Share Market HIGHLIGHTS: Nifty finishes above 20,100 for first time, Sensex ends 52 pts higher, extends rally to 10th day in a row
Share Market HIGHLIGHTS: The domestic equity indices NSE Nifty and S&P BSE Sensex closed flat on Thursday, September 14, after recording new highs during the opening. 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 indices NSE Nifty and S&P BSE Sensex closed flat on Thursday, September 14, after recording new highs during the opening. Selling pressure was seen in FMCG, consumer durables, and media stocks. UPL, a stock that did not participate in the Nifty's rally to its historic peak, closed nearly 4 per cent higher.
The S&P BSE Sensex ended 52.01 points, or 0.08 per cent higher at 67,519, while the NSE Nifty ended at 20,103.1, up 33.10 points, or 0.16 per cent, above 2,100 for the first time ever.
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 above 20,100, Sensex ends 52 pts higher
Nifty 50
Nifty finishes at 20,103, up 0.16 per cent.
Source: NSESensex
Sensex ends 52 points higher at 67,519.
Source: BSE
Share Market HIGHLIGHTS | UPL, Hindalco, M&M rise most in 50-scrip blue-chip basket
UPL, Hindalco, M&M and ONGC are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, Asian Paints, Britannia, Coal India and HDFC Life are among the top losers, down nearly 1 per cent.
Source: NSE
Share Market Today LIVE | TCS, Titan, Wipro, Hindalco, other stocks hit 52-week highs
As many as 40 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) AXISBANK 1,021.10 1,022.10 1,017.50 (13 Sep 2023) 2,042.95 (23 Jul 2014) BALRAMCHIN 435.3 449.6 430.85 (25 Apr 2023) 724.00 (07 Feb 2005) BANKBARODA 211.55 213.15 210.80 (10 Jul 2023) 1,138.10 (21 Jan 2015) BANKINDIA 106.97 108.32 104.70 (13 Sep 2023) 588.00 (07 Oct 2010) BBTC 1,260.10 1,375.70 1,297.95 (08 Sep 2023) 10,500.00 (01 Sep 1994) BERGEPAINT 729.7 741.95 728.65 (12 Sep 2023) 872.00 (22 Jul 2021) BHARTIARTL 915.65 920 918.00 (13 Sep 2023) 1,149.00 (10 Oct 2007) CANBK 364.6 368.8 365.55 (13 Sep 2023) 844.00 (09 Nov 2010) CENTRALBK 44.6 45.3 42.34 (12 Sep 2023) 249.05 (08 Nov 2010) CHOLAHLDNG 1,172.85 1,194.00 1,144.70 (13 Sep 2023) 1,194.00 (14 Sep 2023) GILLETTE 6,131.00 6,145.80 6,102.95 (11 Sep 2023) 8,200.00 (29 Oct 2019) GLENMARK 865.35 869.95 864.75 (13 Sep 2023) 1,261.95 (21 Aug 2015) GRASIM 1,932.70 1,953.35 1,947.75 (13 Sep 2023) 5,348.50 (05 Aug 2016) HDFCAMC 2,659.05 2,687.95 2,687.40 (12 Sep 2023) 3,844.00 (22 Nov 2019) HINDALCO 498.5 508.8 504.00 (18 Jan 2023) 1,503.00 (09 Jan 2004) INDUSINDBK 1,457.40 1,466.90 1,459.80 (08 Sep 2023) 2,037.90 (03 Aug 2018) IOB 36.72 37.52 36.70 (16 Dec 2022) 228.90 (07 Jan 2008) ITI 194.8 213.3 199.70 (13 Sep 2023) 275.00 (11 Jan 1994) LICHSGFIN 461.55 471 459.00 (05 Sep 2023) 1,496.50 (29 Sep 2010) LODHA 800.05 819.9 817.75 (12 Sep 2023) 1,538.65 (01 Dec 2021) LTIM 5,495.55 5,590.00 5,549.00 (13 Sep 2023) 7,595.25 (04 Jan 2022) LTTS 4,767.95 4,768.00 4,695.10 (12 Sep 2023) 5,958.10 (04 Jan 2022) MARUTI 10,486.80 10,575.00 10,568.20 (12 Sep 2023) 10,575.00 (14 Sep 2023) NAM-INDIA 336.9 344.75 342.00 (07 Sep 2023) 476.50 (19 Oct 2021) NH 1,098.30 1,104.95 1,077.15 (21 Jun 2023) 1,104.95 (14 Sep 2023) NHPC 55.72 56.78 55.75 (12 Sep 2023) 56.78 (14 Sep 2023) NMDC 150.6 150.9 146.75 (11 Sep 2023) 16,584.10 (06 Nov 2007) ONGC 187.75 188.8 186.70 (06 Sep 2023) 1,514.00 (10 May 2006) PGHH 17,004.00 17,692.25 17,466.00 (13 Sep 2023) 17,692.25 (14 Sep 2023) PNB 73.73 74.19 73.15 (13 Sep 2023) 1,395.00 (09 Nov 2010) PNBHOUSING 737.3 739.8 699.00 (25 Jul 2023) 1,715.30 (30 Aug 2017) SPLPETRO 488.4 503.45 499.00 (04 Sep 2023) 1,027.05 (28 Mar 2022) TATACOFFEE 260.7 268.8 264.00 (13 Sep 2023) 1,675.00 (08 May 2013) TATACONSUM 883 899 891.15 (13 Sep 2023) 1,220.00 (29 Jun 2010) TATASTEEL 131.5 134.25 133.20 (12 Sep 2023) 1,534.60 (16 Aug 2021) TCS 3,563.20 3,597.65 3,589.85 (12 Sep 2023) 4,045.50 (18 Jan 2022) TECHM 1,278.90 1,289.00 1,283.90 (12 Sep 2023) 2,998.00 (02 Feb 2015) TITAN 3,259.70 3,299.70 3,269.00 (13 Sep 2023) 4,765.00 (14 Jun 2011) ULTRACEMCO 8,703.70 8,703.70 8,685.25 (13 Sep 2023) 8,703.70 (14 Sep 2023) WIPRO 436.4 443 441.35 (12 Sep 2023) 9,800.00 (22 Feb 2000) Share Market Today LIVE | Axis Bank, Tata Steel, Titan, other stocks hit 52-week highs
As many as 10 stocks in the S&P BSE Sensex 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) AXISBANK 1,020.80 1,022.10 1,017.50 (13 Sep 2023) 2,042.95 (23 Jul 2014) BHARTIARTL 915.95 920 918.00 (13 Sep 2023) 1,149.00 (10 Oct 2007) INDUSINDBK 1,456.40 1,466.90 1,459.80 (08 Sep 2023) 2,037.90 (03 Aug 2018) MARUTI 10,489.45 10,575.00 10,568.20 (12 Sep 2023) 10,575.00 (14 Sep 2023) TATASTEEL 131.75 134.25 133.20 (12 Sep 2023) 1,534.60 (16 Aug 2021) TCS 3,561.00 3,597.65 3,589.85 (12 Sep 2023) 4,045.50 (18 Jan 2022) TECHM 1,279.65 1,289.00 1,283.90 (12 Sep 2023) 2,998.00 (02 Feb 2015) TITAN 3,262.25 3,299.70 3,269.00 (13 Sep 2023) 4,765.00 (14 Jun 2011) ULTRACEMCO 8,696.35 8,698.05 8,685.25 (13 Sep 2023) 8,698.05 (14 Sep 2023) WIPRO 436.6 443 441.35 (12 Sep 2023) 9,800.00 (22 Feb 2000) Share Market Today LIVE | Brokerages see over 30% upside in Fusion Micro Finance; stock jumps over 3.5%
Brokerage firm ICICI Securities and Investec are bullish on Fusion Micro Finance's stock and see an upside of over 30 per cent. According to reports, the company's prudent expansion strategy, growth potential, and commitment to becoming a trusted financial service provider in rural India are some key positives.
Apart from this, Investec believes that the finance industry is resilient, and its structural developments are creating a strong outlook for Fusion MicroFinance. The brokerage estimates the company's assets under management (AUM) to grow by 25 per cent at a compound annual growth rate (CAGR) and its profit to rise by 20 per cent over the next three years. The counter trades at Rs 617.05, up 3.5 per cent. Read more
Share Market Tips LIVE | Buy IG Petro, Jamna Auto shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying IG Petro shares for targets of Rs 545 and Rs 550 with a stop loss at Rs 510. Besides, he recommends buying Jamna Auto shares for a target of Rs 130 with a stop loss at Rs 114.
Share Market Today LIVE | JK Tyre stock rises more than 2% after rating upgrade from CARE
Shares of JK Tyre trade nearly 3 per cent at Rs 260a day after the tyremaker announced on Wednesday that CARE Ratings Ltd. (CARE) had upgraded its long-term issuer rating to CARE A+ from 'CARE A'. CARE has also upgraded the outlook of Cavendish Industries Limited, a subsidiary of JK Tyre, to 'stable' from 'negative'. Read more
Share Market Today LIVE | Bombay Burmah stock jumps 14%, clocks fresh 52-week high of Rs 1,375
Bombay Burmah Trading Corporation Ltd, NSE: BBTC shares zoomed by as much as nearly 14 per cent to clock a fresh 52-week high of Rs 1,375 apiece on the NSE, surpassing an earlier peak of Rs 1,297.75 touched on September 8, 2023. The trends follow in the counter despite India Ratings revising the Bombay Burmah Trading Corporation’s outlook to negative from stable while affirming the long-term issuer rating at ‘IND AA’ in a report dated September 8. Read more
Share Market Today LIVE | From issue price of Rs 585 to lifetime high of Rs 2,484, this stock has had a spectacular run on D-Street
Every year, numerous companies come up with their initial public offerings (IPOs) to raise money as well as to enjoy the benefits of being in a listed space. Among them, some script history with record-breaking subscriptions, while others fizzle out with muted or poor responses from the investors. Data Patterns is one such company whose share sale was a big hit. Investors rushed to lap up the shares that were put on offer, and on the final day, the share sale closed with an impressive 119.62 times subscription. Read more
Share Market Today LIVE | Zaggle Prepaid IPO opens for subscription; check out allotment date, subscription status, listing date; should you apply?
The initial public offer (IPO) of Zaggle Prepaid Ocean Services has opened for subscription on Thursday, September 14. The bidding process for the public offer, comprising fresh issuance worth Rs 392 crore and an offer for sale (OFS) worth Rs 1.04 crore shares by promoters and a few external investors, will conclude on Monday, September 18. Under the OFS, promoters -- Raj P Narayanam and Avinash Ramesh Godkhindi -- will offload shares.
Zaggle IPO allotment date
The basis of the allotment of shares under the IPO of Zaggle Prepaid is set to be finalised on September 22, Friday. Successful bidders will get shares credited into their demat accounts on September 26, Tuesday, whereas other participants will have refunds initiated on September 25, Monday.
Zaggle IPO listing date
The Zaggle Prepaid stock is likely to be listed in the secondary market on September 27, Wednesday. The equity shares of the company will be listed on the BSE and NSE.
Zaggle IPO review: Should you subscribe to it? Here is what Anil Singhvi suggests
Zee Business Managing Editor Anil Singhvi said that investors with a higher risk appetite should invest money for the long term. Read more
Source: Freepik/ Representational image Share Market Today LIVE | CONCOR shares surge over 3%; Jefferies maintains 'buy' on stock, target price raised to Rs 825
Shares of Container Corporation of India (CONCOR) rally as much as 3.33 per cent to hit a high of Rs 722.30 apiece on the BSE on Thursday, September 14. Foreign brokerage Jefferies has maintained a 'buy' call on the stock and has raised the target price to Rs 825 from Rs 775 earlier. Read more
Dividend Stocks | Prestige Estates Projects, Vadilal Industries among 8 shares trade ex-date today
A total of eight stocks traded ex-dividend on Thursday, September 14, according to the NSE website. The list includes Prestige Estates Projects, Vadilal Industries and other stocks.
Amrutanjan dividend 2023
Amrutanjan Health Care has announced a dividend of Rs 2.6 per equity share with a face value of Re 1. The record date is also September 14.
Prestige Estates dividend
Prestige Estates Projects has announced a dividend of Rs 1.5 per equity share with a face value of Rs 10. The record date is also September 14.
Vadilal Industries dividend
Vadilal Industries has announced a dividend of Rs 1.5 per equity share with a face value of Rs xxx. The record date is also September 14.
Dhunseri Investments dividend
Dhunseri Investments has announced a dividend of Rs 2.5 per equity share with a face value of Rs 10.
Radico Khaitan dividend
Radico Khaitan has announced a dividend of Rs 3 per equity share with a face value of Rs 2. Read more
Share Market Today LIVE | IRCTC stock jumps over 2% after railway ticketing firm signs MoU with MSTRC
Indian Railway Catering Tourism Corporation (IRCTC) shares trade edge higher, a day after the railway ticketing and catering company signed an MoU with Maharashtra State Road Transport Corporation (MSTRC). The counter trades over 1 per cent higher at Rs 694.35 on BSE.
As per the Memorandum of Understanding (MoU), IRCTC will enable MSRTC's online bus booking services via IRCTC's bus booking portal/website, accessible at https://www.bus.irctc.co.in. Read more
Currency Update | Rupee rises 8 paise to 82.93 against US dollar
The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities.
Share Market Today LIVE | NBCC shares eye fresh 52-week high after PSU construction firm bags order from SAIL
NBCC shares surge after the state-run construction company bagged a project management consultancy order worth Rs 180 crore from PSU steel major SAIL. The NBCC stock gained by as much as Rs 6, or 10.7 per cent, to Rs 62.3 apiece in morning deals on BSE, coming within inches of a 52-week high touched last week. In a regulatory filing post-market hours on Wednesday, NBCC said the deal involved consultancy and management services for the upcoming infrastructure-related projects of SAIL's Bokaro Steel unit. The company said the timeline of the order was yet to be decided. Read more
Share Market Today LIVE | Bombay Dyeing jumps 20% as firm's board approves sale of land parcel in Worli for nearly Rs 5,200 crore
Bombay Dyeing and Manufacturing Company Limited (BDMC) shares zoom as much as 20 per cent to hit a high of Rs 168.50 apiece on the BSE after the company's board on Wednesday approved a proposal to sell the land parcel of about 22 acres in Worli, Mumbai, to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo, for Rs 5,200 crore.
Upon approval of shareholders, BDMC will receive about Rs 4,675 crore from the buyer for Phase I. The balance amount of about Rs 525 crore will be received upon completion of certain conditions by BDMC and the execution and consummation of the definitive agreements thereto for Phase II, the company said in its regulatory filing. Read more
Image source: Official website/ Representational image 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 coming in at 19,950-20,000 levels and a strong buy zone at 19,865-19,915 levels on Thursday, September 14. For the Nifty Bank, he expects support at 45,525-45,650 levels and a strong buy zone at 45,250-45,375 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE: Nifty50 near 20,150, Sensex trades over 200 pts higher
Nifty 50
Nifty trades at 20,128, up 0.29 per cent in opening deals.
Source: NSE
Sensex
Sensex trades 212 points higher at 67,679 in opening deals.
Source: BSE
Share Market Today LIVE | Nifty50 scales a fresh life high of 20,139.5 while S&P Sensex scales a life high of 67,693.88 in the opening deals on September 14
Pre-Opening Comment | Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
“Markets are likely to maintain the upward bias amid recovery in other Asian gauges. The August US CPI figures reinforce speculation that the Federal Reserve may pause its rate hikes in next week's policy meeting. However, the technical landscape continues to be bullish with Nifty bulls now aiming aggressively at the psychological 20500 mark. However, persistent FII selling and expensive valuations could limit the upside going ahead.”
Traders' Diary | Buy, sell or hold strategy on DMart, ONGC, Bharat Forge, LIC Housing Finance, NBCC, other stocks
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 Thursday, September 14. 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 Dwarikesh Sugar shares in the cash segment for a price target of Rs 96 with a stop loss at Rs 91
- Buy SRF futures for a target of Rs 2,470 with a stop loss at Rs 2,380
- Buy the Rs 1,080 call option of Bharat Forge at Rs 26.5 for a target of Rs 40 with a stop loss at Rs 18
- Technical pick: Buy JSPL shares for a target of Rs 714 with a stop loss at Rs 685
- Fundamental pick: Buy Avenue Supermarts (DMart) shares for a one-year target of Rs 4,500
- 20k Pick: Buy Polycab shares for a one-year target of Rs 6,000. Read more
Stocks to Watch | Suven Pharmaceuticals, JK Tyre, Maruti Suzuki, IRCTC, and InterGlobe Aviation among top stocks to track today
ZeeBiz takes you through the list of stocks that can see notable movements on Thursday (September 14).
Suven Pharmaceuticals
The Union Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday, approved the Foreign Direct Investment proposal for the investment of up to Rs 9,589 crore in Suven Pharmaceuticals Limited by Berhyanda Limited of Cyprus. In a statement, the government said that the approval was for the acquisition of up to 76.1 per cent of the equity shares of Suven Pharmaceuticals. It is an Indian pharmaceutical company listed on the exchanges.
JK Tyres
The tyremaker said on Wednesday that CARE Ratings Ltd. (CARE) had upgraded its long-term issuer rating to CARE A+ from 'CARE A'. "As per the rating rationale released by CARE, the revision in the rating considers the improved operational and financial performance of the company in FY23 as characterised by increasing scale of operations, better-working capital management, and improved leverage indicators, which is expected to sustain going forward as well," the company said in its BSE filing on Wednesday.
IRCTC
IRCTC on Wednesday signed a Memorandum of Understanding (MOU) with Maharashtra State Road Transport Corporation (MSTRC) to enable MSRTC's online bus booking services via IRCTC's bus booking portal/website, accessible at https://www.bus.irctc.co.in. As per the MoU, MSRTC will provide APIs of its online bus ticketing system to IRCTC, which in turn will integrate MSRTC bus ticketing APIs on its website, www.bus.irctc.co.in and mobile apps. Read more
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 50.55 points or 0.25 per cent at 20,179.5 ahead of the opening bell on Dalal Street.
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