Share Market HIGHLIGHTS: Sensex settles 610 pts lower, Nifty slips at 19,524; IT, financial stocks decline
Share Market HIGHLIGHTS: The bears made a strong comeback on Dalal Street in the last 30 minutes of the trade on Thursday, September 28, as weak global sentiment compelled investors to sell equities and rush for safe havens. The domestic equity indices erased all their gains and ended with sharp cuts amid weakness in global markets as fear of higher interest rates and surging crude prices weighed. All indices on the sectoral front closed in negative territory. The IT and FMCG counters dragged headline indices the most.
At close, the S&P BSE Index was down 610.37 points, or 0.92 per cent at 65,508.32, and the NSE Nifty was down 192.9 points, or 0.98 per cent, at 19,523.55 levels. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 also settled in negative territory. Nifty Bank was down 0.64 per cent at 44,300.95.
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: The bears made a strong comeback on Dalal Street in the last 30 minutes of the trade on Thursday, September 28, as weak global sentiment compelled investors to sell equities and rush for safe havens. The domestic equity indices erased all their gains and ended with sharp cuts amid weakness in global markets as fear of higher interest rates and surging crude prices weighed. All indices on the sectoral front closed in negative territory. The IT and FMCG counters dragged headline indices the most.
At close, the S&P BSE Index was down 610.37 points, or 0.92 per cent at 65,508.32, and the NSE Nifty was down 192.9 points, or 0.98 per cent, at 19,523.55 levels. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 also settled in negative territory. Nifty Bank was down 0.64 per cent at 44,300.95.
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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Market Comment | Vinod Nair, Head of Research at Geojit Financial Services
"The selling was broad-based, as investors are on alert given the rise of oil prices. If crude continues to stay above the 90 USD level, it will be a threat to inflation and boil the operational margins. Globally, US GDP data and the FED chief speech will be watched carefully, which will set the future trend. Currently, the combination of higher interest rates and US bond yields are influencing FIIs to stay in the selling mode."
Share Market HIGHLIGHTS | Sensex settles 610 pts lower, Nifty slips at 19,524
Nifty 50
Nifty settles at 19,524, down 0.98 per cent.
Source: NSE
Sensex
Sensex settles 610 points lower at 65,508.
Source: BSE
Share Market HIGHLIGHTS | TechM, Asian Paints, LTIMindtree among top losers in Nifty 50
TechM, Asian Paints, LTIMindtree and Divi's are among the top losers, down around 4-2 per cent in the Nifty basket. On the other hand, L&T, Bharti Airtel, ONGC and Axis Bank are among the top gainers, trading with gains of around 2-1 per cent.
Source: NSE
Share Market Today LIVE | L&T shares hit 52-week high after UBS lifts target price by Rs 560
Larsen & Toubro (L&T) shares scale a 52-week high on Thursday after brokerages UBS and Goldman Sachs raised their price targets for the construction major's stock by up to 18 per cent. Both maintained their 'buy' ratings on the stock. L&T shares trade at Rs 3,008.45 apiece, up 1.46 per cent on BSE, trading in high volumes and continuing to rise for the third session in a row. Read more
Share Market Today LIVE | These 33 stocks have given over 100x returns in 20 years
Over the years, investors in some quality names have made money with both hands as the stock prices have given over 100 times returns while going through thick and thin market cycles. According to a recent report by ICICI Securities, 33 stocks have given 100 per cent returns in the last 20 years, and these belong to traditional manufacturing: commodities (chemicals, cement, etc.), building materials, home appliances, capital goods, engineering, discretionary consumption, staples, and the pharma sector. Read more
Share Market Today LIVE | Nifty below 19,550, Sensex trades over 550 pts lower
Nifty 50
Nifty below 19,550, down 0.92 per cent.
Source: NSE
Sensex
Sensex trades over 550 points lower at 65,557.
Source: BSE
Share Market Today LIVE | Nifty Bank edges lower, down 0.34%
Source: NSE
Share Market Today LIVE | L&T, Coal India, other stocks hit 52-week highs
As many as 26 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) |
| BALRAMCHIN | 446.9 | 461.95 | 449.60 (14 Sep 2023) | 724.00 (07 Feb 2005) |
| CHOLAFIN | 1,227.00 | 1,249.50 | 1,239.80 (15 Sep 2023) | 1,760.75 (30 Apr 2018) |
| COALINDIA | 290.7 | 294.15 | 293.30 (27 Sep 2023) | 447.25 (05 Aug 2015) |
| CSBBANK | 341.25 | 346.5 | 341.95 (22 Sep 2023) | 372.95 (05 Jul 2021) |
| DIXON | 5,187.10 | 5,379.85 | 5,298.95 (27 Sep 2023) | 21,500.00 (15 Mar 2021) |
| FEDERALBNK | 147.35 | 151.45 | 151.40 (27 Sep 2023) | 550.75 (02 Jan 2013) |
| FINCABLES | 1,184.50 | 1,219.10 | 1,179.45 (12 Sep 2023) | 1,219.10 (28 Sep 2023) |
| GAEL | 358.6 | 363.7 | 357.35 (27 Sep 2023) | 393.85 (19 Apr 2022) |
| IDFC | 127.9 | 133.75 | 132.00 (05 Sep 2023) | 235.00 (03 Jan 2008) |
| KNRCON | 285.4 | 289.6 | 289.00 (25 Sep 2023) | 819.90 (13 Oct 2016) |
| LT | 3,018.50 | 3,050.70 | 3,008.00 (12 Sep 2023) | 4,670.00 (01 Nov 2007) |
| MAPMYINDIA | 2,025.05 | 2,107.00 | 1,918.95 (27 Sep 2023) | 2,107.00 (28 Sep 2023) |
| MCX | 2,083.20 | 2,103.85 | 1,962.75 (26 Sep 2023) | 2,134.90 (14 Oct 2021) |
| METROBRAND | 1,089.70 | 1,132.80 | 1,127.90 (16 Aug 2023) | 1,132.80 (28 Sep 2023) |
| OIL | 297.1 | 305 | 296.95 (23 Aug 2023) | 1,635.00 (15 Sep 2010) |
| PGHH | 18,187.85 | 18,548.60 | 18,490.00 (27 Sep 2023) | 18,548.60 (28 Sep 2023) |
| PNB | 80.14 | 82.6 | 81.85 (27 Sep 2023) | 1,395.00 (09 Nov 2010) |
| POLYCAB | 5,298.00 | 5,398.15 | 5,375.00 (27 Sep 2023) | 5,398.15 (28 Sep 2023) |
| RECLTD | 281.3 | 285.9 | 285.80 (27 Sep 2023) | 409.50 (11 Oct 2010) |
| SUNTECK | 447.7 | 449.3 | 444.25 (27 Sep 2023) | 2,955.00 (08 Oct 2009) |
| TATAINVEST | 3,468.00 | 3,522.10 | 3,327.80 (27 Sep 2023) | 3,522.10 (28 Sep 2023) |
| THERMAX | 3,104.65 | 3,175.00 | 3,125.55 (27 Sep 2023) | 3,175.00 (28 Sep 2023) |
| TORNTPOWER | 732 | 747 | 745.00 (15 Sep 2023) | 747.00 (28 Sep 2023) |
| TRITURBINE | 441.75 | 456.2 | 454.00 (20 Sep 2023) | 456.20 (28 Sep 2023) |
| TVSMOTOR | 1,527.85 | 1,546.20 | 1,544.75 (27 Sep 2023) | 1,546.20 (28 Sep 2023) |
| UNIONBANK | 102.35 | 104.94 | 104.25 (25 Sep 2023) | 426.80 (27 Oct 2010) |
Share Market Today LIVE | Sensex falls over 400 pts, trades near day's low
Source: NSE
Share Market Today LIVE | Infy, ITC, RIL, Asian Paints among top drags
Infy, ITC, RIL and Asian Paints are among the top drags in both the Sensex and Nifty baskets at this hour. On the contrary, L&T, HDFC Bank, SBI and Axis Bank are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | NBCC shares rise after Navratna announces sale of commercial built-up space in World Trade Centre
NBCC (India) shares edged higher on Thursday, a day after the Navratna company announced the sale of commercial built-up space in World Trade Centre, Nauroji Nagar, New Delhi, through e-auction on October 23, 2023. The area offered for sale is 14.75 lakh square feet, worth Rs 5,716.43 crore. NBCC shares are up 0.43 oper cent at 58.95 on BSE. Read more
Stocks to buy: Havells India, IDBI Bank, Canara Bank among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Kunal Saraogi, Vikas Sethi, Sumeet Bagadia and Dharmesh Kant share their top recommendations for the day in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks are RBL Bank, Oberoi Realty, Havells India and Canara Bank. Read more
Share Market Today LIVE | Dixon Tech stock hits a 52-week high after its subsidiary Padget Electronics ties up with Xiaomi
Shares of Noida-based company Dixon Tech hit a 52-week high of Rs 5,379.85 on Thursday (September 28) a day after the tech firm's wholly owned subsidiary- Padget Electronics- entered into an agreement with Chinese mobile giant Xiaomi for the manufacturing and supply of smartphones and related products. Read more
Share Market Today LIVE | Shalimar Paints rallies over 5% on open offer by Hella Infra Market
Shares of Shalimar Paints gain as much as 5.19 per cent to hit a high of Rs 167 apiece on the BSE, after the company received a copy of the public announcement dated September 27, 2023, "in relation to an open offer from/on behalf of Hella Infra Market Private Limited." Read more