Share Market HIGHLIGHTS: Sensex ends volatile session 107 pts lower, Nifty slips to 19,571, halts 2-day winning run; Adani Enterprises falls 3%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex traded in a narrow range on Tuesday throughout the session before ending with minor cuts. 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 traded in a narrow range on Tuesday throughout the session before ending with minor cuts. S&P BSE Sensex ended at 65,846.5, down 107 points, or 0.16 per cent while the NSE's Nifty finished at 19,570.85, down 26 points, or 0.13 per cent.
The stocks were quite lacklustre since the beginning of the trade amid subdued global cues. China's exports fell 14.5 per cent in July year-on-year, while imports contracted 12.4 per cent, customs data showed on Tuesday, in the worst showing for outbound shipments from the world's second-largest economy since February 2020. Besides, Moody's downgraded the credit ratings of several small to mid-sized US banks and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability. Further, Italy has approved a one-off 40 per cent tax on profits banks reap from higher interest rates, and it plans to use the proceeds to help mortgage holders, in a move that sent banking shares plunging.
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 volatile session 107 pts lower, Nifty slips to 19,571
Nifty 50
Nifty settles at 19,570.85, down 0.13 per cent on Tuesday.
Source: NSESensex
Sensex ends volatile session 107 points lower at 65,846.5 on Tuesday.
Source: BSE
Share Market HIGHLIGHTS | JSW Steel, Divi's, M&M emerge as top losers in 50-scrip blue-chip basket
JSW Steel, Divi's, M&M and Hindalco are among the top losers in the Nifty basket, down nearly 3 per cent. On the other hand, SBI Life, Hero MotoCorp, Cipla and TechM are among the top gainers, trading with gains of around 4-1 per cent.
Source: NSE
Share Market Today LIVE | Dr Reddy's, Cipla, Lupin hit 52-week highs
As many as 37 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) AUROPHARMA 867.2 874.6 874.20 (07 Aug 2023) 1,650.00 (07 Jan 2000) BSOFT 452.1 454.55 449.45 (07 Aug 2023) 740.00 (02 Jan 2007) CAPPL 994.5 1,008.55 991.50 (07 Aug 2023) 1,639.00 (03 Sep 2015) CERA 8,398.60 8,460.55 8,195.55 (08 Jun 2023) 8,460.55 (08 Aug 2023) CIPLA 1,266.75 1,268.20 1,238.55 (04 Aug 2023) 12,000.00 (24 Mar 1992) CYIENT 1,588.55 1,659.80 1,654.75 (07 Aug 2023) 1,860.00 (04 Jan 2000) DIXON 4,857.40 4,925.00 4,812.70 (04 Aug 2023) 21,500.00 (15 Mar 2021) DRREDDY 5,659.60 5,737.25 5,734.80 (03 Aug 2023) 5,737.25 (08 Aug 2023) ERIS 809.9 844.9 838.00 (07 Aug 2023) 896.00 (14 Mar 2018) FDC 390.2 391.95 384.10 (04 Aug 2023) 503.00 (24 Aug 1999) FINCABLES 1,085.80 1,105.60 1,091.00 (07 Aug 2023) 1,105.60 (08 Aug 2023) GMRINFRA 52.2 52.52 52.49 (01 Aug 2023) 1,005.00 (13 Jul 2007) GRAPHITE 433.45 472 467.50 (07 Aug 2023) 1,126.40 (14 Aug 2018) GRASIM 1,842.10 1,867.00 1,863.90 (07 Aug 2023) 5,348.50 (05 Aug 2016) HUDCO 68.89 70.3 67.20 (02 Aug 2023) 102.35 (14 Jul 2017) INDIANB 402.55 403.1 349.80 (01 Aug 2023) 428.00 (17 Nov 2017) IRFC 50.35 52 50.62 (07 Aug 2023) 52.00 (08 Aug 2023) ITI 121.8 125.75 122.00 (19 Aug 2022) 275.00 (11 Jan 1994) LTTS 4,275.05 4,370.00 4,316.75 (02 Dec 2022) 5,958.10 (04 Jan 2022) LUPIN 1,083.95 1,094.70 1,094.40 (07 Aug 2023) 2,127.00 (06 Oct 2015) MAHABANK 36.4 36.42 36.25 (15 Dec 2022) 96.50 (07 Jan 2008) MANAPPURAM 144.45 144.7 141.10 (31 Jul 2023) 839.90 (21 Apr 2010) MUTHOOTFIN 1,366.35 1,379.95 1,364.75 (07 Aug 2023) 1,722.55 (15 Nov 2021) NATCOPHARM 875.95 879 859.75 (31 Jul 2023) 2,709.00 (07 Apr 2015) NBCC 48.21 49.62 48.89 (07 Aug 2023) 1,214.50 (06 Aug 2015) NLCINDIA 124.45 125.45 121.45 (25 Jul 2023) 273.90 (04 Jan 2008) PFC 268.9 276.75 267.95 (07 Aug 2023) 383.00 (14 Oct 2010) PHOENIXLTD 1,687.85 1,797.00 1,768.45 (02 Aug 2023) 37,536.25 (21 Sep 2005) POLICYBZR 759.2 816 807.60 (07 Aug 2023) 1,470.00 (17 Nov 2021) POONAWALLA 445.55 451.8 437.90 (07 Aug 2023) 451.80 (08 Aug 2023) PRAJIND 468.7 474 461.50 (11 Oct 2022) 1,103.80 (16 Aug 2005) RECLTD 216.95 220.55 212.80 (07 Aug 2023) 409.50 (11 Oct 2010) SBILIFE 1,349.75 1,358.25 1,339.55 (08 Sep 2022) 1,358.25 (08 Aug 2023) SHYAMMETL 421.55 430.5 410.05 (27 Jul 2023) 461.15 (20 Jul 2021) SUPREMEIND 3,857.65 3,878.45 3,813.60 (25 Jul 2023) 3,878.45 (08 Aug 2023) SYNGENE 822.95 843 840.50 (07 Aug 2023) 843.00 (08 Aug 2023) TORNTPHARM 2,038.90 2,089.85 2,081.30 (04 Aug 2023) 3,304.45 (31 Dec 2021) Tata Power Q1 results preview | EBITDA likely to rise 58% YoY; Mundra Plant's performance key monitorable
Tata Power is expected to report good operational performance for the quarter ended June 30, 2023, when it releases its numbers tomorrow (August 9). The Tata Group power company is estimated to post consolidated revenue of Rs 15,636 crore, up 7.9 per cent on a year-on-year (YoY) basis, according to Zee Business Research. The company posted revenue of Rs 14,495.48 crore in the year-ago period. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is expected to increase 58 per cent YoY to Rs 2,655 crore, while the EBITDA margin is seen at 16.98 per cent against 11.61 per cent logged in the corresponding quarter of the previous fiscal. Read more
Tata Power Q1 results preview | EBITDA likely to rise 58% YoY; Mundra Plant's performance key monitorable
Tata Power is expected to report good operational performance for the quarter ended June 30, 2023, when it releases its numbers tomorrow (August 9). The Tata Group power company is estimated to post consolidated revenue of Rs 15,636 crore, up 7.9 per cent on a year-on-year (YoY) basis, according to Zee Business Research. The company posted revenue of Rs 14,495.48 crore in the year-ago period. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is expected to increase 58 per cent YoY to Rs 2,655 crore, while the EBITDA margin is seen at 16.98 per cent against 11.61 per cent logged in the corresponding quarter of the previous fiscal. Read more
Hindalco Q1 results | Net profit falls 40% to Rs 2,454 crore, margin shrinks to 10.8%
Aditya Birla group metal company Hindalco Industries reported a consolidated net profit of Rs 2,454 crore on Tuesday, translating to a fall of 40.4 per cent compared with the corresponding period a year ago. Its revenue came in at Rs 52,991 crore for the first quarter of the current financial year as against Rs 58,018 crore for the year-ago period, according to a regulatory filing. Read more
Share Market Today LIVE | RailTel Corporation jumps 6% to hits 52-week high on bagging 10-year deal worth Rs 700 crore from Pimpri Chinchwad Smart City
RailTel Corporation Ltd shares registers a new 52-week high of Rs 182.65 apiece on BSE on Tuesday after the company bagged a new order worth Rs 700 crore from Pimpri Chinchwad Smart City Ltd (PCSCL). The Indian Railways public sector undertaking (PSU) has received a deal for a long-term period of 10 years from PCSCL in Pune, Maharashtra.
RailTel Corporation new order details
The state-owned company bagged a 10 year long end-to-end services deal worth a total of Rs 700 crore from Pimpri Chinchwad Smart City for the monetization and end to end service of CT network infrastructure. Read more
Nifty Today LIVE | RIL, M&M, Adani Enterprises among top drags in the Nifty baskets
RIL, M&M, Adani Enterprises and Sun Pharma are among the top drags in the Nifty baskets at this hour. On the contrary, ICICI Bank, Cipla, SBI Life and Hero MotoCorp are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Share Market Today LIVE | Gland Pharma shares hit upper circuit after upbeat Q1 result and strong future outlook
Gland Pharma shares are flying high on the back of strong results and strong guidance as they hit the upper circuit of 20 per cent at Rs 1,612.60 on the BSE today (August 8). After the company's results were announced on Monday evening, Jefferies took a U-turn and upgraded the company's stock from 'underperform' to 'buy' and raised its price target to Rs 1,640. Jefferies said about Gland Pharma's Q1 performance, "Results are good, USA product pricing is improving, and the company is also set to launch new products."
Zee Business managing editor Anil Singhvi gave a buy call to Gland Pharma shares with a stop loss at Rs 1,300 for targets of Rs 1,375, Rs 1,390, Rs 1,400, and Rs 1,425. Read more
Share Market Today LIVE | Torrent Pharma shares hit 52-week high on growth in June quarter net profit and revenue
Torrent Pharmaceuticals Ltd shares registers a new 52-week high of Rs 2,089.85 per piece on the BSE on Tuesday after the company reported a rise in net profit and revenue for the quarter ending June 30, 2023. Read more
Share Market Today LIVE | Volatility index VIX up over 3%
NSE's India VIX index — also known in market parlance as the fear index — is up 3.26 per cent at 11.47 at this hour, having risen as much as 3.8 per cent to 11.52 earlier in the day.
Dividend Stocks | PowerGrid, Castrol India, Sterlite Tech among 6 shares trade ex-date today
A total of six stocks traded ex-dividend on Tuesday, August 8, according to the NSE website.
PowerGrid dividend record date 2023
Power Grid Corporation of India has announced a dividend of Rs 4.75 per equity share with a face value of Rs 10. The record date is also August 8.
WESTLIFE FOODWORLD dividend
WESTLIFE FOODWORLD has announced an interim dividend of Rs 3.45 per equity share with a face value of Rs 2. The record date is also August 8.
Castrol India dividend 2023 record date
Castrol India has announced an interim dividend of Rs 3 per equity share with a face value of Rs 5. The record date is also August 8. Read more
Share Market Today LIVE | OnMobile Global shares zoom as company woos Street with strong Q1 performance
OnMobile Global shares soar on Tuesday after the private sector telecom company reported a strong set of quarterly numbers. The stock of Bengaluru-based OnMobile Global zooms by as much as Rs 12.5 or 15.8 per cent to Rs 91.7 apiece on BSE. After market hours on Monday, OnMobile reported a 2.5 times jump in net profit to Rs 10 crore for the quarter ended June 30 compared with the corresponding period a year ago. Read more
Share Market Today LIVE | PB Fintech under pressure after Q1 results; should you buy, sell or hold the stock?
PB Fintech shares are under pressure on Tuesday a day after the company, which runs portals Policybazaar and Paisabazaar, reported a net loss of Rs 11.9 crore for the April-June period. The stock has fallen by as much as Rs 31.2 or 3.9 per cent to Rs 765.1 apiece on BSE. The company's quarterly loss, however, was better than a net loss of Rs 204 crore for the corresponding period a year ago, according to a regulatory filing. PB Fintech's operating revenue for the three-month period grew 32 per cent Rs 666 crore. Its adjusted earnings before interests, taxes, depreciation and amortisation (EBITDA) stood at Rs 23 crore for the first quarter of the current financial year, as against and EBITDA loss of Rs 66 crore a year ago. Read more
PB Fintech share price target: What should investors do?
Zee Business analyst Varun Dubey recommended buying PB Fintech shares for a target of Rs 830 with a stop loss at Rs 785.
Currency Update | Rupee falls 6 paise to 82.81 against US dollar in early trade
The rupee depreciates 6 paise to 82.81 against the US dollar in early trade on Tuesday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments.
Share Market Today LIVE | Godrej Consumer Products shares under pressure after Q1 results miss estimates; here's what investors may do
Godrej Consumer Products shares registers minor losses on Tuesday, trading within a narrow band, a day after the FMCG major reported a worse-than-expected set of quarterly numbers. The stock of Godrej Consumer Products — whose popular brands include Cinthol, Good Knight, Renew, Ezee and Aer — declines by as much as Rs 6.2 or 0.6 per cent to Rs 1,024.4 apiece on BSE, having slid into the red zone minutes after rising to as high as Rs 1,041.2 apiece.
EDITOR'S TAKE | Godrej Consumer Products futures have support at Rs 1,005 and Rs 1,020 levels
Zee Business Managing Editor Anil Singhvi pointed out that the FMCG company's results were weak on all parameters though its volume growth of 10 per cent in its India business was strong. Read more
Share Market Today LIVE: Sensex rises nearly 50 pts, Nifty firm above 19,600
Nifty 50
Nifty trades above 19,600 in early morning deals.
Source: NSESensex
Sensex rises nearly 50 points in early morning deals.
Source: BSE
Stocks to Watch | Coal India, Hindalco, IdeaForge Tech, Happiest Minds, Tata Chemicals, and Godrej Consumer Products among top stocks to track
Here's a look at the top stocks that may remain in focus today.
It's going to be an earnings-heavy day as an array of companies are slated to release their June quarter numbers today. Some of the prominent names include Coal India, Hindalco, Data Patterns, Happiest Minds Technologies, and Ideaforge Technology, among others.
HDFC Bank: The bank's weightage is expected to increase in the FTSE Emerging All Cap Index. The increase in weightage will be done in three phases: in September, December, and March index reviews. The weightage will increase from 0.81 per cent to 1.52 per cent. The inflows post-weightage increase will be between Rs 3,700 crore and Rs 4,150 crore.
Tata Chemicals: Tata Chemicals, part of the Tata Group, on Monday, reported a 9.67 per cent decline in consolidated net profit at Rs 532 crore during the April-June quarter of the current financial year. The company's net profit stood at Rs 589 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company grew by 5.58 per cent during the quarter under review at Rs 4,218 crore compared to 3,995 crore in the same period of the previous year.
One97 Communications, the parent company of Paytm, is likely to hog the limelight as PwC has resigned as the company's auditor. Read more
Traders' Diary | Buy, sell or hold strategy on HDFC Bank, PB Fintech, RailTel, ICICI Lombard, Mphasis, 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 Tuesday, August 8. Check out which stocks are on analysts Varun Dubey and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy RailTel shares in the cash segment for a target price of Rs 180 with a stop loss at Rs 170
- Buy Torrent Pharma futures for a target of Rs 2,150 with a stop loss at Rs 2,030
- Buy the Rs 1,400 call option of ICICI Lombard for a target of Rs 55 with a stop loss at Rs 35
- Technical pick: Buy PFC shares for a target of Rs 277 with a stop loss at Rs 260
- Fundamental pick: Buy Max Healthcare for a target of Rs 605 with a stop loss at Rs 571
- Investment idea: Buy Affle India shares for an eight-month target of Rs 1,400. 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 35 points or 0.18 per cent at 19,631 ahead of the opening bell on Dalal Street.
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