Share Market HIGHLIGHTS: Nifty gives up 19,700, Sensex ends volatile session 424 pts off day's high; ITC, Kotak Mahindra Bank fall 4%

Thank you! That's all today on Zeebiz.com's blog on the Indian share market

For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram. 

Share Market HIGHLIGHTS |  Nifty gives up 19,700, Sensex ends volatile day 424 pts off day's high

Nifty 50

Nifty ends at 19,672.35, down by 0.37 per cent. 

Source: NSE

Sensex

Sensex ends a volatile day at 66,384.78, down by 0.45 per cent, 

Source: BSE

Share Market HIGHLIGHTS | ITC, Kotak Bank, Tech Mahindra emerge as top losers; IndusInd Bank, SBI Life, Dr Reddy's rise most in 50-scrip blue-chip basket

ITC, Kotak Bank, Tech Mahindra and RIL are among the top losers, down nearly 4-1 per cent. On the other hand, IndusInd Bank, SBI Life, Dr Reddy's and M&M are among the top gainers in the Nifty basket, trading with gains of around 2-1 per cent.

Source: NSE

Nifty Today LIVE | RIL, ITC, Kotak Bank ICICI Bank among top drags

RIL, ITC, Kotak Bank, ICICI Bank and HUL are among the top drags in the Nifty baskets at this hour. On the contrary, L&T, TCS, HDFC Bank and M&M are the top movers.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Tips LIVE | Buy Control Print shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Control Print shares for a target of Rs 680 with a stop loss at Rs 635.

Share Market Today LIVE | ITC board gives in-principle nod to demerger of hotel business; 10 things to know

ITC's board has given in-principle approval to a proposal to demerge its hotel business. The cigarettes-to-hotels conglomerate said that as part of the scheme, the company will hold about 40 per cent in the new entity and the remaining 60 per cent will be held directly by its shareholders proportionate to their holding in the company.

Here are 10 things to know: 

1. The company said its hotels business has emerged stronger and delivered robust growth and margin expansion in the financial year 2022-23, and is well poised to sustain the growth momentum.

2. “The proposed demerger of the Hotels Business is a testament to the Company’s commitment to creating sustained value for stakeholders. Creation of a hospitality-focused entity will engender the next horizon of growth and value creation by harnessing the exciting opportunities in the Indian hospitality industry," said Sanjiv Puri, Chairman, ITC. Read more 

Asian Paints Q1 results preview | Net profit likely to jump 29% to Rs 1,336 crore, margin may improve by 300 bps

Asian Paints is all set to report its financial results for the April-June period on Tuesday, July 25. Analysts expect the paints major to stage a strong performance driven by robust demand and volume growth in its core decorative segment. 

According to Zee Business research, Asian Paints is estimated to report a consolidated net profit of Rs 1,336 crore for the first quarter of the current financial year, translating to a 29 per cent increase compared with the corresponding period a year ago. The analysts estimate its revenue to grow 8.5 per cent on a year-on-year basis to Rs 9,340 crore. Read more 

Image source: Pixabay/ Representational image 

PNB Housing Q1 FY24 Results | Net profit surges 48% YoY to Rs 347 crore; revenue rises 21%  

PNB Housing Finance on Monday reports a 47.8 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 347.32 crore for the quarter ended June 30, 2023 (Q1FY24). The housing finance company had posted a profit of Rs 234.96 crore in the year-ago period. Revenue from operations comes in at Rs 1,707.63 crore, up 21 per cent YoY. Read more

Share Market Today LIVE | Yatharth Hospital IPO to hit Street on July 26: All you need to know

Yatharth Hospital & Trauma Care, which operates and manages private hospitals in the National Capital Region (NCR), is set to launch an initial public offer (IPO) on Wednesday, July 26. The Yatharth Hospital & Trauma Care IPO includes fresh issuance of shares worth up to Rs 490 crore. 

Here are some of the key things to know about the Yatharth Hospital & Trauma Care IPO:  

Issue price & lot size

The super speciality hospital has fixed a price band of Rs 285-300 per share for the IPO. The bidding for anchor investors will open on July 25, and the public issue will conclude on July 28. The IPO comprises fresh issuance of equity shares aggregating up to Rs 490 crore, and an offer for sale (OFS) of up to 65.5 lakh equity shares by promoters Vimla Tyagi, Prem Narayan Tyagi and Neena Tyagi.

Yatharth Hospital IPO listing date

The Yatharth Hospital stock will likely be listed in the secondary market on August 7. The stock will be traded on bourses BSE and NSE.  

Yatharth Hospital IPO allotment date

The basis of the allotment of shares is likely to be finalised on August 2, and the credit of shares in demat accounts of successful bidders on August 4. Other participants will have refunds initiated on August 3. Read more

Share Market Today LIVE | Vedanta shares under pressure after metal major's operationally weak Q1 performance

Vedanta shares face selling pressure on Monday after the mining major reported an operationally weak set of quarterly numbers, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminium. The stock of Vedanta trades at Rs 271.4 apiece on BSE, down by 2.48 per cent on BSE. Read more 

Canara Bank Q1 results | Net profit jumps 75% to Rs 3,530 crore, beats analysts' estimates; stock hits 52-week high

Canara Bank reports a net profit of Rs 3,530 crore for the quarter ended June 2023, as against a net profit of Rs 2,022 crore for the corresponding period a year ago. The state-run lender's shares soared to a 52-week high after the announcement. 

Its net interest income (NII) — or the difference between interest earned and interest paid — comes in at Rs 8,666 crore for the three-month period, according to a regulatory filing. Read more

Share Market Today LIVE | ICICI Bank & L&T hit 52-week highs

ICICI Bank & L&T stocks in the S&P BSE Sensex basket reached the milestone. 

Share Market Today LIVE | Tata Steel slips over 1.5% ahead of Q1 numbers; here's what to expect

Shares of Tata Steel slips as much as 1.54 per cent to hit a low of Rs 114.85 apiece on the BSE on Monday ahead of its June quarter numbers (Q1FY24), due later in the day. The stock trades at Rs 115, down 1.41 per cent on the BSE. 

Analysts at ICICI Securities note in the Q1FY24 preview report that ferrous players look better placed than non-ferrous players considering the improving spot spreads and better traction in the domestic market. Read more 

Stocks To Buy | Zomato, GAIL, Coromandel International, Marico, Piramal Enterprises, VI among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Mehul Kothari, Sandeep Jain and Sumeet Bagadia share their top recommendations in this special segment, Pick of the Week. On the top analysts' 'buy' list are stocks such as Vodafone Idea, Zomato, GAIL, Coromandel International, Marico, CAMS and Piramal Enterprises. Read more 

Share Market Today LIVE | Aarti Drugs to buy back 6,65,000 equity shares; stock hits 52-week high

Shares of Aarti Drugs, the domestic pharmaceutical company, zooms nearly 17 per cent in Monday's trading session and hit a 52-week high of Rs 609 a share on the BSE. The stock rallied after the company's board approved the buyback of 6,65,000 equity shares. The buyback price is set at Rs 900 per equity share. Read more 

Source: BSE