Share Market HIGHLIGHTS: Sensex, Nifty drop 1% dragged by IT, FMCG, energy shares
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished about one per cent lower each amid a market-wide sell-off on Tuesday, amid mixed signals from global markets as investors awaited a key US inflation reading due this week for cues.
Catch all the highlights of the March 19 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 Nifty 50 and Sensex finished about one per cent lower each amid a market-wide sell-off on Tuesday, amid mixed signals from global markets as investors awaited a key US inflation reading due this week for cues.
Catch all the highlights of the March 19 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: Sensex tumbles 736 pts, Nifty gives up 21,850; all sectors in the red
Both headline indices finish the day around one per cent lower amid a broad-based sell-off on Dalal Street.
The Sensex sheds 736.4 points to end at 72,012.1 and the Nifty50 settles at 21,817.5, down 238.3 points from its previous close.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Nykaa has huge lead, edge; to actively defend its turf: Founder Falguni Nayar
Fashion and beauty retailer Nykaa hopes to actively defend its turf amid competition from Indian conglomerates and new players, as it stacks up strongly with a huge lead and advantage of brand play, customer base and business insights, founder and CEO Falguni Nayar has said.
Asian Paints, Berger Paints shares under pressure as Birla Opus price list indicates discounts to industry rates
Most paint stocks faced selling pressure on Tuesday after Aditya Birla group company Grasim released the price list of its newly launched paint brand Birla Opus. At noon, Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel and Indigo Paints traded between 0.1 per cent 2.4 per cent lower.
Analysts said the Birla Opus prices showed discounts to industry rates, leading to caution among investors in the paint segment.
HDFC Bank trades flat after senior management exit; Macquarie sees room for 44% potential upside
HDFC Bank traded flat in Tuesday's session (March 19) after the senior management personnel- Arvind Kapil, Group Head Retail Assets - Home Loans, HDFC Bank tendered his resignation, to pursue an alternative opportunity.
The release by the lender stated that we wish to inform you that Mr. Arvind Kapil, Group Head Retail Assets - Home Loans, HDFC BankLimited (“Bank”), who is an employee within the category of Senior Management of the Bank, has, on March 18, 2024, formally expressed his intention to resign, to pursue alternative opportunity, and the same has been accepted by the Bank.
H.G. Infra soars over 5% after its consortium gets 4 orders from Jodhpur Vidyut Vitran Nigam
H.G. Infra Engineering soared over five per cent in morning deals on BSE on Tuesday (March 19, 2024) after its consortium Stockwell Solar Services JV received four letters of awards (LOAs) worth Rs 1026 crore from Jodhpur Vidyut Vitran Nigam.
The stock that closed at Rs 893.45 on Monday began its journey at Rs 941.95 on Tuesday, which was a 5.43 per cent rise from the previous close.
Share Market Today Live: CLSA starts coverage on Tata Consumer Products
CLSA today starts coverage on Tata Consumer Products with an 'underperform' rating.
The brokerage gives a target of Rs 1288, which is only nine per cent upside from the current price.
CLSA says that the upside in the stock is limited from expensive valuations.
The stock is currently trading at 50X FY26CL EPS against the industry PE of 45X.
CLSA says that the long-term growth opportunity is already in price.
332.50% dividend in FY23: This gas PSU stock gets 'Buy' call - Check target price
Natural gas distribution company Gujarat Gas Limited has announced that its board of directors will meet on May 6 to consider dividends for the financial year 2023-24. The company will also consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended on March 31, 2024.
Aditya Birla Sunlife AMC, Aditya Birla Capital in green as promoters set to sell up to 11.50% stake
Aditya Birla Sunlife AMC and Aditya Birla Capital are trading in green after the sellers propose to sell up to 2,01,66,293 equity shares of the AMC company on Tuesday (March 19, 2024).
While Aditya Birla Sunlife AMC shares were up by 0.43 per cent, or Rs 0.75, at Rs 173.60 each, Aditya Birla Capital Ltd was trading higher by 0.58 per cent, or Rs 1.00, at Rs 173.58 at 9:47 am on Tuesday.
Precious metals trade in green; yellow metal above Rs 65,650; white metal above Rs 76,600
Domestic precious metal futures on Monday traded in the positive territory ahead of rate decisions from countries representing almost half the global economy, including the US, the UK, and Japan.
Last seen, MCX gold futures (Apr 5) were flat with a positive bias at Rs 65,668 per 10 grams at the last count, having traded between Rs 65,609 and Rs 65,687 earlier in the day. MCX Silver futures (May 5) were up Rs 118 or 0.16 per cent at Rs 76,615 per kg.
Share Market Today LIVE | Nifty Bank trades nearly 200 pts off day's high
Source: NSE
Share Market Today LIVE: Barring five stocks, all Sensex components in the red; Nestle India worst hit, down over 3%
Image: BSEIndia.com
Share Market Today LIVE: TCS, Reliance, L&T, Infosys, ITC weigh on indices
Take a look at the top contributors to the fall in both Sensex and Nifty50 at this hour:
Nifty50
Sensex
Images: Niftyindices.com, BSEIndia.com
Traders' Diary | Buy, sell or hold strategy on TCS, Asian Paints, Apollo Tyres, IOCL, HPCL, 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, March 19. 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 HG Infra Engineering shares in the cash segment for a target price of Rs 922 with a stop loss at Rs 881
- Sell Indian Oil Corporation (IOC) futures for a target of Rs 155 with a stop loss at Rs 165
- Buy the Rs 460 put option of Apollo Tyres at Rs 10 for a target of Rs 18 with a stop loss at Rs 6
- Technical pick: Sell Indian Hotels Company Ltd (IHCL) futures for a target price of Rs 540 with a stop loss at Rs 562
- Fundamental pick: Buy ICICI Lombard shares for a one-year target of Rs 2,000
- Investment idea: Buy Cummins India shares for a one-year target of Rs 3,200
- News-based pick: Buy RPP Infra Projects for a target of Rs 108 with a stop loss at Rs 102. Read more