Share Market HIGHLIGHTS: Nifty 50 firm above 17,800, Sensex takes rally to 2,817 pts in nine days; Infosys falls 3% ahead of Q4 results
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex staged a fag-end recovery amid volatile trade ahead of the weekly expiry of derivative (F&O) contracts on Thursday. Gains in financial shares were offset by losses in IT heavyweights such as TCS and Infosys, as the Indian share market headed into a long weekend on account of the Dr Baba Saheb Ambedkar Jayanti on April 14. Investors keenly awaited the Infosys Q4 results due later on Thursday, a day after Tata group IT major TCS kicked off the earnings season by reporting a muted set of quarterly numbers. minute-by-minute updates of all the action in the Indian share market on April 13, 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 made a dramatic fag-end recovery in a volatile session, as gains in financial shares were offset by losses in IT heavyweights such as TCS, a day after the Tata group blue-chip software exporter announced a muted set of Q4 results. Infosys shares fell three per cent for the day, as investors awaited the Bengaluru-based IT major's Q4 results due later in the day. Globally, equity markets saw mixed moves as though better-than-expected US inflation data allayed concerns about more of aggressive hikes in benchmark interest rates, minutes of the last FOMC review fuelled worries about a bank liquidity crisis in the world's largest economy.
EDITOR'S TAKE: Zee Business Managing Editor Anil Singhvi highlighted that TCS slightly fell short of analysts' estimates on the profit, revenue and margin front and its new orders came in slightly above expectations though "there was no silver lining in terms of new orders". He said those looking for guidance on the Indian IT sector will have to wait for the Infosys Q4 results. Read more on how Anil Singhvi views the Indian share market and what he recommends on TCS
Here's your quick guide to some of the top headlines in focus on Dalal Street on April 13:
- What to expect in Infosys Q4 results
- Key takeaways from TCS Q4 results
- Anil Singhvi market strategy
- How Street is reacting to TCS Q4 results
- Britannia goes ex-dividend
- Jindal Stainless Steel to consider special dividend on April 18
- AU SFB shares surge, brokerages see more upside
- Hunter beer maker's stock rights issue ex-date today
- Rupee inches higher vs US dollar
- Gold rate goes up again
Catch minute-by-minute updates of all the action in the Indian share market on April 13, 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:
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Share Market Today | Infosys, Tech Mahindra, HCL Tech, TCS among top Sensex losers; all eyes on Infy Q4 results today
IndusInd, PowerGrid, Axis Bank and Bajaj Finserv rise the most among the 17 gainers in the 30-scrip basket.
Share Market Today | Nifty 50 firm above 17,800, Sensex takes rally to 2,817 pts in nine days as the bulls manage to stay in charge on Dalal Street
The Nifty finishes 15.6 points or 0.1 per cent higher for the day at 17,828, having gyrated in the 17,700-17,850 band during the session.The Sensex settles with a gain of 38.2 points or 0.1 per cent at 60,431, marking an intraday recovery of 349.6 points from its weakest level of the day. The 30-scrip index takes its rally to 2,817.3 points in nine back-to-back sessions.Here's how the headline indices moved through the day:Nifty50
Read more on the April 13 session | Catch Infosys Q4 results here
Infosys Q4 Results Today | Revenue likely to have grown nearly 2% to Rs 39,000 crore, profit may rise marginally
Infosys (INFY) — India's second largest software services exporter after Tata Consultancy Services (TCS) — is all set to declare its financial results for the quarter ended March 2023 later today, a day after TCS kicked off the corporate earnings season by reporting a muted set of numbers.
According to Zee Business research, Infosys is expected to report consolidated revenue of Rs 39,000 crore for the three-month period, which translates to sequential growth of 1.8 per cent.
Here's what else the analysts expect:
Metric Q4 2022-23 (estimated) Q3 2022-23 (actual) Revenue (in crore rupees) 39,000 38,318 Revenue (in million dollars) 4,738 4,659 EBIT (in crore rupees) 8,300 8,242 Margin 21.2% 21.5% PAT (in crore rupees) 6,600 6,586 Read more on what to expect from Infosys Q4 results
Share Market Today LIVE | Most auto stocks hold on to the green after industry body SIAM says 2022-23 PV sales up 25.5%, two-wheeler sales up 17%
Stock/index CMP/level Change (%) NIFTY AUTO 12,918.6 0.4 EICHERMOT 3,223.7 3.1 SONACOMS 440.3 1.9 TVSMOTOR 1,153 1.5 BALKRISIND 2,074.7 1.2 TATAMOTORS 469.5 0.88 MARUTI 8,693 0.8 ASHOKLEY 138.1 0.4 MRF 85,590 0.2 BAJAJ-AUTO 4,289.5 0.1 M&M 1,205.3 -0.2 BOSCHLTD 18,720 -0.2 BHARATFORG 764.8 -0.6 MOTHERSON 68.3 -0.8 HEROMOTOCO 2,446.7 -1.2 TIINDIA 2,598.2 -1.4 Here are some highlights of the monthly update by SIAM for March 2023:
- PV sales at 2.92 lakh units
- UV sales at 1.57 units
- CV sales at 9.62 lakh units
- Motorcycle sales at 8.16 lakh units
- Domestic two-wheeler sales at 12.9 lakh units
- Domestic car sales at 1.22 lakh units
Share Market Today LIVE | RVNL shares gain after company wins Rs 63-crore order from North Western Railway
Rail Vikas Nigam Ltd (RVNL) shares rise by Rs 2.1 or 2.9 per cent to Rs 74.9 apiece at the strongest level of the day on BSE, a day after the company wins a letter of award (LOA) to the tune of Rs 63 crore from the North Western Railway.
Image: BSE
Infosys Q4 Results Today | Are investors nervous about another muted show after TCS earnings? Infy shares succumb to selling pressure
Infosys (INFY) shares weaken by as much as Rs 44.7 or 3.1 per cent to Rs 1,383.8 apiece on BSE. Infosys, India's second largest IT firm after TCS, is slated to announce its financial results later in the day.
Read more on Infosys shares, what to expect in its Q4 results
Britannia Dividend | Tiger biscuit maker goes ex-dividend
FMCG major Britannia — whose popular biscuit brands include Tiger — goes ex-dividend.
Hunter beer maker Som Distilleries and Breweries' rights issue ex-date today
Som Distilleries and Breweries shares go ex-date for a right issue. Som Distilleries has announced issuance of 10:211 rights at Rs 140 per share for up to Rs 48.9 crore to its existing equity shareholders.
Read more on Hunterbeer maker Som Distilleries' shares
INR vs USD Rate | Rupee edges higher to 81.93 vs US dollar
The rupee gains by 18 paise to touch the 81.93 level against the US dollar, having begun the day at 81.99 against the greenback. It settled at 82.11 against the American currency on Wednesday.
The dollar index — which gauges the greenback against six peers other than the rupee — is marginally down at 101.21.
Nifty LIVE | Reliance, ITC, Apollo Hospitals, HDFC, Eicher top movers
Here's a look at the heatmap (by weight):
Image: Niftyindices.com Nifty LIVE | Apollo Hospitals, Eicher Motors, Britannia rise most among 22 gainers in 50-scrip blue-chip basket
Top Nifty gainers
Stock CMP Change (%) Apollo Hospitals (APOLLOHOSP) 4,446 2.9 Eicher Motors (EICHERMOT) 3,206.1 2.5 BRITANNIA 4,270.5 1.7 HDFC Life (HDFCLIFE) 525.3 1.6 Bajaj Finserv (BAJAJFINSV) 1,334.3 1 Top Nifty losers
Stock CMP Change (%) Tech Mahindra (TECHM) 1,082.1 -2.5 Infosys (INFY) 1,393.3 -2.5 HCL Tech (HCLTECH) 1,069.1 -2.3 Bharat Petroleum (BPCL) 331.2 -1.8 Tata Consultancy Services (TCS) 3,192.8 -1.5 TCS Share Price LIVE | Tata group IT major's stock struggles 2% below flatline
Tata Consultancy Services (TCS) shares decline by Rs 61 or 1.9 per cent to Rs 3,181.1 apiece on BSE at the weakest level of the day so far, a day after the Tata group IT giant reports a slightly worse-than-estimated set of Q4 results.
What Anil Singhvi recommends on TCS shares after Tata group giant's Q4 results | From dividend to attrition, five key takeaways from Tata Consultancy Services Q4 earnings
Share Market Today LIVE | Nifty, Sensex pare day's losses after initial weakness; ICICI Bank, HDFC Bank, RIL aid intraday recovery
Both headline indices are back near the flatline after dropping about one third of a per cent within the first few minutes of trade following a flat start. The Nifty 50 fell as much as 44.5 points to 17,768 and the Sensex slipped to as low as 60,228.1, down 164.7 points from its previous close.
Here's how their intraday charts are building up:
Nifty 50 LIVE
Read more on how the Indian share market fared in early deals on April 13
Share Market Today LIVE | Nifty 50, Sensex open inches below the flatline
The Nifty begins the day largely unchanged at 17,807.3, down 5.1 points from its previous close, and the Sensex with a cut of 28.4 points at 60,364.4.
Anil Singhvi Market Strategy | Strong Nifty buy zone at 17,500-17,550, Nifty Bank at 40,725-40,850
Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,700-17,750 levels, a day after Tata Consultancy Services (TCS) kicks off the corporate earnings season. For the Nifty Bank, he sees support emerging at 41,275-41,375 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | SGX Nifty futures point to a muted start ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — are down 22 points or 0.1 per cent at 17,857.5, suggesting a sluggish start ahead in the Indian share market.Good morning! Welcome to Zeebiz.com's blog on the stock market today
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