Share Market HIGHLIGHTS: Sensex ends 560 pts higher, Nifty reclaims 22,300 as D-Street continues to rise for 2nd session; Tata Consumer, BPCL jump 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a second straight session on Monday, tracking positive momentum across global markets. Catch all the highlights of the April 22 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.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to rise for a second straight session on Monday, led by gains across sectors led by financial, IT and energy stocks, tracking positive moves in global markets.
Catch all the highlights of the April 22 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: Sensex ends 560 pts higher, Nifty reclaims 22,300 as D-Street extends gains to 2nd session;
Tata Consumer Products, BPCL top blue-chip gainers, up 3%
Share Market Today LIVE: Dalal Street extends Friday's relief rally as Middle East tensions ease though situation remains fluid, says Vinod Nair
Vinod Nair, Head of Research at Geojit Financial Services, points out that Dalal Street has extended a relief rally on Friday as "Middle East tensions saw some respite though the situation remains fluid".
"The recovery is broad-based across sectors, with renewed interest in midcap and smallcap stocks. Gold and oil prices showed some relief but are still at elevated levels. Hawkish remarks from the US Fed, driven by persistent inflation and robust economic data, spurred a rally in bond yields. The prevailing higher interest rate environment is expected to persist longer than expected which, along with the moderating earnings growth, suggests a continuation of the consolidation in the near term," Nair adds.
Share Market Today LIVE: Buy Crompton Greaves Consumer futures, says Sandeep Wagle
Sandeep Wagle of Sandeep Wagle Advisory Services suggests buying Crompton Greaves Consumer futures for a target of Rs 330 with a stop loss at Rs 303.
Share Market Today LIVE: Buy PNB shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Equity Broking suggests buying Punjab National Bank shares for targets of Rs 137.5 and Rs 141 with a stop loss at Rs 127.
Share Market Today LIVE: Vodafone Idea FPO subscribed two times
Investor category Subscription (No. of times the shares reserved) Qualified institutional buyers 4.8 Non-institutional investors 2.5 Retail investors 0.5 Overall 2.2 Share Market Today LIVE: Buy KNR Constructions stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart shares KNR Constructions as a positional pick.
He has placed his target for the stock at Rs 200 with a perspective of 9-12 months.
Share Market Today LIVE | Persistent Systems shares nosedive after Q4 margin misses Street estimates; should investors be worried?
Persistent Systems shares trade 7.94 per cent lower at Rs 3,578.9 on BSE after the IT company staged an operationally weak performance for the final three months of the financial year 2023-24.
How market wizard Anil Singhvi views Persistent Q4 earnings
Zee Business Managing Editor Anil Singhvi said that Persistent Systems' quarterly numbers were in line with expectations, with "nothing great" and "nothing bad". Ahead of the start of Monday's trading session, the market guru said he saw support coming in at Rs 3,855, and higher levels at Rs 4,000 and Rs 4,050 for Persistent futures. Read more
Share Market Today LIVE | Tata Motors will share Q4 results on May 10; what should be your investment strategy on multibagger stock?
It has been a dream run for Tata Motors stock in the past 12–14 months. The company, which reported a loss for seven straight quarters (from the March 2021 quarter to the September 2022 quarter), has made a noticeable turnaround since then.
Shares of the auto giant have jumped 104 per cent in the past 12 months, thereby overperforming the benchmark indices by a huge margin. The Nifty Auto index has rallied around 69 per cent during the timeframe, while the 50-share index, Nifty, jumped over 25 per cent in the period under review.
It must be noted here that the auto companies faced a tough time in 2021 and 2022, given the chip shortage and the COVID-19 lockdown. Tata Motors took a hit as lockdown measures in China impacted JLR's sales. Read more
Share Market Today LIVE: ICICI Bank, Larsen & Toubro, Axis Bank help Sensex stay afloat; HDFC Bank under pressure
Image: BSEIndia.com
Share Market Today LIVE | Nifty Bank trades nearly 250 pts higher
Source: NSE
Share Market Today LIVE | BSE SME market value crosses Rs 1.5 lakh crore mark for first time
Stock exchange BSE said on Monday that the market capitalisation of the companies listed on its SME platform crossed the Rs 1,50,000 crore mark for the first time ever.
BSE's SME platform, set up in accordance with the rules and regulations laid down by capital market regulator Sebi, offers an entrepreneur- and investor-friendly environment that enables the listing of SMEs from the unorganised sector into a regulated and organised sector.
The market value, also known as mcap, reached an all-time high of Rs 1,51,333 crore on Monday, according to the exchange. Read more
Share Market Today LIVE | This Tata Group stock is potential 'rerating’ candidate on probable market share gains
Shares of the Tata-Group consumer goods company Voltas gain by as much as 5 per cent to the day’s high price of Rs 1,365 per share on the BSE. The sharp price rise in the stock after global brokerage double upgraded the stock to ‘buy’ from the earlier ‘neutral’ call.
UBS has raised the target price on the stock by a sharp margin from the earlier Rs 885 to currently at Rs 1800, signaling over 38 per cent potential upside.
The brokerage maintains that the market share of the consumer durable firm is expected to rise further and it sees its market share to scale 23 per cent by FY26. And any likelihood of an increase in market share will boost the chances of the company’s re-rating. Read more
Share Market Today LIVE | HDFC Bank pares opening gains; brokerages upbeat despite higher provisioning in Q4
Shares of the private lender HDFC Bank trade 0.93 per cent lower at Rs 1,517.05 on NSE amid profit-booking post firm's Q4 results.
What global brokerages suggest post HDFC Bank’s Q4 earnings?
Nearly all foreign brokerages have given their thumbs up to the stock after its Q4 earnings. Jefferies as well as Goldman Sachs have given a ‘buy’ call on the counter with a raised target price. Jefferies noted that Q4 profit at the lender of Rs16,500 crore came in below estimates, but Pre-provision operating profit (PPOP)had been inline & adj. for one-offs. EPS was at Rs 21 & ROA was at 1.9%. A key positive as suggested by the brokerage has been a slight rise in NIMs. Deposit growth was strong at 17% (merger adj.), but loan growth lagged at 12%, it added. Read more
Currency market update | Rupee rises 5 paise to 83.39 against US dollar in early trade
Share Market Today LIVE | IREDA shares skyrocket 11% after Q4 results impress Street
Indian Renewable Energy Development Agency (IREDA) shares skyrocket over 11 per cent to the day's high of Rs 179 on the NSE on Monday, April 22 after the firm posted a 33 per cent rise in its net profit to Rs 337.37 crore for the quarter ended March 2024, aided by higher income on Friday, post-market hours.
State-owned IREDA clocked Rs 253.61 crore net profit in the January-March quarter of FY23, the company said in an exchange filing. The company's total income surged to Rs 1,391.63 crore in the fourth quarter of FY24 from Rs 1,036.31 crore a year ago.
Its expenses were Rs 911.96 crore in the period under review against Rs 747.93 crore in the year-ago period. Read more
Share Market Today LIVE | Nifty near 22,300, Sensex up over 400 pts in opening deals
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Indian shares set to open higher
Indian shares are set to open higher on Monday, tracking a rebound in Asian peers.
Stocks to Watch | HDFC Bank, Persistent Systems, Dr Reddy's Labs, other stocks
Here are some stocks that will be in focus on Monday, April 22:
HDFC Bank: The private sector lender will announce its Q4 results on Saturday.
Persistent Systems: The IT company will announce its Q4 results on Sunday.
Dr Reddy's Laboratories: The pharma company announced the roll-out of its condition management programme DailyBloomTM IBS, India’s first integrated care plan for Irritable Bowel Syndrome (IBS).
Jio Financial Services: Jio Financial Services on April 19 reported a net profit of Rs 310 crore for the January-March quarter of the financial year 2023-24.
IREDA: The company posted good Q4 results with net interest income and PAT increasing 35.1 per cent and 32.6 per cent, respectively. Also, asset quality at the company logged an improvement on a QoQ basis.
BEPL: The company reported good March quarter earnings with margin increasing to 15.9 per cent as against 6.7 per cent in the previous quarter. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,075-22,150 levels and a stronger support zone at 21,950-22,000 levels for the headline Nifty50 index on Monday, April 22. For the Nifty Bank, he expects initial support to come in at 47,250-47,425 levels followed by a stronger support zone at 47,000-47,125 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Market Outlook | Domestic markets could open higher, says Deepak Jasani
"Indian markets could open higher, in line with mostly higher Asian markets today and despite mostly lower US markets on April 19," Deepak Jasani, Head of Retail Research, HDFC Securities said.
"Nifty reversed a four-day losing streak to end April 19 higher. At close, Nifty was up 0.69% or 151.2 points at 22,147. Nifty made a bullish piercing pattern formation on daily charts on April 19 that could denote a short term upward reversal. On weekly charts, Nifty fell with a downgap, which could denote some medium term weakness unless the gap is filled soon. It could in the near term face resistance from the 22,427-22,503 band while 21,710-21,778 band could offer support," he adds.
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 154.8 points or 0.7 per cent at 22,283.5 ahead of the opening bell on Dalal Street.
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