Share Market HIGHLIGHTS: Nifty finishes at 19,727; Sensex ends volatile day 385 pts higher; Coal India zooms 7%
Share Market HIGHLIGHTS: After a subdued start, the bulls staged a smart comeback on Thursday, September 7 amid healthy buying in capital goods, financials, realty and energy counters. 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: After a subdued start, the bulls staged a smart comeback on Thursday, September 7 amid healthy buying in capital goods, financials, realty and energy counters. S&P BSE Sensex ended the volatile trade at 66,265.56, up 385 points, or 0.58 per cent while the Nifty50 index ended at 19,727.05, up 116 points, or 0.59 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:
Latest Updates
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
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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: NSESensex
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: NSESensex
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.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) HCLTECH 1,250.05 1,255.80 1,242.00 (06 Sep 2023) 3,021.00 (21 Feb 2000) LT 2,808.15 2,814.00 2,767.00 (24 Aug 2023) 4,670.00 (01 Nov 2007) TECHM 1,271.20 1,274.85 1,270.35 (17 Jul 2023) 2,998.00 (02 Feb 2015) 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
Share Market Today LIVE | Nifty near 19,600, Sensex down over 50 pts
Nifty 50
Nifty trades near 19,600, down 0.11 per cent.
Source: NSESensex
Sensex trades over 50 points lower at 65,807.6.
Source: BSE
Traders' Diary: Buy, sell or hold strategy on ITC, TCS, Tata Steel, Lupin, Lemon Tree, 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 Thursday, September 7. 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:
Ashish Chaturvedi
- Buy Lumax shares in the cash segment for a price target of Rs 2,435 with a stop loss at Rs 2,320
- Buy Atul Ltd futures for a target of Rs 7,590 with a stop loss at Rs 7,400
- Buy the Rs 450 call option of ITC for a target of Rs 10 with a stop loss at Rs 6
- Technical pick: Buy GM Brew shares for a target of Rs 680 with a stop loss at Rs 630
- Fundamental pick: Buy Lemon Tree shares for a 10-day target of Rs 115
- Investment idea: Buy Nippon Life AMC shares for a target of Rs 375 with a perspective of 9-12 months. Read more
Dividend stocks: Repco Home Finance, Excel Industries among 6 shares to trade ex-date today
A total of six stocks will trade ex-dividend on Thursday, September 7, according to the NSE website. The list includes Excel Industries, Mazda, Shreyas Shipping & Logistics and other stocks.
Excel Industries dividend
Excel Industries has announced a dividend of Rs 11.25 per equity share with a face value of Rs 5. The record date is also August 7.
Mazda dividend
Mazda has announced a dividend of Rs 14 per equity share with a face value of Rs 10.
Kopran dividend
Kopran has announced a dividend of Rs 3 per equity share with a face value of Rs 10. Read more
Stocks to Watch | TCS, Tata Motors, Amber Enterprises, Biocon, Tata Consumer Products, and Indian Hotels among top stocks to track today
ZeeBiz takes you through the list of stocks that can make an impression in early morning deals on Thursday (September 7).
TCS, Tata Motors
Tata Consultancy Services (TCS) announced on Wednesday that it has entered into a strategic partnership with the Digital unit of 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.
Biocon
On Wednesday, Biocon Biologics Ltd (BBL), a subsidiary of Biocon, announced that the company had completed integrating the acquired biosimilars business from Viatris in North America (United States and Canada) effective September 1, 2023.
Tata Consumer Products
The company has denied a Reuters report that it was in talks with snack maker Haldiram's to acquire a controlling stake in the company.
Oil stocks
Following the recent cut in domestic LPG prices, the central government may cut petrol, and diesel prices by Rs 3-5 a litre around Diwali given that key state elections start from November-December, JM Financial Institutional Securities said in a report. Last week, the government cut the price of the domestic 14.2kg LPG cylinder by Rs 200/LPG cylinder for all 330 million consumers. Oil shares like ONGC, IOCL, and Oil India can be in the limelight on Thursday.Read more
Share Market Today LIVE | GIFT Nifty futures indicate a listless start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 33.7 points or 0.17 per cent at 19,631.5 at the last count ahead of the opening bell on Dalal Street.
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