Share Market HIGHLIGHTS: Sensex settles 316 pts lower, Nifty ends below 19,550; ONGC slips 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex settled lower on Tuesday, October 3, amid weak global cues. Selling pressure was seen on auto, financial services, banks, FMCG, IT, metal, pharma, realty and oil and gas counters. At close, the S&P BSE Sensex was down 316.31 points, or 0.48 per cent at 65,512.1, and the NSE Nifty was down 109.55 points, or 0.56 per cent at 19,528.75.
In the broader market, the Nifty Mid Cap 100 and Small Cap 100 closed in green. Nifty Bank was down 0.42 per cent at 44,399.05. "Consolidation continued given the rising US bond yields and dollar index, prompting FIIs to pull funds. While the moderation in oil prices may provide respite on the downside. Infrastructure activity indicates an acceleration led by the rise in core sector output," said Vinod Nair, Head of Research at Geojit Financial Services.
Nair added the auto stocks declined due to mixed-bag monthly data, while a near-normal monsoon will aid positive sentiment for consumption in the near term.
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: Domestic equity benchmarks Nifty 50 and Sensex settled lower on Tuesday, October 3, amid weak global cues. Selling pressure was seen on auto, financial services, banks, FMCG, IT, metal, pharma, realty and oil and gas counters. At close, the S&P BSE Sensex was down 316.31 points, or 0.48 per cent at 65,512.1, and the NSE Nifty was down 109.55 points, or 0.56 per cent at 19,528.75.
In the broader market, the Nifty Mid Cap 100 and Small Cap 100 closed in green. Nifty Bank was down 0.42 per cent at 44,399.05. "Consolidation continued given the rising US bond yields and dollar index, prompting FIIs to pull funds. While the moderation in oil prices may provide respite on the downside. Infrastructure activity indicates an acceleration led by the rise in core sector output," said Vinod Nair, Head of Research at Geojit Financial Services.
Nair added the auto stocks declined due to mixed-bag monthly data, while a near-normal monsoon will aid positive sentiment for consumption in the near term.
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:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Sensex settles 316 pts lower, Nifty gives up 19,550
Nifty 50
Nifty ends below 19,550, down 0.56 per cent.
Source: NSE
Sensex
Sensex settles 316 points lower at 65,512.
Source: BSE
Share Market HIGHLIGHTS | ONGC, Eicher Motors, Maruti Suzuki among top losers in Nifty 50
ONGC, Eicher Motors, Maruti Suzuki and Hindalco are among the top losers, down around 4-1 per cent in the Nifty basket. On the other hand, Bajaj twins, L&T and Titan are among the top gainers trading with gains of around 2-1 per cent.
Source: NSE
Share Market Today LIVE | Nifty Bank down nearly 200 pts
Source: NSE
Share Market Today LIVE | Consumer durable index gains 1% ahead of festivities; Kajaria Ceramics gains over 3%
In a subdued market, shares of consumer durable companies are rallying ahead of the festivities that will kick off with Navaratri in mid-October. In the afternoon trade, the Nifty Consumer Durables index is up over 1 per cent, while the broader Nifty 50 traded nearly 0.5 per cent lower. Of the 15 constituents that make up the Nifty Consumer Durables index, 11 stocks are trading in green, while 4 stocks are in red. Read more
Share Market Today LIVE | Apollo Micro Systems shares jump over 8% on plans to set up defence equipment manufacturing facility in Hyderabad
Apollo Micro Systems shares on Tuesday zoom nearly 9 per cent in an otherwise weak market on the announcement of the incorporation of a state-of-the-art defence equipment manufacturing facility in Hyderabad. The stock, with a market cap of Rs 1,396 crore, has hit a high of Rs 61.5, up 8.56 per cent. Read more
Share Market Today LIVE | Marico, Coal India, other stocks hit 52-week highs
As many as 22 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) |
| ASTERDM | 341.05 | 354.2 | 347.00 (15 Sep 2023) | 354.20 (03 Oct 2023) |
| BAYERCROP | 5,415.00 | 5,544.00 | 5,448.95 (05 Sep 2023) | 6,550.00 (21 Sep 2020) |
| CHALET | 575.55 | 596.9 | 581.60 (12 Sep 2023) | 596.90 (03 Oct 2023) |
| COALINDIA | 291.65 | 297.95 | 297.45 (29 Sep 2023) | 447.25 (05 Aug 2015) |
| COROMANDEL | 1,145.00 | 1,164.75 | 1,152.85 (07 Sep 2023) | 1,164.75 (03 Oct 2023) |
| CSBBANK | 354.1 | 357.55 | 346.50 (28 Sep 2023) | 372.95 (05 Jul 2021) |
| FEDERALBNK | 151 | 152.25 | 151.45 (28 Sep 2023) | 550.75 (02 Jan 2013) |
| LICHSGFIN | 477.9 | 478.2 | 473.00 (26 Sep 2023) | 1,496.50 (29 Sep 2010) |
| MAPMYINDIA | 2,115.70 | 2,155.90 | 2,107.00 (28 Sep 2023) | 2,155.90 (03 Oct 2023) |
| MARICO | 576.3 | 595 | 591.70 (11 Sep 2023) | 768.00 (16 Mar 1999) |
| MEDANTA | 748.5 | 750 | 731.90 (23 Aug 2023) | 750.00 (03 Oct 2023) |
| METROBRAND | 1,244.85 | 1,292.00 | 1,147.80 (29 Sep 2023) | 1,292.00 (03 Oct 2023) |
| PCBL | 179.85 | 181.35 | 179.70 (08 Sep 2023) | 1,594.90 (09 Jan 2018) |
| PNBHOUSING | 765.2 | 767 | 739.80 (14 Sep 2023) | 1,715.30 (30 Aug 2017) |
| POLYCAB | 5,382.60 | 5,421.20 | 5,398.15 (28 Sep 2023) | 5,421.20 (03 Oct 2023) |
| RECLTD | 290.4 | 294.35 | 292.00 (29 Sep 2023) | 409.50 (11 Oct 2010) |
| SOLARINDS | 4,944.15 | 5,200.00 | 4,999.00 (28 Aug 2023) | 5,200.00 (03 Oct 2023) |
| SUVENPHAR | 574 | 575.1 | 565.35 (29 Sep 2023) | 825.00 (18 Sep 2020) |
| SUZLON | 27.11 | 27.11 | 27.00 (31 Aug 2023) | 2,300.00 (09 Jan 2008) |
| THERMAX | 3,175.00 | 3,227.85 | 3,175.00 (28 Sep 2023) | 3,227.85 (03 Oct 2023) |
| TORNTPOWER | 751.7 | 761.15 | 749.60 (29 Sep 2023) | 761.15 (03 Oct 2023) |
| UNIONBANK | 109.8 | 109.9 | 106.93 (29 Sep 2023) | 426.80 (27 Oct 2010) |
Share Market Today LIVE | Buy GMDC, Axis Bank shares, says Shivangi Sarda
Shivangi Sarda of Motilal Oswal Financial Services shares two trading calls with Zee Business. She is positive on Axis Bank, a stock she believes has shown resilience as pressure persists in private banking stocks.
Sarda suggests buying the Axis Bank stock for a target of Rs 1,075 with a stop loss at Rs 1,020.
The analyst also has a 'buy' call on GMDC. She suggests buying for a target of Rs 350 with a stop loss at Rs 330.
Share Market Today LIVE | ONGC, Oil India under pressure after Centre's windfall tax move; MGL, Gujarat Gas rise post-gas price hike
The entire oil and gas basket are in focus on Dalal Street on Tuesday after a host of key developments last week, including the Centre's move to raise a windfall tax on domestically-produced crude oil as well as the natural gas prices for the month. While stocks of oil refiners such as ONGC and Oil India faced selling pressure in early deals, gas distributors including Gujarat Gas, MGL and IGL were in high demand on the Street. Read more
Nifty Today LIVE | HDFC, RIL, ICICI Bank, Infy among top drags
HDFC, RIL, ICICI Bank, Infy and TCS are the top drags in the Nifty baskets at this hour. On the contrary, HUL, Bajaj Finance, Asian Paints and Titan are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Maruti Suzuki, Tata Motors, Eicher Motors decline, M&M up after automakers record mixed sales numbers
After car sales numbers hit a historic high and overall vehicle sales results had mixed numbers in September, auto stocks on the BSE on Tuesday (September 10) trade mixed bag as the stock market opened after a three-day holiday period. While Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto and Hero MotoCorp are trading in negative territory, Mahindra & Mahindra trades in green. Read more
Manoj Vaibhav IPO Listing | Flat stock market debut
Shares of Manoj Vaibhav Gems, a regional jewellery brand in South India make a flat debut on D-Street, settles at Rs 215 on the NSE and BSE. Read more
JSW Infrastructure IPO Listing | Strong debut for JSW Infra, shares list at premium of 20%
Shares of JSW Infrastructure make a strong debut at Dalal Street as the shares list at Rs 143 on NSE & BSE, a premium of over 20 per cent against the issue price of Rs 119. Read more
Share Market Today LIVE | Vedanta shares rise after demerger approval; should you buy, sell or hold the stock?
Vedanta (VEDL) shares gained on Tuesday, shrugging off broad-based weakness on Dalal Street, after the board of billionaire Anil Agarwal-led mining major Vedanta approved a proposal to demerge its diversified businesses into five additional listed companies. Vedanta has said the move is aimed at unlocking value for its shareholders. Vedanta shares gained by Rs 9.9, or 4.4 per cent, to Rs 232.4 apiece in early deals on BSE, rising for a second straight session.
Here’s how some of the top brokerages are reading the development:
CLSA double-upgraded Vedanta to ‘outperform’ from ‘underperform’ but reduced its price target for the stock by Rs 25 to Rs 230. The brokerage is of the view that from an operational perspective, nothing is likely to change for the company in the near term owing to the demerger. Read more
Stocks to Buy | BHEL, Indian Hotels, Dr Reddy's among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Sumeet Bagadia, Avinash Gorakshakar and Kunal Saraogi share their top recommendations in this special segment, Pick of the Week. On the top analysts' 'buy' list are stocks including Dr Reddy's Laboratories, Indian Hotels and Bharat Heavy Electricals Ltd (BHEL). Read more