Share Market HIGHLIGHTS: Sensex ends 20 pts lower, Nifty gives up 22,950 as Dalal Street retreats from record highs
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex gave up their intraday gains after scaling all-time highs in a dramatic session on Monday. Catch all the highlights of the May 27 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 retreated from all-time highs registered during a choppy session on Monday to end barely in the red.
Catch all the highlights of the May 27 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
That's all today!
Forex Market Update: Rupee settles at 83.13 vs dollar
The rupee ends weaker by three paise at a provisional 83.13 against the US dollar.
Share Market Today: Sensex ends 20 pts lower, Nifty gives up 22,950 as Dalal Street retreats from record highs
Read more on the May 27 session
Share Market Today LIVE: Financial stocks lead gains on Dalal Street; Nifty PSU Bank top gainer among NSE's sectoral indices
Index Change (%) NIFTY PSU BANK 1.55 NIFTY BANK 1.32 NIFTY PRIVATE BANK 1.27 NIFTY FINANCIAL SERVICES 1.21 Share Market Today LIVE: All Nifty Bank stocks in the green; AU Small Finance Bank top gainer, up 3%
Stock Change (%) CMP AUBANK 2.97 639.1 PNB 2.53 129.65 INDUSINDBK 2.09 1,472.00 BANDHANBNK 1.83 189.7 IDFCFIRSTB 1.61 78.95 AXISBANK 1.56 1,192.35 HDFCBANK 1.44 1,539.00 KOTAKBANK 1.01 1,720.70 SBIN 0.95 836.5 ICICIBANK 0.85 1,141.60 BANKBARODA 0.84 271.2 FEDERALBNK 0.67 164.55 Share Market Today LIVE: Nifty Bank comes within 286 pts of all-time high
The banking index is holding on firmly to its intraday gains at this hour, trading 648.5 points, or 1.3 per cent, higher for the day at 49,620.2, having risen as much as 717.2 points, or 1.5 per cent, earlier in the session to touch 49,688.9 on the upside and trade within 285.9 points of its record high.Share Market Today LIVE: Broader indices outperform headline gauges; Nifty Midcap 100, Nifty Smallcap 100 jump over 1%
Index Change (%) NIFTY MIDCAP 100 1.08 NIFTY SMALLCAP 100 1.11 NIFTY 500 0.55 Share Market Today LIVE: By L&T futures, says Arpit Beriwal
Arpit Beriwal of Motilal Oswal Financial Services suggests buying Larsen & Toubro futures for targets of Rs 3,800 and Rs 3,850 with a stop loss at Rs 3,600.
Share Market Today LIVE: Hold Sobha shares, says Osho Krishan
Osho Krishan of Angel One suggests investors hold on to their positions in Sobha for targets of Rs 2,070 and Rs 2,080.
Share Market Today LIVE: Paytm shares soar; here's what's driving the upmove
The stock of One97 Communications, the parent company of Paytm, rises five per cent Rs 358 apiece on BSE after the digital payments firm says that it has intensified focus on insurance distribution to Paytm consumers, small merchants and SMEs.
Share Market Today LIVE: Sensex leaps 599 pts to touch 76,010 for first time ever, Nifty50 scales record high of 23,111
The Sensex jumps as much as 599.3 points, or 0.8 per cent, to an all-time high of 76,009.7 while the Nifty50 climbs to a record 23,110.8, up 153.7 points or 0.7 per cent for the day.
Share Market Today LIVE: ZF Commercial Vehicle Control Systems, Finolex Cables, Indian Overseas Bank, Aegis Logistics rise most among some 270 gainers in BSE 500 universe; EIH, Data Patterns top laggards
Image: BSEIndia.com
Share Market Today LIVE: HDFC Bank, ICICI Bank, Larsen & Toubro, Infosys, Axis Bank top Sensex movers
Image: BSEIndia.com
Share Market Today LIVE: Sensex jumps over 550 pts, Nifty50 comes within one point of 23,100
The Sensex jumps as much as 572.5 points, or 0.8 per cent, to 75,982.9 while the Nifty50 climbs to as high as 23,098.7, up 141.6 points, or 0.6 per cent, for the day, amid gains across most sectors.
Index Change (%) NIFTY BANK 1.43 NIFTY PSU BANK 1.39 NIFTY PRIVATE BANK 1.34 NIFTY FINANCIAL SERVICES 1.3 NIFTY IT 0.95 NIFTY REALTY 0.94 NIFTY CONSUMER DURABLES 0.66 NIFTY MIDSMALL HEALTHCARE 0.47 NIFTY PHARMA 0.41 NIFTY HEALTHCARE INDEX 0.35 NIFTY FMCG 0.2 NIFTY AUTO 0.14 NIFTY METAL -0.11 NIFTY OIL & GAS -0.41 NIFTY MEDIA -0.59 Nifty Today LIVE | HDFC Bank, ICICI Bank, L&T, TCS, Infy among top movers in 50-scrip gauge
On the contrary, RIL, NTPC, ONGC and Adani Enterprises 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 over 300 pts higher
Source: NSE
IPO Update | Awfis Space Solutions IPO subscribed 19 times so far on Day 4
According to provisional exchange data, Awfis Space Solutions IPO's share sale have received bids for 16,26,77,892 shares against 86,29,670 shares on offer, translating into a subscription of 18.85 times on Monday so far, the fourth day of the bidding process. Read more
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 4.43 Non-institutional investors 41.71 Retail investors 28 Overall 18.85 Source: Exchange data Image: Official website Share Market Today LIVE | Torrent Pharma shares jump 7% post strong Q4 results; should you buy, or sell?
Torrent Pharmaceuticals shares jump nearly seven per cent to the day's high of Rs 2,795 on NSE after the pharma company reported a strong set of March quarter results.
Torrent Pharma share price target: Should you buy, sell or hold Torrent Pharma shares?
Torrent PharmaceuticalsBrokerageRatingNew Target (INR)Old Target (INR)JefferiesBuy30702930HSBCBuy29202960CLSAAccumulate29702800JP MorganNeutral26702690CitiBuy30002960Share Market Today LIVE: Sensex, Nifty recover from day's lows amid buying in financial stocks
Share Market Today LIVE | NTPC stock hits record high on Q4 earnings, final dividend; should you buy or wait?
NTPC shares gain 1.48 per cent to hit an all-time high of Rs 380.5 on the NSE after the public sector power generator reported its March quarter earnings report followed by positive reactions from global brokerages.
NTPC share price target: Should you buy or wait?
Citi has maintained a buy call on NTPC. The brokerage has raised the target on the PSU stock to Rs 467 apiece from Rs 407 apiece, implying a 24.5 per cent upside from the previous close.
Jefferies too has retained a buy call on NTPC. The brokerage has revised the target to Rs 445 apiece from Rs 415 apiece. According to the brokerage, Q4 profit was in line with the brokerage's expectations. The brokerage stated the following points in its note:
- Execution pace to pick up
- Earnings visibility improves with thermal
- Regulated ROE in place at 15.5 per cent for FY25-29
- Re-rating to continue with execution ramp-up
Morgan Stanley has continued an overweight rating with a target of Rs 390. Read more
Share Market Today LIVE | Brokerages upbeat on Hindalco shares post-Q4 results, Jefferies sees 22% upside
Hindalco Industries shares rise 2.41 per cent to the day's high of Rs 689.5 on the NSE on Monday after global brokerages' positive reaction to the country’s largest aluminium and copper producer's March quarter results.
Hindalco share price target: Buy, sell or hold?
Jefferies has maintained a buy call on Hindalco Industries with a raise in target by Rs 15 apiece to Rs 825 apiece, the highest among its peers. The revised target implies an upside of 22 per cent from the previous close.
CLSA too has continued a buy call with a target of Rs 770 apiece. CLSA has highlighted the following points in note:
- Q4: Strong aluminium profitability
- Progress on expansion projects is crucial to watch for
- Guidance: Strong LME and low-cost
- With a strong aluminium outlook. Read more
Share Market Today LIVE | RVNL shares hit all-time high—here's what is keeping the investors keen
Shares of Rail Vikas Nigam Ltd (RVNL) zoom as much as 7.5 per cent to hit an all-time high of Rs 398.35 on BSE. The positive trend in railway PSU follows after RVNL emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro). Read more
Source: NSE
Currency Update | Rupee rises 4 paise to 83.06 against US dollar in early trade
Share Market Today LIVE | Nifty trades above 23,000, Sensex trades over 200 pts higher in early morning deals
Nifty50
Source: NSE
Sensex
Source: BSE
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 23,043.2; Sensex at record 75,679.67
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 23,038.95; Sensex at record 75,655.46
Share Market Today LIVE | Shares set to open slightly higher
Domestic blue-chip indices Nifty50 and Sensex s are likely to inch higher at the open on Monday, building on their gains from last week and tracking the rise in the Asian peers.
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi expects a strong buy zone for the headline Nifty50 index to emerge at 22,800-22,900 levels on Monday, May 27. For the Nifty Bank, he expects support to come in at 48,775-48,875 levels and a strong buy zone at 48,500-48,650 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Stocks to Watch | Paytm, Tata Motors, NTPC and other stocks to track on Monday
Here are some stocks that will be in focus on Monday, May 27:
Results on May 27:
NALCO, NMDC, AstraZeneca Pharma India, DCM Shriram Industries, Electronics Mart India, Flair Writing Industries, LIC, TVS Supply chain solutions, NMDC Steel, Borosil Renewables, and Vishnu Prakash R Punglia are among the companies that will announce their Q4 results.
NTPC
Public sector power generator NTPC posted a consolidated net profit of Rs 6490.05 for the fourth quarter of 2023-24, up 33 per cent from Rs 4871.5 crore in 2022-23.
Bosch
The company declared its Q4 results on May 24, 2024, showing a top-line growth of 4.18 per cent and a significant profit increase of 41.67 per cent year-on-year (YoY). Read more
Share Market Today LIVE | GIFT Nifty futures indicate a flat start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 16.9 points or 0.07 per cent at 23,036.5 ahead of the opening bell on Dalal Street.
Good morning! Welcome to Zeebiz.com's blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
Happy trading, and happy investing!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.