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

Updated on: May 29, 2023, 03.49 PM IST

Share Market HIGHLIGHTS: The benchmark indices came off the days high but still ended with decent gains on May 29, Monday. At close, the S&P BSE Sensex stood at 62,846.38, up 345 points, or 0.55 per cent while the NSEs Nifty ended at 18,599, up 99 points, or 0.50 per cent.

Share Market HIGHLIGHTS: The benchmark indices came off the day's high but still ended with decent gains on May 29, Monday. At close, the S&P BSE Sensex stood at 62,846.38, up 345 points, or 0.55 per cent while the NSE's Nifty ended at 18,599, up 99 points, or 0.50 per cent. 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:  

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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.

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    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.

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    Source: NSE

  • 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.

  • 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: 

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    Image: BSE 

  • 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.

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    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. 

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    "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).

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    "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 

  • Share Market Today LIVE | IRCTC shares extend gains to second straight day ahead of Q4 results

    Indian Railway Catering and Tourism Corporation (IRCTC) shares rise by as much as Rs 4.75 or 0.76 per cent to Rs 629.1 apiece on NSE, amid broad-based gains in the market. 

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    Investors await the company's quarterly results due later in the day. IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains. 

     

  • Share Market Today LIVE | Nifty Bank scales record high

    Nifty Bank breached the previous record of 44,151.80 touched on December 14, 2022, to touch the milestone of 44,330.20 levels, in the opening deals. 

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    Source: NSE

  • Share Market Today LIVE | Sensex jumps 500 pts, Nifty tops 18,600 amid broad-based gains 

    Here's how the intraday chart is building up for Sensex

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    Source: BSE

    Here's how the intraday chart is building up for Nifty

    Source: NSE

  • Share Market Today LIVE | Sensex up nearly 300 pts in pre-opening session

    The Sensex settles with a gain of 299.85 points or 0.48 per cent at 62,801.54 in the pre-open market.

  • Stocks in Focus | ICICI Lombard, ICICI Bank, BHEL, Sun Pharma, GMR Airports among top stocks to track today

    GMR Airports: The company widened its losses for the quarter ended March 2023. The company posted a loss of Rs 441.47 crore against a loss of Rs 141.28 crore in the corresponding quarter of the preceding fiscal. Its revenue from operations came in at Rs 1894.62 crore, up 47.6 per cent as against Rs 1,283.60 crore logged in the fourth quarter of FY22. The company's EBITDA stood at Rs 259.3 crore, down 52.5 per cent on-year.

    ONGC: The state-run company reported a 53 per cent decline in its consolidated net profit to Rs 5,701 crore for the fourth quarter of FY23 from Rs 12,061.44 crore reported in the year-ago period. The company reported a rise in its consolidated total income in Q4FY23 to Rs 166,728.80 crore, against Rs 158,660.49 crore in the year-ago quarter. Read more 

  • Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today

    Zee Business Managing Editor Anil Singhvi sees a buy zone in the Nifty50 benchmark coming in at 18,450-18,500 levels on Monday, May 29. For the Nifty Bank, he sees support at 43,850-43,950 levels and a strong buy zone at 43,675-43,800 levels. 

    Read more on how Anil Singhvi views the Indian share market today and what he recommends

  •  

    Share Market Today LIVE | IRCTC PAT likely to grow by one-fifth but margin may shrink by over 450 bps

    Indian Railway Catering and Tourism Corporation (IRCTC) — the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains — is all set to report its financial results for the quarter ended March 2023 on Monday, May 29. Analysts expect a strong performance in the company's catering unit. Click here to read more 

     

  • Share Market Today LIVE | SGX Nifty futures indicate a positive start ahead on Dalal Street

    Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty 50 index, are up 162 points or 0.87 per cent at 18,710 at this hour.

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