Share Market HIGHLIGHTS: Nifty ends below 19,550, Sensex settles 307 pts lower; Asian Paints, Kotak Bank, ITC among top blue-chip losers
Share Market HIGHLIGHTS: The equity benchmark indices, S&P BSE Sensex and NSE Nifty, ended in negative territory amid broad-based selling on Thursday (August 10) after the RBI maintained the status quo on the repo rate as well as retained its 'withdrawal of accommodation' stance. At close, the S&P BSE Sensex closed at 65,688.18, down 307.63 points, while the NSE's Nifty settled at 19,543.1, down 89.45 points.
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 equity benchmark indices, S&P BSE Sensex and NSE Nifty, ended in negative territory amid broad-based selling on Thursday (August 10) after the RBI maintained the status quo on the repo rate as well as retained its 'withdrawal of accommodation' stance. At close, the S&P BSE Sensex closed at 65,688.18, down 307.63 points, while the NSE's Nifty settled at 19,543.1, down 89.45 points.
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 | Asian Paints, Kotak Bank, Britannia among the top losers in the Nifty basket
Asian Paints, Kotak Bank, Britannia and ITC are among the top losers in the Nifty basket, down around 3-1 per cent. On the other hand, Adani Enterprises, Adani Ports, IndusInd Bank and Titan are among the top gainers, trading with gains of around 2-1 per cent.
Source: NSE
Share Market Today LIVE | ZEEL-Sony merger deal gets NCLT's approval; stock zooms
The mega-merger deal between Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Network India (SPNI) receives the approval of the National Company Law Tribunal (NCLT) on Thursday, August 10. Notably, the NCLT dismissed all objections related to the deal. Post-announcement, Zee Entertainment shares zooms 15 per cent to trade at Rs 278.55 on the NSE. Read more
Share Market Today LIVE | Granules India slumps 6% on weak Q1 result due to cyber attack impact
Pharmaceutical major Granules India drops over 6 per cent in trade on Thursday after the company reported poor financial numbers for the quarter ending June 30, 2023. Granules India posted a sharp decline in profit and revenue in the June quarter for FY 2023-24 while the numbers also missed street estimates. The company’s Q1FY24 performance was severely affected by a cyber security attack in May which impacted its IT assets and led to disruptions in its operations. Read more
Pidilite Q1 Results | Fevicol maker clocks 31% jump in net profit, meets analysts' estimates
Pidilite Industries — a manufacturer of consumer and industrial specialty chemicals — reports a consolidated net profit of Rs 468 crore for the April-June period, in line with analysts' estimates. The quarterly net profit of the Mumbai-based company — whose popular brands include Fevicol, Dr Fixit and M-Seal — increases 30.7 per cent compared with the corresponding period a year ago. The company's revenue comes in at Rs 3,280 crore for the first quarter of the current financial year, as against Rs 3,101 crore for the year-ago period, according to a regulatory filing. Read more
Source: Official website
Share Market Today LIVE | Senco Gold shares rally up to 4% as pre-IPO lock-in deadline inches closer
Jewellery retailer Senco Gold Ltd shares rally up to 4 per cent to touch a high of Rs 415.7 on BSE on Thursday as the pre-IPO lock-in period for investors is going to end soon. The Kolkata-based jewellery retailer shares trade at Rs 407.85, up by Rs 7.45 or 1.86 per cent on BSE. Read more
Nifty Today LIVE | HDFC Bank, ITC, ICICI Bank among top drags
HDFC Bank, ITC, ICICI Bank and Asian Paints are among the top drags in the Nifty baskets at this hour. On the contrary, RIL, Adani Ports, Adani Enterprises 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 Today LIVE | Tata Power rises nearly 3% after Q1 results; should you buy the stock?
Shares of Tata Power rises as much as 2.87 per cent to Rs 241.65 apiece on the BSE in the early morning trade on Thursday, a day after the company reported an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore for the June quarter (Q1FY24) on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 crore in the quarter under review from Rs 14,638.78 crore a year ago. Read more
Share Market Today LIVE | KRBL shares rise as board discusses dividend, buyback
Rice processing and exporting company KRBL's shares gains as its board was scheduled to meet during the course of the day to consider a final dividend and a share buyback. The company is also slated to report its financial results for the April-June period on Thursday. Shares of KRBL, the world's largest exporter of basmati rice trade at Rs 405, up Rs 6.35 or 1.59 per cent on BSE. Read more
Image source: Official website
Share Market Today LIVE | Rate-sensitive stocks trade mixed ahead of the RBI policy decision
Rate-sensitive stocks are trading mixed ahead of the RBI's monetary policy decision in the early deals on Thursday. The policy will be announced at 10 a.m. today. The Nifty Consumer Durables, auto, bank, and financial services are trading in the red, while the Nifty Realty gives some support to the market.
Rate-sensitive stocks are those stocks that are influenced by changes in interest rates. According to the Zee Business poll, 85 per cent of economists expect the RBI to tweak its forecasts for consumer inflation in the country in the August 10 policy. Read more
Stocks to Buy: Ashok Leyland, PI Industries, ONGC, NTPC among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Vikas Sethi, Sumeet Bagadia and Kunal Saraogi share their top recommendations for the day in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as ONGC, Ashok Leyland, PI Industries, JSW Steel and NTPC. Read more
30 minutes to go! RBI Governor Shaktikanta Das to reveal MPC's decision on key lending rate at 10 am; here's what you can expect
All of the economists polled by Zee Business expect no hike in the repo rate — the key interest rate at which the RBI lends funds to commercial banks — in today's statement.
In fact, none of them expect a rate hike in the next policy review as well.