Share Market HIGHLIGHTS: Nifty, Sensex end flat; ITC gains 1.5%, Jio Financial Service drops 5%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Tuesday, August 22, ended flat amid concerns about Chinas economy and the US Feds interest rate hike. 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: Domestic equity benchmarks Nifty 50 and Sensex on Tuesday, August 22, ended flat amid concerns about China's economy and the US Fed's interest rate hike. The market participants will keep an eye on the US manufacturing Purchasing Manager's Index, or PMI, which will be released on Wednesday.
Back home, both indices closed 0.01 per cent higher. The S&P BSE Sensex was flat by 3.94 points at 65,220.03, and the NSE Nifty was flat by 2.85 points at 19,396.45. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices ended on a strong note.
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 | Nifty ends below 19,400, Sensex settles flat
Nifty 50
Nifty ends at 19,396.45, up 0.01 per cent.
Source: NSESensex
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
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
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
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
Stock 52-weeks high Previous 52-week high BEL 133.7 133.3 (11 Aug 2023) BHARATFORG 1,002 991.3 (21 Aug 2023) BRIGADE 610.4 609.9 (10 Aug 2023) CHALET 531.3 511.7 (10 Aug 2023) CRISIL 4,061 4,030.8 (11 Aug 2023) DIXON 5,001.4 4,967.8 (09 Aug 2023) EIHOTEL 241.3 238.7 (21 Aug 2023) EMAMILTD 539 537.5 (21 Aug 2023) ENGINERSIN 161.4 160.5 (01 Aug 2023) ESABINDIA 5,815 5,803.1 (21 Aug 2023) ESCORTS 2,956.2 2,873.9 (18 Aug 2023) FSL 158.4 155.9 (21 Aug 2023) GICRE 222.7 212.3 (01 Aug 2023) GMRINFRA 57.5 55.8 (21 Aug 2023) HUDCO 74.4 74.2 (21 Aug 2023) IDFC 123.2 121.5 (21 Aug 2023) IDFCFIRSTB 92 90 (17 Aug 2023) IRCON 113.6 110.2 (10 Aug 2023) JBMA 1,569.4 1,555 (21 Aug 2023) JSL 423.3 422.4 (21 Aug 2023) LATENTVIEW 450 446 (21 Aug 2023) LEMONTREE 108.5 106.4 (21 Aug 2023) LINDEINDIA 5,664.1 5,302.9 (21 Aug 2023) MAHLIFE 555 554.6 (13 Sep 2022) MAHSCOOTER 6,098.1 6,072 (21 Aug 2023) MFSL 898.8 885.9 (10 Aug 2023) MHRIL 378.7 373.2 (21 Aug 2023) MINDACORP 323 322 (21 Aug 2023) MRPL 93.9 93.4 (07 Jul 2023) NBCC 51.4 51.2 (11 Aug 2023) OIL 293.2 293 (21 Aug 2023) PFC 277.2 276.8 (08 Aug 2023) POLYCAB 4,984.2 4,911.3 (17 Aug 2023) POWERINDIA 4,552.6 4,519.1 (10 Aug 2023) PRAJIND 514 504.9 (21 Aug 2023) RAINBOW 1,184.9 1,139 (21 Jul 2023) RECLTD 243.3 240.5 (21 Aug 2023) TRENT 2,029 2,028.1 (18 Aug 2023) TV18BRDCST 48.7 47.4 (21 Aug 2023) WELSPUNIND 122 120.9 (11 Aug 2023) Share Market Today LIVE | Tata Power shares up after company's subsidiary signs PPA agreement with Tata Motors
Tata Power shares gain as much as 1.35 per cent to Rs 242.60 apiece on the BSE, a day after the company announced that its subsidiary Tata Power Renewable Energy Limited (TPREL), signed a power purchase agreement (PPA) for a 9-megawatt peak (MWp) on-campus solar plant with Tata Motors' Pantnagar plant in Uttarakhand. This solar plant will be the largest on-campus solar facility in the state, the press release added. Read more
Share Market Today LIVE | Paytm shares bounce back as digital payments company reveals AI focus in annual report
Paytm shares are in high demand on Tuesday, halting a three-day losing streak, after the digital payments company released its annual report for the financial year 2022-23. The stock of Paytm parent One97 Communications gained by as much as Rs 23.8, or 2.8 per cent, to touch Rs 861.7 apiece in morning deals, coming within Rs 54 of a 52-week high registered in June.
In the annual report, released post-market hours on Monday, Paytm Founder and CEO Vijay Shekhar Sharma said the company is investing in Artificial Intelligence (AI) with an eye on building an Artificial General Intelligence software stack. Read more
Share Market Today LIVE | Aurobindo Pharma shares slip 3% as company's US arm recalls different drugs due to manufacturing lapses
Shares of Aurobindo Pharma slip as much as 3.02 per cent to hit a low of Rs 828.05 apiece on the BSE on Tuesday (August 22). The stock comes under pressure after reports said that Aurobindo Pharma, along with Alembic Pharmaceuticals, is recalling different products in the US market due to manufacturing lapses. As per the US Food and Drug Administration's (USFDA) latest enforcement report, the US-based subsidiary of Alembic Pharmaceuticals is recalling 82,400 bottles of Tobramycin Ophthalmic Solution in the American market. Besides, the US-based arm of Aurobindo Pharma is also recalling 48 bottles of Rufinamide Tablets, (200 mg, packaged in a 120-count bottle), due to cGMP (current good manufacturing practise) deviations, the USFDA said. The batch was released prior to approval. Read more
Currency Update | Rupee rises 7 paise to 83.06 against US dollar in early trade
The rupee recovers from its all-time low levels and appreciates by 7 paise to 83.06 against the US dollar in early trade on Tuesday, as the American currency retreated from its elevated levels.
Traders' Diary | Buy, sell or hold strategy on SBI Life, Tata Motors, Lemon Tree, Dixon, Tata Power, 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 Tuesday, August 22. Check out which stocks are on analysts Varun Dubey 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:
Kushal Gupta
- Buy Lemon Tree Hotels shares in the cash segment for a target price of Rs 109 with a stop loss at Rs 103
- Buy Bharat Forge futures for a target of Rs 1,010 with a stop loss at Rs 970
- Buy the Rs 1,840 call option of Shriram Finance at Rs 41 for a target of Rs 61 with a stop loss at Rs 30
- Technical pick: Buy JSW Steel shares for a target of Rs 820 with a stop loss at Rs 785
- Fundamental pick: Buy Tata Motors shares for a one-year target of Rs 750
- Investment idea: Buy Sona BLW Precision shares for a one-year target of Rs 800. Read more
Share Market Today LIVE | Nifty above 19,400, Sensex up nearly 50 pts
Nifty 50
Nifty trades above 19,400, up 0.09 per cent in opening deals.
Source: NSESensex
Sensex trades nearly 50 points higher at 65,260 in opening deals.
Source: BSE
Share Market Today LIVE | Jio Financial Services shares continue to slide; stock hits 5% lower circuit again
The newly-listed Jio Financial Services (JFS), the demerged financial services unit of Reliance Industries (RIL), slips again in Tuesday's session. The stock is locked in the 5 per cent lower circuit at Rs 236.45 on the NSE in the opening deals. The scrip made a listless debut on the bourses on Monday (August 21), as it listed at Rs 262 on the NSE and Rs 265 on the BSE against its discovered price of Rs 261.85. The domestic stock exchanges, BSE and NSE, held a one-hour special 'pre-open' session on July 20 for RIL to discover the price of its demerged entity.
JFS' share price was calculated as the difference between Reliance's last close and the stock's settling price at the end of the special session. The price beat all the analysts' estimates, as they had estimated the share price of the demerged entity between Rs 160 and Rs 190 per share. 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 19,325-19,365 levels and a stronger support zone at 19,250-19,300 levels on Tuesday, August 22. For the Nifty Bank, he expects support at 43,750-43,850 levels and a strong buy zone at 43,600-43,675 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Dividend stocks | NHPC, Sun TV Network, ICICI Securities, KPI Green Energy, Natco Pharma among 14 shares to trade ex-date today
A total of 14 stocks will trade ex-dividend on Tuesday, August 22, according to the NSE website. The list includes NHPC, Sun TV Network, ICICI Securities, KPI Green Energy, Natco Pharm, and other stocks.
Sun TV dividend 2023 record date
Sun TV Network has announced an interim dividend of Rs 6.25 per equity share with a face value of Rs 5. The record date is also August 22.
KPI Green dividend 2023
KPI Green Energy has announced an interim dividend of Re 0.25 per equity share with a face value of Rs 10. The record date is also August 22.
ICICI Securities dividend
ICICI Securities has announced a dividend of Rs 9.25 per equity share with a face value of Rs 5.
NHPC dividend record date 2023
NHPC has announced a dividend of Rs 0.45 per equity share with a face value of Rs 10. The record date is also August 22.
Natco Pharma dividend record date 2023
Natco Pharma has announced an interim dividend of Rs 7 per equity share with a face value of Rs 2. The record date is also August 22.
Panama Petrochem dividend
Panama Petrochem has announced a dividend of Rs 5 per equity share with a face value of Rs 2. Read more
Image: Freepik/ Representational image Stocks to Watch | Tata Communications, Jet Airways, Aurobindo Pharma, Union Bank of India, Glenmark Pharma, L&T Tech among shares to track today
ZeeBiz takes you through the list of stocks that can see some action on Tuesday.
Tata Communications
The Tata Group company got a shot in the arm on Monday when the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ordered the Centre not to take coercive steps against it in relation to a licence fee demand of Rs 991.5 crore. Last week, the tribunal directed the Department of Telecommunications not to take any coercive action against Tata Communications, which had challenged the licence fee demand.
Tata Power
Tata Power Renewable Energy Limited (TPREL) on Monday said that it would supply 9 megawatts of green energy to the Tata Motors plant in Pantnagar, Uttarakhand, as part of the agreement. TPREL, a subsidiary of Tata Power Company Ltd, said in its BSE filing on Monday that it had signed a power purchase agreement with Tata Motors Limited Pantnagar Plant in Uttarakhand.
Jet Airways
The committee of creditors of Jet Airways on Monday give the thumbs up to an extension to the payment deadline to the Jalan Kalrock Consortium till September 30. The JKC sought a one-month extension for the payment. The National Company Law Appellate Tribunal, on the other hand, wanted the consortium to satisfy how the bank guarantee of Rs 150 crore can be used as security.
Aurobindo Pharma
Alembic Pharmaceuticals and Aurobindo Pharma are recalling different products in the US market due to manufacturing lapses, according to the US Food and Drug Administration (USFDA). As per the US health regulator's latest Enforcement Report, the US-based subsidiary of Alembic Pharmaceuticals is recalling 82,400 bottles of Tobramycin Ophthalmic Solution in the American market. Read more
Share Market Today LIVE | GIFT Nifty futures indicate muted start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 8 points or 0.04 per cent at 19,391 ahead of the opening bell on Dalal Street.
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