Share Market HIGHLIGHTS: Nifty slides below 19,400, Sensex ends 661 pts off day's high; JFS, RIL, Divi's among top losers
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended in the red on Thursday, August 24, snapping a three-day winning streak amid selling in auto, financial services, pharma, metals, and oil & gas stocks. S&P BSE Sensex ended down 0.28 per cent or 180.96 points, at 65,252.34, whereas NSE Nifty finished down 0.29 per cent or 57.3 points, at 19,386.7. In addition, Nifty Bank closed flat but in green at 44,496.2.
In the broader market, the Nifty Mid Cap 100 was up 0.24 per cent, on the other hand, the Small Cap 100 was down 0.35 per cent. Besides, market participants awaited the Reserve Bank of India's (RBI) August policy minutes meeting.
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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended in the red on Thursday, August 24, snapping a three-day winning streak amid selling in auto, financial services, pharma, metals, and oil & gas stocks. S&P BSE Sensex ended down 0.28 per cent or 180.96 points, at 65,252.34, whereas NSE Nifty finished down 0.29 per cent or 57.3 points, at 19,386.7. In addition, Nifty Bank closed flat but in green at 44,496.2.
In the broader market, the Nifty Mid Cap 100 was up 0.24 per cent, on the other hand, the Small Cap 100 was down 0.35 per cent. Besides, market participants awaited the Reserve Bank of India's (RBI) August policy minutes meeting.
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 slides below 19,400, Sensex ends 182 pts lower
Nifty 50
Nifty ends at 19,386.7, down 0.29 per cent.
Source: NSE
Sensex
Sensex ends 180.96 points lower at 65,252.34.
Source: BSE
Share Market HIGHLIGHTS | JFS, RIL, Divi's among the top losers in Nifty basket
JFS, RIL, Divi's and PowerGrid are among the top losers in the Nifty basket, down around 5-1 per cent. On the other hand, BPCL, Asian Paints, IndusInd Bank and Infy are among the top gainers, up around 2-1 per cent.
Source: NSE
Share Market Today LIVE | Torrent Pharma gains after receiving USFDA establishment inspection report for its Dahej facility
Shares of Torrent Pharmaceuticals Limited gain as much as 2 per cent after the company announced that it has received an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its manufacturing facility located in Dahej, Gujarat. Read more
Share Market Today LIVE | Nifty near 19,400, Sensex off day's high amid weakness in energy & metal stocks
Nifty 50
Source: NSE
Sensex
Source: BSE
Nifty Today LIVE | RIL, HDFC Bank, JFS among top drags in Nifty basket
RIL, HDFC Bank, JFS and L&T are the top drags in the Nifty basket at this hour. On the contrary, Infy, ICICI Bank, Asian Paints and IndusInd Bank are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | BEL, Dr Reddy's, HAL, Paytm hit 52-week highs
As many as 53 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) |
| 3MINDIA | 30,499.00 | 30,627.55 | 30,444.00 (23 Aug 2023) | 30,975.00 (01 Apr 2021) |
| AIAENG | 3,633.50 | 3,675.50 | 3,664.75 (14 Aug 2023) | 3,675.50 (24 Aug 2023) |
| AMBER | 2,835.00 | 2,986.05 | 2,985.00 (18 Aug 2023) | 4,023.65 (02 May 2022) |
| APLAPOLLO | 1,658.85 | 1,663.05 | 1,637.45 (16 Aug 2023) | 3,945.00 (08 Dec 2020) |
| ASTRAZEN | 4,200.05 | 4,283.35 | 4,254.65 (14 Aug 2023) | 4,970.00 (08 Sep 2020) |
| AXISBANK | 984.45 | 994.55 | 989.90 (30 Jun 2023) | 2,042.95 (23 Jul 2014) |
| BEL | 134.55 | 135.55 | 135.40 (23 Aug 2023) | 4,160.00 (04 Aug 2015) |
| BHARATFORG | 1,041.00 | 1,052.00 | 1,043.70 (23 Aug 2023) | 1,669.70 (27 Jun 2005) |
| BSOFT | 476.7 | 479 | 473.25 (17 Aug 2023) | 740.00 (02 Jan 2007) |
| CERA | 8,804.30 | 8,999.95 | 8,894.35 (23 Aug 2023) | 8,999.95 (24 Aug 2023) |
| CHEMPLASTS | 509 | 514.95 | 500.65 (12 Jun 2023) | 826.35 (11 Oct 2021) |
| COROMANDEL | 1,110.70 | 1,115.40 | 1,094.85 (11 Aug 2023) | 1,115.40 (24 Aug 2023) |
| DRREDDY | 5,931.15 | 5,986.20 | 5,979.65 (18 Aug 2023) | 5,986.20 (24 Aug 2023) |
| ENGINERSIN | 160.5 | 166.55 | 165.85 (23 Aug 2023) | 2,599.00 (25 Mar 2010) |
| ESCORTS | 2,970.05 | 2,997.20 | 2,956.15 (22 Aug 2023) | 2,997.20 (24 Aug 2023) |
| FEDERALBNK | 140.6 | 143.6 | 143.35 (16 Jan 2023) | 550.75 (02 Jan 2013) |
| FINOLEXIND | 218.05 | 219.4 | 217.70 (23 Aug 2023) | 752.80 (23 Oct 2017) |
| FSL | 157.55 | 161.75 | 159.10 (23 Aug 2023) | 242.65 (19 Jul 2021) |
| GICRE | 219.35 | 224.4 | 222.70 (22 Aug 2023) | 895.00 (25 Oct 2017) |
| GMRINFRA | 65.3 | 66.5 | 60.20 (23 Aug 2023) | 1,005.00 (13 Jul 2007) |
| GODREJIND | 541.85 | 557.5 | 542.80 (23 Aug 2023) | 908.90 (18 May 2006) |
| HAL | 3,992.05 | 4,138.80 | 4,050.00 (23 Aug 2023) | 4,138.80 (24 Aug 2023) |
| HUDCO | 73.41 | 76.46 | 75.60 (23 Aug 2023) | 102.35 (14 Jul 2017) |
| IDFC | 122.95 | 126.45 | 125.25 (23 Aug 2023) | 235.00 (03 Jan 2008) |
| INGERRAND | 3,272.50 | 3,325.60 | 3,324.95 (23 Aug 2023) | 3,325.60 (24 Aug 2023) |
| IRCON | 110.86 | 114.4 | 113.59 (22 Aug 2023) | 598.80 (19 Feb 2020) |
| JSL | 429 | 437.7 | 432.40 (23 Aug 2023) | 569.85 (15 Jan 2004) |
| JUBLPHARMA | 454.9 | 474.55 | 470.00 (11 Aug 2023) | 1,345.00 (11 Mar 2004) |
| LEMONTREE | 110.38 | 111.1 | 110.80 (23 Aug 2023) | 111.10 (24 Aug 2023) |
| LT | 2,688.90 | 2,767.00 | 2,725.75 (23 Aug 2023) | 4,670.00 (01 Nov 2007) |
| LTTS | 4,400.00 | 4,427.20 | 4,405.00 (23 Aug 2023) | 5,958.10 (04 Jan 2022) |
| MAHABANK | 39.65 | 40.4 | 40.10 (23 Aug 2023) | 96.50 (07 Jan 2008) |
| MAHSCOOTER | 6,223.30 | 6,274.00 | 6,098.95 (23 Aug 2023) | 6,274.00 (24 Aug 2023) |
| MAPMYINDIA | 1,740.20 | 1,766.70 | 1,719.00 (14 Aug 2023) | 1,918.35 (17 Jan 2022) |
| MFSL | 901.25 | 937.5 | 898.75 (22 Aug 2023) | 1,240.00 (20 Feb 2007) |
| MHRIL | 394.3 | 397.35 | 378.70 (22 Aug 2023) | 657.90 (07 Jul 2017) |
| MIDHANI | 409 | 426.2 | 416.40 (23 Aug 2023) | 426.20 (24 Aug 2023) |
| MINDACORP | 317 | 325 | 323.00 (22 Aug 2023) | 325.00 (24 Aug 2023) |
| MPHASIS | 2,456.90 | 2,471.20 | 2,387.45 (16 Aug 2023) | 3,659.75 (19 Oct 2021) |
| MRPL | 92.9 | 95.16 | 93.93 (22 Aug 2023) | 149.00 (04 Jan 2008) |
| PAYTM | 907 | 931 | 916.25 (23 Aug 2023) | 1,961.05 (18 Nov 2021) |
| POLYCAB | 5,040.50 | 5,162.90 | 5,153.80 (23 Aug 2023) | 5,162.90 (24 Aug 2023) |
| RECLTD | 243.15 | 245.85 | 243.30 (22 Aug 2023) | 409.50 (11 Oct 2010) |
| SHRIRAMFIN | 1,881.80 | 1,931.30 | 1,899.90 (01 Aug 2023) | 1,931.30 (24 Aug 2023) |
| SHYAMMETL | 474 | 485 | 479.80 (11 Aug 2023) | 485.00 (24 Aug 2023) |
| SUNTV | 584 | 586 | 572.25 (23 Aug 2023) | 1,849.00 (08 Feb 2007) |
| SUPREMEIND | 4,458.15 | 4,540.00 | 4,480.00 (11 Aug 2023) | 4,540.00 (24 Aug 2023) |
| SUZLON | 22.38 | 22.86 | 21.93 (23 Aug 2023) | 2,300.00 (09 Jan 2008) |
| TATACOMM | 1,843.75 | 1,858.00 | 1,831.95 (23 Aug 2023) | 3,250.00 (11 Feb 2000) |
| TATAPOWER | 251.05 | 252.75 | 251.00 (07 Sep 2022) | 3,500.00 (29 Jan 1992) |
| TRENT | 2,064.20 | 2,090.95 | 2,067.15 (23 Aug 2023) | 2,442.40 (07 Sep 2016) |
| VARROC | 412.25 | 430.55 | 423.40 (23 Aug 2023) | 1,177.45 (03 Sep 2018) |
| WELSPUNIND | 122.4 | 126.7 | 126.50 (23 Aug 2023) | 1,007.15 (14 Mar 2016) |
Share Market Today LIVE | Axis Bank, L&T hit 52-week highs
Axis Bank and L&T in the S&P BSE basket reached the milestone.
| Stock | LTP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| AXISBANK | 984.65 | 994.55 | 989.90 (30 Jun 2023) | 2,042.95 (23 Jul 2014) |
| LT | 2,685.90 | 2,767.00 | 2,725.75 (23 Aug 2023) | 4,670.00 (01 Nov 2007) |
Share Market Today LIVE: Procter and Gamble Health drops more than 5% on mixed Q4 results
The global consumer goods conglomerate Procter & Gamble (P&G) Health shares drop more than 5 percent after the company reported poor numbers for the fourth quarter ending June 2023 (Q4FY23). The quarterly earnings report showed mixed results as the company's revenue increased marginally and net profit, as well as EBITDA dropped. Read more
Share Market LIVE | Paytm hits 52-week high after Bernstein initiates coverage with 'outperform' rating
One97 Communications, the parent company of digital payments firm Paytm, shares gain as much as 3 per cent to clock a fresh 52-week high of Rs 931.95 apiece on NSE, surpassing an earlier peak of Rs 916.15 touched on Wednesday, August 23, after Bernstein initiated coverage on the counter. The global research and broking firm initiated an outperform rating on Paytm with a target price of Rs 1,100, an upside of 21 per cent from Wednesday's close of Rs 904.75 on NSE. Read more
Share Market LIVE | Paytm hits 52-week high after Bernstein initiates coverage with 'outperform' rating
One97 Communications, the parent company of digital payments firm Paytm, shares gain as much as 3 per cent to clock a fresh 52-week high of Rs 931.95 apiece on NSE, surpassing an earlier peak of Rs 916.15 touched on Wednesday, August 23, after Bernstein initiated coverage on the counter. The global research and broking firm initiated an outperform rating on Paytm with a target price of Rs 1,100, an upside of 21 per cent from Wednesday's close of Rs 904.75 on NSE. Read more
Share Market LIVE | Paytm hits 52-week high after Bernstein initiates coverage with 'outperform' rating
One97 Communications, the parent company of digital payments firm Paytm, shares gain as much as 3 per cent to clock a fresh 52-week high of Rs 931.95 apiece on NSE, surpassing an earlier peak of Rs 916.15 touched on Wednesday, August 23, after Bernstein initiated coverage on the counter. The global research and broking firm initiated an outperform rating on Paytm with a target price of Rs 1,100, an upside of 21 per cent from Wednesday's close of Rs 904.75 on NSE. Read more
Share Market Today LIVE | Coforge shares zoom as promoter offloads 25% stake in block deal
Coforge shares registered sharp gains on Thursday amid reports about a likely block in the IT services company. The Coforge stock gained by as much as Rs 268.2, or 5.5 per cent, to Rs 5,179.8 apiece on BSE, coming within Rs 240 of a 52-week high scaled last week. Zee Business reported that Coforge's promoter, Hulst BV, sold 1.5 crore shares (equivalent to a 25 per cent stake) out of its 26.6 per cent holding in the IT services firm. The transaction was estimated to be worth Rs 6,961.5 crore. Read more
Share Market Today LIVE | HAL, L&T, Paras Defence hit 52-week highs amid Chandrayaan-3 euphoria on Street
The euphoria surrounding India's historic moon landing on the south pole of the moon on Wednesday has yet to settle down, and defence and aerospace stocks are seemingly cashing in on the upbeat mood in the market on Thursday morning. Stocks like HAL, BHEL, L&T, Paras Defense, Centum Electronics, and Mishra Dhatu Nigam Ltd continued their run for the second day in succession as all of them hit a 52-week high in early trading hours on Thursday.
Here's how defence and aerospace stocks started their day on the BSE:
Larsen & Toubro (L&T)
L&T hit a 52-week high of Rs 2,767 in early trading on Thursday after the company announced that its power transmission and distribution business had secured new orders in the Middle East. The company said that it has received an order to establish a 220kV Gas Insulated Substation and associated Transmission Lines in the United Arab Emirates. It has also received orders to establish two new 132 kV substations from a public services infrastructure company in Dubai and to build a 220 kV overhead transmission line, the company said in its BSE filing. It has also gotten an order in Kuwait for the turnkey construction of 4 new 132 kV substations in the Al Sabah Medical District.
Paras Defence
Paras Defence and Space Technologies raced to a 52-week high of Rs 841.80 in early trading hours on Thursday. The share closed at Rs 717.60 on Wednesday, while it opened at Rs 804.95 on Thursday before touching a 52-week high. The company has contributed to the Chandrayaan-3 mission. Read more
Source: ISRO
Stocks to Buy | L&T, Maruti Suzuki, MTAR Tech among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sumeet Bagadia, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Vikas Sethi 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 Maruti Suzuki, Federal Bank, L&T, MTAR Tech and Godrej Properties. Read more