Share Market HIGHLIGHTS: Sensex ends 202 pts lower, extends losses to 2nd day; Nifty slides to 19,310; Hero MotoCorp, TechM, TCS fall 2%
Share Market HIGHLIGHTS: The domestic equity benchmark indices settled lower for the second consecutive day on Friday, August 18, amid weak global cues and heavy selling in IT, pharma, and realty stocks. Inflationary worries from the US and demand concerns from China weighed on investor sentiment. Both indices slipped over 0.25 per cent. S&P BSE Sensex ended down 202.36 points, or 0.31 per cent, at 64,948.66, while the NSE Nifty settled 55.10 points, or 0.28 per cent, at 19,310.15.
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 domestic equity benchmark indices settled lower for the second consecutive day on Friday, August 18, amid weak global cues and heavy selling in IT, pharma, and realty stocks. Inflationary worries from the US and demand concerns from China weighed on investor sentiment. Both indices slipped over 0.25 per cent. S&P BSE Sensex ended down 202.36 points, or 0.31 per cent, at 64,948.66, while the NSE Nifty settled 55.10 points, or 0.28 per cent, at 19,310.15.
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 | Sensex ends 202 pts lower, extends losses to 2nd day; Nifty slides to 19,310
Nifty 50
Nifty settles at 19,310.15, down 0.28 per cent.
Source: NSE
Sensex
Sensex ends 202 points lower at 64,948.66.
Source: BSE
Share Market HIGHLIGHTS | Hero MotoCorp, TechM, TCS among top losers in Nifty basket
Hero MotoCorp, TechM, TCS and Hindalco are among the top losers, down around 2 per cent in the Nifty basket. On the other hand, Adani Enterprises, Adani Ports, Eicher Motors and Maruti Suzuki are among the top gainers, trading with gains of around 4-1 per cent.
Source: NSE
Share Market Tips LIVE | Page Industries drops 4% as stock trades ex-dividend today
Shares of Page Industries trade 840.45 points lower at Rs 40,405.4 on BSE. The counter fell 4 per cent on Friday as the stock turn ex-dividend. The company’s board of directors announced an interim dividend of Rs 75, or 750 per cent, per equity share on August 10, 2023. Read more
Share Market Tips LIVE | Buy EIL shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying EIL shares for a target of Rs 165 with a stop loss at Rs 145.
Share Market Today LIVE | CG Power, Trent hit 52-week highs
As many as six stocks in the BSE 200 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) |
| CGPOWER | 427.4 | 430 | 425.00 (17 Aug 2023) | 3,000.00 (31 Mar 1992) |
| DRREDDY | 5,904.05 | 5,979.65 | 5,916.85 (10 Aug 2023) | 5,979.65 (18 Aug 2023) |
| INDIANB | 405.5 | 414.85 | 411.95 (17 Aug 2023) | 428.00 (17 Nov 2017) |
| RECLTD | 235.1 | 238.8 | 236.05 (17 Aug 2023) | 409.50 (11 Oct 2010) |
| TRENT | 1,983.00 | 2,028.10 | 1,984.80 (17 Aug 2023) | 2,442.40 (07 Sep 2016) |
| UNIONBANK | 94.5 | 96.75 | 96.40 (14 Dec 2022) | 426.80 (27 Oct 2010) |
Share Market Today LIVE | PVR Inox surges 25% in 3 months; CLSA suggests buying the stock, sets TP at Rs 2,015
After a lull, PVR Inox shares have shown an impressive recovery. The stock, which was hammered badly during the COVID-19 pandemic, the period that also saw the merger between PVR and Inox Leisure, has been on a recovery path as life returns to normalcy. A strong content pipeline from Hollywood, Bollywood, and the regional film industry makes the multiplex operator's shares an attractive buy.
PVR Inox shares: What CLSA says
Global brokerage CLSA has maintained a "BUY" rating on the stock with a target price of Rs 2,015. It said the success of the latest Hindi films will likely help address concerns about under-delivery. Read more
Share Market Today LIVE | Emami, CG Power, other stocks hit 52-week highs
As many as 22 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) |
| AMBER | 2,848.00 | 2,985.00 | 2,875.00 (17 Aug 2023) | 4,023.65 (02 May 2022) |
| CGPOWER | 427.45 | 430 | 425.00 (17 Aug 2023) | 3,000.00 (31 Mar 1992) |
| COCHINSHIP | 842.9 | 923 | 904.40 (17 Aug 2023) | 923.00 (18 Aug 2023) |
| CSBBANK | 321.4 | 329.65 | 315.05 (07 Aug 2023) | 372.95 (05 Jul 2021) |
| DRREDDY | 5,907.40 | 5,979.65 | 5,916.85 (10 Aug 2023) | 5,979.65 (18 Aug 2023) |
| EIHOTEL | 219.75 | 223 | 222.75 (21 Jul 2023) | 857.50 (11 Sep 2006) |
| EMAMILTD | 524.35 | 533.55 | 524.95 (26 Sep 2022) | 1,428.00 (10 Jan 2018) |
| ESABINDIA | 5,299.70 | 5,325.10 | 5,218.20 (17 Aug 2023) | 5,325.10 (18 Aug 2023) |
| ESCORTS | 2,853.05 | 2,873.90 | 2,805.00 (17 Aug 2023) | 2,873.90 (18 Aug 2023) |
| HUDCO | 73.2 | 73.85 | 71.75 (17 Aug 2023) | 102.35 (14 Jul 2017) |
| INDIANB | 404.4 | 414.85 | 411.95 (17 Aug 2023) | 428.00 (17 Nov 2017) |
| KAJARIACER | 1,466.75 | 1,522.00 | 1,489.95 (16 Aug 2023) | 1,522.00 (18 Aug 2023) |
| KPRMILL | 679 | 699.95 | 685.00 (23 Jun 2023) | 2,349.60 (09 Sep 2021) |
| LATENTVIEW | 424.95 | 441.15 | 434.70 (17 Aug 2023) | 755.00 (26 Nov 2021) |
| MAHABANK | 38.33 | 39.55 | 39.37 (16 Aug 2023) | 96.50 (07 Jan 2008) |
| MAHSCOOTER | 6,001.75 | 6,011.40 | 5,930.60 (31 Jul 2023) | 6,011.40 (18 Aug 2023) |
| MIDHANI | 388.6 | 403.35 | 398.15 (16 Aug 2023) | 403.35 (18 Aug 2023) |
| MINDACORP | 315.3 | 320.55 | 316.55 (26 Jul 2023) | 320.55 (18 Aug 2023) |
| RECLTD | 235.85 | 238.8 | 236.05 (17 Aug 2023) | 409.50 (11 Oct 2010) |
| TRENT | 1,998.00 | 2,028.10 | 1,984.80 (17 Aug 2023) | 2,442.40 (07 Sep 2016) |
| TV18BRDCST | 44.5 | 45.8 | 45.40 (16 Aug 2023) | 1,264.90 (07 Jan 2008) |
| UNIONBANK | 93.25 | 96.75 | 96.40 (14 Dec 2022) | 426.80 (27 Oct 2010) |
Share Market Tips LIVE | Coal India shares slip 2%; stock trades ex-dividend today
Shares of Coal India edge lower as the coal major traded ex-dividend today. The central public sector undertaking (CPSU) announced a final dividend of Rs 4 per equity share. i.e., a 40 per cent payout for the financial year 2022–23, subject to the approval of the members in the forthcoming Annual General Meeting (AGM) of the company. Besides, August 18 is also the fixed record date for the purpose of ascertaining the eligibility of members for payment of the final dividend.
Coal India dividend payment 2023
As per Coal India's communiqué, the final dividend, if approved at the forthcoming AGM, will be paid to the eligible members within the stipulated period of 30 days from the date of the AGM. Read more
Share Market Today LIVE | Finolex Cables stock rallies over 6% after Jefferies raises target price
Shares of Finolex Cables, an electrical and telecommunications cable manufacturer, rise after Jefferies raised its target price by nearly 24 per cent on the counter. The stock climbs over 6 per cent and touched the intra-day high of Rs 1,097.65 apiece on the BSE.
Global brokerage Jefferies has maintained a 'buy' call on Finolex Cables and raised its target price to Rs 1,270 apiece from Rs 1,025 apiece earlier. According to the brokerage, the company is a beneficiary of housing and capital expenditure in India, and its communication segment is likely to benefit from the 5G rollout. Read more
Nifty Today LIVE | Infy, TCS, RIL among top drags in Nifty
Infy, TCS, RIL and HDFC Bank are among the top drags in the Nifty baskets at this hour. On the contrary, Adani Enterprises, Adani Ports, L&T 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 | Cochin Shipyard, Dr Reddy's, other stocks hit all-time highs
As many as seven 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) |
| DRREDDY | 5,911.15 | 5,979.65 | 5,916.85 (10 Aug 2023) | 5,979.65 (18 Aug 2023) |
| ESABINDIA | 5,246.85 | 5,325.10 | 5,218.20 (17 Aug 2023) | 5,325.10 (18 Aug 2023) |
| ESCORTS | 2,862.45 | 2,873.90 | 2,805.00 (17 Aug 2023) | 2,873.90 (18 Aug 2023) |
| KAJARIACER | 1,499.70 | 1,522.00 | 1,489.95 (16 Aug 2023) | 1,522.00 (18 Aug 2023) |
| MAHSCOOTER | 5,945.70 | 5,968.30 | 5,930.60 (31 Jul 2023) | 5,968.30 (18 Aug 2023) |
| MIDHANI | 396.2 | 403.35 | 398.15 (16 Aug 2023) | 403.35 (18 Aug 2023) |
| MINDACORP | 317.85 | 320.55 | 316.55 (26 Jul 2023) | 320.55 (18 Aug 2023) |
Share Market Today LIVE | ITC Hotels demerger approved; check shares listing timeline, entitlement ratio and other details
The board of ITC has approved the demerger of the hotel business into a new entity - ITC Hotels Limited. Once demerged, the new company will be listed on BSE Limited and the National Stock Exchange of India separately. The Board of Directors of the Company has approved the scheme of demerger in a meeting held on Monday, the company said in an exchange filing. Talking about the rationale behind the decision, the company said that the Hotels Business of ITC has matured over the years and is well poised to chart its own growth path.
ITC Hotels Demerger Ratio
The company said that as part of the demerger, for every 10 ordinary shares of ITC Limited having a face value of Re 1, one equity share of ITC Hotels Limited bearing a face value of Re 1 will be issued. Read more
Source: BSE
Share Market Today LIVE | South Indian Bank jumps 11% in trade; stock hovers around 52-week high levels
Shares of South Indian Bank jumps as much as 11.14 per cent to Rs 23.45 apiece on the BSE on Friday, a day after the lender, in its regulatory filing, said that the Reserve Bank of India (RBI) has approved the appointment of PR Seshadri as MD & CEO of South Indian Bank, with effect from October 1. The bank said Seshadri has been appointed for a period of three years. The scrip trades at Rs 23.05, up 9.35 per cent on BSE. Read more
Here's how the scrip has moved so far:
Source: BSE
Stocks to Buy | Tata Consumer, United Spirits, Natco Pharma among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Siddharth Sedani, Rajesh Palviya and Sumeet Bagadia 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 Tata Consumer Products, United Spirits and Natco Pharma. Read more