Share Market HIGHLIGHTS: Sensex ends 372 pts lower, Nifty gives up 18,200; Bharti Airtel bucks trend
Share Market Today LIVE: Indian equity benchmarks Nifty50 and Sensex started Wednesdays session on a weak note amid largely negative global cues. Catch minute-by-minute updates of all the action in the Indian share market, 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: Indian equity benchmarks Nifty50 and Sensex opened with minor losses on Wednesday, amid largely negative moves across global markets. The information and Technology and Metal stocks dragged the market most as Infosys, Tech Mahindra, and JSW Steel were among the top blue-chip laggards minutes after the market open.
Technically, the charts indicate that the Nifty may get support at 18,220, followed by 18,175 and 18,150. If the index advances, 18,350 would be the initial key resistance level to watch out for, followed by 18,400 and 18,450, Deven Mehata, Equity Research Analyst, Choice Broking said in its comment.
Catch minute-by-minute updates of all the action in the Indian share market on May 17, 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 LIVE Updates: Jubilant FoodWorks stock jumps despite 70% fall in Q4 profit
Shares of Jubilant FoodWorks, which operates renowned QSR brands such as Domino’s Pizza, Dunkin Donuts, and others, jumped more than 3 per cent to Rs 481 per share on the BSE intraday despite the company registering a 70 per cent percentage fall in its profit during March quarter earnings today.
The company’s net profit came in at Rs 28.5 crore for the three-month period, as against a net profit of Rs 96 crore for the corresponding period a year ago, according to a regulatory filing. Read More
Share Market LIVE Updates: LIC stock completes one-year journey
Life Insurance Corporation of India (LIC) – a public sector insurance behemoth – completed one year of stock market journey on Wednesday, May 17, 2023.
LIC shares were listed on both the exchanges – NSE and BSE – on this day last year at an 8 per cent discount of Rs 867 from the issue price of Rs 949.
LIC shares have tumbled more than 40 per cent when compared with its IPO price, while it has slumped by 35 per cent since listing. Read More
Image Source: Stockedge
Share Market Today LIVE | Domino’s pizza maker posts weak results; declares Rs 1.20 payout
Jubilant FoodWorks Limited, which operates brands such as Domino’s, Dunkin Donuts and Popeye’s – posts a weak set of Q4 numbers. Its net profit came in at Rs 28.5 crore for the three-month period, as against a net profit of Rs 96 crore for the corresponding period a year ago. The company reported consolidated revenue of Rs 1,270 crore. The company's margins have dropped to 19.6 per cent from 24.6 per cent. Click here to read more
Share Market Today LIVE | Chandan Taparia shares his short, positional, long-term picks
Market expert Chandan Taparia of MOFSL in a conversation with Zee Business Managing Editor Anil Singhvi shares his short, positional and long-term picks.
Share Market Today LIVE | Infosys, RIL, Kotak Bank top draggers
Infosys, RIL, and Kotak Bank emerge as the top draggers to drag the indices down whereas IndusInd Bank, M&M and Hero Motocorp continue to trade in green.
Source: NSE
Share Market Today LIVE | Kaynes Tech shares zoom after company clocks 128% jump in Q4 profit
Kaynes Tech shares scale a 52-week high of Rs 1,185 apiece on BSE, up by Rs 188 or 18.9 per cent on the day, after the end-to-end and IoT solutions-enabled integrated electronics manufacturer reports a strong set of quarterly numbers.
Kaynes Tech's revenue growth comes in at 50 per cent on a year-on-year basis to Rs 1,126.1 crore, according to a regulatory filing. The company's margin improves to 11.3 per cent for the three-month period from 8.3 per cent a year ago.
What Anil Singhvi makes of LIC Housing Finance Q4 results
LIC Housing Finance shares suffer sharp losses on Wednesday, a day after the housing financier reported its financial results for the quarter ended March 2023 and announced a dividend. LIC Housing Finance shares, trade on the bourses with the symbol LICHSGFIN, down by as much as Rs 25.60 or more than six per cent to Rs 369.50 apiece on BSE. Read more on LIC Housing Finance shares
Share Market Today LIVE | United Breweries, Ramkrishna Forgings, Exide Industries among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Sumeet Bagadia, Ramkrishna Forgings, Rakesh Bansala and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Day. Read more stocks to buy
Share Market Today LIVE | Should you buy, sell or hold BoB, IOC, Jindal Steel, and LIC Housing Finance shares?
On brokerages' radar are stocks such as Bharti Airtel, Bank of Baroda, Jindal Steel and Power, LIC Housing Finance, Indian Oil Corporation, and others. Click here to read more on brokerages' view on the BoB, IOC, Jindal Steel, and LIC Housing Finance shares
Share Market LIVE Updates: Jubilant FoodWorks shares fall ahead of Q4 earnings
Jubilant FoodWorks shares were under pressure ahead of its March quarter earnings today. The stock dipped more than a per cent to Rs 460 per share – near its day’s low level of Rs 458 apiece.
Domino’s pizza maker is expected to post a weak set of financial earnings for the last three months period of the financial year 2022-23. The profit is likely to decline by 35 per cent year-on-year and margins are also likely to be under pressure amid raw material inflation, according to Zee Business research. Read More
Share Market LIVE Updates: Adani stocks in focus
Adani Total Gas, Adani Transmission fall up to 5% as most Adani stocks under pressure; Supreme Court hearing in Adani-Hindenburg case today.
Adani Port, and Adani Green Energy shares were flat with a positive bias, while Adani Wilmar was flat in red.
The flagship company of Adani group - Adani Enterprises shares zoomed over 10 per cent intraday on the exchanges today.
Share Market LIVE Updates: Q4 Earnings Review
Zee Business panelist and market expert Varinder Bansal in a conversation with Anil Singhvi decodes the March quarter earnings that were announced on Tuesday by companies such as CCl Products, Amber Enterprises, Complast Sanmar, JSPL, Oberoi Realty, and other broader market firms.
Share Market LIVE Updates: What to do with Bharti Airtel shares
A day after Bharti Airtel reported a quarterly net profit that exceeded analysts' estimates, shares of the telecom major rose on Wednesday. The company had also announced a dividend of Rs 4 per share.
Goldman Sachs and Jefferies each have a buy rating on the stock, while Morgan Stanley maintains an ‘overweight’ stance and Credit Suisse retains an ‘outperform’ call on the Airtel shares.
The Bharti Airtel stock gained by as much as Rs 9.6 or 1.2 per cent to Rs 797.4 apiece on BSE in early deals. Read More
Brokerage Rating Price Target Morgan Stanley Overweight Rs 860 JP Morgan Underweight Rs 700 Jefferies Buy Rs 900 Goldman Sachs Buy Raised to Rs 875 from Rs 870 Credit Suisse Outperform Rs950 Share Market LIVE Updates: Nifty, Sensex Open In Red
Share Market LIVE Updates: Anil Singhvi Market Strategy (May 17)
Zee Business Managing Editor Anil Singhvi shares his strategy for the May 17 session.
The market guru expects support for the Nifty50 benchmark emerging at 18,200-18,265 levels on Wednesday and a strong buy zone at 18,065-18,150 levels.
For the Nifty Bank, he sees support coming in at 43,525-43,675 levels and a strong buy zone at 43,200-43,375 levels.
Share Market LIVE Updates: Stocks in focus today
Bharti Airtel, Bank of Baroda, LIC Housing Finance, Jubilant FoodWorks, Granules India and other stocks that are likely to be in focus in the Indian share market today. Read More
Share Market LIVE: Global Markets Update
US markets closed lower on Tuesday as Dow slips 336 points on weaker-than-expected US retail sales in April. Besides, Home Depot's results disappointed the American markets. It eyes on news related to the debt ceiling.
Share Market Today LIVE | SGX Nifty futures indicate a negative start on Dalal Street
Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty 50 index, are down 33.5 points or 0.2 per cent at 18,296 at this hour, having declined as much as 55 points to 18,274.5 earlier in the day.
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