Share Market HIGHLIGHTS: Sensex ends over 900 pts higher, Nifty50 reclaims 22,600 led by financial stocks
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex staged a sharp upmove on Monday, powered by strong buying interest in financial and energy shares, as Dalal Street tracked positive signals from global markets on the back of easing tensions in the Middle East and cooling oil prices.
Catch all the highlights of the April 29 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 staged a sharp upmove on Monday, powered by strong buying interest in financial and energy shares, as Dalal Street tracked positive signals from global markets on the back of easing tensions in the Middle East and cooling oil prices.
Catch all the highlights of the April 29 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
Forex Market Update: Rupee settles at 83.48 vs dollar
The rupee ends 10 paise weaker for the day at a provisional 83.48 against the greenback.
Share Market Today: Nifty 7 pts shy of 22,650, Sensex soars over 900 pts led by financial stocks
Share Market Today LIVE: Triveni Engineering, Balrampur Chini, IEX, EIH among analysts' top picks this week
Kunal Saraogi of Equity Rush expects the strong momentum in IEX shares last week to continue.
He suggests buying the futures for targets of Rs 163 and Rs 165 with a stop loss at Rs 158.
Share Market Today LIVE: Buy Balrampur Chini futures, says Mehul Kothari
Mehul Kothari of Anand Rathi believes Balrampur Chini shares are on the verge of a breakout given a bullish pattern on the charts. Kothari suggests buying the futures at Rs 400 for a target of Rs 424 with a stop loss at Rs 388. Read more
Share Market Today LIVE: ICICI Bank, HDFC Bank, TCS among top Sensex movers; HCLTech plays spoilsport
Image: BSEIndia.com
Share Market Today LIVE: ICICI Bank, IndusInd Bank, UltraTech, Tech Mahindra, Axis Bank rise most among 25 Sensex gainers
Image: BSEIndia.com
Nifty Today LIVE | ICICI Bank, RIL, HDFC Bank among top movers in 50-scrip basket
ICICI Bank, RIL, HDFC Bank and L&T are the top movers in Nifty baskets at this hour. On the contrary, HCL Tech, Apollo Hospitals, Bajaj Auto and ITC are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | RBL Bank shares dip despite strong Q4 results
Private sector lender RBL Bank shares dip on D-Street despite reporting strong Q4 results. RBL Bank on Saturday posted a 30 per cent rise in the post-tax net profit for the March quarter at Rs 353 crore, driven by non-interest income. The RBL Bank stock slip as much as 3.16 per cent to the day's low of Rs 257 on NSE.
RBL Bank Q4 results review: Here's what Anil Singhvi suggests
Zee Business Managing Editor Anil Singhvi suggested buying RBL Bank futures for targets of Rs 271, Rs 273 and Rs 278 with a stop loss at Rs 262, with some profit booking expected at higher levels. "Performance strong on all parameters. Don't buy if the stock makes a big gap-up start," he added. Read more
Share Market Today LIVE | HCLTech shares slip 5% after weak Q4 results; brokerages cut target price
HCLTech shares decline over five per cent to the day's low of Rs 1,399.05 on NSE after global brokerages trimmed the targets on the IT stock following a weak Q4 earnings report, falling short of analysts' expectations. Read more
HCLTech share price target: Brokerages trim targets
| HCL Tech | |||
| Brokerage | Rating | New Target (INR) | Old Target (INR) |
| Jefferies | Hold | 1390 | 1550 |
| Morgan Stanley | Overweight | 1650 | 1730 |
| JP Morgan | Neutral | 1470 | 1480 |
| Goldman Sachs | Neutral | 1370 | 1440 |
| Nomura | Neutral | 1400 | 1500 |
| Citi | Neutral | 1520 | 1615 |
Share Market Today LIVE | BSE shares crack nearly 18% on regulatory fee action; Jefferies double downgrades the stock
Shares of BSE crack as much as 17.6 per cent on the NSE as capital market regulator Sebi wrote a letter to the exchange on the lesser payment of regulatory fees. The Sebi said that BSE has to pay the regulatory fees on notional value.
Reacting to the development, Jefferies has double-downgraded the stock to "hold" from "buy," and the target price has been cut to Rs 2,900 and Rs 3,000.
It must be noted here that Sebi had introduced the 'regulatory fee' on recognised stock exchanges vide the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006, wherein the stock exchanges would have to pay a regulatory fee to the Board within thirty days of the conclusion of the relevant financial year. Read more
Share Market Today LIVE | Nifty near 22,500, Sensex rises nearly 300 pts in opening deals
Nifty50
Source: NSE
Sensex
Source: BSE
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 22,300-22,375 levels and a strong buy zone at 22,150-22,200 levels for the headline Nifty50 index on Monday, April 29. For the Nifty Bank, he expects support to come in at 47,900-48,075 levels and a strong buy zone at 47,625-47,775 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on Maruti Suzuki, RBL Bank, ICICI Bank, Patanjali Foods, Mahindra Holidays, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Monday, April 29, 2024. Here's the complete list of 20 stocks on analysts Varun Dubey and Kushal Gupta's watchlists, including Maruti Suzuki, Mahindra Holidays, RBL Bank, ICICI Bank, Havells India, IREDA, Patanjali Foods, Utkarsh Small Finance Bank and Axis Bank.
Varun Dubey
- Buy IRCON International shares in the cash segment for a target of Rs 260 with a stop loss at Rs 245
- Sell HCLTech futures for a target of Rs 1,420 with a stop loss at Rs 1,485
- Buy the Rs 12,800 call option of Maruti Suzuki India for a target of Rs 550 with a stop loss at Rs 380
- Technical pick: Buy Havells for a target of Rs 1,700 with a stop loss at Rs 1,610
- Fundamental pick: Buy IREDA shares for a target of Rs 178 with a stop loss at Rs 167
- IPL pick: Buy Metro Brands shares for a one-year target of Rs 1,400
- News-based pick: Buy AU Small Finance Bank shares for a target of Rs 625 with a stop loss at Rs 590. Read more
Stocks to Watch | ICICI Bank, HCL Tech, Maruti Suzuki, SBI Life, Britannia
Here are some stocks that will be in focus on Monday, April 29:
Results on April 29: UltraTech Cement, Birlasoft, Trent, Can Fin Homes, and Tata Chemicals will announce their Q4 results.
Maruti Suzuki: The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices. The auto major had reported a net profit of Rs 2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.
SBI Life: The insurance company reported a consolidated net profit of Rs 810.8 crore for the January-March period against Rs 776.85 crore year-on-year (YoY).
Britannia: The company will announce its Q4 results on May 3, 2024. Read more