Share Market HIGHLIGHTS: Nifty reclaims 19,800, Sensex up 92 pts as D-Street extends gains to 2nd day
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a second straight day on Wednesday, November 22. Catch all the highlights of the days market action, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, 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 Wednesday, November 22.
Tata Technologies launched an IPO worth an estimated Rs 3,042 crore—the salt-to-software conglomerate's first primary market offering in nearly two decades. READ MORE ON TATA TECH IPO HERE
Catch highlights of all the action on Dalal Street on November 22, 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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Closing Bell | Nifty reclaims 19,800, Sensex up 92 pts as D-Street extends gains to 2nd day
Both headline indices finishes a volatile session 0.1 per cent stronger amid buying interest in IT and FMCG shares though selling pressure in financial stocks plays spoilsport. The Sensex rises 92.5 pts for the day to end at 66,023.2, and the Nifty settles at 19,811.9, up 28.5 pts from its previous close.
The high-beta Nifty Bank index closes 218.6 pts, or 0.6 per cent, higher at 43,449.6.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Nifty tops 19,800, Sensex trades nearly 100 pts higher aided by IT stocks
Gandhar Oil Refinery IPO fully subscribed; check out allotment date, subscription status, listing date, and other details
Gandhar Oil Refinery's share sale has received bids for 8,10,59,880 shares against 2,12,43,940 shares on offer so far on Day 1. Overall, the public issue has been subscribed 3.82 times in the bidding process.
Gandhar Oil Refinery subscription status
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 1.02 Non-institutional investors 5.05 Retail investors 4.83 Overall 3.82 Source: Exchange data The Rs 500.69-crore IPO will conclude on November 24. The IPO comprises a fresh issue of equity shares worth Rs 302 crore and an Offer for Sale (OFS) of 1.17 crore by promoters and existing shareholders. Read more
Share Market Tips LIVE | Buy Yatharth Hospital shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Yatharth Hospital shares for a target of Rs 420 with a stop loss at Rs 390.
Share Market Today LIVE | Nifty trades below 19,750, Sensex down nearly 150 pts
Share Market Today LIVE | Cipla, Lupin, other stocks hit 52-week highs
As many as 29 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) ALKEM 4,510.65 4,571.75 4,500.00 (21 Nov 2023) 4,571.75 (22 Nov 2023) AUROPHARMA 1,051.40 1,058.20 1,030.00 (21 Nov 2023) 1,650.00 (07 Jan 2000) BAJAJ-AUTO 5,738.00 5,738.00 5,704.85 (21 Nov 2023) 5,738.00 (22 Nov 2023) BHARTIARTL 968.85 978.3 976.00 (21 Nov 2023) 1,149.00 (10 Oct 2007) BOSCHLTD 20,837.85 21,210.00 20,920.65 (13 Oct 2023) 27,989.25 (20 Mar 2015) CENTURYTEX 1,234.10 1,255.00 1,249.00 (21 Nov 2023) 11,400.00 (03 Feb 1994) CESC 99.43 103 101.17 (21 Nov 2023) 1,188.95 (11 Jan 2018) CGPOWER 469 469 459.25 (08 Sep 2023) 3,000.00 (31 Mar 1992) CIPLA 1,268.65 1,283.00 1,277.55 (10 Aug 2023) 12,000.00 (24 Mar 1992) CREDITACC 1,665.30 1,759.75 1,746.50 (13 Nov 2023) 1,759.75 (22 Nov 2023) ECLERX 2,591.00 2,635.30 2,474.95 (17 Nov 2023) 2,970.00 (13 Jan 2022) EXIDEIND 282.35 287.55 286.55 (21 Nov 2023) 388.45 (07 Sep 2006) FORTIS 368.15 376 374.90 (15 Nov 2023) 376.00 (22 Nov 2023) GICRE 269.65 272 271.90 (21 Nov 2023) 895.00 (25 Oct 2017) GLAXO 1,695.85 1,725.00 1,686.35 (21 Nov 2023) 3,850.00 (31 Mar 2016) HEROMOTOCO 3,406.25 3,428.05 3,394.00 (21 Nov 2023) 4,200.00 (23 Aug 2017) IPCALAB 1,084.40 1,101.40 1,091.30 (17 Nov 2023) 2,767.10 (15 Sep 2021) JSL 513.1 541.75 541.45 (11 Sep 2023) 569.85 (15 Jan 2004) KNRCON 292.25 305.25 299.85 (21 Nov 2023) 819.90 (13 Oct 2016) KPRMILL 889.25 927.4 871.70 (21 Nov 2023) 2,349.60 (09 Sep 2021) LUPIN 1,216.90 1,239.90 1,238.15 (09 Nov 2023) 2,127.00 (06 Oct 2015) NIACL 175.4 177.6 166.30 (21 Nov 2023) 764.25 (30 May 2018) POWERINDIA 4,778.95 4,830.00 4,800.00 (23 Aug 2023) 4,830.00 (22 Nov 2023) SANOFI 7,878.30 7,995.00 7,869.85 (09 Nov 2023) 9,300.00 (10 Aug 2021) SUNPHARMA 1,206.85 1,214.90 1,205.00 (21 Nov 2023) 3,090.00 (29 Feb 2000) SUVENPHAR 609.5 623.45 615.00 (21 Nov 2023) 825.00 (18 Sep 2020) TITAN 3,423.75 3,429.20 3,400.00 (21 Nov 2023) 4,765.00 (14 Jun 2011) UNOMINDA 673.8 683.95 660.30 (17 Aug 2023) 1,648.00 (08 Sep 2016) VTL 415.6 422 417.60 (06 Sep 2023) 2,880.00 (21 Jan 2022) Stocks to Buy | SBI Life, Havells, SRF among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vishvesh Chauhan, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Sandeep Wagle and Sharad Avasthi share their top recommendations for the day in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as KPR Mill, Exide Industries, Havells India, SBI Life Insurance and SRF. Read more
Share Market Today LIVE | Goldman Sachs sees Cables & Wires sector benefiting from the infra push; stocks slip in red
Shares of most cable and wire companies, including the likes of Polycab India and KEI Industries, slip in red after trading mixed in morning trade. Goldman Sachs is optimistic about the sector in the backdrop of the nation’s infra push. Polycab India trades 0.26 per cent lower while KEI Industries shares trade with a cut of 3.87 per cent.
Goldman Sachs in its note on India Cables and Wires said players within the space have the potential to grow up to 2x GDP. The brokerage is of the view that incremental growth stems from sunrise industries such as electric vehicles. Domestic upcycle & exports share gain to sustain premium valuation. Read more
Share Market Today LIVE | Fedbank Financial Services IPO opens for subscription; check out allotment date, subscription status, other details
Fedbank Financial's share sale has received bids for 99,26,283 shares against 5,59,23,660 shares on offer, which means the issue is subscribed 18 per cent on the first day of the bidding process so far.
Category Subscription (No. of times the equity reserved) Qualified institutional buyers Nil Non-institutional investors 0.08 Retail investors 0.32 Overall 0.18 Source: Exchange data
The initial public offering (IPO) of Fedbank Financial Services opened for subscription on Wednesday, November 22, with a price band of Rs 133–Rs 140 per share and a lot size of 107 equity shares. The Fedbank Financial Services IPO will be open for subscription for three trading days and will conclude on November 24 at 5 p.m. Read more
Image source: Freepik/ Representational image Share Market Today LIVE | Nifty slides below 19,800, Sensex trades over 50 pts lower amid weakness in financial stocks
India is the third largest economy in terms of purchasing power: RBI Governor Shaktikanta Das
The RBI Governor also said the recent policy moves, to raise the repo rate and tighten liquidity conditions, were to counter consumer inflation. The central bank has already raised the repo rate—or the key interest rate at which it lends funds to commercial banks—by a total 250 basis points (bps) in six revisions between May 2022 and February 2023."India is the third largest economy in terms of purchasing power," the RBI Governor said. Read more
Volatile commodity prices, uncertainty in monetary policy is a deadly mix of challenges for policymakers, stakeholders says RBI Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das describes the combination of volatile commodity prices and monetary policy uncertainty as a "deadly mix of challenges" for policymakers and stakeholders.
The priority of the Monetary Policy Committee (MPC) is inflation over economic growth, and to drain out excess liquidity from the system, the RBI chief reiterated while speaking at an event jointly organised by industry bodies FICCI and IBA. Read more
Share Market Today LIVE | Tata Technologies IPO fully subscribed; Here is what Anil Singhvi recommends
On Thursday (Day 1), Tata Technologies' share sale received bids for 4,86,24,540 shares against 4,50,29,207 shares on offer. Overall, the public issue has been subscribed 1.8 times so far on of the bidding process.
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 1.98 Non-institutional investors 1.11 Retail investors 0.7 Overall 1.08 Source: Exchange data
Tata Technologies IPO reviews: Should you apply for the Tata Technologies IPO? Here's what market wizard Anil Singhvi suggests
Zee Business Managing Editor Anil Singhvi recommends applying for the Tata Technologies IPO for big listing gains and long-term. He listed out the following positives and negatives:
Positives:
- Strong and experienced promoters
- Deep relationship with clients across Globe
- Strong digital and technology skills
- Debt free company with strong cash flow
- Impressive financial track record
- Strong growth prospects
- Very attractive valuations
- Stock may double very soon. Read more
Share Market Today LIVE | Nifty tops 19,800, Sensex trades over 100 pts higher
Share Market Today LIVE | KPR Mill clocks fresh 52-week high; should you buy, sell or hold?
KPR Mill shares gain by as much as over eight per cent to clock a 52-week high of Rs 927.4 apiece, surpassing an earlier peak of Rs 871.7 touched on Novembeer 21, 2023. Vishvesh Chauhan of Chase Alpha Investment Advisors recommends buying KPR Mill shares for targets of Rs 875 and Rs 930 with a stop loss at Rs 830.
Dividend Stocks | Oil India, IPCA Labs, NELCO among 8 shares trade ex-date today
A total of eight stocks traded ex-dividend on Wednesday, November 22, according to the NSE website. The list includes Oil India, IPCA Labs, NELCO and other stocks.
Oil Indian dividend record date, Oil India ex date
Oil India has announced an interim dividend of Rs 3.5 per equity share with a face value of Rs 10. The record date is also November 22.
Global Education dividend
Global Education has announced an interim dividend of Rs 1.5 per equity share with a face value of Rs 5. Global Education; board has fixed the record date as November 22.
Pearl Global Industries dividend
Pearl Global Industries has announced an interim dividend of Rs 12.5 per equity share with a face value of Rs 10. The record date is also November 22. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index coming in at 19,700-19,750 levels and a strong buy zone at 19,625-19,675 levels on Wednesday, November 22. For the Nifty Bank, he expects support to emerge in the 43,500-43,585 range and a strong buy zone at 43,275-43,425 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty, Sensex open flat
Nifty 50
Nifty trades near 19,800, up 0.4 per cent in opening deals.
Source: NSESensex
Sensex trades 6 points higher at 65,937 in opening deals.
Source: BSE
Currency Update | Rupee falls 4 paise to 83.32 against US dollar in early trade
Stocks to Watch: LIC, Maruti Suzuki, Tata Motors, TCS, BPCL, Lupin, Wipro, IndiGo, other stocks
Zee Business has curated a list of stocks that can be in focus on Wednesday, November 22:
LIC: Insurance behemoth Life Insurance Corporation of India has increased its shareholding in public sector lender Bank of Baroda from 25,77,78,275 to 26,02,17,275 equity shares, crossing its shareholding of 5 per cent of the paid-up capital of the said company.
Tata Motors: Shares of Tata Motors will be in focus after the company announced the sale of commercial vehicles in Thailand.
Maruti Suzuki: The company's board will mull the allotment of 1,23,22,514 equity shares of the company to SMC on a preferential basis on November 24, as per its filing.
Lupin: Lupin shares will be in focus on Wednesday after the company received approval from the United States Food and Drug Administration (USFDA) for its Pitavastatin tablets. The product will be manufactured at Lupin’s Pithampur facility in India. 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 22.7 points or 0.11 per cent at 19,864 ahead of the opening bell on Dalal Street.
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