Share Market HIGHLIGHTS: Record closing highs on D-Street | Sensex zooms 1,384 pts to 68,865, Nifty50 soars to 20,687
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex, as well as the high-beta Nifty Bank index scaled fresh peaks on Monday, December 4, after the BJPs victory in three out of the four states whose results were declared the previous day. Catch all the highlights of the December 4 session on Dalal Street here.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex scaled record highs on Monday, December 4, as investors cheered the BJP's clear win in Madhya Pradesh, Chhattisgarh and Rajasthan among the four states whose election results were declared the previous day.
The high-beta Nifty Bank gauge also registered a record closing peak.
Catch all the highlights of the December 4 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more, only on Zeebiz.com's blog:
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Thank you! That's all today on Zeebiz.com's blog on the December 4 session on Dalal Street
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Closing Bell | D-Street at record closing highs: Sensex zooms 1,384 pts to 68,865, Nifty50 soars to 20,687
Both headline indices registered their highest ever closing levels backed by strong buying across sectors, with financial, oil & gas and FMCG stocks at the forefront of the rally after the BJP won three out of the four states in the election results declared on December 3.
Here's how the indices moved during the course of the day:
Nifty50
Share Market Today LIVE | Nifty Bank scales fresh peak of 46,403
Share Market Today LIVE | Market at record high: Adopt 'buy on dips' investment strategy, advise experts
The Indian market continued to rally on Monday, December 4, with the benchmark indices hitting fresh peaks after the ruling Bharatiya Janata Party (BJP) clinched a thumping victory in three of the five state elections.
The Nifty50 marked a new high of 20,602.5, up 1.65 per cent, while the Sensex also marked a new feat, hitting a fresh record high of 68,587.82, up 1.64 per cent over the previous close. Sectorally, amid broad-based buying, while the Oil & Gas and PSU Banking pack led the gains, healthcare, pharma, and media indices lagged in trade today. Read moreShare Market Tips LIVE | Buy GNA Axles, Zaggle Prepaid shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying GNA Axles shares for a target of Rs 450 with a stop loss at Rs 410. Besides, he recommends buying Zaggle Prepaid shares for a target of Rs 260 with a stop loss at Rs 235.
Share Market Today LIVE | Maruti Suzuki shares decline 1% as November production dips 3%
Maruti Suzuki India (MSIL) shares decline over 1 per cent to touch the intra-day low of Rs 10,423.75 apiece on BSE. The downward trend in the stock came after the company's production dipped 3 per cent in November.
Passenger Cars & Utility Vehicles manufacturer on Friday, December 1, posted its November production figures, which showed a 3 per cent dip in its total production to 1,47,763 units against 1,52,786 units in November 2022. Read more
Share Market Today LIVE | L&T, M&M, Axis Bank, other stocks hit 52-week highs
As many as nine stocks in the S&P BSE Sensex basket reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) AXISBANK 1,111.25 1,126.10 1,108.70 (01 Dec 2023) 2,042.95 (23 Jul 2014) BAJAJFINSV 1,692.30 1,714.00 1,688.00 (01 Dec 2023) 19,319.95 (19 Oct 2021) BHARTIARTL 1,031.05 1,043.05 1,022.10 (01 Dec 2023) 1,149.00 (10 Oct 2007) HCLTECH 1,340.00 1,350.00 1,348.45 (01 Dec 2023) 3,021.00 (21 Feb 2000) LT 3,316.00 3,347.25 3,198.40 (01 Dec 2023) 4,670.00 (01 Nov 2007) M&M 1,649.70 1,674.95 1,670.00 (18 Sep 2023) 1,674.95 (04 Dec 2023) NTPC 276.15 279.1 275.40 (01 Dec 2023) 291.00 (15 Jan 2008) TITAN 3,490.00 3,549.65 3,507.95 (01 Dec 2023) 4,765.00 (14 Jun 2011) ULTRACEMCO 9,265.65 9,301.25 9,152.00 (01 Dec 2023) 9,301.25 (04 Dec 2023) MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 20,619.7; Sensex at life-time high of 68,634.93
Share Market Today LIVE | Nifty Bank trades over 1,129 points higher
Source: NSE
Stocks to Buy | Tata Motors, GAIL, Tata Power among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Himanshu Gupta, Rakesh Bansal, Mehul Kothari and Sandeep Jain share their top stock recommendations in this special segment, Pick of the Week.
On the analysts' 'buy' list are stocks such as Tata Steel, Gail, Tata Power, Ceat, ICICI Bank and Mahindra Lifespace Developers. Read more
Share Market Today LIVE | HUL shares gain nearly 2% after key announcements at board meeting
Shares of Hindustan Unilever (HUL) trade 1.6 per cent higher at Rs 2604.15 post company's board meeting, which took place on December 1. In its board meeting, the FMCG major announced some of the major decisions:
1. The company announced that its beauty and personal care division will transition into dedicated beauty and well-being (B&W) and personal care businesses. The change will come into force on April 1, 2024. Read more
Share Market Today LIVE | PNB stock notches 52 week-high as Nifty PSU Bank rises over 3% post assembly election results
Punjab National Bank (PNB) shares hit a 52-week-high on BSE on Monday on a day when the Nifty PSU Bank index is soaring higher, reflecting the positive mood in the market post legislative assembly election results. PNB shares hit a 52-week high of Rs 84.60 on Monday. Read more
Share Market Today LIVE | Siemens shares trade flat after its parent company in Germany rises stake in Siemens Energy
Siemens Ltd started trade flat on Monday after the firm announced that its parent company, Siemens AG, Germany, will buy a 18 per cent stake (6.41 crore shares) of the company from Siemens Energy Holding BV. Siemens shares trade 0.08 per cent lower at Rs 3745.1 on NSE. Read more
Share Market Today LIVE | Is there more steam left in L&T shares? Here is what brokerages suggest
Construction and engineering conglomerate Larsen & Toubro (L&T) shares have surged nearly 49 per cent so far this calendar year, outperforming the domestic equity benchmark Nifty, which has gained over 11 per cent in the same period. The counter is currently trading near its 52-week high of Rs 3,197.95, clocked in the previous session.
L&T shares price target
Citi has maintained a buy stance on Larsen & Toubro. The global brokerage has raised the target to Rs 4,000 from Rs 3,550, translating an upside of nearly 29 per cent from the closing on Friday of Rs 3,109.2 on NSE. Citi says that the company remains its top pick given the continued strong capex growth in India and the stronger capex growth in the Middle East. Read more
Share Market Today LIVE | JP Morgan sees opportunity in Indian QSR industry; stocks gain up to 3%
QSR or quick service restaurants, in India have geared up at a rapid pace, and other than the domestic investor interest, there is a huge bet placed by institutional investors on this basket. For Restaurant Brands Asia and Barbeque Nation, the FII stake has increased in the September quarter end to 29.92 per cent and 18.06 per cent, respectively, while for Jubilant FoodWorks, it is maintained at 41.92 per cent.
In trade on Monday (December 4), shares of Devyani International gain 2.86 per cent to day's high of Rs 180.1, Sapphire Foods gains 3.25 per cent to Rs 1460.5, Jubilant FoodWorks gains around 2 per cent to Rs 576.05 and Restaurant Brands Asia climbs 1.75 per cent to Rs 116.2.
Global brokerage JP Morgan, however, sees QSR as an attractive investment opportunity. The brokerage estimates a healthy low to mid-teens revenue CAGR and 15-20 per cent EBITDA CAGR over FY23–26E for the listed QSR universe. "We see higher intensity for store roll-outs, scaling up omnichannel and digital capabilities, expanding value offerings, and reshaping cost structures," added the brokerage in its note on the QSR industry. 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 emerging at 20,200-20,275 levels and a strong buy zone at "blue sky" zone above 20,300 on Monday, December 4, as he expects a 350-point rise in the blue-chip index, after the Bharatiya Janata Party (BJP) won in three out of the four states the election results for which were declared on December 4.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 6 paise to 83.27 against US dollar in early trade
MARKET AT ALL-TIME HIGH | Nifty, Sensex trade near record high in opening deals
Nifty 50
Nifty trades over 250 points higher at 20,535.5 in opening deals.
Source: NSESensex
Sensex trades nearly 900 points higher in opening deals.
Source: BSE
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 20,602.5; Sensex hits fresh life-time high of 68,587.82
Share Market Today LIVE | Nifty set to open at new record highs for second session in a row
Nifty 50 is set to open at a fresh record high on Monday for second session in a row, aided by strong domestic macroeconomic data, elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing equity rally after the ruling Bharatiya Janata Party's (BJP) victory in key state elections.
Stocks to Watch | HUL, Bajaj Healthcare, Eicher Motors, other stocks
Here are some stocks that will be in focus on Monday, December 4:
Hindustan Unilever (HUL):
The board approved the proposal to acquire up to 27.73 per cent stake in Transition Sustainable Energy Services One Private Limited (SPV). Further, as per filing, HUL announced a strategic partnership with Brookfield to set up a solar energy park with 45 MW capacity in Rajasthan.
Eicher Motors:
As per the filing, the company sold a total of 80,251 units in November 2023 as against 70,766 units a year ago, up 13 per cent. Sales of two-wheeler models with engine capacity up to 350cc stood at 74,275 units and exceeding 350cc stood at 5,976 units. International sales of vehicles fell year to date by 25 per cent year-on-year (YoY) and stood at 48,690 (April 2023 to November 2023).
Auriopro Solution:
The company secured a new order worth more than Rs 30 crore from a large public sector bank in India. The order includes the supply, installation, implementation, customisation, and maintenance of iCashpro+, our Cash Management Solution at the bank’s site.
Bajaj Healthcare:
Rupesh Nikam, Chief Financial Officer (CFO) of the company resigned on December 1, 2023, due to personal reasons.
Surya Roshni:
The company through a regulatory filing announced that its CFO, Tarun Baldua resigned from the post and the company has accepted the resignation. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a gap-up start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 268 points or 1.32 per cent at 20,628 ahead of the opening bell on Dalal Street.
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