Share Market HIGHLIGHTS: Sensex ends 165 pts higher led by IT, financial stocks; HDFC Bank, TCS gain 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex rose on Tuesday, March 12, amid gains in financial and IT shares. Dalal Street took largely positive cues from global markets, as investors awaited key inflation readings from India as well as the US for clues on the path of benchmark interest rates.
Here are some fo the stocks that made headlines:
- BAT's stake sale in ITC: This could provide ITC Hotels with autonomy, say analysts
- SpiceJet shares plunge after Chief Commercial Officer, several other commercial team members leave airline
- Most tyre stocks slip after companies reduce TBR prices
- Transformer maker's stock gets 'buy' call from Nuvama
- United Breweries rises after beverage firm launches Queenfisher Premium Lager
- Aditya Birla Capital jumps after board approves merger with Aditya Birla Finance
- Swan Energy shares slide below QIP price
- KFin Technologies slides amid block deal buzz
Catch all the highlights of the March 12 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 Nifty50 and Sensex rose on Tuesday, March 12, amid gains in financial and IT shares. Dalal Street took largely positive cues from global markets, as investors awaited key inflation readings from India as well as the US for clues on the path of benchmark interest rates.
Here are some fo the stocks that made headlines:
- BAT's stake sale in ITC: This could provide ITC Hotels with autonomy, say analysts
- SpiceJet shares plunge after Chief Commercial Officer, several other commercial team members leave airline
- Most tyre stocks slip after companies reduce TBR prices
- Transformer maker's stock gets 'buy' call from Nuvama
- United Breweries rises after beverage firm launches Queenfisher Premium Lager
- Aditya Birla Capital jumps after board approves merger with Aditya Birla Finance
- Swan Energy shares slide below QIP price
- KFin Technologies slides amid block deal buzz
Catch all the highlights of the March 12 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:
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Share Market Today: HDFC Bank, LTIMindtree, TCS, Maruti Suzuki, Infosys rise most among 13 Nifty gainers; Adani Enterprises, Grasim, Cipla top losers
Top Nifty gainers
| Stock | March 12 close | Change (%) |
| HDFCBANK | 1,460.75 | 2.31 |
| LTIM | 5,215.00 | 1.8 |
| TCS | 4,194.55 | 1.75 |
| MARUTI | 11,502.00 | 0.93 |
| INFY | 1,614.10 | 0.84 |
| EICHERMOT | 3,811.50 | 0.73 |
| RELIANCE | 2,953.50 | 0.69 |
| BHARTIARTL | 1,203.20 | 0.55 |
| BAJFINANCE | 6,449.00 | 0.24 |
| HDFCLIFE | 622.2 | 0.22 |
Top Nifty losers
| Stock | March 12 close | Change (%) |
| ADANIENT | 3,122.90 | -2.63 |
| GRASIM | 2,184.00 | -2.36 |
| CIPLA | 1,470.80 | -2.21 |
| ADANIPORTS | 1,298.80 | -2.12 |
| SBIN | 759 | -1.9 |
| ITC | 401.9 | -1.83 |
| JSWSTEEL | 816.5 | -1.6 |
| BAJAJ-AUTO | 8,523.15 | -1.57 |
| BRITANNIA | 4,861.40 | -1.54 |
| ONGC | 270.05 | -1.44 |
Share Market Today: Nifty IT, Nifty Financial Services rise among NSE's sectoral indices; Nifty Realty worst hit, down 3.7%
| Index | March 12 close | Change (%) |
| NIFTY IT | 37,224.25 | 0.64 |
| NIFTY FINANCIAL SERVICES | 20,897.50 | 0.17 |
| NIFTY PRIVATE BANK | 23,605.35 | 0.04 |
| NIFTY BANK | 47,282.40 | -0.1 |
| NIFTY AUTO | 20,931.85 | -0.33 |
| NIFTY OIL & GAS | 11,589.30 | -0.47 |
| NIFTY FMCG | 53,636.10 | -0.83 |
| NIFTY HEALTHCARE INDEX | 11,916.30 | -1.06 |
| NIFTY CONSUMER DURABLES | 32,178.00 | -1.11 |
| NIFTY PHARMA | 18,958.70 | -1.27 |
| NIFTY METAL | 8,108.40 | -1.73 |
| NIFTY MEDIA | 1,894.85 | -1.85 |
| NIFTY PSU BANK | 7,039.00 | -2.57 |
| NIFTY REALTY | 872.9 | -3.71 |
Share Market Today: Sensex ends 165 pts higher, Nifty almost unchanged at 22,336
Share Market Tips LIVE | Buy Siyaram Silk Mills, Tata Communications, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Siyaram Silk Mills shares for a target of Rs 500 with a stop loss at Rs 470. Besides, recommends buying Tata Communications futures for a target of Rs 2,020 with a stop loss at Rs 1,975.
Share Market Today LIVE | TCS shares hit all-time high
TCS shares gain as much as 2.61 per cent on BSE to hit an all-time high of Rs 4,229.3. surpassing an earlier peak of Rs 4,184.55, touched on February 9, 2024.
Share Market Today LIVE: Buy Rs 600 ICICI Pru call option, says Shilpa Rout
Shilpa Rout of Prabhudas Lilladher suggests buying the Rs 600 call option of ICICI Prudential Life Insurance Company for a target of Rs 26 with a stop loss at Rs 12.
Here's how the stock has broadly moved within the Rs 592-606 band so far today:
Image: BSEIndia.com
Share Market Today LIVE: Buy Rs 180 GAIL put option, says Sneha Seth
Sneha Seth of Angel One has a 'buy' recommendation on the Rs 180 put option of GAIL for a target of Rs 7.25 with a stop loss at Rs 3.9.
Share Market Today LIVE: Buy Nifty Bank 47,500 call at Rs 170, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers suggests buying the 47,500 call option of the Nifty Bank at Rs 170-odd levels for targets of Rs 300 and Rs 350 with a stop loss at Rs 80.
Share Market Today LIVE: Hold Jupiter Life Line Hospitals shares, says Nilesh Jain
Nilesh Jain of Centrum Broking has a 'hold' call on Jupiter Life Line Hospitals shares.
Jain has placed his targets for the scrip at Rs 1,350 and Rs 1,400 with a stop loss at Rs 1,160.
Share Market Today LIVE | Should you buy GAIL, Oil India, IGL, and other oil and gas stocks? Here's what Morgan Stanley suggests
Morgan Stanley expects gas market oversupply to reach multi-decade highs over the coming years. In a report, the global brokerage said that it will inflect demand, especially in India & Southeast Asia and save $10 billion in energy costs through 2030 with energy consumption rewiring back in favour of gas for the region.
Gas accelerates renewable adoption and also partly solves policymaker trilemma of supporting AI adoption and decarbonisation at affordable prices, the brokerage in its report read.
Here's what Morgan Stanley bets on the following stocks from oil & gas sector:
GAIL India share price target
Morgan Stanley has maintained an overweight call State-run natural gas major GAIL. The brokerage has raised the target to Rs 213 from Rs 195 on the PSU stock.
IGL share price target
The brokerage has upgraded the gas distribution company Indraprastha Gas (IGL) to overweight from equal-weight, with a rise in target price to Rs 522 from Rs 413. The revised target implies an upside of 23 per cent. Read more
Share Market Today LIVE | Nifty Bank trades flat in afternoon deals
Source: NSE
Share Market Today LIVE | Should you buy Zomato, GAIL, Apollo Hospitals, Max Healthcare, other stocks today? Here is what brokerages recommend
Brokerages have a dozen stocks on their radar. Here's what Jefferies, Morgan Stanley, HSBC, JPMorgan and Citi make of stocks such as Zomato, GAIL, Apollo Hospitals Enterprise and Max Healthcare:
AB Capital share price target: Jefferies has maintained a 'buy' call on the Aditya Birla Capital stock with a target of Rs 225.
Morgan Stanley has maintained an 'equal-weight' rating on AB Capital shares with a target of Rs 190.
Zomato share price target: HSBC has maintained a 'buy' call on the Zomato stock with a target of Rs 200.
GAIL share price target: Morgan Stanley has maintained an 'overweight' rating on the GAIL stock with a target of Rs 213.
IGL share price target: Morgan Stanley has an 'overweigh' rating on the Indraprastha Gas Ltd (IGL) stock with a target of Rs 522.
Petronet LNG share price target: Morgan Stanley has maintained an 'equal-weight' rating on the Petronet LNG stock with a target of Rs 239.
Gujarat Gas share price target: Morgan Stanley has maintained an 'overweight' rating on the Gujarat Gas Ltd stock with a target of Rs 629. Read more
Stocks to Buy | HAL, REC, Dr Reddy's, RVNL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vikas Sethi, Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi, Vishvesh Chauhan and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as Dr Reddy's Laboratories, Oracle Financial Services Software (OFSS), Rail Vikas Nigam Ltd (RVNL), REC, Aditya Birla Capital, Hindustan Aeronautics Ltd (HAL), CMS Info Systems and Imagicaaworld Entertainment. Read more
Share Market Today LIVE: Buy SML Isuzu shares, says Vishvesh Chauhan
Vishvesh Chauhan of Chase Alpha Investment Advisors suggests buying SML Isuzu shares for targets of Rs 2,200 and Rs 2,400 with a stop loss at Rs 1,800.
His targets imply an upside of as much as 21 per cent from the previous close.