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%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex ended in the red on Thursday (July 27) dragged by financial services, FMGC and auto stocks. 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.coms blog.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex ended in the red on Thursday (July 27) dragged by financial services, FMGC and auto stocks. Nifty 50 settled down 118.4 points at 19,659.9 while the Sensex ended at 66,266.82, down 440.38 points.
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 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: NSESensex
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.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) AJANTPHARM 1,567.40 1,573.40 1,568.00 (25 Jul 2023) 3,450.00 (12 Mar 2015) ALKEM 4,027.00 4,049.40 4,027.00 (26 Jul 2023) 4,067.70 (24 Sep 2021) APLAPOLLO 1,504.10 1,520.00 1,504.05 (25 Jul 2023) 3,945.00 (08 Dec 2020) APLLTD 725.4 730 720.55 (20 Jul 2023) 1,150.00 (18 Dec 2020) AUROPHARMA 837.25 841.25 796.10 (26 Jul 2023) 1,650.00 (07 Jan 2000) BHARTIARTL 892.85 901.55 896.45 (26 Jul 2023) 1,149.00 (10 Oct 2007) BHEL 102.35 103.85 101.88 (26 Jul 2023) 2,925.00 (07 Nov 2007) BSOFT 408.5 411.7 397.75 (19 Jul 2023) 740.00 (02 Jan 2007) CASTROLIND 143.9 148.35 146.25 (26 Jul 2023) 2,400.00 (22 Apr 1992) CENTURYTEX 1,003.15 1,022.80 1,010.00 (26 Jul 2023) 11,400.00 (03 Feb 1994) CHALET 479.15 480.05 475.00 (26 Jul 2023) 480.05 (27 Jul 2023) CIPLA 1,184.10 1,194.55 1,185.20 (01 Nov 2022) 12,000.00 (24 Mar 1992) COLPAL 2,009.35 2,016.70 1,906.50 (26 Jul 2023) 2,198.50 (15 Apr 2015) DRREDDY 5,580.10 5,613.85 5,489.05 (26 Jul 2023) 5,613.85 (27 Jul 2023) EQUITASBNK 97.81 101.16 99.06 (24 Jul 2023) 101.16 (27 Jul 2023) ERIS 774.8 784.8 769.85 (26 Jul 2023) 896.00 (14 Mar 2018) ESABINDIA 4,819.10 4,852.50 4,723.50 (26 Jul 2023) 4,852.50 (27 Jul 2023) ESCORTS 2,469.50 2,475.00 2,444.00 (26 Jul 2023) 2,475.00 (27 Jul 2023) FDC 342.6 345 343.90 (24 Jul 2023) 503.00 (24 Aug 1999) FINOLEXIND 200.4 202.75 195.65 (22 May 2023) 752.80 (23 Oct 2017) FIVESTAR 720 736 733.15 (26 Jul 2023) 736.00 (27 Jul 2023) FORTIS 343.1 344 343.95 (26 Jul 2023) 344.00 (27 Jul 2023) GLENMARK 826.15 832.9 808.50 (26 Jul 2023) 1,261.95 (21 Aug 2015) GMRINFRA 48.97 49.49 49.20 (26 Jul 2023) 1,005.00 (13 Jul 2007) GODREJPROP 1,702.95 1,715.10 1,679.30 (17 Jul 2023) 2,598.00 (14 Oct 2021) IDFC 114.65 118.15 116.85 (05 Jul 2023) 235.00 (03 Jan 2008) IDFCFIRSTB 82.95 86.08 85.50 (24 Jul 2023) 86.08 (27 Jul 2023) IRCON 95.79 98.95 98.00 (26 Jul 2023) 598.80 (19 Feb 2020) JSL 384.3 386.9 380.00 (26 Jul 2023) 569.85 (15 Jan 2004) KPIL 621.5 650.15 610.25 (26 Jul 2023) 2,119.95 (05 Apr 2006) LT 2,662.80 2,677.10 2,673.60 (26 Jul 2023) 4,670.00 (01 Nov 2007) LUPIN 983.3 989.6 947.95 (21 Jul 2023) 2,127.00 (06 Oct 2015) MANAPPURAM 139 140 135.95 (26 Jul 2023) 839.90 (21 Apr 2010) MUTHOOTFIN 1,339.90 1,343.45 1,318.20 (25 Jul 2023) 1,722.55 (15 Nov 2021) NATCOPHARM 828.05 831.65 797.90 (26 Jul 2023) 2,709.00 (07 Apr 2015) NTPC 202 202.85 202.10 (26 Jul 2023) 291.00 (15 Jan 2008) OBEROIRLTY 1,106.70 1,108.60 1,098.00 (25 Jul 2023) 1,108.60 (27 Jul 2023) OIL 275.15 276.65 274.10 (19 May 2023) 1,635.00 (15 Sep 2010) PFC 253.7 255 244.50 (26 Jul 2023) 383.00 (14 Oct 2010) RAYMOND 1,884.50 1,907.45 1,877.95 (18 Jul 2023) 1,907.45 (27 Jul 2023) RBLBANK 232.2 251.2 242.10 (26 Jul 2023) 716.55 (28 May 2019) RECLTD 187.35 188.75 175.60 (24 Jul 2023) 409.50 (11 Oct 2010) SHYAMMETL 406.7 410.05 403.00 (26 Jul 2023) 461.15 (20 Jul 2021) SUNPHARMA 1,151.85 1,155.00 1,114.00 (26 Jul 2023) 3,090.00 (29 Feb 2000) SWSOLAR 372.55 375.75 374.75 (25 Jul 2023) 755.50 (20 Aug 2019) SYNGENE 807.5 812.95 790.90 (20 Jul 2023) 812.95 (27 Jul 2023) TATACOMM 1,704.05 1,716.15 1,694.15 (26 Jul 2023) 3,250.00 (11 Feb 2000) TORNTPHARM 1,995.95 2,004.55 1,988.85 (26 Jul 2023) 3,304.45 (31 Dec 2021) ZENSARTECH 489.15 497 494.50 (25 Jul 2023) 1,723.70 (03 Sep 2018) ZYDUSLIFE 654.8 656.5 625.30 (26 Jul 2023) 2,159.80 (01 Oct 2015) 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.
Stock LTP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) BHARTIARTL 893.15 901.55 896.45 (26 Jul 2023) 1,149.00 (10 Oct 2007) LT 2,653.05 2,677.10 2,673.60 (26 Jul 2023) 4,670.00 (01 Nov 2007) NTPC 201.4 202.15 202.10 (26 Jul 2023) 291.00 (15 Jan 2008) SUNPHARMA 1,135.90 1,137.20 1,114.00 (26 Jul 2023) 3,090.00 (29 Feb 2000) 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
Share Market Today LIVE | Axis Bank Q1 results disappoint Street; should you buy, sell or hold private bank stock?
Axis Bank shares swing within a tight range between gains and losses in early deals on Thursday, a day after the private sector lender reported weak financial results for the quarter ended June. Axis Bank stock is up 0.1 per cent at Rs 978.2 apiece, gyrating between Rs 971.5 and Rs 989.2 on BSE.
EDITOR'S TAKE | Weakest results in the private banking sector
Zee Business Managing Editor Anil Singhvi pointed out that the lender's results were operationally weak, with an increase in provisions as well as slippage.
"The numbers are below estimates on all parameters but there were a lot of shorts (in the stock) over the last week," he said. Read more
Share Market Today LIVE | Nifty above 19,800, Sensex rises 200 pts
Nifty 50
Nifty trades at 19,848.6, up 0.36 per cent in early morning deals.
Source: NSESensex
Sensex rises over 200 points to trade at 66,921.05 in early morning deals.
Source: BSE
Dividend Stocks | Hero MotoCorp, Pidilite, UltraTech, JK Tyre among 10 shares to trade ex-date today
A total of 10 stocks will trade ex-dividend on Thursday, July 27, according to the NSE website. The list includes Hero MotoCorp, Pidilite, UltraTech Cement, JK Tyre & Industries, and other stocks.
JK Tyre dividend
JK Tyre & Industries has announced a dividend of Rs 2 per equity share with a face value of Rs 2.
Hero MotoCorp dividend 2023
Hero MotoCorp has announced a dividend of Rs 35 per equity share with a face value of Rs 2.
Pidilite dividend 2023 record date
Pidilite Industries has announced a dividend of Rs 11 per equity share with a face value of Re 1. The record date is also July 27.
UltraTech Cement dividend 2023
UltraTech Cement has announced a dividend of Rs 38 per equity share with a face value of Rs 10. Read more
Image source: Freepik/ Representational Image
Stocks To Watch | IOCL, Axis Bank, Tech Mahindra, Nestle, Tata Consumer, Bajaj Finance, Netweb Technologies
Here's a list of stocks that are expected to trade actively today:
IOCL
Indian Oil Corporation Limited is set to announce its first-quarter results on Friday (July 28). Zee Business Research predicted the public sector undertaking would report a 6 per cent jump in its profit to Rs 10,673 crore in the April-June quarter as against Rs 10,058.70 crore the company filed in the previous quarter.
Tech Mahindra
Tech Mahindra reported disappointing Q1 numbers as its net profit fell 38 per cent to Rs 692.5 crore due to a sharp narrowing of the profit margins. The company reported a net profit of Rs 1,131.6 crore in the corresponding quarter last year.
Bajaj Finance
The non-bank lender clocked above-expectations first-quarter numbers on Wednesday as its net profit jumped 32 per cent to Rs 3,437 crore on record loan sales. In its BSE filing, the company says that the overwhelming results came from record disbursals of loans that added 10 million new borrowers. The company said that in the quarter under review, they added 38.4 lakh new customers, which took their overall customer base to 7.29 crore, up 21 per cent from 6.03 crore a year ago. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 87 points or 0.44 per cent at 19,856 at the last count ahead of the opening bell on Dalal Street.
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