Share Market HIGHLIGHTS: Sensex ends 595 pts higher, Nifty50 reclaims 19,400 as bulls remain in charge for third straight day; Divis Labs soars 5%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to rise for the third trading session in a row on Monday tracking positive signals from global markets as investors priced in earlier interest rate cuts in the US and Europe than anticipated previously. 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 extended gains to a third straight session on Monday, mirroring positive signals from global markets as investors priced in earlier interest rate cuts in the US and Europe than anticipated previously.
Catch all the highlights of the November 6 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, trade recommendations and much more, only on Zeebiz.com's blog:
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Domestic market largely mirroring rebound on Wall Street, looks set to test hurdle at 19,500: Religare Broking's Ajit Mishra
Ajit Mishra of Religare Broking is of the view that the sustainability of the positive tone on the global front combined with improved participation from the banking pack would be critical to watch for Dalal Street.
"Meanwhile, we maintain our view to stay focused on stock selection," he adds.
Immediate support for Nifty at 19,320: HDFC Securities' Nagaraj Shetti
Nagaraj Shetti of HDFC Securities expects immediate support for the Nifty50 at 19,320. "A reasonable bull candle was formed on the daily chart with minor upper and lower shadows. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 level on October 26," he says.
"The immediate resistance of 18,250 has been taken out sharply on the upside on Monday and the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term," Shetti adds.
Share Market Highlights | Broader indices continue to rise, up around 1%
Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finish the day 0.9 per cent and 1.4 per cent stronger, a third straight higher close for both in tandem with the overall trend in the market.
Closing Bell | Market breadth remains in favour of bulls
Overall market breadth remains extremely positive on BSE, with an advance-decline ratio of 9:5 as 2,452 stocks finished higher while 1,336 declined for the day.
Closing Bell | 45 Nifty stocks finish stronger; Divi's, Eicher, Hero MotoCorp, Axis Bank, L&T top blue-chip gainers
As many as 45 stocks in the 50-scrip blue-chip basket finish the day higher, with Divi's, Eicher Motors, Hero MotoCorp, Axis Bank, Larsen & Toubro, Tata Steel, Bajaj Finance, PowerGrid, Asian Paints and Hindalco, rising between 1.7 per cent and 5. per cent, being the top gainers. On the other hand, SBI, HUL, Cipla, Tata Motors and Titan, declining between 0.1 per cent and 0.7 per cent for the day, are the top laggards.
Closing Bell | Sensex, Nifty end stronger for third day in a row
Both headline indices finish the day with gains to the tune of around one per cent each. The Sensex adds 594.9 pts for the day to end at 64,958.7, and the Nifty settles with a gain of 183.1 pts at 19,413.7.
Here's how the indices moved through the day:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
Share Market Today LIVE | Sensex surges nearly 600 pts, Nifty trades above 19,400
Share Market Today LIVE | MCX, DLF, Zomato, other stocks hit 52-week highs
As many as 32 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) AIAENG 3,649.80 3,840.45 3,824.75 (11 Sep 2023) 3,840.45 (06 Nov 2023) AMBER 3,298.75 3,314.95 3,150.00 (03 Nov 2023) 4,023.65 (02 May 2022) ANGELONE 2,684.30 2,900.00 2,850.00 (03 Nov 2023) 2,900.00 (06 Nov 2023) BLUESTARCO 967.95 992 979.95 (03 Nov 2023) 1,554.40 (14 Jun 2023) BRIGADE 686.8 718.7 674.85 (03 Nov 2023) 718.70 (06 Nov 2023) BSOFT 597.2 600.1 593.00 (03 Nov 2023) 740.00 (02 Jan 2007) CRISIL 4,360.00 4,399.00 4,283.00 (20 Oct 2023) 9,031.95 (27 Jul 2011) DLF 591.75 604.55 599.75 (03 Nov 2023) 1,225.00 (15 Jan 2008) ESABINDIA 6,279.55 6,299.75 6,054.10 (03 Nov 2023) 6,299.75 (06 Nov 2023) GILLETTE 6,290.75 6,429.90 6,419.20 (15 Sep 2023) 8,200.00 (29 Oct 2019) GODREJPROP 1,817.60 1,836.25 1,804.30 (03 Nov 2023) 2,598.00 (14 Oct 2021) KALYANKJIL 319.7 324.35 309.85 (18 Oct 2023) 324.35 (06 Nov 2023) L&TFH 142.5 144.35 142.50 (03 Nov 2023) 213.60 (24 Oct 2017) LALPATHLAB 2,643.20 2,646.15 2,639.20 (07 Nov 2022) 4,243.00 (15 Sep 2021) LODHA 860.95 879.9 868.50 (02 Nov 2023) 1,538.65 (01 Dec 2021) MCX 2,568.05 2,584.25 2,574.70 (03 Nov 2023) 2,584.25 (06 Nov 2023) NAM-INDIA 404.6 406.8 397.80 (16 Oct 2023) 476.50 (19 Oct 2021) OBEROIRLTY 1,247.20 1,250.95 1,239.75 (03 Nov 2023) 1,250.95 (06 Nov 2023) ONGC 193.4 194.1 192.25 (29 Sep 2023) 1,514.00 (10 May 2006) PERSISTENT 6,260.00 6,346.90 6,318.20 (03 Nov 2023) 6,346.90 (06 Nov 2023) PFC 260.55 264.6 262.80 (03 Nov 2023) 383.00 (14 Oct 2010) PHOENIXLTD 2,047.60 2,086.00 2,059.00 (13 Oct 2023) 37,536.25 (21 Sep 2005) PRSMJOHNSN 148.15 149 147.60 (03 Nov 2023) 160.00 (17 Jan 2022) SANOFI 7,681.10 7,711.55 7,639.00 (03 Nov 2023) 9,300.00 (10 Aug 2021) SHRIRAMFIN 1,989.10 2,049.95 2,028.20 (03 Nov 2023) 2,049.95 (06 Nov 2023) SOBHA 788.5 801 785.65 (16 Oct 2023) 1,179.00 (20 Dec 2006) SOLARINDS 5,590.15 5,699.60 5,678.90 (01 Nov 2023) 5,699.60 (06 Nov 2023) SONATSOFTW 1,249.35 1,250.00 1,232.85 (03 Nov 2023) 2,936.60 (16 Feb 2000) SUZLON 36.16 36.16 34.44 (03 Nov 2023) 2,300.00 (09 Jan 2008) TATACOFFEE 267.95 270.6 269.50 (03 Nov 2023) 1,675.00 (08 May 2013) WELCORP 447.5 461.9 457.55 (17 Oct 2023) 537.70 (17 Jan 2008) ZOMATO 122.9 123.9 120.00 (03 Nov 2023) 169.10 (16 Nov 2021) Share Market Today LIVE | JK Cement shares jump 6% after Q2 results beat analysts' estimate; should you buy, sell or hold?
Shares of JK Cement, one of the leading manufacturers of grey cement in India, trades 8.52 per cent higher at Rs 3,398.5 on NSE after the company posted its July to September quarter (Q2 FY24) results, which were better than estimates.
Anil Singhvi's view
Zee Business Managing Editor Anil Singhvi has recommended buying shares of JK Cement on the back of strong margins and operational performance. He has given various targets of Rs 3,190, Rs 3,225, and Rs 3,240 apiece, with a stop loss of Rs 3,100 apiece.
Brokerage view
Jefferies has maintained a 'hold' on JK Cement shares with a target of Rs 3,310 apiece. Read more
Share Market Today LIVE | Sensex surges over 500 pts, Nifty near 19,400; all sectors gain
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Protean eGov Technologies IPO gets subcribed 0.6 times so far on Day 1
On Monday (Day 1), Protean eGov Technologies IPO's share sale has received bids for 26,32,428 crore shares against 43,78,700 shares on offer. Overall, the public issue was subscribed 60 per cent until the time of filing this report. Read more on Protean eGov Technologies IPO
Category Subscription (No. of times the equity reserved) Qualified institutional buyers Nil Non-institutional investors 0.76 Retail investors 0.91 Overall 0.6 Source: Exchange data
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 19,225-192,75 levels and a strong buy zone at 19,125-19,175 levels on Monday, November 6. For the Nifty Bank, he expects support at 43,225-43,325 levels and a strong buy zone at 43,025-43,150 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nykaa shares gain nearly 5%
Shares of FSN E-Commerce Ventures, operating fashion-to-jewellery e-retailer Nykaa, trade higher by nearly 5 per cent at Rs 146.95. The company is scheduled to release its September quarter numbers later today. Read more
Share Market Today LIVE | PB Fintech shares gain over 4% as Q2 loss narrows to Rs 21 crore
Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, gain as much as 4.55 per cent to the day’s high of Rs 583 on BSE. The stock witnessed sharp gains after the net loss at the firm for the September quarter came in sharply lower on a year-on-year (YoY) basis to Rs 21 crore. The figure was Rs 187 crore in the corresponding quarter of the previous fiscal. Read more
ESAF Small Finance Bank IPO | Should you apply? Here' what Anil Singhvi suggests
So far on Monday (Day 2), ESAF Small Finance Bank's share sale have received bids for 22,88,04,250 crore shares against 5,77,28,408 shares on offer, an overall subscription of 3.96 times. Anil Singhvi suggests subscribing to the issue for a good listing gain and for the long term. He points out the following key points about the company:
Positive:
- Valuations attractive on the book value and RoE fronts
- Strong background of promoters
Negative:
- Mostly present in southern parts of the country. Read more
Share Market Today LIVE | Data Patterns posts strong Q2 results; stock rises over 5%
Data Patterns (India) shares jump as much as 5.4 per cent to touch the day's high of Rs 2,030.75 apiece. The buying interest in the stock is being witnessed after the aerospace and defence solution provider posted its July to September (Q2FY24) quarter numbers. Read more
Share Market Today LIVE | IndiGo shares jump after airline reports surprise Q2 profit; should you buy, sell or hold the stock?
InterGlobe Aviation shares are in high demand on Monday after the company, which owns and operates the IndiGo airline, staged a strong quarterly financial performance amid steady demand for air travel. IndiGo shares gain by as much as Rs 71, or 2.8 per cent, to Rs 2,579.4 apiece in morning deals on BSE. After market hours on Friday, InterGlobe Aviation reported a surprise net profit of Rs 189 crore for the July-September period, though it was down 93.8 per cent on a quarter-on-quarter basis. That marked the company's fourth profitable quarter in a row. Read more
Share Market Today LIVE | Cello World shares list at 28% premium over issue price; here is what investors may do
Consumer products company Cello World's shares makes a strong debut on Dalal Street on Monday, November 6. The stock of Mumbai-based Cello World, a manufacturer of consumer-ware products in categories such as glassware, opalware, melamine and porcelain, opens at Rs 831 apiece on BSE, a premium of Rs 183 or 28.2 over the upper end of the issue price range of Rs 617-648 apiece.
EDITOR'S TAKE | Investors may hold Cello World shares with a stop loss at Rs 775
Zee Business Managing Editor Anil Singhvi, who earlier advised subscribing to the issue for small listing gains and for the long term, suggests investors hold on to their positions with a stop loss at Rs 775. He expected the Cello World stock to list in the Rs 825-850 range, a premium of up to 31.2 per cent. Read more
Share Market Today LIVE | How Titan shares are faring after CLSA upgrades its rating to 'buy' post Q2 results
After CLSA upgrades Titan's rating to 'buy' post second-quarter results, shares of the Tata Group company edge higher .The stock trades flat 0.17 per cent higher at Rs 3,280.2 on NSE. Brokerage CLSA has upgraded Titan to 'buy' from 'outperform'. The brokerage has raised Titan's share price target to Rs 3,948 from Rs 3,948. Read more
Share Market Today LIVE | SBI shares flat post better-than-expected Q2 show; Jefferies most bullish
Shares of State Bank of India trade 0.45 per cent lower at Rs 575.55 post reporting its better-than-expected Q2 earnings report last Friday.
Brokerages’ view on SBI post Q2 performance
All in all, global brokerages have retained their previous rating on the counter with Goldman Sachs revising the target price lower and Jefferies increasing it further. Here’s listed the global brokerages’ take on the stock post the lender's better-than-expected Q2 show.Read more
Share Market Today LIVE | Zomato shares clock 52-week high after 2nd profitable quarter; CLSA sees 56% upside
Zomato shares rally over 4.5 per cent to clock a fresh 52-week high of Rs 121.9 apiece in the early trade on the NSE on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from 'buy' rating as it continued to be profitable for the second straight quarter, driven by strong revenue growth. The stock's previous 52-week high level was Rs 119.9 clocked in Friday's session.
The company impressed D-Street with its Q2 earnings, which were released on Friday, November 3. It reported Rs 36 crore as net profit during the July–September quarter, as against Rs 251 crore loss incurred in the same quarter last year.
Zomato shares trade 3.39 per cent higher at Rs 120.45, continuing the winning streak for the third session. In addition, a block deal of Rs 1.38 crore exchanged hands in Zomato, as per the Zee Business report.
CLSA has raised the target to Rs 168 from Rs 120, translating to an upside of over 56 per cent from Friday's close. "Zomato reported sales and PAT of -1 per cent and/+8 per cent versus Bloomberg consensus, with 20 per cent YoY gross order value (GOV) growth in food delivery and 86 per cent in quick commerce," the brokerage's note added. Read more
Image source: Reuters Currency Update | Rupee rises 4 paise to 83.16 against US dollar in early trade
Share Market Today LIVE | Nifty above 19,300, Sensex rises nearly 300 pts; all sectors gain
Nifty 50
Nifty trades above 19,300, up 0.49 per cent in opening deals.
Source: NSESensex
Sensex rises nearly 300 points, up 0.47 per cent in opening deals.
Source: BSE
Dividend Stocks | Colgate Palmolive, IRB Infra, Shriram Finance, Mindspace Business, MPS to trade ex-date today
A total of five stocks—Colgate Palmolive, Mindspace Business, Shriram Finance, IRB Infrastructure and MPS—will trade ex-dividend on Monday, November 6, according to the NSE website.
Colgate dividend 2023 record date, Colgate dividend payment date 2023
Colgate Palmolive (India) has announced a dividend of Rs 22 per equity share with a face value of Re 1, i.e., a 2,200 per cent payout to its shareholders. The FMCG major has fixed November 6 as the record date. The said interim dividend will be paid
on and from November 21.IRB Infra dividend record date 2023, IRB Infra dividend payment date
IRB Infrastructure has announced an interim dividend of Rs 0.1 per equity share with a face value of Re 1, i.e., a 10 per cent payout. The record date is also November 6. "The Interim dividend shall be paid within stipulated timelines as prescribed under law," the company in its regulatory filing said. Read more
Stocks to Watch | SBI, Nykaa, Bajaj Electricals, Divi’s Laboratories among stocks to track today
ZeeBiz takes you to the list of stocks that will be on focus today, November 6.
Results today, November 6: AIA Engineering, Hitachi Energy, Adani Energy, Bajaj Electricals. Bharat Forge, Bikaji Foods, Borosil Renewables, Barbeque Nation, Zydus Wellness, Dalmia Sugar, Divi’s Laboratories and Nykaa among others will announce their results for the second quarter (Q2FY24) today.
SBI: SBI on Saturday announced its Q2 results with PAT coming in at Rs 16,100 crore as against 14,752 crore in the same quarter a year ago.
Shipping Corporation of India: The shipping company on Friday for the Q2 period reported PAT at Rs 66 crore versus Rs 114 crore in the year-ago period.
Procter and Gamble Hygiene and Health: The personal products company’s shares will be in focus post its second quarterly performance.
Affle India: The marketing consulting services firm posted PAT at Rs 67 crore for the Q2 period versus Rs 59 crore in the same period last year. Read more
Share Market Today LIVE | GIFT Nifty futures indicate positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 158.5 points or 0.82 per cent at 19,454.5 ahead of the opening bell on Dalal Street.
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