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 Nifty 50 and Sensex ended a volatile session with mild gains on Monday, March 18. 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.coms 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: 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: Sensex ends 105 pts higher, Nifty tops 22,050 as auto, metal stocks shine
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: 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: 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 | 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
Share Market Today LIVE | HAL jumps over 2.70% after inking Rs 2,890 cr deal with defence ministry; know more details
Hindustan Aeronautics Limited (HAL) stock jumps over 2.7 per cent on BSE after the company signed a deal with defence ministry to upgrade 25 Dornier aircraft. The stock of the aeronautics company is trading higher by 0.98 per cent, or Rs 30.35, at Rs 3,129.20 on BSE.
HAL signs deal with defence ministry
As per HAL's deal with defence ministry signed on March 15, 2024, the aeronautics firm will do mid life upgrade (MLU) of 25 Domier Aircraft along with associated equipment for the Indian Navy at a cost of Rs.2,890 crore. Read more
Share Market Today LIVE | Rajesh Palviya positive on Line India as a positional pick
Rajesh Palviya of Axis Securities Line India shares as a positional pick.Palviya has placed his targets for the stock of Linde India, an industrial gases and engineering company, for targets of Rs 7,200 and Rs 7,300 from a perspective of 1-3 months.
Share Market Today LIVE | RailTel soars by nearly 8%; Ircon jumps over 3% after railway firms receive orders
Ircon International and RailTel Corporation of India are trading in positive territory on BSE after the companies signed different deals. While Ircon received an order for a road project worth Rs 630.6 crore from National Highways and Infrastructure Development Corporation Ltd., RailTel got work orders from the Bihar Educational Project Council and the Municipal Corporation of Greater Mumbai.
RailTel share price
The Railtel stock is off to a flying start on Monday as it soars by 7.78 per cent to the day's high of Rs 378 on Monday on BSE. Read more
Stocks to Buy | Zomato, ICICI Bank, RailTel, Ramco Cements among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Avinash Gorakssakar, Mehul Kothari and Kunal Saraogi share their top stock recommendations in this special segment, Pick of the Week. On the top analysts' 'buy' list are stocks such as ICICI Bank, TCS, RailTel and Ramco Cements. Read more
Share Market Today LIVE | SBI, L&T and Zomato among Jefferies' top 11 bets for next 5 years
Ahead of the Lok Sabha elections, global brokerage Jefferies, which holds a positive view on the Indian economy, has listed the top 11 stock ideas that it believes can reap between 15 and 35 per cent CAGR over the next five years. In its selected portfolio, the brokerage sees between two and three times the upside.
Further, the selected bets range from diverse sectors, including construction, real estate, health care, auto, and new-age stocks.
The brokerage is bullish on Amber Enterprises, which it says is the key beneficiary of India's manufacturing growth story. Another stock on the select list of Jefferies is Ambuja Cement. The brokerage maintains that strong demand from the capex upcycle will drive a 19 per cent EBITDA CAGR.
In the banking sector, Jefferies has cherry-picked SBI and Axis Bank. For the state-run lender, the brokerage anticipates 13 per cent loan growth driven by retail, SME, and corporate, together with return on assets (ROA) expansion beyond 1 per cent. For the private sector lender, the brokerage sees a 17 per cent loan/ 18 per cent EPS CAGR over FY24–29. Read more
Share Market Today LIVE | Zomato shares edge higher as UBS maintains 'buy'; check target price
Zomato shares, which have seen an unabated rise in the past 12 months, continue to get "buy" calls from leading brokerages as they see more steam left in the multi-bagger stock. The latest on the list is UBS.
The global brokerage has maintained its buy call on the food services major with a target of Rs 195, implying a potential upside of 22 per cent. Zomato share trade 0.44 per cent higher at Rs 160.75 on NSE. Read more
Share Market Today LIVE | What does UBS make of India's consumer sector? Brokerage sees 31% upside in Sapphire Foods
What does UBS make of the consumer sector in India? According to UBS, a global firm providing financial services, premiumisation, and indulgence are redefining India’s food and beverage consumption. Highlighting India Quick Service Restaurant (OSR) set for multi-decadal growth, the brokerage preferred Sapphire on valuation, sees an upside potential of over 30 per cent.
Here's what UBS makes of consumer sector in India; check the latest target price:
United Breweries share price target
UBS initiated coverage with a 'buy' on Bengaluru-headquartered United Breweries, a manufacturer of beer and non-alcoholic beverages, with a base target of Rs 2,000. According to the brokerage, the company's growth is to meet India's untapped beer demand. Read more
Image: Reuters/ Representational image Currency Update | Rupee edges up 2 paise to 82.84 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 support emerging at 21,850-21,925 and a strong buy zone at 21,725-21,825 levels for the headline Nifty50 index on Monday, March 18. For the Nifty Bank, he expects support to come in at 46,125-46,325 and a strong buy zone at 45,700-46,000 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Tata Power, Borosil Renewables: Solar panel companies in focus; here is why
Shares of Tata Power, Borosil Renewables, Sterling & Wilson Renewable Energy, and Websol Energy are expected to hog the limelight on Monday, March 18, as these companies, as per Zee Business report, are receiving bumper orders for the solar rooftops. In just 20 days, over a crore entities have shown interest in rooftop solar installation. Till now, over 3.5 lakh applications have already been processed. Read more
Share Market Today LIVE | Nifty slides below 22k, Sensex drops nearly 50 pts in opening deals
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | UBS sees 27% upside in Page Industries; what makes the brokerage bullish on stock?
Page Industries will be on investors' radar on Monday, March 18, as global brokerage UBS has initiated coverage on one of the leading manufacturers and retailers of innerwear, loungewear, and socks, and the exclusive licensee of Jockey International Inc. (USA) for the manufacture, distribution, and marketing of the Jockey brand in India, Sri Lanka, Bangladesh, Nepal, and the UAE with a 'buy' rating. The brokerage sees a 26.94 per cent upside in the company's share price at Rs 44,000 against the previous closing price of Rs 34,661. Read more
Stocks to Watch | HUDCO, REC, Coforge, BEL, Solar companies, other stocks
Here are some stocks that will be in focus on Monday, March 18:
Tata Power/ Waree Renewable and other solar companies to be in focus: The rooftop solar scheme is getting immense response. As per the Zee Business research team inputs, over 1 crore households have shown interest in the scheme in 20 days time.
HUDCO: The company in a board meeting on April 20, will consider raising funds through the issue of bonds/debentures, up to Rs 40,000 crore. The board will also consider an increase in the overall borrowing limit to Rs 1,50,000 crore from the existing limit of Rs 1,00,000 crore.
Premier Explosive: The company received approval for setting up a Defence Explosives, Raw Materials and Ammunition Plant, in three phases at Rayagada district with an investment of about Rs 864.00 crore.
BEL: The company declared a second interim dividend of Rs 0.70 for Rs 1 each fully paid up for the financial year 2023-24.
Juniper Hotels: The company will release its Q3 results on Monday. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 75.7 points or 0.34 per cent at 22.057.5 ahead of the opening bell on Dalal Street.
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