Share Market HIGHLIGHTS: Sensex ends 486.5 pts higher, Nifty50 reclaims 22,550 as D-Street continues to rise for 5th day in a row; Axis Bank soars 6%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to rise for the fifth session in a row on Thursday, April 25.
Catch all the highlights of the April 25 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex continued to rise for the fifth session in a row on Thursday, April 25.
Catch all the highlights of the April 25 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today: Sensex ends 486.5 pts higher, Nifty50 reclaims 22,550 as D-Street extends gains to 5th session in a row
Share Market Today LIVE: Sensex up 573 pts at 74,426, Nifty at 22,579.35 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex up 536.56 pts at 74,389.50
- Nifty up 175.10 pts at 22,316.90
- Nifty Bank up 0.67 pts at 48,511.60
Share Market Today LIVE | ICICI Bank Q4 preview: Standalone profit to likely increase by 12.9% to Rs 10,300 crore
ICICI Bank, the country's second-largest private lender, will come up with its fourth-quarter earnings on April 27, 2024 (Saturday).
Zee Business Research desk estimates the bank to post a standalone profit of Rs 10,300 crore in the March quarter, an increase of 12.9 per cent in comparison to Rs 9121.9 crore in the same period of the previous year.
Share Market Today LIVE: Divi's Labs, Hindalco futures, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities shares two recommendations with Zee Business viewers:
- Buy Divi's Labs futures (May) for a target of Rs 4,000 with a stop loss at Rs 3,810
- Buy Hindalco futures (May) for targets of Rs 670 and Rs 680 with a stop loss at Rs 625
Share Market Today LIVE: Bajaj Finserv to report Q4 results on Friday; here's what to expect
According to Zee Business research, Bajaj Finserv is estimated to register a consolidated net profit of Rs 2,300 crore for the January-March period, which translates into an increase of 30 per cent on a year-on-year basis.
The NBFC's fourth-quarter revenue is expected to increase 31.4 per cent to Rs 31,065 crore.
Share Market Today LIVE | This BSE100 stock has jumped 66% in one year; BofA Securities double upgrades it, raises target by 45%
Shares of Bharat Forge, one of the leading names in the auto component space, jump as much as 7 per cent after BofA Securities double-upgraded the stock to buy from underperform. Moreover, the brokerage has raised the target price by an impressive 45 per cent to Rs 1,450 from Rs 1,000 earlier. Read more
Nifty Today LIVE | Kotak Bank, HUL, Bajaj Finance, Maruti Suzuki among top drags
Kotak Bank, HUL, Bajaj Finance, and Maruti Suzuki are this hour's top drags in the Nifty baskets. On the contrary, Axis Bank, ICICI Bank, State Bank of India, and HCL Tech are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | LTIMindtree shares decline 2% after brokerages trim target price post-Q4 results
LTIMindtree shares decline over two per cent to the day's low of Rs 4,611.7 on NSE after major brokerages trimmed target price following the country's fifth largest IT company by market value's Q4 earnings report that missed Street's estimates.
LTIMindtree Q4 results
On Wednesday, LTIMindtree, the country's fifth largest IT company by market value, posted a consolidated net profit of Rs 1,099.9 crore for the January-March period, down 5.9 per cent on a quarter-on-quarter basis and falling short of analysts' expectations. Its fourth-quarter revenue declined 1.4 per cent sequentially to Rs 8,892.9 crore, according to a regulatory filing. Read more
LTIMindtree share price target
LTIMindtree | ||
Brokerage | New Rating | Target (INR) |
Jefferies | Underperform | 3960 |
Morgan Stanley | Equal-weight | 4600 |
Citi | Sell | 4165 |
Goldman Sachs | Buy | 5770 |
Macquarie | Outperform | 6250 |
Nomura | Underperform | 4170 |
HSBC | Hold | 5380 |
Stocks to Buy | ICICI Bank, Tata Motors, DLF, Havells, SBI Cards, AU Small Finance Bank among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia and Vikas Sethi share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as ICICI Bank, Tata Motors, DLF, Havells, SBI Cards, AU Small Finance Bank, Deepak Nitrite, Ircon International, GNFC and Anant Raj. Read more
Share Market Today LIVE | Kotak Bank shares hit all-time low after RBI ban; Jefferies trims target price
Shares of Kotak Mahindra Bank tank as much as 13 per cent to hit an all-time low of Rs 1,602 on the NSE, after the Reserve Bank of India (RBI) last evening announced certain business restrictions on the private sector lender.
The Reserve Bank of India (RBI) has barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards immediately after the regulator found "serious deficiencies" in the lender's IT risk management.
Kotak Mahindra Bank share price target
Jefferies has maintained a hold call on Kotak Mahindra Bank. The brokerage has trimmed the target on the bank stock to Rs 1,970 from Rs 2,050. Read more
Image: Reuters