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. 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 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:
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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: NSESensex
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 | 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 | 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 | 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
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 19,500-19,550 levels and a strong buy zone at 19,435-19,485 levels on Tuesday, October, as market participants return to trade after a long weekend. For the Nifty Bank, he expects support at 44,250-44,350 levels and a strong buy zone at 44,000-44,200 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee falls 17 paise to 83.23 against US dollar in early trade
Share Market Today LIVE | Nifty slips below 19,550, Sensex falls nearly 350 pts
Nifty 50
Nifty slips below 19,550, down 0.55 per cent in opening deals.
Source: NSESensex
Sensex falls nearly 350 points in opening deals.
Source: BSE
Pre-Opening Market Comment | Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"There are mixed cues for the October series, which historically has been a good month for markets. The major negative for the near term will continue to be the sustained FII selling, which touched Rs 26689 crores in the cash market in September. The dollar index rising above 107 and the US 10-year bond yield at a 16-year high of 4.68 per cent are major headwinds for the market since FIIs are likely to continue selling in response to the rising dollar and US bond yields. But, on the positive side, the bulls will be emboldened to buy on the back of the tailwind of the 5 per cent crash in Brent crude prices. Bullish DIIs and retail investors will lend support to the market. In the near-term, these negative and positive factors can be expected to swing the market to and fro."
Traders' Diary | Buy, sell or hold strategy on Jubilant FoodWorks, RVNL, LTIMindtree, Federal Bank, AU Small Finance Bank, 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 Tuesday, October 3, as market participants return to trade after a long weekend. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Godrej Agrovet shares in the cash segment for a price target of Rs 500 with a stop loss at Rs 470
- Buy Federal Bank futures for a target of Rs 153 with a stop loss at Rs 146
- Buy the 295 call option of Coal India for a target of Rs 13 with a stop loss at Rs 8
- Technical pick: Buy Asahi India Glass shares for a target of Rs 650 with a stop loss at Rs 617
- Fundamental pick: Buy Vedanta shares for a target of Rs 235 with a stop loss at Rs 210
- Investment idea: Buy Jubilant FoodWorks shares or a one-month target of Rs 580. Read more
Stocks to Watch | Oil stocks, auto stocks, Hindustan Zinc, Vedanta, JSW Infra, HUL and Concor among top stocks to track today
ZeeBiz takes you through the list of stocks that can gain traction as the market opens on Tuesday.
Oil stocks: Oil stocks such as ONGC and Oil India will be in focus as the benchmark Brent Futures touched the $97 per barrel mark. It will put inflationary pressure on India's economy, given that the country imports much of its oil from abroad. On Friday, the government also increased the windfall tax on domestically produced crude, increasing it to Rs 12,100 per tonne from Rs 10,000 per tonne. The oil stocks are expected to be under selling pressure after the government decision.
Banking stocks: Banking stocks such as SBI, HDFC Bank, and ICICI Bank will be on the radar in a week when the Reserve Bank of India reviews its bimonthly data in a three-day monetary policy meeting starting Wednesday (October 4).
IT stocks: IT stocks are expected to gather the limelight this week since TCS, HCL, and Infosys are all set to announce their quarterly numbers in a few days.
Auto stocks: Auto stocks such as Tata Motors, Maruti Suzuki, Bajaj Auto, and Hero MotoCorp will stay in the limelight since most of the automakers have met their sales targets, barring a few, with the most noteworthy being Maruti Suzuki.
Coal India: The supply of coal to the power sector by state-owned Coal India increased 3.4 per cent to 294.8 million tonnes in the first six months of the current fiscal, even as demand for electricity touched record highs in the past two months, the Maharatna firm said on Monday. The total amount of coal supplied was 1.8 MT more than the 293 MT demand projected for this period, Coal India Ltd (CIL) said in a statement. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 140 points or 0.71 per cent at 19,574 ahead of the opening bell on Dalal Street.
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