Share Market HIGHLIGHTS: Sensex ends 347 pts lower, Nifty gives up 18,550 as D-Street halts 4-day winning run
Share Market Highlights: Indian benchmark indices Sensex and Nifty declined on Wednesday, May 31, 2023. BSE Sensex ended 0.55 per cent or 346.89 points lower at 62,622.24 and NSE's Nifty slipped over half a per cent or 99.45 points at 18,534.40.
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:
Share Market Highlights: Indian benchmark indices Sensex and Nifty declined on Wednesday, May 31, 2023. BSE Sensex ended 0.55 per cent or 346.89 points lower at 62,622.24 and NSE's Nifty slipped over half a per cent or 99.45 points at 18,534.40.
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
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market Highlights | Sensex ends 347 pts lower, Nifty gives up 18,550 as D-Street halts 4-day winning run
NSE's Nifty slipped over half a per cent or 99.45 points at 18,534.40.
Nifty 50
Source: NSE
Sensex
Sensex ended 0.55 per cent or 346.89 points lower at 62,622.24.
Source: BSE
Share Market Highlights | ONGC, NTPC, Axis Bank, RIL emerge as top losers; Tech Mahindra, Bharti Airtel rise most in 50-scrip blue-chip basket
ONGC, NTPC, Axis Bank, RIL and HDFC are among the top losers, down nearly 3-2 per cent. On the other hand, Tech Mahindra, Bharti Airtel, Kotak Bank and SBI Life are among the top gainers in the Nifty basket, trading with gains of around 1-2 per cent.
Source: NSE
Share Market Today LIVE | Vikas Sethi recommends Pitti Engineering, Datamatics
Vikas Sethi of Sethi Finmart on Zee Business recommends a buy on Pitti Engineering shares for a target of Rs 365 with a stop loss at Rs 335. Besides, he also recommended a buy in Datamatics shares for a target of Rs 480 with a stop loss at Rs 455.
सदाबहार सेठी साब...
जानिए विकास सेठी ने आज कैश मार्केट में Pitti Engineering Ltd और Datamatics को क्यों चुना आपके मुनाफे के लिए?@AnilSinghvi_ @vikassethi_SF #Anilsinghvi pic.twitter.com/I58H1LNCJM
— Zee Business (@ZeeBusiness) May 31, 2023
Share Market Today LIVE | Market breadth in favour of bears; over 160 stocks hit lower circuit
The equity market has come under heavy selling pressure The S&P BSE Sensex was trading at 62,521.88, down around 447.25 points, or 0.71 per cent. In today's trade, the market breadth was in favour of bears, as out of 3,562 companies traded on the BSE, 1,620 advanced and 1,821 declined, while 121 were unchanged, as per the BSE data. Read more
Share Market Today LIVE | Sona BLW Precision Forgings slips in trade amid large deal news; what should be your strategy?
Sona BLW Precision Forgings shares are under pressure on the exchanges on the back of news that one of the company’s promoters has decided to sell a 3.25 per cent equity stake at a 7 per cent discount to Tuesday’s closing price of Rs 533 per share.
An automotive systems and components manufacturing company – Sona BLW shares are down over 5 per cent or Rs 27.5, trading at Rs 505.6. Read more
Source: NSE
Share Market Today LIVE | Nifty Bank tumbles 600 pts; Axis Bank, AU Small Finance Bank decline over 2%
Nifty Bank index tanks over 600 points or 1.35 per cent, days after hitting fresh peaks. The index was trading 601.2 points lower at 43,835.15.
The index opened at 44,318 today and has hit a high and low of 44,339.05 and 43,840.35, respectively, so far in the trade. On Tuesday, the Nifty Bank index settled the session at 44,436.35 points. Read more
Share Market Today LIVE | RIL, HDFC twins, Axis Bank among top draggers
RIL, HDFC twins, Axis Bank, ITC and ICICI Bank are among the top draggers in the Nifty basket. On the other hand, Bharti Airtel, Sun Pharma, Asian Paints, Infosys and Tata Motors are among the top gainers.
Source: NSE
Indian Oil, ITC, Torrent Pharma, Aurobindo Pharma, IDFC, IDFC First among 21 stocks in BSE 500 universe to touch 52-week highs
| Stock | CMP | 52-week high |
| 3MINDIA | 25,154.8 | 25,339.8 |
| AIAENG | 3,037.4 | 3,047.2 |
| AUROPHARMA | 658.9 | 662.7 |
| COFORGE | 4,478.8 | 4,514 |
| EQUITASBNK | 85.9 | 90.1 |
| IDFC | 98.1 | 99.6 |
| IDFCFIRSTB | 70.9 | 71.9 |
| INDHOTEL | 383.7 | 392 |
| INDUSINDBK | 1,285 | 1,296.9 |
| IOC | 90.7 | 91.4 |
| ITC | 443.4 | 452 |
| KPITTECH | 1,053.2 | 1,068.6 |
| NH | 888.7 | 889 |
| PERSISTENT | 5,120.4 | 5,156.7 |
| PFC | 180.7 | 183.4 |
| POLYCAB | 3,510.8 | 3,515.9 |
| RAMCOCEM | 901.1 | 925.5 |
| RECLTD | 140.9 | 142.6 |
| SUNDRMFAST | 1,119 | 1,120 |
| TORNTPHARM | 1,773.9 | 1,851.2 |
| TRENT | 1,576.6 | 1,595 |
Share Market LIVE Updates: Tega Industries share hit 10% upper circuit
Tega Industries shares were locked in a 10 per cent upper circuit and touched a new record high of Rs 899.85 per share on the BSE during Wednesday’s trading session. The buying interest in the stock can be attributed to strong January-March quarter earnings for the financial year gone by.
The Kolkata-based engineering solutions provider company’s shares gained over 46 per cent since listing. Tega Industries shares made a stellar market debut at 66 per cent premium at Rs 760 per share from the IPO issue price of Rs 453 at the upper end in December 2021. READ MORE
India Gate basmati rice producer KRBL's shares plunge
The stock tumbles by as much as Rs 40.9 or 10.1 per cent to Rs 362.9 apiece on BSE.
)
Sensex LIVE | RIL, HDFC twins, Axis Bank, ITC top drags
On the other hand, gains in stocks such as Bharti Airtel, Infosys and Asian Paints helped the 30-scrip index avoid deeper cuts.
Image: BSE
Share Market Today LIVE | Torrent Pharma clocks 52-week high after drug maker's Q4 results, dividend announcement
Torrent Pharma are up over 3 per cent or Rs 59.7 at Rs 1,773.25 on NSE. Torrent Pharma shares surged to scale a 52-week high on Wednesday, continuing to rise for the fifth session in a row, a day after the drug maker reported a quarterly net profit as against a net loss for the corresponding period a year ago. The Gujarat-based pharma company's results were largely in line with analysts' estimates. Read more
Share Market LIVE Updates: ITC stock hits life high
Shares of ITC Limited – a cigarette-to-hotels conglomerate – touched a fresh all-time high of Rs 452 per share on Wednesday, May 30, 2023, after surging by 0.5 per cent on the BSE.
The stock has breached its earlier record high level of Rs 451.8 apiece hit on May 29, 2023, on the exchanges. In 2023 so far, ITC share price has jumped nearly 35 per cent amid a firm market. Read More
Share Market Today LIVE | ITC share price hits new record high; stock up 35% in 2023 so far; what should investors do?
Shares of ITC Limited – a cigarette-to-hotels conglomerate – touches a fresh all-time high of Rs 452 per share on Wednesday, May 30, 2023, after the shares surged by 0.5 per cent on the BSE. The stock has breached its earlier record high level of Rs 451.8 apiece hit on May 29, 2023, on the exchanges. In 2023 so far, ITC share price has jumped nearly 35 per cent amid a firm market. Read more