Share Market HIGHLIGHTS: Sensex ends 366 pts lower, falls for 2nd day, Nifty gives up 19,450; SBI Life, UPL, Tata Consumer drop 2%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex slipped for the second consecutive session on Friday (August 11) amid a sell-off in almost all the counters except PSU banks and consumer durable stocks. Both indices settled over 0.50 per cent lower. At close, the S&P BSE Sensex stood at 65,322.65, down 365.53 points, or 0.56 per cent while the NSE's Nifty ended at 19,428.3, down 115 points, or 0.59 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:
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex slipped for the second consecutive session on Friday (August 11) amid a sell-off in almost all the counters except PSU banks and consumer durable stocks. Both indices settled over 0.50 per cent lower. At close, the S&P BSE Sensex stood at 65,322.65, down 365.53 points, or 0.56 per cent while the NSE's Nifty ended at 19,428.3, down 115 points, or 0.59 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:
Latest Updates
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 | Sensex ends 366 pts lower, falls for 2nd day, Nifty gives up 19,450
Nifty 50
Nifty ends at 19,428.3, down by 0.59 per cent on Friday.
Source: NSE
Sensex
Sensex falls for 2nd day, ending 366 points lower at 65,322.65 on Friday.
Source: BSE
Share Market HIGHLIGHTS | IndusInd Bank, SBI Life, UPL emerge as top losers in 50-scrip blue-chip basket
IndusInd Bank, SBI Life, UPL and Tata Consumer Products are among the top losers, down nearly 2 per cent. On the other hand, HCL Tech, PowerGrid, Titan and Tata Steel are among the top gainers in the Nifty basket, trading with gains of up to 3 per cent.
Source: NSE
ITC Q1 Results Preview | Cigarette volumes may see up to 8% growth; all eyes on hotel business demerger update
ITC, the diversified conglomerate, is expected to report a 5 per cent year-on-year (YoY) decline in its standalone revenue at Rs 16,443 crore for the quarter ended June 2023 (Q1FY24), according to Zee Business Research. The company had posted revenue of Rs 17,290 crore in the year-ago period.
Its EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is expected to rise 9 per cent YoY to Rs 6,158 crore against Rs 5,648 crore logged in the year-ago period. Ebitda margins are seen at 37 per cent against 33 per cent registered in the year-ago period. Net profit, or profit after tax (PAT), is expected to rise 12 per cent YoY to Rs 4,681 crore against Rs 4,169 crore logged in the year-ago period. Read more
HAL Q1 results: Net profit jumps 31% to Rs 814 crore; shares slip into the red
State-run aerospace and defence company Hindustan Aeronautics Ltd (HAL) reports a weak set of quarterly results. The company reported a 31.3 per cent year-on-year jump in consolidated net profit to Rs 814.2 crore for the quarter ended June 30. HAL's revenue from operation, however, stands at Rs 3,915.4 crore for the first quarter of the current financial year as against Rs 3,622.46 crore for the corresponding period a year ago.HAL shares slipped into the red briefly after the earnings announcement. Read more
Share Market Today LIVE | GMM Pfaudler shares zoom over 13% after Q1 earnings, management's positive commentary
GMM Pfaudler share price, GMM Pfaudler results: Shares of GMM Pfaudler zoom over 13 per cent after the manufacturer of engineering equipment and glass-lined equipment reported a PAT of Rs 54.93 crore for Q1 FY24 (June 2023 quarter), a jump of 23 per cent from Rs 44.51 crore logged a year ago. Besides, the stock also got a boost from management's positive commentary.
The company's total revenue from operations came in at Rs 912.27 crore, against Rs 739.24 crore logged last year on the back of strong execution. In addition, the company's EBITA margins stood at 14.5 per cent, 125 basis points higher year-over-year (YoY). Post the Q1 announcement, the company’s MD, Tarak Patel, said that the company remains on track to meet its FY25 guidance. Read more
Image source: Official website
Share Market Tips LIVE | Buy Varun Beverages, Jubilant FoodWorks, says Osho Krishan
Osho Krishan of Angel One shares two technical picks:
- Buy Varun Beverages shares for a short-term target of Rs 890-894 with a stop loss at Rs 808
- Buy Jubilant FoodWorks at Rs 499-500-odd levels for a target of Rs 520-524 with a stop loss at Rs 488
Share Market Tips LIVE | Buy GMDC shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying GMDC shares for a target price of Rs 185 with a stop loss at Rs 170. GMDC is a fundamentally strong zero-debt company with strong growth prospects, he says.
Share Market Today LIVE | Ashok Leyland, Coforge, Crisil, other stocks hit 52-week highs
As many as 31 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) |
| 3MINDIA | 29,171.85 | 29,196.90 | 29,150.00 (14 Jul 2023) | 30,975.00 (01 Apr 2021) |
| AIAENG | 3,607.00 | 3,644.95 | 3,641.00 (09 Aug 2023) | 3,644.95 (11 Aug 2023) |
| APARINDS | 4,065.00 | 4,088.15 | 4,065.10 (10 Aug 2023) | 4,088.15 (11 Aug 2023) |
| ASHOKLEY | 187.05 | 191 | 189.60 (10 Aug 2023) | 310.50 (14 Jan 2004) |
| BHARATFORG | 975.9 | 983.35 | 977.60 (10 Aug 2023) | 1,669.70 (27 Jun 2005) |
| COFORGE | 5,258.30 | 5,283.80 | 5,225.00 (10 Aug 2023) | 6,133.00 (04 Jan 2022) |
| COROMANDEL | 1,064.40 | 1,094.85 | 1,094.40 (01 Sep 2022) | 1,094.85 (11 Aug 2023) |
| CRISIL | 3,928.75 | 4,030.75 | 4,028.30 (12 Jun 2023) | 9,031.95 (27 Jul 2011) |
| EXIDEIND | 270 | 271.65 | 267.40 (10 Aug 2023) | 388.45 (07 Sep 2006) |
| FIVESTAR | 816.65 | 875.35 | 866.95 (31 Jul 2023) | 875.35 (11 Aug 2023) |
| GMRINFRA | 54.65 | 54.7 | 54.50 (10 Aug 2023) | 1,005.00 (13 Jul 2007) |
| HDFCAMC | 2,560.95 | 2,638.65 | 2,597.00 (10 Aug 2023) | 3,844.00 (22 Nov 2019) |
| HINDCOPPER | 158.95 | 159.85 | 157.30 (04 Aug 2023) | 656.95 (20 Jan 2010) |
| JINDALSTEL | 690.9 | 692.9 | 682.00 (10 Aug 2023) | 16,780.00 (04 Jan 2008) |
| JSL | 413.45 | 421.15 | 415.10 (10 Aug 2023) | 569.85 (15 Jan 2004) |
| JUBLPHARMA | 454.35 | 470 | 469.60 (10 Aug 2023) | 1,345.00 (11 Mar 2004) |
| KALYANKJIL | 199.3 | 204.95 | 188.95 (09 Aug 2023) | 204.95 (11 Aug 2023) |
| KPIL | 642 | 654.5 | 650.15 (27 Jul 2023) | 2,119.95 (05 Apr 2006) |
| MAHABANK | 37.69 | 38.8 | 37.65 (09 Aug 2023) | 96.50 (07 Jan 2008) |
| MANAPPURAM | 148.25 | 149.5 | 147.50 (10 Aug 2023) | 839.90 (21 Apr 2010) |
| MAPMYINDIA | 1,677.00 | 1,698.45 | 1,643.20 (07 Aug 2023) | 1,918.35 (17 Jan 2022) |
| MOTHERSON | 98.06 | 102.85 | 100.80 (28 Jul 2023) | 540.25 (20 Jul 2015) |
| MOTILALOFS | 909 | 914.5 | 892.50 (10 Aug 2023) | 2,270.00 (04 Jan 2008) |
| NBCC | 49.05 | 51.2 | 49.62 (08 Aug 2023) | 1,214.50 (06 Aug 2015) |
| NCC | 156.5 | 162 | 160.85 (31 Jul 2023) | 1,174.90 (22 Aug 2005) |
| RAYMOND | 1,989.35 | 2,021.95 | 1,982.00 (10 Aug 2023) | 2,021.95 (11 Aug 2023) |
| RECLTD | 224.15 | 230.7 | 220.55 (08 Aug 2023) | 409.50 (11 Oct 2010) |
| SHYAMMETL | 469.65 | 479.8 | 464.50 (09 Aug 2023) | 479.80 (11 Aug 2023) |
| SUPREMEIND | 4,066.60 | 4,480.00 | 3,878.45 (08 Aug 2023) | 4,480.00 (11 Aug 2023) |
| SUZLON | 19.95 | 21.25 | 20.80 (25 Jul 2023) | 2,300.00 (09 Jan 2008) |
| WELSPUNIND | 118.75 | 120.85 | 120.00 (10 Aug 2023) | 1,007.15 (14 Mar 2016) |
Share Market Tips LIVE | Buy HAL shares for short-term target of Rs 3,900-4,000, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking is bullish on HAL shares, which, he believes, have support at Rs 3,725-3,750 and appear to be headed to a target of Rs 4,200.
One can buy at the support level while existing investors can hold on to the stock for a short-term target of Rs 3,900-4,000, he says.
BEML Q1 Results | Net loss at Rs 75 crore vs net loss of Rs 82 crore a year ago
BEML shares slipped into the red minutes after the state-run earth moving equipment maker announces its quarterly financial results. The company's consolidated net loss stands at Rs 75 crore for the quarter ended June 30 as against a net loss of Rs 82 crore for the corresponding period a year ago, and its revenue comes in at Rs 577 crore as against Rs 669 crore a year ago, according to a regulatory filing.
BEML shares decline by as much as Rs 65 or 3.3 per cent to Rs 1,918.5 apiece on BSE.
Image: BSE
Sensex LIVE | HDFC Bank, ICICI Bank, ITC, Infosys, HUL weigh on 30-scrip index
On the other hand, gains in stocks such as HCL Tech and Titan lent some support.
Image: BSE
Share Market Today LIVE | CONCOR reports lower-than-expected Q1 results, stock down 4%
Shares of Container Corporation of India (NSE: CONCOR), a state-owned logistic solution provider, falls as much as 4 per cent in the morning deals. The stock experiences a free fall after the company posted below-than-estimated June quarter (Q1FY24) numbers. CONCOR shares have lost nearly 5 per cent in the three trading sessions. The market capitalisation of the company stood at Rs 41,325.39 crore. Read more
Share Market Today LIVE | ONGC shares retreat from 52-week high ahead of Q1 results today
State-run oil and gas explorer ONGC's shares are under pressure on Friday, retreating from a 52-week high touched the previous day, as investors awaited the company's financial results for the April-June period due later in the day. The ONGC stock declines by as much as Rs 1.9 or one per cent to Rs 176.8 apiece on BSE.
What to expect in ONGC's Q1 earnings report
According to Zee Business research, ONGC is likely to report a net profit of Rs 10,045 crore for the first quarter of the current financial year, as against a net loss of Rs 247 crore for the previous three months owing to an exceptional loss of Rs 9,235 crore. The company's net profit before exceptional items and taxes stood at Rs 8,256 crore for the quarter ended March 31, 2023. Read more
Dividend Stocks | Bharti Airtel, BPCL, Divi's, NTPC, Federal Bank among 17 shares to trade ex-date today
A total of 17 stocks will trade ex-dividend on Friday, August 11, according to the NSE website. The list includes Bharat Petroleum, Divi's, NTPC, JK Lakshmi Cement, Federal Bank, Bharti Airtel, Grasim and other stocks.
CCL Products dividend 2023
CCL Products (India) has announced a dividend of Rs 2.5 per equity share with a face value of Rs 2. The record date is also August 11.
Divi's dividend 2023 record date
Divi's Laboratories has announced a dividend of Rs 30 per equity share with a face value of Rs 2. The record date is also August 11.
NTPC dividend 2023 record date
NTPC has announced a dividend of Rs 3 per equity share with a face value of Rs 10. The record date is also August 11.
Bharti Airtel dividend 2023 record date
Bharti Airtel has announced a dividend of Rs 4 per equity share with a face value of Rs 5. The record date is also August 11.
Grasim dividend 2023
Grasim Industries has announced a dividend of Rs 10 per equity share with a face value of Rs 2.
The Federal Bank dividend
The Federal Bank has announced a dividend of Re 1 per equity share with a face value of Rs 2. Read more