Share Market HIGHLIGHTS: Sensex soars 759 pts to 73,328, Nifty crosses 22,000
Share Market HIGHLIGHTS: Domestic headline indices Sensex and Nifty50 scaled record closing highs after registering fresh all-time highs on January 15. Catch all the highlights of the session on Dalal Street, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex registered fresh record closing highs after scaling all-time highs on Monday, January 15, in a broad-based rally led by financial, IT and oil & gas shares. Wipro and HCLTech led a rally in the entire IT pack after the companies staged strong quarterly performances last week.
Investors awaited a string of largecap Q3 results due this week for domestic cues.
Catch all the highlights of the session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today | Wipro, ONGC, HCLTech, Infosys, HDFC Bank rise most among 35 Nifty50 gainers; HDFC Life, Bajaj twins top losers
Index Jan 15 close Change (%) WIPRO 495.1 6.37 ONGC 233 4.3 HCLTECH 1,588.00 3.06 INFY 1,652.00 2.43 HDFCBANK 1,679.70 2.35 BHARTIARTL 1,100.00 2.2 TECHM 1,334.00 1.98 TATACONSUM 1,152.50 -0.56 LT 3,546.90 -0.61 EICHERMOT 3,826.00 -1.16 HINDALCO 575.1 -1.19 BAJAJFINSV 1,632.00 -1.2 BAJFINANCE 7,477.00 -2.4 HDFCLIFE 614.95 -3.55 Share Market Today | Nifty IT top gainer among NSE's sectoral indices, up 1.9%
Index Jan 15 close Change (%) NIFTY IT 37,201.95 1.86 NIFTY OIL & GAS 10,193.20 1.73 NIFTY PHARMA 17,520.45 1 NIFTY PSU BANK 5,918.20 0.98 NIFTY HEALTHCARE INDEX 11,053.65 0.98 NIFTY BANK 48,158.30 0.94 NIFTY PRIVATE BANK 24,884.50 0.94 NIFTY FINANCIAL SERVICES 21,461.35 0.75 NIFTY CONSUMER DURABLES 32,218.35 0.35 NIFTY FMCG 56,657.30 0.3 NIFTY AUTO 18,765.25 0.27 NIFTY REALTY 883.3 0.26 NIFTY METAL 7,864.10 -0.43 NIFTY MEDIA 2,399.55 -1.9 Share Market Today | Bulls take Dalal Street to fresh record closing highs; Sensex soars 759 pts, Nifty50 comes within three pts of 22,100
Both headline indices finish the strong session with gains of around one per cent amid a broad-based upmove, where financial, IT and oil & gas shares were the biggest contributors.
The Sensex adds 759.5 points to end at 73,327.9 and the Nifty50 settles at 22,097.5, up 202.9 points from its previous close. The indices registered all-time highs of 73,402.2 and 22,115.6 in intraday trade respectively.
Nifty50
Share Market Tips LIVE | Buy Triveni Turbines, SP Apparels shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Triveni Turbines shares for a target of Rs 430 with a stop loss at Rs 405. Besides, recommends buying SP Apparels shares for a target of Rs 635 with a stop loss at Rs 590.
Share Market Today LIVE | Nifty above 22,100 for the 1st time ever, Sensex trades 750 pts higher
Share Market Today LIVE | SpiceJet receives BSE approval to raise funds - Check details
Low-cost carrier SpiceJet has received in-principle approval from the BSE for the issuance of equity shares and warrants convertible into equity shares on a preferential basis. This will help the company to raise Rs 2,242 crore.
The approval comes after the SpiceJetʹs 39th Annual General Meeting (AGM) where the members approved the proposal for a fund infusion of Rs 2242 crore. The AGM was held on January 10. Read more
Share Market Today LIVE | Sell Nifty50 for targets of 21,950, 21,900, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities has a 'sell' call on Nifty50 for targets of 21,950 and 21,900 with a stop loss at 22,100.
He believes consolidation in the Nifty Bank to continue for now.
Share Market Today LIVE | Bank of Maharashtra jumps 4%; sees 56% rise in six months
Bank of Maharashtra stock trades 3.54 per cent higher at Rs 50 on BSE. The bank early this year cut its house loan rate by 15 basis points to 8.35 per cent. The lender's stock has fared well in the last six months. The stock's rise in the last month is 5.72 per cent, while it has skyrocketed by 56.55 per cent in the last six months. Read more
Share Market Today LIVE | BHEL share price target by Anil Singhvi - Check stop loss and other detail
Zee Business Managing Editor Anil Singhvi has picked Bharat Heavy Electricals (BHEL) as the 'Stock of the Day' today i.e. on January 15, 2025. According to Singhvi, shares of BHEL - India's largest engineering and manufacturing enterprise - have huge potential as the PSU has a very strong order book.
BHEL Share Price Target
Singhvi said the Rs 15,000 crore order from state-owned NLC India will be a game changer for the BHEL. The contract is to set up a 2,400 MW thermal power project at Jharsuguda district in Odisha. Read more
Share Market Today LIVE | Tata Consumer Products shares in focus today; should you buy the stock?
Tata Consumer Products pares gains and slips over 1 per cent after the stock hits a 52-week high on the BSE at Rs 1,216.3 apiece. The stock is on investors' radar after the company announced the acquisition of Capital Foods and Organic India. The company will also consider raising funds in a meeting on January 19. Read more
Should you buy Wipro, HCL Tech, Dixon Tech, GCPL, Tata Consumer, HDFC Life, and other stocks today? Here is what brokerages suggest
HCL Tech share price target
- Morgan Stanley has an 'equal-weight' rating on HCL Technologies with a target of Rs 1,600.
- JPMorgan has a 'neutral' rating on HCL Tech shares with a target of Rs 1,530.
- Jefferies has a 'hold' call on the HCL Tech stocks with a target of Rs 1,500.
Wipro share price target
- JPMorgan has a 'neutral' rating on Wipro with a target of Rs 500.
- Morgan Stanley has an 'underweight' rating on Wipro shares with a target of Rs 460.
- Jefferies has an 'underperform' rating on the Wipro shares with a target of Rs 470.
- Goldman Sachs has a 'sell' call on Wipro with a target of Rs 420.
- Nomura and HSBC each have a 'reduce' rating on Wipro with targets of Rs 410 and Rs 350, respectively.
Avenue Supermarts share price target
- JPMorgan has an 'underweight' rating on Avenue Supermarts with a target of Rs 3,555.
- Morgan Stanley has an 'overweight' rating on Avenue Supermarts shares with a target of Rs 4,471.
- Citi and Goldman Sachs each have a 'sell' call on Avenue Supermarts with targets of Rs 3,200 and 3,750, respectively.
HDFC Life share price target
- CLSA has an 'outperform' rating on HDFC Life Insurance Company with a target of Rs 700.
- Morgan Stanley has an 'overweight' rating on HDFC Life shares with a target of Rs 780.
- Citi has a 'neutral' on the HDFC Life stocks with a target of Rs 675. Read more
Should you buy Wipro, HCL Tech, Dixon Tech, GCPL, Tata Consumer, HDFC Life, and other stocks today? Here is what brokerages suggest
HCL Tech share price target
- Morgan Stanley has an 'equal-weight' rating on HCL Technologies with a target of Rs 1,600.
- JPMorgan has a 'neutral' rating on HCL Tech shares with a target of Rs 1,530.
- Jefferies has a 'hold' call on the HCL Tech stocks with a target of Rs 1,500.
Wipro share price target
- JPMorgan has a 'neutral' rating on Wipro with a target of Rs 500.
- Morgan Stanley has an 'underweight' rating on Wipro shares with a target of Rs 460.
- Jefferies has an 'underperform' rating on the Wipro shares with a target of Rs 470.
- Goldman Sachs has a 'sell' call on Wipro with a target of Rs 420.
- Nomura and HSBC each have a 'reduce' rating on Wipro with targets of Rs 410 and Rs 350, respectively.
Avenue Supermarts share price target
- JPMorgan has an 'underweight' rating on Avenue Supermarts with a target of Rs 3,555.
- Morgan Stanley has an 'overweight' rating on Avenue Supermarts shares with a target of Rs 4,471.
- Citi and Goldman Sachs each have a 'sell' call on Avenue Supermarts with targets of Rs 3,200 and 3,750, respectively.
HDFC Life share price target
- CLSA has an 'outperform' rating on HDFC Life Insurance Company with a target of Rs 700.
- Morgan Stanley has an 'overweight' rating on HDFC Life shares with a target of Rs 780.
- Citi has a 'neutral' on the HDFC Life stocks with a target of Rs 675. Read more
Stocks to Buy | ITC, HUL, BPCL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Mehul Kothari, Rakesh Bansal, Kunal Saraogi and Sandeep Jain share their top stock recommendations in this special segment, Pick of the Week.
On the top analysts' 'buy' list are stocks such as Accelya Solutions India, ITC Limited, Bharat Petroleum Corporation Limited (BPCL), Union Bank of India, Schaeffler India and Hindustan Unilever Limited (HUL). Read more
Share Market Today LIVE | Alkem Labs stock slips after firm reports loss of Rs 52 crore due to cyber security breach
In the first trading session after Alkem Labs reported a loss of Rs 52 crore due to a cyber security breach, the company's stock trades down by 0.65 per cent at Rs 5,015.9. In an exchange filing on Friday, the company said that the business email-ids of some employees of a subsidiary were compromised. Read more
Share Market Today LIVE | Avenue Supermarts shares rise after the company posts in-line Q3 results
Shares of Avenue Supermarts, the parent company of Dmart, rises over 2 per cent, continuing their winning streak for the second session in a row on D- Street. The positive movement in the stock can be attributed to the company's in-line Q3FY24 results.
Shares of Avenue Supermarts trade 0.53 per cent or Rs 20.3, higher at Rs 3,861.3 apiece on NSE. The market capitalisation of the company stood at Rs 2,51,26,755.95 lakh. Read more
Share Market Today LIVE | HCLTech shares surge to record high after IT major stages strong Q3 performance
HCL Technologies shares take centre stage on D-Street on Monday, January 15, soaring to a record high after the Noida-headquartered IT company reported its highest-ever quarterly consolidated net profit last week. The HCLTech stock strengthens as much as 5.1 per cent to a record high of Rs 1,619.6 apiece on NSE, emerging as the top Nifty gainer in morning deals.
HCLTech shares jump by as much as Rs 74.7, or 4.8 per cent, to a record Rs 1,617.7 apiece on BSE. Read more
Image: Reuters Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees a strong zone for the headline Nifty50 index emerging at 21,775-21,850 levels on Monday, January 15. For the Nifty Bank, he expects support coming in at 47,525-47,650 levels and a strong buy zone at 47,250-47,400 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
MARKET AT ALL-TIME HIGH | Sensex breaches 73,200-mark for the first time to hit a fresh record peak; Nifty goes past 22,000-level
Share Market Today LIVE | Wipro shares climb 10% to mark new 52-week high post-Q3 result; what's behind the positive sentiment?
Wipro shares lock in a 10 per cent upper circuit in opening deals on BSE, hitting a new 52-week high of Rs 511.95 after posting good Q3 numbers. The company reported a 1.8 per cent increase in its consolidated net profit on a sequential basis to Rs 2,694 crore, in line with Zee Business Research estimates of Rs 2,600 crore.
The company’s revenue in constant currency terms fell by 1.7 per cent quarter-on-quarter, while it was down by 6.9 per cent compared to Q3 FY22. Its operating margin for the third quarter stood at 16 per cent.
Share Market Today LIVE | Nifty Bank soars over 300 pts, surpasses 48,000 level
Source: NSE
Currency Update | Rupee rises 12 paise to 82.82 against US dollar in early trade
MARKET AT ALL-TIME HIGH | Sensex a record 73,124.61, Nifty scales fresh peak of 22,053.15
Traders' Diary | What analysts recommend on Tata Power, BHEL, IOC, Cyient, LTIMindtree, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Monday, January 15. 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:
Varun Dubey
- Buy Accelya Solutions India shares in the cash segment for a target price of Rs 1,820 with a stop loss at Rs 1,720
- Buy Indian Oil Corporation futures for a target of Rs 140 with a stop loss at Rs 133
- Buy the Rs 470 call option of Wipro for a target of Rs 15 with a stop loss at Rs 10
- Technical pick: Buy Utkarsh Small Finance Bank shares for a target price of Rs 65 with a stop loss at Rs 61.5
- Fundamental pick: Buy Bharat Heavy Electricals Limited (BHEL) shares for a target of Rs 204 with a stop loss at Rs 192
- Investment idea: Buy L&T Finance Holdings shares for a six-month target of Rs 200
- News-based pick: Buy MAS Financial Services shares for a target of Rs 910 with a stop loss at Rs 857. Read more
Stocks to Watch | Wipro, Vedanta, Som Distilleries, other stocks
Here are some stocks that will be in focus on Monday, January 15:
Wipro: The IT firm's revenue from operations stood at Rs 16,316 crore against Rs 17,079 crore year-on-year (YoY). The profit for the three months ended December 31 stood at Rs 2,022.9 crore against Rs 2,413.1 crore a year ago. The company announced an interim dividend of Rs 1 per equity share, with January 24, 2024, being the record date. The payment of the interim dividend will be made on or before February 10, 2024, as per Wipro.
Vedanta: The company's subsidiary, Hindustan Zinc Ltd, has received a Goods and Services Tax (GST) demand of over Rs 12 crore for the period July 2017 to March 2018.
Som Distilleries & Breweries: The company's board will consider fundraising in a meeting to be held on January 17.
Sheela Foam: The company has acquired 2.57 per cent of the share capital of Kurlon Enterprise Limited (KEL) for an aggregate consideration of approximately Rs 55.33 crore. Sheela Foam Limited now holds 97.23 per cent of the share capital of KEL. 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 100 points or 0.46 per cent at 22,047 ahead of the opening bell on Dalal Street.
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