Share Market HIGHLIGHTS: Nifty almost makes it to 19,450 as D-St ends choppy session mildly higher
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex started Tuesdays session on a sluggish note amid mixed moves across global markets. 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 started Tuesday's session on a sluggish note amid mixed moves across global markets.
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
Closing Bell | Sensex ends 16 pts lower, Nifty barely in the red at 19,407 as bulls halt 3-day run
The Sensex ends with a cut of 16.3 points at 64,942.4 and the Nifty settles at 19,406.7, down 5.1 points for the day.
Here's how the indices moved through the day:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
With that, both indices put an end to a rally of 2.2 per cent each in the past three days, wherein the Senesx added 1,367.4 points and the Nifty jumped 422.6 points.
Share Market Tips LIVE | Buy EIL, Sansera Engineering shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying EIL shares for a target of Rs 140 with a stop loss at Rs 123. Besides, he recommends buying Sansera Engineering shares for a target of Rs 900 with a stop loss at Rs 845.
Share Market Today LIVE | HPCL shares gain 4% after OMC turns profitable in Q2
Shares of Hindustan Petroleum Corporation (HPCL) in Tuesday’s session (November 7) gain 4 per cent hitting day’s high of Rs 272.8 per share after the company returned to profitability in the July-September period.
For the reporting quarter, the state-run oil marketing company logged a consolidated net profit of Rs 5826.96 crore as against loss of Rs 2475.69 crore in the year-ago period given the low crude prices as well as higher gross refining margin (GRM). Read more
Share Market Today LIVE | Nifty, Sensex trim losses
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Nifty Bank trades over 150 pts lower
Source: NSE
Share Market Today LIVE | Protean eGov Technologies IPO gets subscribed 1.83 times on Day 2 so far
On Tuesday (Day 2), Protean eGov Technologies IPO's share sale have received bids for 80,33,220 crore shares against 43,78,700 shares on offer. Overall, the public issue is being subscribed 1.83 times. Read more
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 0.01 Non-institutional investors 2.87 Retail investors 2.53 Overall 1.83 Source: Exchange data
Nifty Today LIVE | HDFC Bank, ICICI Bank, RIL, ITC among top drags in Nifty 50
On the contrary, Dr Reddy, ITC, Sun Pharma, NTPC and ONGC are among the top movers of the index.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Mamaearth parent Honasa Consumer IPO Listing | Shares list at premium of 1.85% on NSE
Shares of Honasa Consumer Limited, which owns Mamaearth and The Derma Co., debuts at Rs 330 - a premium of 1.85 per cent against the issue price of Rs 324 apiece, on the National Stock Exchange. On the BSE, the stock debuts flat at Rs 324 apiece. Read more
Stocks to Buy | L&T, Tata Motors, Hero MotoCorp among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Avinash Gorakssakar and Kunal Saraogi share their top stock recommendations in this special segment, Pick of the Day. On the analysts' 'buy' list are stocks such as Tata Elxi, Patanjali Foods, Hero MotoCorp, Tata Motors, Larsen & Toubro (L&T) and Exide Industries. Read more
Share Market Today LIVE | SAIL stock sinks after Citi downgrades rating, slashes target price
Shares of Steel Authority of India Limited (SAIL) trade 1.15 per cent lower at Rs 85.85 on NSE after Citi downgraded its rating for the company and cut the share price target. Citi has downgraded the Maharatna company to 'sell' from 'buy', cutting the share target price to Rs 80 from Rs 110. Read more
Share Market Today LIVE | IRCTC shares edge higher ahead of board meet to consider Q2 results, interim dividend
Indian Railway Catering and Tourism Corporation (IRCTC) shares edge higher on Tuesday, November 7 ahead of the Indian railway PSU's financial results for July-September quarter. The counter trades near the day's high at Rs 676.55, up 0.75 per cent on NSE, continuing the winning streak for the third day. The Board of IRCTC will also consider announcement of an interim dividend for shareholders. Read more
Share Market Today LIVE | Nykaa extends rally post robust Q2 performance; stock climbs 10% in 2 days
Shares of the fashion-to-cosmetic products e-tailer gain as much as five per cent to Rs 154.8 after the company’s strong Q2 show on NSE.
Here’s what brokerages suggest on Nykaa post-Q2 earnings
Global brokerages are largely divided in their view on the counter post the company’s earnings. Holding a bullish stance, Morgan Stanley maintained its ‘overweight’ rating on the stock with a target price of Rs 173, while Jefferies retained its ‘Buy’ call with a target of Rs 200, implying an over 35 per cent upside from the last price. Read more
Share Market Today LIVE | Gland Pharma stock gets a shot in the arm after firm's US business picked up in Q2, brokerages increase target price
Gland Pharma shares trade over 5 per cent higher at Rs 1,659.25 on NSE after leading brokerages raised their target prices on the counter after the pharma company reported mixed Q2 numbers. Read more
Currency Update | Rupee falls 4 paise to 83.25 against US dollar in early trade
Share Market Today LIVE | Sensex trades nearly 150 pts lower, Nifty above 19,350
Nifty 50
Source: NSESensex
Source: BSE
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 19,315-19,365 levels and a strong buy zone at 19,200-19,275 levels on Tuesday, November 7. For the Nifty Bank, he expects support at 43,325-43,425 levels and a strong buy zone at 43,150-43,225 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Anupam Rasayan, IRCTC, Devyani International, and Cochin Shipyard
ZeeBiz will take you to the list of stocks that will be on focus on Tuesday (November 7).
Results today, November 7: Atul Auto, Alkyl Amines, Avanti Feeds, Ansal Housing, Alkem Laboratories, Anupam Rasayan, Apollo Tyres, Alok Industries, Zydus Lifesciences, Cummins India, CRISIL, Dilip Buildcon, Cochin Shipyard, Devyani International, Dalmia Industries, Deepak Nitrite, DB Realty, Greaves Cotton, GSFC, Hester Biosciences, IRCTC, JB Chemicals, Inox Wind, and KIMS, among others, will announce their results for the second quarter (Q2FY24) on Tuesday.
Nykaa: The e-tailer on Monday posted a 50.28 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 7.80 crore versus Rs 5.19 crore in the same quarter last year.
VRL Logistics: The logistics solution provider has posted a standalone net profit at Rs 19.7 crore versus Rs 31.5 crore in the corresponding quarter last year. In the June quarter, the company’s bottom line stood at Rs 33.9 crore.
Atul Ltd: The specialty chemicals company’s board will meet on Tuesday to mull share buyback. This shall be the company’s maiden buyback offer.
Honeywell Automation: The industrial products company for the Q2 period posted an income of Rs 1104 crore versus Rs 794 crore posted in the year-ago period. Read more
Share Market Today LIVE | GIFT Nifty futures indicate sluggish ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 21.5 points or 0.11 per cent at 19,462.5 ahead of the opening bell on Dalal Street.
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