Share Market HIGHLIGHTS: Sensex, Nifty end volatile session flat as IT stocks aid intraday recovery on Dalal Street
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex ended a volatile session barely in the red on Wednesday amid an IT stocks-led intraday recovery on Dalal Street. Gains in IT and financial stocks were offset by losses in oil & gas and FMCG counters in a session characterised by choppy moves.
While the Sensex gyrated in a 611-point range around the flatline in intraday trade, the 50-scrip gauge largely moved within the 22,350-22,500 band.
ALSO READ: Gold hits fresh peak; will it glitter further or consolidate?
Globally, investors remained on the back foot amid rising bond yields after a key macroeconomic reading in the world's largest economy highlighted strong labour demand that could delay an imminent reduction in benchmark interest rates by the Fed.
Back home, investors awaited the outcome of the first bi-monthly review by the RBI Governor-led MPC due on Friday for domestic cues.
Here are some of the stocks that made headlines:
- Cochin Shipyard, Mazagon Dock, other shipping stocks buzz in trade
- Vodafone Idea jumps after telecom operator's board approves Rs 20,000 crore fund-raise
- Nifty Auto jumps over 73% in a year; will the run continue?
- ICICI Direct report says Nifty 50 is likely to touch 23,400 mark ahead of poll results
- HCLTech stock gains after IT major rolls out strategic initiative with Google Cloud
- Bharti Hexacom IPO hits Street
Catch all the highlights of the April 3 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 ended a volatile session barely in the red on Wednesday amid an IT stocks-led intraday recovery on Dalal Street. Gains in IT and financial stocks were offset by losses in oil & gas and FMCG counters in a session characterised by choppy moves.
While the Sensex gyrated in a 611-point range around the flatline in intraday trade, the 50-scrip gauge largely moved within the 22,350-22,500 band.
ALSO READ: Gold hits fresh peak; will it glitter further or consolidate?
Globally, investors remained on the back foot amid rising bond yields after a key macroeconomic reading in the world's largest economy highlighted strong labour demand that could delay an imminent reduction in benchmark interest rates by the Fed.
Back home, investors awaited the outcome of the first bi-monthly review by the RBI Governor-led MPC due on Friday for domestic cues.
Here are some of the stocks that made headlines:
- Cochin Shipyard, Mazagon Dock, other shipping stocks buzz in trade
- Vodafone Idea jumps after telecom operator's board approves Rs 20,000 crore fund-raise
- Nifty Auto jumps over 73% in a year; will the run continue?
- ICICI Direct report says Nifty 50 is likely to touch 23,400 mark ahead of poll results
- HCLTech stock gains after IT major rolls out strategic initiative with Google Cloud
- Bharti Hexacom IPO hits Street
Catch all the highlights of the April 3 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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Closing Bell | Sensex down 27 pts, Nifty at 22,435
Share Market Today LIVE | Cochin Shipyard, Mazagon Dock and other shipping stocks buzz in trade; here is why
Most shipping stocks, such as Mazagon Dock Shipbuilders, Garden Reach Shipping, SEAMEC, Dredging Corporation of India, Cochin Shipyard, and Shipping Corporation of India (SCI), buzzed in trade on Wednesday (April 3).
Individually, as of 12:58 p.m., Mazagon Dock Shipbuilders shares were up over 10 per cent, Cochin Shipyard shares were up nearly 7 per cent, Garden Reach Shipbuilders & Engineers shares were up over 7 per cent, SCI shares were up over 3 per cent, Dredging Corporation of India was up 3 per cent, and SEAMEC shares were up nearly 1 per cent.
Share Market Today LIVE | Vodafone Idea jumps after telecom operator's board approves Rs 20,000 cr fund raise
Vodafone Idea rose by over four per cent on BSE on Wednesday (April 3, 2024) on a day when its board approved a fund raise of Rs 20,000 crore.
The stock that opened at Rs 13.23 on Wednesday rose to the day's high of Rs 13.98, a 4.01 per cent rise from previous close of Rs 13.44.
Share Market Today LIVE | Nifty Auto jumps over 70% in 1 year; will the impressive run continue? PV, CV, 2W—which segment looks most promising?
Auto stocks have been in the fast lane over the past one year. The Nifty Auto index has vroomed more than 73 per cent in the past 12 months, with all its constituents delivering positive returns. Tata Motors DVR led the pack, with over 200 per cent returns. Next on the list were Bajaj Auto and Tata Motors, which rallied over 130 per cent in a year.
Share Market Today LIVE | NALCO hits 52-week high after PSU sets record in sales; achieves highest-ever aluminium and bauxite production
National Aluminium (NALCO) hit a 52-week high of Rs 176.20 on BSE Wednesday (April 3, 2024) after the PSU set a new record in production and sales to achieve the highest-ever aluminium and bauxite production in FY 23-24.
After previous close of Rs 166.15, the NALCO stock opened at Rs 167.20 on Wednesday and hit a 52-week high of Rs 176.20, a jump of 6.05 per cent from the closing price on Tuesday.
Share Market Today LIVE: ICICI Direct report says Nifty 50 is likely to touch 23,400 mark ahead of poll results
With voting for the 2024 Parliamentary elections set to begin on April 19, ICICI Direct has released a report, where it has estimated that the Nifty 50 would touch the mark of 23,400 before the election results are announced on June 4.
The brokerage has set a target of 24,700 for Nifty 50 for CY24.
Share Market Today LIVE: Buy JK Paper shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying JK Paper shares for a target of Rs 370 with a stop loss at Rs 340.
Share Market Today LIVE: Buy Share India Securities shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Share India Securities shares for a target of Rs 1,800 with a stop loss at Rs 1,660.
Share Market Today LIVE | HCLTech stock gains as IT major rolls out strategic initiative with Google Cloud
HCLTech shares rose on Wednesday after the Noida-headquartered IT major announced an expanded partnership with Google Cloud to create industry solutions and drive business value with the US-based tech giant's multimodal large language AI model, Gemini. HCLTech shares rose by as much as Rs 30.4, or 2.0 per cent, to Rs 1,558.5 apiece on BSE after the news.
At 2:00 pm, HCLTech shares were left with half of their intraday gain, up 1.0 per cent for the day at Rs 1,543.4 apiece.
Share Market Today LIVE | SRM Contractors Listing: Shares list at 2.50% premium over issue price on NSE, at 7.14% premium on BSE
Shares of SRM Contractors got listed at Rs 215.25 on the NSE, a premium of 2.50 per cent, to the issue price of Rs 210. On BSE, the shares were listed at Rs 225, a premium of 7.14 per cent.
In the pre-opening session, shares of SRM Contractors settled at Rs 215.25 on NSE, a premium of 2.50 per cent to the issue price of Rs 210. While on BSE, it settled at Rs 225, a premium of 7.14 per cent to the issue price of Rs 210.
Share Market Today LIVE | Gopal Snacks shares hit fresh low after weak Q3 results
Recently-listed Gopal Snacks shares weakened to a fresh low on Wednesday after the ethnic snack company reported a weak set of financial results for the October-December period. The stock of the Gujarat-based company fell by as much as Rs 18.7, or 5.2 per cent, to Rs 340.9 apiece on BSE, sinking below an earlier low hit on its listing day in mid-March.
At the latest low, Gopal Snacks shares changed hands at a discount of 15 per cent to the upper end of the company’s IPO price band.
Share Market Today LIVE | IEX, Tata Power, Torrent Power: Power stocks in focus today; here is why
Shares of power companies such as IEX, Tata Power, Torrent Power, and NTPC were on investors' radar on Wednesday, April 3, after the government announced some major steps to meet the power demand during the summer season.
The Power Ministry has directed companies to review the undertaking of planned maintenance of 1.7 GW in April and 6 GW–9 GW in June. It has been decided that efforts are to be made to schedule or shift the planned outages of thermal units to the monsoon season, the government said in its press release on Tuesday.
Share Market Today LIVE | Bharti Hexacom IPO opens; check out price band, lot size, subscription status, other key details
Bharti Airtel subsidiary Bharti Hexacom's initial public offering (IPO) opened for subscription today, April 3, the first public offer of the new financial year. Bharti Hexacom IPO will be available for subscription for three trading days, till April 5. The initial share sale, worth Rs 4,275 crore, comprises an offer for sale (OFS) of 7.5 crore equity shares, representing a 15 per cent stake owned by Telecommunications Consultants India.
Share Market Today LIVE | JSW Energy shares hit all-time high as company launches QIP to raise Rs 5,000 crore
JSW Energy shares on Wednesday, April 3, clocked an all-time high as the JSW Group's energy arm's qualified institutional placement (QIP) opened today at a floor price of Rs 510.09, a nearly 6 per cent discount to the company's last closing price of Rs 541.95.
The Sajjan Jindal-led firm's board gave a nod to raising Rs 5,000 crore via QIP on Tuesday post-market hours.