifty ended at 18,634, up 35 points, or 0.19 per cent.
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, Nifty extend gains to 4th day in a row
Nifty 50
The NSE's Nifty ended at 18,634, up 35 points, or 0.19 per cent.
Source: NSE
Sensex
At close, the S&P BSE Sensex ended at 62,969.13, up 123 points, or 0.20 per cent.
Source: BSE
Share Market HIGHLIGHTS | ITC, HDFC Life, Bajaj Finserv among the top gainers in the Nifty basket
ITC, HDFC Life, Bajaj Finserv and Kotak Bank are among the top gainers in the Nifty basket, trading with gains of around 2-1 per cent. On the other hand, Hindalco, Adani Enterprises, Tata Steel and Tech Mahindra are among the top losers, down around 2-1 per cent.
Source: NSE
Share Market Today LIVE | Sensex, Nifty on track to close higher for fourth session in a row
Both headline indices are holding on to the green, with a gain of 0.2 per cent each, 30 minutes before the closing bell. The Sensex is up 120.6 points at 62,966.9 and the Nifty at 18,635.1, up 36.4 points from its previous close.
Share Market Today LIVE | Aurobindo Pharma shares zoom 6%
Aurobindo Pharma Ltd, NSE: AUROPHARMA shares are up 6 per cent at Rs 647.9 or Rs 36.6, days after the pharma company announced its Q4 results.
Should you buy, sell or hold?
Goldman Sachs has maintained a buy call on Aurobindo Pharma and has raised its target price to Rs 680 from Rs 610. "Strong commentary hints near term tailwinds," the brokerage in its report said. Moreover, Citi has maintained a buy call with a target price of Rs 660.
Titan, UltraTech among 25 BSE 500 stocks to clock 52-week highs
Here's the full list of the stock having reached the milestone today:
Stock CMP 52-week high ABB 4,036.7 4,058 AIAENG 3,008.5 3,020 AUROPHARMA 645.9 655 CCL 620.4 628 CUMMINSIND 1,750.1 1,774 EQUITASBNK 87.8 89.4 GSPL 303.5 304.5 IDFC 98.7 99.2 IDFCFIRSTB 71.5 71.9 INDIGO 2,370.6 2,412 IOC 90.4 91 JKCEMENT 3,173.6 3,288.9 KAJARIACER 1,290.6 1,304 L&TFH 104.2 104.6 LUPIN 802.8 813.3 METROBRAND 975 990.9 NBCC 42.7 44.2 PFC 180.2 181 RAMCOCEM 912.3 917.9 SONATSOFTW 979.2 990 SUNDRMFAST 1,090.3 1,099 SUPREMEIND 2,849.7 2,877 TITAN 2,814.5 2,840.6 ULTRACEMCO 7,911.5 7,973 Share Market Tips LIVE | Buy HLE Glascoat, shares, says Vikas Sethi
In conversation with Zee Business Managing Editor Anil Singhvi, Vikas Sethi of Sethi Finmart shares two stock picks:
- Buy HLE Glascoat shares for a target of Rs 650 with a stop loss at Rs 590
- Buy Rolex Rings shares for a target of Rs 1,960 with a stop loss at Rs 1,870
Titan shares give up most of day's gains, off 52-week high
The Tata group company's stock is left with a gain of 0.1 per cent at Rs 2,812.5 apiece on BSE.
Earlier in the day, Titan shares crossed Rs 2,820.1 to scale a fresh 52-week high of Rs 2,840.6 apiece on the bourse.
Mawana Sugars Q4 Results | PAT rises to Rs 52 crore from Rs 31 crore a year ago
Mawana Sugars reports Rs 350 crore in consolidated revenue for the quarter ended March 2023, as against Rs 294 crore for the corresponding period a year ago. The company's margin improves to 23.2 per cent from 20.9 per cent a year ago.
The sugar maker's stock jumps as much as seven per cent to Rs 99.4 apiece after the earnings announcement.
Image: BSE
V-Guard Q4 Results | Net profit at Rs 53 crore vs Rs 90 crore a year ago
The company reports consolidated revenue of Rs 1,140 crore, as against Rs 1,059 crore for the corresponding period a year ago.
V-Guard's operating profit comes in at Rs 99 crore, marking a decline of 12.4 per cent on a year-on-year basis.
V-Guard shares slip into the red after the earnings announcement. The stock falls as much as 3.1 per cent to Rs 241.4 apiece on BSE, having risen to as high as Rs 254.1 apiece earlier in the day.
Image: BSE
V-Guard board recommends Rs 1.3/share dividend
Share Market Today LIVE | Eureka Forbes, Hikal, AIA Engineering rise most among almost 258 gainers in BSE 500 universe
On the other hand, Jubilant Pharmova, Campus Activewear and RVNL are among the 242 worst-hit laggards.
Source: BSE
Hindalco, Tata Steel, Adani Enterprises weigh on Nifty Metal
Share Market Today LIVE | Stove Kraft shares plunge after Pigeon kitchen appliances maker's Q4 results; here's what's worrying investors
The Stove Kraft stock — trades on bourses under the symbol STOVEKRAFT — and has plunged by as much as Rs 56.05 or 11.22 per cent to Rs 443.4 apiece in intraday trade on NSE. Stove Kraft shares suffered steep losses on Tuesday, a day after the cooking appliances maker reported a weak set of financial results for the quarter ended March 2023.
Source: NSE
Share Market Tips LIVE | Hold UPL shares for targets up to Rs 800, says Nilesh Jain
Nilesh Jain of Centrum Broking suggests holding on to UPL shares for targets of Rs 740, Rs 760 and Rs 800 with a stop loss at Rs 640.
Nifty holds on to green; ITC, HCL Tech, RIL among top index movers
Selling pressure in stocks such as HDFC, L&T, Sun Pharma and TCS continued to put pressure on the index.
Here's a look at the heatmap:
Image: Niftyindices.com
Share Market Today LIVE | IRCTC shares trade flat after Indian Railways ticketing arm stages mixed Q4 performance, announces dividend
Indian Railway Catering and Tourism Corporation (IRCTC) shares trade flat on Tuesday, a day after the company reported a mixed set of financial results or the quarter ended March 2023. The counter quotes Rs 648.05, up 0.36 per cent or Rs 2.3.
IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains. Read more
Share Market Today LIVE | IRCTC, Titan, Bharat Forge among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Avinash Gorakshakar and Sandeep Wagle share their top recommendations for the day in this special segment, Pick of the Day. Read more
Share Market Today LIVE | IPCA Lab stock trades flat post-Q4 announcement
Shares of Ipca Laboratories edges lower on May 30, Tuesday, a day after the pharmaceutical company based in Mumbai reported its Q4 earnings. The stock quotes Rs 688.4, down by 0.10 per cent or Rs 0.7. The stock opened at Rs 690, down from its Monday's close of Rs 689.1 on the NSE. Read more
Go First cancels all flights till June 4 citing operational reasons
Read more on this big storyRBI Governor flags innovative ways to conceal real status of stressed loans at some banks: Key takeaways
RBI Governor Shaktikanta Das said on Monday that the central bank has come across instances of some lenders trying to conceal the real status of their stressed assets.
Share Market LIVE Updates: Sobha shares rise on strong Q4
India's leading real estate company Sobha Limited share price was in demand during Tuesday’s trading session on the back of strong March quarter earnings for the fiscal year 2022-23 (Q4FY23).
The stock snapped a four-day declining trend and jumped more than 9 per cent to touch a day’s high level of Rs 554.90 per share on the BSE today. Read More
Share Market LIVE Updates: Sensex, Nifty open flat
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Rupee inches lower to 82.68 vs US dollar
The rupee begins the day at 82.68 against the US dollar, a decline of five paise compared with its previous close.
Share Market LIVE Updates: Anil Singhvi Strategy
Zee Business Managing Editor Anil Singhvi sees support for the Nifty50 benchmark emerging at 18,500-18,575 levels on Tuesday, May 30. He sees a strong buy zone in the 50-scrip blue-chip index at 18,400-18,450 levels. For the Nifty Bank, he sees support at 44,025-44,150 levels and a strong buy zone at 43,850-43,950 levels. Read More
Share Market LIVE Updates: Stocks in news
Oil India, IRCTC, Adani Ports, Torrent Pharma, and Apollo Hospitals among other stocks are in focus today on the back of their corporate earnings released/expectations and on the corporate action. Read More
Share Market LIVE Updates: Global Markets Update
The US stock markets were shut on Monday on account of Memorial Day, while Asian stocks were mixed with Japan's Nikkei snapped gaining momentum in the early morning session today.
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