Share Market HIGHLIGHTS: Nifty gives up 19,300; Sensex ends 366 pts lower, falls for 2nd day; L&T, Dr Reddys JSW Steel drop 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex closed in the red on Friday, August 25, tracking weakness in the global markets. 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 red on Friday, August 25, tracking weakness in the global markets. Besides, inflationary concerns flagged by the Reserve Bank of India (RBI), too, dented sentiment. Globally, all eyes will now be on Federal Reserve Chairman Jerome Powell's speech at the 2023 Jackson Hole Economic Policy Symposium. Also, European Central Bank President Christine Lagarde will speak at the 2023 Jackson Hole Economic Policy Symposium.
BSE Sensex slipped 365.83 points, or 0.56 per cent, at 64,886.51, and NSE Nifty cracked 121 points, or 0.62 per cent at 19.265.8.
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 gives up 19,300; Sensex ends 366 pts lower, falls for 2nd day
Nifty 50
Nifty gives up 19,300 and ends down 0.62 per cent at 19,266.
Source: NSE
Sensex
Sensex ends 366 points lower at 64,887, falls for 2nd day.
Source: BSE
Share Market HIGHLIGHTS | L&T, Dr Reddy's, JSW Steel among top losers in Nifty basket
L&T, Dr Reddy's, JSW Steel and Adani Ports are among the top losers in the Nifty basket, down 2 per cent. On the other hand, JFS, Bajaj Finserv, Asain Paints and Bajaj Finance are among the top gainers, up around 4-1 per cent.
Source: NSE
Share Market Today LIVE | Brightcom Group shares extend losses for third straight day, hit 5% lower circuit after SEBI crackdown
Shares of Brightcom Group Ltd (BGL) hit a 5 per cent lower circuit on Friday extending the losing streak for the third straight session after the Securities and Exchange Board of India (Sebi) barred its CEO and CFO from holding any managerial positions in the company. The market regulator issued an interim order on Tuesday, August 22 after finding lapses in Brightcom Group’s preferential issue of shares. Read more
Share Market Today LIVE | Birlasoft hits fresh 52-week high after Nomura sees nearly 30% upside, forecasts strong growth
Birlasoft shares surge more than 2 per cent to hit a fresh 52-week high after global financial services firm Nomura recommended a ‘Buy’ rating on the stock. In its note dated August 24, the brokerage predicted an industry-leading growth trajectory in the medium term for Birlasoft. The analysts have assigned a target price of Rs 610, indicating a potential upside of nearly 30 per cent from the closing price of Rs 474.90 on Thursday. Read more
Share Market Tips LIVE | Buy Cigniti Tech, IG Petro shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Cigniti Technologies shares for a target of Rs 805 with a stop loss at Rs 765. Besides, he recommends buying IG Petrochemicals shares for a target of Rs 515 with a stop loss at Rs 475.
Share Market Today LIVE | Supreme Industries, APL Apollo Tubes hit 52-week highs
As many as six stocks in the BSE 200 basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) APLAPOLLO 1,682.70 1,708.90 1,663.05 (24 Aug 2023) 3,945.00 (08 Dec 2020) BEL 133.7 138.2 135.55 (24 Aug 2023) 4,160.00 (04 Aug 2015) MPHASIS 2,396.00 2,492.75 2,471.20 (24 Aug 2023) 3,659.75 (19 Oct 2021) PAYTM 905 939 931.00 (24 Aug 2023) 1,961.05 (18 Nov 2021) SOLARINDS 4,592.15 4,613.40 4,535.95 (03 Jan 2023) 4,613.40 (25 Aug 2023) SUPREMEIND 4,478.05 4,564.20 4,540.00 (24 Aug 2023) 4,564.20 (25 Aug 2023) Share Market Today LIVE | 37 stocks' lock-in period ends this year; these 10 scrips' lock-in period will end in September
The domestic market saw a flood of initial public offerings (IPOs) this year, and the momentum is likely to continue. As the flow continues, starting Friday until December 2023, as many as 37 companies will have their pre-listing shareholder lock-ins open, according to a report by Zee Business. Promoters and anchor investors have a mandatory lock-in period for their respective investments, before which they cannot sell their holdings. After the lock-in period, the respective investors or promoters can then sell the shares they own in the company. Read more
Share Market Today LIVE | India's 'goldilocks' scenario rests on corporate earnings growth trajectory, notes HSBC
Amid escalating concerns about global growth, India stands out; however, its corporate earnings resilience is key to sustaining positive momentum, note analysts at HSBC, the global financial services company, in its latest report, issued on August 23. The shape of the earnings growth trajectory this year is more critical than an average year, and India's "goldilocks" scenario rests on it, they added. The global brokerage firm notes that India has been the best-performing market since March 2023. Read more
Share Market Today LIVE | BEL, Paytm, other stocks hit 52-week highs
As many as 20 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) AIAENG 3,647.40 3,700.00 3,675.50 (24 Aug 2023) 3,700.00 (25 Aug 2023) APLAPOLLO 1,683.95 1,708.90 1,663.05 (24 Aug 2023) 3,945.00 (08 Dec 2020) BEL 134.1 138.2 135.55 (24 Aug 2023) 4,160.00 (04 Aug 2015) BSOFT 483.3 487.5 479.00 (24 Aug 2023) 740.00 (02 Jan 2007) CERA 9,081.45 9,083.65 8,999.95 (24 Aug 2023) 9,083.65 (25 Aug 2023) CHEMPLASTS 517.45 529.85 514.95 (24 Aug 2023) 826.35 (11 Oct 2021) EIHOTEL 238.2 243.15 242.90 (23 Aug 2023) 857.50 (11 Sep 2006) ESCORTS 3,048.65 3,125.00 3,005.00 (24 Aug 2023) 3,125.00 (25 Aug 2023) FSL 162.35 164.7 161.75 (24 Aug 2023) 242.65 (19 Jul 2021) GMRINFRA 62.15 66.75 66.50 (24 Aug 2023) 1,005.00 (13 Jul 2007) JBMA 1,537.55 1,588.00 1,569.35 (22 Aug 2023) 1,689.95 (24 Jan 2022) MAHSCOOTER 6,376.00 6,459.05 6,274.20 (24 Aug 2023) 6,459.05 (25 Aug 2023) MASTEK 2,265.95 2,345.00 2,254.40 (19 Jul 2023) 6,465.20 (26 Nov 1999) MHRIL 401.05 418.1 398.00 (24 Aug 2023) 657.90 (07 Jul 2017) MPHASIS 2,413.75 2,492.75 2,471.20 (24 Aug 2023) 3,659.75 (19 Oct 2021) PAYTM 914.65 939 931.00 (24 Aug 2023) 1,961.05 (18 Nov 2021) SHYAMMETL 476.6 488.3 485.00 (24 Aug 2023) 488.30 (25 Aug 2023) SOLARINDS 4,579.70 4,613.40 4,535.95 (03 Jan 2023) 4,613.40 (25 Aug 2023) SUNTV 612.95 615.75 586.00 (24 Aug 2023) 1,849.00 (08 Feb 2007) SUPREMEIND 4,506.30 4,564.20 4,540.00 (24 Aug 2023) 4,564.20 (25 Aug 2023) Nifty Today LIVE | HDFC Bank, L&T, ITC among top drags in Nifty basket
HDFC Bank, L&T, ITC, and RIL are the top drags in the Nifty baskets at this hour. On the contrary, JFS, Bajaj Twins, Asian Paints and Kotak Bank are among the top mover.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Defence Stocks: Bharat Electronics hits a 52-week high after defence ministry order boost
After the defence ministry approved capital acquisition proposals worth approximately Rs 7,800 crore, including the procurement of an electronic warfare (EW) suite for Mi-17 V5 helicopters, prominent defence stocks such as Hindustan Aeronautics Ltd., Bharat Electronics Ltd., Bharat Dynamics Ltd., and Mazagon Dock Shipbuilders started their respective trading sessions on the BSE on Friday in the green. Read more
Share Market Today LIVE | This small-cap company stock jumps 14%, hits 52-week high in early trade; do you own it?
Kaynes Technology India shares jump as much as 14.18 per cent to hit a 52-week high level of Rs 2,122.85 apiece on the BSE in the early morning trade on Friday, August 25. The stock jumped after the company announced on Thursday that Kaynes Technology and the Karnataka Electronics, IT, and BT Department had signed an MoU to drive innovation. Read more
Stocks to Buy | Marico, Berger Paints, HPCL, IRCTC among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, Sacchitanand Uttekar and Rajesh Palviya 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 Marico, Tata Chemicals, HPCL, Berger Paints, IRCTC and JK Paper. Read more
Dividend Stocks | NCC, Oil India, ABB India among 12 shares trade ex-date today
A total of 12 stocks traded ex-dividend on Friday, August 25, according to the NSE website. The list includes NCC, Oil India, ABB India and nine other stocks.
Engineers India dividend 2023 record date
Engineers India has announced a dividend of Re 1 per equity share with a face value of Rs 5. The record date is also August 25.
NCC dividend 2023 record date
NCC has announced a dividend of Rs 2.2 per equity share with a face value of Rs 2. The record date is also August 25.
Surya Roshni dividend
Surya Roshni has announced a dividend of Rs 4 per equity share with a face value of Rs 10. The record date is also August 25.
Oil India dividend 2023 news
Oil India has announced a dividend of Rs 5.50 per equity share with a face value of Rs 10. Read more
Source: Freepik/ Representational image Share Market Today LIVE | Bajaj Finserv shares gain after Nomura double-upgrades stock to buy
Bajaj Finserv shares gain as much as 1.5 per cent to touch the day's high of Rs 1,491.85 apiece on the NSE after Nomura double-upgrades the scrip to buy from neutral. The global brokerage has raised the target price by 7 per cent to Rs 1,815 from Rs 1,700 on the counter. Mentioning it as more than just a lending business, Nomura expects Bajaj Finserv's strong business momentum to continue. Life insurance is a fast-growing franchise, and general insurance focuses on profitable growth, the brokerage said. 80 per cent of the value of Bajaj Finance is driven by Bajaj Finance itself, the brokerage further said. Read more
Here's how the stock has moved so far:
Source: NSE
Share Market Today LIVE | Paytm shares clock 52-week high amid block deal buzz
Paytm shares register sharp gains on Friday amid reports of a likely block deal in the digital payments company. The stock of Paytm parent One97 Communications gain by as much as Rs 34.8, or 3.8 per cent, to Rs 939 apiece on BSE, surpassing a 52-week high of Rs 931 hit the previous day. Read more
Share Market Today LIVE | Amber Enterprises rises over 3% after block deals
Amber Enterprises shares gain more than 3 per cent to Rs 2,920 apiece on the BSE in the opening deals. According to a Zee Business report, Ascent Investment Holdings was expected to sell a 4 per cent stake in the company today via a block deal at Rs 2,800–Rs 2,815.3 apiece. The size of the deal is estimated at around Rs 379.4 crore. Ascent, as per the report, currently holds a 9.76 per cent stake in Amber Enterprises. Read more
Share Market Today LIVE: Nifty above 19,250, Sensex crack over 400 pts
Nifty 50
Nifty trades above 19,250, down 0.63 per cent in opening deals.
Source: NSESensex
Sensex trades over 400 points lower at 64,835.88 in opening deals.
Source: BSE
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 19,250-19,325 levels and a strong base at 19,000-19,200 levels on Friday, August 25. For the Nifty Bank, he expects support at 44,000-44,200 levels and stronger support at 43,850-43,950 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Infosys, Bharat Electronics, Pharma stocks, Paytm, RIL, Vedanta among stocks to track on Friday
ZeeBiz takes you through the list of stocks that can garner attention on Friday.
Infosys
Indian IT services Infosys on Thursday announced a three-year partnership with 22-time Grand Slam champion Rafael Nadal to rope him in as an ambassador for the brand and Infosys' digital innovation. To mark Nadal's first-ever collaboration with a digital services company, Infosys and Nadal's coaching team are developing an AI-powered match analysis tool, the Bengaluru-headquartered company said in a release. The last time a player of such high stature became the brand ambassador of an Indian company was American golfer Tiger Woods, who inked a deal with Hero MotoCorp in 2014.
Pharma stocks
Indian pharma companies got a boost on Thursday as a Fitch Ratings report said that the government guidelines mandating physicians prescribe only generic drug names face execution challenges and are unlikely to impact the profitability of pharmaceutical companies in the domestic market. The report further said that India's domestic pharmaceutical market is mainly a branded generics market in which pharma companies sell off-patented drugs under their own brand names at varying prices.
One 97 Communications (Paytm)
A block deal is likely in Paytm shares today. ANTFIN may sell 2.27 crore (3.6 per cent stake) shares through a block deal. Antfin holds a 13.49 per cent stake in the company. Recently Antfin sold a 10.3 per cent stake to Vijay Shekhar Sharma (Resilient Asset Management). The company launched India's Festive Wallet Outlook 2023. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 96 points or 0.5 per cent at 19,294 ahead of the opening bell on Dalal Street.
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