Share Market HIGHLIGHTS: Nifty gives up 19,700, Sensex ends 440 pts lower amid sharp U-turn on D-Street; M&M drops 6%, TechM 4%

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Share Market HIGHLIGHTS: Nifty gives up 19,700, Sensex ends 440 pts lower amid sharp U-turn on D-Street

Nifty 50

Nifty settles at 19,659.9, down by 0.6 per cent on Thursday. 

Source: NSE

Sensex

Sensex ends 440 points lower at 66,266.82 on Thursday. 

Source: BSE

Nifty Today LIVE | HDFC Bank, M&M, RIL, ITC among top drags

HDFC Bank, M&M, RIL, ITC and ICICI Bank are among the top drags in the Nifty baskets at this hour. On the contrary, Cipla, Sun Pharma, L&T and Bharti Airtel are the top movers.

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

Source: NSE

Marico Q1 results preview | Net profit likely to rise 8% to Rs 407 crore, margin may improve by 100 bps

FMCG major Marico is all set to report its financial results for the June quarter on Friday, July 28. Analysts expect the Mumbai-based FMCG major — whose popular brands include Parachute, Nihar, Saffola, Livon and Set Wet — to stage a steady performance on the back of improving demand. 

According to Zee Business research, Marico's quarterly consolidated net profit is estimated to be at Rs 407 crore, translating to growth of eight per cent compared with the corresponding period a year ago. The analysts peg its revenue at Rs 2,593 crore for the first quarter of the current financial year as against Rs 2,558 crore for the year-ago period. Read more 

Exide Industries Q1 results preview | PAT likely to grow 20.4% YoY; gross margins may remain flat 

Exide Industries, India's leading battery manufacturing company, is all set to release its June quarter numbers (Q1FY24) on July 28. The company, as per Zee Business Research, is expected to post standalone revenue of Rs 4020 crore, up 3.1 per cent year-on-year (YoY), while earnings before interest, taxes, depreciation, and amortisation (EBITDA) are likely to grow 19.2 per cent YoY to Rs 460 crore. EBITDA margins are seen at 11.4 per cent as against 9.9 per cent in the year-ago period. Profit after tax (PAT), or net profit, is seen at Rs 272 crore, up 20.4 per cent YoY. Read more 

Share Market Today LIVE | Apollo Hospitals, BHEL, Bharti Airtel, Cipla, other stocks hit 52-week highs

As many as 50 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | Cipla shares zoom 9% as company's Q1 PAT jumps 41.34% to Rs 998.07 crore—should you buy, sell, or hold?

Cipla shares zoomes on Thursday, a day after the pharmaceuticals firm reported a 41.34 per cent rise in its consolidated profit after tax at Rs 998.07 crore in the first quarter ended June 30, 2023, driven by good growth across markets, especially India and the US. Cipla shares trade at Rs 1,178.15, up by Rs 109.65 or 10.26 per cent on NSE. Cipla shares opened at Rs 1,115 and gained as much as over 14 per cent to touch the day's high of Rs 1,219.40 from the previous close of Rs 1,068.5 on the NSE. The company posted a consolidated profit after tax of Rs 706.14 crore in the same quarter last fiscal, Cipla Ltd. said in a regulatory filing. Read more 

Share Market Today LIVE | L&T, Bharti Airtel, other stocks hit 52-week highs

As many as 4 stocks in the S&P BSE Sensex basket reached the milestone. 

Stocks to buy | Bajaj Finance, GNFC, Manappuram Finance, Escorts among analysts' top picks 

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vikas Sethi, Rakesh Bansal, Himanshu Gupta, Sumeet Bagadia and Kunal Saraogi share their top recommendations for the day in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks such as Bajaj Finance, GNFC, Manappuram Finance, Escorts Kubota and IDFC. Read more 

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

Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 19,700-19,750 levels and a strong buy zone at 19,625-19,675 levels on Thursday, July 27. For the Nifty Bank, he expects support at 45,800-45,925 levels and a strong buy zone at 45,625-45,700 levels.

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

Share Market Today LIVE | Nestle India posts 37% YoY rise in June quarter profit; company changes financial year to April-March cycle  

Nestle India, the FMCG major reports a 36.86 per cent rise in its net profit to Rs 698.34 crore, compared to Rs 510.24 crore logged in the year-ago period. On a sequential basis, the figure slips 5.1 per cent. Revenue from operations comes in at Rs 4,658.53 crore, up 15 per cent against Rs 4,045.69 crore logged in the year-ago period. The company also announced that it has changed its financial year to the April-March cycle. Till now, the company followed a calendar-year cycle. For the quarter under review. Read more 

Traders' Diary | Buy, sell or hold strategy on Tech Mahindra, HDFC AMC, Dr Reddy's, PVR-INOX, Sun Pharma, over a dozen other stocks today

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Thursday, July 27. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta

• Buy ISMT shares in the cash segment for a target price of Rs 86 with a stop loss at Rs 81
• Sell Tech Mahindra August futures for a target of Rs 1,110 with a stop loss at Rs 1,175
• Buy the Rs 5,500 call option of Dr Reddy's at Rs 199 for a target of Rs 280 with a stop loss at Rs 150
• Technical pick: Buy PVR-INOX August futures for a target of Rs 1,590 with a stop loss at Rs 1,520
• Fundamental pick: Buy Cipla shares for a 12-month target of Rs 1,300
• Investment idea: Buy Wonderla Holidays shares for a 12-month target of Rs 720

News-based pick: Buy IRCON International shares for a target of Rs 100 with a stop loss at Rs 95. Read more 

Share Market Today LIVE | Government to sell 5.36% stake in RVNL through OFS; shares plunge

Rail Vikas Nigam Ltd (RVNL) shares are under pressure on Thursday, a day after the government announced its decision to divest a 5.36 per cent stake in the PSU through an offer for sale (OFS) for Rs 1,329.9 crore. The RVNL stock falls as much as six per cent to Rs 125.8 apiece on NSE. Read more

Image source: Official website

Share Market Today LIVE | Netweb Technologies shares make a stellar debut on BSE, NSE; here is what investors may do now

Netweb Technologies shares make a strong debut in the secondary market on Thursday, July 27. The stock of Netweb Tech — a provider of high-end computing solutions (HCS) — begins its journey in the listed space at Rs 942.5 apiece on BSE, translating to a premium of 88.5 per cent over the upper end of the IPO price band. The listing is in line with Zee Business Managing Editor Anil Singhvi's expectations. 

EDITOR'S TAKE | Hold with stop loss at Rs 800

Singhvi, who had recommended applying for the Netweb IPO for "big listing gains", suggests buying the stock from a long-term perspective. He expected the stock to list in the range of Rs 900-950, a premium of 80-90 per cent over the upper end of the issue price. He is of the view that investors can hold the stock with a stop loss at Rs 800. Read more 

Share Market Today LIVE | Should you buy, sell or hold Tata Consumer shares after Tata group firm's Q1 results?

Shares of Tata Consumer Products on Thursday edges lower, a day after the fast-moving consumer goods company reported a 29.67 per cent rise in consolidated net profit to Rs 358.57 crore in the first quarter ended June 30 on the back of strong growth in its domestic business. The counter trades at Rs 865.6, down by Rs 8.3 or 0.95  per cent in opening deals. The company had posted a net profit of Rs 276.51 crore in the April-June quarter a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing.

Tata Consumer share price target: Should you buy, sell or hold?

Morgan Stanley has maintained an overweight rating on Tata Consumer Products with a target price of Rs 863. Read more