Share Market HIGHLIGHTS: Nifty cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run; Infosys nosedives 8%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex settled lower on Friday, July 21, with Nifty IT and FMCG dragging the headline index. 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 settled lower on Friday, July 21, with Nifty IT and FMCG dragging the headline index. The 30-share index of the BSE settled at 66,684.26, down 887.64 points while the NSE's Nifty ended at 19,745 down 234.15 points on Friday.
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 cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run
Nifty 50
Nifty cracks below 19,750, down by 1.17 per cent.
Source: NSESensex
Sensex ends 888 points lower at 66,684, halts 6-day winning run.
Source: BSE
Share Market HIGHLIGHTS | Infy, HUL, HCL Tech emerge as top losers; L&T, ONGC, NTPC rise most in 50-scrip blue-chip basket
Infy, HUL, HCL Tech and Wipro are among the top losers, down nearly 8-3 per cent. On the other hand, L&T, ONGC, NTPC and SBI are among the top gainers in the Nifty basket, trading with gains of around 4-1 per cent.
Source: NSE
Share Market Today LIVE | HDFC Life Q1 profit rises 15% to Rs 415 cr
HDFC Life reports a 15 per cent increase in net profit at Rs 415 crore for first quarter of the current fiscal year. The company had reported Rs 361 crore profit in April-June 2022-23. The total premium rises 16 per cent to Rs 11,673 crore during the quarter as compared with Rs 10,050 crore in the year-ago period, HDFC Life said in a statement. Read more
Share Market Today LIVE | United Spirits Q1 Results: Net profit jumps to Rs 477 crore in June quarter
United Spirits reports a consolidated net profit of Rs 477 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal. Total income rose to Rs 5,830 crore in the first quarter. It stood at Rs 7,157 crore in the year-ago period.
In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022. Read more
Share Market Today LIVE | UltraTech Cement Q1 PAT rises 7% to Rs 1,688 crore
Aditya Birla group firm UltraTech Cement on Friday reports a 7 per cent rise in its consolidated profit after tax (PAT) to Rs 1,688 crore for the first quarter ended June 2023, aided by robust sales in the domestic market. The company had posted a PAT of 1,584 crore in the April-June quarter of the last fiscal. Read more
United Spirits is having a Tata Communications moment, says Anil Singhvi; stock hits 52-week high post-Q1 results
United Spirits (NSE: MCDOWELL-N) trades at 1,041 or Rs 65.60 or 6.73 per cent on BSE. The counter shares rose as much as 7 per cent and hit a 52-week high on the BSE at Rs 1,047.95 apiece after the company posted better-than-expected results for the June quarter (Q1FY24).
Anil Singhvi's view on United Spirits
Zee Business Managing Editor Anil Singhvi said that United Spirits is having a Tata Communications moment where its performance is improving quarter after quarter (QoQ). Singhvi added that this stock will become everyone's favourite soon and has a scope of doubling or tripling in the coming time. Read moreShare Market Today LIVE | Ashok Leyland, BHEL, ICICI Bank, ITC, other stocks hit 52-week highs
As many as 35 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) APLAPOLLO 1,423.10 1,438.20 1,419.75 (20 Jul 2023) 3,945.00 (08 Dec 2020) ASHOKLEY 182 182.95 176.30 (20 Jul 2023) 310.50 (14 Jan 2004) AUROPHARMA 778.2 791.5 774.00 (20 Jul 2023) 1,650.00 (07 Jan 2000) BHEL 95.2 97.2 96.88 (20 Jul 2023) 2,925.00 (07 Nov 2007) EIHOTEL 218.65 222.75 222.25 (17 Jul 2023) 857.50 (11 Sep 2006) EQUITASBNK 97.31 99.05 97.37 (19 Jul 2023) 99.05 (21 Jul 2023) ERIS 745.7 749.95 749.85 (06 Oct 2022) 896.00 (14 Mar 2018) FINCABLES 1,003.45 1,015.00 1,004.75 (20 Jul 2023) 1,015.00 (21 Jul 2023) GLENMARK 752.5 753.5 746.00 (20 Jul 2023) 1,261.95 (21 Aug 2015) ICICIBANK 990.4 998 997.95 (20 Jul 2023) 1,796.80 (03 Dec 2014) ICICIGI 1,399.75 1,422.85 1,407.65 (20 Jul 2023) 1,674.00 (22 Sep 2021) IIFL 571 572.05 565.90 (20 Jul 2023) 1,974.90 (01 Jan 2008) INDIAMART 3,128.00 3,149.30 3,050.65 (04 May 2023) 9,951.95 (05 Feb 2021) IRCON 94.34 94.75 91.70 (21 Jun 2023) 598.80 (19 Feb 2020) ITC 491.25 497.55 493.50 (20 Jul 2023) 1,961.00 (20 Sep 2005) JSWSTEEL 810.3 823.35 817.65 (11 Jul 2023) 1,886.50 (08 Sep 2016) KEC 623 624.35 611.70 (14 Jul 2023) 922.00 (08 Nov 2007) LINDEINDIA 4,555.00 4,643.45 4,638.05 (21 Jun 2023) 4,643.45 (21 Jul 2023) LT 2,567.50 2,572.80 2,503.00 (07 Jul 2023) 4,670.00 (01 Nov 2007) LUPIN 939.55 947.95 947.35 (20 Jul 2023) 2,127.00 (06 Oct 2015) MAZDOCK 1,866.00 1,910.00 1,819.85 (20 Jul 2023) 1,910.00 (21 Jul 2023) MEDPLUS 949.8 974 943.10 (18 Jul 2023) 1,343.00 (20 Jan 2022) MOTHERSON 96.82 98.19 97.07 (19 Jul 2023) 540.25 (20 Jul 2015) POONAWALLA 375.2 378.95 376.00 (20 Jul 2023) 441.00 (12 Mar 2008) RAINBOW 1,122.00 1,139.00 1,129.00 (17 Jul 2023) 1,139.00 (21 Jul 2023) RITES 446.7 449.9 433.20 (04 Nov 2022) 449.90 (21 Jul 2023) SHRIRAMFIN 1,838.45 1,857.10 1,828.75 (13 Jul 2023) 1,857.10 (21 Jul 2023) SUNPHARMA 1,093.95 1,107.95 1,104.40 (20 Jul 2023) 3,090.00 (29 Feb 2000) SUZLON 19.66 19.66 18.73 (20 Jul 2023) 2,300.00 (09 Jan 2008) SWSOLAR 368.2 373 367.70 (20 Jul 2023) 755.50 (20 Aug 2019) TANLA 1,163.00 1,198.00 1,157.00 (17 Jul 2023) 2,094.40 (17 Jan 2022) TATAMTRDVR 350.45 350.95 347.90 (20 Jul 2023) 940.25 (11 Nov 2010) TORNTPHARM 1,949.10 1,982.55 1,981.50 (28 Jun 2023) 3,304.45 (31 Dec 2021) UNITDSPR 1,032.50 1,043.95 982.30 (18 Jul 2023) 4,080.00 (05 Mar 2015) ZENSARTECH 479.1 483.9 474.55 (20 Jul 2023) 1,723.70 (03 Sep 2018) Share Market Today LIVE | Nifty cracks near 19,750, Sensex drops 800 pts
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | ICICI Bank, ITC, other stocks hit 52-week highs
As many as 4 stocks in the S&P BSE Sensex basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ICICIBANK 990.7 998 997.95 (20 Jul 2023) 1,796.80 (03 Dec 2014) ITC 492.1 497.55 493.50 (20 Jul 2023) 1,961.00 (20 Sep 2005) JSWSTEEL 810.55 823.35 817.65 (11 Jul 2023) 1,886.50 (08 Sep 2016) LT 2,558.95 2,572.80 2,503.00 (07 Jul 2023) 4,670.00 (01 Nov 2007) SUNPHARMA 1,094.20 1,107.95 1,104.40 (20 Jul 2023) 3,090.00 (29 Feb 2000) Share Market Today LIVE | L&T to consider share buyback next week; stock hits 52 week high
Larsen and Toubro (NSE: LT) shares trade at Rs 2,561, up by 2.87 per cent on NSE. The counter rose over 3 per cent and hit 52 week high on the BSE at Rs 2,572.8 apiece. The D- Street showed buying interest in the stock after the engineering and construction conglomerate announced it was considering a share buyback.
"A meeting of Board of Directors will be held on Tuesday, 25th July 2023, to approve..... buyback of equity shares of the Company in accordance with the provisions of the Companies Act, 2013 and SEBI (Buyback of Securities) Regulations 2018," the regulatory filing read. Read more
Ashok Leyland Q1 results | Net profit comes in at Rs 576.42 crore against Rs 68 crore in Q1FY23
Ashok Leyland reports a 747 per cent jump in its standalone net profit at Rs 576.42 crore for the quarter ended June 30, 2023. The firm had posted a profit of Rs 68.05 crore in the year-ago period. Revenue from operations comes in at Rs 8,189.29 crore, up 13.3 per cent against Rs 7,222.65 crore logged in the corresponding quarter of the previous fiscal. Read more
Stocks to buy: ICICI Bank, MCX, Grasim, GAIL, ICICI Securities, Marico among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Sacchitanand Uttekar, Sumeet Bagadia, Rakesh Bansal and Kunal Saraogi share their top recommendations for the day in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as ICICI Bank, MCX, Grasim, GAIL, ICICI Securities and Marico. Read more
Share Market Today LIVE | Dalmia Bharat shares slip 4% after Q1 profit falls 30% to Rs 144 crore
Shares of Dalmia Bharat trade at Rs 1,951.4 apiece, down by Rs 69.55, or 3.44 per cent on the NSE. The dip in the counter follows after the cement manufacturer reported a 29.75 per cent decline in consolidated profit after tax (PAT) at Rs 144 crore for the June quarter, impacted by higher expenses. The stock opened at Rs 1,979 and dipped as much as nearly 4 per cent to touch the day's low of Rs 1,943 from the previous close of Rs 2,020.95 on the NSE.
India's fourth-largest cement producer by market capitsalisation — Dalmia Bharat—in a regulatory filing said that it had posted a consolidated profit after tax of Rs 205 crore in the first quarter of the last fiscal year. Consolidated revenue from operations was Rs 3,624 crore as compared to Rs 3,302 crore in the year-ago period.
Image source: Official website
Share Market Today LIVE | RIL slips over 2% ahead of Q1 results; here's what to expect from oil-to-telecom behemoth
Shares of Reliance Industries (RIL) slips more than 2 per cent to Rs 2,563.05 apiece on the NSE ahead of its June quarter results announcement, due later today. In the previous session, the domestic stock exchanges, NSE and BSE, conducted a one-hour special session for RIL to discover the price of its demerged entity, Jio Financial Services, which is expected to list on the bourses in the next 2-3 months.
Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected Rs 261.85 ($3.19) in its demerger from RIL. Read more
Currency Update | Rupee falls 12 paise to 82.05 against US dollar
The rupee depreciates 12 paise to 82.05 against the US dollar in early trade on Friday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments.
Share Market Today LIVE | Should you buy, sell or hold HUL shares after FMCG major's Q1 show falls short of Street expectations?
Hindustan Unilever Ltd (HUL) shares trade at 2,649.05, down by nearly 2 per cent on BSE, a day after the FMCG major reported worse-than-expected results for the April-June period. HUL shares dropped by as much as Rs 63.8 or 2.4 per cent to Rs 2,638.6 apiece on BSE in early deals.
HUL Q1 results: A summary
After market hours on Thursday, HUL reported an eight per cent rise in net profit to Rs 2,472 crore for the quarter ended June 2023 compared with the corresponding period a year ago. Its revenue increased 6.1 per cent on a year-on-year basis to Rs 15,148 crore, according to a regulatory filing. Read more
Share Market Today LIVE |Infosys tumbles 9% as FY24 revenue guidance lowered sharply; should you buy, sell, or hold?
In a rude shock, India's second-largest IT services firm, while announcing its Q1FY24 results, sharply lowered its FY24 revenue guidance to 1 per cent - 3.5 per cent in constant currency (CC) terms, compared to 4 per cent -7 per cent guided in the previous quarter. The substantial cut in the guidance is mainly attributed to lower-than-expected volume and discretionary spending, delays in decision-making, and push-outs in anticipated mega deals. The counter tumbles over 7per cent to trade at 1,341.75 on BSE in Friday's session. Read more
Dividend stocks | Tech Mahindra, Cipla, Dabur, L&T Finance Holdings, Intellect Design, M&M Financial Services, among 45 stocks trade ex-dividend today
A total of 45 stocks traded ex-dividend on Friday, July 21, according to the BSE website. The list includes Tech Mahindra, Cipla, Dabur, L&T Fin Holdings, Intellect Design, M&M Fin Services, and other stocks.
Cipla dividend
Cipla has announced a dividend of Rs 8.5 per equity share with a face value of Rs 2. The record date is also July 21.
Astec LifeSciences dividend
Astec LifeSciences has announced a dividend of Rs 1.5 per equity share with a face value of Rs 10.
Minda Corporation dividend
Minda Corporation has announced a dividend of Re 0.8 per equity share with a face value of Rs 2.
Dabur India dividend
Dabur India has announced a dividend of Rs 2.7 per equity share with a face value of Rs 1.
Tech Mahindra dividend
Tech Mahindra has announced a final dividend of Rs 32 per equity share with a face value of Rs 5.
M&M Financial dividend
Mahindra & Mahindra Financial Services has announced a dividend of Rs 6 per equity share with a face value of Rs 2. Read more
Image source: Pixabay/ Representational image
Share Market Today LIVE | Nifty Bank scales fresh peak of 46,369.5
Share Market Today LIVE | Sensex drops 500 pts, Nifty cracks above 19,800
Nifty 50
Nifty trades at 19,827, down by 0.76 per cent in opening deals.
Source: NSESensex
Sensex drops 500 points at 67,050.9 in opening deals.
Source: BSE
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 19,800-19,850 levels and a strong buy zone at 19,700-19,750 levels on Friday, July 21. For the Nifty Bank, he expects support at 45,700-45,900 levels and a strong buy zone at 45,450-45,650 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks To Watch | L&T, Infosys, Coforge, DLF, Reliance Industries, Utkarsh Small Finance Bank, HUL among top stocks to track today
Here's a list of stocks that may trade actively today:
Infosys: The IT bellwether shocked the street by slashing its FY24 guidance by a huge margin. The company's ADRs slumped over 11 per after the Q1 results announcement.
Hindustan Unilever (HUL): Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in a challenging environment. The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing.
Utkarsh Small Finance Bank: The shares of the company are slated to list on bourses today.
Coforge: Mid-cap IT services company Coforge on Thursday reported a consolidated net profit of Rs 165 crore for the quarter ended June 30, 2023 (Q1FY24), up 43.9 per cent against Rs 149 crore registered in the year-ago period. On a yearly basis, the net profit increased by 10 per cent. Read more
Share Market Today LIVE | Utkarsh Small Finance Bank shares to debut on BSE, NSE today
Utkarsh Small Finance Bank is all set to make a secondary market debut on Dalal Street at 10 am on Friday, July 21. The listing comes after Utkarsh Small Finance Bank's initial public offer (IPO), to raise up to Rs 500 crore, received a robust response from investors. The IPO of Utkarsh SFB — a Varanasi, Uttar Pradesh-based small finance bank — comprised fresh issuance of shares.
Zee Business Managing Editor Anil Singhvi, who recommended applying for the Utkarsh Small Finance Bank IPO for "big listing gains", suggests investors go long on the lender from a long-term perspective. He finds Utkarsh Small Finance Bank's valuation to be more attractive than its peers. Read more
Share Market Today LIVE | GIFT Nifty futures indicate sharply lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 105 points or 0.53 per cent at 19,873.5 ahead of the opening bell on Dalal Street.
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