Share Market HIGHLIGHTS: Nifty ends at 20,070, Sensex finishes 246 pts higher; Coal India, Grasim, Tata Consumer Products jump 3%
Share Market HIGHLIGHTS: The domestic equity market on Wednesday, September 13, edged higher after a volatile start. The NSE Nifty closed above the 20,000 mark for the first time, and both benchmark indices hovered around record highs. Except for IT and Auto, all the counters witnessed buying. At close, the S&P BSE Sensex climbed 245.86 points, or 0.37 per cent, to settle at 67,466.99, and the Nifty ended at 20,070, up 76.8 points, or 0.38 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 Wednesday, September 13, edged higher after a volatile start. The NSE Nifty closed above the 20,000 mark for the first time, and both benchmark indices hovered around record highs. Except for IT and Auto, all the counters witnessed buying. At close, the S&P BSE Sensex climbed 245.86 points, or 0.37 per cent, to settle at 67,466.99, and the Nifty ended at 20,070, up 76.8 points, or 0.38 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 | Nifty ends at 20,070, Sensex finishes 246 pts higher
Nifty 50
Nifty ends at 20,070, up 0.38 per cent.
Source: NSE
Sensex
Sensex finishes 246 points higher at 67,467.
Source: BSE
Share Market HIGHLIGHTS | Coal India, Grasim, Tata Consumer Products rise most in 50-scrip blue-chip basket
Coal India, Grasim, Tata Consumer Products and Bharti Airtel are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, M&M, HDFC Life, Adani Ports and L&T are among the top losers, down nearly 1 per cent.
Source: NSE
Nifty Today LIVE | Bharti Airtel, HDFC Bank, Axis Bank, RIL among top movers
Bharti Airtel, HDFC Bank, Axis Bank, RIL and Titan are the top movers in the Nifty baskets at this hour. On the contrary, L&T, M&M, ICICI Bank, TCS and Infy are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Grasim, Axis Bank, Bharti Airtel, other stocks hit 52-week highs
As many as 22 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 | 1,825.20 | 1,903.85 | 1,804.70 (17 Aug 2023) | 3,450.00 (12 Mar 2015) |
| AUROPHARMA | 904.9 | 907.05 | 887.20 (14 Aug 2023) | 1,650.00 (07 Jan 2000) |
| AXISBANK | 1,013.60 | 1,015.55 | 1,009.95 (12 Sep 2023) | 2,042.95 (23 Jul 2014) |
| BHARTIARTL | 913.75 | 915.75 | 901.55 (27 Jul 2023) | 1,149.00 (10 Oct 2007) |
| CANBK | 364.55 | 365.4 | 363.55 (12 Sep 2023) | 844.00 (09 Nov 2010) |
| CHOLAHLDNG | 1,131.05 | 1,142.40 | 1,125.50 (12 Sep 2023) | 1,142.40 (13 Sep 2023) |
| GLAXO | 1,542.00 | 1,551.85 | 1,480.95 (11 Sep 2023) | 3,850.00 (31 Mar 2016) |
| GLENMARK | 863.9 | 864.45 | 836.30 (09 Aug 2023) | 1,261.95 (21 Aug 2015) |
| GRASIM | 1,939.70 | 1,947.75 | 1,920.00 (12 Sep 2023) | 5,348.50 (05 Aug 2016) |
| ITI | 198 | 199.7 | 176.90 (12 Sep 2023) | 275.00 (11 Jan 1994) |
| JBCHEPHARM | 2,934.05 | 3,049.15 | 3,037.70 (12 Sep 2023) | 3,049.15 (13 Sep 2023) |
| JYOTHYLAB | 362.4 | 390 | 375.30 (11 Sep 2023) | 964.40 (02 Jan 2008) |
| KEC | 670.55 | 739 | 698.95 (02 Aug 2023) | 922.00 (08 Nov 2007) |
| LTIM | 5,533.15 | 5,549.00 | 5,536.10 (12 Sep 2023) | 7,595.25 (04 Jan 2022) |
| PNB | 72.04 | 72.49 | 69.72 (12 Sep 2023) | 1,395.00 (09 Nov 2010) |
| PNCINFRA | 357.15 | 372.15 | 367.90 (20 Jul 2023) | 629.00 (20 Jul 2016) |
| PRINCEPIPE | 753.65 | 759.5 | 747.00 (12 Sep 2023) | 896.65 (09 Nov 2021) |
| SUVENPHAR | 518 | 557.4 | 534.55 (17 Aug 2023) | 825.00 (18 Sep 2020) |
| TATACOFFEE | 262.25 | 262.7 | 260.90 (06 Sep 2023) | 1,675.00 (08 May 2013) |
| TATACONSUM | 889.85 | 891 | 883.85 (26 Jul 2023) | 1,220.00 (29 Jun 2010) |
| TITAN | 3,261.55 | 3,269.00 | 3,221.00 (11 Sep 2023) | 4,765.00 (14 Jun 2011) |
| ULTRACEMCO | 8,635.25 | 8,685.25 | 8,610.95 (12 Sep 2023) | 8,685.25 (13 Sep 2023) |
Share Market Tips LIVE | Buy Utkarsh SFB, Railtel India shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Utkarsh SFB shares for a target of Rs 53 with a stop loss at Rs 46. Besides, he recommends buying Railtel India shares for a target of Rs 245 with a stop loss at Rs 210.
Share Market Today LIVE | Axis Bank, Titan, other stocks hit 52-week highs
As many as four stocks in the S&P BSE 500 Sensex basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| AXISBANK | 1,012.60 | 1,015.00 | 1,009.95 (12 Sep 2023) | 2,042.95 (23 Jul 2014) |
| BHARTIARTL | 910.4 | 912 | 901.55 (27 Jul 2023) | 1,149.00 (10 Oct 2007) |
| TITAN | 3,252.95 | 3,269.00 | 3,221.00 (11 Sep 2023) | 4,765.00 (14 Jun 2011) |
| ULTRACEMCO | 8,650.40 | 8,685.25 | 8,610.95 (12 Sep 2023) | 8,685.25 (13 Sep 2023) |
Share Market LIVE | Hold Coal India Ltd (CIL) shares with stop loss at Rs 269, says Ruchit Jain
Ruchit Jain of 5Paisa is positive on Coal India shares, in view of the recent surge to Rs 280-odd levels in the stock with strong volumes after a breakout near Rs 235. Such breakouts that are backed with good volumes are a sign that the uptrend will continue, he adds.
He suggests existing investors to hold their positions in CIL shares with a stop loss at Rs 269, where he expects strong support to come in.
Share Market LIVE | GMR Power shares have important support at Rs 32
Ruchit Jain of 5Paisa believes that as long as important support at Rs 32 is honoured, a positive trend in the GMR Power stock is likely to continue, though small corrections are possible.
GMR Power shares are locked in the 10 per cent upper circuit at Rs 36.6 apiece on BSE, well within Rs 3 of a 52-week high scaled a week ago.
Share Market Today LIVE | Paracetamol API price expected to rise; Granules India and IOL Chemicals shares jump
Shares of pharmaceutical companies—Granules India and IOL Chemicals & Pharmaceuticals Ltd.—jump in Wednesday's trading session. The buying interest in the stocks comes after Zee Business reported that the prices of Paracetamol Active Pharmaceutical Ingredient (API) in the US market are expected to increase by 9–22 per cent in September. Granules India's shares climb nearly 6 per cent, touching the intra-day high of Rs 325.8 apiece, and IOL Chemicals's shares zoom over 9 per cent, touching the day's high of Rs 497.45 apiece on the BSE. Read more
Share Market Today LIVE | Paytm shares fall over 3.80% after CFO Deora says firm don't need funding in near future
Shares of One 97 Communications Limited, parent company of Fintech giant Paytm, slump 3.82 per cent, or Rs 33.05, at Rs 831.50 each, a day after its CFO Madhur Deora said in the company's AGM that Paytm wouldn't need funding in the near future as it had Rs 8,300 crore of cash balance."We don’t see the need for funding in the near future. We have zero debt, and we are very healthy from a balance sheet standpoint," Deora told shareholders at the annual general meeting (AGM) on Tuesday. Read more
Share Market Today LIVE | Bata India shares slip over 3% after Citi initiates 'sell', target price set at Rs 1,310
Shares of footwear manufacturer Bata India slip over 3 per cent after foreign brokerage Citi initiated a sell rating on the stock with a target price of Rs 1,310. In its rationale, the brokerage said that the company has lost market share and has had a 0 per cent volume compound annual growth rate (CAGR) over the past decade. The brokerage further said that despite multiple initiatives and reach expansion, revenue CAGR over FY19–23 was only 4 per cent - the lowest among the top-four listed footwear players in India. Read more
Share Market Today LIVE | Coal India jumps over 2% after Rs 24,750 crore investment proposal
Shares of state-run Coal India trade 0.79 per cent higher at Rs 272.9, a day after the company announced that it had planned a capital investment of around Rs 24,750 crore in the next few years on 61 First Mile Connectivity (FMC) projects. Read more
Share Market Today LIVE | IRCTC stock slips after inking Rs 31.40 crore deal with NBCC Services
A day after IRCTC signed an MoU with NBCC Services for the renovation of its office, shares of the railway company lost early gains and are down 0.72 per cent, or Rs 4.95, at Rs 683.15. Read more
Traders' Diary | Buy, sell or hold strategy on Maruti Suzuki, Quess Corp, Divi's, CAMS, Mankind Pharma, 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 Wednesday, September 13. 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:
Kushal Gupta
- Buy Star Cement shares in the cash segment for a price target of Rs 165 with a stop loss at Rs 156
- Sell Canara Bank futures for a target of Rs 340 with a stop loss at Rs 355
- Buy the Rs 232.5 put option of Bandhan Bank at Rs 7.3 for a target of Rs 15 with a stop loss at Rs 5
- Technical pick: Sell Apollo Tyres shares for a target of Rs 370 with a stop loss at Rs 387
- Fundamental pick: Buy Maruti Suzuki shares for a four-month target of Rs 11,500
- 20k Pick: Buy Quess Corp shares for a target of Rs 500 with a perspective of 3-4 months. Read more