Share Market HIGHLIGHTS: Dalal Street ends volatile session flat; Nifty down 11 pts at 22,957, Sensex at 75,410
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex hit their fresh all-time peaks in early trade on Friday amid buoyant investors sentiment days. Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex hit their fresh all-time peaks in early trade on Friday amid buoyant investors' sentiment days ahead of the results of the Lok Sabha polls announcement and fresh foreign fund inflows.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Forex Market Update: Rupee appreciates by 19 paise to end at 83.10 vs dollar
The rupee strengthens by 19 paise, or 0.2 per cent, to settle at 83.10 against the US dollar. Read more on INR vs USD rate today
Share Market Today: Dalal Street ends volatile session flat; Nifty down 11 pts at 22,957, Sensex at 75,410
Share Market Today LIVE | Torrent Pharma Q4 Results Preview: Drug maker likely to clock 56% jump in net profit, margin may expand by 300 bps
Ahmedabad-headquartered Torrent Pharma is scheduled to report its financial results for the quarter as well as the year ended March 31, 2024, on Friday, May 24.
Analysts expect the pharmaceutical company to stage a strong financial performance for the fourth and final quarter of FY24.
Share Market Today LIVE | Buy Man Infraconstruction stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Man Infraconstruction shares for a short-term target of Rs 215 with a stop loss at Rs 192.
Share Market Today LIVE | Buy ASK Automotive stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying ASK Automotive shares for a short-term target of Rs 320 with a stop loss at Rs 290.
Share Market Today LIVE | Buy GAIL stock, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking recommends buying GAIL shares for targets of Rs 211 and Rs 215 with a stop loss at Rs 201.
Share Market Today LIVE | Divi’s Laboratories Q4 results preview: Margins likely to increase to 28%; better product mix to aid growth
Nifty 50 company Divi’s Laboratories is scheduled to announce its March quarter earnings together with dividend on May 25, 2024 (Saturday).
Zee Business research analysts expect the company to report strong numbers for the review period on the back of recovery in demand for active pharmaceutical ingredients (APIs).
Share Market Today LIVE | Paytm shares tank nearly 5% after report says fintech firm may cut 20% of its jobs
The stock of One97 Communications, the parent company of Paytm, slipped by nearly five per cent after a news report said that the fintech firm may cut 20 per cent of its workforce.
The Paytm stock that closed at Rs 356.20 a day ago slipped by 4.83 per cent to the day's low of Rs 339.00 on Friday.
Share Market Today LIVE | Multibagger Godrej Properties slides nearly 4% after defence ministry raises objection about its Mumbai project
Godrej Properties slipped by over 3.80 per cent on BSE on Friday (May 24, 2024) after defence ministry raised objection against the large-cap real estate company's ongoing residential project in Kandivali, Mumbai.
The stock that closed trading at Rs 2,812.95 a day ago slipped by 3.85 per cent to Friday's low of Rs 2,704.50 after starting session at Rs 2,756.60.
Share Market Today LIVE | Nifty scales fresh peak of 23,017; Sensex up over 100 pts
Share Market Today LIVE | Indigo shares to be in focus as Q4 profits more than doubles YoY; stock gains over 93% in 1 year
Shares of Interglobe Aviation, the parent company of Indigo, in Friday’s session (May 24) marked a fresh all-time high for the second straight day after the company reported better-than-estimated results for the March quarter on Thursday post-market hours.
In early trade, shares of the air carrier traded higher by over 1 per cent at Rs 4,453.1, while it scaled a new high of Rs 4520 per share, gaining as much as 2.7 per cent.
Share Market Today LIVE | Hindalco jumps, NTPC slips as both firms are set to announce their fourth-quarter results today
Hindalco rose while multibagger PSU stock NTPC fell as both large-cap firms are set to report their fourth-quarter (January-March quarter, Q4 FY2324) results on Friday, May 24, 2024.
Here's how both stocks are performing on BSE on Friday ahead of the announcements of their respective Q4 numbers.
Share Market Today LIVE | This smallcap stock zooms 7% after co. turns profitable in Q4FY24; should you buy, sell or hold it?
Shares of Honasa Consumer, the parent company of the famous Mamaearth brand, started Friday’s session on a strong note as the personal care concern turned profitable in the March quarter.
In the early morning deals after logging 7 per cent gains over the previous close, shares of the company traded higher by over 4 per cent or Rs 18.4 at Rs 436.5 per share on the BSE.
Share Market Today LIVE | Multibagger defence PSU hits 52-week high on first day of stock split; shares zoom over 17%
On the first day of its split, the Bharat Dynamics stock skyrocketed by over 17 per cent to hit a 52-week high on BSE on Friday (May 24, 2024).
The stock that soared to an all-time high a day ago continued the trading in the same fashion on Friday.
Share Market Today LIVE | Gold trades subdued at Rs 71,510, silver futures near Rs 91,000 levels
Gold futures on the MCX tracking international rates traded subdued as the recent Fed meeting minutes suggested a delay in monetary policy easing.
MCX gold futures (Jun 5) traded weak by 0.11 per cent or Rs 76 at Rs 71,510 per 10 gm after closing at Rs 71,577 during the previous trade.
Nifty Today LIVE | HDFC Bank, Bharti Airtel, L&T among top movers
HDFC Bank, Bharti Airtel are L&T are the top movers in the Nifty baskets at this hour. On the contrary, ICICI Bank, TCS, RIL anf 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 | Nifty Bank trades nearly 100 pts higher
Source: NSE
Share Market Today LIVE | Should you buy, sell or hold ITC shares? Here's how analysts view Q4 results
Shares of FMCG giant ITC shares decline as much as 0.87 per cent to the day's low of Rs 437.5 on NSE, a day after the cigarette-to-hotel conglomerate reported its March quarter results following mixed reactions from global brokerages.
ITC share price target: Should you buy, sell or hold ITC shares?
CLSA has downgraded ITC to outperform from buy with a target of Rs 470 per share. "Steady Q4 for cigarettes; paper and agri remain subdued," said the global brokerage in its note.
The brokerage stated that its profitability in other FMCG segments was impacted by a one-time gain in base qtr with the segment maintaining an upward margin trajectory on a full-year basis. The brokerage has cut near-term earnings by 2-3 per cent. Read more
Share Market Today LIVE | Page Industries shares slip 3% post Q4 results; what should investors do?
Page Industries shares slip nearly three per cent to the day's low of Rs 34,525 on NSE, a day after Bengaluru-headquartered Page Industries, which owns the popular innerwear brand Jockey posted its Q4 earnings report.
Page Industries share price target: Buy, sell or hold?
Citi has maintained a sell call on Page Industries. However, the brokerage has raised the target to Rs 32,100 apiece from Rs 31,300 earlier. "Q4, a miss on all fronts and lacked growth catalyst," said the brokerage in its note. The analysts at the brokerage expect the revenue growth momentum to remain subdued. According to the brokerage, a higher base of athleisure and likely aggression in accessories will also drive adverse product mix & lower average realization year-on-year. Read more
Share Market Today LIVE | Nifty surpasses 23,000 for the first time, Sensex hits all-time peak of 75,582.28
Opening Bell | Sensex down over 150 pts, Nifty holds 22,900 level in opening deals
Currency Update | Rupee rises 11 paise to 83.18 against US dollar in early trade
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 22,750-22,800 levels and a strong buy zone at 22,600-22,700 levels on Friday, May 24. For the Nifty Bank, he expects support to come in at 48,425-48,575 levels and a strong buy zone at 48,100-48,250 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Morning Outlook | Domestic markets could open flat to mildly lower, says Deepak Jasani
Deepak Jasani, Head of Retail Research, HDFC Securities says, " Indian markets could open flat to mildly lower, in line with mostly negative Asian markets today and lower US markets on May 23."
"Nifty rose the most in percentage terms in almost 6 months on May 23. It formed a long bull candle. It could now head towards 23,175 on the upside while 22,794 could offer support on corrections in the near term," he adds.
Stocks to Watch | Tata Consumer Products, NTPC, Hindalco, Vedanta, Nazara, Hindustan Copper, other stocks to track on Friday
250+ companies slated to report quarterly numbers on May 24
More than 250 companies are scheduled to release their financial results for the quarter as well as the year ended March 31 on Friday, May 24, including Hindalco, NTPC, Ashok Leyland, Hindustan Copper, Nazara Tech, Cochin Shipyard, Bosch, Glenmark Pharma, Indiabulls Housing Finance, Sun Pharma Advanced Research, Bajaj Healthcare, Jamna Auto, Karnataka Bank, Manappuram Finance, Torrent Pharma, Narayana Hrudayalaya, EID Parry, Suzlon, Easy Trip Planners, Coffee Day Enterprises, and Bikaji Foods.
IndiGo Q4 profit more than doubles
InterGlobe Aviation—the parent of the country's largest airline IndiGo—has registered a net profit of Rs 1,894.8 crore for the January-March period, more than doubled over a net profit of Rs 919.2 crore for the corresponding period a year ago. Its total income has grown 26.7 per cent on a year-on-year basis to Rs 18,505.1 crore for the final quarter of FY24.
Most domestic infra projects to stage stable operating performance in FY25: India Ratings
Infrastructure- and construction-related stocks are likely to be in focus in Friday's session. India Ratings and Research expects a stable operating performance for most infrastructure projects in the year ending March 2025, maintaining its 'stable' outlook for the sector. That includes the transport segment, which signifies low chances of rating changes for the sector in the near to medium term, according to the ratings agency. Read more
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