Stock Market HIGHLIGHTS: Sensex ends 243 pts higher, Nifty reclaims 18,000; Adani Power, Trans continue to bleed
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended gains to a second straight session on Wednesday, shrugging off weakness across a majority of global markets after a key US inflation reading came in worse than economists estimates.
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended gains to a second straight session on Wednesday, shrugging off weakness across a majority of global markets after a key US inflation reading came in worse than economists' estimates. Gains in IT, financial, oil & gas and auto shares pushed the headline indices higher, though losses in FMCG shares played spoilsport.
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Stock Market Update | Sensex ends 243 pts higher, Nifty50 reclaims 18,000
The 30-scrip index finishes the day with a gain of 242.8 points or 0.4 per cent at 61,275.1 and the Nifty50 settles at 18,015.9, up 86 points or 0.5 per cent from its previous close.
Here's how the headline indices moved through the day:
Sensex
Stock Market Tips LIVE | Jay Thakkar suggests buying 18,000 Nifty50 call option at Rs 43
Jay Thakkar of Sharekhan suggests a 'buy' on the 18,000 call option of the headline index at Rs 43 for a target of Rs 85-100.
WATCH HERE
Stock Market Tips LIVE | Sumeet Bagadia recommends buying Tata Consumer shares
Sumeet Bagadia of Choice Broking suggests buying Tata Consumer Products shares for targets of Rs 745 and Rs 750 with a stop loss at Rs 715.
SBI hikes FD interest rates
State Bank of India — the country's largest lender by assets — raises its retail term deposit rates by 5-25 basis points and bulk term deposit rates by 25-75 basis points.
Stock Market Tips LIVE | Himanshu Gupta recommends buying Birlasoft shares
Himanshu Gupta of Globe Capital Markets shares a trading call with Zee Business viewers. He suggests buying Birlasoft shares for targets of Rs 305 and Rs 315 expected in the next two days with a stop loss at Rs 289.
Royal Enfield Hunter maker's stock rebounds as investors digest parent Eicher's tepid Q3 results
Stock Market Tips LIVE | Buy IndusInd Bank Rs 1,140 put option, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers has a 'buy' call on the Rs 1,140 put option of IndusInd Bank at Rs 15 for a target of Rs 26 with a stop loss at Rs 8.
He also suggests the 17,900 put option of Nifty50 at Rs 40 for targets to the tune of 80-100 with a stop loss at Rs 15.
Stock Market Tips LIVE | Swati Hotkar recommends buying APL Apollo Tubes, TVS Motor shares
Swati Hotkar of Nirmal Bang Securities shares two stock picks with Zee Business viewers:
- Buy APL Apollo Tubes shares for a target of Rs 1,300 with a stop loss at Rs 1,200
- Buy TVS Motor for a target of Rs 1,160 with a stop loss at Rs 1,080
Stock Market LIVE Update | Vodafone Idea shares flat after Q3 results
The telecom stock is changing hands at Rs 7.7 apiece on BSE.
Aviation stocks a mixed bag as Air India seals mega deal
Stock Change (%) CMP Interglobe Aviation (IndiGo) -0.2 2,034.3 SpiceJet -3.2 32.3 Jet Airways 0.5 68.3 The deal, estimated at more than $70 billion, includes 250 Airbus aircraft and 220 Boeing aircraft. With this deal, Air India's capacity is set to increase by 50 per cent by the end of the year ending March 2024.
ITC, Hindustan Unilever, Britannia, Nestle weigh on entire FMCG basket
Stock Market LIVE Update | Sensex tests 61,000, Nifty50 back above 17,900 as market recovers most of day's losses
The Sensex is left with a cut of 27.1 points at 61,005.1, as the market recovers much of the day's losses.
The Nifty50 is at 17,918.5, down 11.4 points or 0.1 per cent from its previous close.Stock Market LIVE Update | ITC shares trade ex-dividend
The stock of a cigarettes-to-hotels conglomerate delcine by as much as Rs 7.9 or two per cent to Rs 378.7 apiece on BSE, trading ex-dividend.
Crude oil adds to Tuesday's fall of over $1 amid soaring US stockpiles
Crude oil rates slip in early Asian trade, after falling by more than $1 a barrel in the previous session, as industry data points to a bigger-than-expected surge in US crude inventories. Brent futures decline by 20 cents at $85.4 a barrel and US WTI futures are down by 19 cents at $78.9 a barrel.
The OPEC grouping of top oil producers has raised its 2023 forecast for global demand growth in its first upward revision for months, citing China's relaxation of pandemic-related restrictions and slightly stronger prospects for the world economy. OPEC expects global oil demand to rise by 2.32 million barrels per day (bpd) this year, which is 1,00,000 bpd higher than last month's forecast.
For the past two months, OPEC has kept its 2023 demand growth forecast steady after a series of downgrades.
Stock Market LIVE Update | Sensex drops over 200 pts, Nifty50 slips to 17,865
Both headline indices decline as much as 0.4 per cent in early deals amid weak global cues. The Sensex loses 232.7 points to hit 60,796.5 on the downside at the weakest level fo the day so far, and the Nifty50 slides to as low as 17,865.4, down 64.5 points from its previous close.Here's how the gauges' intraday charts are building up 20 minutes into the opening bell:SensexNifty50Stock Market LIVE Update | Sensex down 42 pts, Nifty50 below 17,900
The Sensex finishes the pre-opening session with a cut of 42.2 points or 0.1 per cent at 60,990.1 and the Nifty50 settles at 17,896.6, down 33.3 points or 0.2 per cent from its previous close
Traders' Diary | ITC, Apollo Hospitals, Mahindra CIE, Hero, IndiGo, 15 other stocks in focus today
- Ashish Chaturvedi suggests buying the Rs 1,160 put option of Godrej Properties for a target of Rs 38 with a stop loss at Rs 15
- Kushal Gupta recommends a 'buy' on ITC shares for a target of Rs 460 with a view of 12 months
Anil Singhvi Strategy | Support for Nifty50 at 17,800-17,875
Zee Business Managing Editor Anil Singhvi expects a strong buy zone for the Nifty50 benchmark in the 17,725-17,775 band. For the Nifty Bank, he sees support coming in at 41,375-41,550 levels, and a strong buy zone in the 41,100-41,250 area.
Read more on how Anil Singhvi views the market today and what he recommends
Stock Market LIVE Today | Asian shares under pressure following a mixed handover from Wall Street after hotter-than-expected US inflation data
Equities in major markets across Asia are in the red, tracking a negative session on Wall Street, after a worse-than-expected US inflation reading. MSCI's broadest index of Asia Pacific shares outside Japan is down 1.5 per cent.
Here's how some of the major indices in the region are faring at this hour:
- Japan's Nikkei 225: down 0.4 per cent
- China's Shanghai Composite: down 0.4 per cent
- Hong Kong's Hang Seng: down 1.6 per cent
- South Korea's KOSPI: down 1.1 per cent
- Singapore's Straits Times: down 1.1 per cent
Stock Market LIVE Update | SGX Nifty futures indicate a weak start ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are down 67 points or 0.4 per cent at 17,860.5 at this hour, suggesting a weak start ahead on Dalal Street. Earlier in the day, SGX Nifty futures declined as much as 69 points today.
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