Share Market HIGHLIGHTS: Nifty slips to 19,732, Sensex settles 116 pts lower, falls for 3rd day dragged by financial stocks
Share Market HIGHLIGHTS: Geopolitical tensions continued to weigh on investor sentiment as domestic equities settled in negative territory for the third straight day on Monday, October 16. 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: Geopolitical tensions continued to weigh on investor sentiment as domestic equities settled in negative territory for the third straight day on Monday, October 16. At close, the S&P BSE Sensex stood at 66,166.93 levels, down 116 points, or 0.17 per cent while the NSE's Nifty ended at 19,731.75, down 19 points, or 0.1 per cent. On the sectoral front, metal stocks gained the most. The S&P BSE METAL index rallied 1.37 per cent. Consumer durable stocks also gained in the trade.
In the broader market, the S&P BSE MidCap index rose 0.25 per cent while the S&P BSE SmallCap index ended 0.34 per cent higher.
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:
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Share Market HIGHLIGHTS | Divi's, Nestle, TCS among to losers in Nifty 50
Divi's, Nestle, TCS and IndusInd Bank are among the top losers, down around 1-2 per cent in the Nifty basket. On the other hand, Hero MotoCorp, JSW Steel, Tata Steel and LTIMindtree are among the top gainers, trading with gains of around 1-2 per cent.
Source: NSE
Share Market HIGHLIGHTS | Nifty slips to 19,732, Sensex settles 116 pts lower, falls for 3rd day
Nifty 50
Nifty slips to 19,732, down 0.1 per cent.
Source: NSESensex
Sensex settles 116 points lower at 66,167.
Source: BSE
Share Market Today LIVE | Coal India, Federal Bank, Lupin, other stocks hit 52-week highs
As many as 40 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) COALINDIA 311.5 313.7 310.75 (13 Oct 2023) 447.25 (05 Aug 2015) CSBBANK 365.2 365.2 363.10 (09 Oct 2023) 372.95 (05 Jul 2021) DIXON 5,386.20 5,412.35 5,379.85 (28 Sep 2023) 21,500.00 (15 Mar 2021) FEDERALBNK 148.75 152.55 152.25 (03 Oct 2023) 550.75 (02 Jan 2013) GAEL 379.65 387.7 374.85 (12 Oct 2023) 393.85 (19 Apr 2022) GESHIP 879.5 919.45 906.95 (27 Sep 2023) 919.45 (16 Oct 2023) GSFC 205.45 214.25 193.40 (06 Sep 2023) 575.00 (02 Apr 1992) IIFL 672.5 704.2 648.00 (13 Oct 2023) 1,974.90 (01 Jan 2008) IPCALAB 964.2 970 962.35 (11 Oct 2023) 2,767.10 (15 Sep 2021) ITI 290.5 296.3 271.10 (13 Oct 2023) 296.30 (16 Oct 2023) KALYANKJIL 283.9 288.95 277.50 (12 Oct 2023) 288.95 (16 Oct 2023) KIOCL 397 397 357.85 (21 Sep 2023) 506.45 (14 Nov 2017) KPIL 692.6 709 687.85 (05 Sep 2023) 2,119.95 (05 Apr 2006) LUPIN 1,198.80 1,201.10 1,192.50 (12 Oct 2023) 2,127.00 (06 Oct 2015) MAHSCOOTER 8,019.30 8,220.00 8,138.95 (26 Sep 2023) 8,220.00 (16 Oct 2023) MARUTI 10,704.00 10,812.40 10,747.95 (13 Oct 2023) 10,812.40 (16 Oct 2023) MCX 2,195.00 2,216.90 2,183.85 (11 Oct 2023) 2,216.90 (16 Oct 2023) MEDANTA 787.9 792.8 780.00 (13 Oct 2023) 792.80 (16 Oct 2023) MMTC 84.8 84.89 79.90 (13 Oct 2023) 56,931.50 (12 Nov 2007) MRPL 103.3 106.7 103.40 (04 Oct 2023) 149.00 (04 Jan 2008) NAM-INDIA 387.35 397.8 397.20 (13 Oct 2023) 476.50 (19 Oct 2021) NBCC 64.15 66.2 65.32 (12 Oct 2023) 1,214.50 (06 Aug 2015) NMDC 165.15 165.75 164.00 (13 Oct 2023) 16,584.10 (06 Nov 2007) OIL 319.85 324.7 322.55 (10 Oct 2023) 1,635.00 (15 Sep 2010) PFC 251.85 258.15 255.55 (11 Oct 2023) 383.00 (14 Oct 2010) POLYCAB 5,418.15 5,446.70 5,421.20 (03 Oct 2023) 5,446.70 (16 Oct 2023) RAMCOCEM 999.2 1,014.85 1,004.00 (13 Oct 2023) 13,500.00 (25 Apr 1996) RECLTD 293.9 299.1 296.90 (13 Oct 2023) 409.50 (11 Oct 2010) SHREECEM 26,665.70 27,284.85 27,100.00 (15 Sep 2023) 32,050.00 (09 Apr 2021) SOBHA 780.05 785.65 772.20 (10 Oct 2023) 1,179.00 (20 Dec 2006) SOLARINDS 5,257.00 5,439.90 5,420.00 (12 Oct 2023) 5,439.90 (16 Oct 2023) SPLPETRO 556.25 576.9 547.65 (12 Oct 2023) 1,027.05 (28 Mar 2022) STARCEMENT 174.7 176.55 169.95 (07 Aug 2023) 176.55 (16 Oct 2023) SUNTECK 475.45 485.95 482.00 (11 Oct 2023) 2,955.00 (08 Oct 2009) SUNTV 642.15 649.35 645.25 (13 Oct 2023) 1,849.00 (08 Feb 2007) TATAMOTORS 666 677.9 669.10 (13 Oct 2023) 1,381.40 (06 Dec 2010) TATAMTRDVR 441.7 448.55 443.85 (15 Sep 2023) 940.25 (11 Nov 2010) TVSMOTOR 1,601.95 1,616.90 1,605.55 (13 Oct 2023) 1,616.90 (16 Oct 2023) WELCORP 448.4 451.35 443.25 (13 Oct 2023) 537.70 (17 Jan 2008) WELSPUNIND 129.8 132.15 129.40 (06 Sep 2023) 1,007.15 (14 Mar 2016) Nifty Today LIVE | Axis Bank, HCL Tech, Infy among top movers
Axis Bank, HCL Tech, Infy and Tata Steel are the top movers in the Nifty baskets at this hour. On the contrary, TCS, HDFC Bank, Kotak Bank and Bharti Airtel are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Tips LIVE | Buy Rain Ind, Ramco Ind shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Rain Ind shares for a target of Rs 180 with a stop loss at Rs 160. Besides, he recommends buying Ramco Ind shares for a target of Rs 200 with a stop loss at Rs 178.
Share Market Today LIVE | Tata Motors shares zoom to fresh peak; what is driving the Tata group stock?
Tata Motors shares scale a fresh 52 week of Rs 677.8, rising for the fifth session in a row after the Tata group company signed a share purchase pact to offload 9.9 per cent in its initial public offer (IPO)-bound subsidiary Tata Technologies for about Rs 1,613.7 crore. Read more
Share Market Today LIVE | SpiceJet shares tank 11%
Shares of airline SpiceJet tank over 11 per cent to the day's low of Rs 38.72 on BSE. The counter trades at 3.2 per cent lower at Rs 40.4 on BSE.
Here's how the counter has moved so far on Monday:
Source: NSE
Share Market Today LIVE | Federal Bank reports 35.5% YoY rise in Q2 net profit to Rs 954 crore
Shares of Federal Bank trade at Rs 147.2, up 1.54 per cent or Rs 2.3 on the BSE after the bank reported a 35.5 per cent year-on-year (YoY) increase in its standalone net profit at Rs 953.82 crore for the quarter ended September 30, 2023 (Q2FY24). In the year-ago period, the figure stood at Rs 703.71 crore. The total income of the lender came in at Rs 6,185.7 crore, up 33.5 per cent against Rs 4,630.3 crore in the corresponding quarter of the previous fiscal. Read more
Share Market Today LIVE | Nifty Bank trades flat, down 0.06%
Source: NSE
Federal Bank Q2 Results | Standalone net profit jumps 35.5% to Rs 953.8 crore, NII up 16.7% at Rs 2,056.4 crore
The Kochi-based private sector lender reports a net profit of Rs 953.8 crore for the quarter ended September 30, as against a net profit of Rs 703.7 crore for the corresponding period a year ago.
Its net interest income, or the difference between the interest earned and the interest paid, increases 16.7 per cent on a year-on-year basis to Rs 2,056.4 crore, according to a regulatory filing.
The Federal Bank stock adds on to the day's gains after the earnings announcement, scaling a 52-week high on BSE. The stock strengthens by as much as Rs 3.1, or two per cent, to Rs 152.6 apiece on the bourse, surpassing an existing 52-week peak registered on October 3.
Image: BSE
The earnings beat analysts' estimates. According to Zee Business research, the bank's quarter net profit was estimated at Rs 840 crore and NII at Rs 2,000 crore.
Share Market Today LIVE | HDFC Bank shares edge lower ahead of Q2 results; here is what to expect
HDFC Bank shares trade in the red ahead of its second-quarter results (Q2FY24), due later in the day. The country's largest private sector lender is slated to report its financial results for the July- September period today. The HDFC Bank stock declines by as much as nearly 1 per cent, to hit the day's low of Rs 1,520.5 apiece on BSE, amid declines in domestic equity benchmarks Nifty 50 and Sensex. Read more
Share Market Today LIVE | Som Distilleries & Breweries woos Street with strong Q2 performance; should you buy/sell/hold shares now?
Som Distilleries & Breweries shares are in demand on Monday after the liquor maker reported a strong set of financial numbers. The stock of Som Distilleries & Breweries—trades with the symbol SDBL—gains by as much as Rs 9.1, or 2.6 per cent, to Rs 355.3 apiece on BSE.
Should you buy, sell or hold Som Distilleries & Breweries shares now?
Positive on the liquor maker's growth prospects, Zee Business analyst Ashish Chaturvedi has a 'buy' call on Som Distilleries shares with a price target of Rs 360 and a stop loss at Rs 340. Read more
Share Market Today LIVE | TCS stock falls after IT giant fires 16 employees in recruitment scam
TCS shares are trading in negative territory on BSE on Monday after the IT giant announced that it had fired 16 of its employees due to their involvement in a recruitment scam. The TCS shares are down 0.81 per cent, or Rs 29, at Rs 3,541.85 on BSE. Read more
Share Market Today LIVE | Where are PVR Inox shares heading after multiplex chain launches PVR Inox Passport subscription service
In the first trading session after PVR Inox launched a Rs 699 subscription service called PVR Inox Passport, shares of the multiplex chain are trading higher by 0.3 per cent, or Rs 5.2, at Rs 1,758.05 each, on BSE on Monday (October 16). Read more
Share Market Today LIVE | Texmaco Rail and Engineering shares zoom on strong September quarter earnings
Texmaco Rail and Engineering shares on Monday, October 16, skyrockets as much as 12 per cent to hit the day's high of Rs 150 apiece on the BSE after the rail solution provider company reported a 60 per cent year-on-year (YoY) jump in consolidated net profit at Rs 24.64 crore in the July-September quarter of the current financial year against Rs 1,5.43 crore reported in the year-ago period. Read more
Share Market Today LIVE | Bajaj Electricals shares soar over 5% after Rs 564 crore deal with Power Grid
Bajaj Electricals shares trade 3.29 per cent, or Rs 35.35, at Rs 1,109 apiece, on BSE on Monday after the Bajaj group company inked a Rs 564.20 crore deal with Power Grid Corporation of India. The Bajaj Electricals stock closed at Rs 1,072.20 on Friday evening and opened at the day's high of Rs 1,167.95 on Monday. Read more
Share Market Today LIVE | Avenue Supermarts shares slip 4% after Q2FY24 results? Should you buy, hold or sell the stock?
Shares of Avenue Supermarts, which runs the famous retail chain D-Mart, slip as much as 4 per cent to the day’s low of Rs 3771.7 apiece after reporting a weak set of numbers for the September-ended quarter. The consolidated revenue from operations for the Q2 period came in at Rs 12,624 crore versus Rs 10,638 crore during the same quarter last year. Sequentially, the revenue grew 6.4 per cent from Rs 11,865 crore in the June-ended quarter. Read more
Traders' Diary | Buy, sell or hold strategy on Tata Consumer, Info Edge, HPCL, Laurus Labs, Som Distilleries, other a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Monday, October 16. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Bajaj Electricals shares in the cash segment for a price target of Rs 1,095 with a stop loss at Rs 1,065
- Buy IPCA Labs futures for a target of Rs 970 with a stop loss at Rs 948
- Buy the Rs 405 call option of Laurus Labs for a target of Rs 14 with a stop loss at Rs 8
- Technical pick: Buy Cartrade Tech shares for a target of Rs 740 with a stop loss at Rs 660
- Fundamental pick: Buy Som Distilleries shares for a target of Rs 360 with a stop loss at Rs 340
- Cricket World Cup stock: Buy Accelya Solutions shares for a target of Rs 2,360 from a perspective of 12-18 months. Read more
Currency Update | Rupee rises 6 paise to 83.24 against US dollar in early trade
Share Market Today LIVE | Sensex drops over 150 pts, Nifty above 19,700
Nifty 50
Nifty trades above 19,700, down 0.16 per cent in opening deals.
Source: NSESensex
Sensex drops over 150 points in opening deals.
Source: BSE
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 19,625-19,700 levels and a strong buy zone at 19,525-19,600 levels on Monday, October 16. For the Nifty Bank, he expects support at 43,950-44,125 levels and a strong buy zone at 43,600-43,800 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stock to Watch | Avenue Supermarts, Tata Motors, Cyient DLM, CEAT, Federal Bank, and Nelco among top stocks to track today
Let's take a look at the stocks that may remain in focus today:
Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported on Saturday a 9.09 per cent fall in consolidated net profit at Rs 623.35 crore for the second quarter ended September 30, as gross margins were impacted due to a lesser contribution from the general merchandise and apparel business. The company had posted a net profit of Rs 685.71 crore in the July-September quarter a year ago, said Avenue Supermarts in a regulatory filing.
Earnings today: Cyient DLM, CEAT, Nelco, and Federal Bank are among some of the companies that are slated to release their September quarter numbers later in the day.
Tata Motors: Tata Motors on Friday said it had inked a pact to sell a 9.9 per cent stake in Tata Technologies to TPG Rise Climate for Rs 1,613.7 crore. The company has entered into share purchase agreements to sell a 9.9 per cent stake in Tata Technologies Ltd (TTL) for an aggregate consideration of Rs 1,613.7 crore, the Mumbai-based auto major said in a statement.
PVR INOX: Leading cinema chain PVR INOX Ltd on Saturday announced a new initiative "PVR INOX Passport", a first-of-its-kind movie subscription pass aimed at "irrigating the film industry" and motivating consumers to frequently visit theatres. As per the monthly subscription pass, which will be available from October 16, cinemagoers will be able to watch up to 10 movies per month for just Rs 699. The offer will be applicable from Monday to Thursday and excludes premium offerings like IMAX, Gold, LUXE and Director's Cut. Read more
Share Market Today LIVE | GIFT Nifty futures indicate sluggish start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 17.5 points or 0.09 per cent at 19,716.5 ahead of the opening bell on Dalal Street.
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