Share Market HIGHLIGHTS: Nifty ends below 20,000, Sensex ends 94 pts higher amid volatility; TCS gains 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex closed mixed on Tuesday, September 12. After a historic feat of Mt. 20,000, the Nifty50 slipped as investors rushed to book profit in recent outperformers. The S&P BSE Sensex closed with marginal gains after a volatile trading session.
At close, the S&P Sensex stood at 67,221.13, up 94.05 points, or 0.14 per cent, while the Nifty ended at 19,993.20, down 3 points, or 0.02 per cent. Among the Nifty50 stocks, 20 advanced and 30 declined. Broader market indices, Nifty Mid Cap 100 and Small Cap 100 saw heavy selling pressure after Kotak Institutional Equities said in its report that the relentless rally in the mid-and small-cap segments is nothing but irrational exuberance. Bank, auto, financial services, FMCG, and oil & gas counters also experienced selling pressure, whereas the IT index closed over 1 per cent higher. The pharma index ended 0.14 per cent higher.
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: Domestic equity benchmarks Nifty 50 and Sensex closed mixed on Tuesday, September 12. After a historic feat of Mt. 20,000, the Nifty50 slipped as investors rushed to book profit in recent outperformers. The S&P BSE Sensex closed with marginal gains after a volatile trading session.
At close, the S&P Sensex stood at 67,221.13, up 94.05 points, or 0.14 per cent, while the Nifty ended at 19,993.20, down 3 points, or 0.02 per cent. Among the Nifty50 stocks, 20 advanced and 30 declined. Broader market indices, Nifty Mid Cap 100 and Small Cap 100 saw heavy selling pressure after Kotak Institutional Equities said in its report that the relentless rally in the mid-and small-cap segments is nothing but irrational exuberance. Bank, auto, financial services, FMCG, and oil & gas counters also experienced selling pressure, whereas the IT index closed over 1 per cent higher. The pharma index ended 0.14 per cent higher.
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 ends below 20,000, Sensex ends 94 pts higher amid volatility
Nifty 50
Nifty ends below 20,000, down 0.02 per cent.
Source: NSE
Sensex
Sensex ends 94 points higher amid volatility at 67,221.
Source: BSE
Share Market HIGHLIGHTS | TCS, L&T, Infy among the top gainers in Nifty basket
TCS, L&T, Infy and UltraTech Cement are among the top gainers in the Nifty basket, trading with gains of around 3-1 per cent. On the other hand, BPCL, NTPC, PowerGrid and Adani Enterprises are among the top losers, down around 4-3 per cent.
Source: NSE
Share Market Tips LIVE | Buy Star Cement, Indoco Rem shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Star Cement shares for a target of Rs 170 with a stop loss at Rs 153. Besides, he recommends buying Indoco Rem shares for a target of Rs 350 with a stop loss at Rs 320.
Share Market Today LIVE | Axia Bank, HCL Tech, NTPC, other stocks hit 52-week highs
As many as 12 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) |
| AXISBANK | 1,002.20 | 1,009.95 | 1,003.85 (11 Sep 2023) | 2,042.95 (23 Jul 2014) |
| HCLTECH | 1,279.25 | 1,291.00 | 1,283.95 (11 Sep 2023) | 3,021.00 (21 Feb 2000) |
| JSWSTEEL | 820.35 | 840 | 835.00 (10 Aug 2023) | 1,886.50 (08 Sep 2016) |
| LT | 2,964.05 | 3,008.00 | 2,927.95 (08 Sep 2023) | 4,670.00 (01 Nov 2007) |
| MARUTI | 10,522.95 | 10,568.20 | 10,547.00 (11 Sep 2023) | 10,568.20 (12 Sep 2023) |
| NTPC | 236.9 | 244.95 | 244.00 (11 Sep 2023) | 291.00 (15 Jan 2008) |
| POWERGRID | 192 | 203.95 | 266.85 (31 Jul 2023) | 266.85 (31 Jul 2023) |
| TATASTEEL | 129.65 | 133.2 | 132.85 (04 Sep 2023) | 1,534.60 (16 Aug 2021) |
| TCS | 3,583.25 | 3,588.00 | 3,575.00 (16 Feb 2023) | 4,045.50 (18 Jan 2022) |
| TECHM | 1,268.05 | 1,283.90 | 1,276.80 (08 Sep 2023) | 2,998.00 (02 Feb 2015) |
| ULTRACEMCO | 8,562.95 | 8,610.95 | 8,600.00 (04 Sep 2023) | 8,610.95 (12 Sep 2023) |
| WIPRO | 436.55 | 441.35 | 437.40 (11 Sep 2023) | 9,800.00 (22 Feb 2000) |
Share Market Today LIVE | L&T Finance Holdings shares volatile after multiple block deals; Bain Capital likely seller
Shares of L&T Finance Holdings trade 2.07 per cent lower at Rs 127.95 on BSE, after multiple block deals of seven crore shares took place. Around 2.8 per cent of the company's equity changed hands in the block deals. As per reports, Bain Capital was expected to sell a 2.62 per cent stake in the company via a block deal at a floor price of Rs 129.72 per share. The deal size was estimated at Rs 850 crore. Read more
Share Market Today LIVE | Lupin shares hit 52-week high after drug maker signs business transfer pact with subsidiary
Lupin shares register sharp gains to scale a 52-week high on Tuesday, a day after the drug maker's board gave nod to a business transfer agreement with its subsidiary, Lupin Manufacturing Solutions, involving two API manufacturing sites at Dabhasa, Gujarat, and Visakhapatnam, Andhra Pradesh. The Lupin stock gained by as much as Rs 46.4, or 4.1 per cent, to touch a record Rs 1,174.3 apiece on BSE, crossing an existing 52-week peak scaled last week. Read more
Nifty Today LIVE | RIL, HUL, M&M among top drags in Nifty
RIL, HUL, M&M and NTPC are the top drags in the Nifty baskets at this hour. On the contrary, L&T, TCS, Infy and ICICI Bank are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | S&P BSE auto index falls over 2%
Source: BSE
Traders' Diary | Buy, sell or hold strategy on TCS, IndiGo, ICICI Prudential, L&T, Redington, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Tuesday, September 12, a day after the Nifty headline index crossed the 20,000 mark in intraday trade for the first time ever. Check out which stocks are on analysts Ashish Chaturvedi and Kushal Gupta's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Heidelberg Cement shares in the cash segment for a price target of Rs 195 with a stop loss at Rs 186
- Buy L&T futures for a target of Rs 2,952 with a stop loss at Rs 2,888
- Buy the Rs 2,540 call option of HUL for a target of Rs 43 with a stop loss at Rs 30
- Technical pick: Buy Tata Consumer shares for a target of Rs 950 from a perspective of 3-5 months
- Fundamental pick: Buy Dalmia Bharat shares for a one-week target of Rs 2,490
- 20k Pick: Buy HDFC Bank for a one-year target of Rs 1,950. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty coming in at 19,865-19,900 on Tuesday, September 12, a day after the headline index crossed the 20,000 mark for the first time ever. For the Nifty Bank, he expects support at 45,225-45,375 levels and a strong buy zone at 45,000-45,150 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Sensex trades 500 pts off day's high; Nifty near 19,950
Nifty 50
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | L&T shares gain over 2.5% as the company increases its share buyback price
Construction and engineering major Larsen & Toubro (L&T) shares rally as much as 2.52 per cent to Rs 2,967.05 apiece, a day after the company raised its share buyback price by Rs 200 to Rs 3,200. The company also announced that the maximum number of equity shares proposed to be bought back by the company has been reduced from 3,33,33,333 (three crore thirty-three lakh thirty-three thousand three hundred and thirty-three) fully paid-up equity shares to 3,12,50,000 (three crore twelve lakh fifty thousand) equity shares, representing 2.22 per cent of the total paid-up equity shares of the company. Read more
Share Market Today LIVE | Nifty tops 20,000, Sensex gains over 300 pts
Nifty 50
Nifty trades above 20,000, up 0.42 per cent in opening deals.
Source: NSE
Sensex
Sensex trades over 300 points higher at 67,434.91.
Source: BSE