Share Market HIGHLIGHTS: Sensex ends 253 pts higher, Nifty reclaims 22,450; M&M top blue-chip gainer, soars 6%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex rose about one-third of a percentage point on Friday, led by gains in financial, auto and energy shares, though losses in IT stocks limited the upside. Catch all the highlights of the May 17 session, 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 Nifty50 and Sensex rose about one-third of a percentage point on Friday, driven by buying interest in financial, auto and energy shares though selling pressure in the IT pack limited the upside. Investors awaited a special trading session due on Saturday, May 18.
Catch all the highlights of the May 17 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 253 pts higher, Nifty reclaims 22,450; M&M top blue-chip gainer, soars 6%
Grasim up over 2%
That's all today!
Share Market Today LIVE: Sensex up 298 pts at 73,962, Nifty at 22,471 as market enters last 30 minutes of trade
Take a look at where key indices stand at this hour:
- Sensex up 298 pts at 73,962
- Nifty up 67 pts at 22,471
- Nifty Bank up 129 pts at 48,106
Share Market Today LIVE | PB Fintech block deal: 83.7 lakh shares change hands in multiple trades; stock falls 2%
Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, fell as much as 2 per cent to the day's low price of Rs 1,314.65 in early trade on Friday.
The losses in the stock were triggered after the counter saw multiple trades of 83.7 lakh shares, representing a 1.86 per cent equity in the firm, in the pre-opening trade.
Yellow metal futures trade flat, white metal near Rs 87,450/kg
Domestic yellow metal futures on Friday tracking international rates traded steady, while silver futures traded with minor gains after notching record high levels in the previous session.
At around 11:00 am, MCX gold futures (Jun 5) traded with marginal gains of 0.02 per cent or Rs 14 at Rs 72,994 per 10 grams. Meanwhile, MCX Silver futures (Jul 5) were up 0.0.8 per cent or Rs 68 at Rs 87,368 per kg.
Share Market Today LIVE | Vodafone Idea rises after telecom firm reports Q4 results; brokerage maintains 'reduce' rating
Vodafone Idea shares rose on BSE on Friday (May 17, 2024) after the telecom company reported fourth-quarter results largely in line with Zee Business research estimates.
The stock that closed trading at Rs 13.15 on Thursday rose by 1.06 per cent to the day's high of Rs 13.29.
Share Market Today LIVE | Oberoi Realty shares hit fresh 52-week high - Should you buy? Check target price by HDFC Securities
Shares of Oberoi Realty Ltd (ORL) hits a fresh 52-week high on Friday.
The counter opened in green at Rs 1729 and surged around 3.36 per cent to hit a fresh 52-week high of Rs 1,770.90 on the BSE. The scrip had closed at Rs 1,713. The stock has been gaining for the last six days.
Share Market Today LIVE | BEML shares surge over 9% after fresh order from Northern Coal Fields - Check details
The shares of BEML surged over 7 per cent on Friday after the company announced that it received a fresh order worth Rs 250 crore.
According to an exchange filing, the company has secured the order from Northern Coal Fields for a dump truck contract.
Share Market Today LIVE | Should you buy HAL, Vodafone Idea, CONCOR, Crompton Greaves, other stocks today?
As Dalal Street enters the May 17 session, brokerages have several stocks on their radar.
Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, and Nomura make of stocks such as HAL, Vodafone Idea, CONCOR, and Crompton Greaves.
5 Stocks for Next 15 Days | Brokerage picks shares for short duration, note down targets and stop losses
Axis Direct has selected 5 stocks for positional traders for 15 days. Know complete details of investment including their names, targets, stoploss.
Railtel Share Price Target
Axis Direct has given a 'buy' call on the firm and asked to purchase the stock in the range of Rs 395-Rs 399. It has given a target price of Rs 444 and stoploss at Rs 389. Read more
Nifty Today LIVE | M&M, Bharti Airtel, SBI among top movers
M&M, Bharti Airtel, SBI and HDFC Bank are this hour's top movers in the Nifty50 basket. On the contrary, Infosys, L&T, TCS and HUL 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 | Nifty above 22,450, Sensex gains nearly 200 pts led by auto stocks
Share Market Today LIVE | Nifty Bank trades 0.16 per cent higher
Source: NSE
Traders' Diary | Buy, sell or hold strategy on Infosys, Larsen and Toubro, Mahindra & Mahindra, Bharat Electronics, Biocon, 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 Friday, May 17, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Cash Segment Stock Pick: Jindal Saw
Buy Jindal Saw shares in the cash segment for a target price of Rs 555 with a stop loss at Rs 535
Futures & Option (F&O) Picks: M&M, Mphasis
- Buy Mahindra & Mahindra futures for a target of Rs 2,476 with a stop loss at Rs 2,375
- Buy the Rs 2,350 call option of Mphasis at Rs 75 for a target of Rs 100 with a stop loss at Rs 60
Technical Stock Pick: Zydus Lifesciences
Buy Zydus Lifesciences futures for a target price of Rs 1,045 with a stop loss at Rs 1,000. Read more
Stocks to Buy | LTIMindtree, Tech Mahindra, Hero MotoCorp among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, and Sacchitanand Uttekar share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as LTIMindtree, Tech Mahindra, Hero MotoCorp, and NCC. Read more
Share Market Today LIVE | Nifty above 22,400, Sensex gains nearly 50 pts led by auto stocks
Currency Update | Rupee opens on flat note at 83.50 against US dollar in early trade
Share Market Today LIVE | Crompton Greaves shares jump 10%, hit 52-week high; what should investors do?
Crompton Greaves Consumer Electricals shares jump nearly ten per cent and clocked a fresh 52-week high of Rs 373 on NSE after global brokerages revised their target prices on the counter after the firm released its March quarter earnings report.
What should investors do with Crompton Greaves stock?
Jefferies has maintained a buy call on Crompton Greaves with a raised target of Rs 390 from Rs 350. Read more on Crompton Greaves stock
Image: Official website/ Representational image Share Market Today LIVE | Nifty below 22,400, Sensex down nearly 100 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 expects support for the headline Nifty50 index to emerge at 22,225-22,300 levels and a strong buy zone at 22,100-22,200 levels on Friday, May 17. For the Nifty Bank, he expects support to come in at 47,625-47,750 levels and by a strong buy zone at 47,350-47,525 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Is it the right time to buy M&M stock? Brokerages raise targets
Mahindra & Mahindra (M&M) shares will remain in focus on Friday, May 17 following a mixed brokerages' reaction a day after the automaker released its March quarter results.
M&M share price target: Buy, sell or hold?
Brokerage Rating New Target (INR) Old Target (INR) Jefferies Buy 2910 1615 CLSA Sell 2312 2115 Goldman Sach Buy 2700 2160 Bernstein Outperform 2630 1880 Macquarie Outperform 2700 Morgan Stanley Overweight 2665 1952 JP Morgan Overweight 2700 2015 Share Market Today LIVE | Should you buy or sell GAIL shares? Here's what brokerages make of PSU's results
Is it the right time to buy GAIL shares? Share of state-owned gas utility GAIL (India) on Friday, May 17 will be in the spotlight following global brokerages reaction a day after the PSU firm reported its March quarter earnings report.
GAIL share price target: Should you buy, sell or hold GAIL shares?
Jefferies has maintained an underperform call on GAIL India with a target of Rs 150. Jefferies stated the following key points in its note:
- Q4 EBITDA 6 per cent ahead of estimates driven by higher profitability in gas
- Transmission and Petchem gas trading were below
- Estimate PAT missed estimates by 15 per cent on higher depreciation
- Lower other income transmission volume outlook, trading. Read more
Stocks To Watch | Vodafone Idea, Bandhan Bank, RVNL, other stocks to track today
Here are a bunch of stocks that will be in the spotlight on May 17:
Bandhan Bank, JSW Steel, RVNL, NHPC among over 100 companies due to report results on May 17
More than 100 companies are scheduled to release their earnings reports for the quarter as well as the year ended March 31 on May 17, including NHPC, JSW Steel, Bandhan Bank, Godrej Industries, JB Chemicals & Pharma, JSW Steel, LT Foods, Polyplex Corp, Shipping Corp, Sobha, Varroc Engineering, Pfizer, RVNL, Atul Auto, Balkrishna Industries, Delhivery, Dhanuka Agritech, Zydus Lifesciences, and GlaxoSmithKline Pharma.
Craftsman Automation to trade ex-dividend
While stocks such as Craftsman Automation and Advanced Enzyme Technologies are due to trade ex-dividend on May 17, Vardhman Polytex will trade ex-share split.
Biocon stages strong quarterly operational performance
Biocon has registered a consolidated net profit of Rs 223 crore for the quarter ended March. Zee Business analysts had pegged the biopharmaceutical company's March-quarter net profit at Rs 180 crore. Read more
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 27.15 points or 0.12 per cent at 22,479.5 ahead of the opening bell on Dalal Street.
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