Share Market HIGHLIGHTS: Sensex ends 388 pts lower, halts 2-day winning run, Nifty gives up 19,400; ITC, LTIM, PowerGrid drop 2%
Share Market HIGHLIGHTS: The domestic equity market on Thursday, August 17, ended in negative territory amid selling in auto, bank, FMCG, IT, financial services, and pharma stocks. The US Fed's hawkish commentary and weakness in Asian markets dented investor sentiment in the Indian market. S&P BSE Sensex ended 388.4 points, or 0.59 per cent lower at 65,151.02, while the NSE Nifty slipped 99.75 points, or 0.51 per cent to settle at 19,365.25.
Broder market indices, on the other hand, ended in the green. The Nifty Mid Cap 100 was up 0.25 per cent and the Nifty Small Cap 100 was up 0.14 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:
Share Market HIGHLIGHTS: The domestic equity market on Thursday, August 17, ended in negative territory amid selling in auto, bank, FMCG, IT, financial services, and pharma stocks. The US Fed's hawkish commentary and weakness in Asian markets dented investor sentiment in the Indian market. S&P BSE Sensex ended 388.4 points, or 0.59 per cent lower at 65,151.02, while the NSE Nifty slipped 99.75 points, or 0.51 per cent to settle at 19,365.25.
Broder market indices, on the other hand, ended in the green. The Nifty Mid Cap 100 was up 0.25 per cent and the Nifty Small Cap 100 was up 0.14 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 388 pts lower, halts 2-day winning run, Nifty gives up 19,400
Nifty 50
Nifty ends at 19,365.25, down 0.51 per cent.
Source: NSE
Sensex
Sensex ends 388 points lower at 65,151.02 on Thursday.
Source: BSE
Share Market HIGHLIGHTS | ITC, LTIMindtree, PowerGrid among the top losers in Nifty basket
ITC, LTIMindtree, PowerGrid and RIL are among the top losers, down around 2 per cent in the Nifty basket. On the other hand, Adani Ports, Titan, Adani Enterprises and Bajaj Auto are among the top gainers, trading with gains of around 1-4 per cent.
Source: NSE
Share Market Today LIVE | HDFC Bank, ICICI Bank, Kotak Bank come in the way of Nifty Bank halting 5-day losing streak
Banking stocks remain a mixed bag on Thursday, a day after Fitch said Indian lender's operating environment has grown stronger with the easing of the risks associated with the COVID pandemic, but also flagged certain structural issues in the sector, such as lengthy legal processes. The agency also highlighted that the bad bank, incorporated in July 2021, has not yet played a meaningful role.
In afternoon deals, Punjab National Bank, Bank of Baroda and Axis Bank shares held on firmly to the green with gains of one per cent each, and the SBI stock edged 0.2 per cent higher. On the other hand, stocks such as Kotak Mahindra Bank, ICICI Bank and HDFC Bank struggled below the flatline, with losses of around half a per cent each. Read more
Share Market Today LIVE | This small-cap stock hits record high in fag-end of trade; here is why
Shares of HP Adhesives hit an all-time high of Rs 535.05 apiece on the BSE on Thursday after the company announced its board would consider a stock split on September 4. The stock rallied as much as 6.37 per cent to scale the record peak mark. Read more
Share Market Today LIVE | Concord Biotech shares to debut on Friday
Global Biotechnology Company, Concord Biotech, is set to list its initial public offering (IPO) on Friday, August 18, 2023) on the BSE and the NSE. Concord Biotech, which manufactures Active Pharmaceutical Ingredients (API) through fermentation and semi-synthetic processes and finished formulations, has an issue size of Rs 1,551 crore. The price band for the share is Rs 705 to Rs 741. The IPO is a complete offer for sale where 2.09 crore shares are up for grabs. Read more
Share Market Tips LIVE | Buy Sona BLW, Nelco shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Sona BLW Precision shares for a target of Rs 595 with a stop loss at Rs 555. Besides, he recommends buying Nelco shares for a target of Rs 830 with a stop loss at Rs 775.
Share Market Today LIVE | Cipla shares edge lower after FDA temporarily suspends licence for Patalganga manufacturing facility in Maharashtra
Pharmaceutical company Cipla shares edge lower after the company disclosed that the licence for its Patalganga manufacturing plant in Raigad district of Maharashtra has been temporarily suspended by authorities. The counter trades at Rs 1,234.45, down Rs 7.7 or 0.62 per cent on BSE.
In a filing to the stock exchanges on Wednesday, the pharmaceutical company said that its Food and Drug Administration (FDA) license was suspended for 10 days after the Konkan division of the state Food and Drug Administration found that the site was not conforming to good manufacturing practices under the Drugs and Cosmetics Act 1940. Read more
Share Market Today LIVE | Escorts Kubota, Lupin, Cochin Shipyard, other stocks hit 52-week highs
As many as 26 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) |
| AJANTPHARM | 1,771.25 | 1,804.70 | 1,804.00 (16 Aug 2023) | 3,450.00 (12 Mar 2015) |
| AMBER | 2,793.20 | 2,845.45 | 2,633.30 (16 Aug 2023) | 4,023.65 (02 May 2022) |
| APARINDS | 4,398.20 | 4,451.60 | 4,336.15 (16 Aug 2023) | 4,451.60 (17 Aug 2023) |
| BSOFT | 467.1 | 469 | 455.35 (09 Aug 2023) | 740.00 (02 Jan 2007) |
| CGPOWER | 414 | 425 | 424.95 (19 Jul 2023) | 3,000.00 (31 Mar 1992) |
| COCHINSHIP | 882.1 | 904.4 | 822.00 (16 Aug 2023) | 904.40 (17 Aug 2023) |
| DATAPATTNS | 2,230.00 | 2,266.75 | 2,250.75 (13 Jul 2023) | 2,266.75 (17 Aug 2023) |
| ESABINDIA | 5,167.90 | 5,195.00 | 5,125.00 (16 Aug 2023) | 5,195.00 (17 Aug 2023) |
| ESCORTS | 2,789.15 | 2,799.00 | 2,713.85 (16 Aug 2023) | 2,799.00 (17 Aug 2023) |
| HUDCO | 70.75 | 71.75 | 70.30 (08 Aug 2023) | 102.35 (14 Jul 2017) |
| IDFCFIRSTB | 89.1 | 89.99 | 89.50 (01 Aug 2023) | 89.99 (17 Aug 2023) |
| JSWENERGY | 356.85 | 370.9 | 370.00 (16 Aug 2023) | 408.70 (14 Oct 2021) |
| JYOTHYLAB | 324.5 | 338.55 | 332.00 (04 Aug 2023) | 964.40 (02 Jan 2008) |
| KALYANKJIL | 224.95 | 228.5 | 225.20 (16 Aug 2023) | 228.50 (17 Aug 2023) |
| KSB | 2,731.55 | 2,764.25 | 2,762.15 (03 Aug 2023) | 2,764.25 (17 Aug 2023) |
| LATENTVIEW | 429.4 | 433.8 | 422.00 (12 Sep 2022) | 755.00 (26 Nov 2021) |
| LUPIN | 1,095.30 | 1,143.70 | 1,115.40 (16 Aug 2023) | 2,127.00 (06 Oct 2015) |
| MANAPPURAM | 151.2 | 152.3 | 149.75 (16 Aug 2023) | 839.90 (21 Apr 2010) |
| OIL | 285.9 | 291.25 | 286.90 (16 Aug 2023) | 1,635.00 (15 Sep 2010) |
| POLYCAB | 4,806.20 | 4,911.30 | 4,875.25 (01 Aug 2023) | 4,911.30 (17 Aug 2023) |
| PRAJIND | 482.6 | 494.9 | 494.80 (10 Aug 2023) | 1,103.80 (16 Aug 2005) |
| RECLTD | 233.6 | 234.2 | 230.70 (11 Aug 2023) | 409.50 (11 Oct 2010) |
| SUVENPHAR | 520.95 | 534.55 | 526.60 (16 Aug 2023) | 825.00 (18 Sep 2020) |
| TRENT | 1,972.60 | 1,984.80 | 1,966.50 (16 Aug 2023) | 2,442.40 (07 Sep 2016) |
| UNOMINDA | 636.5 | 660.3 | 624.55 (16 Aug 2023) | 1,648.00 (08 Sep 2016) |
| VBL | 922.75 | 934.5 | 903.40 (16 Aug 2023) | 1,747.15 (26 May 2023) |
Share Market Today LIVE | Piramal Pharma rights issue gets fully subscribed
Garden Reach Shipbuilders, Cochin Shipyard: Shipping stocks jump up to 39% in one week; what's driving the rally?
Shipping stocks continue their dream run. Cochin Shipyard is up over 11 per cent, and Shipping Corporation of India and Garden Reach Shipbuilders more than six per cent each.
What's driving the gains in these stocks?
According to Zee Business Research, the government has cleared projects worth Rs 19,000 crore for shipping companies in which five fleet support ships will be manufactured and one fleet support ship will be delivered in four years. This is one of the reasons behind the rally.
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Image: PTI
Share Market Today LIVE | Lupin shares hit fresh 52-week high on the back of drug launch and USFDA approval
Shares of Lupin Ltd hit a new 52-week high on Thursday on the back of the launch of its generic drug to combat Chronic Obstructive Pulmonary Disease (COPD) as well as receiving approval from the United States Food and Drug Administration for another product. The company’s share price hit a new 52-week high of Rs 1,143.7 apiece on the BSE. Shares trade at Rs 1,095.65, down by 1.55 per cent on BSE. Read more
Share Market Today LIVE | GMDC board to discuss higher dividend for FY2022-23
The board of Gujarat Mineral Development Corporation Limited, NSE: GMDCLTD is scheduled today, August 17 for consideration of upward revision in the rate of dividend recommended for the FY 2022-23.
Share Market Today LIVE | IRFC shares slip nearly 6% as government plans to sell part of its holdings in PSU
Shares of Indian Railway Finance Corp (IRFC) slip as much as 5.6 per cent to Rs 48.25 apiece on Thursday (August 17), a day after the government announced it was planning to sell over 11 per cent stake in the state-owned company via an offer for sale (OFS) in the current fiscal (FY24).
The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways. According to a PTI report, a government official said an inter-ministerial group (IMG) comprising senior officers from the Department of Investment and Public Asset Management (DIPAM) and the Railways Ministry had started consultations to decide on the quantum of stake dilution. Read more
Nifty Today LIVE | ITC, RIL, TCS among top drags
ITC, RIL, TCS, L&T and ICICI Bank are among the top drags in the Nifty baskets at this hour. On the contrary, Titan, Axis Bank, Adani Ports and State Bank of India are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE