Share Market HIGHLIGHTS: Nifty tops 19,600, Sensex settles 100 pts higher; Tata Consumer Products jumps 4%

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Share Market HIGHLIGHTS: Nifty ends above 19,600, Sensex settles 100 pts higher

Nifty 50

Nifty ends above 19,600, up 0.18 per cent. 

Source: NSE

Sensex

 Sensex settles 100 points higher at 65,880.52.

Source: BSE

Share Market HIGHLIGHTS | Tata Consumer Products, Divi's Lab, Bharti Airtel rise most in 50-scrip blue-chip basket

Tata Consumer Products, Divi's Lab, Bharti Airtel and HDFC Bank are among the top gainers in the Nifty basket, trading with gains of around 4-1 per cent. On the other hand, Tata Steel, Hindalco, Axis Bank and NTPC are among the top losers, down nearly 2 per cent.

Share Market Today LIVE | Sugar stocks rally as prices hit six-year high; Avadh Sugar zooms nearly 12%

An increase in sugar prices boosted the demand for sugar stocks in Wednesday's trading session. According to a Reuters report, sugar prices in India have jumped by more than 3 per cent in a fortnight to their highest level in six years. All sugar stocks were trading in green in the afternoon trade. Among individual names, Avadh Sugar was up nearly 12 per cent, Dalmia Bharat Sugar and Industries Ltd was up over 6 per cent, Dhampur Sugar Mills shares were up over 5 per cent, Shree Renuka Sugars was up over 5 per cent, and Sakthi Sugars was up nearly 5 per cent in the last hour of the trade. Read more 

Share Market Tips LIVE | Buy Rupa & Company, Kabra Extrusion shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Rupa & Company shares for a target of Rs 300 with a stop loss at Rs 270. Besides, he recommends buying Kabra Extrusion shares for a target of Rs 475 with a stop loss at Rs 455.

Share Market Today LIVE: Sensex falls 200 pts, Nifty above 19,500 dragged by IT, financial stocks

Nifty 50

Source: NSE

Sensex

Source: BSE

Nifty Today LIVE | ICICI Bank, Infy, Axis Bank among top drags in the Nifty basket

ICICI Bank, Infy, Axis Bank and Tata Steel are among the top drags in the Nifty basket at this hour. On the contrary, HDFC Bank, Bharti Airtel, ITC and Titan 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 | Oberoi Realty shares soar to record high; can you expect momentum to continue?

Property developer Oberoi Realty's shares scales a record high on Wednesday, continuing to rise for a fourth straight session on Dalal Street. The realty stock gained by as much as Rs 13.3, or 1.2 per cent, to touch an unprecedented Rs 1,160.3 apiece in intraday trade on BSE. The sustained buying interest in Oberoi Realty shares comes ahead of the onset of the festive season in the country, which typically sees consumers lining up their big purchases. Read more

Share Market Today LIVE | Vedanta shares inch higher after company regains control of Konkola Copper Mines

Shares of mining major Vedanta (VEDL) inch higher on Wednesday (September 6) after Zambia agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources. This ended a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The stock trades at Rs 242.1 apiece, up by Rs 0.7, or 0.29 per cent on the NSE. Read more

Stock to Buy | ITC, Sun Pharma, AB Fashion, Bank of India among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Kunal Shah, Vishvesh Chauhan, Siddharth Sedani and Sumit Bagadia 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 ITC, Sun Pharma, AB Fashion, Bank of India, Oberoi Realty, AB Fashion and UBL. Read more 

Share Market Today LIVE | Oberoi Realty and Brigade hit 52-week highs amid positive outlook for realty market

Zee Business research analyst Aman Nahar has high hopes for the real estate market. He says that the market is in an upbeat mood, and, with the festive season just around the corner, there can be a growth of 15 to 20 per cent in real estate property inquiries. He said that momentum for the demand for property is already high, as it was up by 19.7 per cent year-on-year and 4.9 per cent quarter-on-quarter from April to June. The analyst says buyers are fast approaching real estate companies for inquiries, and high transaction volumes are expected to continue in real estate markets in Bengaluru, Mumbai, and Pune. Read more 

Share Market Today LIVE | These five Nifty 500 stocks have gained up to 186% so far in 2023; here is what analysts suggest

Select Nifty 500 stocks have given skyrocketing returns in 2023. From JBM Auto to Polycab India, six stocks have given up to 186 per cent returns so far in 2023. But is there more stream left in them?

Here is what brokerages say:

JBM Auto 

The auto component manufacturer's shares have soared over 186 per cent in 2023. The rally can be attributed to the company's entry into the electric vehicle segment, according to Nirmal Bang Securities. The brokerage said that the 5,000 EV bus order won by JBM Auto Limited and its subsidiaries has benefited the company.

Apar Industries 

The aluminium and alloy conductor manufacturing company's stock has climbed over 170 per cent. Nirmal Bang Securities has given a 'buy' call on Apar Industries for a target price of Rs 5,415 apiece. The brokerage's outlook over the medium term remains strong due to healthy demand amid aggressive capex globally for Renewable Energy capacity addition, transmission expansion, infrastructure development, public transportation, and telecom pushes coupled with the benefits of China+1. Read more 

Share Market Today LIVE | Jupiter Life Line Hospitals IPO hits Street; should you apply for it?

Jupiter Life Line Hospitals, a multi-specialty hospital chain operator, launched an initial public offer (IPO) on Wednesday, September 6. The initial share sale comprises fresh issuance of shares worth Rs 542 crore, and an offer for sale (OFS) worth Rs 327 crore by promoters and existing shareholders. Jupiter Life Line Hospitals shares are set to be listed on stock exchanges BSE and NSE on September 18.

Here are important things to know about the Jupiter Life Line Hospitals IPO:

Important dates:

The bidding process for the IPO will continue from 10 am to 5 pm for three trading days, till September 8. The basis of the allotment of shares under the IPO is likely to be finalised on September 13. Successful bidders are set to get shares credited into their demat accounts on September 15, whereas other participants will have refunds initiated the previous day, September 14.

Issue price: The company has set a price band of Rs 695-735 apiece for the IPO.

Lot size: Under the IPO, potential investors will be able to bid for Jupiter Life Line Hospitals shares in multiples of 20, translating to Rs 13,900-14,700 per lot. Read more 

Share Market Today LIVE | Asian Paints, Berger Paints, MRF, Apollo Tyres under pressure amid jump in oil prices; ONGC, GAIL rise

Shares of paints, tyres, and oil marketing companies (OMCs) are trading mostly lower on Wednesday, September 6, after crude oil prices rose a dollar per barrel on Tuesday to their highest since November 2022 after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, worrying investors about potential shortages during peak winter demand. However, aviation stocks such as SpiceJet and InterGlobe Aviation were trading in the green. Furthermore, ONGC, Oil India, and GAIL—oil exploration companies—were trading higher as they are key beneficiaries of rising oil prices. Read more 
 

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 19,465-19,525 levels and a strong buy zone at 19,385-19,435 levels on Wednesday, September 6. For the Nifty Bank, he expects support at 44,300-44,425 levels and a strong buy zone at 44,000-44,200 levels.

Read more on how Anil Singhvi views the Indian share market today and what he recommends