Share Market HIGHLIGHTS: Sensex ends 413 pts lower, Nifty below 18,300 as financial stocks weigh on market
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex were trading below flatline during Tuesday's session amid profit booking in banking and financial shares despite positive global cues. The 12-share banking index - Nifty Bank retreats from the previous day's high to trade range-bound near flatline.
Equities in other Asian markets began the day higher as China data showed the country's industrial production expanded 5.6 per cent in April and as investors awaited a host of speeches by Fed officials scheduled during the course of the week.
Back home, a string of companies is scheduled to report their Q4 results on Tuesday, including Bharti Airtel, Bank of Baroda, LIC Housing Finance, Oberoi Realty, and Granules India.
Meanwhile, HDFC and HDFC Bank shares will trade ex-dividend.
Catch minute-by-minute updates of all the action in the Indian share market on May 16, 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:
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex were trading below flatline during Tuesday's session amid profit booking in banking and financial shares despite positive global cues. The 12-share banking index - Nifty Bank retreats from the previous day's high to trade range-bound near flatline.
Equities in other Asian markets began the day higher as China data showed the country's industrial production expanded 5.6 per cent in April and as investors awaited a host of speeches by Fed officials scheduled during the course of the week.
Back home, a string of companies is scheduled to report their Q4 results on Tuesday, including Bharti Airtel, Bank of Baroda, LIC Housing Finance, Oberoi Realty, and Granules India.
Catch minute-by-minute updates of all the action in the Indian share market on May 16, 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 Today | Sensex ends 413 pts lower, Nifty below 18,300 as financial stocks weigh on market; Bharti Airtel down 1.5% ahead of Q4 results
The Nifty 50 finishes the day with a loss of 112.4 points or 0.6 per cent at 18,286.5, and the Sensex settles at 61,932.5, down 413.2 points or 0.7 per cent from its previous close.
Here's how the 50-scrip benchmark gauge moved through the day:
Image: NSE
Share Market LIVE Updates: HDFC twins trade ex-dividend today
HDFC twins – Housing Development Finance Corporation (HDFC) and HDFC Bank were under pressure during Tuesday’s session as both stocks trade ex-dividend today.
Shares of HDFC – mortgage lender – were down more than 1.5 per cent to Rs 2740 per share, while HDFC Bank – India’s largest private lender – almost tumbled around 1.5 per cent to Rs 1653.95 apiece on the BSE intraday today. Read More
Share Market LIVE Updates: SBI shares flat ahead of Q4 results this week
India's largest lender State Bank of India (SBI) shares were near flatline during Tuesday’s session ahead of its March quarter earnings scheduled later this week on May 18, 2023.
SBI shares quoted at Rs 583.35 per share, up 1.45 or 0.25 per cent on Tuesday at around 1:00 PM from Monday’s closing of Rs 581.90 apiece.
Share Market LIVE Updates: Paras Defence shares rise
Paras Defence shares rise almost 3 per cent to touch a day’s high level of Rs 549.9 per share on the BSE during Tuesday’s session.
The surge in the stock can be attributed to the company’s MoU with the Society Of Applied Microwave Electronics Engineering Research (SAMEER) under IT Ministry for various technologies.
Share Market LIVE Updates: Astral shares rise 8% on robust Q4
Astral Ltd shares jumped more than 8 per cent to touch a day’s high level of Rs 1739.55 per share on the BSE during Tuesday’s trade after the company reported higher-than-estimated earnings for the March quarter of the previous fiscal.
The stock has given multibagger returns as it zoomed around 3.5 times in the last three years. Zee Business Anil Singhvi had recommended to 'buy' shares of Astral ahead of Tuesday's session.
Stock Market LIVE Updates: Q4 Review
Broader markets companies such as Vesuvius India, Astral Ltd, Uttam Sugars, Coromandel International, and others announced their March quarter earnings on Monday.
Zee Business panelist and market expert Varinder Bansal in conversation with Managing Editor Anil Singhvi analyzes the earnings of the firms mentioned above.
Check the Q4 review of all important results:
Varinder Results X-RAY
रिजल्ट की छोटी-छोटी बातें, नतीजों की बारीकियां और सटीक विश्लेषण...
किन कंपनियों के रहे अच्छे नतीजे, किन कंपनियों के रहे खराब नतीजे ?
जानिए वरिंदर बंसल के साथ रिजल्ट X-RAY में..#ResultsOnZee @varinder_bansal @AnilSinghvi_ pic.twitter.com/5rdvHrczFZ
— Zee Business (@ZeeBusiness) May 16, 2023
Share Market LIVE Updates: Nifty Midcap 100 Index hit 52-week high
The broader market index Nifty Midcap 100 touched a fresh 52-week high on Tuesday and breached the 33,000 mark for the first time.
Share Market LIVE Updates: Nifty Technical Outlook
On the daily chart, a modest positive candle with light upper and lower shadows formed in Nifty. Immediate support remains at 18250 while Resistance is placed at the 18520-18580 zone. A successful close over 18600 will trigger a breakout in the index.
- Om Mehra, Equity Research Analyst, Choice Broking
Share Market Live Updates: Oil & gas stocks gain
As the government on Monday slashed the windfall tax on petroleum products to zero, shares of domestic oil producers rose up to 4 per cent during Tuesday’s session on the BSE. MRPL and Chennai Petro were up between 3-4 per cent. while ONCG and Oil India shares grew more than 1.5 and 2.5 per cent, respectively, today. Read More.
Share Market Today LIVE | Nifty 50, Sensex edge lower dragged by financial shares
HDFC Bank and HDFC shares go ex-dividend. Market wizard Anil Singhvi explains that as the two index heavyweights go ex-dividend, some pressure is visible in the index. Otherwise, the market is not really weak, he says.
Both Sensex and Nifty climb up as much as 0.2 per cent in the first few minutes of trade. The Sensex rises 146.8 points to touch 62,198.9 at the strongest level of the day so far and the Nifty 50 goes up to 18,366.7, up 32.2 points from its previous close.
Here's how their intraday charts are building up:
Nifty 50 LIVE
Sensex LIVE
Image: NSE, BSE
Read more on how the Indian share market looks in early trade
Share Market Today LIVE | Sensex up 128 pts at 62,474 in pre-opening session
In the pre-open market, the Sensex settles with a gain of 128.4 points or 0.2 per cent at 62,474.1.
Anil Singhvi Market Strategy | Nifty buy zone at 18,215-18,265, Nifty Bank base at 43,675-43,800
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark emerging at 18,285-18,315 levels and a strong buy zone at 18,215-18,265 levels today.
For the Nifty Bank, which is set to clock unprecedented levels for a second straight day, he sees support coming in at 43,675-43,800 levels and a strong buy zone at 43,475-43,575 levels.
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Here's how Anil Singhvi views the Indian share market and what he recommends
Q4 Results Tracker | Bharti Airtel, Indian Oil, LIC Housing Finance, Bank of Baroda to announce earnings today
A string of corporates will report their quarterly numbers today as India Inc remains in the last leg of the earnings season. Bharti Airtel, Indian Oil Corp, LIC Housing Finance, Bank of Baroda, Granules India, Oberoi Realty and Metropolis Healthcare are some of those companies.
Here's the full list:
- 20MICRONS
- ALICON
- ALSL
- AMBER
- ANERI
- APMIN
- ASHIMASYN
- AURIONPRO
- AUROLAB
- AUTOAXLES
- AVI
- BACPHAR
- BCCFUBA
- BHARTIARTL
- BTTL
- CCL
- CHEMPLASTS
- CREDITACC
- CSLFINANCE
- CTCL
- DANUBE
- DDEVPLASTIK
- DEVIT
- DUNCANENG
- EIHAHOTELS
- EXCELINDUS
- GGPL
- GOACARBON
- GRANULES
- GRAVISSHO
- HEUBACHIND
- HINDMILL
- HMVL
- ICSL
- INDIANHUME
- INDORAMA
- IOC
- ISTRNETWK
- JINDALSTEL
- JKPAPER
- JUBLINGREA
- KAJARIACER
- KAYNES
- KEYCORP
- KJMCCORP
- LADIAMO
- LICHSGFIN
- MADHUCON
- MADHUDIN
- MANCREDIT
- MAXHEALTH
- MEGASTAR
- METROPOLIS
- MOREPENLAB
- MPSLTD
- MUKANDLTD
- NAVNETEDUL
- NEWMKTADV
- NIKHILAD
- OBEROIRLTY
- PARAS
- PASARI
- PHOENIXTN
- PRAKASH
- PREMEXPLQ
- REDINGTON
- SAFARIND
- SEIL
- SHAWGELTIN
- SHIVACEM
- SHREEPUSHK
- SHREMETAL
- SICLTD
- SIMPLXREA
- SIPTL
- SIRCA
- SIYSIL
- SKIFL
- SKYIND
- SPAL
- SREINFRA
- STL
- SUNSHIEL
- SUPREMEX
- TALBROAUTO
- TI
- TRITURBINE
- TVTODAY
- VIPPYSP
- VISHAL
- VMART
- ZSANMCOM
- ZWELCAST
Global Market Update | Dow Jones rose 48 pts on Monday, S&P 500 rose 12 pts
Overnight on Wall Street, the three main US equity indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — ended with modest gains after manufacturing data raised concerns about a slowing US economy that could help bring down inflation amid ongoing debt ceiling negotiations.
- Dow Jones: up 48 points or 0.1 per cent at 33,348.6
- S&P 500: up 12.2 points or 0.3 per cent at 4,136.3
- Nasdaq Composite: up 80.5 points or 0.7 per cent at 12,365.2
Catch nine other key things to know before the Indian share market opens today
Share Market Today LIVE | SGX Nifty futures indicate a positive start on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — are up 54.5 points or 0.3 per cent at 18,458 at this hour, having gained as much as 67.5 points to 18,471 earlier in the day.