Share Market HIGHLIGHTS: Nifty, Sensex end flat; ITC gains 1.5%, Jio Financial Service drops 5%

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Share Market HIGHLIGHTS | Nifty ends below 19,400, Sensex settles flat

Nifty 50

Nifty ends at 19,396.45, up 0.01 per cent. 

Source: NSE

Sensex

Sensex finishes at 65,220.03, up 0.01 per cent. 

Source: BSE

Share Market HIGHLIGHTS | Adani Enterprises, HDFC Life, ITC rise most in 50-scrip blue-chip basket

Adani Enterprises, HDFC Life, ITC and NTPC are among the top gainers in the Nifty basket, trading with gains of around 2-1 per cent. On the other hand,  JFS, BPCL, Cipla and Eicher Motors are among the top losers, down up to 5 per cent.

Source: NSE

Share Market Today LIVE | Need a dependable EV play on D-Street? Analysts eye over 30% upside in a year in this stock

Analysts are upbeat on Tata Motors as a proxy play for the emerging electric vehicle (EV) market in the country. Tata Motors shares have rewarded investors with a return to the tune of 37 per cent in the past year, beating gains of 9.2 per cent and 19.2 per cent in the Nifty and Nifty Auto indices respectively.

Zee Business Analyst Kushal Gupta has a long-term ‘buy’ call on Tata Motors. He believes the Tata group auto giant can be a great play in the EV space, in tandem with brokerages’ positive views on US-based Tesla, one of the world’s largest EV manufacturers. Read more 

Share Market Today LIVE | Welspun Enterprises gain more than 3% on acquiring majority stake in Michigan Engineers for Rs 137 crore

Welspun Enterprises Limited (WEL) gain more than 3 percent in Tuesday’s trade after the company acquired a 50.1 per cent stake in Michigan Engineers Private Limited (MEPL). The deal was completed on August 21 and has turned MEPL into a subsidiary of Welspun Enterprises. The company has been acquired from existing shareholders for an equity investment of Rs 137.07 crore, Welspun Enterprises said in a filing to the stock exchanges. Read more 

Share Market Today LIVE | Nifty to consolidate ahead of 2024 Lok Sabha election; check investment strategies, sectors to bet on, analysts’ top picks

The domestic equity market had a spectacular run between May and July 20 of the current financial year 2023–24 (FY24). The key indices, S&P BSE Sensex, NSE Nifty, and Bank Nifty, witnessed a series of record high levels during the period before retreating from the zenith. The broader market indices, on the other hand, continue to rally. Both indices, the S&P BSE Midcap index and the S&P BSE Small Cap, hit fresh record high levels in today's session as well. Read  more 

Share Market Tips | Buy Sansera Engineering, GNA Axles shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart shares two stock recommendations: 

• Buy Sansera Engineering shares for a price target of Rs 985 with a stop loss at Rs 915 
• Buy the GNA Axles stock for a target of Rs 1,070 with a stop loss at Rs 995

Share Market Tips | Buy GMR Airports shares, says Sumeet Bagadia

Sumeet Bagadia of Choice Broking recommends buying GMR Airports shares for targets of Rs 62 and Rs 65 with a stop loss at Rs 54.

Share Market Today LIVE | Lemon Tree Hotels hits fresh 52-week high on signing agreement for two new properties in Bhubaneswar and Kasauli

Lemon Tree Hotels Limited rallies more than 3 per cent on Tuesday to hit a fresh 52-week high of Rs 108.5 apiece on BSE after the company announced it was signing a licence agreement for two new properties in Bhubaneswar and Kasauli.

The company announced that it has signed a licence agreement for two hotels under its "Lemon Tree Hotel" and "Lemon Tree Mountain Resort" brands in Bhubaneshwar and Kasauli, respectively. The Lemon Tree Hotel, Bhubaneswar, is expected to be operational by Q4 of FY 2025 and will be managed by Lemon Tree Hotels’ wholly-owned subsidiary, Carnation Hotels Private Limited. Lemon Tree Mountain Resort, Kasauli, is expected to turn operational by Q3 of FY 2026 and will be managed by the company itself. Read more

Share Market Today LIVE | Shares of Hindustan Aeronautics to trade ex-date soon 

Hindustan Aeronautics Limited (HAL) recently announced a final dividend of Rs 15 per share. The state-run aerospace and defence company announced a 150 per cent payout for the financial year 2022-23 at the face value of Rs 10 apiece. The company has also announced the record date for determining the eligibility of shareholders. 

HAL dividend record date 2023

In an exchange filing, Hindustan Aeronautics said that the Record Date for the payment of the final dividend for the Financial Year 2022-23 has been fixed for August 24, 2023. Read more

Share Market Today LIVE | BHEL shares surge more than 3% on Rs 4,000 crore order win from Adani Power subsidiary

Bharat Heavy Electricals Limited (BHEL) shares gain more than 3 per cent on Tuesday after the company said that it has received a Rs 4,000 crore order from a wholly-owned subsidiary of Adani Power Limited. The government-owned company has received the order from Mahan Energen Limited, formerly known as Essar Power MP Limited, a wholly owned subsidiary of Adani Power Limited, BHEL said in a filing to the stock exchanges on Monday. Read more

Share Market Today LIVE | LIC owns 6.66% in Jio Financial Services through demerger action

LIC owns a 6.66 per cent shareholding in Jio Financial Services Ltd. through a demerger action by Reliance Industries Ltd. In a BSE filing on Tuesday, LIC said: "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation has acquired 6.66 per cent shareholding in “JIO FINANCIAL SERVICES LTD.” through demerger action by “Reliance Industries Ltd.” as per the notice by company dated 19th July 2023." Read more 

Kushal Gupta recommends buying Tata Motors shares

Zee Business Analyst Kushal Gupta has a one-year 'buy' call on the Tata Motors stock with a one-year target price of Rs 750, implying an upside of 20.8 per cent from Monday's closing price. 

He believes Tata Motors can be a great play in the electric vehicles (EV) space.

Tata Motors shares have rewarded investors with a return of 36.7 per cent in the past year. 

Image: BSE

Nifty Today LIVE | ITC, RIL, L&T among top movers in the Nifty basket

ITC, RIL, L&T and Bharti Airtel are the top movers in the Nifty basket at this hour. On the contrary, JFS, TCS, Infy and ICICI Bank are among the top drags.

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

Source: NSE

Oil India, Bharat Forge, Ircon, Brigade Enterprises, Dixon Tech, Emami, Lemon Tree, 33 other stocks hit 52-week highs