Share Market HIGHLIGHTS: Nifty50 holds 20,900 at the end of a volatile day; NTPC, Hero MotoCorp top blue-chip gainers, rise up to 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Sensex and Nifty finished a volatile session on Wednesday barely in the green, as gains in auto stocks were offset by losses in IT shares. Dalal Street took mixed signals from global markets as caution persisted among investors following a US reading that brought back concerns about inflation and supported bets of delayed cuts in benchmark interest rates ahead of the outcome of the Federal Reserve's policy review due this week.
Catch all the highlights of the December 13 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 only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Sensex and Nifty finished a volatile session on Wednesday barely in the green, as gains in auto stocks were offset by losses in IT shares. Dalal Street took mixed signals from global markets as caution persisted among investors following a US reading that brought back concerns about inflation and supported bets of delayed cuts in benchmark interest rates ahead of the outcome of the Federal Reserve's policy review due this week.
Catch all the highlights of the December 13 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 only on Zeebiz.com's blog:
Latest Updates
Share Market Update | Nifty50 holds 20,900 at the end of a volatile day; NTPC, Hero MotoCorp top blue-chip gainers, rise up to 4%
Both headline indices finish the day barely in the green at the end of yet another volatile session on Dalal Street. The Sensex calls it a day with a gain of 33.6 pts at 69,584.6 and the Nifty at 20,926.4, up 20 pts from its previous close.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Tips LIVE | Buy Ashoka Buildcon, Action Cons shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Ashoka Buildcon shares for a target of Rs 165 with a stop loss at Rs 142. Besides, he recommends buying Action Cons shares for a target of Rs 850 with a stop loss at Rs 795.
Share Market Today LIVE | Nifty IT trades over 550 pts lower
Source: NSE
Share Market Today LIVE | Nifty Bank trades flat
Source: NSE
Share Market Today LIVE | Wipro slips despite deal with globally renowned insurance firm RSA
Wipro's stock trade in red despite a deal with globally remowned UK insurance company, RSA. The shares of the IT giant shares trade 1.22 per cent lower at Rs 417.05 on NSE. As per the deal, the Bengaluru-headquartered Indian IT company will help accelerate RSA’s migration to the cloud and build a compliant, secure, and scalable IT infrastructure. The three-year engagement builds on Wipro and RSA’s existing relationship, which began in 2016, Wipro said in a NSE filing. Read more
Stocks to buy: Nippon AMC, Cyient, Schneider Electric among analysts' long-term investment ideas
As Dalal Street takes a breather after breaking a chain of records, analysts have identified a few investment ideas for the long term. Here is a list of 6 stocks on their 'buy' lists, including Nippon AMC, Cyient, IRM Energy and Schneider Electric Infra. Read more
Share Market Today LIVE | Axis Bank trades down amid buzz of block deal involving Bain Capital
Axis Bank shares trade lower note amid the buzz of a block deal worth Rs 3,700 crore with Bain Capital. The Axis Bank shares trade 1.02 per cent lower at Rs 1,119.6.
What is Axis Bank block deal?
- The Axis Bank block deal is estimated to be Rs 3,700 crore.
- Bain Capital entities will sell their 1.1 per cent stake in the bank (3.34 crore shares). Read more
Traders' Diary | Buy, sell or hold strategy on Bharti Airtel, HDFC Life, Pidilite, Indigo, over 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 Wednesday, December 13. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Redington shares in the cash segment for a price target of Rs 181 with a stop loss at Rs 172.
- Sell Laurus Labs futures for a target of Rs 383 with a stop loss at Rs 394.
- Buy the Rs 2,600 call option of Pidilite Industries for a target of Rs 82 with a stop loss at Rs 68.
- Technical pick: Buy Moil shares for a target of Rs 350 with a perspective of one month.
- Fundamental pick: Buy GMDC shares for a target of Rs 460 with a perspective of three months.
- Investment idea: Buy JSW Steel shares for a target of Rs 980 with a perspective of nine to twelve months. Read more
Share Market Today LIVE | Karur Vysya Bank jumps to a 52-week high after SBI Mutual Fund buys 1.5% stake
Karur Vysya Bank shares rise as much as 3.3 per cent to hit a 52-week high of Rs 170.35 on BSE after SBI Mutual Fund bought a 1.5 per stake for Rs 194.4 crore in the bank. Read more
Share Market Today LIVE | Nifty slips below 20,900, Sensex down over 50 pts; HDFC Life, ONGC, TCS top blue-chip losers, down 1%
Both headline indices decline as much as 0.1 per cent within the first few minutes of trade after a lacklustre start to the day. The Sensex dips as much as 102.6 points to 69,448.4 and the Nifty slides to as low as 20,881.4, down 25 points from its previous close.
Currency Update | Rupee falls 1 paisa to 83.38 against US dollar in early trade
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the headline Nifty50 index emerging at 20,700-20,850 levels on Wednesday, December 13. For the Nifty Bank, he expects strong support at 46,850-47,000 levels and a strong buy zone at 46,650-46,800 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Wipro, Cummins, Force Motors, Allcargo Terminals, other stocks
Here are some stocks that will be in focus on Wednesday, December 13:
Cummins India:
The company on Tuesday launched DATUM (Data Automated Teller Ultimate Machine), an intelligent Fuel Management System, in collaboration with Repos Energy. Cummins will market and distribute the DATUM range of products through its vast distribution network in India.
Force Motors:
The company will acquire 12.21 per cent shares in TP Surya Limited, a subsidiary of Tata Power Renewable Energy. The cost of acquisition stands at Rs 2,68,74,210.
Wipro:
The company inked an agreement with RSA to help accelerate RSA’s migration to the cloud and build a compliant, secure, and scalable IT infrastructure.
Niraj Cement Structurals:
The company on Tuesday bagged an order for the upgradation of roads and drainage systems outside a custom-bound area at JN Port, Navi Mumbai. The order is valued at Rs. 210.98 crore, excluding Goods and Services Tax (GST). 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 62.75 points or 0.3 per cent at 21,072.5 ahead of the opening bell on Dalal Street.
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