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. 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.coms 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: NSESensex
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
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 | 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
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
Currency Update | Rupee rises 7 paise to 83.02 against US dollar
The rupee recovers from its all-time low levels and appreciates by seven paise to 83.02 against the US dollar in early trade on Friday as the American currency retracted from its elevated levels.
Share Market Today LIVE | IRCTC shares trade ex-dividend today; stock edges higher
Shares of Indian Railway Catering and Tourism Corporation Limited (NSE: IRCTC) trade ex-dividend today, August 18. IRCTC, which is a wholly-owned subsidiary of the Indian Railways under the Ministry of Railways, had recommended a final dividend of Rs 2 per equity share with a face value of Rs 2 each for the financial year 2022–23. IRCTC stock trades at Rs 651.45 apiece, up by Rs 4.35 or 0.67 per cent on NSE. Read more
Image: Pixabay/ Representational image Share Market Today LIVE | Concord Biotech makes a strong debut on Dalal Street; shares list at 21.5% premium over issue price
Concord Biotech — an Ahmedabad-based research and development-driven biopharmaceuticals company — makes a strong entry in the listed space on Friday, August 18. Concord Biotech shares begin their journey in the secondary market at Rs 900.1 apiece on BSE, a premium of Rs 159.1 or 21.5 per cent over the upper end of its IPO price range. The listing of Concord Biotech shares, traded with the symbol CONCORDBIO, was better than Zee Business Managing Editor Anil Singhvi's expectations. Read more
Image: Official website/ Representational image
Traders' Diary | Buy, sell or hold strategy on Paytm, Bharti Airtel, Yatharth, LTIMindtree, Coforge, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, August 18. Check out which stocks are on analysts Arman Nahar and Kushal Gupta's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Arman Nahar
- Buy Paytm shares in the cash segment for a target price of Rs 892 with a stop loss at Rs 856
- Buy NTPC futures for a target of Rs 223.5 with a stop loss at Rs 214
- Buy the Rs 860 call option of Bharti Airtel at Rs 9.95 for a target of Rs 13.5 with a stop loss at Rs 9
- Technical pick: Buy BEML shares for a target price of Rs 2,100 with a stop loss at Rs 2,020
- Fundamental pick: Buy MTAR shares for a one-year target of Rs 2,700
- Investment idea: Buy HDFC AMC shares for a one-year target of Rs 3,000. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,265-19,325 levels and a strong buy zone at 19,200-19,235 levels on Friday, August 18. For the Nifty Bank, he expects support at 43,600-43,750 levels and the next big base at 43,350-43,500 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Concord Biotech, Yatharth Hospital, Page Ind, Indus Towers, HDFC Life, ONGC, Jain Irrigation
ZeeBiz takes you through the shares that can be in focus on Friday, August 18, 2023
Concord Biotech
Shares of the company are slated to list on bourses today.
ONGC
State-run oil company ONGC on Thursday announced it was investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen. In a statement, the company said that it had detailed a "roadmap to scale up its low-carbon energy portfolio significantly".
Godrej Properties
Real estate company Godrej Properties said on Thursday that its net debt jumped 45 per cent during the April-June quarter of this financial year to Rs 5,298 crore against Rs 3,649 crore it reported in the previous quarter. The company said that the increased debt came on the back of aggressive land purchases across major cities. Its debt-equity ratio stands at 0.56. The company's share price ended flat at Rs 1,550 on Thursday.
HDFC Group
Lending giant HDFC Group launched its life insurance and asset management services on Thursday in GIFT City, Gujarat. The company said that while HDFC International Life and Re had been set up by HDFC Life, HDFC AMC International (IFSC) Ltd had been established by HDFC Asset Management Company to offer services to non-resident Indians (NRIs) and the global Indian diaspora. Read more
Share Market Today LIVE | Nifty drops below 19,300, Sensex sheds over 200 pts
Nifty 50
Nifty trades at 19,294.25, down 0.37 per cent in opening deals.
Source: NSESensex
Sensex trades over 200 points lower at 64,945.74 in opening deals.
Source: BSE
Dividend Stocks | ONGC, Apollo Hospitals, JSPL, LIC Housing Finance among 16 shares to trade ex-date today
A total of 16 stocks will trade ex-dividend on Friday, August 18, according to the NSE website. The list includes Oil & Natural Gas Corporation, Apollo Hospitals, Jindal Steel & Power, LIC Housing Finance, and other stocks.
ONGC dividend 2023 record date
Oil & Natural Gas Corporation has announced a dividend of Re 0.5 per equity share with a face value of Rs 5. The record date is also August 18.
LIC Housing Finance dividend 2023
LIC Housing Finance has announced a dividend of Rs 8.5 per equity share with a face value of Rs 2.
Page Industries dividend record date 2023
Page Industries has announced an interim dividend of Rs 75 per equity share with a face value of Rs 10. The record date is August 19.
Sutlej Textiles and Industries dividend
Sutlej Textiles and Industries has announced a dividend of Re 1 per equity share with a face value of Re 1. The record date is also August 18.
Petronet LNG dividend
Petronet LNG has announced a dividend of Rs 3 per equity share with a face value of Rs 10. The record date is also August 18. Read more
Image: Freepik/ Representational Image Share Market Today LIVE | PNB, TVS Motor, 3 other stocks to enter Nifty Next 50
Five stocks, Punjab National Bank, Shriram Finance, Trent, TVS Motor and Zydus Life, will be added in the Nifty Next 50 index, NSE said on Thursday. On the other hand, ACC, FSN E-Commerce (Nykaa), HDFC Asset Management, Page Industries and Indus Towers will exit the index. The changes will take effect on September 29, according to the bourse. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 56.5 points or 0.29 per cent at 19,312 ahead of the opening bell on Dalal Street.
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