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 suffered sharp losses on Thursday amid a sell-off across sectors barring automobile shares. Catch all the highlights of the May 9 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms 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:
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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 | 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 CompanyBrokerageRatingTarget (INR)JefferiesBuy2525CLSASell1444JP MorganNeutral2150Morgan StanleyEqual-weight1706NomuraNeutral1946CitiSell1550MacquarieOutperform2242Top 7 Stocks | Brokerages have sell calls on these 2 Tata group stocks; defence PSU multi bagger upgraded
Larsen & Toubro
Jefferies has maintained 'buy' stance on L&T. But it has cut the target to Rs 3,970 from Rs 4,135.
Hero MotoCorp
Jefferies has maintained 'buy' call on the automaker with a target of Rs 5,650.
TVS Motor
Jefferies has maintained a 'buy' stance on the automaker with a target price of Rs 2,525. Read more
Share Market Today LIVE | Nifty Bank trades nearly 100 pts higher
Source: NSE
Share Market Today LIVE | Sensex down nearly 50 pts, Nifty trades below 22,300 in opening deals
Nifty50
Source: NSE
Sensex
Source: BSE
Currency Update | Rupee rises 5 paise to 83.47 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 expects support for the headline Nifty50 index to emerge at 22,175-22,225 levels and a strong buy zone at 22,000-22,075 levels on Thursday, May 9. For the Nifty Bank, he expects support to come in at 47,700-47,850 levels followed by a stronger support zone at 47,500-47,625 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on BEL, L&T, Asian Paints, TVS Motor, KEC International, 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 Thursday, May 9, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Nupur Jainkunia's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Cash Segment Stock Pick: KEC International
Buy SKF India shares in the cash segment for a target price of Rs 4,700 with a stop loss at Rs 4,520
Futures & Option (F&O) Picks: Pidilite Industries, United Spirits Ltd (USL)
- Sell Pidilite Industries futures for a target of Rs 2,730 with a stop loss at Rs 2,850
- Buy the Rs 1,250 call option of United Spirits Ltd (USL) at Rs 52 for a target of Rs 75 with a stop loss at Rs 40
Technical Stock Pick: Berger Paints
Sell Berger Paints futures for a target price of Rs 480 with a stop loss at Rs 502. Read more
Market Outlook | Domestic markets could open flat to mildly lower, says Deepak Jasani
"Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and flat US markets on May 8," says Deepak Jasani, Head of Retail Research, HDFC Securities.
"Nifty could stay in the 22,148-22,476 band for the near term." he adds.
Stocks to Watch | SBI, L&T, TVS Motor, other stocks to track today
Here are a few stocks that investors will keenly track on Dalal Street in the May 8 session, including State Bank of India (SBI), TVS Motor Company, Punjab National Bank (PNB), Asian Paints and Wipro:
Around 70 companies all set to report March-quarter results on May 9
State Bank of India (SBI), Asian Paints and Punjab National Bank (PNB) are among 70-odd companies slated to report their financial results for the quarter as well as the year ended March 31, 2024, on May 9. Besides, MGL, HPCL, BPCL, IOB, VST Tillers Tractors and Nitin Spinners are also scheduled to report their numbers on the same day.
BoB World app can onboard new customers as RBI lifts restrictions
The RBI has allowed state-run lender Bank of Baroda to onboard new customers through its mobile app Bob World, more than six months after imposing restrictions citing material supervisory concerns.
Wipro collaborates with US-based Kognitos to deploy GenAI-powered business automation solutions
Wipro and Kognitos Inc, a portfolio company of Wipro Ventures, has announced a collaboration to deploy enterprise-ready GenAI-based business automation solutions. The Bengaluru-based IT firm said its corporate investment arm, Wipro Ventures, invested in Kognitos as part of a Series A funding round. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a sluggish start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 2.35 points or 0.01 per cent at 22,390.5 ahead of the opening bell on Dalal Street.
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