Share Market HIGHLIGHTS: Nifty 6 pts shy of 19,450; Sensex settles up over 200 points; Hindalco, Axis Bank up 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex closed in the green on Wednesday, August 23, fueled by banking and financial services 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: Domestic equity benchmarks Nifty 50 and Sensex closed in the green on Wednesday, August 23, fueled by banking and financial services stocks. S&P BSE Sensex ended 213.27 points, or 0.33 per cent higher at 65,433.3, whereas the NSE Nifty finished 47.55 points, or 0.25 per cent higher at 19,444.
The Nifty Mid Cap 100 and Small Cap 100 ended in the green, up by 0.39 per cent and 0.91 per cent, respectively. Globally, the US will release its manufacturing PMI later in the day.
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:
Latest Updates
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
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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: NSESensex
Sensex finishes at 65,433.3, up 0.33 per cent.
Source: BSE
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
Share Market Today LIVE | Brightcom Group shares hit lower circuit after Sebi bars CEO, CFO from managerial posts
Shares of Brightcom Group hit a lower circuit at Rs 23.1, down 5 per cent on NSE. Earlier on Tuesday, Sebi on restrained two Brightcom Group officials, M Suresh Kumar Reddy and Narayan Raju, from holding any managerial position in the company or its subsidiaries until further orders. Read more
Share Market Today LIVE | TVS Supply Chain Solutions debuts on BSE, NSE; here's what investors may do
TVS Supply Chain Solutions (TVS SCS) — a Chennai-based provider of supply chain management services — has debuted in the secondary market. The stock begins its journey at Rs 206.3 apiece on BSE, translating to a premium of Rs 9.3, or 4.7 per cent, over the upper end of its IPO price range. Read more
Share Market Today LIVE | Crompton Greaves shares jump 6% after CLSA upgrades stock to buy
Crompton Greaves Consumer Electricals shares jump as much as 6 per cent to Rs 315.95 apiece on the NSE after brokerage firm CLSA upgraded the electrical equipment company to outperform from buy and raised the target price to Rs 365 from Rs 300 earlier—an upside of 21 per cent. Crompton Greaves trade at Rs 313.75, up Rs 15.7 or 5.27 per cent on the NSE. Read more
Image: Official website/ Representational image 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 Wednesday, August 23. 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
Share Market Today LIVE | Nifty above 19,400, Sensex edges higher
Nifty 50
Nifty trades above 19,400, up 0.1 per cent in opening deals.
Source: NSESensex
Sensex trades at 65,234.38, up 0.02 per cent in opening deals.
Source: BSE
Traders' Diary | Buy, sell or hold strategy on Infosys, Havells, Chambal Fertilisers, RITES, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Wednesday, August 23. Check out which stocks are on analysts Kushal Gupta and Varun Dubey'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 NBCC shares in the cash segment for a price target of Rs 53 with a stop loss at Rs 50
- Buy Crompton Greaves Consumer Electricals futures for a target of Rs 310 with a stop loss at Rs 294
- Buy the Rs 1,180 call option of HCL Tech at Rs 13.5 for a target of Rs 25 with a stop loss at Rs 10
- Technical pick: Buy Chambal Fertilisers shares for a target of Rs 270 with a stop loss at Rs 258
- Fundamental pick: Buy Infosys shares for a one-year target of Rs 1,600
- Investment pick: Buy AB Fashion shares for a target of Rs 250 with a perspective of 3-4 months. Read more
Stock to Watch | Brightcom Group, RITES, BEML, Vodafone Idea, Radico Khaitan, NBCC among top stocks to track today
ZeeBiz takes you through a list of shares that can be in the limelight on Wednesday (August 23, 2023).
Brightcom Group
SEBI has issued another order in the Brightcom Group Ltd case, and this time around it has passed an interim order against Shankar Sharma and 25 others. SEBI has said in its order that Brightcom Group Ltd, its promoter-cum CMD M. Suresh Kumar Reddy, and CFO Narayan Raju were involved in round-tripping of BGL's own funds in a circular fashion to falsely portray receipt of consideration from allottees of preferential allotments and siphoning off of proceeds of preferential allotments. READ MORE
Jio Financial Services
Leading stock exchange, BSE, postponed on Tuesday the removal of Jio Financial Services Ltd from all the S&P BSE Indices to August 29.
Vodafone Idea
Debt-ridden telecom operator Vodafone Idea is planning to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development told PTI on Tuesday. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI. "Vodafone Idea will clear dues for the June 2023 quarter and spectrum installment with applicable interest by September," the source said. Read more
Dividend Stocks | Manappuram Finance, Astra Microwave Products among 5 shares to trade ex-date today
A total of five stocks will trade ex-dividend on Wednesday, August 23, according to the NSE website. The list includes Manappuram Finance, Astra Microwave Products, and other stocks.
Global Education dividend
Global Education has announced an interim dividend of Rs 1.25 per equity share with a face value of Rs 5. The record date is also August 23.
Manappuram Finance dividend 2023 record date
Manappuram Finance has announced a dividend of Re 0.8 per equity share with a face value of Rs 2. The record date is also August 23.
Dynacons Systems & Solutions dividend
Dynacons Systems & Solutions has announced an interim dividend of Rs 0.5 per equity share with a face value of Rs 10. The record date is also August 23. Read more
Image: Freepik/ Representational image Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 29.75 points or 0.15 per cent at 19,359 ahead of the opening bell on Dalal Street.
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