Share Market HIGHLIGHTS: Sensex ends volatile session up 112 pts, Nifty50 reclaims 22,100; Cipla soars 6%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex managed to stage a fag-end intraday recovery in yet another volatile session on Monday, May 13. Buying interest in financial stocks outweighed heavy selling in auto stocks led by Tata Motors.
Catch all the highlights of the May 13 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 managed to stage a fag-end intraday recovery in yet another volatile session on Monday, May 13. Buying interest in financial stocks outweighed heavy selling in auto stocks led by Tata Motors.
Catch all the highlights of the May 13 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 largely unchanged at 83.52 vs dollar
Share Market Today: Sensex ends volatile session up 112 pts, Nifty reclaims 22,100 led by financial stocks; Tata Motors top blue-chip loser, plunges 8%; Cipla soars 6%
Share Market Today LIVE: Buy TD Power stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart has a 'buy' call on TD Power shares.
He has placed his target for the stock at Rs 320 with a stop loss at Rs 290.
Share Market Today LIVE: Tata Motors, Reliance, SBI, Bharti Airtel, Infosys weigh on Dalal Street
Image: BSEIndia.com
Share Market Today LIVE: Tata Motors remains top Sensex, Nifty50 loser
The Tata group stock is exerting the maximum pressure on both main gauges.
It is contributing about 142.5 points to the fall in the 30-scrip index at this hour.
Image: Niftyindices.com
Tata Motors Share Price Today: Tata Motors stock is left with 21% YTD gain thanks to today's fall
At the current level, Tata Motors shares are up 20.6 per cent on a year-to-date basis, and up 79.6 per cent in a year.
That is still better than a 0.9 per cent YTD gain in the headline Nifty50 index and its one-year return of 19.3 per cent.
Image: BSEIndia.com
Tata Motors Share Price Today: Right time to buy Tata Motors stock? Jefferies, Morgan Stanley, JPMorgan targets imply 5-19% upside from Friday's close
- Jefferies has a 'buy' call on Tata Motors with a raised target price of Rs 1,250 instead of Rs 1,100 earlier
- Morgan Stanley has downgraded Tata Motors to 'equal-weight' from 'overweight' call though raised its target to Rs 1,100 from Rs 1,013
- JPMorgan has maintained 'overweight' on Tata Motors with a revised target of Rs 1,115 vs Rs 1,050 earlier
Tata Motors Share Price Today: Hold Tata Motors stock, targets Rs 1,050, Rs 1,065, says Astha Jain
Astha Jain of Hem Securities suggesting holding Tata Motors shares for targets of Rs 1,050 and Rs 1,065 with a stop loss at Rs 890.
The Tata Motors stock is down 8.2 per cent at Rs 960.7 apiece on BSE, having fallen as much as 9.4 per cent to Rs 948 apiece in intraday trade so far.
Share Market Today LIVE | Nifty50 trades below 22,000 amid broad-based sell-off
Here's a look at broader market indices:
Source: NSE
Nifty Today LIVE | Tata Motors, RIL, State Bank of India among top drags
At this hour, Tata Motors, Reliance Industries, State Bank of India and ICICI Bank are among the top drags in the Nifty50 baskets. On the contrary, HDFC, Cipla, Asian Paints and Tata Consultancy Services (TCS) are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Nifty below 21,850, Sensex tanks over 750 pts amid broad-based sell-off
Share Market Today LIVE | Nifty Bank slides below 47,000 for the first time after April 19
Indegene IPO Listing | Strong debut! Shares list at premium of 46% over issue price
Shares of Indegene list at a premium of around 44.91 per cent over the issue price of Rs 452 at Rs 655 on the NSE. Indegene IPO shares settle at Rs 659.7 on the BSE, a premium of 45.9 per cent over the issue price of Rs 452. Read more on Indegene IPO listing
Share Market Today LIVE | Dr Lal PathLabs shares jump 8% post strong Q4 results; brokerages mixed
Dr Lal PathLabs shares as much as 7.79 per cent to the day's high of Rs 2,531 on NSE after the diagnostics company reported its strong Q4 earnings results on Friday post-market hours.
The New Delhi-headquartered firm reported a consolidated net profit of Rs 84.5 crore for the January-March period, an increase of 49 per cent compared with the corresponding period a year ago. The opening of new labs and growing demand for medical tests boosted the company's profitability. Read more on Dr Lal PathLabs stock