Share Market HIGHLIGHTS: Sensex ends 232 pts higher, extends gains to 2nd session, Nifty comes within 3 pts of 19,600; Divis, M&M jump over 4%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex ended in the green for the second consecutive session on Monday (August 7) amid healthy buying in healthcare, tech, and telecommunication 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: Indian equity benchmarks Nifty 50 and Sensex ended in the green for the second consecutive session on Monday (August 7) amid healthy buying in healthcare, tech, and telecommunication stocks. The S&P BSE Sensex ended at 65,953.48, up 232 points, or 0.35 per cent while the NSE's Nifty ended at 19,597.3, up 80.3 points, or 0.41 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 232 pts higher, extends gains to 2nd session, Nifty comes within 3 pts of 19,600
Nifty 50
Nifty settles at 19,597.3, up 0.41 per cent on Monday.
Source: NSESensex
Sensex ends 232 points higher at 65,953.48 on Monday.
Source: BSE
Share Market HIGHLIGHTS | Divi's, M&M, SBI Life among the top gainers in the Nifty basket
Divi's, M&M, SBI Life and LTIMindtree are among the top gainers in the Nifty basket, trading with gains of around 5-2 per cent. On the other hand, Britannia India, SBI, Bajaj Auto and Tata Motors are among the top losers, down up to 3 per cent.
Source: NSE
Coal India Q1 Results Preview | PAT estimated to fall 27% YoY, commentary on company's transformation eyed
Coal India (CIL) is expected to post soft numbers for the quarter ended June 30, 2023, according to Zee Business Research. The company, which is slated to release its financial results for the three-month period on August 8, is expected to post consolidated revenue of Rs 34,901 crore, down 0.5 per cent year-on-year (YoY).
EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is estimated to drop 32 per cent YoY to Rs 8,326 crore, while the EBITDA margin is seen at 23.85 per cent against 35 per cent in the corresponding quarter of the previous fiscal year. Profit after tax (PAT) is seen at Rs 6,412 crore, down 27 per cent. The central public sector undertaking (CPSU) posted a net profit of Rs 8,833 crore in the year-ago period. Read more
Share Market Tips LIVE | Buy EIL, Shriram Properties shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying EIL shares for a target of Rs 165 with a stop loss at Rs 140. He recommends buying Shriram Properties shares for a target of Rs 80 with a stop loss at Rs 67.
Nifty Today LIVE | M&M, TCS, ICICI Bank among top movers
M&M, TCS, ICICI Bank and Infy are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, SBI, Kotak Bank, Axis Bank and Tata Motors are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Share Market Today LIVE | Analysts divided on biscuit maker amid intensifying competition, rising finance costs
Britannia shares are under pressure on Monday after the FMCG major reported a mixed set of quarterly numbers amid intensifying competition owing to easing commodity prices. The stock of Britannia — whose popular brands include Tiger, Bourbon, Milk Bikis and Marie Gold — drops by as much as Rs 123.3 or 2.6 per cent to Rs 4,675 apiece on BSE, moving further away from 52-week highs touched last month.
Britannia Q1 results
After market hours on Friday, Britannia reported a net profit of Rs 455 crore for the quarter ended June 30, translating to a year-on-year increase of 35.4 per cent. Read moreGodrej Consumer Q1 results | PAT likely to jump 26% on strong demand
Godrej Consumer Products is scheduled to report its quarterly numbers on Monday, August 7. Analysts expect the FMCG major — whose popular brands include Cinthol, Good Knight, Renew, Ezee and Aer — to report strong results for the April-June period driven by stable demand.
According to Zee Business research, Godrej Consumer Products is expected to report a consolidated net profit of Rs 433 crore for the first quarter of the current financial year, which translates to growth of 25.5 per cent compared with the corresponding period a year ago. The analysts estimate the company's quarterly revenue at Rs 3,491 crore as against Rs 3,125 crore for the year-ago period. Read more
Share Market Today LIVE | Zomato shares gather steam to touch 52-week high; here's what's driving the stock
Online food delivery firm Zomato's shares touches a 52-week high on Monday, continuing to rise for the fifth session in a row. The Zomato stock gains by as much as Rs 7.4 or 7.8 per cent to Rs 102.9 apiece on BSE, surpassing a 52-week high touched on Friday.
Last week, Zomato reported an ahead-of-schedule quarterly net profit, in a sign it was on track to sustained earnings growth. The company had reported net losses for each of the eight quarters since it went public in 2021. Read more
Mahindra & Mahindra Q1 review | Analysts give a thumbs up to June quarter nos; stock likely to rise up to 20%
Mahindra & Mahindra (M&M) shares gained as much as 3.4 per cent to Rs 1,515 apiece on the BSE on Monday. The company, on Friday, released its June quarter numbers, wherein the auto major reported a consolidated net profit of Rs 3,508 crore, up 60 per cent year-on-year (YoY) against Rs 2,196 crore logged in the year-ago period. Consolidated revenue for the quarter under review came in at Rs 33,892 crore, up 19 per cent YoY. Read more
Share Market Today LIVE | Concord Biotech IPO subscribed 1.97 times on Day 2 so far
Concord Biotech’s initial public offer (IPO), worth an estimated Rs 1,551 crore, receives bids for 2,88,35,180 shares as against the 1,46,50,957 shares on offer, a subscription of 1.97 times, according to provisional exchange data on the second day of the bidding process so far. Read more
Share Market Today LIVE | SBFC Finance IPO subscribed 9.5 times on final day so far
SBFC Finance’s initial public offer (IPO), estimated to be worth Rs 1,025 crore, receives bids for 1,26,32,03,500 shares as against the 13,35,12,817 shares on offer, a subscription of 9.5 times, according to provisional exchange data on the third and final day of the bidding process. Read more
Stocks to Buy | HDFC Bank, Wipro, Tech Mahindra, DLF, India Cements among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Kunal Saraogi, Sumeet Bagadia, Jay A Thakkar and Sandeep Jain share their top recommendations in this special segment, Pick of the Week.
On the top analysts' 'buy' list are stocks such as Wipro, Balmer Lawrie, India Cements, Tech Mahindra, Nuvoco Vistas, HDFC Bank, Indian Cements, Esab India, Sasken Tech, Balrampur Chini, ABB, CRISIL and RHI Magnestia India. Read more
Dividend Stocks | RITES, Gabriel India, Karur Vysya Bank among 5 shares trade ex-date today
A total of five stocks traded ex-dividend on Monday, August 7, according to the NSE website.
RITES dividend
RITES has announced an interim dividend of Rs 3.75 per equity share with a face value of Rs 10. The record date is also August 7.
Navneet Education dividend
Navneet Education has announced a dividend of Rs 2.6 per equity share with a face value of Rs 2.
Gabriel India dividend
Gabriel India has announced a dividend of Rs 1.65 per equity share with a face value of Re 1. Read more
Image: Pixabay / Representational image Share Market Today LIVE | Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Antfin; stock zooms 11%
Shares of One97 Communications, the parent company of digital payments company Paytm, zooms over 11 per cent on Monday after the company informed bourses that Vijay Shekhar Sharma, the founder, managing director, and CEO, will purchase a 10.3 per cent stake in the company, as per the firm's regulatory filing on August 7. The stock opened at Rs 865 and gained as much as over 11 per cent to touch the day's high of Rs 887.7 from the previous close of Rs 796.6 on the NSE. The stock trades at Rs 855.5 apiece, up by Rs 58.9, or 7.39 per cent on the NSE.
Sharma will buy the stake from Antfin (Netherlands). Read more
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 19,385-19,435 levels and a strong buy zone at 19,300-19,350 levels on Monday, August 7. For the Nifty Bank, he expects support at 44,525-44,625 levels and a strong buy zone at 44,275-44,400 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 8 paise to 82.73 against US dollar in early trade
Share Market Today LIVE: Sensex rises 150 pts, Nifty crosses 19,550
Nifty 50
Nifty trades up 0.22 per cent at 19,560 in early morning deals.
Source: NSESensex
Sensex rises nearly 150 points to trade at 65,853.74 in early morning deals.
Source: BSE
Traders' Diary | Buy, sell or hold strategy on M&M, Britannia, BHEL, Delhivery, Delta Corp, 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 Monday, August 7. 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 KRBL shares in the cash segment for a target price of Rs 400 with a stop loss at Rs 380
- Sell Delta Corp futures for a target of Rs 182 with a stop loss at Rs 191
- Buy the Rs 1,460 call option of Mahindra & Mahindra at Rs 45 for a target of Rs 65 with a stop loss at Rs 35
- Technical pick: Buy IFGL Refractories shares for a target of Rs 500 with a stop loss at Rs 480
- Fundamental pick: Buy Aurobindo Pharma shares for a target of Rs 860 with a stop loss at Rs 830
- Investment idea: Buy Kaynes Tech shares for a 12-month target of Rs 2,150. Read more
Stocks to Watch | Britannia, Bank of Baroda, BHEL, Delhivery, M&M, Oil India, Balkrishna Industries among top stocks to track
Here's a list of stocks that may remain in focus today.
Britannia Industries: On Friday, the bakery food company Britannia Industries Ltd reported a 35.65 per cent rise in consolidated net profit at Rs 455.45 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 335.74 crore in the April-June quarter a year ago, Britannia Industries said in a BSE filing.
Bank of Baroda: Bank of Baroda on Saturday reported a robust set of numbers with an 87.7 per cent on-year jump in net profit at Rs 4,070 crore in the June quarter, driven by higher interest income from an above-industry level loan growth and better margins. The bottom line was also helped by lower provisions for bad loans as the asset quality improved vastly.
Yatharth Hospital: Shares of the company are expected to list on bourses today. 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 49.5 points or 0.25 per cent at 19,608 ahead of the opening bell on Dalal Street.
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