Share Market HIGHLIGHTS: Nifty reclaims 19,800, Sensex settles 333 pts higher; NTPC, Coal India gain 2%
Share Market HIGHLIGHTS: The Indian share market rallied for the sixth consecutive session on Friday, September 8, topping a month high amid buying in bank, auto, financial services, realty, and oil & gas stocks. 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 Indian share market rallied for the sixth consecutive session on Friday, September 8, topping a month high amid buying in bank, auto, financial services, realty, and oil & gas stocks. The Reserve Bank of India's (RBI) decision to discontinue the incremental cash reserve ratio (ICRR) boosted the rally in banking stocks.
BSE Sensex ended 333.35 points, or 0.5 per cent higher at 66,598.91, and NSE Nifty finished up 92.9 points, or 0.47 per cent at 19,819.95.
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:
Latest Updates
Share Market HIGHLIGHTS | NTPC, Coal India, BPCL among top gainers in Nifty basket
NTPC, Coal India, BPCL and Tata Motors are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, UltraTech Cement, Eicher Motors, UPL and Apollo Hospitals are among the top losers, down around 1 per cent.
Source: NSE
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Share Market HIGHLIGHTS | Nifty reclaims 19,800, Sensex settles 333 pts higher
Nifty 50
Nifty ends at 19,820, up 0.47 per cent.
Source: NSESensex
Sensex ends 333 points higher at 66,599.
Source: BSE
Share Market Tips LIVE | Buy Stove Kraft India shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart also recommends buying Stove Kraft shares for a target of Rs 570 with a stop loss at Rs 537.
Share Market Tips LIVE | Buy JTEKT India shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying JTEKT India shares for a target of Rs 160 with a stop loss at Rs 138.
Share Market Today LIVE | BHEL, BEL, GAIL hit 52-week highs
As many as 67 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) 3MINDIA 32,950.00 33,329.30 33,144.95 (04 Sep 2023) 33,329.30 (08 Sep 2023) ALOKTEXT 21.74 22.33 22.30 (07 Sep 2023) 220.00 (19 Dec 1994) ASTERDM 340.3 344.5 343.45 (05 Sep 2023) 344.50 (08 Sep 2023) BBTC 1,194.10 1,237.85 1,188.35 (12 Jul 2023) 10,500.00 (01 Sep 1994) BEL 143.55 144.2 142.25 (04 Sep 2023) 4,160.00 (04 Aug 2015) BHEL 144.3 145 143.55 (05 Sep 2023) 2,925.00 (07 Nov 2007) BIKAJI 529.35 533.05 529.40 (06 Sep 2023) 533.05 (08 Sep 2023) BIRLACORPN 1,287.55 1,328.85 1,266.00 (30 Jun 2023) 1,649.00 (09 Nov 2021) CASTROLIND 156.7 162.65 160.90 (07 Sep 2023) 2,400.00 (22 Apr 1992) CESC 92.64 94.4 93.27 (07 Sep 2023) 1,188.95 (11 Jan 2018) CGPOWER 455 459.25 449.75 (07 Sep 2023) 3,000.00 (31 Mar 1992) CHALET 561.2 567.1 557.95 (04 Sep 2023) 567.10 (08 Sep 2023) CHOLAHLDNG 1,070.15 1,078.95 1,056.55 (07 Sep 2023) 1,078.95 (08 Sep 2023) COALINDIA 282.55 284.4 274.35 (07 Sep 2023) 447.25 (05 Aug 2015) COCHINSHIP 1,226.95 1,258.00 1,146.15 (07 Sep 2023) 1,258.00 (08 Sep 2023) DEEPAKNI 2,336.55 2,372.95 2,355.55 (03 Nov 2022) 3,020.00 (19 Oct 2021) DEVYANI 222.65 226.4 225.40 (07 Sep 2023) 226.40 (08 Sep 2023) DLF 541.2 544.45 532.30 (07 Sep 2023) 1,225.00 (15 Jan 2008) EXIDEIND 274.2 277 276.80 (04 Sep 2023) 388.45 (07 Sep 2006) FEDERALBNK 147.4 147.75 147.10 (07 Sep 2023) 550.75 (02 Jan 2013) GAIL 127.85 128.8 127.40 (07 Sep 2023) 555.00 (01 Jan 2008) GODREJIND 570 571 557.50 (24 Aug 2023) 908.90 (18 May 2006) GPPL 138.5 141.3 137.85 (07 Sep 2023) 262.00 (06 Apr 2015) GRAPHITE 524.7 548.15 489.70 (04 Sep 2023) 1,126.40 (14 Aug 2018) HAL 4,117.65 4,139.00 4,138.80 (24 Aug 2023) 4,139.00 (08 Sep 2023) HAVELLS 1,440.30 1,457.60 1,408.00 (20 Jul 2023) 1,503.70 (18 Oct 2021) HCLTECH 1,261.55 1,269.50 1,256.80 (07 Sep 2023) 3,021.00 (21 Feb 2000) HEG 1,843.70 1,914.00 1,844.40 (01 Aug 2023) 4,950.00 (16 Oct 2018) IDBI 71.15 73.35 72.84 (06 Sep 2023) 202.25 (11 Nov 2010) IDEA 10.77 11 10.89 (06 Sep 2023) 203.90 (17 Apr 2015) INDUSINDBK 1,459.40 1,459.40 1,446.35 (25 Jul 2023) 2,037.90 (03 Aug 2018) IRFC 75.83 76.82 75.72 (05 Sep 2023) 76.82 (08 Sep 2023) JSWENERGY 394.2 397.15 387.40 (06 Sep 2023) 408.70 (14 Oct 2021) KIMS 2,148.00 2,170.25 2,140.05 (07 Sep 2023) 2,170.25 (08 Sep 2023) KPRMILL 758.55 772.5 772.00 (31 Aug 2023) 2,349.60 (09 Sep 2021) KRBL 448.3 471 465.00 (07 Sep 2023) 673.00 (21 Dec 2017) LEMONTREE 115.95 116.5 112.85 (31 Aug 2023) 116.50 (08 Sep 2023) LODHA 759 779.5 772.00 (01 Aug 2023) 1,538.65 (01 Dec 2021) LT 2,900.00 2,927.95 2,854.95 (07 Sep 2023) 4,670.00 (01 Nov 2007) LTIM 5,482.85 5,500.00 5,496.00 (07 Sep 2023) 7,595.25 (04 Jan 2022) MAHABANK 42.51 42.71 42.70 (05 Sep 2023) 96.50 (07 Jan 2008) MAZDOCK 2,263.70 2,483.00 2,129.70 (07 Sep 2023) 2,483.00 (08 Sep 2023) MIDHANI 428.15 444 435.30 (04 Sep 2023) 444.00 (08 Sep 2023) MINDACORP 350.5 355.45 354.80 (05 Sep 2023) 355.45 (08 Sep 2023) NMDC 142.6 145.6 144.00 (06 Sep 2023) 16,584.10 (06 Nov 2007) NTPC 241.45 243.7 237.75 (07 Sep 2023) 291.00 (15 Jan 2008) OBEROIRLTY 1,176.00 1,180.00 1,164.95 (07 Sep 2023) 1,180.00 (08 Sep 2023) OFSS 4,298.00 4,310.00 4,284.90 (07 Sep 2023) 5,144.60 (19 Oct 2021) PCBL 175.5 179.7 178.25 (11 Jul 2023) 1,594.90 (09 Jan 2018) PETRONET 250.9 253.9 248.60 (07 Sep 2023) 458.80 (22 May 2017) PFC 300.25 306.65 277.20 (22 Aug 2023) 383.00 (14 Oct 2010) PGHH 17,200.00 17,217.00 16,969.35 (07 Sep 2023) 17,217.00 (08 Sep 2023) PRSMJOHNSN 142.55 144.5 144.30 (05 Sep 2023) 160.00 (17 Jan 2022) RECLTD 268.35 272.7 249.20 (30 Aug 2023) 409.50 (11 Oct 2010) RITES 548.8 567 540.70 (05 Sep 2023) 567.00 (08 Sep 2023) RVNL 163.3 165.8 163.45 (04 Sep 2023) 165.80 (08 Sep 2023) SHRIRAMFIN 1,945.95 1,955.00 1,944.45 (04 Sep 2023) 1,955.00 (08 Sep 2023) SONATSOFTW 1,112.50 1,124.70 1,120.45 (07 Sep 2023) 2,936.60 (16 Feb 2000) TATAPOWER 270.5 276.5 266.30 (07 Sep 2023) 3,500.00 (29 Jan 1992) TECHM 1,262.35 1,276.80 1,274.85 (07 Sep 2023) 2,998.00 (02 Feb 2015) TEJASNET 899.6 935 915.10 (04 Sep 2023) 935.00 (08 Sep 2023) THERMAX 2,902.10 2,935.10 2,869.95 (04 Sep 2023) 2,935.10 (08 Sep 2023) TRENT 2,076.50 2,130.00 2,112.40 (01 Sep 2023) 2,442.40 (07 Sep 2016) TVSMOTOR 1,481.95 1,489.95 1,485.65 (07 Sep 2023) 1,489.95 (08 Sep 2023) VARROC 445 466.9 451.30 (07 Sep 2023) 1,177.45 (03 Sep 2018) WELCORP 382.35 384.6 359.30 (30 Aug 2023) 537.70 (17 Jan 2008) WESTLIFE 983.6 993.85 993.25 (31 Aug 2023) 1,198.35 (10 Jun 2013) Share Market Today LIVE | HCL Tech, IndusInd Bank, L&T, other stocks hit 52-week highs
As many as five 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) HCLTECH 1,262.75 1,269.50 1,256.80 (07 Sep 2023) 3,021.00 (21 Feb 2000) INDUSINDBK 1,453.15 1,457.90 1,446.35 (25 Jul 2023) 2,037.90 (03 Aug 2018) LT 2,897.40 2,927.95 2,854.95 (07 Sep 2023) 4,670.00 (01 Nov 2007) NTPC 241.75 243.7 237.75 (07 Sep 2023) 291.00 (15 Jan 2008) TECHM 1,265.20 1,276.80 1,274.85 (07 Sep 2023) 2,998.00 (02 Feb 2015) BROKERAGE VIEW: Nirmal Bang Securities on Gillette India
RATING: BUY
TARGET PRICE: Rs 6,775
UPSIDE: 15%
The gradual introduction of the Braun range of products in India from Feb’22 as part of the listed Gillette India Ltd fills an important gap in GILL’s erstwhile India portfolio. Healthy sales growth in the last two years has resulted in Gillette India Grooming sales now increasing in terms of salience of global Grooming sales. Maintain Buy.
STOCK MARKET UPDATE: Key indices at 01:40 PM
BUZZING STOCK: Graphite India jumps over 10%
Share Market Today LIVE | Jupiter Life Line Hospital IPO subscribed 10.35 times on Day 3
Jupiter Life Line Hospitals, a multi-specialty hospital chain operator's share sale has received bids for 8,79,36,060 shares against 84,97,169 shares on offer so far on day 3, Friday. The category for Qualified Institutional Buyers (QIBs) has been subscribed 14.93 times. The non-institutional investors' part is subscribed 16.84 times, while the quota for Retail Individual Investors (RIIs) is subscribed 5.03 times. Overall, the public issue has been subscribed to 10.35 per cent so far on Day 3 of the bidding process. Read more
Stocks to buy | HDFC Bank, PowerGrid, DLF, IndusInd Bank among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Kunal Saraogi, Rajesh Palviya, Siddharth Sedani, Sumeet Bagadia and Sandeep Wagle 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 DLF, Trent, HDFC Bank, IndusInd Bank, PowerGrid and Deepak Fertilisers. Read more
Share Market Today LIVE | ONGC to invest Rs 15,000 crore in ONGC Petro-additions; stock rises
Oil and Natural Gas Corporation (ONGC) shares rose over 1 per cent after the state-owned oil exploration company said it will infuse about Rs 15,000 crore in ONGC Petro-additions (OPaL) as part of a financial restructuring exercise that will see gas utility GAIL being edged out of the petrochemical firm. ONGC currently holds a 49.36 per cent stake in ONGC Petro-additions Ltd (OPaL), which operates a mega petrochemical plant at Dahej in Gujarat. GAIL (India) Ltd has 49.21 per cent interest, and Gujarat State Petrochemical Corp (GSPC) has the remaining 1.43 per cent. Read more
Share Market Today LIVE | Bajaj Finserv shares jump over 2% after subsidiary Bajaj Allianz General Insurance reports strong numbers in August
Bajaj Finserv shares gain more than 2 per cent on the bourses, after a stellar performance by its subsidiary, Bajaj Allianz General Insurance Company, for the month of August. In August, Bajaj Allianz General Insurance Company reported a robust Gross Direct Premium underwritten, amounting to Rs 1,677.87 crore, which increased by 64.3 per cent from Rs 1,021 crore reported in August 2022. For the cumulative period from April to August 2023, the company's Gross Direct Premium reached a substantial Rs 9,228.81 crore, the financial services provider said in a filing to the stock exchanges on Thursday. Read more
Share Market Today LIVE | Mazagon Dock Shipbuilders clocks fresh all-time high; the stock has jumped over 380% in 12 months
Mazagon Dock Shipbuilders shares zoom nearly 19 per cent to clock a fresh all-time high of Rs 2,338.1 on BSE, a day after the company said in its regulatory filing that it had signed a Master Ship Repair Agreement (MSRA) with the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. "This is a Non-Financial Agreement. There are only two shipyards in the country including MDL who have signed MSRA. The agreement is expected to open up voyage repairs of US Navy Ships at MDL," the company added.
Defence sector outlook
ICICI Securities, in its research report dated September 5, said, "In our view, continued acceptance of necessity (AoNs), orders, and tests even in the pre-election year (general elections are due in CY24) bode well for the defence sector. It allays the apprehensions of investors pertaining to order book accretion. In this respect, we find BEL particularly in a vantage position, having crossed 50 per cent of order flow guidance (of INR 200bn) for FY24 already." Read more
Image source: Reuters/ Representational image Dividend Stocks | JBM Auto, Polyplex Corporation, Taj GVK Hotels & Resorts among 13 shares trade ex-date today
A total of 13 stocks traded ex-dividend on Friday, September 8, according to the NSE website. This list includes Responsive Industries, Gujarat Industries Power Company and other stocks.
RSWM dividend
RSWM has announced a dividend of Rs 5 per equity share with a face value of Rs 10.
Responsive Industries dividend
Responsive Industries has announced a dividend of Re 0.1 per equity share with a face value of Re 1.
Sarda Energy & Minerals dividend
Sarda Energy & Minerals has announced a dividend of Rs 0.75 per equity share and a special dividend of Rs 0.75 with a face value of Re 1. The record date is also September 8.
JBM Auto dividend
JBM Auto has announced a dividend of Rs 1.3 per equity share with a face value of Rs 2. Read more
Share Market Today LIVE | LIC shares up 1% after Sebi disposes of adjudication proceedings against the insurer
State-owned insurer Life Insurance Corporation (LIC) shares gain as much as 1.3 per cent to Rs 684.90 on the BSE after the capital markets regulator SEBI on Thursday disposed of adjudication proceedings against it with respect to alleged violations of mutual fund norms. The case pertained to the insurer's shareholding in IDBI Mutual Fund. 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 19,600-19,650 levels and a strong buy zone at 19,525-19,575 levels on Friday, September 8. For the Nifty Bank, he expects support at 44,625-44,775 levels and a strong buy zone at 44,425-44,575 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on Tata Steel, HAL, HCL Tech, Tejas Networks, Delhivery, 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 Friday, September 8. Check out which stocks are on analysts Ashish Chaturvedi and Varun Dubey's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy Landmark Cars in the cash segment or a price target of Rs 755 with a stop loss at Rs 710
- Buy PVR-INOX futures for a target of Rs 1,900 with a stop loss at Rs 1,840
- Buy the Rs 130 call option of Tata Steel for a target of Rs 5 with a stop loss at Rs 3
- Technical pick: Buy UCO Bank shares for a target of Rs 36 with a stop loss at Rs 33.7
- Fundamental pick: Buy Mazagon Dock shares for a target of Rs 2,170 with a stop loss at Rs 2,045. Read more
Currency Update | Rupee rises 10 paise to 82.13 against US dollar in early trade
Share Market Today LIVE | Nifty tops 19,750, Sensex gains over 100 pts
Nifty 50
Nifty trades above 19,750, up 0.19 per cent in opening deals.
Source: NSESensex
Sensex trades over 100 points higher at 66,391.49 in opening deals.
Source: BSE
Stock to Watch | Tata Steel, Mazagon Dock Shipbuilders, LIC, Bajaj Finserv, L&T, ONGC, Shree Renuka and Ashok Leyland among top stocks to track today
ZeeBiz takes you through the stocks that can be in the limelight on Friday morning.
ONGC
State-owned Oil and Natural Gas Corporation (ONGC) will infuse about Rs 15,000 crore in OPaL as part of a financial restructuring exercise that will see gas utility GAIL being edged out of the petrochemical firm. ONGC currently holds 49.36 per cent stake in ONGC Petro-additions Ltd (OPaL), which operates a mega petrochemical plant at Dahej in Gujarat. GAIL (India) Ltd has 49.21 per cent interest and Gujarat State Petrochemical Corp (GSPC) has the remaining 1.43 per cent.
Ashok Leyland
Hinduja group flagship Ashok Leyland on Thursday said it was aiming to be among the top 10 global commercial vehicle manufacturers in the near future. According to company chairman Dheeraj Hinduja, the heavy commercial vehicle maker is looking at exploring newer markets.
Sugar Stocks
Sugar cooperative NFCSF on Thursday junked rumours of likely sugar shortage in the country due to El Nino, saying domestic availability of the sweetener is not expected to be "adverse" in the 2023-24 season. Read more
Pre-Opening Comment | Markets may extend gains in early Friday trade, says Prashanth Tapse
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said, “Markets may extend gains in early Friday trade amid optimism in the Gift Nifty index even as US markets ended mixed in overnight trades while most of the Asian peers continue to linger in negative territories."
"However, caution may prevail after a 5-session rally in local markets, while investors may feel jittery on renewed concern over negative catalysts like inflation fears, rising US Dollar, strength in oil prices, and spiking US treasury yields," the expert added.
"Also, renewed FII selling in local markets could also weigh on the sentiment, after having sold local shares worth Rs 9,097 crore in the last 5 sessions. Technically, Nifty has support at 19589 for today's trade,” the expert further said.
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