Share Market HIGHLIGHTS: Sensex ends 36 pts lower at 79,960, Nifty50 flat at 24,321; Titan, Divis down 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex suffered minor losses on Monday amid weakness in financial stocks. 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.coms 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:
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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.
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 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
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: 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.
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: Should buy Bajaj Auto shares after auto major launches world's first CNG bike?
- Jefferies maintains 'buy', raises target to Rs 11,630 from Rs 10,500
- Goldman Sachs maintains 'neutral', raises target to Rs 9,970 from Rs 9,600
- Nomura retains 'buy', target at Rs 10,207
Share Market Today LIVE: Tata Motors stock begins day higher
Tata Motors shares rise as much as 2.2 per cent to Rs 1,016 apiece on BSE.
Share Market Today LIVE: Tata Motors Q1 update highlights
Tata Motors has reported 5.0 per cent increase in Jaguar Land Rover wholesale volumes to 97,755 units in the June quarter.
JLR retail sales have risen 9.0 per cent to 1,11,180 units during this period.
Share Market Today LIVE: Bandhan Bank gets interim MD & CEO
Bandhan Bank (BANDHANBNK) shares decline as much as 1.6 per cent to Rs 201 apiece.
Bandhan Bank Executive Director and Chief Operating officer Ratan Kumar Kesh has been appointed interim MD and CEO of the lender for the months with effect from July 10.
Its current MD and CEO, Chandra Shekhar Ghosh is due to retire on July 9.
Share Market Today LIVE: What brokerages make of Bank of Baroda (BANKBARODA) shares now
- Citi maintains 'buy' with target price of Rs 300 (9.6% upside from Friday's close)
- Growth seems to have moderated sharply in Q1FY25 business update
- Balance sheet consolidation, NIM management seems to be priority
- Normalisation of credit cost could be offset by higher Q1 seasonality
- Absence of wage revision impact to provide support to broadly stable RoA
- Morgan Stanley maintains 'equal-weight' with target of Rs 280
- Domestic loans down 2% QoQ in Q1 mainly due to non-retail loans
- Domestic retail healthy at 3.6%
- Overseas book down 1%
- Nomura maintains 'buy' with target of Rs 320
Read more on how brokerages view Bank of Baroda shares now
- Citi maintains 'buy' with target price of Rs 300 (9.6% upside from Friday's close)
Share Market Today LIVE: Bank of Baroda shares fall 4% after Q1 update
Bank of Baroda (BANKBARODA) shares fall as much as 4.3 per cent to Rs 261.8 apiece on BSE.
Here are some key takeaways from the PSU bank's business update for the June quarter:
- Global business up 8.5% on a year-on-year basis to Rs 23.77 lakh crore
- Domestic deposits up 5.3% at Rs 11.05 lakh crore
- Domestic advances up 8.5% at Rs 8.81 lakh crore
Also, Bank of Baroda plans to raise Rs 10,000 crore through debt in FY25.
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
Forex Market Update: Rupee almost flat at 83.47 vs dollar
The rupee is quoting at 83.47 against the US dollar at this hour.
The dollar index - which measures the greenback against six peers other than the rupee - is up 0.1 per cent at 104.98.
Share Market Today LIVE: HDFC Bank, Titan, ICICI Bank weigh on Dalal Street
Take a look at the top movers and shakers in the 30-scrip Sensex pack:
Image: BSEIndia.com
Share Market Today LIVE: Titan stock falls sharply after JPMorgan downgrade to 'neutral', target cut following jewellery maker's Q1 update
Titan shares weaken by as much as Rs 134, or 4.1 per cent, to Rs 3,135.3 apiece on BSE, after brokerages JPMorgan and Goldman Sachs lowered their targets for the Tata group stock following a quarterly business updates by the jewellery-to-watches company.
Over the weekend, Titan reported growth to the tune of 9 per cent in the June quarter.
- JPMorgan downgraded Titan to 'neutral' from 'overweight', reduced target to Rs 3,450 from Rs 3,850
- Goldman Sachs maintained 'buy' on Titan but reduced its target by Rs 100 to Rs 3,700
Share Market Today LIVE: Titan worst hit among 26 Nifty50 laggards
Top Nifty losers
Stock CMP Change (%) BAJFINANCE 7,099.65 -0.54 ULTRACEMCO 11,621.60 -0.59 MARUTI 12,033.05 -0.59 BAJAJ-AUTO 9,572.00 -0.66 SBILIFE 1,518.80 -0.69 ADANIPORTS 1,486.05 -0.96 ASIANPAINT 2,901.00 -1.19 DIVISLAB 4,564.15 -1.42 SHRIRAMFIN 2,820.00 -1.6 TITAN 3,139.00 -3.99 Top Nifty gainers
Stock CMP Change (%) TATAMOTORS 1,009.00 1.54 ONGC 291.5 1.15 TECHM 1,476.15 1.01 WIPRO 540.3 0.97 LTIM 5,457.50 0.66 HDFCLIFE 611.15 0.63 HEROMOTOCO 5,588.15 0.54 CIPLA 1,517.50 0.5 INFY 1,654.90 0.45 M&M 2,890.20 0.33 Share Market Today LIVE: Sensex drops over 150 pts, Nifty slides below 24,300 led by financial stocks; Titan falls 3%
Share Market Today LIVE: Market guru Anil Singhvi shares market strategy; note down important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 24,175-24,235 levels and a strong buy zone at 24,050-24,150 levels today.
For the Nifty Bank, he expects support to come in at 52,175-52,300 levels and a stronger support zone at 51,850-52,000 levels.
Check out Anil Singhvi's market strategy for the day
Forex Market Today: Rupee opens at 83.44 vs dollar
The rupee starts the day at 83.44 against the US dollar, stronger by four paise over its previous close.
Share Market Today LIVE: GIFT Nifty futures down 28 pts, indicate a lower opening for Nifty50 index
GIFT Nifty futures are down 28 points - or 0.1 per cent - at 24,387.5 at this hour, suggesting a lower start to the day for the headline Nifty50 index.
Share Market Today LIVE: Sensex, Nifty50 finished a volatile session on a mixed note last Friday
Domestic equity benchmarks finished yet another volatile session on a mixed note on Friday, with the Nifty50 managing to scale a record closing high of 24,323.9, as gains in energy and FMCG stocks were countered by losses in financial, IT and auto scrips. The Sensex inched 53.1 points, or 0.1 per cent, lower at 79,996.6 while the Nifty50 settled at a record 24,323.9, up 21.7 points, or 0.1 per cent, for the day.
Share Market Today LIVE: GIFT Nifty futures down 25 pts, suggest a mildly lower start to the day on Dalal Street
GIFT Nfity futures, an early indicator of the headline Nifty50 index, are down 25.5 points, or 0.1 per cent, at 24,390 at this hour, hinting at a mildly lower start to the session on Dalal Street today.
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