Share Market HIGHLIGHTS: Sensex soars 2,076 pts in four days, Nifty reclaims 17,550; HDFC twins top movers
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex extended gains to a fourth straight on Wednesday, April 5, as Dalal Street returned to trade after a day's holiday on account of Mahavir Jayanti. The extended rally was driven by broad-based gains, with financial, FMCG and IT shares being the top contributors. Globally, equities saw largely negative moves amid nervousness among investors, triggered by signs of a slowing labour market and weaker manufacturing activity in the world's largest economy.
Investors the world over also remained cautious about the next batch of vulnerable businesses in the global banking system, after the sudden failure of Silicon Valley Bank (SVB) and Signature Bank rocked banking shares last month.
Back home, investors awaited a key decision on benchmark interest rates by RBI Governor Shaktikanta Das-led Monetary Policy Committee, due at 10 am Thursday. Will the RBI announce another repo rate hike? Catch latest updates on the MPC's first policy review of the new financial year
Larsen & Toubro (LT), HDFC, HDFC Bank (HDFCBANK), ITC, Hindustan Unilever (HINDUNILVR), Grasim, Sun Pharma (SUNPHARMA), Tata consumer (TATACONSUM) and Titan rose the most among the 37 gainers in the Nifty50 basket. On the other hand, Eicher Motors (EICHERMOT), Mahindra & Mahindra (M&M), IndusInd Bank (INDUSINDBK), NTPC, Adani Enterprises (ADANIENT), Apollo Hospitals (APOLLOHOSP) and SBI (SBIN) were the worst hit among the blue-chip laggards.
HDFC Bank, HDFC, Larsen & Toubro, ITC and Infosys were the biggest boosts for both Nifty 50 and Sensex.
Among broader indices, the Nifty Midcap 100 finished flat and the Nifty Smallcap 100 rose 0.7 per cent. Overall market breadth favoured the bulls, as 2,556 stocks rose and 992 fell at the close on BSE.
Meanwhile, domestic gold prices hovered near record highs scaled in the evening session the previous day. Read more on gold crossing Rs 61,000 mark for the first time and what analysts recommend on the yellow metal
Catch HIGHLIGHTS of all the action in the Indian share market on April 5, 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 extended gains to a fourth straight on Wednesday, April 5, as Dalal Street returned to trade after a day's holiday on account of Mahavir Jayanti. The extended rally was driven by broad-based gains, with financial, FMCG and IT shares being the top contributors. Globally, equities saw largely negative moves amid nervousness among investors, triggered by signs of a slowing labour market and weaker manufacturing activity in the world's largest economy.
Investors the world over also remained cautious about the next batch of vulnerable businesses in the global banking system, after the sudden failure of Silicon Valley Bank (SVB) and Signature Bank rocked banking shares last month.
Back home, investors awaited a key decision on benchmark interest rates by RBI Governor Shaktikanta Das-led Monetary Policy Committee, due at 10 am Thursday. Will the RBI announce another repo rate hike? Catch latest updates on the MPC's first policy review of the new financial year
Larsen & Toubro (LT), HDFC, HDFC Bank (HDFCBANK), ITC, Hindustan Unilever (HINDUNILVR), Grasim, Sun Pharma (SUNPHARMA), Tata consumer (TATACONSUM) and Titan rose the most among the 37 gainers in the Nifty50 basket. On the other hand, Eicher Motors (EICHERMOT), Mahindra & Mahindra (M&M), IndusInd Bank (INDUSINDBK), NTPC, Adani Enterprises (ADANIENT), Apollo Hospitals (APOLLOHOSP) and SBI (SBIN) were the worst hit among the blue-chip laggards.
HDFC Bank, HDFC, Larsen & Toubro, ITC and Infosys were the biggest boosts for both Nifty 50 and Sensex.
Among broader indices, the Nifty Midcap 100 finished flat and the Nifty Smallcap 100 rose 0.7 per cent. Overall market breadth favoured the bulls, as 2,556 stocks rose and 992 fell at the close on BSE.
Meanwhile, domestic gold prices hovered near record highs scaled in the evening session the previous day. Read more on gold crossing Rs 61,000 mark for the first time and what analysts recommend on the yellow metal
Catch HIGHLIGHTS of all the action in the Indian share market on April 5, 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
Global Market Update | Dow Jones, Nasdaq Composite, S&P 500 futures suggest a muted start ahead in US stock market
Here's where the futures contracts of the three main Wall Street gauges — the Dow Jones, the S&P 500 and the Nasdaq Composite — stand at this hour:
- Dow Jones: down 15 points at 33,562
- S&P 500: down 2.8 points at 4,126.3
- Nasdaq Composite: up 1.3 point at 13,220.3
The US stock market is all set to open at 7 pm India time today.
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Global Market LIVE | European shares fall after data signals slower economic recovery in region
European shares continue to struggle below the flatline, as investors remain cautious about data signalling a slower-than-expected pickup in economic recovery in the euro zone. The pan-European Stoxx 600 index is down 0.3 per cent.
- UK's FTSE 100: up 24.5 points or 0.3 per cent at 7,659
- France's CAC: down 20.6 points or 0.3 per cent at 7,324.4
- Germany's DAX: down 88.2 points or 0.6 per cent at 15,515.2
Share Market Update | Sensex takes rally to 2,076 pts in four days, Nifty reclaims 17,550 led by financial, FMCG, IT stocks; HDFC twins, ITC, L&T top movers
The Nifty 50 adds 159 points or 0.9 per cent to end at 17,557.1, having risen to as high as 17,570.6 in intraday trade. The Sensex finishes the day with a gain of 582.9 points or one per cent at
59,689.3, taking its rally to 2,075.6 points in four back-to-back sessions.
Here's how the headline indices moved through the day:
Nifty 50
Sensex
All eyes on RBI rate decision tomorrow; here's what rate-sensitive baskets look like
Financial stocks
| Stock | CMP | Change (%) |
| HDFC | 2,707.30 | 2.98 |
| HDFCBANK | 1,653.85 | 2.69 |
| BAJFINANCE | 5,763.25 | 0.84 |
| MUTHOOTFIN | 988.5 | 0.74 |
| ICICIBANK | 885.5 | 0.19 |
| CHOLAFIN | 778.75 | 0.02 |
| BAJAJFINSV | 1,278.50 | -0.35 |
| AXISBANK | 860.75 | -0.45 |
| SBIN | 523.6 | -0.6 |
| SBICARD | 739.1 | -1.09 |
Global Market LIVE | European shares begin the day largely in the red
European markets start the day weaker, with the pan-continental Stoxx 600 index trading 1.1 point or 0.2 per cent lower at 456.3. Here's where the three main gauges in the region stand at this hour:
- UK's FTSE 100: up 18.8 points or 0.3 per cent at 7,653.3
- France's CAC: down 12.2 points or 0.2 per cent at 7,332.7
- Germany's DAX: down 32.4 points or 0.2 per cent at 15,571.1
Share Market Today LIVE | Paytm shares hold on firmly to the green after Q4 update points to robust payments, loan businesses
Paytm parent One97 Communications' shares maintain a gain of one per cent. According to a business update by Paytm, the digital payments company hit a new milestone in offline payments with the deployment of 6.8 million devices in the quarter ended March 2023. The customer engagement on its Paytm Super App average a record 90 million transacting users a mongh, marking year-on-year growth of 27 per cent.
Here's how the Paytm stock has moved so far today:
Image: BSE
Nifty LIVE | Larsen & Toubro, HDFC Bank, HDFC rise most among 35 gainers in 50-scrip basket
Top Nifty 50 gainers
| Stock | CMP | Change (%) |
| LT | 2,243.6 | 3.4 |
| HDFCBANK | 1,649.8 | 2.4 |
| HDFC | 2,691.0 | 2.4 |
| TCS | 3,257.0 | 1.8 |
| ITC | 385.6 | 1.8 |
Top Nifty 50 laggards
| Stock | CMP | Change (%) |
| EICHERMOT | 2,926.1 | -2.6 |
| ADANIENT | 1,689.0 | -1.7 |
| APOLLOHOSP | 4,190.0 | -1.1 |
| INDUSINDBK | 1,067.5 | -1.0 |
| NTPC | 176.0 | -1.0 |
Share Market Tips LIVE | Buy Coal India (COALINDIA) shares, says Kunal Shah
Kunal Shah of Nirmal Bang shares one recommendation with Zee Business viewers. He recommends going long on Coal India for targets of Rs 235 and Rs 240 with a stop loss at Rs 210.
Nifty LIVE | HDFC twins, L&T, ITC, TCS, Infosys top boosts for headline index
Buzzing Stocks | Nykaa shares zoom nearly 10%
Q4 Update Impact | Bajaj Finance shares hold on to the green after NBFC clocks 20% growth in new loans in Jan-Mar 2023
Bajaj Finance shares gain by Rs 233 or 4.1 per cent to Rs 5,946 apiece at the strongest level of the day.
Some of the top brokerages have mixed views on the company. Here's what they make of the NBFC after its Q4 update:
| Brokerage | Rating | Target price | Upside/downside (%) |
| Morgan Stanley | Overweight | Rs 8,000 | +40 |
| Jefferies | Buy | Rs 7,280 | +27.4 |
| Citi | Neutral | Rs 6,400 | +12 |
| Macquarie | Underperform | Rs 5,200 | -9 |
Bajaj Finance's loan growth is better than Morgan Stanley's estimates.
According to Citi, the NBFC's core AUM growth is on expected lines.
Gold Rate Today | Yellow metal futures come within inches of Tuesday's all-time high
MCX gold futures (June 5) gain by as much as Rs 129 or 0.2 per cent to Rs 61,137, almost revisiting an all-time high of Rs 61,145, touched in the evening session on Tuesday. The bourse remained shut for the morning session on Tuesday on account of the Mahavir Jayanti holiday.
Image: MCX
Global Market Update | Dow Jones, S&P 500, Nasdaq Composite futures flat
The futures contracts of the three main US stock market indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — are flat at this hour:
- Dow Jones: up eight points at 33,585
- S&P 500: up 0.3 point at 4,129.3
- Nasdaq Composite: down 4.3 points at 13,214.8
Share Market Tips LIVE | Buy Bajaj Finance futures, Varun Beverages, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers shares two recommendations with Zee Business viewers:
- Buy Varun Beverages for a target price of Rs 1,510 with a stop loss at Rs 1,420
- Buy Bajaj Finance futures for a target of Rs 5,980 with a stop loss at Rs 5,810