Share Market HIGHLIGHTS: Sensex ends 36 pts lower at 79,960, Nifty50 flat at 24,321; Titan, Divi's down 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks ended mildly lower on Monday amid selling pressure in financial stocks, although buying interest in FMCG and energy shares lent some support.
Investors awaited the onset of a new corporate earnings season on Dalal Street due this week for domestic cues.
Tata Consultancy Services (TCS) - the country's largest software exporter - is scheduled to report its financial results for the April-June period (the first quarter of FY25) on Thursday, July 11.
The focus also shifted to the Narendra Modi 3.0 government's first Budget due later this month. Budget to be presented on this date
Catch highlights of the July 8 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: Domestic equity benchmarks ended mildly lower on Monday amid selling pressure in financial stocks, although buying interest in FMCG and energy shares lent some support.
Investors awaited the onset of a new corporate earnings season on Dalal Street due this week for domestic cues.
Tata Consultancy Services (TCS) - the country's largest software exporter - is scheduled to report its financial results for the April-June period (the first quarter of FY25) on Thursday, July 11.
The focus also shifted to the Narendra Modi 3.0 government's first Budget due later this month. Budget to be presented on this date
Catch highlights of the July 8 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
Forex Market Update: Rupee ends almost unchanged at 83.50 as previous day
The rupee settles weaker by one paisa at 83.50 against the US dollar.
Share Market Today: Sensex ends 36 pts lower at 79,960, Nifty50 flat at 24,321; Titan, Divi's down 3%
- Sensex closes 36.2 pts, or 0.1%, lower at 79,960.4
- Nifty down 3.3 pts at 24,320.6
- Nifty Bank down 234.6 pts, or 0.5%, at 52,425.8
- Nifty Midcap 100 down 0.4%
- Nifty Smallcap 100 down 0.2%
- Titan, Divi's, BPCL, Shriram Finance, Adani Ports (down 1.6-3.3%) worst hit among 27 Nifty losers
- ONGC, ITC, HDFC Life, HUL, Wipro (up 1.3-4.2) top Nifty gainers
Share Market Today LIVE: Buy Harsha Engineers shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart suggests buying Harsha Engineers shares at Rs 572 for a target of Rs 620 with a stop loss at Rs 555.
Share Market Today LIVE: Buy Chennai Petro stock, says Siddharth Sedani
Siddharth Sedani of Anand Rathi Securities suggests going long on Chennai Petroleum Corp (CHENNPETRO) shares for targets of Rs 1,000 and Rs 1,090.
His targets imply upside potential of as much as 15 per cent from Friday's closing price.
Share Market Today LIVE: Looking for top 5 largecap SIP MFs? No. 1 fund has turned Rs 20,000 SIP into Rs 24.5 lakh in 5 years, has HDFC Bank, ICICI Bank, ITC as main stocks
Large-cap mutual funds are equity mutual funds, which are considered more stable compared to midcap and smallcap mutual funds.
Largecap mutual funds invest the majority of their money in large companies.
As per an Association of Mutual Funds in India (AMFI) classification, a largecap mutual has to invest 80 per cent of its money in largecap stocks.
Share Market Today LIVE: Buy Chambal Fertilisers, SBI Card futures, says Nirav Chheda
Nirav Chheda of Nirmal Bang Securities shares two trading calls with Zee Business viewers:
- Buy Chambal Fertilisers futures for a target of Rs 550 with a stop loss at Rs 515
- Buy SBI Card futures for targets of Rs 760 and Rs 770 with a stop loss at Rs 715
Share Market Today LIVE: Nestle India hold on to day's gains after dividend news
Nestle India shares rise as much as 1.8 per cent to Rs 2,620 apiece on BSE, continuing to enjoy intraday gains.
Share Market Today LIVE: Nestle India board declares interim dividend
Consumer products company Nestle India's board, at its meeting today, has declared an interim dividend of Rs 2.75 per share for the financial year 2024-25.
When will the dividend be paid?
Nestle India - whose popular brands include Maggi, Kit Kat, Nescafe and Milkmaid - has said the interim dividend will be paid on and from August 6 2024 along with the final dividend for the fifteen months ended March 31, 2024, if approved by its members at the 65th Annual General Meeting scheduled later today.
Stock Market Today LIVE: Here's how Goldman Sachs, Citi and Macquarie view Marico shares
- Goldman Sachs maintains 'buy' on Marico, raises target to Rs 660 from Rs 610
- Citi keeps 'buy', raises target by Rs 90 to Rs 700
- Macquarie maintains 'outperform', raises target to Rs 660 from Rs 615
Stock Market Today LIVE: Should you buy, sell or hold Marico shares after FMCG firm's Q1 update?
Here are two key takeaways from Marico's Q1 update:
- Q1 demand appears to be improving better than expected
- Consolidated income seen rising in high single digit
Share Market Today LIVE: Union Bank of India shares under pressure after Q1 update
Union Bank of India shares are down 1.4 per cent at Rs 133.8 apiece.
Here are some highlights of the PSU bank's Q1 update:
- Global business up 9.8% YoY
- Domestic deposits up 7.5%
- Domestic CASA deposits up 3.76%
- Domesic advances up 10.8%
Stock Market Today LIVE: Up 4x in 1 year, this railway PSU stock remains on analysts' 'buy' list; note down targets
Axis Direct has a 'buy' call on RailTel with a short-term target of Rs 585.
Share Market Today LIVE: Honasa, AU Small Finance Bank, J&K Bank worst hit among 340-odd losers in BSE 500 universe
RVNL, Metro Brands, Great Eastern Shipping Company, Paytm and Gujarat Mineral Development Corp stocks are among the top gainers in the 500-scrip pack.
Image: BSEIndia.com
Share Market Today LIVE: Dividend Stocks, Bonus Issues, Stock Splits This Week | JSW Steel, Polycab India, Axis Bank, Jubilant FoodWorks on the list
A number of stocks are scheduled to trade ex-date this week for corporate actions such as dividends, share splits and bonuses.