Share Market HIGHLIGHTS: Nifty finishes at 19,727; Sensex ends volatile day 385 pts higher; Coal India zooms 7%

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Share Market HIGHLIGHTS | Coal India, L&T, IndusInd Bank among the top gainers in Nifty basket

Coal India, L&T, IndusInd Bank and SBI Life are among the top gainers in the Nifty basket, trading with gains of around 7-2 per cent. On the other hand, Tata Consumer Products, ONGC, Britannia and M&M are among the top losers, down around 2-1 per cent. 

Source: NSE

Share Market HIGHLIGHTS | Nifty settles above 19,700; Sensex ends nearly 400 pts higher

Nifty 50

Nifty ends above 19,700, up 0.59 per cent. 

Source: NSE

Sensex

Sensex ends nearly 400 points higher at 66,265.56.

Source: BSE

Share Market Today LIVE | Force Motors shares hit 5% upper circuit on rise in production, sales in August

Force Motors shares locked in a 5 per cent upper circuit on Thursday, September 7, after the company reported a rise in its sales and production data for the month of August. Force Motors reported that its total production for August 2023 reached 3,032 units, surpassing the 2,987 units produced in July 2023.

Total sales for August 2023 stood at 2,601 units, an increase from the 2,564 units sold in the previous month. Moreover, the company's export figures also surged, rising from 227 units in July to an impressive 675 units in August, showcasing its global reach and competitiveness. Read more 

Share Market Today LIVE | This PSU clocks a fresh 52-week high; ranks among highest dividend-paying stocks

Coal India shares zoom as much as over 6.5 per cent on Thursday, September 7, to clock a fresh 52-week high of Rs 272.9 each on NSE, given the surge in volume on the bourse. As many as 57.71 lakh shares have changed hands on the bourse in Thursday's session so far, in contrast to a daily average of 6.2 lakh shares in the past two weeks, according to provisional exchange data.

Coal India dividend yield

Coal India tops the list among the top dividend-yield paying stocks, as per Religare Broking's latest report. At the current market price, the coal miner has given a dividend yield of 10.5 per cent with FY22 DPS at Rs 17 and FY23 DPS at Rs 24.3. Read more 

Share Market Today LIVE: Sensex over 350 pts off day's low, Nifty above 19,650

Nifty 50

Source: NSE

Sensex

Source: BSE

Share Market Today LIVE | Jupiter Life Line Hospital IPO fully subscribed on Day 2

Jupiter Life Line Hospitals, a multi-specialty hospital chain operator's share sale have received bids for 1,32,49,380 shares against 84,97,169 shares on offer so far on day 2, Thursday. The category for Qualified Institutional Buyers (QIBs) has been subscribed 0.01 times. The non-institutional investors' part is subscribed 2.72 times, while the quota for Retail Individual Investors (RIIs) has got subscribed 1.92 times. Overall, the public issue has been subscribed to 1.56 per cent so far on Day 2 of the bidding process. ​Read more

Share Market Today LIVE | HCL tech, L&T hit 52-week highs

As many as three stocks in the S&P BSE Sensex basket reached the milestone.

Share Market Today LIVE | Nazara Tech board approves proposal to raise funds by issuing shares to SBI Multicap Fund; stock down 1%

Nazara Tech board on Thursday (September 7) approved a proposal to raise funds by issuing 28 lakh shares at Rs 714 per share to SBI Multicap Fund. The scrip trades at Rs 872.45, down 1.11 per cent on NSE. Read more 

IT Stocks | TCS, Wipro, HCL Technologies trade higher after Nomura increases target price for leading IT firms

Stocks of HCL Technologies, TCS, and Wipro are trading higher, while the ones from Infosys are down on Thursday (September 7) after brokerage firm Nomura raised the target price for these prominent IT companies, and also gave a positive outlook for the IT industry in India.

Nomura also gave a positive outlook for the Indian IT industry. It estimated revenue growth would pick up in FY25F. The brokerage said that the growth would be aided by large deals. As per its analysis, the margin improvement in the industry will be slow since cost takeout projects would weigh on margins. Read more 

Stock to Buy | TCS, Wipro among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vikas Sethi, Himanshu Gupta, Sumeet Bagadia and Kunal Saraogi 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 TCS, Wipro and Hindustan Unilever (HUL). Read more 

Share Market Today LIVE | Shriram Finance shares inch lower after fund houses offload stock in bulk deals

Shriram Finance shares inches in intraday trade on Thursday after fund houses offloaded shares in the non-banking financial company (NBFC) in bulk deals. Small Cap World Fund offloaded 20.26 lakh Shriram Finance shares, representing 0.54 per cent of the company’s equity, and New World Fund Inc offloaded 26.77 lakh shares (0.71 per cent stake) in bulk deals amounting to Rs 381 crore and 503.5 crore, respectively, according to bulk deals data available with the exchanges.

Both deals took place at an average price of Rs 1,880.28 apiece, translating to a discount of 1.7 per cent to the previous close. At the end of the June quarter, New World Fund held a 1.95 stake in Shriram Finance, according to shareholding data. Read more 

Share Market Today LIVE | TCS trades flat after it inks $1 billion deal with JLR; here is what JP Morgan says

Shares of Tata Consultancy Services (TCS) and Tata Motors were on investors' radar on Thursday (September 7), a day after the IT services bellwether announced that it has entered into a strategic partnership with the digital unit of Jaguar Land Rover (JLR) to transform, simplify, and help manage its digital estate and build a new future-ready, strategic technology architecture that will support the latter’s Reimagine strategy. Shares of TCS are trading 0.15 per cent higher at Rs 3,435 on the BSE, while Tata Motors is trading at Rs 612.75, up 0.41 per cent on the BSE. Read more 

Share Market Today LIVE | Tata Consumer shares fall after company denies report suggesting talks to pick at least 51% in Haldiram's

Tata Consumer Products shares succumbs to selling pressure in early deals on Thursday, giving up much of the gains registered in the final hours of the previous session, after the Tata group company denied reports suggesting it was in talks to buy a significant stake in popular snack maker Haldiram's. The stock of Tata Consumer Products has declined by Rs 26.1, or three per cent, to Rs 853.9 apiece on BSE, having finished Wednesday's session four per cent stronger at Rs 879.9 apiece. 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 19,485-19,525 levels and a strong buy zone at 19,435-19,465 levels on Thursday, September 7. For the Nifty Bank, he expects support at 44,000-44,200 levels and a strong buy zone at 43,750-43,850 levels.

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