Share Market HIGHLIGHTS: Sensex ends 105 pts higher, Nifty above 22,050 as auto, metal stocks shine; Infosys falls 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex eked out mild gains at the end of a volatile day on Dalal Street on Monday, March 18. Globally, investors remained on the back foot ahead of key central bank policy decisions due this week.
Catch all the highlights of the March 18 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 eked out mild gains at the end of a volatile day on Dalal Street on Monday, March 18. Globally, investors remained on the back foot ahead of key central bank policy decisions due this week.
Catch all the highlights of the March 18 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: Broader indices Nifty Midcap 100, Nifty Smallcap 100 take a hit
| Stock | March 18 close | Change (%) |
| NIFTY 500 | 19,843.10 | 0.09 |
| NIFTY MIDCAP 100 | 46,501.65 | -0.39 |
| NIFTY SMALLCAP 100 | 14,762.15 | -0.57 |
The Nifty 500, NSE's broadest index, however, ekes out a gain of 0.1 per cent.
Share Market Today: Nifty Metal shines among NSE's sectoral indices; Nifty IT top loser, down 1.6%
| Stock | March 18 close | Change (%) |
| NIFTY METAL | 7,996.90 | 2.49 |
| NIFTY AUTO | 20,446.60 | 1.26 |
| NIFTY MEDIA | 1,843.50 | 1.15 |
| NIFTY HEALTHCARE INDEX | 11,787.00 | 0.69 |
| NIFTY PHARMA | 18,814.35 | 0.51 |
| NIFTY REALTY | 834.05 | 0.47 |
| NIFTY OIL & GAS | 11,103.15 | 0.4 |
| NIFTY PSU BANK | 6,782.55 | 0.32 |
| NIFTY BANK | 46,575.90 | -0.04 |
| NIFTY FINANCIAL SERVICES | 20,626.65 | -0.09 |
| NIFTY PRIVATE BANK | 23,292.80 | -0.13 |
| NIFTY FINANCIAL SERVICES 25/50 | 22,242.70 | -0.15 |
| NIFTY CONSUMER DURABLES | 31,471.85 | -0.3 |
| NIFTY FMCG | 53,907.85 | -0.46 |
| NIFTY IT | 36,886.05 | -1.64 |
Share Market Today: Sensex ends 105 pts higher, Nifty tops 22,050 as auto, metal stocks shine
Share Market Today: Tata Steel, M&M, Tata Motors among top five Nifty50 gainers
Top Nifty gainers
| Stock | March 18 close | Change (%) |
| TATASTEEL | 148.8 | 5.01 |
| M&M | 1,859.00 | 3.31 |
| JSWSTEEL | 802.55 | 2.81 |
| TATAMOTORS | 972 | 2.76 |
| APOLLOHOSP | 6,140.60 | 2.63 |
| BAJAJ-AUTO | 8,529.00 | 2.14 |
| AXISBANK | 1,064.75 | 1.75 |
| COALINDIA | 422 | 1.63 |
| SUNPHARMA | 1,569.35 | 1.37 |
| MARUTI | 11,630.00 | 1.34 |
On the other hand, UPL, Infosys and Tata Consumer are the worst hit among the 29 Nifty losers.
Top Nifty losers
| Stock | March 18 close | Change (%) |
| HEROMOTOCO | 4,541.65 | -0.95 |
| EICHERMOT | 3,705.00 | -1.09 |
| HINDUNILVR | 2,299.80 | -1.2 |
| WIPRO | 510 | -1.35 |
| ADANIPORTS | 1,265.45 | -1.37 |
| TITAN | 3,579.00 | -1.49 |
| TCS | 4,144.25 | -1.78 |
| TATACONSUM | 1,188.50 | -1.95 |
| INFY | 1,601.80 | -1.97 |
| UPL | 465.65 | -2 |
Share Market Today LIVE: Buy Arvind Ltd shares, says Sumeet Bagadia
Sumeet Bagadia is positive on Arvind Ltd shares.
He suggests buying the stock for targets of Rs 280 and Rs 286 with a stop loss at Rs 261.
Share Market Today LIVE: PNB must sustain Rs 120 level decisively for any upmove, says Sandeep Wagle
PNB is holding on firmly to the green, up 2.0 per cent for the day at Rs 120.1 apiece on NSE. However, Sandeep Wagle of Sandeep Wagle Advisory is not impressed.
He is of the view that one can only expect a significant move to Rs 130-odd levels in the PSU bank counter once it closes above key resistance currently placed at Rs 120 to sustains moves around 122-123 levels.
Share Market Today LIVE: Buy IKIO Lighting shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart is bullish on IKIO Lighting shares, currently trading at Rs 296-297 levels.
He suggests buying the stock for a target of Rs 315 with a stop loss at Rs 280.
The recent correction in midcap and smallcap stocks has brought IKIO Lighting to attractive valuations, Sethi adds.
The stock has declined 1.5 per cent in the past 30 days.
Image: BSEIndia.com
Share Market Today LIVE: Nifty Metal top gainer among NSE's sectoral indices; Nifty IT worst hit amid weakness in Coforge, Infosys
| Index | Current level | Change (%) |
| NIFTY METAL | 7,926.30 | 1.58 |
| NIFTY MEDIA | 1,843.00 | 1.12 |
| NIFTY AUTO | 20,332.20 | 0.69 |
| NIFTY HEALTHCARE INDEX | 11,756.90 | 0.44 |
| NIFTY PHARMA | 18,790.35 | 0.38 |
| NIFTY OIL & GAS | 11,086.05 | 0.25 |
| NIFTY PSU BANK | 6,764.95 | 0.06 |
| NIFTY BANK | 46,595.40 | 0 |
| NIFTY FINANCIAL SERVICES | 20,644.50 | 0 |
| NIFTY REALTY | 830 | -0.02 |
| NIFTY PRIVATE BANK | 23,311.65 | -0.05 |
| NIFTY FMCG | 53,972.15 | -0.34 |
| NIFTY CONSUMER DURABLES | 31,440.60 | -0.4 |
| NIFTY IT | 37,179.75 | -0.86 |
Share Market Today LIVE: Hold Zomato stock, says Astha Jain
Astha Jain of Hem Securities suggests holding on to Zomato around the current levels of around Rs 160.
She has placed her target for the stock at Rs 175 with a stop loss at Rs 138.
Share Market Today LIVE: Hold Bharat Dynamics shares, says Astha Jain
Astha Jain of Hem Securities believes it is important for Bharat Dynamics shares (CMP at Rs 1,679 per share) to cross a key hurdle at Rs 1,830 for sustainable upmoves. One needs to hold the stock from a perspective of at least 1-2 weeks.
Jain has placed her target for BDL shares at Rs 1,900 and stop loss at Rs 1,500.
Share Market Today LIVE: Buy ICICI Bank, Tata Power futures, says Bhavin Shah
Independent market expert Bhavin Shah shares two recommendations with Zee Business viewers:
- Buy Tata Power futures for a target of Rs 415 with a stop loss at Rs 389
- Buy ICICI Bank futures for a target of Rs 1,160 with a stop loss at Rs 1,050
Share Market Today LIVE | Torrent Power bags 300 MW grid-connected wind solar hybrid project; stock jumps
Shares of Torrent Power jump nearly 7 per cent higher on the BSE after the company bagged an order to set up a 300 MW grid-connected wind solar hybrid project. On Friday, March 16, after market hours, the company said that it had received a letter of award (LoA) for setting up 300 MW (RE Power) GridConnected Wind Solar Hybrid Projects.
"The company has received Letter of Award from Torrent Power Limited-Distribution Unit for setting up of 300 MW (RE Power) GridConnected Wind Solar Hybrid Projects," the filing read. Read more
Share Market Today LIVE | How brokerages view Bharti Airtel, SBI, Varun Beverages, Page Industries, UBL, several other stocks today
Brokerages have a bunch of stocks on their watchlists. Here's what Morgan Stanley, UBS, Nomura, Jefferies, and Morgan Stanley make of stocks such as Page Industries, United Breweries, Bajaj Finance, ICICI Bank, Zomato, Bharti Airtel, Macrotech, and Max Healthcare:
Bajaj Finance target price
Morgan Stanley has kept its 'overweight' rating on Bajaj Finance but reduced its target for the stock to Rs 9,250 from Rs 9,600.
ICICI Bank target price
Nomura has maintained a 'buy' rating on ICICI Bank with a target of Rs 1,225 per share.
Zomato target price
UBS has retained a 'buy' call on Zomato with a target of Rs 195 per share.
SBI target price
Morgan Stanley has continued with its 'equal-weight' rating on SBI and raised its target price for the PSU bank stock to Rs 750 from Rs 670. Read more
Share Market Today LIVE | Paytm stock hits upper circuit; here's the latest trigger
One 97 Communications Ltd, the parent company of Paym, hit an upper circuit after domestic brokerage firm YES Securities upgraded the company to 'buy' for the first time since it has started covering the stock. The Paytm stock hits an upper circuit of Rs 389.40, a 4.99 per cent rise of Rs 18.50 on BSE.
What does Yes Securities says about Paytm?
YES Securities said that Paytm's dependence on the Wallet business for revenue had already declined materially to only about one-sixth of payments revenue. The brokerage said that the wallet business had declined to Rs 1,000 crore out of Rs 6,000 crore revenue. Read more