Share Market HIGHLIGHTS: Sensex ekes out 21-point gain, Nifty flat at 22,514 after RBI status quo
Share Market HIGHLIGHTS: Benchmark indices Sensex and Nifty 50 finished a choppy session barely in the green on Friday after the Reserve Bank of India (RBI) Governor-led Monetary Policy Committee decided to leave benchmark interest rates unchanged as widely expected.
Catch all the highlights of the April 5 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:
Share Market HIGHLIGHTS: Benchmark indices Sensex and Nifty 50 finished a choppy session barely in the green on Friday after the Reserve Bank of India (RBI) Governor-led Monetary Policy Committee decided to leave benchmark interest rates unchanged as widely expected.
Catch all the highlights of the April 5 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:
Latest Updates
Share Market Today: Sensex ends 21 pts higher at record 74,248, Nifty flat but within inches of new high
Share Market Today LIVE: Buy Nifty Bank 48,500 call option at Rs 335, says Jay Thakkar
Jay Thakkar of ICICI Securities suggests buying the weekly 48,500 call option (April 10) of the banking index at Rs 335 for targets of Rs 466 and Rs 565 with a stop loss at Rs 219.
Bharti Hexacom IPO subscribed 1.53 times on Day 3 so far; check out allotment, listing date
Bharti Airtel subsidiary Bharti Hexacom's initial public offering (IPO) opened for subscription on Wednesday, April 3, making it the first public offer of the new financial year. Bharti Hexacom IPO will be available for subscription for three trading days, till April 5.
The initial share sale, worth an estimated Rs 4,275 crore, comprises an offer for sale (OFS) of 7.5 crore equity shares, representing a 15 per cent stake owned by Telecommunications Consultants India.
HDFC Bank: Brokerages bullish on stock post Q4 update; Citi sees 40% upside
Shares of HDFC Bank, the country’s largest private sector lender by sales as well as market value, were in the spotlight for the second consecutive session on April 5 due to multiple factors, such as a healthy Q4 business update that caused its ADRs, or American Depository Receipts, in the overnight trade to settle 5.1 per cent higher.
Further, HDFC Bank on Thursday sold a 3.03 per cent stake in Indraprastha Medical Corporation Ltd. for Rs 55.46 crore through the secondary market route on the NSE.
Macrotech Developers Q4 sales bookings up 40% to Rs 4,230 crore; FY24 pre-sales rise 20%
Realty firm Macrotech Developers Ltd on Friday reported a 40 per cent annual growth in its sales bookings to Rs 4,230 crore in the fourth quarter of last fiscal driven by strong housing demand.
Its sales bookings stood at Rs 3,030 crore in the year-ago period.
Macrotech Developers, which sells its properties under the Lodha brand, registered a 20 per cent growth in its sales bookings to a record Rs 14,520 crore last fiscal from Rs 12,060 crore in the 2022-23 financial year, according to a regulatory filing.
Rate-sensitive stocks trade mixed after RBI maintains status quo on repo rate, stance
Rate-sensitive stocks were mixed on Friday, April 5, after the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent. While real estate, and consumer durables stocks traded in the green, bank and financial services counters traded flat with a positive bias, while auto stocks traded lower.
Rate-sensitive stocks are those stocks that are influenced by changes in interest rates.
Nestle India rises over 1% after NCDRC dismisses govt's Maggi-related complaint against firm
Nestle India Ltd rose over one per cent on BSE on Friday (April 5, 2024) after NCDRC dismissed a Consumer Ministry complaint against the company that said that by selling Maggi Moodles, the consumer products firm was indulging in unfair trade practice by manufacturing and selling of hazardous and defective goods.
The stock rose by 1.06 per cent to Friday's high of Rs 2,576.00 after ending the trading session on Thursday at Rs 2549.05.
Share Market Today LIVE | 300% Return in 3 Years: Multibagger IT stock may announce final dividend soon - Check share price target by JP Morgan
Indian IT services provider Persistent Systems Limited is one of the top-performing mid-cap stocks. The IT software company has said in a regulatory filing that its board of directors may soon recommend a final dividend. Considering this, is this a good time to invest in this stock? Find out.
Share Market Today LIVE | Zomato shares log new all-time high; rally 53% YTD
Shares of Zomato, the new-age company, marked their new all-time high in Friday’s session (April 5) of Rs 191.25 apiece on the BSE. The stock, on a year-to-date (YTD) basis, has logged a stupendous gain of nearly 53 per cent.
Traders' Diary | Buy, sell or hold strategy on Hero MotoCorp, HPCL, NHPC, Cipla, Apollo Tyres, 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 Friday, April 5, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Aavas Financiers shares in the cash segment for a target price of Rs 1,500 with a stop loss at Rs 1,445
- Sell Apollo Tyres futures for a target of Rs 445 with a stop loss at Rs 468
- Buy the Rs 4,500 put option of Hero MotoCorp at Rs 94 for a target of Rs 125 with a stop loss at Rs 80
- Technical pick: Sell Hindustan Petroleum Corporation Ltd (HPCL) futures for a target price of Rs 450 with a stop loss at Rs 467
- Fundamental pick: Buy Ramco Cements shares for a one-year target of Rs 1,000 with a stop loss at Rs 520
- Investment idea: Buy Bharat Forge shares for a one-year target of Rs 1,400
- News-based pick: Sell Cipla futures for a target of Rs 1,425 with a stop loss at Rs 1,482. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,350-22,450 levels and a strong buy zone at 22,200-22,325 levels for the headline Nifty50 index on Friday, April 5, the day the RBI's MPC is set to announce the outcome of its first bi-monthly review of the new financial year.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
RBI MPC Meeting April 2024 Live Update: Here's how interest rate-sensitive stocks fare after the RBI announcements
Financial services
| Stock | CMP | Change(%) |
| NIFTY FINANCIAL SERVICES | 21,418.25 | 0.21 |
| ICICIPRULI | 621.25 | 2.56 |
| ICICIGI | 1,670.25 | 1.95 |
| HDFCBANK | 1,545.75 | 1.19 |
| SBILIFE | 1,478.00 | 0.97 |
| SHRIRAMFIN | 2,523.00 | 0.95 |
| SBICARD | 700.55 | 0.92 |
| CHOLAFIN | 1,202.95 | 0.55 |
| KOTAKBANK | 1,756.95 | 0.45 |
| SBIN | 762.15 | 0.38 |
| BAJAJFINSV | 1,660.05 | 0.26 |
| IDFC | 116.15 | 0.13 |
| HDFCLIFE | 623 | 0.1 |
| LICHSGFIN | 642.35 | -0.23 |
| RECLTD | 472.65 | -0.26 |
| PFC | 413.5 | -0.36 |
| HDFCAMC | 3,677.25 | -0.6 |
| ICICIBANK | 1,071.35 | -0.7 |
| AXISBANK | 1,053.00 | -0.94 |
| BAJFINANCE | 7,184.75 | -1.35 |
| MUTHOOTFIN | 1,623.05 | -2.61 |
Auto
| Stock | CMP | Change (%) |
| NIFTY AUTO | 21,648.90 | -0.01 |
| APOLLOTYRE | 464.6 | 1.03 |
| EXIDEIND | 322.45 | 0.94 |
| HEROMOTOCO | 4,564.45 | 0.92 |
| M&M | 2,018.25 | 0.78 |
| MRF | 1,35,772.00 | 0.3 |
| BOSCHLTD | 30,866.00 | 0.24 |
| EICHERMOT | 4,023.35 | 0.23 |
| MOTHERSON | 119.55 | -0.04 |
| ASHOKLEY | 172.85 | -0.09 |
| TATAMOTORS | 1,010.60 | -0.1 |
| TATAMTRDVR | 670.6 | -0.12 |
| BALKRISIND | 2,333.25 | -0.41 |
| MARUTI | 12,505.55 | -0.49 |
| TVSMOTOR | 2,070.85 | -0.76 |
| BHARATFORG | 1,142.60 | -0.76 |
| BAJAJ-AUTO | 9,048.85 | -1.06 |
Real estate
| SYMBOL | CMP | Change(%) |
| NIFTY REALTY | 938.1 | 1.47 |
| MAHLIFE | 660.1 | 5.65 |
| OBEROIRLTY | 1,579.00 | 2.75 |
| GODREJPROP | 2,469.00 | 2.47 |
| DLF | 901.95 | 1.55 |
| LODHA | 1,152.20 | 1.23 |
| PHOENIXLTD | 2,884.50 | 1.19 |
| BRIGADE | 962.4 | 0.48 |
| PRESTIGE | 1,308.80 | 0.34 |
| SUNTECK | 440 | 0.14 |
| SOBHA | 1,530.10 | -2.14 |
Consumer durables
| SYMBOL | CMP | Change(%) |
| NIFTY CONSUMER DURABLES | 33,378.35 | 0.31 |
| BLUESTARCO | 1,365.20 | 1.25 |
| VOLTAS | 1,232.00 | 1.15 |
| DIXON | 7,699.95 | 0.94 |
| WHIRLPOOL | 1,350.00 | 0.92 |
| KAJARIACER | 1,251.30 | 0.9 |
| VGUARD | 342.05 | 0.87 |
| AMBER | 3,781.10 | 0.66 |
| CROMPTON | 282.3 | 0.59 |
| RAJESHEXPO | 308.4 | 0.11 |
| HAVELLS | 1,538.50 | -0.02 |
| TITAN | 3,778.85 | -0.1 |
| KALYANKJIL | 430.2 | -0.17 |
| BATAINDIA | 1,358.10 | -1.01 |
| CERA | 7,391.75 | -1.38 |
| CENTURYPLY | 658.35 | -1.47 |
RBI MPC Meeting | Indian rupee has largely remained range-bound among emerging market peers, exhibited lowest volatility in 2023 says RBI Governor Shaktikanta Das
Share Market Today LIVE | Broader market indices trade mixed, Nifty Smallcap100, Nifty Midcap100 edge higher
Source: NSE
Share Market Today LIVE | Healthcare, FMCG, Financial sector among top movers in the Nifty50 basket as RBI MPC meeting is LIVE
Source: NSE