Share Market HIGHLIGHTS: Sensex ends 567 pts higher, Nifty settles 10 pts shy of 19,700; financial stocks drive gains on D- Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Tuesday, October 10, edged higher, in line with global stocks on easing US rate hike worries, while investors kept tabs on the military conflict in the Middle East. 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 on Tuesday, October 10, edged higher, in line with global stocks on easing US rate hike worries, while investors kept tabs on the military conflict in the Middle East.
At close, the S&P BSE Sensex was up 566.97 points, or 0.87 per cent, at 66,079.36, and the NSE Nifty was up 177.5 points, or 0.91 per cent, at 19,689.65. Nifty Mid Cap 100 and Small Cap 100 settled in positive. On the sectoral front, Nifty Bank was up 1.08 per cent at 44,360.15.
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 567 pts higher, Nifty settles 10 pts shy of 19,700
Nifty 50
Nifty settles 10 points shy of 19,700, up 0.91 per cent.
Source: NSESensex
Sensex ends 567 points higher at 66,079.
Source: BSE
Share Market HIGHLIGHTS | Coal India, Adani Ports, Bharti Airtel emerge rise most in 50-scrip blue-chip basket
Coal India, Adani Ports, Bharti Airtel and Kotak Bank are among the top gainers in the Nifty basket, trading with gains of around 5-2 per cent. On the other hand, IndusInd Bank, Cipla, TCS and Dr Reddy are among the top losers, down up to nearly 1 per cent.
Source: NSE
Share Market Today LIVE | Sensex gains over 550 points, up 0.88%
Source: NSE
Share Market Today LIVE | DLF, Bharti Airtel, Zomato, other stocks hit 52-week highs
As many as 24 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) ANGELONE 2,078.35 2,109.50 2,067.50 (09 Oct 2023) 2,109.50 (10 Oct 2023) ASTRAZEN 4,788.85 4,800.00 4,753.00 (09 Oct 2023) 4,970.00 (08 Sep 2020) BHARTIARTL 949.9 953.6 948.00 (15 Sep 2023) 1,149.00 (10 Oct 2007) BSOFT 539.2 543.75 535.00 (04 Sep 2023) 740.00 (02 Jan 2007) CENTURYTEX 1,150.35 1,177.00 1,140.00 (05 Sep 2023) 11,400.00 (03 Feb 1994) COALINDIA 302.75 303.7 297.95 (03 Oct 2023) 447.25 (05 Aug 2015) CRISIL 4,061.85 4,143.05 4,070.20 (23 Aug 2023) 9,031.95 (27 Jul 2011) DLF 564 564.7 550.70 (06 Oct 2023) 1,225.00 (15 Jan 2008) ESCORTS 3,362.15 3,372.10 3,344.00 (30 Aug 2023) 3,372.10 (10 Oct 2023) GAEL 365.15 369 363.70 (28 Sep 2023) 393.85 (19 Apr 2022) GODFRYPHLP 2,322.65 2,331.00 2,250.00 (10 Aug 2023) 3,944.00 (27 Apr 2012) INFIBEAM 21.79 21.95 21.37 (09 Oct 2023) 1,504.00 (08 Aug 2017) IPCALAB 952.2 958.5 955.30 (09 Oct 2023) 2,767.10 (15 Sep 2021) ITI 223.7 234.7 225.70 (09 Oct 2023) 275.00 (11 Jan 1994) KALYANKJIL 262.05 267.9 261.95 (01 Sep 2023) 267.90 (10 Oct 2023) LTTS 4,804.85 4,825.00 4,797.95 (15 Sep 2023) 5,958.10 (04 Jan 2022) MHRIL 433.35 440 439.95 (09 Oct 2023) 657.90 (07 Jul 2017) OIL 320.2 322.55 318.25 (09 Oct 2023) 1,635.00 (15 Sep 2010) PAYTM 940.3 944.55 939.00 (25 Aug 2023) 1,961.05 (18 Nov 2021) PCBL 198.85 204 201.50 (09 Oct 2023) 1,594.90 (09 Jan 2018) PRESTIGE 739.95 796 699.00 (09 Oct 2023) 796.00 (10 Oct 2023) SOBHA 765 772.2 750.00 (27 Sep 2023) 1,179.00 (20 Dec 2006) TVSMOTOR 1,540.20 1,558.35 1,546.20 (28 Sep 2023) 1,558.35 (10 Oct 2023) ZOMATO 105.95 107.9 107.65 (05 Oct 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | Buy Axis Bank shares, says Chandan Taparia
Chandan Taparia of Motilal Oswal Financial Services recommends buying Axis Bank shares for a price target of Rs 1050 with a stop loss at Rs 995.
Taparia's target implies an upside of 5.4 per cent from the previous close.
Share Market Today LIVE | Why Sandeep Jain is bullish on Menon Bearings
Sandeep Jain of Tradeswift Broking is positive on Menon Bearings citing strong growth potential and attractive valuations. He also says that some correction makes the stock an attractive 'buy' for targets to the tune of Rs 160-170.
Here are a few points about Menon Bearings highlighted by Jain:
- The stock is fundamentally strong and has given a good return
- It offers a good dividend yield
- The company enjoys strong margins with a robust customer base
- Its debt is negligible
- The company has registered CAGR of 31-32 per cent in in profit over the past three years
- It reported a decent set of results in the June quarter after posting a record profit in the previous three months
The stock has rewarded investors with a return of 56 per cent so far in 2023, sharply outperforming an 8.1 per cent gain in the benchmark Sensex index.
Image: BSEIndia.com
Share Market Today LIVE | Buy FACT shares, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets recommends buying Fertilizers and Chemicals Travancore (FACT) shares for a target of Rs 600 with a stop loss at Rs 510.
Gupta's target implies an upside to the tune of 17 per cent in the stock from its previous close.
Share Market Today LIVE | Buy Persistent Systems shares, says Jay A Thakkar
Jay A Thakkar of Sharekhan believes Persistent Systems shares are preparing for a breakout at Rs 5,790-odd levels.
He suggests buying Persistent Systems futures for price targets of Rs 5,900 and Rs 5,970 with a stop loss at Rs 5,620.
Share Market Today LIVE | Financial, oil & gas, auto stocks give Nifty50 a lift
ICICI Bank, Bharti Airtel, HDFC Bank, Infosys, Axis Bank, ITC and Coal India are among the biggest boosts for the 50-scrip gauge.
Image: Niftyindices.com
Share Market Today LIVE | ICICI Bank, Bharti Airtel, HDFC Bank among top contributors to gain in 30-scrip index
Here's a glance at the top movers and shakers in the Sensex basket:
Image: BSEIndia.com
Share Market Today LIVE | Tata Steel shares rise after Fitch upgrades steelmaker's rating with 'stable' outlook
Tata Steel shares edge higher on Tuesday after Fitch upgraded the steelmaker's issuer default rating (IDR) with a 'stable' outlook. The stock of the Tata group company trades at Rs 124.25, up 0.45 or 0.36 per cent. Read more
Share Market Today LIVE | Auto stocks jump after retail sales surge 20% in September; TVS Motor hits record high
Auto stocks gain on Tuesday, October 10, after the Federation of Automobile Dealers Associations (FADA), the apex national body of the automotive retail industry in India, said that automobile retail sales surged over 20 per cent in September. The Nifty Auto, which comprises stocks of companies that operate in the automotive sector, is up 0.78 percent. Read more
Currency Update | Rupee rises 4 paise to 83.24 against US dollar in early trade
The rupee rises 4 paise to 83.24 against the US dollar in early trade on Tuesday, helped by positive equity market trends even as concerns remained over the conflict in the Middle East.
Share Market Today LIVE | Mazagon Dock shares soar over 5% after shipbuilder firm signs deal with European client
Shares of Mazagon Dock are soaring higher by 5.42 per cent, or Rs 112.40, at Rs 2,186.10, as the shipbuilder company signed a deal with a European client for the construction of six firm multi-purpose hybrid power vessels. "This is to inform that MDL has signed Letter of Intent (LOD with a European client for the construction of 6 firms and 4 optional units of 7500 DWT multi-purpose hybrid power vessels. The prices for which would be firmed up at the time of signing of contract," Mazagon Dock said in a BSE filing on Monday. Read more
Traders' Diary | Buy, sell or hold strategy on SBI Card, ICICI Bank, Tata Steel, HAL, IDFC First Bank, 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 Tuesday, October 10. Here's a list of 20 stocks that are on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Phoenix Mills shares in the cash segment for a price target of Rs 1,850 with a stop loss at Rs 1,775
- Buy TVS Motor Company futures for a target of Rs 1,565 with a stop loss at Rs 1,500
- Buy the Rs 1,220 call option of Cholamandalam Investment and Finance at Rs 26 for a target of Rs 40 with a stop loss at Rs 15
- Technical pick: Buy Metropolis shares for a target of Rs 1,550 with a stop loss at Rs 1,490
- Fundamental pick: Buy Tata Consumer Products shares for a target of Rs 904 with a stop loss at Rs 870
- Cricket World Cup stock: Buy Escorts shares for a one-year target of Rs 3,800. Read more
Share Market Today LIVE | Nifty Bank edges higher, up nearly 250 pts
Source: NSE
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 19,465-19,525 levels and a strong buy zone at 19,340-19,435 levels on Tuesday, October 10. For the Nifty Bank, he expects support at 43,600-43,800 levels and a strong base at 43,350-43,500 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
TCS Q2 FY24 Preview | Details on BSNL deal, demand commentary for 2H and buyback announcement eyed
The earnings season (Q2FY24) is about to begin, and investors and other key stakeholders are surrounded with a deluge of predictions, conjectures, and analysis on how different stocks and sectors will fare in the July-September quarter. While some sectors may come out with flying colours, one industry that remains elusive of a full-fledged recovery is the crucial information technology (IT) services.
The growth of the IT services industry is expected to remain weak in 2QFY24, as macroeconomic uncertainty continues to weigh on discretionary spending. According to Motilal Oswal Financial Services, IT services companies are expected to report a median revenue growth of 1.5 per cent QoQ / 5.7 per cent YoY in 2QFY24. This growth rate is among the slowest observed over the last decade, despite a marginal impact from FX fluctuations, it notes. Read more
Share Market Today LIVE | Nifty near 19,600, Sensex up nearly 350 pts
Nifty 50
Nifty trades near 19,600, up 0.4 per cent in opening deals.
Source: NSESensex
Sensex trades nearly 350 points higher at 65,841.
Source: BSE
Pre-Opening Market Comment | Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
"In the realm of financial markets, amidst rising geopolitical tensions and shifting investor sentiment, opportunities and risks intertwine. While concerns loom over events like the Hamas attack on Israel and significant FIIs selling, the recent positive development with Federal Reserve Vice Chair Philip Jefferson's cautious approach sparks speculation. In this backdrop, trading strategies emerge for Nifty and Bank Nifty. The Nifty options data indicates a trading range of 19,300-19,800, with crucial resistance at 19,800. Meanwhile, technicals show a neutral/bearish outlook for Nifty and Bank Nifty. Bank Nifty teeters on the edge of breaking its rising trendline from June 2022, with key support at 43,600."
Stocks to Watch | Dr Reddy's, SCI, Tata Steel, CONCOR and oil-linked stocks among top stocks to track today
Oil stocks: Oil-linked stocks will continue to hog the limelight amid the ongoing tensions in the Middle East. In the previous session, upstream companies such as Oil India, and ONGC gained, OMCs, tyre, and paint stocks slipped.
Realty stocks: ANAROCK said in a report on Monday that it had found that the National Capital Region (NCR), the Mumbai Metropolitan Region (MM), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata saw the launch of about 31,180 luxury projects in the July-September period, which is 27 per cent of the total 1,16,220 real estate projects during this period. Amid such a report, stocks such as DLF, Macrotech Devs, Godrej Properties, and Oberoi Realty will be in focus during trading hours.
Hero MotoCorp: On a day when it was reported that the Delhi Police had registered an FIR against Hero MotoCorp chairman Pawan Munjal, BSE on Monday sought clarification from the automaker regarding the same news.
GM Breweries: GM Breweries will announce its quarterly results on Tuesday. Read more
Stocks to Watch | Dr Reddy's, SCI, Tata Steel, CONCOR and oil-linked stocks among top stocks to track today
Oil stocks: Oil-linked stocks will continue to hog the limelight amid the ongoing tensions in the Middle East. In the previous session, upstream companies such as Oil India, and ONGC gained, OMCs, tyre, and paint stocks slipped.
Realty stocks: ANAROCK said in a report on Monday that it had found that the National Capital Region (NCR), the Mumbai Metropolitan Region (MM), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata saw the launch of about 31,180 luxury projects in the July-September period, which is 27 per cent of the total 1,16,220 real estate projects during this period. Amid such a report, stocks such as DLF, Macrotech Devs, Godrej Properties, and Oberoi Realty will be in focus during trading hours.
Hero MotoCorp: On a day when it was reported that the Delhi Police had registered an FIR against Hero MotoCorp chairman Pawan Munjal, BSE on Monday sought clarification from the automaker regarding the same news.
GM Breweries: GM Breweries will announce its quarterly results on Tuesday. 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 93 points or 0.48 per cent at 19,615 ahead of the opening bell on Dalal Street.
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