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. 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: 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: NSESensex
Sensex finishes 246 points higher at 67,467.
Source: BSE
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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 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 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 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
Currency Update | Rupee rises 3 paise to 82.92 against US dollar in early trade
Share Market Today LIVE | Vedanta shares edge higher as Anil Agarwal talks of moving Konkola Copper Mines to mining major at 'right valuation'
Shares of mining major Vedanta (VEDL) are on the investors' radar on Wednesday after Anil Agarwal said Konkola Copper Mines (KCM) can be moved to the group's India-listed firm Vedanta Ltd. "at the right valuation". Last week, Zambia agreed to return control of KCM to Vedanta Resources, which is the parent firm of Mumbai-listed Vedanta Ltd. Vedanta shares edged higher in morning trade. The counter trades at Rs 232.65, up 0.37 per cent on NSE. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support coming in at 19,865-19,925 levels for the headline Nifty index and a strong buy zone at 19,725-19,825 levels on Wednesday, September 13. For the Nifty Bank, he expects support at 45,225-45,325 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 | KEC International shares surge to 52-week high after EPC firm bags Rs 1,000 crore orders
Engineering, procurement and construction company KEC International's shares are in high demand on Wednesday after the RPG group firm bagged orders totaling more than Rs 1,000 crore. KEC International shares jumped by Rs 74.6, or 11.2 per cent, to touch Rs 739 apiece at the strongest level of the day on BSE, crossing an earlier peak of Rs 699 apiece scaled last month. Read more
Share Market Today LIVE | Nifty above 19,950, Sensex down over 100 pts
Nifty 50
Nifty trades at 19,966, down 0.14 per cent in opening deals.
Source: NSE
Sensex
Sensex trades 107 points lower at 67,114 in opening deals.
Source: BSE
Stocks to Watch | Infosys, Sterling & Wilson, SpiceJet, Bata, L&T, NTPC, and Texmaco Rail among top stocks to track today
ZeeBiz takes you through the list of stocks that can be on investors' radar as bourses open on Wednesday morning.
Infosys
The Indian IT giant announced on Tuesday a strategic multi-year collaboration with STARK Group, Europe’s largest retailer and distributor of building materials, to power its digital transformation journey. As part of this collaboration, Infosys and STARK Group will establish a state-of-the-art data centre in Denmark, which will serve as the foundation to drive technological advancements and provide seamless services to STARK Group’s offices across Europe.
Sterling and Wilson
Sterling and Wilson on Tuesday announced signing a memorandum of understanding (MoU) with DataVolt of Saudi Arabia for the development and construction of data centres. The MoU was signed on Monday, September 11, in the national capital, Sterling and Wilson said in a statement.
Tata Power
Tata Power Delhi Distribution on Tuesday announced its strategic partnership with the US-based cyber security and data analytics software company Utiltyx. The partnership aims to enhance the company's preparedness against future threats and challenges related to cyber security, according to a company statement.
SpiceJet
SpiceJet on Tuesday paid Rs 100 crore to Kal Airways promoter Kalanithi Maran as part of a Rs 380 crore arbitral award order, following a directive from the Delhi High Court on Monday instructing the low-cost airline to fulfil the payment obligation. "SpiceJet Ltd. has completed the payment of Rs 100 crore to Kal Airways Private Ltd. While a payment of Rs 77.5 crore had been made to Kal Airways till September 11, the remaining Rs 22.5 crore was paid on Tuesday," an airline spokesperson said. Read more
Dividend Stocks | Vijaya Diagnostic, Hinduja Global, Hester Biosciences among 10 shares to trade ex-date today
A total of 10 stocks will trade ex-dividend on Wednesday, September 13, according to the NSE website. The list includes Sandur Manganese & Iron Ores, Vijaya Diagnostic Centre, Hinduja Global Solutions and other stocks.
Sandur Manganese dividend
Sandur Manganese & Iron Ores has announced a dividend of Rs 5 per equity share with a face value of Rs 10. The record date is also September 13.
Vijaya Diagnostic dividend
Vijaya Diagnostic Centre has announced a dividend of Re 1 per equity share with a face value of Re 1. The record date is also September 13.
Hester Biosciences dividend
Hester Biosciences has announced a dividend of Rs 8 per equity share with a face value of Rs 10.
Oricon Enterprises dividend
Oricon Enterprises has announced a dividend of Re 0.5 per equity share with a face value of Rs 2. Read more
Source:
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 22.2 points or 0.11 per cent at 20,059.5 ahead of the opening bell on Dalal Street.
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