Share Market HIGHLIGHTS: Nifty slips below 19k; Sensex settles 284 pts lower; IT stocks decline
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Wednesday, November 1, settled in the red for the second consecutive session, dragged by weakness in metals due to weak economic data from China and on jitters ahead of the US Federal Reserves policy decision. 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 on Wednesday, November 1, settled in the red for the second consecutive session, dragged by weakness in metals due to weak economic data from China and on jitters ahead of the US Federal Reserve's policy decision.
At close, the S&P BSE Sensex was down 283.6 points, or 0.44 per cent, at 63,591.33, and the NSE Nifty ended 90.45 points lower, or 0.47 per cent, down at 18,989.15. In the Nifty basket, 36 stocks finished negative, with Adani Enterprises, Coal India, SBI Life, Adani Ports, and Tata Steel being the major laggards, slipping 2.01 to 3.43 per cent for the day. Conversely, Sun Pharma, BPCL, HDFC Life, Hindalco, and Tata Consumer Products were the top gainers. High-beta Nifty Bank was down 0.34 per cent at 42,700.95.
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 slips below 19k; Sensex settles 284 pts lower
Nifty 50
Nifty slips below 19k, down 0.47 per cent.
Source: NSESensex
Sensex settles 284 points lower at 63,592.
Source: BSE
Share Market Tips LIVE | Buy Phoenix Mills, Kfin Tech shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Phoenix Mills shares for a target of Rs 1,960 with a stop loss at Rs 1,850. Besides, he recommends buying Kfin Tech shares for a target of Rs 475 with a stop loss at Rs 440.
Share Market Today LIVE | DLF, Birlasoft, other stocks hit 52-week highs
As many as 12 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) ANGELONE 2,615.60 2,677.00 2,600.55 (31 Oct 2023) 2,677.00 (01 Nov 2023) BSOFT 577.3 583.1 559.95 (18 Oct 2023) 740.00 (02 Jan 2007) DLF 575 586.65 576.55 (13 Oct 2023) 1,225.00 (15 Jan 2008) ESABINDIA 5,769.05 5,857.90 5,853.35 (23 Aug 2023) 5,857.90 (01 Nov 2023) GODFRYPHLP 2,341.70 2,375.00 2,357.40 (18 Oct 2023) 3,944.00 (27 Apr 2012) IDEA 12.87 13.54 12.45 (27 Sep 2023) 203.90 (17 Apr 2015) MOTILALOFS 1,001.50 1,093.80 1,068.00 (31 Oct 2023) 2,270.00 (04 Jan 2008) PATANJALI 1,351.55 1,439.70 1,419.85 (02 Nov 2022) 1,535.00 (29 Jun 2020) PERSISTENT 6,223.40 6,258.95 6,198.95 (31 Oct 2023) 6,258.95 (01 Nov 2023) SANOFI 7,577.05 7,630.00 7,587.95 (07 Aug 2023) 9,300.00 (10 Aug 2021) SOLARINDS 5,541.20 5,678.90 5,584.15 (31 Oct 2023) 5,678.90 (01 Nov 2023) WELSPUNIND 151.95 158.3 158.05 (30 Oct 2023) 1,007.15 (14 Mar 2016) Share Market Today LIVE | Nifty Auto trades 0.11% lower
Source: NSE
Share Market Today LIVE | Nifty Bank trades over 150 pts lower
Source: NSE
Share Market Today LIVE | Navin Fluorine shares under pressure after specialty chemical maker disappoints Street with weak Q2 results
Navin Fluorine International (NAVINFLUOR) shares face selling pressure on Wednesday after the specialty chemicals manufacturer reported a weak set of financial results. The stock of the Mumbai-based company decline by as much as Rs 64.2, or 1.9 per cent, to Rs 3,374 apiece during the session on BSE. Read more
Hero MotoCorp Q2 Results Preview | Automaker's EBITDA set to soar because of reduction in input cost, better operating performance
A reduction in input cost and better operating performance is likely to translate into a 24.3 per cent increase in its EBITDA as India's largest two-wheeler manufacturer, Hero MotoCorp, is set to announce its second-quarter results on Wednesday (November 1, 2023).
Zee Business research expects the automaker's standalone profit after tax to increase by 24.3 per cent to Rs 1,290 crore in Q2 from Rs 1,038 crore in the year-ago period. Read more
Diwali Investment Ideas | Analysts share their top stock picks this Diwali
In conversation with Zee Business Managing Editor Anil Singhvi, market experts share their top investment recommendations for this Diwali season in this special segment, 'Diwali Investment Idea Picks'. Here's a list of top investment ideas by market experts.
Trent
Independent market expert Hemang Jani recommends buying Trent shares for a one-year target of Rs 2,500.
Kirloskar Oil Engines
Sanjeev Hota of Sharekhan recommends buying Kirloskar Oil Engines shares for a one-year target of Rs 680.
Coal India
Soni Patnaik of JM Financial Services recommends buying Coal India shares for a one-year target of Rs 425. Read more
Share Market Today LIVE | HDFC Bank, L&T, Axis Bank, Kotak Bank among top drags in Nifty 50
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Navin Fluorine shares under pressure after specialty chemical maker disappoints Street with weak Q2 results
Navin Fluorine International (NAVINFLUOR) shares face selling pressure on Wednesday after the specialty chemicals manufacturer reported a weak set of financial results. The stock of the Mumbai-based company decline by as much as Rs 64.2, or 1.9 per cent, to Rs 3,374 apiece during the session on BSE.
What analysts make of Navin Fluorine Q2 earnings
Jefferies maintained its 'hold' rating on Navin Fluorine shares and reduced its price target by Rs 460, or 12.7 per cent, to Rs 3,165 apiece for the stock after the earnings announcement. The brokerage's target implies a discount of 7.9 per cent in the stock from the previous close. Read more
Blue Jet Healthcare IPO Listing | Shares list at premium of 9.83% on NSE
Blue Jet Healthcare shares list at Rs 380, a premium of 9.83 per cent against the issue price of Rs 346, on the NSE. Whereas the counter lists at Rs 359.9, a premium of 4.02 per cent against the issue price of Rs 346, on the BSE. Read more
Share Market Today LIVE | Lupin gets FDA green signal for Mandideep facility; shares rise
Lupin shares are in demand on Wednesday after the drug maker received an establishment inspection report (EIR) from the US Food and Drug Administration (FDA) for its manufacturing facility in Mandideep, Madhya Pradesh. The Lupin stock gain by as much as Rs 11.8, or one per cent, to Rs 1,140.2 apiece in early deals on BSE, coming within Rs 75 of a 52-week high registered last month. Read more
Share Market Today LIVE | L&T shares gain close to 2% after September quarter earnings; Citi sees 23% potential upside
Shares of Larsen and Toubro (L&T) scales up to day’s high price of Rs 2983.05, gaining as much as 1.85 per cent, post its September quarter results. For the September quarter, the company posted a 44.5 per cent year-on-year (YoY) increase in its consolidated net profit to Rs 3,222.63 crore. The net profit at the engineering and construction company in the year-ago period stood at Rs 2,228.97. 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 headline Nifty index emerging at 18,975-19,050 levels and a strong buy zone at 18,850-18,950 levels on Wednesday, November 1. For the Nifty Bank, he expects support at 42,500-42,725 levels and a strong buy zone at 42,275-42,400 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee falls 3 paise to 83.27 against US dollar in early trade
Share Market Today LIVE | Sensex drops nearly 150 pts, Nifty slides to 19,050
Nifty 50
Nifty trades below 19,050, down 0.23 per cent in opening deals.
Source: NSESensex
Sensex drops nearly 150 points, down 0.23 per cent in opening deals.
Source: BSE
Stocks to Watch | Hero MotoCorp, Bharti Airtel, Nestle, RITES among stocks to track out for on Wednesday
Zee Business will take you to the list of stocks that will be on radar on Wednesday:
Corporate results today (November 1): Hero MotoCorp, JK Tyre, Gujarat Ambuja Exports, Britannia, Cera Sanitaryware, Adani Wilmar, Ambuja Cements, Jubilant Ingrevia, Savita Oil Tech, Greenpanel Industries, Godrej Consumer Products, and Sun Pharma, among others, will reveal their quarterly results today.
Bharti Airtel: Shares of the telecom player will be tracked after the company missed Zee Business Research estimates and reported a 16.86 per cent fall in its sequential consolidated profit after tax (PAT) in the September quarter results.
PNC Infratech: Shares of the infra company will be in focus after consolidated profit for the September quarter came in at Rs 150 crore versus Rs 132 crore in the year-ago period.
RITES: Shares of the civil construction entity will be on the radar after it posted its Q2 earnings on Tuesday. For the September quarter, the company reported a consolidated net profit of Rs 110 crore versus Rs 140 crore year-on-year.
VIP Industries: Shares of the luggage manufacturer will gain focus after its September quarter results. Net profit at the company sharply declined to Rs 13.3 crore as against Rs 43.4 crore reported in the same quarter last year. Read more
Tata Steel Q2 Results Preview | Net profit likely to fall 80%, margin may shrink by 170 bps
Tata group steelmaker Tata Steel is all set to report its financial results for the July-September period today, November 1. The alloy-making giant is widely expected to stage a weak financial performance for the three-month period owing to the impact of monsoon rains on its delivery volumes.
According to Zee Business research, Tata Steel is likely to report a consolidated net profit of Rs 304 crore for the July-September period, translating into a 79.9 per cent fall compared with the corresponding quarter a year ago. The analysts estimate the steel manufacturer’s revenue for the fiscal second quarter to fall 6.7 per cent on a year-on-year basis to Rs 55,869 crore. Read more
Share Market Today LIVE | GIFT Nifty futures indicate lower 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 19,130 ahead of the opening bell on Dalal Street.
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