Share Market HIGHLIGHTS: Nifty 6 pts shy of 19,450; Sensex settles up over 200 points; Hindalco, Axis Bank up 2%

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Share Market HIGHLIGHTS: Nifty 6 pts shy of 19,450; Sensex settles up over 200 pts

Nifty 50

Nifty ends 6 points shy of 19,450, up 0.25 per cent. 

Source: NSE

Sensex

Sensex finishes at 65,433.3, up 0.33 per cent.

Source: BSE

Share Market HIGHLIGHTS | Hindalco, Axis Bank, ICICI Bank among the top gainers in Nifty basket

Hindalco, Axis Bank, ICICI Bank and Divi's are among the top gainers in the Nifty basket, trading with gains of around 1-2 per cent. On the other hand, Adani Enterprises, JFS, Adani Ports and Sun Pharma are among the top losers, down around 1-6 per cent. 

Source: NSE

Share Market Today LIVE | Liquor stocks have rallied up to 200% in a year; is there more steam left?

The past year has been good for investors in liquor stocks as the returns have skyrocketed. Shares of companies such as Som Distilleries and Breweries Ltd, United Spirits, Globus Spirits, Radico Khaitan, Sula Vineyards, and Tilaknagar Industries have gained between 5 per cent to 258 per cent in a year. Individually, Som Distilleries and Breweries Ltd shares climbed over 258 per cent in a year, followed by Tilaknagar Industries', which have rallied over 198 per cent, Sula Vineyards has surged 55 per cent, United Spirits shares have gained over 33 per cent, Radicon Khaitan has risen over 24 per cent and Globus Spirits has jumped over 5 per cent. Read more 

EXPERT VIEW | Comments on Jio Financial stock by Prashanth Tapse, Research Analyst, Senior VP Research, Mehta Equities Ltd

“Jio Financial counter is a highly watched post listing. JFS’ listing was somewhat subdued compared to market expectations of Rs 300 plus. Short-term selling pressure would continue looking at seller mood in the exchange which has increased multifold in the last 3 days. There are talks that selling by index passive funds is putting pressure on the counter. Jio Financials will be in the Trade-To-Trade (T2T) segment for 10 trading days. Under the T2T segment, stocks have to be bought only under the delivery method and are not eligible to be traded on an intraday basis. The stock will have a 5% circuit filter for the next ten trading sessions. Only after the AGM on 28th August, we can expect some development in the JFS’ business plan. We stand neutral on the counter and wait for the AGM development, which can give a clear picture on the future outlook.”

Share Market Today LIVE | BEML surges more than 4% to hit 52-week high on bagging Rs 101 crore order from Defence Ministry

BEML shares hit a new 52-week high of Rs 2183.95 apiece on BSE after the company received an order worth Rs 101 crore from the Defence Ministry. In a filing to the stock exchanges, the leading player in the defence and engineering sectors said that the order is for the supply of Command Post Vehicles to the Indian Army.  The order comes on the heels of BEML successfully managing to bag several contracts over the past few weeks. Read more 

Share Market Today LIVE | Hindustan Aeronautics stock hits 52-week high

Hindustan Aeronautics shares clock a new 52-week high of Rs 4,034 on NSE. The share, which started the day at Rs 3,914.95, dipped to Rs 3,899.00, before staging a recovery and hitting a 52-week high. Read more

Nifty Today LIVE | ICICI Bank, Axis Bank, L&T, RIL among top movers in Nifty 

ICICI Bank, Axis Bank, L&T, RIL and HDFC Bank are the top movers in the Nifty basket at this hour. On the contrary, JFS, ITC, Adani Enterprises, Bharti Airtel and Sun Pharma are among the top drags.

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

Source: NSE

Share Market Today LIVE | Hindalco gains over 3% on announcement to invest Rs 4,000 crore in copper, e-waste recycling facilities

In a strategic move aimed at bolstering its manufacturing capabilities and sustainable development, Hindalco Industries has unveiled a Rs 4,000 crore investment plan for extrusion and recycling facilities. The move was announced by Chairman Kumar Mangalam Birla during the company's 64th Annual General Meeting.

Post the announcement, shares of the Aditya Birla Group company jumped more than 3 per cent in morning trade on Wednesday. Hindalco shares trade at Rs 462.8 apiece, up 2.8 per cent on the NSE. Read more 

MARKET UPDATE

Sensex is up over 183 points; ICICI Bank, Axis Bank, and L&T are top index contributors

Share Market Today LIVE | Stocks of companies behind Chandrayaan-3 rally ahead of soft landing

India is just hours away from making history as ISRO's ambitious third moon mission, Chandrayaan-3's Lander Module (LM), is all set to touch down on the lunar surface today. The LLM, comprising the lander (Vikram) and the rover (Pragyan), is scheduled to make a touchdown near the south polar region of the Moon at 6:04 p.m. 

Here are a few stocks that are in focus ahead of the soft landing of Chandrayaan-3.

Larsen and Toubro (L&T) 

Civil construction company L&T manufactured critical booster segments, namely the head end segment, middle segment, and nozzle bucket flange for Chandrayaan 3. L&T shares hit a 52-week high of 2,725.75 apiece in Wednesday's trading.

BHEL 

The company manufactured batteries for the Lander Module and the Propulsion Module. BHEL shares were trading 1.8 per cent lower at Rs 109.05 apiece on the BSE. The stock in the early trade touched the 52-week high at Rs 113.35 apiece but soon pared gains. Read more 

Share Market Today LIVE | Jio Financial Services shares fall 5%; hit lower circuit limit for 3rd day

Jio Financial Services Ltd, the demerged financial services unit of Reliance Industries shares lock in a lower circuit by 5 per cent of Rs 227.25 on Wednesday for the third day running on BSE. Read more 

Stocks to buy | Britannia, Havells India, JSPL among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vishvesh Chauhan, Ambareesh Baliga, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia and Sandeep Wagle 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 Dredging Corporation of India, Britannia, Ujjivan SFB, Havells India, JSPL and NMDC. Read more 

Share Market Today LIVE | Linde India hits record high after receiving LoA from IOCL for setting up air separation unit

Shares of Linde India hit a record high of Rs 6,164.65 apiece on the BSE on Wednesday, a day after the company informed bourses that it had been awarded a ‘Letter of Acceptance’ by Indian Oil Corporation Limited (IOCL). The LoA is in connection with the job-work contract for setting up the Air Separation Unit (ASU) on a site licensed by IOCL within its Panipat Refinery Complex for the production and supply of instrument air, plant air, and cryogenic nitrogen to the IOCL Panipat Refinery Expansion Project (P25). Read more 

Share Market Today LIVE | Vodafone Idea share jumps after it announces to clear dues worth Rs 2,400 crore 

The share of Vodafone Idea trades higher by 1.69 per cent to Rs 7.84, a day after the telecom company reportedly announced that it would clear about Rs 2,400 crore of dues to the central government by September. A report on Tuesday said that the company had recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23. Read more