Share Market HIGHLIGHTS: Sensex ends 551 pts lower, Nifty slips to 19,671; Zee Business Operation Farzi Bull Run sends PSU stocks tumbling
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended lower on Wednesday, October 18, amid broad-based selling. Globally, sentiments were dented after the Middle East conflict intensified, and the U.S. rate worried investors. Many public sector undertaking (PSU) stocks also declined after Zee Business' report on the Farzi Bull Run.
Zee Business carried out an operation to expose the spurious bull run in many PSU stocks. The Operation Farzi Bull Run report covered a string of stocks that have rallied in the recent past without any apparent reason and sought to protect the interests of small retail investors, especially the ill-informed ones.
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 ended lower on Wednesday, October 18, amid broad-based selling. Globally, sentiments were dented after the Middle East conflict intensified, and the U.S. rate worried investors. Many public sector undertaking (PSU) stocks also declined after Zee Business' report on the Farzi Bull Run.
Zee Business carried out an operation to expose the spurious bull run in many PSU stocks. The Operation Farzi Bull Run report covered a string of stocks that have rallied in the recent past without any apparent reason and sought to protect the interests of small retail investors, especially the ill-informed ones.
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 551 pts lower, Nifty slips to 19,671
Nifty 50
Nifty slips to 19,671, down 0.71 per cent.
Source: NSE
Sensex
Sensex ends 551 points lower at 65,877.
Source: BSE
Share Market HIGHLIGHTS | Bajaj Twins, NTPC, HDFC Bank among top losers in Nifty 50 basket
Bajaj Twins, NTPC, HDFC Bank and RIL are among the top losers, down around 1-3 per cent in the Nifty basket. On the other hand, Cipla, Dr Reddy's, Tata Motors and Sun Pharma are among the top gainers, trading with gains of around 1-3 per cent.
Source: NSE
Share Market Tips LIVE | Buy Greenpanel Industries, HLE Glascoat shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Greenpanel Industries shares for a target of Rs 405 with a stop loss at Rs 365. Besides, he recommends buying HLE Glascoat shares for a target of Rs 590 with a stop loss at Rs 530.
Share Market Today LIVE | Coal India, Zomato, 23 other stocks hit 52-week highs
As many as 25 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) |
| BALKRISIND | 2,606.60 | 2,644.85 | 2,635.05 (17 Oct 2023) | 2,724.40 (23 Sep 2021) |
| BSOFT | 547.1 | 559.95 | 557.00 (17 Oct 2023) | 740.00 (02 Jan 2007) |
| CENTURYTEX | 1,213.15 | 1,222.65 | 1,205.95 (17 Oct 2023) | 11,400.00 (03 Feb 1994) |
| COALINDIA | 316.9 | 319.55 | 318.20 (17 Oct 2023) | 447.25 (05 Aug 2015) |
| DIXON | 5,472.00 | 5,506.00 | 5,488.00 (17 Oct 2023) | 21,500.00 (15 Mar 2021) |
| GSFC | 206.15 | 215.45 | 214.25 (16 Oct 2023) | 575.00 (02 Apr 1992) |
| IPCALAB | 960.3 | 981.2 | 979.50 (17 Oct 2023) | 2,767.10 (15 Sep 2021) |
| IRB | 34.95 | 36.55 | 35.00 (11 Sep 2023) | 346.95 (25 Oct 2021) |
| ITI | 286.95 | 337 | 320.80 (17 Oct 2023) | 337.00 (18 Oct 2023) |
| KALYANKJIL | 301.4 | 309.85 | 298.00 (17 Oct 2023) | 309.85 (18 Oct 2023) |
| KIOCL | 442 | 520 | 476.40 (17 Oct 2023) | 520.00 (18 Oct 2023) |
| KPRMILL | 812.65 | 819.85 | 800.00 (17 Oct 2023) | 2,349.60 (09 Sep 2021) |
| L&TFH | 137.75 | 141.2 | 140.20 (03 Jul 2023) | 213.60 (24 Oct 2017) |
| NBCC | 64.6 | 67.45 | 66.20 (16 Oct 2023) | 1,214.50 (06 Aug 2015) |
| OIL | 329.3 | 339.45 | 334.35 (17 Oct 2023) | 1,635.00 (15 Sep 2010) |
| POLYCAB | 5,340.00 | 5,492.85 | 5,485.00 (17 Oct 2023) | 5,492.85 (18 Oct 2023) |
| RATNAMANI | 2,809.15 | 2,888.75 | 2,800.00 (11 Sep 2023) | 2,888.75 (18 Oct 2023) |
| RCF | 138.2 | 145.7 | 144.80 (15 Dec 2022) | 150.35 (07 Jan 2008) |
| SPLPETRO | 597.15 | 617.65 | 576.90 (16 Oct 2023) | 1,027.05 (28 Mar 2022) |
| STARCEMENT | 174.65 | 182.35 | 180.30 (17 Oct 2023) | 182.35 (18 Oct 2023) |
| SUNTV | 663 | 664.95 | 651.95 (17 Oct 2023) | 1,849.00 (08 Feb 2007) |
| SUZLON | 31 | 31.06 | 29.82 (06 Oct 2023) | 2,300.00 (09 Jan 2008) |
| TEJASNET | 884.85 | 939.9 | 935.00 (08 Sep 2023) | 939.90 (18 Oct 2023) |
| WELSPUNIND | 132.3 | 134.9 | 134.25 (17 Oct 2023) | 1,007.15 (14 Mar 2016) |
| ZOMATO | 110.4 | 115 | 114.10 (17 Oct 2023) | 169.10 (16 Nov 2021) |
Share Market Today LIVE | Astra Microwave Products notch fresh 52-week high; here is why
Shares of Astra Microwave on Wednesday spurt as much as 14.5 per cent to notch a fresh 52-week high price of Rs 513.05 on the BSE. The sharp gains in the stock is triggered after the company said it had executed a licence-cum-Transfer of Technology (ToT) agreement between Bengaluru-based NewSpace India and the Indian National Space Promotion and Authorization Centre (IN-SPACe) for utilising MiniSAR: X-band Airborne SAR. Read more
Nifty Today LIVE | HDFC Bank, RIL, ICICI Bank among top losers in Nifty basket
HDFC Bank, RIL, ICICI Bank and Bajaj Finance are the top losers in the Nifty baskets at this hour. On the contrary, Cipla, Infy, Sun Pharma and Dr Reddy's 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 | ICICI Prudential's stock declines over 3% post-Q2; is it a buying opportunity?
ICICI Prudential Life Insurance shares are under pressure in Wednesday's trading session, snapping a two-day gaining streak, a day after the company posted its September quarter (Q2FY24) numbers. The stock has slipped as much as nearly 4 per cent to touch the day's low of Rs 512.4 apiece on BSE. Read more
Share Market Today LIVE | Syngene shares plunge after contract research firm trims revenue guidance
Syngene International shares tumble on Wednesday after the contract research firm trimmed its revenue guidance for the second half of the current financial year. The stock of Syngene International, a subsidiary of biopharma company Biocon, falls by as much as Rs 58.7, or 7.5 per cent, to Rs 720.3 apiece on BSE. Read more
Share Market Today LIVE | Nifty PSU Bank drops nearly 100 pts, down 1.52%
Source: NSE
Share Market Today LIVE | Nifty, Sensex at day's lows as Zee Business Operation Farzi Bull Run sends PSU stocks tumbling
Nifty 50
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | Wipro shares trade tad higher ahead of Q2 results
Shares of the software major Wipro trade 0.5 per cent higher at Rs 413.3 apiece on the BSE ahead of its Q2 results due to be announced later in the day. Last week, the top IT services companies posted muted Q2 performance, signalling that the challenging time for the sector is unlikely to end anytime soon. Read more
Share Market Today LIVE | HUL Q2 FY24 results preview: FMCG major likely to see 3% volume growth; PAT expected to be flat
Hindustan Unilever (HUL) is all set to declare its financial results for the quarter ended September 30, 2023 (Q2FY24) on Thursday, October 19. The FMCG behemoth, according to Zee Business Research, is estimated to report revenue of Rs 15,224 crore on a standalone basis, up 3 per cent year-on-year (YoY). The company posted revenue of Rs 14,751 crore in the year-ago period. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is estimated to rise 6 per cent YoY to Rs 3,589 crore against Rs 3,377 crore logged in the corresponding quarter of the previous fiscal. Read more
Share Market Today LIVE | Nifty, Sensex at day's lows amid selling pressure in financial stocks
Sensex
Source: NSE
Nifty 50
Source: BSE
Share Market Today LIVE | Sensex falls nearly 250 pts, down 35%
Source: BSE