Share Market HIGHLIGHTS: Sensex ends 406 pts higher, Nifty reclaims 19,500; Bajaj Auto, L&T rise 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended in green on Thursday, October 5 amid strong buying interest in IT and financial shares. 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 in green on Thursday, October 5 amid strong buying interest in IT and financial shares. The S&P BSE Sensex ended 405.53 points or 0.62 per cent higher at 65,631.57, while the Nifty settled at 19,545.75, up 109.65 points or 0.56 per cent. Among broader indices, the Nifty Mid Cap 100 finished flat whereas the Small Cap 100 closed over half a per cent higher. The high-beta Nifty Bank index closed with a gain of 0.57 per cent at 44,213.45.
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 406 pts higher, Nifty reclaims 19,500
Nifty 50
Nifty leaps to 19,546, up 0.56 per cent.
Source: NSESensex
Sensex ends 406 points higher, at 65,632.
Source: BSE
Share Market HIGHLIGHTS | Bajaj Auto, L&T, M&M among the top gainers in Nifty basket
Bajaj Auto, L&T, M&M and Titan are among the top gainers in the Nifty basket, trading with gains of around 2 per cent. On the other hand, PowerGrid, Cipla, Hindalco and NTPC are among the top losers, down up to 1 per cent.
Source: NSE
Share Market Today LIVE | L&T, Zomato, other stocks hit 52-week highs
As many as four stocks in the BSE 200 basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) BALKRISIND 2,570.45 2,606.00 2,578.25 (25 Sep 2023) 2,724.40 (23 Sep 2021) COROMANDEL 1,163.50 1,180.25 1,164.75 (03 Oct 2023) 1,180.25 (05 Oct 2023) LT 3,091.00 3,114.00 3,077.65 (03 Oct 2023) 4,670.00 (01 Nov 2007) ZOMATO 105.5 107.65 105.90 (03 Oct 2023) 169.10 (16 Nov 2021) Share Market Tips LIVE | Buy Capacite Infra, Gokaldas Exports shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Capacite Infra shares for a target of Rs 230 with a stop loss at Rs 205. Besides, he recommends buying Gokaldas Exports shares for a target of Rs 825 with a stop loss at Rs 770 shares.
Nifty Today LIVE | L&T, HBFC Bank, Infy, ICICI Bank among top movers in Nifty 50
L&T, HBFC Bank, Infy, ICICI Bank and TCS are the top movers in the Nifty baskets at this hour. On the contrary, PowerGrid, NTPC, Sun Pharma and HCL Tech 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 | Should you buy, sell or hold RBL Bank shares after lender posts strong Q2 business update?
RBL Bank shares surge to touch a 52-week high on Thursday after the private sector lender said its retail advances rose 34 per cent on a year-on-year basis in the quarter ended September 30, 2023. The RBL Bank stock gained by as much as Rs 7.2, or 2.9 per cent, to Rs 256.6 apiece on BSE, surpassing an earlier 52-week peak scaled this week.
In a strong update for the first quarter of the current financial year, released post-market hours on Wednesday, RBL Bank reported growth to the tune of seven per cent on a year-on-year basis in wholesale advances. Read more
Share Market Today LIVE | Nifty bank trades over 350 pts higher, up 0.84%
Source: NSE
Share Market Today LIVE | Surya Roshni, Focus Lighting, Sigachi Industries, Themis Medicare to split stocks soon
A total of four stocks — Surya Roshni, Focus Lighting and Fixtures, Sigachi Industries and Themis Medicare will trade ex-date soon, according to the NSE website. A stock split is a corporate action that alters the existing shares of a company. When a company announces to split its stock, the number of outstanding shares increases while the price of each share decreases. The face value of the stock also splits in the announced ratio.
Surya Roshni stock split record date 2023
Surya Roshni which produces fans, steel, lighting, LED, kitchen appliances and PVC pipes will trade ex-date tomorrow, October 6. The counter's face value will split in the ratio of 2:1, i.e., for each share held by the shareholder with a face value of Rs 10 per equity share will split into 2 shares with a face value of Rs 5 per equity share. October 6 has also been fixed as the record date.
Focus Lighting and Fixtures stock split
Focus Lighting and Fixtures will turn ex-date tomorrow, October 6. The counter's face value will split from Rs 10 per share to Rs 2 per share, i.e., in the ratio of 5:1. October 6 has also been fixed as the record date. Read more
Share Market Today LIVE | New India Assurance stock falls after insurance firm slapped with Rs 2,379 crore GST show cause notice
Shares of New India Assurance trade 0.51 per cent lower on BSE on Thursday at Rs 135.3 after the insurance company was slapped with a Rs 2,379 crore GST show cause notice from the Directorate General of GST Intelligence, Pune, on Wednesday. Read more
Nifty Today LIVE | The 50-scrip index trades near day's high
Source: NSE
Share Market Today LIVE | Sensex gains nearly 500 pts
Source: BSE
Share Market Today LIVE | HDFC Bank shares gain; Morgan Stanley, Jefferies maintain 'Buy', see up to 39% upside
HDFC Bank shares trade in positive territory on Thursday, October 5, after global brokerages Morgan Stanley and Jefferies maintained 'buy' calls on the country's largest private sector lender. The analysts gave a thumbs-up to the stock after HDFC Bank reported a strong quarterly business update, which was released on Wednesday, October 4. HDFC Bank trades at Rs 1,536.8, up Rs 7.25 or 0.47 per cent on NSE. Read more
Share Market Today LIVE | Battered Navin Fluorine faces another blow as Jefferies double downgrades stock to hold
Navin Fluorine shares, which have given an impressive over 470 per cent returns in the past five years, have been reeling under pressure since the past one week after the resignation of its managing director, Radhesh R. Welling. The Street looks disappointed by the sudden resignation of the MD, as the firm performed well under Welling’s leadership and the market participants were banking on him big time for future growth as well. The counter trades at Rs 3,682, down Rs 141.65 or 3.70 per cent on BSE.
Jefferies double-downgrades stock to ‘HOLD’
Global brokerage Jefferies has downgraded the stock to Hold from Buy and has reduced the target price to Rs 3,625 from Rs 5,475. The brokerage has also reduced FY24/25 EBITDA by 13 per cent. EBITDA stands for earnings before interest, taxes, depreciation, and amortisation. Read more
Share Market Today LIVE | Medanta, RBL Bank, other stocks hit 52-week highs
As many as seven 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) COROMANDEL 1,167.50 1,170.30 1,164.75 (03 Oct 2023) 1,170.30 (05 Oct 2023) MEDANTA 748.85 757.2 752.30 (04 Oct 2023) 757.20 (05 Oct 2023) PCBL 182 186.25 184.75 (04 Oct 2023) 1,594.90 (09 Jan 2018) RAMCOCEM 948.25 963.5 955.60 (04 Oct 2023) 13,500.00 (25 Apr 1996) RBLBANK 249.65 256.6 256.25 (03 Oct 2023) 716.55 (28 May 2019) SUNTV 633 634.35 628.15 (31 Aug 2023) 1,849.00 (08 Feb 2007) SUZLON 28.9 29.41 28.40 (04 Oct 2023) 2,300.00 (09 Jan 2008) Share Market Today LIVE | Marico shares slump as analysts stare at FMCG major's slowing volume growth
Marico shares suffer sharp losses on Thursday after the company flagged weakness in rural demand owing to reasons such as weak rainfall and sticky food inflation. The Marico stock fell by as much as Rs 24.1, or 4.2 per cent, within the first few minutes of trade to Rs 546.4 apiece on BSE. However, the management of Mumbai-based Marico—whose popular products include Parachute coconut oil—added that it hoped demand in the rural economy to improve in the second half of the current financial year. 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 19,340-19,385 levels and a strong buy zone at 19,225-19,300 levels on Thursday, October 5. For the Nifty Bank, he expects a strong buy zone at 43,600-43,850 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 4 paise to 83.20 against US dollar in early trade
Share Market Today LIVE | Nifty approaches 19,550, Sensex gains nearly 350 pts
Nifty 50
Nifty trades at 19,534, up 0.5 per cent in opening deals.
Source: NSESensex
Sensex gains nearly 350 points to trade at 65,568 in opening deals.
Source: BSE
Stock to Buy | HDFC Bank, PSU banks, Defence stocks, Navin Fluorine, New India Assurance Company among top stocks to track today
ZeeBiz takes you through the list of stocks that can see some action on Thursday.
Exide Industries: Exide on Wednesday said it was investing Rs. 340 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited, on a rights basis. There is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition, Exide said in a statement.
Nazara Tech: The Singapore subsidiary of NODWIN Gaming, one of South Asia’s leading gaming and esports media companies, a material subsidiary of Nazara Technologies Ltd, on Wednesday acquired a 100 per cent stake in game marketing agency PublishME for a sum of USD 2 million from its existing shareholders, Nazara Technologies Limited and Ozgur Ozalp.
HAL: Hindustan Aeronautical Limited handed over the first LCA Tejas twin-seater to the Indian Air Force on Wednesday.
RIL: Reliance Brands Limited, through its wholly-owned subsidiary in the UK (RBUK), on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC. The joint venture entity will acquire Superdry's intellectual property assets for the India, Sri Lanka, and Bangladesh territories, the company said in a statement on Wednesday. RBUK and Superdry will own 76 per cent and 24 per cent of the joint venture entity, respectively. The consideration for the IP is £40.0 million, which is estimated to result in Superdry PLC receiving gross cash proceeds of £30.4 million (approx. £28.3 million net of fees and taxes) from RBUK. Read more
Traders' Diary | Buy, sell or hold strategy on HCL Tech, SBI Card, Voltas, PNB, Marico, other 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 Thursday, October 5. Here's a list of 20 stocks that are 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 Suryoday Small Finance Bank shares in the cash segment for a price target of Rs 168 with a stop loss at Rs 158
- Buy Indian Energy Exchange (IEX) futures for a target of Rs 135 with a stop loss at Rs 127
- Buy the Rs 3,800 put option of Navin Fluorine at Rs 101 for a target of Rs 150 with a stop loss at Rs 75
- Technical pick: Buy TCS shares for a target of Rs 3,650 with a stop loss at Rs 3,515
- Fundamental pick: Buy Cochin Shipyard shares for a target of Rs 1,070 with a stop loss at Rs 1,030
- Cricket World Cup pick: Buy Bharat Forge shares for a one-year target of Rs 1,300. 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 19.8 points or 0.1 per cent at 19,498 ahead of the opening bell on Dalal Street.
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