Share Market HIGHLIGHTS: Sensex ends 221 pts lower, Nifty settles at 19,674; Wipro, Cipla slip 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended lower on Friday, September 22, amid selling in FMCG, IT, financial services, pharma, metals, and realty 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: Domestic equity benchmarks Nifty 50 and Sensex ended lower on Friday, September 22, amid selling in FMCG, IT, financial services, pharma, metals, and realty stocks. The market also feared the US Fed's hawkish note might hold foreign investors back.
At close, the S&P BSE Sensex was down 221.09 points, or 0.33 per cent, at 66,009.15, and the NSE Nifty was down 68.1 points, or 0.34 per cent, at 19,674.25. Among the Nifty 50 stocks, 30 declined and 20 advanced. Nifty Mid Cap 100 ended negative, whereas Small Cap 100 was closed in positive territory. Nifty Bank ended flat at 44,612.05.
"Domestic markets closed on a sombre note as mixed cues from US and Asian markets weakened domestic investors’ confidence. Nevertheless, PSU bank stocks outperformed as India's inclusion in JP Morgan's Government Bond Index led to a decline in bond yields. On a broad basis, risk-averse sentiment prevailed due to the ongoing ascent of US bond yields and concern over higher rates for a prolonged period," said Vinod Nair, Head of Research at Geojit Financial Services.
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Share Market HIGHLIGHTS | Sensex ends 221 pts lower, Nifty settles at 19,674
Nifty
Nifty settles at 19,674, down 0.34 per cent.
Source: NSE
Sensex
Sensex ends 221 points lower at 66,009.
Source: BSE
Share Market HIGHLIGHTS | Wipro, Dr Reddy's, UPL among top losers in Nifty 50
Wipro, Dr Reddy's, UPL and Cipla are among top losers in the Nifty 50 basket, down up to 3 per cent. On the other hand, IndusInd Bank, Maruti Suzuki, SBI and M&M are among the top gainers, rising up to 3 per cent.
Source: NSE
Share Market Today LIVE | Sensex nearly 500 pts off day's high
Source: BSE
Share Market Today LIVE | TCS, TechM, Berger Paints, other stocks hit 52-week highs
As many as 12 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) BERGEPAINT 668.4 679.05 759.15 (20 Sep 2023) 872.00 (22 Jul 2021) CANBK 383.45 385.85 377.00 (18 Sep 2023) 844.00 (09 Nov 2010) CSBBANK 330.5 341.95 341.45 (11 Sep 2023) 372.95 (05 Jul 2021) GAEL 318.35 326.55 318.55 (23 Sep 2022) 393.85 (19 Apr 2022) HUDCO 82.89 83.2 80.40 (05 Sep 2023) 102.35 (14 Jul 2017) INDIANB 423 434.4 427.95 (21 Sep 2023) 434.40 (22 Sep 2023) KSB 3,090.60 3,220.00 3,212.35 (21 Sep 2023) 3,220.00 (22 Sep 2023) PGHH 17,693.70 17,800.00 17,692.25 (14 Sep 2023) 17,800.00 (22 Sep 2023) TATAINVEST 2,781.95 2,852.45 2,792.00 (20 Sep 2023) 2,886.50 (15 Sep 2022) TCS 3,607.70 3,633.05 3,625.00 (20 Sep 2023) 4,045.50 (18 Jan 2022) TECHM 1,305.60 1,319.95 1,308.75 (18 Sep 2023) 2,998.00 (02 Feb 2015) UNIONBANK 102.16 102.89 102.79 (20 Sep 2023) 426.80 (27 Oct 2010) Nifty LIVE Today | HDFC Bank, ICICI Bank, ITC, Bharti Airtel among top drags in Nifty 50 basket
Source: NSE
Share Market Today LIVE | Glenmark Pharmaceuticals dips after drug maker announces it will divest 75% stake in Glenmark Life Sciences to Nirma
Glenmark Pharmaceuticals shares on Friday dipped as much as 6.3 per cent to touch the day's low of Rs 775 on the NSE in the early morning trade after clocking a 52-week high of Rs 880 on Thursday, September 21. The trend in the Mumbai-based drug maker follows after it announced the divestment of a 75 per cent stake in its subsidiary, 'Glenmark Life Sciences'. An agreement has been signed with Nirma Limited for a share sale. The company will sell 91.89 crore shares at the price of Rs 615 per share. Read more
Source: Official website
Share Market Today LIVE | JPMorgan to include India in emerging market debt index: Key things you need to know
Shares of PNB Gilts jump as much as 20 per cent to hit their 52-week high of Rs 81.55 apiece on the BSE on Friday, September 22, after JPMorgan said it would include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy. India's local bonds will be included in the Government Bond Index—Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds, according to JPMorgan. Read more
Share Market Today LIVE | ICICI Lombard shares under pressure after CEO quits
ICICI Lombard General Insurance Company shares face selling pressure on Friday after the private sector insurer said its CEO and Managing Director, Bhargav Dasgupta, tendered his resignation to pursue a career opportunity outside the country. The stock of ICICI Lombard General Insurance declines by Rs 12.35 or 0.91 per cent to Rs 1,345 on BSE, continuing to weaken for a fourth consecutive session.
The company said its board took note of the CEO's resignation and was in the process of filling up the resultant vacancy. Dasgupta will be officiating his responsibilities till his last working date, which will be intimated in due course of time, it added. Read more
Share Market Today LIVE | IndiGo shares trade flat after airline signs codeshare pact with British Airways
InterGlobe Aviation (IndiGo) shares trade flat on Friday after the company announced a codeshare partnership with the United Kingdom's British Airways. The stock of InterGlobe Aviation — which owns and operates the IndiGo airline — trades at Rs 2,385.05, down 0.9 per cent lower on NSE. A codeshare agreement enables airlines to sell seats on each other's flights.
The two airlines, IndiGo and British Airways, signed the agreement to boost their connections between India and the UK. The partnership enables British Airways to expand the choice available to their customers for journeys to and from Heathrow in London using IndiGo's network in India, IndiGo said. Read more
Share Market Today LIVE | PNB Gilts hits 52-week high, AMCs too rise as JPMorgan announces it will include India in emerging market debt index
Shares of PNB Gilts jumped as much as 19.9 per cent to hit its 52-week high of Rs 81.55 apiece on the BSE on Friday, September 22, after JPMorgan said it would include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy. India's local bonds will be included in the Government Bond Index—Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds, according to JPMorgan. Read more
Here's how the counter has moved so far:
Source: BSE
Samhi Hotels IPO listing LIVE | Stable listing in a weak market, debuts at Rs 130.55 on BSE
Shares of Samhi Hotels are listed at a premium of 3.5 per cent on the BSE at Rs 130.55 whereas it listed at Rs 134.5 on NSE, at a premium 6.7 per cent. The issue price of Samhi Hotels was Rs 126. Read more
Zaggle IPO Listing Today LIVE | Shares debuts on Dalal Street
Share of Zaggle Prepaid lists at Rs 164 on NSE and Rs 162 on BSE against the IPO price of Rs 164.
Share Market Tips LIVE | Indices slip in red; Sensex trades nearly 100 pts lower, Nifty above 19,705
Nifty
Source: NSE
Sensex
Source: BSE
Traders' Diary | Buy, sell or hold strategy on IndiGo, NBCC, PNB Gilts, Maruti Suzuki, Canara Bank, 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 Friday, September 22. Here's a list of 20 stocks that are on analysts Varun Dubey and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy Ideaforge shares in the cash segment for a price target of Rs 970 with a stop loss at Rs 915
- Buy IndiGo futures for a target of Rs 2,460 with a stop loss at Rs 2,370
- Buy the Rs 590 call option of SBI for a target of Rs 8 with a stop loss at Rs 5
- Technical pick: Sell Apollo Tyres shares for a target of Rs 360 with a stop loss at Rs 372
- Fundamental pick: Buy NBCC shares for a target of Rs 59.5 with a stop loss at Rs 56
- Investment idea: Buy UTI AMC shares for a one-year target of Rs 900. 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 19,550-19,650 levels and a strong buy zone at 19,435-19,525 levels on Friday, September 22. For the Nifty Bank, he expects support at 44,200-44,425 levels and a strong buy zone at 43,950-44,125 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty near 19,750, Sensex up nearly 50 pts
Nifty
Nifty near 19,750, up 0.02 per cent in opening deals.
Source: NSE
Sensex
Sensex up nearly 50 points at 66,276 in opening deals.
Source: BSE
Currency Update | Rupee rises 38 paise to 82.75 against US dollar in early trade
Stocks to Watch | PNB Gilts, banks, AMCs, Wipro, RVNL, Vedanta, and ICICI Bank among top stocks to track today
ZeeBiz takes you through the list of shares that can stay in the limelight on Friday (September 22).
Wipro
Wipro, the Bengaluru-based IT services company, informed stock exchanges on Thursday, September 21, that the company's Chief Financial Officer (CFO), Jatin Pravinchandra Dalal, has resigned from the position and Aparna Iyer has been appointed as the new CFO. In a regulatory filing, the company said, "The Board of Directors has noted the resignation of Mr. Jatin Pravinchandra Dalal, and he will be relieved from the services of the company with effect from November 30, 2023."
Vedanta
In its committee of directors meeting on Thursday, mining giant Vedanta approved raising, on a private placement basis, up to 2,50,000 nos. secured, unrated, unlisted, redeemable, non-convertible debentures ('NCDs') of face value Rs 1,00,000/- each aggregating up to Rs 2,500 crores in one or more tranche(s).
ICICI Bank
ICICI Bank on Thursday entered into an agreement in relation to an investment in the equity shares and compulsorily convertible preference shares ('CCPS') of Quantum CorpHealth Private Limited.
SJVN
Institutional investors on Thursday oversubscribed the SJVN offer-for-sale (OFS), putting in bids worth over Rs 1,450 crore. As per stock exchange data, the quota for non-institutional investors was subscribed over two times. At the indicative price of Rs 69.64 per share, the bids are cumulatively worth over Rs 1,450 crore. The government's 4.92 per cent share-sale offer in state-owned power producer SJVN was oversubscribed on Thursday, with institutional investors bidding for over 20.91 crore shares against 8.70 crore shares reserved for them. Read more
Dividend Stocks | Ruchira Papers, Ambika Cotton Mills, NRB Bearing among 7 shares to trade ex-date
A total of seven stocks will trade ex-dividend on Friday, September 22, according to the NSE website. The list includes Ambika Cotton Mills, NRB Bearing, SMS Pharmaceuticals, other stocks.
Ambika Cotton Mills dividend
Ambika Cotton Mills has announced a dividend of Rs 35 per equity share with a face value of Rs 10.
NRB Bearing dividend
NRB Bearing has announced a dividend of Re 1 per equity share with a face value of Rs 2.
Ruchira Papers dividend
Ruchira Papers has announced a dividend of Rs 5 per equity share with a face value of Rs 10. Read more
Share Market Today LIVE | GIFT Nifty futures indicate weaker start ahead on D-Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 62.55 points or 0.32 per cent at 19,706.5 ahead of the opening bell on Dalal Street.
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