Share Market HIGHLIGHTS: Sensex gives up much of intraday gains, Nifty50 slips to 22,443 amid volatile trade
Share Market HIGHLIGHTS, Stock Market News: Domestic equity benchmarks Nifty 50 and Sensex finished yet another volatile session on Dalal Street on Monday largely unchanged.
Catch all the highlights of the May 6 session, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS, Stock Market News: Domestic equity benchmarks Nifty 50 and Sensex finished yet another volatile session on Dalal Street on Monday largely unchanged.
Catch all the highlights of the May 6 session, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today: Sensex, Nifty50 give up day's gains, on track to finish flat
Domestic equity benchmarks are on course to finish the volatile session flat as selling pressure in energy stocks offsets buying interest in IT and FMCG scrips.
Dalal Street has lost momentum after a positive start to the day amid hopes the Fed may not keep key interest rates higher for longer.
Investors await more corporate results for domestic cues, with companies such as Godrej Consumer Products, Lupin and Marico scheduled to report their earnings for the January-March quarter later in the day.
Share Market Today LIVE: Lupin shares rise ahead of Q4 results today
The Lupin stock is up 0.9 per cent at Rs 1,670.8 apiece as Dalal Street enters the final 30 minutes of trade.
According to Zee Business research, Lupin is estimated to register a net profit of Rs 559 crore for the quarter ended March 31, more than double over a net profit of Rs 236 crore for the corresponding period a year ago.
The analysts expect the pharma company's quarterly revenue to grow 16.4 per cent to Rs 5,156 crore.
Share Market Today LIVE: Godrej Consumer Products stock shares inch lower ahead of Q4 results today
Godrej Consumer Products (GODREJCP) shares are down 0.2 per cent at Rs 1,249.1 apiece on BSE, having gyrated within a Rs 30 range, between Rs 1,238.9 and Rs 1,269.3, in intraday trade so far.
Read more on what to expect in Godrej Consumer Products' upcoming earnings report
Share Market Today LIVE: More than 50 companies all set to report March-quarter results today
Godrej Consumer Products, Lupin and Marico are among the companies slated to report their quarterly numbers today.
Happiest Minds, Gujarat Gas, Cartrade, Suven Life Sciences, Muthoot Microfin, Indian Bank, and CG Power and Industrial Solutions will also report their earnings on Monday.
DMart Share Price Today: Avenue Supermarts stock continues to trade in green after strong Q4 results
DMart shares are holding on firmly to the green with a gain of 0.6 per cent for the day at Rs 4,638.7 apiece, having risen by as much as Rs 124.3, or 2.7 per cent, to Rs 4,734.7 in intraday trade so far.
On Saturday, Avenue Supermarts reported a 22 per cent year-on-year jump in net profit with 20 per cent revenue growth for the final quarter of the financial year 2023-24.
The strong earnings prompted JPMorgan to lift its rating for DMart to 'overweight' from 'underweight' and raise its target price for the stock to Rs 5,400 from Rs 3,555.
M&M Financial Services Share Price: NBFC stock gives up initial gains to slip into the red
M&M Financial Services shares are down 0.8 per cent at Rs 264.8 apiece in a sharp reversal after rising to as high as Rs 273.5 apiece in intraday trade.
Over the weekend, the NBFC registered 13.2 per cent growth in quarterly NII and logged an NIM of 7.1 per cent.
Britannia Share Price Today: Tiger biscuit maker's stock zooms 10% after FMCG major stages strong Q4 show
Britannia shares gain by as much as Rs 454.45, or 9.6 per cent, to Rs 5,199.6 apiece on BSE, after the company stages a strong financial performance for the January-March period.
Its margin for the three-month period comes in at 19.3 per cent with volume growth of 6.0 per cent.
According to Zee Business research, Britannia was estimated to log a quarterly margin of 19 per cent with sales volume growth to the tune of 4-5 per cent.
Share Market Today LIVE: How to trade Coal India, Britannia, Dr Reddy's, Escorts Kubota shares?
Here's what Zee Business analysts suggest.
- Nupur Jainkunia suggests buying DMart shares for a one-year target of Rs 5,550
- Kushal Gupta has a 'buy' call on Britannia with a one-year target of Rs 5,600
Titan Share Price Today: Titan stock is down 10% so far in 2024
Today's losses mean the Tata group stock has declined more than 10 per cent on a year-to-date basis, in stark contrast to a 3.5 per cent rise in the headline Nifty50 index.
Yet, the stock is up 20 per cent in a year, almost in line with a 23 per cent rise in the benchmark gauge.
Titan Share Price LIVE: Tata group jewellery and watches maker falls 7%
Titan shares are down by Rs 236.6, or 6.7 per cent, at Rs 3,298.8 apiece on BSE, having fallen by as much as Rs 248.4, or 7.0 per cent, to Rs 3,287 apiece in intraday trade so far.
Image: BSEIndia.com
Stock Market Today LIVE: Sensex gains over 300 pts, Nifty tests 22,550 led by energy shares
Both headline indices rise as much as 0.4 per cent within the first few minutes of trade.
The Sensex gains as much as 328.5 points to touch 74,206.7 on the upside and the Nifty50 climbs to as high as 22,569.3, up 93.5 points from its previous close.
Titan Share Price: CLSA, JPMorgan, Goldman Sachs, Citi cut Titan targets after Tata group giant's Q4 results
Brokerage | Rating | Target | Upside vs May 3 close |
CLSA | Buy | Reduced to Rs 4,270 from 4,547 | 20.8% |
Morgan Stanley | Equal-weight | Raised to Rs 3,526 from Rs 3,290 | -0.3% |
Jefferies | Hold | Rs 3,600 | 1.8% |
JPMorgan | Overweight | Reduced to Rs 3,850 from Rs 3,950 | 8.9% |
Goldman Sachs | Buy | Reduced to Rs 3,950 from Rs 4,075 | 11.7% |
Citi | Neutral | Reduced to Rs 3,650 from Rs 3,850 | 3.2% |