Share Market HIGHLIGHTS: Sensex jumps 431 pts to 69,296, Nifty50 at 20,855 as bulls take D-Street to fresh record closing highs
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex scaled fresh record closing highs on Tuesday, powered by gains in financial and energy stocks, while victories for the ruling party in state elections boosted momentum. Financial services-linked indices such as financials, banks, public sector banks and private banks gained between 0.9 per cent and 1.5 per cent for the day. Several brokerages picked financials and largecaps as their top preferences, anticipating a rally in domestic equities ahead of 2024 general elections.
Catch all the highlights of the December 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, on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex scaled fresh record closing highs on Tuesday, powered by gains in financial and energy stocks, while victories for the ruling party in state elections boosted momentum. Financial services-linked indices such as financials, banks, public sector banks and private banks gained between 0.9 per cent and 1.5 per cent for the day. Several brokerages picked financials and largecaps as their top preferences, anticipating a rally in domestic equities ahead of 2024 general elections.
Catch all the highlights of the December 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, on Zeebiz.com's blog:
Latest Updates
Closing Bell | Sensex jumps 431 pts to 69,296, Nifty50 at 20,855 as bulls take D-Street to fresh record closing highs
Here's how the benchmark indices moved during the course of the day:
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Nifty crosses 20,850 for the first time, scales fresh peak of 20,860.15
Share Market Today LIVE | M&M, Axis Bank, Power Grid, other stocks hit 52-week highs
As many as seven 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 | 1,130.75 | 1,151.50 | 1,128.85 (04 Dec 2023) | 2,042.95 (23 Jul 2014) |
| BHARTIARTL | 1,029.80 | 1,046.35 | 1,043.05 (04 Dec 2023) | 1,149.00 (10 Oct 2007) |
| ICICIBANK | 1,013.95 | 1,015.70 | 1,008.70 (24 Jul 2023) | 1,796.80 (03 Dec 2014) |
| M&M | 1,688.15 | 1,708.00 | 1,674.95 (04 Dec 2023) | 1,708.00 (05 Dec 2023) |
| NTPC | 285.2 | 286.2 | 279.10 (04 Dec 2023) | 291.00 (15 Jan 2008) |
| POWERGRID | 222.75 | 222.9 | 215.10 (13 Nov 2023) | 266.85 (31 Jul 2023) |
| ULTRACEMCO | 9,331.40 | 9,400.00 | 9,336.70 (04 Dec 2023) | 9,400.00 (05 Dec 2023) |
Share Market Tips LIVE | Buy MTAR Tech, Ion Exchnage shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying MTAR Tech shares for a target of Rs 2,400 with a stop loss at Rs 2,260. Besides, he recommends buying Ion Exchnage shares for a target of Rs 600 with a stop loss at Rs 560.
Share Market Tips LIVE | Buy MTAR Tech, Ion Exchnage shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying MTAR Tech shares for a target of Rs 2,400 with a stop loss at Rs 2,260. Besides, he recommends buying Ion Exchnage shares for a target of Rs 600 with a stop loss at Rs 560.
Share Market Tips LIVE | Buy MTAR Tech, Ion Exchnage shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying MTAR Tech shares for a target of Rs 2,400 with a stop loss at Rs 2,260. Besides, he recommends buying Ion Exchnage shares for a target of Rs 600 with a stop loss at Rs 560.
Share Market Today LIVE | Nifty IT trades nearly 300 pts lower
Source: NSE
Share Market Today LIVE | Nifty IT trades nearly 300 pts lower
Source: NSE
Share Market Today LIVE | M&M Financial shares slip 2% post-monthly business update—here's what brokerages suggest
Mahindra & Mahindra Financial Services shares on Tuesday, December 5, declines nearly three per cent to touch the day's low of Rs 269.8 on the BSE, a day after the NBFC posted its monthly business update post-market hours on Monday. The stock trades 2.41 per cent lower at Rs 271 on BSE.
M&M Financial share price target: Here's what brokerages suggest
BoFA Securities has retained a neutral stance on M&M Financial Services with a target of Rs 327. The global brokerage remains a firm believer in the company’s transformation journey; however, it sees scope for near-term disappointment on the NIM contraction and elevated opex, with 2.5 per cent return on assets (ROA) target visibility rising only in FY25. Read more
Share Market Today LIVE | As Nifty50 roars to all-time high, 10 stocks analysts recommend buying for long term
Dalal Street is clocking new highs every day and many investors, especially those who have missed the bus, are constantly looking for stock ideas for their portfolios. Here are 10 stocks that analysts are betting on from a long term perspective at the current juncture.
Polycab India
BOB Capital Markets has a 'buy' call on wire and cable manufacturer Polycab India with a target of Rs 6,100. The company continues to have strong growth prospects, and its new brand identity is aimed at driving demand and spurring FMEG business.
Manappuram Finance
ICICI Direct has a 'buy' call on gold financier Manappuram Finance with a target of Rs 200. The brokerage is positive on the NBFC's ulaltered focus on business growth with its diversification strategy gradually taking shape. Manappuram's core strength still prevails in small ticket loans, according to ICICI Direct.
UltraTech Cement
Axis Securities has a 'buy' rating on UltraTech Cement with a target of Rs 10,850, citing the cement maker's strong long-term growth prospects owing to better demand, improved realisations, increasing market share and cost optimisation initiatives. Read more
Share Market Today LIVE | Nifty Bank trades nearly 400 pts higher
Source: NSE
Share Market Today LIVE | Brigade Enterprises rises for sixth day in a row, longest winning streak in seven weeks; here is what is driving the realty stock
Real estate developer Brigade Enterprises' shares jump on Tuesday, continuing to rise for the sixth session in a row in the longest winning streak since October 13, after the Bengaluru-headquartered company signed a joint development agreement to develop a luxury residential project with a gross development value of Rs 300 crore. The stock of Brigade Enterprises, which has a strong project pipeline, jumps by as much as Rs 47, or 5.6 per cent, to Rs 891.7 apiece on BSE.
The project, spread over four acres of land in Kurubarahalli, Mysore, next to the JW Golf Club Mysuru, will have a developable area of about 0.40 million square feet, the developer said in a regulatory filing post-market hours on Monday. Read more
Share Market Today LIVE | Zomato trades lower even as HSBC assigns 'buy' rating
Shares of Zomato, the only new-age tech company that is topping the space in terms of gains over the issue price, have run up splendidly on a year-to-date (YTD) basis. The stock's YTD return is at 97.22 per cent, while in one year, the stock has climbed 78.76 per cent. Shares of the company in trade on Tuesday are trading with a marginal cut at Rs 117.1, down 0.17 per cent. Global brokerage HSBC has maintained its buy on the food services aggregator and set a target of Rs 140. This is a significant upside of 20 per cent from the last closing price of Rs 117.4. Read more
Share Market Today LIVE | HCL Tech slips after it sells 49% stake in its UK subsidiary
HCL Tech shares start the trading session on Tuesday (November 5, 2023) on a lower note after the tech firm announced it would sell a 49 per cent stake in its UK subsidiary. The shares trade down by 1.45 per cent, or Rs 19.4, at Rs 1,318.55 each on BSE. In an announcement post market hours on Monday, HCL Tech said that it would sell its 49 per cent stake for USD 170 million, or Rs 1411 crore. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees strong support for the headline Nifty50 index emerging at 20,500-20,600 levels and a "blue-sky zone" above 20,725 on Tuesday, December 5. For the Nifty Bank, he expects a blue-sky zone above 46,550.
Read more on how Anil Singhvi views the Indian share market today and what he recommends