Share Market HIGHLIGHTS: Sensex ends 481 pts higher, Nifty reclaims 19,500; Cipla, Tech Mahindra rise up to 3.5%; SBI drops 3%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex ended on a positive note on Friday, thereby ending a three-day losing streak amid across-the-board buying. 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: Indian equity benchmarks Nifty 50 and Sensex ended on a positive note on Friday, thereby ending a three-day losing streak amid across-the-board buying. At close, the S&P BSE Sensex ended at 65,721.25, up 480.57 points, or 0.74 per cent while the NSE's Nifty ended at 19,517, down 135.35 points, or 0.7 per cent.
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 | Sensex ends 481 pts higher, Nifty reclaims 19,500
Nifty 50
Nifty finishes at 19,517, up 0.7 per cent on Friday.
Source: NSESensex
Sensex ends 481 points higher at 65,721.25 on Friday.
Source: BSE
Share Market HIGHLIGHTS | Cipla, IndusInd Bank, TechM among the top gainers in the Nifty basket
Cipla, IndusInd Bank, TechM and Wipro are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, State Bank of India, Bajaj Auto, BPCL and Maruti Suzuki are among the top losers, down around 3-1 per cent.
Source: NSE
Share Market Today LIVE | Zomato, LIC Housing Finance rise most among almost 331 gainers in BSE 500 universe
On the other hand, JM Financial, Mahanagar Gas, and Cummins India were the worst hit among 167 laggards.
Source: BSE
Share Market Today LIVE | IDBI, Lupin, MRF, other stocks hit 52-week high
As many as 14 hit a 52-week high from S&P BSE 200 basket.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ABBOTINDIA 23,897.05 24,682.45 24,624.00 (03 Aug 2023) 24,682.45 (04 Aug 2023) ALKEM 4,096.45 4,100.00 4,080.00 (03 Aug 2023) 4,100.00 (04 Aug 2023) ASTRAL 2,037.00 2,057.95 2,042.25 (01 Aug 2023) 2,654.00 (09 Sep 2022) AUROPHARMA 842.1 855.4 855.00 (03 Aug 2023) 1,650.00 (07 Jan 2000) CIPLA 1,207.00 1,238.55 1,194.55 (27 Jul 2023) 12,000.00 (24 Mar 1992) DIXON 4,668.05 4,812.70 4,729.80 (20 Jun 2023) 21,500.00 (15 Mar 2021) IDBI 63.8 65.75 64.69 (03 Aug 2023) 202.25 (11 Nov 2010) IRFC 45.67 48.29 45.25 (03 Aug 2023) 48.29 (04 Aug 2023) LUPIN 1,073.00 1,078.00 1,040.75 (03 Aug 2023) 2,127.00 (06 Oct 2015) MARICO 575.1 581.95 577.25 (28 Jul 2023) 768.00 (16 Mar 1999) MRF 1,11,591.45 1,11,939.95 107,500.00 (03 Aug 2023) 111,939.95 (04 Aug 2023) NAUKRI 4,890.75 4,935.00 4,765.90 (17 Jul 2023) 7,462.95 (19 Oct 2021) POLICYBZR 776.8 787.5 782.15 (20 Jul 2023) 1,470.00 (17 Nov 2021) TORNTPHARM 2,050.05 2,081.30 2,036.15 (28 Jul 2023) 3,304.45 (31 Dec 2021) ZOMATO 95.87 98.39 88.46 (03 Aug 2023) 169.10 (16 Nov 2021) SBI Q1 Results | Net profit grows 2.8 times, exceeds Street estimates; stock down over 1%
State Bank of India (SBI) — the country's largest lender — on Friday reported a net profit of Rs 16,880 crore for the April-June period, beating analysts' estimates. The state-run bank had registered a net profit of Rs 6,068 crore for the corresponding quarter a year ago. Its net interest income (NII) — or the difference between interest earned and interest paid — came in at Rs 38,904 crore for the first quarter of the current financial year, according to a regulatory filing. The counter after the announcement, trades at Rs 583.2, down by Rs 7.3 or 1.24 per cent on NSE. Read more
Mahindra & Mahindra Q1 Results | Net profit jumps 60% YoY to Rs 3,508 crore; stock up 2%
Mahindra & Mahindra (M&M) on Friday reports a consolidated net profit of Rs 3,508 crore for the quarter ended June 30, 2023, up 60 per cent year-on-year (YoY) against Rs 2,196 crore in the year-ago period. Consolidated revenue for the quarter under review comes in at Rs 33,892 crore, up 19 per cent YoY. The counter trades at Rs 1,496.65, up by Rs 27.5 or 1.87 per cent on NSE. Read more
Nifty Today LIVE | HDFC Bank, RIL, Infy among top movers
HDFC Bank, RIL, Infy and ICICI Bank are the top movers in both the Nifty baskets at this hour. On the contrary, ITC, Sun Pharma, Bajaj Auto and PowerGrid Tech are among the top drag.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Stocks to Buy | IRCTC, Torrent Power, HAL, UltraTech Cement, Dixon Tech among anaysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, Sandeep Wagle, Sacchitanand Uttekar and Rajesh Palviya share their top recommendations for the day in this special segment. On the top analysts' 'buy' list are stocks such as IRCTC, RIL, Ambuja Cements, Torrent Power, HAL, UltraTech Cement and Dixon Tech. Read more
Share Market Today LIVE | Zomato, Cipla, IRFC, other stocks hit 52-week highs
As many as 30 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) ABBOTINDIA 24,024.95 24,682.45 24,624.00 (03 Aug 2023) 24,682.45 (04 Aug 2023) AKZOINDIA 2,854.60 2,949.95 2,930.00 (03 Aug 2023) 2,949.95 (04 Aug 2023) AMBER 2,539.00 2,633.00 2,524.90 (27 Jul 2023) 4,023.65 (02 May 2022) BSOFT 439.35 443 434.90 (01 Aug 2023) 740.00 (02 Jan 2007) CAPPL 948.5 978.45 941.00 (03 Aug 2023) 1,639.00 (03 Sep 2015) CIPLA 1,209.40 1,238.55 1,194.55 (27 Jul 2023) 12,000.00 (24 Mar 1992) CYIENT 1,561.75 1,572.00 1,552.60 (03 Jul 2023) 1,860.00 (04 Jan 2000) DIXON 4,635.95 4,812.70 4,729.80 (20 Jun 2023) 21,500.00 (15 Mar 2021) ERIS 829 837.8 817.60 (03 Aug 2023) 896.00 (14 Mar 2018) FDC 380.65 384.1 378.45 (03 Aug 2023) 503.00 (24 Aug 1999) FSL 148.6 151.95 147.45 (01 Aug 2023) 242.65 (19 Jul 2021) GESHIP 817.9 834 819.85 (14 Jul 2023) 834.00 (04 Aug 2023) HINDCOPPER 155.95 157.3 153.65 (03 Aug 2023) 656.95 (20 Jan 2010) IBULHSGFIN 165.5 169.3 166.75 (03 Aug 2023) 1,439.40 (29 Jan 2018) IDBI 64.55 65.75 64.69 (03 Aug 2023) 202.25 (11 Nov 2010) INTELLECT 692.25 715.35 694.15 (31 Jul 2023) 986.00 (07 Apr 2022) IRFC 46.08 48.29 45.25 (03 Aug 2023) 48.29 (04 Aug 2023) JYOTHYLAB 321.5 332 321.55 (26 Jul 2023) 964.40 (02 Jan 2008) LINDEINDIA 5,122.00 5,175.25 5,125.00 (01 Aug 2023) 5,175.25 (04 Aug 2023) LUPIN 1,042.00 1,059.55 1,040.75 (03 Aug 2023) 2,127.00 (06 Oct 2015 MAPMYINDIA 1,552.25 1,563.00 1,558.30 (03 Aug 2023) 1,918.35 (17 Jan 2022) MARICO 575.1 581.95 577.25 (28 Jul 2023) 768.00 (16 Mar 1999) MIDHANI 381.5 390 382.30 (03 Aug 2023) 390.00 (04 Aug 2023) MRF 1,10,200.95 1,10,201.25 107,500.00 (03 Aug 2023) 110,201.25 (04 Aug 2023) NAUKRI 4,801.80 4,849.00 4,765.90 (17 Jul 2023) 7,462.95 (19 Oct 2021) NBCC 47.23 47.37 46.72 (02 Aug 2023) 1,214.50 (06 Aug 2015) PGHL 5,440.75 5,496.50 5,490.00 (03 Aug 2023) 7,499.95 (11 Feb 2021) TORNTPHARM 2,027.85 2,041.05 2,036.15 (28 Jul 2023) 3,304.45 (31 Dec 2021) WELSPUNIND 115.15 116.9 116.00 (01 Aug 2023) 1,007.15 (14 Mar 2016) ZOMATO 95.38 98.39 88.46 (03 Aug 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | Sun Pharma slips over 1% after June quarter numbers; what lies ahead?
Shares of Sun Pharmaceutical Industries slips over 1 per cent, a day after the pharma major reported a 2 per cent decline in its consolidated net profit at Rs 2,022 crore for the first quarter ended June 30, 2023. The drug major reported a net profit of Rs 2,061 crore in the April-June period a year ago. The company said its adjusted net profit (excluding the exceptional items) for the June quarter stood at Rs 2,345 crore, up 14 per cent over the same period last year. Read more
Share Market Today LIVE | LIC Housing Finance woos Street with better-than-expected profit, NII, sharp jump in NIM
LIC Housing Finance shares soar on Friday, trading in large volumes after the housing finance company reported a mixed set of quarterly results. The LIC Housing Finance (LICHSGFIN) stock gain by as much as Rs 28.3 or 7.2 per cent to Rs 422.2 apiece on BSE, coming within Rs 25 of a 52-week high touched in September last year. As many as 2.8 lakh LIC Housing Finance shares changed hands on the bourse so far on Friday, as against a daily average of 95,000 in the past two weeks, according to provisional exchange data. Read more
Share Market Today LIVE | Eicher Motors surges 3% after Q1 results announcement; here is what top brokerages say
Shares of Eicher Motors, the parent company of Royal Enfield bike manufacturer, surges as much as 2.9 per cent to Rs 3,478.15 apiece on the BSE on Friday (August 4), a day after the company released its June quarter numbers.
For the June quarter, the company reported a consolidated net profit of Rs 918 crore, up 50 per cent on the back of strong sales across domestic and international markets. Total revenue from operations rose to Rs 3,986 crore in the first quarter as against Rs 3,397 crore in the year-ago period, Eicher Motors said in a regulatory filing. Read more
Share Market Today LIVE | Analysts see Bharti Airtel stock growing 20% in a year as Street cheers telecom major's strong Q1 operational performance
Bharti Airtel shares register marginal gains on Friday, a day after the private sector telecom major reported a strong operational performance in the June quarter. The Bharti Airtel stock gain by as much as Rs 5.6 or 0.6 per cent to Rs 877.5 apiece on BSE. Zee Business Managing Editor Anil Singhvi said the company staged a strong operational performance. He sees support for Bharti Airtel futures at Rs 855 and a higher level at Rs 890. Read more
Share Market Today LIVE | Zomato shares zoom nearly 14% to hit 52-week high after reporting profit for the first time since listing
Shares of Zomato skyrockets a day after the online food delivery firm reported its first-ever consolidated profit after tax (PAT) of Rs 2 crore for the April-June quarter of 2023–24 (Q1FY24), helped by a tax gain and strong orders in its food and grocery delivery businesses. The scrip jumped as much as 13.6 per cent to hit a 52-week high of Rs 98.40 on the NSE.
The counter trades at Rs 95.65, up by Rs 9.1 or 10.51 per cent on the NSE. The company posted a net loss of Rs 186 crore in the same quarter last fiscal.Consolidated revenue from operations in the first quarter of the current fiscal came in at Rs 2,416 crore as against Rs 1,414 crore logged in the year-ago period, it added.
Besides, block deals worth Rs 1.74 crore took place in the early morning, as per a Zee Business report. Read moreImage source: Reuters/ 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 Nifty index coming in at 19,300-19,350 levels and a strong buy zone at 19,200-19,235 levels on Friday, August 4. For the Nifty Bank, he expects support at 44,275-44,400 levels and a strong buy zone at 44,125-44,225 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE: Sensex rises over 250 pts, Nifty crosses 19,450
Nifty 50
Nifty trades at 19,471.85, up 0.47 per cent in early morning deals.
Source: NSESensex
Sensex trades at 65,508.15, up by over 250 points in early morning deals.
Source: BSE
Stocks to Watch | Eicher Motors, Bharti Airtel, SBI, Britannia, Sun Pharma, KEC International among top stocks to track today
Here's a list of top stocks that may remain in focus today.
Eicher Motors
Eicher Motors on Thursday said its consolidated net profit increased by 50 per cent to Rs 918 crore for the first quarter ended June 30, 2023, on the back of strong sales across domestic and international markets. The company, which reported a net profit of Rs 611 crore in the April-June period of last fiscal, said it is in the process of setting up a production capacity of 1.5 lakh electric vehicle units.
Earnings today
SBI, M&M, and Britannia are scheduled to report their June quarter earnings.
Sun Pharma
Sun Pharmaceutical Industries on Thursday reported a 2 per cent decline in its consolidated net profit at Rs 2,022 crore for the first quarter ended June 30, 2023. The drug major had reported a net profit of Rs 2,061 crore in the April-June period a year ago.
KEC International
Engineering and construction company KEC International posted a bigger-than-expected rise in first-quarter profit on Thursday, boosted by strong infrastructure demand. Consolidated profit for RPG Group's flagship company rose 36.5% to 423.3 million rupees ($5.11 million), while revenue rose 27.9% year-on-year to 42.44 billion rupees. Read more
Traders' Diary | Buy, sell or hold strategy on RBL Bank, Paytm, MGL, Bharti Airtel, Lupin, 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 Friday, August 4. Check out which stocks are on analysts Kushal Gupta and Arman Nahar'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 Piramal Pharma shares in the cash segment for a target price of Rs 109 with a stop loss at Rs 102
- Sell Deepak Nitrite futures for a target price of Rs 1,970 with a stop loss at Rs 2,060
- Buy the Rs 1,030 call option of Lupin at Rs 43 for a target of Rs 63 with a stop loss at Rs 33
- Technical pick: Sell RBL Bank futures for a target price of Rs 205 with a stop loss at Rs 218
- Fundamental pick: Buy Bharti Airtel shares for a 12-month target of Rs 1,050
- Investment idea: Buy Dabur shares for a 12-month target of Rs 650 Read more
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 up 27 points or 0.14 per cent at 19,484.5 ahead of the opening bell on Dalal Street.
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