Stock Market HIGHLIGHTS: Sensex crashes 900 points on weak global cues, Nifty closes below 17000; Indices fall for 3rd day
Stock Market HIGHLIGHTS: Sensex crashes 900 points on weak global cues, Nifty closes below 17000; Indices fall for 3rd day
Stock Market, Sensex, Nifty50 Highlights: Indian benchmark indices BSE Sensex and NSE Nifty 50 ended in deep red in fag-end trade on Thursday. While the 30-share BSE benchmark declined 884 points or 1.46 per cent to end at 57,147 the broader NSE Nifty fell 257 points or or 1.49 per cent to close below the mark of 17,000. During the day, it tanked 940.71 points or 1.62 per cent to 57,050.40.
In the 30-share Sensex pack, IndusInd Bank, Tata Steel, Titan, NTPC were the major laggards. On the other hand, Asian Paints and Axis Bank were among the only gainers in the benchmark index. Stock exchanges in Europe were trading in the negative territory in mid-session deals. The US markets had ended lower on Monday.
Latest Updates
All sectoral indices end in red as Nifty ends below 17,000
IndusInd, Tata, Titan among top loser as BSE crashes around 900 points
Shares of Asian computer chipmaker slump after US curbs on China
Shares in major Asian computer chipmakers slumped on Tuesday after the US announced tough new measures to restrict sales of technology to China. The US said it will ban American firms from selling certain chips used for supercomputers and artificial intelligence to Chinese firms, BBC reported.
TCS - HSIE Results Daily gives buy call
As TCS posted higher sequential revenue growth (in line in USD terms) and better margins in Q2 FY23, brokerage firm HSIE Results Daily has given a buy call with a target price of Rs 3,660.
India Cements slumps 6%
India Cements stock dropped on Tuesday as investors were unimpressed by the company's decision to sell a non-core asset. READ MORE
Mehul kothari
BUY NIFTY 17200 Call Option AT 100 Stop Loss 60 TGT 170
BUY IRCTC FUT 737 Stop Loss - Rs 717, Target - Rs 775Vikas Salunkhe
Nifty buy Target - Rs 17340 Stop Loss - Rs 17070
Banknifty buy Target - Rs 39500, Stop Loss - Rs 38600
HdfC amc buy Target - Rs 2070 Stop Loss - Rs 1910(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Brokerage Call On TCS
CLSA on TCS
Outperforming ratings, Target - Rs 3450Citi on TCS
Sell - Target Rs 2900Jefferies on TCS
Hold - Target Rs 3180Credit Suisse on TCS
Neutral ratings - Rs 3300:Morgan Stanley on TCS
Equal weight ratings - Target Rs 3000Nomura on TCS
Reduce ratings - Target Rs 2620HSBC on TCS
Hold - Target Rs 3330JP Morgan on TCS
Under weight ratings - Target Rs 2900Macquarie on TCS
Outperform ratings - Target Rs 4150Top Nifty Losers
Divis Lab, Dr Reddy, ONGC, JSW SteelTop F&O Losers
Oberoi Realty, GAIL, IB Housing, United SpiritsOther Losers
Mazagon Dock, JK Paper, Varun Beverages, RitesIn News
TCS / Infosys
India Cement, Auto Axles, Panacea Biotech, Ashiana HousingTop Gainers
Asian Paints, Axis bank , Astral Ltd, Bata IndiaOther Gainers
Mawana Sugar, Liberty shoes, Glenmark Life, Everest IndMindTree and L&T Technology among top gainers
In the IT software services pack, MindTree and L&T Technology Services are among the top gainers. They are up by 1.22 per cent and 0.91 per cent respectively.
Indian markets will outperform global market, says Dinshaw Irani
Dinshaw Irani, chief investment officer of Helios India, said that Indian markets would outperform global markets. According to Irani, if the correction continues in the global markets, the Indian markets will not remain neutral for long. He is of the view that the United States will go into recession for a short period.
Infosys share buy-back price (likely)
Nifty50 PUT Option
TCS after Q2 result: Should you buy, sell or hold? Check price target
Tata Consultancy Services (TCS) shares gained marginally on Tuesday, a day after the country's largest software exporter reported better-than-expected growth of 8 per cent in net income during the second quarter. READ MORE
Major sectoral indices, including Nifty Bank and Nifty FMCG, open in red
Wipro, HCL among top gainers at NSE
Top gainers and losers at BSE in opening trade
NSE gains 15 points in pre-open session
BSE gains 13 points in pre-open session
India Cements - Expert gives BUY call
Zee Business panellist Sumit said that the support is at Rs 250/255. Once it crosses Rs 282, the target of Rs 300 is achievable. Buy on dips.
ITC Block Deal
Zee Business panellist Mudit: ITC - Trend- Positive, Buy on dips. Stop Loss Rs 315. Price Target Rs 335/340.
Infosys board to decide on share buyback on Thursday
IT major Infosys Ltd on Monday said its board would decide on a proposal for share buyback in its meeting to be held on Thursday.
FIIs offloaded shares worth Rs 2,139 crore
Foreign institutional investors offloaded shares worth a net Rs 2,139.02 crore on Monday, according to data available with BSE.
TCS Q2 net up 8.4% to Rs 10,431 crore
Largest IT services exporter TCS on Monday reported an 8.4 per cent growth in its September quarter net profit at Rs 10,431 crore, crimped by a dent on margins.The Tata group company, however, said the operating environment is "challenging" and warrants "vigilance", even though the headwinds posed by factors like recession in its biggest market US, rising inflation around the world and currency volatilities are yet to materialise into its order pipeline.
SGX Nifty signals a muted start
Nifty futures on the Singapore Exchange traded 6 points lower at around 17,160, signaling that Dalal Street was headed for a muted start on Tuesday.
India Cements divests entire stake in SMPL to JSW Cement for Rs 477 crore
India Cements Ltd on has said it has entered into a pact to sell its entire stake in Springway Mining Private Limited (SMPL) to JSW Cement for a total consideration of Rs 476.87 crore.
Nasdaq registers lowest close since July 2020
US stocks fell on Monday, with the Nasdaq posting its lowest close since July 2020, as investors worried about the impact of higher interest rates and pulled out of chipmakers after the United States announced restrictions aimed at hobbling China's semiconductor industry.
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