Share Market HIGHLIGHTS: Sensex ends 242 pts lower, halts 11-day winning run; Nifty slips to 20,133; Hindalco, HDFC Bank drop 2%
Share Market HIGHLIGHTS: The domestic equity indices settled lower on Monday, September 18, snapping an 11-day winning streak amid weak global cues. The economic developments in China and policy decisions from top central banks, including the US Federal Reserve, dented investor sentiment. Selling pressure was seen in banks, financial services, IT, pharma, and real estate 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.com's blog:
Share Market HIGHLIGHTS: The domestic equity indices settled lower on Monday, September 18, snapping an 11-day winning streak amid weak global cues. The economic developments in China and policy decisions from top central banks, including the US Federal Reserve, dented investor sentiment. Selling pressure was seen in banks, financial services, IT, pharma, and real estate 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.com's blog:
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Share Market HIGHLIGHTS | Sensex ends nearly 250 pts lower, Nifty finishes at 20,133
Nifty
Nifty finishes at 20,133, down 0.29 per cent.
Source: NSE
Sensex
Sensex ends nearly 250 points lower at 67,597.
Source: BSE
Share Market HIGHLIGHTS | Hindalco, HDFC Bank, Adani Ports emerge as top losers in 50-scrip blue-chip basket
Hindalco, HDFC Bank, Adani Ports and Dr Reddy's are among the top losers in the Nifty basket, down nearly 2 per cent. On the other hand, PowerGrid, Titan, HDFC Life and M&M are among the top gainers, trading with gains of around 3-2 per cent.
Source: NSE
Share Market Today LIVE | Bajaj Auto, TCS, IOB, other stocks hit 52-week highs
As many as 39 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) |
| ASTRAZEN | 4,541.15 | 4,592.95 | 4,560.45 (15 Sep 2023) | 4,970.00 (08 Sep 2020) |
| BAJAJ-AUTO | 5,177.85 | 5,272.20 | 5,148.35 (15 Sep 2023) | 5,272.20 (18 Sep 2023) |
| BANKBARODA | 217 | 219.6 | 213.15 (14 Sep 2023) | 1,138.10 (21 Jan 2015) |
| BANKINDIA | 109.43 | 113.64 | 109.44 (15 Sep 2023) | 588.00 (07 Oct 2010) |
| BHARATFORG | 1,121.95 | 1,147.95 | 1,142.50 (15 Sep 2023) | 1,669.70 (27 Jun 2005) |
| BLUESTARCO | 800.6 | 825.95 | 819.65 (23 Jun 2023) | 1,554.40 (14 Jun 2023) |
| CANBK | 372.25 | 377 | 368.80 (14 Sep 2023) | 844.00 (09 Nov 2010) |
| CENTRALBK | 51.34 | 55.99 | 48.00 (15 Sep 2023) | 249.05 (08 Nov 2010) |
| GICRE | 231.85 | 239.65 | 237.40 (15 Sep 2023) | 895.00 (25 Oct 2017) |
| GLAXO | 1,595.05 | 1,622.95 | 1,613.50 (15 Sep 2023) | 3,850.00 (31 Mar 2016) |
| GRASIM | 1,956.95 | 1,988.75 | 1,987.00 (15 Sep 2023) | 5,348.50 (05 Aug 2016) |
| HCLTECH | 1,305.00 | 1,311.00 | 1,310.00 (15 Sep 2023) | 3,021.00 (21 Feb 2000) |
| IDBI | 72.26 | 74.75 | 73.35 (08 Sep 2023) | 202.25 (11 Nov 2010) |
| IDEA | 10.87 | 12.4 | 11.95 (15 Sep 2023) | 203.90 (17 Apr 2015) |
| INDIANB | 411.45 | 424.05 | 417.60 (23 Aug 2023) | 428.00 (17 Nov 2017) |
| IOB | 47.4 | 47.4 | 40.33 (15 Sep 2023) | 228.90 (07 Jan 2008) |
| IPCALAB | 927.25 | 954.9 | 950.00 (02 Nov 2022) | 2,767.10 (15 Sep 2021) |
| KIOCL | 314.55 | 314.55 | 284.60 (07 Sep 2023) | 506.45 (14 Nov 2017) |
| M&M | 1,641.25 | 1,670.00 | 1,610.50 (15 Sep 2023) | 1,670.00 (18 Sep 2023) |
| MAHABANK | 47.76 | 51.48 | 46.20 (15 Sep 2023) | 96.50 (07 Jan 2008) |
| MARUTI | 10,525.90 | 10,624.80 | 10,575.00 (14 Sep 2023) | 10,624.80 (18 Sep 2023) |
| MHRIL | 409.55 | 423.4 | 421.70 (04 Sep 2023) | 657.90 (07 Jul 2017) |
| NH | 1,099.20 | 1,134.75 | 1,119.95 (15 Sep 2023) | 1,134.75 (18 Sep 2023) |
| PNB | 76.76 | 79.05 | 74.82 (15 Sep 2023) | 1,395.00 (09 Nov 2010) |
| PNCINFRA | 369.05 | 387.2 | 373.50 (15 Sep 2023) | 629.00 (20 Jul 2016) |
| PSB | 49.74 | 53.61 | 45.68 (15 Sep 2023) | 149.70 (30 Dec 2010) |
| SBILIFE | 1,371.00 | 1,392.10 | 1,374.85 (09 Aug 2023) | 1,392.10 (18 Sep 2023) |
| SUVENPHAR | 554.95 | 564.95 | 560.00 (15 Sep 2023) | 825.00 (18 Sep 2020) |
| TATASTEEL | 130.45 | 134.85 | 134.25 (14 Sep 2023) | 1,534.60 (16 Aug 2021) |
| TCS | 3,605.40 | 3,618.95 | 3,606.50 (15 Sep 2023) | 4,045.50 (18 Jan 2022) |
| TECHM | 1,289.75 | 1,308.75 | 1,303.35 (15 Sep 2023) | 2,998.00 (02 Feb 2015) |
| TITAN | 3,340.50 | 3,351.55 | 3,299.70 (14 Sep 2023) | 4,765.00 (14 Jun 2011) |
| TRITURBINE | 431.9 | 448.95 | 443.95 (15 Sep 2023) | 448.95 (18 Sep 2023) |
| TVSMOTOR | 1,525.05 | 1,530.95 | 1,507.00 (15 Sep 2023) | 1,530.95 (18 Sep 2023) |
| UCOBANK | 46.31 | 48.5 | 40.95 (15 Sep 2023) | 152.35 (22 Nov 2010) |
| UNIONBANK | 98.79 | 100.6 | 98.22 (15 Sep 2023) | 426.80 (27 Oct 2010) |
| VARROC | 472.1 | 482.4 | 466.90 (08 Sep 2023) | 1,177.45 (03 Sep 2018) |
| WELCORP | 396.4 | 403.5 | 402.10 (15 Sep 2023) | 537.70 (17 Jan 2008) |
| ZOMATO | 102 | 105 | 104.42 (15 Sep 2023) | 169.10 (16 Nov 2021) |
Share Market Today LIVE | M&M, HCL Tech, Tata Steel other stocks hit 52-week highs
As many as seven stocks in the S&P BSE Sensex basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| HCLTECH | 1,305.10 | 1,311.00 | 1,310.00 (15 Sep 2023) | 3,021.00 (21 Feb 2000) |
| M&M | 1,643.50 | 1,670.00 | 1,610.50 (15 Sep 2023) | 1,670.00 (18 Sep 2023) |
| MARUTI | 10,525.25 | 10,624.80 | 10,575.00 (14 Sep 2023) | 10,624.80 (18 Sep 2023) |
| TATASTEEL | 130.6 | 134.85 | 134.25 (14 Sep 2023) | 1,534.60 (16 Aug 2021) |
| TCS | 3,606.05 | 3,618.95 | 3,606.50 (15 Sep 2023) | 4,045.50 (18 Jan 2022) |
| TECHM | 1,289.80 | 1,308.75 | 1,303.35 (15 Sep 2023) | 2,998.00 (02 Feb 2015) |
| TITAN | 3,339.75 | 3,351.55 | 3,299.70 (14 Sep 2023) | 4,765.00 (14 Jun 2011) |
Share Market Tips LIVE | Buy Plastiblends India, JTL Industries shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Plastiblends India shares for a target of Rs 255 with a stop loss at Rs 225. Besides, he recommends buying JTL Industries shares for a target of Rs 245 with a stop loss at Rs 210.
Share Market Today LIVE | Madhusudan Masala SME IPO hits D-Street; here are the key details
Madhusudan Masala’s initial public offer (IPO), to raise an estimated Rs 23.8 crore has opened for subscription on Monday, September 18. The bidding process for the public offer, which comprises fresh issuance worth Rs 23.8 crore, will conclude on Thursday, September 21. Madhusudan Masala is a manufacturer of spices and other food products.
Here are a few important details to know about the Madhusudan Masala IPO:
Important dates: Madhusudan Masala IPO allotment date, Madhusudan Masala IPO listing date
Under the IPO, bidding will be open from 10 am to 5 pm for three trading days, ending September 21. The basis for the allotment of shares is set to take place tentatively on September 26, and the credit of shares into the accounts of winning bidders on September 29. The Madhusudan Masala stock is set to be listed on stock exchange NSE’s SME platform, on October 3.
Madhusudan Masala IPO issue price
A price band of Rs 66-70 apiece has been fixed for the IPO, under which, potential investors can bid for shares in multiples of 2,000 shares (translating to Rs 1,32,000-1,40,000 per lot). Read more
Share Market Today LIVE | IOB shares lock in upper circuit
Indian Overseas Bank shares lock in a 20 per cent upper circuit at Rs 47.4 on NSE among large deals on Monday.
Nifty Today LIVE | ITC, M&M, SBI among top movers in Nifty basket
ITC, M&M, State Bank of India and Titan are the top movers in the Nifty basket at this hour. On the contrary, HDFC Bank, Infy, RIL and Kotak Bank are among the top drags.
Source: NSE
Traders' Diary | Buy, sell or hold strategy on Tata Steel, Zomato, HAL, BEL, Bharti Airtel, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Monday, September 18. Check out which stocks are on analysts Varun Dubey and Kushal Gupta'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 Gokaldas Exports shares in the cash segment for a price target of Rs 794 with a stop loss at Rs 765
- Buy BEL futures for a target of Rs 140 with a stop loss at Rs 132
- Buy the Rs 3,950 call option of HAL at Rs 94 for a target of Rs 130 with a stop loss at Rs 72
- Technical pick: Buy Bharti Airtel shares for a target of Rs 950 with a stop loss at Rs 918
- Fundamental pick: Buy Eicher Motors shares for a target of Rs 3,520 with a stop loss at Rs 3,395
- Investment pick: Buy Dabur shares for a one-year target of Rs 660. Read more
Share Market Today LIVE | L&T buyback opens today; should investors tender their shares? Here is what experts say
The much-talked-about share buyback offer by the engineering and construction major Larsen & Toubro (L&T) has opened today (September 18, 2023) and shall remain open until September 25. During this period, the investors in the conglomerate have the option to surrender their shares and go home with substantial cash.
The buyback price stands at Rs 3,200, and the share offered for buyback is 3.12 crore. On Monday, in the morning deals, L&T's stock was trading at Rs 2,922.85 on the BSE, up 0.41 per cent against Friday's close. It must be noted that the company recently increased its buyback price by Rs 200 to Rs 3,200 from Rs 3,000 earlier. Additionally, it reduced the number of shares to be bought back from 3.33 crore to 3.12 crore shares, representing 2.22 per cent of the total paid-up equity shares of the company. The buyback size stands at Rs 10,000 crore and the buyback is being done via tender route. Read more
Share Market Today LIVE | ONGC and OIL stocks rise despite government increasing windfall tax on crude oil
Shares of state-run oil companies ONGC and Oil India (OIL) are rising despite the government increasing the windfall tax on domestically produced crude oil on Friday. While shares of ONGC are up 0.25 per cent, the stock of Oil India is up 1.04 per cent. The government on Friday hiked special additional excise duty (SAED) on domestically produced crude oil to Rs 10,000 per tonne with effect from September 16. Read more
Share Market Today | Buy Varroc Engineering shares, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers has a 'buy' recommendation on Varroc Engineering shares. He has placed his price target for the stock at Rs 600 with a stop loss at Rs 400.
Share Market Today LIVE | Jupiter Life Line Hospitals shares make a strong debut on D-Street; here is what investors should do?
Jupiter Life Line Hospitals shares make an impressive entry into the listed space on Monday, September 18. The stock of Jupiter Life Line Hospitals—which operates a chain of multi-specialty hospitals—debuts at Rs 960 apiece on BSE, marking a premium of Rs 225, or 30.6 per cent, over the upper end of the price band of the company's IPO. Jupiter Life Line shares begins their journey on NSE at Rs 973 apiece—a premium of Rs 238 or 32.4 per cent. Read more
Share Market Today LIVE | Tata Steel shares hit 52-week high; here's what brokerages suggest
Tata Steel Ltd, NSE: Tata Steel shares surge over 2 per cent in the opening deals on Monday, September 18, to clock a fresh 52-week high of Rs 135 apiece on the NSE, surpassing an earlier peak of Rs 133.15 touched on September 14. The stock rises after the United Kingdom announced a joint investment package with Tata Steel worth 1.25 billion pounds last week, including a government grant of 500 million pounds for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. Read more
Image: Official website/ Representtaional image