Share Market HIGHLIGHTS: Sensex ends 394 pts higher; Nifty reclaims 19,800 amid broad-based buying
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex staged extended gains to a second straight session on Wednesday backed by buying across a majority of sectors, with stocks from the financial, oil & gas, auto and FMCG sectors being the biggest movers. 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: Domestic equity benchmarks Nifty 50 and Sensex staged extended gains to a second straight session on Wednesday backed by buying across a majority of sectors, with stocks from the financial, oil & gas, auto and FMCG sectors being the biggest movers. Investors awaited the onset of the earnings season for domestic cues, with Tata Consultancy Services (TCS) due to report its quarterly numbers later in the day.
The Sensex settled 393.69 points or 0.60 per cent higher at 66,473.05 and the Nifty finished with a gain of 121.5 points, or 0.62 per cent, at 19,811.35. The Nifty Mid Cap 100 and Small Cap 100 indices also settled in the green. Nifty Bank was up 0.35 per cent at 44,516.9 at the end of the day.
Dalal Street took positive signals from global markets on the back of stable crude oil prices, and dovish comments from key Federal Reserve officials that eased concerns about higher-for-longer interest rates, and hope that the Israel crisis might not impact the world economy.
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 394 pts higher; Nifty reclaims 19,800 amid broad-based buying
Nifty 50
Nifty reclaims 19,800 amid broad-based buying, settles 0.62 per cent higher.
Source: NSESensex
Sensex ends 394 points higher at 66,473.
Source: BSE
Share Market HIGHLIGHTS | Hero MotoCorp, Wipro, Grasim rise most in 50-scrip blue-chip basket
Hero MotoCorp, Wipro, Grasim and UltraTech Cement are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, HCL Tech, Coal India, LTIMindtree and SBI are among the top losers, down nearly 2 per cent.
Source: NSE
Share Market Today LIVE | DLF, Coal India, other stocks hit 52-week highs
As many as 12 stocks in the BSE 200 basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) BHARTIARTL 955.75 956.75 953.60 (10 Oct 2023) 1,149.00 (10 Oct 2007) CHOLAFIN 1,259.75 1,272.80 1,264.00 (10 Oct 2023) 1,760.75 (30 Apr 2018) COALINDIA 301.5 305 303.95 (10 Oct 2023) 447.25 (05 Aug 2015) DLF 565.55 568.95 564.70 (10 Oct 2023) 1,225.00 (15 Jan 2008) HDFCAMC 2,747.00 2,798.45 2,769.85 (10 Oct 2023) 3,844.00 (22 Nov 2019) IPCALAB 941.8 962.35 958.50 (10 Oct 2023) 2,767.10 (15 Sep 2021) LODHA 813.5 829 823.65 (27 Sep 2023) 1,538.65 (01 Dec 2021) LTTS 4,749.00 4,859.75 4,825.00 (10 Oct 2023) 5,958.10 (04 Jan 2022) PAYTM 970.75 977 954.60 (10 Oct 2023) 1,961.05 (18 Nov 2021) PFC 249.8 255.55 254.25 (29 Sep 2023) 383.00 (14 Oct 2010) TVSMOTOR 1,550.50 1,571.00 1,558.35 (10 Oct 2023) 1,571.00 (11 Oct 2023) ZOMATO 108.75 109.05 107.90 (10 Oct 2023) 169.10 (16 Nov 2021) Share Market Tips LIVE | Buy Kfin Tech, VPRPL shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Kfin Tech shares for a target of Rs 500 with a stop loss at Rs 450. Besides, he recommends buying VPRPL shares for a target of Rs 205 with a stop loss at Rs 177.
Share Market Today LIVE | MCX, TVS Motor, Paytm, other stocks hit 52-week highs
As many as 32 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) ANGELONE 2,098.40 2,116.65 2,109.50 (10 Oct 2023) 2,116.65 (11 Oct 2023) ASTRAZEN 4,781.85 4,825.00 4,800.00 (10 Oct 2023) 4,970.00 (08 Sep 2020) BHARTIARTL 954.65 956.4 953.60 (10 Oct 2023) 1,149.00 (10 Oct 2007) BSOFT 538.95 548.5 543.75 (10 Oct 2023) 740.00 (02 Jan 2007) CHOLAFIN 1,258.00 1,272.80 1,264.00 (10 Oct 2023) 1,760.75 (30 Apr 2018) COALINDIA 301.15 305 303.95 (10 Oct 2023) 447.25 (05 Aug 2015) CRISIL 4,001.75 4,145.00 4,143.05 (10 Oct 2023) 9,031.95 (27 Jul 2011) DLF 565 568.95 564.70 (10 Oct 2023) 1,225.00 (15 Jan 2008) ECLERX 2,170.45 2,248.40 2,170.00 (06 Oct 2023) 2,970.00 (13 Jan 2022) ESCORTS 3,394.20 3,435.20 3,410.65 (10 Oct 2023) 3,435.20 (11 Oct 2023) GAEL 367.55 372.7 371.00 (10 Oct 2023) 393.85 (19 Apr 2022) HDFCAMC 2,750.05 2,798.45 2,769.85 (10 Oct 2023) 3,844.00 (22 Nov 2019) INFIBEAM 22.14 23 22.78 (10 Oct 2023) 1,504.00 (08 Aug 2017) IPCALAB 944.1 962.35 958.50 (10 Oct 2023) 2,767.10 (15 Sep 2021) KALYANKJIL 266.9 272.9 267.90 (10 Oct 2023) 272.90 (11 Oct 2023) KPITTECH 1,213.40 1,234.50 1,219.45 (01 Sep 2023) 1,234.50 (11 Oct 2023) LODHA 817.5 829 823.65 (27 Sep 2023) 1,538.65 (01 Dec 2021) LTTS 4,768.00 4,859.75 4,825.00 (10 Oct 2023) 5,958.10 (04 Jan 2022) MCX 2,160.00 2,183.85 2,149.50 (09 Oct 2023) 2,183.85 (11 Oct 2023) MEDANTA 759 768.9 758.00 (10 Oct 2023) 768.90 (11 Oct 2023) MIDHANI 461.8 476.4 447.95 (12 Sep 2023) 476.40 (11 Oct 2023) NAM-INDIA 346.5 349.8 346.75 (09 Oct 2023) 476.50 (19 Oct 2021) NBCC 63.28 64.64 63.65 (06 Sep 2023) 1,214.50 (06 Aug 2015) PAYTM 969.25 977 954.60 (10 Oct 2023) 1,961.05 (18 Nov 2021) PFC 249.2 255.55 254.25 (29 Sep 2023) 383.00 (14 Oct 2010) PHOENIXLTD 1,918.80 1,938.95 1,907.20 (21 Sep 2023) 37,536.25 (21 Sep 2005) RAMCOCEM 985 994 963.50 (05 Oct 2023) 13,500.00 (25 Apr 1996) SPLPETRO 536.3 546.95 535.95 (10 Oct 2023) 1,027.05 (28 Mar 2022) SUNTECK 470.15 482 456.95 (29 Sep 2023) 2,955.00 (08 Oct 2009) TVSMOTOR 1,556.40 1,571.00 1,558.35 (10 Oct 2023) 1,571.00 (11 Oct 2023) WELCORP 413.7 419.15 406.70 (21 Sep 2023) 537.70 (17 Jan 2008) ZOMATO 108.5 109.05 107.90 (10 Oct 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | Laxmi Organic zooms 13%; company raises Rs 259 crore via QIP
Laxmi Organic shares zoom as much as nearly 13 per cent after the company raised Rs 259 crore through qualified institutional placement (QIP). The Goenka Group's flagship company’s board approved the allocation of 96.25 lakh shares of face value of Rs 2 each to eligible qualified institutional buyers at an issue price of Rs 269.2 per equity share, a discount of 4.97 per cent to the floor price of Rs 283.27, according to an exchange filing from the company. Read more
Traders' Diary: Buy, sell or hold strategy on Maruti Suzuki, MCX, KPIT Tech, Tatva Chintan, Dalmia Bharat, other 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 Wednesday, October 11. Here's a list of 20 stocks that are on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Varun Beverages shares in the cash segment for a price target of Rs 957 with a stop loss at Rs 915
- Buy Axis Bank futures for a target of Rs 1,045 with a stop loss at Rs 1,000
- Buy the Rs 5,050 call option of Bajaj Auto at Rs 98 for a target of Rs 125 with a stop loss at Rs 85
- Technical pick: Chambal Fertiliser shares for a target of Rs 294 with a stop loss at Rs 280
- Fundamental pick: Buy GHCL shares for a target of Rs 624 with a stop loss at Rs 595
- Cricket World Cup pick: Buy Maruti Suzuki shares for a target of Rs 11,000 with a perspective of 3-4 months. Read more
Nifty Today LIVE | RIL, HDFC Bank, HUL among top movers in Nifty basket
RIL, HDFC Bank, HUL and Kotak Bank are the top movers in the Nifty baskets at this hour. On the contrary, Infosys, TCS, Coal India and HCL Tech are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | CARE upgrades Vinati Organics' long-term rating; shares rise
Vinati Organics shares edged higher on Wednesday, halting a downward trend over the past five sessions. The stock of Vinati Organics — a manufacturer of specialty chemical and organic intermediaries — trades 0.49 per cent higher at Rs 1,838.4 apiece on NSE. During market hours on Tuesday, ratings agency CARE Ratings upgraded its long-term ratings on certain bank facilities of the specialty chemicals maker.
Here are the details of the rating action by CARE:
The agency upgraded its fund-based long-term cash credit rating from ‘CARE AA’ with a ‘positive’ outlook to ‘CARE AA+’ with a ‘stable’ outlook.
CARE reaffirmed its non-fund based rating at ‘CARE A1+’, Vinati Organics said. Read moreShare Market Today LIVE | Tata Chemicals, Gujarat Alkalies, GHCL shares rise on soda ash price hike buzz
Tata Chemicals, GHCL and Gujarat Alkalies shares are in high demand on Wednesday in anticipation of a rise in the prices of soda ash, a chemical used as input in a range of industries. Zee Business learned from dealer channel checks that domestic soda ash prices were in for a five per cent increase next week amid the closure of major Chinese plants for another three months. Tata Chemicals, GHCL, Gujarat Alkalies, Chemfab Alkalis, DCW and Lords Chloro Alkali share trade with gains to the tune of 3-6 per cent after a strong start to the day. All of the companies produce soda ash. Read more
Stocks to Buy | Infosys, NMDC among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Vishvesh Chauhan, Sumeet Bagadia and Siddharth Sedani share their top recommendations for the day in this special segment, Big B Stocks. On the top analysts' 'buy' list are stocks such as NMDC, Infosys, Escorts Kubota and Dalmia Bharat. Read more
Share Market Today LIVE | KPIT Tech stock hits 52-week high after Goldman Sachs revises share price target
Shares of software and consulting company KPIT Tech hit a 52-week high of Rs 1,234.50 on BSE after Goldman Sachs maintained a 'buy' rating on the IT firm and raised its share price target to Rs 1,420 from Rs 1,270. Read more
Share Market Today LIVE | MCX shares hit fresh 52-week high on implementation of new CDP platform from October 16
Shares of the country’s largest commodity derivatives exchange gain as much as 2.87 per cent to hit a fresh 52-week high of Rs 2158.90 apiece on the BSE. The gains in the stock were triggered after MCX proposed to go live with its new commodity derivatives platform on Monday, October 16. Read more
Share Market Today LIVE | Bank of Baroda shares sink over 2% after RBI bans lender from adding new customers on bob World app
Shares of Bank of Baroda slip 2.47 per cent, or Rs 5.3, at Rs 209 on BSE on Wednesday, a day after the RBI banned the bank from adding new customers on its 'bob World' mobile app.
Why is the RBI tightening the noose on Bank of Baroda?
The Reserve Bank of India (RBI) had received complaints from Bank of Baroda customers that some of the bank employees were using the wrong mobile numbers to meet their target of adding new customers. Read more
Share Market Today LIVE | TVS shares zoom to record high after DAM Capital sees 100% upside in auto stock
TVS Motor Company shares hit a record high on Wednesday, continuing to rise for the fifth session in a row, after brokerage DAM Capital raised its price target for the auto stock by Rs 1,176 to Rs 3,051 apiece. The TVS Motor stock gained by as much as Rs 43.2, or 2.8 per cent, to an all-time high of Rs 1,571 apiece, surpassing a peak registered the previous day. Read more
Share Market Today LIVE | TCS shares in focus ahead of Q2 results, buyback announcement
Tata Consultancy Services (TCS) shares are in focus on Wednesday as investors awaited the Tata group IT major to report its financial results for the July-September period later in the day. TCS shares on Wednesday, October 11 trade 0.27 per cent or Rs 9.95 higher at Rs 3,638.85 on NSE. Read more
Image source: Reuters Share Market Today LIVE | Nifty near 19,800, Sensex gains over 350 pts amid broad-based buying
Nifty 50
Nifty trades near 19,800, up 0.54 per cent in opening deals.
Source: NSESensex
Sensex gains over 350 points to trade at 66,449 in opening deals.
Source: BSE
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,575-19,650 levels and a strong buy zone at 19,485-19,550 levels on Wednesday, October 11. For the Nifty Bank, he expects support at 44,125-44,200 levels and a strong buy zone at 43,850-44,200 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 3 paise to 83.22 against US dollar in early trade
Stocks to Watch | TCS, Delta Corp, IDFC First Bank, TVS Motor, Eicher Motors, Bajaj Auto, Birla Corporation: Stocks to watch out for today
ZeeBiz takes you through the stocks that can grab the headlines on Wednesday:
TCS: The K Krithivasan-led company is slated to release its financial results for the quarter ended September 30, 2023, on Wednesday, October 11. The company will also consider the proposal for the buyback of its equity shares on the same day. Nirmal Bang Securities expects TCS' revenue to come in at Rs 60,859.1 crore, up 10 per cent year-on-year (YoY) and 2.5 per cent on a sequential basis. In US dollar terms, revenue is seen at $7,346 million, up 1.7 per cent QoQ.
Samhi Hotels: Samhi Hotels, which made its debut on the BSE and the NSE in September, will also announce its quarterly results on Wednesday.
Delta Corp: The company involved in gaming and hospitality is also set to report its quarterly results on Wednesday.
IDFC First Bank: CRISIL on Tuesday assigned its rating ‘CRISIL AA+/Stable’ to the Tier-II bonds (under Basel III) of IDFC First Bank Bank amounting to Rs 3,000 crores. CRISIL has also reaffirmed its rating CRISIL AA+/Stable’ and ‘CRISIL A1+’ to the Tier-II bonds (under Basel III) of the bank amounting to Rs 5,000 crores and certificate of deposits amounting to Rs 45,000 Crore, respectively, IDFC First Bank said in a statement on Tuesday. Read more
Share Market Today LIVE | CLSA upgrades India; increases allocations to Indian portfolio
India is indeed in a sweet spot, as a host of global brokerages are turning bullish. After Morgan Stanley and Nomura, CLSA has also upgraded India. The global brokerage has increased its allocation to the Indian portfolio. The brokerage has increased the rating from 40 per cent 'underweight' to 20 per cent 'overweight'. 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 43.5 points or 0.22 per cent at 19,789.5 ahead of the opening bell on Dalal Street.
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