Share Market HIGHLIGHTS: Sensex ends 456 pts lower, Nifty50 slides below 22,150 as Dalal Street extends losses to 3rd session in a row
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to fall for a third straight session on Tuesday, April 16, amid across-the-board selling wherein financial and IT stocks led the losses.
Catch all the highlights of the April 16 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 continued to fall for a third straight session on Tuesday, April 16, amid across-the-board selling wherein financial and IT stocks led the losses.
Catch all the highlights of the April 16 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:
Latest Updates
Share Market Today: Sensex ends 456 pts lower, Nifty50 gives up 22,150 as D-Street continues to fall for third straight session
IT, financial stocks lead losses on Dalal Street
Share Market Today LIVE: Sensex down over 500 pts, Nifty down 151 pts as market enters last 30 minutes of trade
Blue-chip indices Sensex and Nifty50, and banking sector barometer Nifty Bank are all down 0.7 per cent at this hour.
Here's a quick check on the main indices:
- Sensex: down 544.2 points at 72,855.6
- Nifty50: down 150.71 points at 22,121.8
- Nifty Bank: down 349.1 points at 47,424.2
Share Market Today LIVE: Buy Hindalco futures, says Sandeep Wagle
Sandeep Wagle of Sandeep Wagle Advisory recommends buying Hindaico Industries futures for targets of Rs 660 and Rs 670 with a stop loss at Rs 613.
Wagle's target suggests an upside of as much as 9.4 per cent in the stock from its previous close.
Share Market Today LIVE: Buy CG Power and Industrial Solutions shares, target Rs 540, says Vikas Sethi
Vikas Sethi of Sethi Finmart has a 'buy' call on CG Power shares.
He has placed his target for the stock at Rs 540 with a stop loss at Rs 495.
Share Market Today LIVE | Jefferies sees 34% upside in Bharti Hexacom; stock gains over 8% in trade
Newly listed Bharti Hexacom shares on Tuesday (April 16) edged over 8 per cent higher and touched the day's high at Rs 876.75 apiece on NSE. The stock soared after global brokerage Jefferies initiated a 'buy' with a target price of Rs 1,080 apiece.
At around 10:46 a.m., shares of Bharti Hexacom traded 5.57 per cent, or Rs 44.9, higher on NSE at 851 apiece.
Share Market Today LIVE | Vodafone Idea slips over 4.50% a day after telecom firm announces FPO details
Vodafone Idea slid by over 4.50 per cent on BSE on Tuesday (April 16, 2024) a day after the telecom company announced that its FPO was set to be launched on April 18.
The stock that began the day at Rs 12.90 slipped to the day's low of Rs 12.56, a 4.56 per cent fall from its previous close of Rs 13.16.
Share Market Today LIVE | VST Industries jumps 3.42% after Radhakishan Damani bought 2.33 lakh shares in firm
VST Industries jumped over 3.40 per cent on BSE on Tuesday (April 16, 2024) after renowned investor Radhakishan Shivkishan Damani bought 2.33 lakh shares of the company in a bulk deal.
The stock of the company rose by 3.42 per cent to the day's high of Rs 3,816.00 after the previous close of Rs 3,689.90.
Share Market Today LIVE | HDFC Bank trades in green as Jefferies sees potential upside of 18% on NIM improvement
Ahead of its Q4 results to be released on April 20, 2024 (Saturday), HDFC Bank shares traded in the red even as global brokerage Jefferies iterated its buy stance on the private lender for a target of Rs 1800. This is a significant potential upside of 18 per cent from the previous close.
At around 10:02, shares of the private lender added 0.19 per cent or Rs 2.8 at Rs 1497.25 per share.
Share Market Today LIVE | Varun Beverages shares: Morgan Stanley initiates coverage with an 'overweight' call, sees 23% upside
Global brokerage firm Morgan Stanley initiated coverage on Varun Beverages (VBL), the leading bottler of beverage major PepsiCo with an overweight rating. The brokerage has set the target price at Rs 1,701, implying an upside potential of over 23 per cent from the previous close.
Over the next 3 years, the analysts at the brokerage expect Varun Beverages to deliver India business' revenue growth averaging 19 per cent annually with EBITDA margins steady at an average of 23.7 per cent, as per its report on the counter.
Share Market Today LIVE | Oil companies largely trade in green despite govt's windfall gains tax hike
The upstream oil companies including ONGC, Reliance Industries, Oil India are trading higher in Tuesday's trade (April 16) even as the centre hiked windfall gains tax on crude to Rs 9600 per metric ton from Rs 6800 with effect from today.
The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.
Share Market Today LIVE | Gujarat Gas and IOCL shares rise after both sign MoU; get details
Gujarat Gas rose 1.71 per cent on BSE on Tuesday (April 16, 2024) after the company signed an MoU with IOCL to broaden the scope and accessibility of energy solutions for consumers.
Here's how the stocks of Gujarat Gas and Indian Oil Corporation Ltd (IOCL) were trading on Tuesday.
Share Market Today LIVE | Precious metals edge higher amid geopolitical tensions in Middle East
Domestic precious metal futures on Tuesday (April 16) edged higher as geopolitical concerns accelerated.
Last seen, MCX gold futures (Jun 5) traded Rs 561, or 0.78 per cent, higher at Rs 72,838 per 10 grams at the last count. Meanwhile, MCX Silver futures (May 3) traded Rs 319, or 0.38 per cent higher, at Rs 84,170 per kg.
Share Market Today LIVE | Vedanta shares in focus—here's what is keeping the investors keen
Anil Agarwal-led Vedanta shares remained in focus on Tuesday, April 16 after the Mining conglomerate secured an 11-year term loan of Rs 3,918 crore from Power Finance Corporation Ltd (PFC). The financial closure will enable Vedanta to expedite the completion of its power projects.
Shares of mining major Vedanta on Tuesday, April 16 traded in red, extending the declining trend for the second trading session amid weakness in D-Street.
Share Market Today LIVE | Should you buy HUL, Vodafone Idea, Varun Beverages, Bharti Hexacom, other stocks today?
Brokerages have several stocks on their radar. Here's what Jefferies, JPMorgan, Morgan Stanley, Citi, Nomura and Macquarie make of stocks such as Hindustan Unilever Ltd (HUL), Vodafone Idea, Varun Beverages and Bharti Hexacom:
Vodafone Idea Stock: Citi has a 'neutral rating on the Vodafone Idea (VI) stock with a target of Rs 13.15.
Varun Beverages Stock: Morgan Stanley has an 'overweight' rating on the Varun Beverages stock with a target of Rs 1,701.
Bharti Hexacom Stock: Jefferies has a 'buy' call on the Bharti Hexacom stock with a target of Rs 1,080.
HDFC AMC Stock: JPMorgan has an 'overweight' rating on the HDFC AMC stock with a target of Rs 4,450.
Hindustan Unilever Stock: Morgan Stanley has maintained an 'equal-weight' rating on the Hindustan Unilever Ltd (HUL) stock with a target of Rs 2,350.
Exide Industries Stock: Nomura has maintained a 'buy' call on the Exide Industries stock with a target of Rs 485.
IDFC First Bank Stock: Jefferies has maintaned a 'buy' call on the IDFC First Bank stock with a target of Rs 100. Read more