Share Market HIGHLIGHTS: Sensex settles 490 pts higher, Nifty ends at 19,133 amid broad-based buying
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Thursday, November 2, edged higher amid strong global cues and broad-based sectoral participation. Catch minute-by-minute updates of all the action in the Indian share market today, 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 on Thursday, November 2, edged higher amid strong global cues and broad-based sectoral participation. The US Federal Reserve's decision to keep the interest rate unchanged and the policy commentary, which hinted at an end to further rate hikes, boosted sentiment across markets.
At close, the S&P BSE Sensex closed higher by 0.77 per cent or 489.57 points, at 64,080.9, and the NSE Nifty settled higher by 0.76 per cent, or 144.1 points, at 19,133.25.
"Nifty ended the day on a positive note, with most sectors closed in green today. Notably, the Nifty Realty, Nifty PSU Bank, and Nifty Metal all outperformed today, closing positive. The Indian market largely gained as a consequence of the Federal Reserve keeping its benchmark lending rate between 5.25 per cent and 5.5 per cent, which helped the market close positively today despite the US economy indicating a rise in inflation and economic development. Right now, attention is on the October jobs data that is coming shortly. Financial circumstances have become extremely restrictive due to the recent increase in market-based interest rates, which may be partially compensating for the Fed's actions," said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio Ltd.
Nifty Mid Cap 100 and Small Cap 100 ended over 1 per cent. High-beta Nifty Bank was also up 0.74 per cent at 43,017.2.
Catch minute-by-minute updates of all the action in the Indian share market today, 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.com's blog:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Britannia, Hindalco, IndusInd Bank rise the most in Nifty basket
Britannia, Hindalco, IndusInd Bank and Apollo Hospitals are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, Hero MotoCorp, Bajaj Auto, HDFC Life and ONGC are among the top losers.
Source: NSE
Share Market HIGHLIGHTS | Sensex settles 490 pts higher, Nifty ends at 19,133 amid broad-based buying
Nifty 50
Nifty ends at 19,133, up 0.76 per cent.
Source: NSESensex
Sensex settles 490 points higher at 64,081.
Source: BSE
Share Market Today LIVE | Honasa Consumer IPO gets subscribed 6.09 times so far; should you subscribe? Here is what Anil Singhvi recommends
The IPO of Honasa Consumer—which owns new-age FMCG brands Mamaearth and The Derma Co—'s share sale received bids for 17,60,35,974 shares against 2,88,99,514 shares on offer. The category for Qualified Institutional Buyers (QIBs) has received 10.21 times subscriptions. The non-institutional investors' part gets subscribed 1.31 times, while the quota for Retail Individual Investors (RIIs) gets subscribed 0.93 times. Overall, the public issue has been subscribed 6.09 times so far on Day 3 of the bidding process. Read more
Share Market Today LIVE | MCX, REC, other stocks hit 52-week highs
As many as 17 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ANGELONE 2,646.15 2,688.95 2,677.00 (01 Nov 2023) 2,688.95 (02 Nov 2023) BSOFT 577.65 585.5 583.10 (01 Nov 2023) 740.00 (02 Jan 2007) CANBK 387.3 391.65 390.55 (31 Oct 2023) 844.00 (09 Nov 2010) COLPAL 2,127.20 2,138.10 2,128.85 (20 Oct 2023) 2,198.50 (15 Apr 2015) CREDITACC 1,626.40 1,639.95 1,637.00 (31 Oct 2023) 1,639.95 (02 Nov 2023) ESABINDIA 5,906.90 5,933.30 5,857.90 (01 Nov 2023) 5,933.30 (02 Nov 2023) GODFRYPHLP 2,369.40 2,400.00 2,380.00 (01 Nov 2023) 3,944.00 (27 Apr 2012) IDEA 13.63 13.76 13.54 (01 Nov 2023) 203.90 (17 Apr 2015) INDUSINDBK 1,464.50 1,479.10 1,475.50 (20 Sep 2023) 2,037.90 (03 Aug 2018) KPITTECH 1,233.00 1,279.05 1,253.90 (31 Oct 2023) 1,279.05 (02 Nov 2023) LODHA 840.3 850 829.00 (11 Oct 2023) 1,538.65 (01 Dec 2021) MCX 2,410.95 2,447.40 2,417.50 (23 Oct 2023) 2,447.40 (02 Nov 2023) MEDANTA 819 830.3 809.00 (01 Nov 2023) 830.30 (02 Nov 2023) OBEROIRLTY 1,205.00 1,214.65 1,206.00 (11 Sep 2023) 1,214.65 (02 Nov 2023) PERSISTENT 6,216.50 6,283.90 6,258.95 (01 Nov 2023) 6,283.90 (02 Nov 2023) PFC 258.7 259.25 258.15 (16 Oct 2023) 383.00 (14 Oct 2010) RECLTD 305.05 307.35 299.10 (16 Oct 2023) 409.50 (11 Oct 2010) Share Market Today LIVE | ESAF Small Finance Bank IPO to hit Dalal Street soon; catch important details here
ESAF Small Finance Bank will launch an initial public offer (IPO) on Friday, November 3, to raise an estimated Rs 463 crore. The subscription window for the public offer of the Kerala-headquartered small finance bank will be available from 10 am to 5 pm, for three trading days ending Tuesday, November 7.
The IPO of ESAF Small Finance Bank comprises fresh issuance of equity worth Rs 391 crore, and an offer for sale (OFS) amounting to Rs 72 crore by promoters and existing shareholders. Read more
Share Market Today LIVE | Hero MotoCorp shares slip despite inline Q2 numbers; Niranjan Gupta replaces Pawan Munjal as CEO
Hero MotoCorp shares trade 1.37 lower at Rs 3,050 on NSE sespite India's largest two-wheeler reporting inline second-quarter numbers on Wednesday. Read more
Share Market Today LIVE | REC shares hit life-time high after PSU delivers record Q2 performance, declares dividend; CLSA sees 20% upside in stock
State-run infrastructure finance company REC’s shares soar to an all-time high on Thursday, November 2, after the company reported its highest ever quarterly net profit. The stock of REC gain by as much as Rs 21.15 or 7.5 per cent to Rs 304 apiece on NSE, surpassing an earlier peak of Rs 299.2 touched last month.
REC dividend 2023, REC dividend record date
The REC board declared its second interim dividend for the financial year. It fixed November 13 as record date for the dividend of Rs 3.5 per equity share, a 35 per cent payout given the face value of Rs 10 per share.
REC share price target 2023: What analysts say
CLSA maintained its ‘buy’ rating on REC after the state-run company’s earnings announcement and raised its target price for the stock by Rs 80 to Rs 340. The brokerage’s target implies an upside of more than 20 per cent in REC shares from the previous close. Read more
Source: Official website Share Market Today LIVE | Sensex, Nifty off day's highs
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | JK Tyre shares hit a 52-week high after firm reports strong second-quarter results
Shares of JK Tyre & Industries hit a 52-week high of Rs 351.05 on BSE after the company reported strong second-quarter results post market hours on Wednesday. Read more
Share Market Today LIVE | Netweb Technologies India's board approves Rs 23.4 crore capital expenditure; stock hits upper circuit
Netweb Technologies India's trades 7.23 per cent higher at Rs 812.25 on NSE after hitting an upper circuit twice of 10 per cent at Rs 833.5 on the NSE. The rally in the stock is witnessed after the company posted its July to September quarter (Q2FY24) results and its board approved a capital expenditure of Rs 23.4 crore from the initial public offering (IPO) proceeds. Read more
Share Market Today LIVE | Godrej Consumer Products shares rise as Street cheers strong Q2 show by FMCG major; what should investors do?
Godrej Consumer Products (GODREJCP) shares rise on Thursday after the Mumbai-based FMCG major—whose popular brands include Cinthol, Good Knight and Ezee—reported a strong set of financial results for the July-September period driven by 10 per cent year-on-year growth in volumes. Godrej Consumer Products shares gain by as much as Rs 32.4, or 3.3 per cent, to Rs 1,007 apiece on BSE, coming within Rs 95 of a 52-week high scaled in July. Read more
Share Market Today LIVE | JK Tyre shares hit a 52-week high after firm reports strong second-quarter results
Shares of JK Tyre & Industries started the trading session on Thursday (November 2, 2023) on a high note as it hit a 52-week high of Rs 351.05 on BSE after the company reported strong second-quarter results post market hours on Wednesday. The stock trades higher by 8.89 per cent, or Rs 27.40, at Rs 335.50 on Thursday. Read more
Share Market Today LIVE | Tata Steel Q2 results fail to impress Street; here is what Morgan Stanley highlights
Tata Steel shares remain under pressure on Thursday, November 2, falling for a fourth straight session, after the Tata group steelmaker staged an overall weak financial performance for the second quarter of the current financial year. The Tata Steel stock decline by as much as Rs 2, or 1.7 per cent, to Rs 114.6 apiece in morning deals on NSE.
Tata Steel share price target: What analysts say about Tata Steel Q2 results
Morgan Stanley maintained an ‘equal-weight’ rating on Tata Steel after the private sector steel major’s earnings announcement, with a target of Rs 115 for the stock. The brokerage’s target suggests a discount of 1.4 per cent to Wednesday's close.
Morgan Stanley pointed out that the European business remains a drag for Tata Steel, though its domestic EBITDA was ahead of estimates. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 18,925-19,000 levels and a strong buy zone at 18,835-18,900 levels on Thursday, November 2. For the Nifty Bank, he expects support at 42,500-42,600 levels and a strong buy zone at 42,275-42,400 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 8 paise to 83.20 against US dollar in early trade
Share Market Today LIVE | Sensex gains nearly 550 pts, Nifty trades near 19,150
Nifty 50
Source: NSESensex
Source: BSE
Dividend Stocks | Hindustan Unilever, Tech Mahindra, Coforge to trade ex-date
A total of seven stocks will trade ex-dividend on Thursday, November 2, according to the NSE website. The list include the following stocks:
Hindustan Unilever dividend record date 2023, HUL payment date
Hindustan Unilever has announced a dividend of Rs 18 per equity share with a face value of Re 1. HUL's board has fixed November 2 as the record date. As per HUL's communique, the dividend will be paid to the shareholders on or after November 16, Thursday.
Share India Securities dividend
Share India Securities has announced a dividend of Rs 3 per equity share with a face value of Rs 10. The company has fixed November 2 as the record date.
Coforge dividend record date 2023
Coforge has announced a dividend of Rs 19 per equity share with a face value of Rs 10. Coforge has fixed fixed November 2 as the record date. Read more
Stocks to watch | Hero MotoCorp, Jet Airways, HUL, Berger Paints among stocks to track out for on Thursday
Zee Business will take you to the list of stocks that will be on radar on Thursday:
Corporate results today (November 2): Adani Enterprises, Adani Power, Berger Paints, Container Corporation of India, Chemplast Sanmar, Clean Science & Technology, Deepak Fertilisers, Dabur India, Gujarat Gas, and Godrej Properties, among others, will announce their September results on Thursday (November 2).
Hero MotoCorp: Shares of the auto major will be in focus after the company’s standalone PAT for the Q2 period increased 47 per cent year-on-year (YoY).Godrej Consumer Products: Shares of the personal care company will be tracked after its quarterly numbers were announced on Wednesday. The company’s consolidated net profit surged YoY to Rs 432 crore in the reporting quarter.
Jet Airways: The Enforcement Directorate said on Wednesday (November 1, 2023) that it had attached properties worth Rs 538.05 crore of embattled Jet Airways and individuals,
including founder chairman Naresh Goyal, and others. The properties have been attached under the provision of the PMLA, 2022, in a money laundering case against the chairman.Triveni Turbine: Shares of the heavy electrical equipment company will gain focus after its Q2 results. During the quarter, the company posted a standalone net profit of Rs 48.6 crore as against Rs 32 crore in the year-ago period. Read more
Share Market Today LIVE | GIFT Nifty futures indicate gap-up opening ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 162 points or 0.85 per cent at 19,216 ahead of the opening bell on Dalal Street.
Good morning! Welcome to Zeebiz.com's blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
Happy trading, and happy investing!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.