Share Market HIGHLIGHTS: Sensex ends 305 pts higher, Nifty reclaims 22,150 as IT, auto stocks intraday recovery on Dalal Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished a day full of see-saw moves in the green, led by buying in a bunch of largecap IT and auto stocks though selling pressure in select oil & gas and financial stocks limited the upside. Among index heavyweights, TCS, Tata Motors, Larsen & Toubro and Bharti Airtel contributed the most to the rise in the indices, but stocks such as SBI, Bajaj Finance, Axis Bank and Reliance played spoilsport.
Here's a list of some of the stocks that made headlines:
- Multibagger stock hits 10% upper circuit after securing orders from Indian Railways
- PSB valuations may still be reasonable after 162% jump in Nifty PSU Bank within two years
- UBS upgrades TCS to 'buy', eyes industry-leading growth in FY25
- Happiest Minds Tech announces new vertical organisation structure
- Distilleries major approves warrants conversion
- Castrol India spikes after management gives strong guidance in analyst meet
- Should you buy TCS, Paytm, Havells, Whirlpool stocks?
- Dixon Tech, Whirlpool of India shares under pressure after brokerage cuts targets
Catch all the market action in the February 27 session on Dalal, 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 Nifty50 and Sensex finished a day full of see-saw moves in the green, led by buying in a bunch of largecap IT and auto stocks though selling pressure in select oil & gas and financial stocks limited the upside. Among index heavyweights, TCS, Tata Motors, Larsen & Toubro and Bharti Airtel contributed the most to the rise in the indices, but stocks such as SBI, Bajaj Finance, Axis Bank and Reliance played spoilsport.
Here's a list of some of the stocks that made headlines:
- Multibagger stock hits 10% upper circuit after securing orders from Indian Railways
- PSB valuations may still be reasonable after 162% jump in Nifty PSU Bank within two years
- UBS upgrades TCS to 'buy', eyes industry-leading growth in FY25
- Happiest Minds Tech announces new vertical organisation structure
- Distilleries major approves warrants conversion
- Castrol India spikes after management gives strong guidance in analyst meet
- Should you buy TCS, Paytm, Havells, Whirlpool stocks?
- Dixon Tech, Whirlpool of India shares under pressure after brokerage cuts targets
Catch all the market action in the February 27 session on Dalal, 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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Share Market Today: Broader indices Nifty Midcap 100, Nifty Smallcap 100 decline up to 0.3%
| Stock | Feb 27 close | Change (%) |
| NIFTY 500 | 20,292.85 | 0.18 |
| NIFTY MIDCAP 50 | 13,931.95 | -0.33 |
| NIFTY MIDCAP 100 | 49,041.20 | -0.12 |
The Nifty 500, NSE's broadest index, however, ekes out a gain of 0.2 per cent.
Share Market Today: Nifty Realty, Nifty Consumer Durables, Nifty IT, Nifty Auto top gainers among NSE's sectoral indices
| Stock | Feb 27 close | Change (%) |
| NIFTY REALTY | 929.15 | 1.07 |
| NIFTY CONSUMER DURABLES | 32,089.00 | 0.92 |
| NIFTY IT | 37,870.25 | 0.72 |
| NIFTY AUTO | 20,788.55 | 0.71 |
| NIFTY HEALTHCARE INDEX | 12,137.30 | 0.67 |
| NIFTY PHARMA | 19,064.20 | 0.57 |
| NIFTY METAL | 8,000.55 | 0.36 |
| NIFTY PRIVATE BANK | 23,372.70 | 0.24 |
| NIFTY BANK | 46,588.05 | 0.02 |
| NIFTY FMCG | 54,306.45 | -0.02 |
| NIFTY FINANCIAL SERVICES | 20,552.90 | -0.32 |
| NIFTY PSU BANK | 7,001.40 | -0.56 |
| NIFTY MEDIA | 2,142.80 | -0.63 |
| NIFTY OIL & GAS | 11,684.15 | -0.73 |
Share Market Today: Tata Motors, TCS, Power Grid rise most among 28 Nifty gainers; Hero MotoCorp, Bajaj twins, SBI top losers
Top Nifty gainers
| Stock | Feb 27 close | Change (%) |
| TATAMOTORS | 962.55 | 2.73 |
| TCS | 4,100.50 | 2.49 |
| POWERGRID | 293 | 1.81 |
| INDUSINDBK | 1,492.00 | 1.74 |
| SUNPHARMA | 1,579.55 | 1.45 |
| CIPLA | 1,490.55 | 1.41 |
| EICHERMOT | 4,002.00 | 1.24 |
| JSWSTEEL | 818.5 | 1.21 |
| BHARTIARTL | 1,123.30 | 1.19 |
| TATASTEEL | 144.2 | 1.09 |
Top Nifty losers
| Stock | Feb 27 close | Change (%) |
| HEROMOTOCO | 4,420.10 | -1.69 |
| BAJFINANCE | 6,555.40 | -1.32 |
| SBIN | 749.5 | -1.24 |
| BAJAJFINSV | 1,595.00 | -1.2 |
| DIVISLAB | 3,540.00 | -1.04 |
| ADANIENT | 3,296.00 | -0.95 |
| UPL | 484.9 | -0.87 |
| BPCL | 623.15 | -0.64 |
| LTIM | 5,435.00 | -0.57 |
| NTPC | 336.05 | -0.46 |
Share Market Today: Sensex ends 305 pts higher, Nifty reclaims 22,150 led by IT, auto stocks; Tata Motors, TCS rise over 2.5%
The Sensex ends 305.1 points, or 0.4 per cent, higher at 73,095.2 and the Nifty settles at 22,198.4, up 76.3 points, or 0.3 per cent, from its previous close.
Nifty50
Sensex
Images: NSE, BSE websites
Share Market Today LIVE | This multi-bagger stock hits 10% upper circuit after securing orders from Indian Railways
Shares of Hind Rectifiers lock in a 10 per cent upper circuit at Rs 617.45 on the BSE after the power electronics and railway transportation equipment maker bagged over Rs 200 crore orders from the Indian Railways. On Monday, after market hours, Hind Rectifiers, through a regulatory filing, informed investors that the company had secured many supply orders from the Indian Railways. Read more
Share Market Today LIVE | Nifty Bank nearly 150 pts off day's high
Source: NSE
Share Market Today LIVE: Sensex rebounds 400 pts from day's low, Nifty approaches 22,200 as IT stocks aid intraday recovery on D-Street
The Sensex climbs to as high as 73,159.7, bouncing back almost 500 points from its intraday low, while the Nifty50 rebounds 132.6 points from its weakest level of the day to touch 22,218.3 on the upside.
Take a look at the top movers in the 50-scrip basket at this hour:
Image: Niftyindices.com
Pharma sector Q3FY24 Review | A mixed quarter, India business sees sharp recovery; what is next?
As the third quarter (Q3 FY24) earnings season comes to a close, the analysis of different companies' and sectors' performance is on everyone's radar. As regards pharmaceutical companies, analysts note that the companies in the sector have overall put up a mixed show for the October–December period.
As per Axis Securities, hospitals experienced a seasonally weak quarter, and going forward, brownfield expansion initiatives are anticipated to drive growth without significant dilution in return on capital employed (RoCE).
InCred Equities said in a report that India's business witnessed a sharp recovery and was up 11 per cent year-on-year (YoY) after a weak 1HFY24 performance. Read more
Share Market Today LIVE | Nifty, Sensex turn sluggish as financial stocks offset gains in IT shares
Traders' Diary: Buy, sell or hold strategy on Cipla, Voltas, Tata Communications, Crompton Greaves, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Tuesday, February 27. Check out the complete list of stocks 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 Birla Corporation shares in the cash segment for a target price of Rs 1,790 with a stop loss at Rs 1,725
- Sell Metropolis Healthcare futures for a target of Rs 1,640 with a stop loss at Rs 1,720
- Buy the Rs 1,470 call option of Cipla at Rs 10 for a target of Rs 18 with a stop loss at Rs 6
- Technical pick: Buy HDFC AMC shares for a target price of Rs 4,025 with a stop loss at Rs 3,890
- Fundamental pick: Buy Voltas shares for a target of Rs 1,250 with a perspective of 4 months
- Investment idea: Buy SBI Life Insurance shares for a one-year target of Rs 1,850. Read more
Stocks to Buy | Tata Consumer, Vedanta, LIC Housing Finance among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Avinash Gorakssakar, Ambareesh Baliga, Sumeet Bagadia and Sudeep Shah share their top stock recommendations for the day in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks such as Tata Consumer Products, LIC Housing Finance, Vedanta and Mangalore Refinery and Petrochemicals Ltd (MRPL). Read more
Share Market Today LIVE | UBS upgrades TCS to 'buy', says it can deliver industry-leading growth in FY25
Shares of Tata Consultancy Services trade 1.79 per cent higher at Rs 4,071.95 on BSE after UBS upgraded the stock to 'buy' as it believes the Tata group company can deliver industry-leading growth and margins among peers in FY25.
The global brokerage upgraded TCS' rating to 'buy' from 'neutral' and raised the target price to Rs 4,700 from Rs 4,050 apiece for 12 months.
UBS, in its report, noted various drivers for TCS:
1) Ramp-up of large deals such as BSNL, NEST, Aviva, and so on.
2) Revival in the BFSI segment. Read more
Share Market Today LIVE | Should you buy TCS, Paytm, Havells, Whirlpool, other stocks today? Here is what brokerages recommend
Here's what UBS, Morgan Stanley, Jefferies, Goldman Sachs, Macquarie and Nomura make of stocks such as Tata Consultancy Services (TCS), Paytm, Havells India, Whirlpool India and SBI Life Insuarance:
TCS share price target:
UBS has a 'buy' call on the Tata Consultancy Services (TCS) stock with a target of Rs 4,700.
Dixon share price target:
Jefferies has an 'underperform rating on the Dixon Technologies stock with a target of Rs 5,920.
Whirlpool share price target:
Jefferies has an underperform' rating on the Whirlpool India stock with a target of Rs 1,125.
Havells share price target:
Goldman Sachs has a 'buy' call on the Havells India stock with a target of Rs 1,660. Read more
Share Market Today LIVE: ICICI Bank, Reliance, HDFC Bank, Axis Bank, SBI pull Sensex lower
On the contrary, buying in stocks such as TCS, Bharti Airtel, L&T and ITC lend some support to the index, helping it avoid lower levels.
Image: BSEIndia.com