Share Market HIGHLIGHTS: Nifty 1 point shy of 18,600, Sensex settles 345 pts higher

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Share Market HIGHLIGHTS | Nifty 1 point shy of 18,600, Sensex settles 345 pts higher 

Nifty 50 

NSE's Nifty ended at 18,599, up 99 points, or 0.50 per cent.

Source: NSE

Sensex

Monday. At close, the S&P BSE Sensex stood at 62,846.38, up 345 points, or 0.55 per cent. 

Source: BSE

Share Market Today HIGHLIGHTS | M&M, Titan, Coal India among top gainers in Nifty basket

M&M, Titan, Coal India and Tata Steel are among the top gainers in the Nifty basket, trading with gains of around 3-1 per cent. On the other hand, ONGC, Divi's Lab, Power Grid and HCL Tech are among the top losers, down around 3-1 per cent.

Source: NSE

ICICI Lombard, Mahindra Lifespace, Engineers India rise most among some 300 gainers in BSE 500 basket

Here's a look at some of the top moves in the broadest index on the bourse: 

Image: BSE 

Share Market Tips LIVE | Market expert Vikas Sethi shares his short, positional, long term picks

Vikas Sethi of Sethi Finmart in a conversation with Zee Business Managing Editor Anil Singhvi shares his short, positional and long-term picks.

#SPLMidcapStocks

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Short Term- Control Print Limited

Positional Term- JK paper

Long Term- APL Apollo #StocksToBuy #StockMarketindia @AnilSinghvi_ @vikassethi_SF pic.twitter.com/2mnlLSS0b8

— Zee Business (@ZeeBusiness) May 29, 2023

EXCLUSIVE | IT stocks' valuations not cheap, could turn out to be laggards in 18-24 months: Gaurav Dua, Sharekhan

The mid-cap and small-cap indices are still 10-15 per cent away from their all-time high levels and hence offer a lot of bottom-up stock-picking opportunities, says Gaurav Dua, Head – Capital Market Strategy, Sharekhan by BNP Paribas, in an exclusive interaction with Zee Business' Swati Verma. However, Dua advises, it would be wise to focus on quality rather than chase momentum or speculative stocks. Read more 

Nifty Today LIVE | HDFC twins, ITC, RIL, M&M among top movers

HDFC twins, ITC, RIL and M&M are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, Infosys, TCS, Maruti Suzuki India and HCL Tech are among the top draggers.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | City Union Bank shares tank over 9% post-Q4 results; should you buy?

Shares of City Union Bank slips over 9 per cent on NSE after the private sector lender reported a weak set of numbers for the March 2023 (Q4FY23) quarter. City Union Bank stock declines 9.35 per cent on NSE to Rs 126.5 apiece. The stock's 52-week low level stands at Rs 120.35 apiece. Read more 

Share Market Today LIVE | Debt ceiling resolution and its impact on Indian markets

MarketsMojo's Chief Investment Officer Sunil Damania shares his view on debt ceiling resolution on Zee Business. He said that the world market was watching the US debt ceiling negotiation with eagle eyes, as not reaching a consensus could have unprecedented consequences for the world economy. 

"Fortunately, common sense prevailed, as it did in 2011, and a compromise formula has been negotiated in which the debt ceiling limit has been suspended for 2 years, he added. 

This is a huge relief for global equity and debt markets. The compromise formula will lift sentiments temporarily for investors across the world, but the market will eventually return to the fundamentals of inflation, interest rates, and other macro factors, he further said.

Share Market Today LIVE | ITC scales fresh record high amid firm market; stock rallies over 6% in 5 sessions

Shares of cigarette-to-hotels conglomerate ITC hit a fresh record high of Rs 451.75 apiece on the BSE on  May 29, Monday amid a firm market. The stock trades at Rs 449.60, up 1.33 per cent.

M&M top gainer on NSE, shares rise 5%; should you buy, sell or hold?

Shares of Mahindra & Mahindra (M&M) trade at Rs 1,328, up 3.6 or 46.15 at 11:35 AM on NSE. M&M shares rose as much as 5 per cent, emerging as the top gainer in the Nifty basket after the automobile major posted a good set of numbers for the March 2023 quarter (Q4FY23). The counter shares opened at Rs1,321.5 against Friday's close of Rs 1,281.85. The stock touched a high of Rs 1,350 so far in the trade on NSE. Read more 

Share Market Today LIVE | Saurabh Mukherjea positive on specialty chem, pharma stocks 

Founder & Chief Investment Officer of Marcellus Investment Managers — Saurabh Mukherjea recommends buying on quality financials. He is positive on specialty chemical and pharma stocks. 

He recommends buying Divi's Labs shares. He said Divi's is set to get strong business from top global pharma companies. Besides, he is positive on Alkyl Amines Chemicals, GMM Pfaudler.

Share Market Today LIVE | Saurabh Mukherjea on Indian economic growth and more 

In conversation with Zee Business Managing Editor Anil Singhvi, Founder & Chief Investment Officer of Marcellus Investment Managers — Saurabh Mukherjea says that economic growth has been smooth, the kind not seen in India in about 15 years despite aggressive hikes in interest rates. He says that the economy is in good shape and this is a good sign for Foreign institutional investors (FIIs).

"We have suggested institutions in the US to invest in India to benefit from India's progress," he said. 

Here are other key highlights: 

• Banks have strong balance sheets despite rate hikes; investors must have good-quality banks + NBFCs in their portfolios.(Disclaimer: Marcellus as well as its clients have invested in these stocks)
• FIIs have investments to the tune of $3.5 trillion in China vs $0.6 trillion in India
• India has 1/6th of FII investments in China. India has given double the return to FIIs than China in the past 10 years. He added that FII fund flow to India may double in India in 3-4 years and that may boost the Indian market
• The US outlook is positive whereas concerns remain about China's economy. Germany is in recession. US recovery and strong economic growth in India will continue to support the global economy

Share Market Today LIVE | 3rd capex cycle in India going to start, says Saurabh Mukherjea

In conversation with Zee Business Managing Editor Anil Singhvi, Founder & Chief Investment Officer of Marcellus Investment Managers — Saurabh Mukherjea says that the capex cycle is playing out well once rates go down in the next 1.5-2 years. 

"India might have its third major capex cycle," he said. Marcellus's clients might benefit from the capex cycle through Axis Bank and ICICI Bank, he added.

Share Market Today LIVE | SBI Life, Tech Mahindra, Sun Pharma, Blue Star among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Kunal Saraogi, Sandeep Jain, Sumeet Bagadia and Sandeep Wagle share their top recommendations for the day in this special segment, Pick of the Day. Read more