Share Market HIGHLIGHTS: Nifty ends at 19,425, Sensex up 72 pts; ONGC up 2% ahead of results today
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex suffered ended a choppy session in on Friday, the last session of Samvat 2079, amid mixed moves across global markets. Catch minute-by-minute updates of all the action 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 Today LIVE: Domestic equity benchmarks Nifty50 and Sensex finished a choppy session mildly higher on Friday, November 10, the last trading day of Samvat 2079, amid mixed moves across global markets.
Catch highlights of all the action 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.com's blog:
Latest Updates
Closing Bell | Sensex ends 72 pts higher, Nifty at 19,425; NTPC, ONGC top blue-chip gainers, up 2%; Hero MotoCorp drops 2%
Share Market Today LIVE | Nifty, Sensex near the day's highs
Nifty
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | Coal India, DLF, HAL, other stocks hit 52-week highs
As many as 26 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) AJANTPHARM 1,886.70 1,910.00 1,903.85 (13 Sep 2023) 3,450.00 (12 Mar 2015) ASTRAZEN 4,647.65 5,000.55 4,951.00 (09 Nov 2023) 5,000.55 (10 Nov 2023) AUROPHARMA 982.6 984 958.00 (09 Nov 2023) 1,650.00 (07 Jan 2000) CAPPL 1,191.20 1,229.00 1,138.85 (12 Oct 2023) 1,639.00 (03 Sep 2015) COALINDIA 323 326.1 324.50 (09 Nov 2023) 447.25 (05 Aug 2015) CREDITACC 1,698.05 1,724.95 1,714.95 (07 Nov 2023) 1,724.95 (10 Nov 2023) DLF 605.65 607.75 605.60 (09 Nov 2023) 1,225.00 (15 Jan 2008) FORTIS 358.3 359.9 352.00 (31 Jul 2023) 359.90 (10 Nov 2023) GODREJPROP 1,818.75 1,861.55 1,837.25 (09 Nov 2023) 2,598.00 (14 Oct 2021) HAL 2,057.05 2,110.50 2,090.00 (11 Sep 2023) 4,180.00 (11 Sep 2023) IDEA 13.77 14.45 14.37 (03 Nov 2023) 203.90 (17 Apr 2015) KPITTECH 1,374.95 1,375.00 1,344.00 (09 Nov 2023) 1,375.00 (10 Nov 2023) LALPATHLAB 2,678.70 2,742.95 2,742.00 (09 Nov 2023) 4,243.00 (15 Sep 2021) MEDANTA 905.6 913.6 868.40 (09 Nov 2023) 913.60 (10 Nov 2023) METROBRAND 1,297.30 1,319.40 1,305.25 (07 Nov 2023) 1,319.40 (10 Nov 2023) NESCO 754.5 772.8 746.30 (05 Sep 2023) 2,936.00 (08 Sep 2017) NMDC 168.85 169.5 167.55 (17 Oct 2023) 16,584.10 (06 Nov 2007) PFC 288.3 288.4 280.50 (09 Nov 2023) 383.00 (14 Oct 2010) POWERGRID 210.95 212.9 210.50 (09 Nov 2023) 266.85 (31 Jul 2023) PRESTIGE 876.35 889 877.50 (09 Nov 2023) 889.00 (10 Nov 2023) RECLTD 326 326.3 321.70 (09 Nov 2023) 409.50 (11 Oct 2010) SOLARINDS 6,092.20 6,249.95 6,229.50 (09 Nov 2023) 6,249.95 (10 Nov 2023) SONATSOFTW 1,316.00 1,322.00 1,315.05 (09 Nov 2023) 2,936.60 (16 Feb 2000) SWANENERGY 420.8 446.5 419.80 (09 Nov 2023) 4,928.25 (12 Oct 2006) TORNTPOWER 777.6 788.35 788.00 (09 Nov 2023) 788.35 (10 Nov 2023) TRENT 2,490.00 2,509.10 2,504.95 (08 Nov 2023) 2,509.10 (10 Nov 2023) Share Market Today LIVE | Nifty IT down nearly 100 pts
Source: NSE
Share Market Today LIVE | Buy Federal Bank shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking expects Federal Bank shares to rise to as high as Rs 155 by the next week and believes the lender's stock may be poised to stage even stronger moves from there on.
He suggests buying Federal Bank shares at the current juncture for short-term levels of Rs 153 and Rs 155 with a stop loss at Rs 146.
Share Market Today LIVE | Brokerages cut target on Piramal Enterprises post Q2; stock down 5%
Piramal Enterprises shares trade 4.15 per cent lower at Rs 945.45 on NSE. The selling pressure was witnessed after CLSA, Jefferies, and Citi cut their target price on the stock.
Brokerages' view
CLSA maintained a 'reduce' rating on the stock and cut the target to Rs 1,050 apiece from Rs 1,150.Jefferies also continued with an 'underperform' rating and cut the target to Rs 855 apiece from Rs 920. According to the brokerage, the second quarter's profit before tax (PBT) was well below their estimates amid a tad lower net interest income (NII), higher opex, and provision, which offset higher other income. Read more
Share Market Today LIVE | Nifty Bank should sustain gains till end of Dhanteras day, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities points out that the overall pattern in the banking index with no sign of sharp selling up ahead despite a weak start to the day. He says that historically, the Nifty and Nifty Bank generally close higher on the day of Dhanteras.
He highlights that the buying has emerged in the Nifty Bank after the index successfully crossed its 200-day moving average (DMA). He expects it to cross its 50-DMA as well, which stands near 44,300.
Chheda suggests placing a stop loss at 43,600 for chasing the target of 44,300 in Nifty Bank futures.
Share Market Today LIVE | Nifty above 19,400; financial stocks trade in green
Source: NSE
Share Market Today LIVE | Buy Nifty50 19,400 call option at Rs 60-70, says Nilesh Jain
Nilesh Jain of Centrum Broking shares a derivatives trade recommendation.
He suggests buying the Rs 19,400 call option of the index at Rs 60-70-odd levels for targets of Rs 100, Rs 130 and Rs 150 with a stop loss at Rs 45.
Share Market Today LIVE | Buy Blue Star shares, says Ambareesh Baliga
Independent market analyst recommends Blue Star as a positional pick as Dalal Street enters the day of Dhanteras. He has placed his target for Blue Star shares at Rs 1,080.
He expects Blue Star's earnings per share (EPS) to stand at Rs 27 in FY25.
Share Market Today LIVE | Buy Engineers India shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking expects a strong upmove in Engineers India shares. He suggests buying the stock for the day and for the next week for targets of Rs 141 and Rs 145 with a stop loss at Rs 130.
Nifty Today LIVE | Infy, M&M, RIL, TCS, Titan among top drags in Nifty 50
Source: NSE
Dhanteras 2023 pick | Analysts share their top stock picks for high returns
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sacchitanand Uttekar, Rajesh Palviya, Sumeet Bagadia, Sandeep Wagle and Siddharth Sedani share their top recommendations for the next one year on the day India celebrates Dhanteras, in this special segment, Dhan Barse Share.
On the top analysts' 'buy' list are stocks such as HDFC AMC, Steel Authority of India (SAIL), JK Lakshmi Cement, Apollo Tyres, Larsen and Toubro (L&T) and LTIMindtree. Read more
ESAF Small Finance Bank shares make a strong debut on Dalal Street; here's what investors may do
ESAF Small Finance Bank (ESAFSFB) shares make a strong debut on Dalal Street on Friday, November 10. The stock enters the listed space at Rs 71.9 apiece on BSE, a premium of 19.8 per cent over the upper end of the price range of the lender's IPO. ESAF SFB shares begins their journey on NSE at Rs 71 apiece, a premium of 18.3 per cent.
The listing is in line with Zee Business Managing Editor Anil Singhvi's expectations. Read more
Share Market Today LIVE | Rekha Rakesh Jhunjhunwala-held stock declines; Jefferies double-downgrades it to 'Hold'
Nazara Technologies, the Rekha Rakesh Jhunjhunwala-held stock, starts Friday's session (November 10) on a weak note after the company missed estimates in its quarterly performance. Nazara Tech shares trade at 808.75, down 1.71 per cent on BSE. For the three months ended September 30, the company posted a rise in its topline to Rs 300 crore, up 17 per cent sequentially, but this was below the Street's estimates. The miss was on the back of lower ad-tech revenue, which declined 17 per cent sequentially and 37 per cent year-on-year (YoY).
Nazara Technologies share price target: Brokerages downgraded the stock after the company's Q2 numbers
Jefferies, on the other hand, has double-downgraded the stock to a 'hold' rating from the earlier 'buy' call. The brokerage has slashed its target price on the gaming company to Rs 770. CLSA maintains a sell rating on the counter but has raised the target to Rs 590 from the earlier Rs 500. Read more
Share Market Today LIVE | Nifty Bank trades nearly 100 pts lower, down 22%
Source: NSE
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,300-19,330 and a strong buy zone at 19,200-19,235 levels on Friday, November 10. For the Nifty Bank, he expects support at 43,425-43,550 levels and a strong buy zone at 43,225-43,325 levels. Read more
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 1 paisa to 83.28 against US dollar in early trade
Share Market Today LIVE | Sensex drops over 200 pts, Nifty trades below 19,350
Nifty 50
Nifty trades below 19,350, down 0.25 per cent in opening deals.
Source: NSESensex
Sensex drops over 200 points to trade at 64,630.68 in opening deals.
Source: BSE
Stocks to Watch | Glenmark Pharma, LIC, Mrs. Bectors Food among stocks to track on Friday
Zee Business will take you to the stocks that will be in focus on November 10:
Corporate results today (November 10): Apollo Microsystems, Allcargo Logistics, BSE, 3M India, Biocon, Cressanda Solutions, Igarashi Motors, Bambino Agro Industries, Eureka Forbes, Esab India, Eicher Motors, Fortis GVK Power, HAL, Hindalco, Mangalam Organics, HUDCO, LIC India, Mrs. Bectors Food, Glenmark Pharma and M&M among others will declare their September results today.
Gold stocks: On the auspicious occasion of Dhanteras today, gold retailers will gain focus.
BEML: On Thursday, the engineering and industrial equipments company posted its September quarter results. The company's standalone net profit was Rs 52.1 crore in the reporting quarter versus Rs 16.4 million in the previous year.
Force Motors: The company's net profit surged steeply to Rs 93.9 crores in the September quarter of FY24 from Rs 19.2 crore in the same period last year.
Nazara Technologies: The company in the Q2 period missed on its topline even though YoY revenue soared 17 per sequentially to Rs 300 crore. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 92.5 points or 0.47 per cent at 19383.5 ahead of the opening bell on Dalal Street.
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