Share Market HIGHLIGHTS: Sensex crashes 1,062 pts, Nifty settles below 22,000; barring auto, all sectors in the red
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex crashed about 1.5 per cent on Thursday amid a sell-off across sectors barring auto stocks that worsened in the second half of the session.
Catch all the highlights of the May 9 session, 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 crashed about 1.5 per cent on Thursday amid a sell-off across sectors barring auto stocks that worsened in the second half of the session.
Catch all the highlights of the May 9 session, 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 1,062 pts lower at 72,404, Nifty crashes to 21,957.5; barring auto, all sectors in the red
- Nifty down 345 pts, or 1.6 per cent, at 21,957.5, closes below 22,000 mark for first time since Apr 18
- Sensex down 1,062.2 pots, or 1.5 per cent, at 72,404.2
Read more on the May 9 session
Share Market Today LIVE: Sensex down over 900 pts, Nifty at 22,013 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex down 903 pts at 72,562
- Nifty down 288 pts at 22,013
- Nifty down 415 pts at 47,605
Share Market Today LIVE | SBI Q4 Results: Standalone net profit grows 24% on-year; asset quality improves
The country’s leading state-run lender State Bank of India (SBI) released its March quarter results today beating analysts' estimates by a wide margin.
For the January-March period, the bank posted standalone net profit of Rs 20,698.35 crore as against Zee Business research estimates of Rs 14,590 crore.
Share Market Today LIVE | Tata Motors Q4 result preview: Adjusted PAT likely to rise 28%; Revenue to grow 13.1% YoY
Tata Motors, an auto giant whose popular cars include Nexon and Punch, is all set to announce its fourth-quarter results ended March 31, 2024, on Friday, May 10.
Zee Business analysts peg the company's consolidated adjusted net profit at Rs 6,900 crore against Rs 5,408 crore, implying a 28 per cent rise year-on-year (YoY).
Share Market Today LIVE | BSE 500 falls over 200 pts at 32,489; here are the top gainers & losers
The BSE 500, the broadest index on Dalal Street, is down by 212 points at 32,489. This decline is mainly led by Jupiter Wagons, SKF India, Oil India Ltd (OIL), Piramal Enterprises Ltd (PEL), and Manappuram Finance Ltd.
Here are the top gainers and losers in BSE's broadest basket of shares:
Share Market Today LIVE | Hero MotoCorp, Tata Motors, M&M top Nifty50 gainers; Axis Bank, Wipro, UltraTech Cement top losers
The Nifty50 index is down 149 points at 22,152 at this hour. Hero MotoCorp, Tata Motors, M&M, and HCL Tech are the worst hit among the 39 losers in the 50-scrip pack. Take a look at the top gainers and losers in the basket:
Nifty gainers
- HEROMOTOCO
- TATAMOTORS
- M&M
- HCLTECH
- BAJAJ-AUTO
- INFY
- SBILIFE
- MARUTI
- SBIN
- TITAN
- BHARTIARTL
Nifty loser
- AXISBANK
- WIPRO
- ULTRACEMCO
- APOLLOHOSP
- EICHERMOT
- KOTAKBANK
- NTPC
- HINDUNILVR
- TCS
- POWERGRID
- ADANIENT
- ADANIPORTS
- SHRIRAMFIN
- TECHM
- CIPLA
- GRASIM
- ICICIBANK
- ASIANPAINT
- TATASTEEL
- NESTLEIND
- HINDALCO
- HDFCBANK
- LTIM
- SUNPHARMA
- HDFCLIFE
- RELIANCE
- BAJFINANCE
- JSWSTEEL
- INDUSINDBK
- BAJAJFINSV
- BPCL
- TATACONSUM
- ONGC
- ITC
- COALINDIA
- DRREDDY
- BRITANNIA
- DIVISLAB
- L&T
Share Market Today LIVE: Sensex falls 431 pts to 73,034; Take a look at the top gainers and losers
M&M, Tata Motors, and HCL Tech are the top gainers. Meanwhile, Axis Bank, Kotak Bank, and UltraTech Cement performed negatively.
Here are the top gainers and losers in the 30-scrip basket at this hour:
Top Gainers:
- M&M
- TATAMOTORS
- HCLTECH
- INFY
- MARUTI
- SBIN
- TITAN
- WIPRO
Top Losers:
- AXISBANK
- KOTAKBANK
- ULTRACEMCO
- HINDUNILVR
- BHARTIARTL
- TCS
- POWERGRID
- NTPC
- TECHM
- NESTLEIND
- TATASTEEL
- ASIANPAINT
- HDFCBANK
- ICICIBANK
- SUNPHARMA
- RELIANCE
- INDUSINDBK
- BAJAJFINSV
- BAJFINANCE
- JSWSTEEL
- ITC
- L&T
Share Market Today LIVE | Zydus Lifesciences shares off day's low after drug maker wins USFDA approval for Dapsone Gel
Zydus Lifesciences shares are down 0.7 per cent at Rs 999.1 apiece on BSE at this hour, in some respite for investors after falling as much as 1.2 per cent to Rs 993.2 apiece earlier in the day.
The Ahmedabad-based pharma firm has received final approval from the US Food and Drug Administration (USFDA) to market Dapsone Gel (7.5 per cent), a product used in the treatment of acne, in the US.
The drug will be produced at Zydus Lifesciences' topical manufacturing facility in Ahmedabad's Changodar.
Dapsone Gel (7.5 per cent) has estimated annual sales of $35.8 million in the US market.
Nifty Today LIVE | L&T, RIL, HDFC Bank among top drags in 50-scrip basket
L&T, RIL, HDFC Bank and ICICI Bank are the top drags in Nifty50 baskets at this hour. On the contrary, M&M, Tata Motors, Infosys, and Hero MotoCorp are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Should you buy HCL Tech, HAL, Bharat Forge, Voltas, other stocks today? Here is what brokerages recommend
Brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, and Nomura make of stocks such as HCL Technologies, Hindustan Aeronautics Ltd (HAL), Bharat Forge, and Voltas.
Hero MotoCorp
Two brokerages, Jefferies and Citi have maintained a ‘buy’ call on the Hero MotoCorp stock with a target of Rs 5,650 and Rs 5,500, respectively. Meanwhile, CLSA and Macquarie have maintained an ‘outperform’ rating on Hero MotoCorp shares with a target of Rs 5,280 and Rs 5,557.
JPMorgan has maintained an ‘overweight’ rating on Hero MotoCorp with a target of Rs 5,240. Morgan Stanley, on the other side, has maintained an ‘underweight’ rating on the stock with a target of Rs 3,638.
Larsen & Toubro (L&T)
Four brokerages, Jefferies, CLSA, Goldman Sachs, and Citi have maintained a ‘buy’ call on the Larsen & Toubro (L&T) stock with a target of Rs 3,970, Rs 4,151, Rs 3,600, and Rs 4,396, respectively. Read more
Share Market Today LIVE | Nifty slides below 22,150, Sensex falls nearly 500 pts dragged by construction, financial stocks
Share Market Today LIVE | Construction, financial stocks among the top drags in Nifty 50
Source: NSE
Share Market Today LIVE | Nifty Bank trades nearly 100 pts higher
Source: NSE
Share Market Today LIVE | TVS Motor stock gains 6% post mixed Q4 nos; here's what brokerages suggest
TVS Motor Company stock gain as much as 6.11 per cent to the day's high of Rs 2,118.65 on NSE, a day after the automobile firm reported a mixed set of March quarter results.
TVS Motor share price target
|
TVS Motor Company
|
||
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Brokerage
|
Rating
|
Target (INR)
|
|
Jefferies
|
Buy
|
2525
|
|
CLSA
|
Sell
|
1444
|
|
JP Morgan
|
Neutral
|
2150
|
|
Morgan Stanley
|
Equal-weight
|
1706
|
|
Nomura
|
Neutral
|
1946
|
|
Citi
|
Sell
|
1550
|
|
Macquarie
|
Outperform
|
2242
|