Share Market HIGHLIGHTS: Sensex ends 45 pts lower at 73,466, Nifty at 22,302.5; BPCL jumps 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session almost unchanged as losses in financial and IT shares offset gains in energy and auto stocks. Catch all the highlights of the May 8 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.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished yet another volatile session almost unchanged on Wednesday, as losses in financial and IT shares offset gains in energy and auto stocks.
Catch all the highlights of the May 8 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:
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Share Market Today: Sensex ends volatile session 45 pts lower at 73,466, Nifty flat at 22,302.5; BPCL jumps 3%
Share Market Today LIVE | Sensex down 13 pts at 73,498, Nifty at 22,306 as market enters last 30 minutes of trade
As the share market enters the last 30 minutes of trade, major indices are currently at the following levels:
- Sensex is down 13 points at 73,498
- Nifty is down 4 points at 22,306
- Nifty Bank is down 209 points at 48,075
Share Market Today LIVE | Bharat Forge shares hit record high after Kalyani group firm posts 78% jump in Q4 profit
Bharat Forge shares clinched a record high on Wednesday after the Pune-headquartered company reported its financial results for the January-March period.
The stock of the Kalyani group firm strengthened by as much as Rs 116, or 9.3 per cent, to an all-time high of Rs 1,356.2 apiece on BSE.
Share Market Today LIVE | Tata Power Q4 Results Preview: Tata group electricity generator likely to clock 22% PAT jump, 193 bps margin improvement
Tata group power generation company Tata Power is all set to report its financial results for the quarter as well as the year ended March 31 on Wednesday, May 8.
Stock Market Today LIVE: Bharat Forge shares zoom to all-time high; here's what's driving the stock
Bharat Forge reports a 77.8 per cent jump in consolidated net profit to Rs 227.1 crore for the March quarter, sending its shares soaring to a record high of Rs 1,356.2 apiece.
Share Market Today LIVE: Sensex up 22 pts at 73,534; take a look at top gainers and losers
NTPC, Tata Motors, and Power Grid are the top gainers. Meanwhile, Sun Pharma, Axis Bank, and Bajaj Finserv performed negatively.
Here are the top gainers and losers in the 30-scrip basket at this hour:
Share Market Today LIVE | Should you buy Pidilite, Dr Reddy's Labs, Vodafone Idea, Voltas, IGL, other stocks today? Here is what brokerages recommend
As Dalal Street enters the May 8 session, brokerages have several stocks on their radar.
Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Dr Reddy's Laboratories, Voltas, Pidilite Industries, Navin Fluorine, and Vodafone Idea Ltd (VIL).
Share Market Today LIVE | BPCL, Coal India, Tata Consumer Products top Nifty50 gainers; ITC, JSW Steel, Cipla top losers
The Nifty50 index is down 71 points at 22,235 at this hour. BPCL, Coal India, Axis Bank, Cipla and TCS are the worst hit among the 29 losers in the 50-scrip pack. Take a look at the top gainers and losers in the basket:
Nifty gainers
- BPCL
- COALINDIA
- TATACONSUM
- NTPC
- BAJAJ-AUTO
- ONGC
- POWERGRID
- TATASTEEL
- TATAMOTORS
- RELIANCE
- ADANIENT
- SBIN
- SUNPHARMA
- MARUTI
- NESTLEIND
- HINDALCO
- BRITANNIA
- WIPRO
- SBILIFE
Nifty loser
- ITC
- JSWSTEEL
- CIPLA
- TECHM
- TCS
- HEROMOTOCO
- LTIM
- KOTAKBANK
- GRASIM
- BHARTIARTL
- ADANIPORTS
- DIVISLAB
- HDFCLIFE
- BAJAJFINSV
- TITAN
- LT
- INFY
- BAJFINANCE
- SHRIRAMFIN
- APOLLOHOSP
- EICHERMOT
- M&M
- ULTRACEMCO
- INDUSINDBK
- ICICIBANK
- HDFCBANK
- HCLTECH
- HINDUNILVR
- ASIANPAINT
- DRREDDY
Share Market Today LIVE | Buy Poddar Pigments stock, says Sandeep Jain
Sandeep Jain of Tradeswift Broking recommends buying Poddar Pigments shares for targets of Rs 365 and Rs 370 with a stop loss at Rs 332. His call is from a perspective of one to three months.
Share Market Today LIVE | Buy CDSL stock, says Chandan Taparia
Chandan Taparia of MOFSL suggests buying CDSL shares for a target of Rs 2,350 with a stop loss at Rs 2,020. His recommendation is from a perspective of 6-9 months.
Share Market Today LIVE | Nifty slides below 22,200, Sensex down over 400 pts dragged by financial stocks
Share Market Today LIVE | Buy Oil India stock, says Chandan Taparia
Chandan Taparia of MOFSL suggests buying Oil India shares for a target of Rs 750 with a stop loss at Rs 590. His call is from a perspective of 9-12 months.
Traders' Diary | Buy, sell or hold strategy on Infosys, Ashok Leyland, LTIMindtree, JSW Energy, 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 Wednesday. Check out the complete list of stocks on analysts Kushal Gupta and Nupur Jainkunia's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Cash Segment Stock Pick: KEC International
Buy KEC International shares in the cash segment for a target price of Rs 760 with a stop loss at Rs 730
Futures & Option (F&O) Picks: Infosys, Max Financial Services
- Sell Max Financial Services futures for a target of Rs 950 with a stop loss at Rs 990
- Buy the Rs 1,440 call option of Infosys at Rs 60 for a target of Rs 60 with a stop loss at Rs 25. Read more
Stocks to Buy | TCS, Wipro, Federal Bank among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Avinash Gorakssakar and Kunal Saraogi share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as Tata Consultancy Services (TCS), Wipro, and Federal Bank. Read more
Currency Update | Rupee rises 2 paise to 83.49 against US dollar in early trade
Share Market Today LIVE | Nifty trades below 22,200, Sensex down over 300 pts in opening deals
Nifty50
Source: NSE
Sensex
Source: BSE
Stock to Watch | Dr Reddy's, Voltas, LTIMindtree, Pidilite, other stocks to track on Wednesday
Here are a few stocks that investors will keenly track on Dalal Street in the May 8 session, including Pidilite Industries, Hero MotoCorp and Dr Reddy's:
Dr Reddy's Q4 results miss expectations
Hyderabad-based drug maker Dr Reddy's Laboratories (DRREDDY) registered a 36.3 per cent year-on-year jump in consolidated net profit to Rs 1,307 crore for the March quarter over revenue growth of 12.5 per cent to Rs 7,083 crore. Zee Business analysts had pegged Dr Reddy's Labs' fourth-quarter net profit at Rs 1,378 crore and revenue at Rs 7,359 crore.
LTIMindtree collaborates with IBM
LTIMindtree has collaborated with US-based tech giant IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. The centre will focus on building point solutions to accelerate clients' generative AI adoption journeys, the Mumbai-based IT firm said. Read more
Market Outlook | Domestic markets could open flat, says Deepak Jasani
"Indian markets could open flat, in line with mixed and muted Asian markets today and flat US markets on May 7," Deepak Jasani, Head of Retail Research, HDFC Securities says.
"Below 22,240, Nifty could slide down to 22,166, which happens to be a 61.8 per cent retracement of the previous rise. On the higher side, 22,570 could offer resistance," he adds.
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 22,150-22,225 levels and a stronger support zone at 22,000-22,075 levels on Wednesday, May 8. For the Nifty Bank, he expects support to come in at 47,900-48,025 levels followed by a stronger support zone at 47,675-47,825 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 21.7 points or 0.1 per cent at 22,403.5 ahead of the opening bell on Dalal Street.
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