Share Market Today HIGHLIGHTS: Indices settle in red; Sensex down over 220 pts, Nifty ends at 22,888.15

Written By: ZeeBiz WebTeam Updated on: May 28, 2024, 03.38 PM IST

Share Market Today HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finish Tuesdays session in red after a choppy trading session. Catch minute-by-minute updates of the 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 Today HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finish Tuesday's session in red after a choppy trading session. Oil & gas, Power, IT stocks majorly contributed to the decline in headline index at close. 

Catch all the latest updates of the day's action 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 LIVE | Sensex declines 220 pts; Nifty settles at 22,888.15

     

  • Share Market Today LIVE | Ahead of Lok Sabha election results, Ambareesh Baliga is bullish on this multibagger PSU stock

    As India awaits the outcome of the ongoing Lok Sabha elections due on June 4, investors are on the lookout for buying opportunities to make the most of the current juncture on Dalal Street.

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    With headline indices Sensex and Nifty50 staging seesaw moves within one per cent of their all-time highs scaled this week, many analysts have identified buying opportunities to play the election theme in the market.

    Read more

  • Share Market Today LIVE | Cummins India Q4 Results Preview: Company expected to stage a strong show; margin estimated to improve by 110 bps

    Cummins India, the large cap entity from the industrial machinery space, is expected to release its Q4 results together with the final dividend for the FY 2023-24. Zee Business Research Desk expects the company to report a strong set of earnings for the March-ended quarter. Read more 

     

  • Share Market Today LIVE | Sumeet Bagadia recommends 'buy' on dips for Tata Steel

    Sumeet Bagadia of Choice Broking says 'buy' Tata Steel on dips at around Rs 170 apiece. 

  • Share Market Today LIVE | Indices in last 30 mins of trade

    Nifty, Sensex slips into the negative territory dragged by oil & gas and power stocks  

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    >> Sensex down 157.04 points 

    >> Nifty below 22,900

    >> Nifty Bank down 0.22 per cent at 49,173.05

  • Share Market Today LIVE | Buy Shree Digvijay Cement stock, says Vikas Sethi

    Vikas Sethi of Sethi Finmart recommends buying Shree Digvijay Cement Company shares for a short-term target of Rs 120 with a stop loss at Rs 102.

  • Share Market Today LIVE | Buy Rishabh Instruments stock, says Vikas Sethi

    Vikas Sethi of Sethi Finmart recommends buying Rishabh Instruments shares for a short-term target of Rs 495 with a stop loss at Rs 462.

  • Share Market Today LIVE: RVNL emerges lowest bidder for Rs 73-crore North Central Railway project 

    Rail Vikas Nigam Ltd (RVNL) shares are down 1.5 per cent for the day at Rs 371.3 apiece at this hour, having fallen as much as 2.9 per cent to Rs 366 earlier during the session. 

  • Share Market Today LIVE: Buy Exide Industries shares, says Chandan Taparia

    Chandan Taparia of Motilal Oswal Financial Services recommends buying Exide Industries (VIJAYA) shares for a target of Rs 532 with a stop loss at Rs 497.

    Taparia's target implies an upside of 7.6 per cent in the stock from its previous close. 

  • Share Market Today LIVE | From HAL to ONGC: Jefferies initiates coverage on these 12 stocks

    Global brokerage Jefferies initiated coverage on 13 stocks in CY24 to date. The coverage universe of Jefferies now covers 70 per cent of India's listed market. As per the report, the majority of these are strong outperformers relative to the benchmark index. Read more 

     

  • Share Market Today LIVE: Buy Vijaya Diagnostic Centre shares, says Chandan Taparia

    Chandan Taparia of Motilal Oswal Financial Services recommends buying Vijaya Diagnostic Centre (VIJAYA) shares for a target of Rs 870 with a stop loss at Rs 777.

  • Share Market Today LIVE: 2 BSE 500 stocks hit 52-week lows

    Stock   LTP 52-week low Previous 52-week low 
    ANURAS 761 759.5 759.70 (27 May 2024)
    KRBL 275 274.2 275.10 (13 May 2024)
  • Share Market Today LIVE: Bharat Forge, Aditya Birla Fashion and Retail, Ashok Leyland, Divi's, 12 other stocks hit 52-week highs in BSE 500 universe

    Stock LTP 52-week high Previous 52-week high 
    ABFRL 287.95 297.8 293.55 (27 May 2024)
    ARE&M 1,240.75 1,277.00 1,268.00 (27 May 2024)
    ASHOKLEY 226.9 230.7 228.65 (27 May 2024)
    BHARATFORG 1,571.65 1,599.00 1,597.35 (27 May 2024)
    DIVISLAB 4,371.00 4,387.00 4,356.85 (27 May 2024)
    EXIDEIND 510.75 517 500.20 (27 May 2024)
    GLENMARK 1,138.00 1,176.00 1,124.90 (27 May 2024)
    MARICO 608.9 615.6 613.30 (23 May 2024)
    MUTHOOTFIN 1,755.00 1,761.95 1,753.00 (30 Apr 2024)
    NATCOPHARM 1,036.85 1,108.95 1,107.85 (19 Feb 2024)
    NATIONALUM 193.7 206.3 204.10 (21 May 2024)
    OBEROIRLTY 1,836.50 1,840.70 1,820.70 (24 May 2024)
    PFC 509.8 521.35 521.00 (27 May 2024)
    SCHAEFFLER 4,564.95 4,749.30 4,745.95 (27 May 2024)
    SUMICHEM 462.25 482 454.55 (05 Sep 2023)
    THERMAX 5,335.95 5,545.85 5,418.55 (27 May 2024)
  • Share Market Today LIVE | Cement stocks gain traction in today’s trade; surge up to 5% in past one month

    Shares of cement companies are in focus today as analysts forecast an impact on the premium valuation of large players in the industry. In the March quarter, on the back of aggressive volume push which led to a sharp increase in volume to the tune of 7-22 per cent at large cement companies, cement prices declined by a steep 5.1 per cent sequentially on an average to Rs 359 per 50 kg bag. Read more 

     

  • Share Market Today LIVE | 5 Stocks to Make Money in 1 Year: Nuvama says this stock can give 31% return

    Ahead of the market opening on Tuesday, brokerage firm Nuvama has advised buying 5 strong stocks from a 12-month perspective. The brokerage has picked Torrent Pharma, Fortis Healthcare, Sun TV, PNC Infra, and PCBL. These shares can give strong returns of up to 31 per cent. Know brokerage calls and target prices for these shares. Read more 

     

  • Share Market Today LIVE | How market wizard Anil Singhvi views NALCO, NMDC, USL, other stocks today

    As domestic equity benchmarks Sensex and Nifty50 hover within one per cent of their all-time highs ahead of Lok Sabha election results due next week, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. 

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    Here's what the market wizard suggests investors do with stocks such as Natco Pharma, United Spirits and Sumitomo Chemical India. Read more 

     

  • Share Market Today LIVE | Indices flat; Sensex up over 31 pts; Nifty near 22,950 in the afternoon deals

    While TCS, HDFC Bank, RIL, and HUL are the major gainers, ITC, Power Grid, NTPC, and Adani Ports are dragging the headline indices.

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    Here is a heat map of stock movement on Nifty50 at this hour 

  • Share Market Today LIVE | From RVNL to Cochin Shipyard - 6 PSU stocks with up to 100% return in 2024

    The PSU (Public Sector Undertaking) stocks have always been favourites among stock market investors. Many have delivered substantial returns with some giving up to 100 per cent return. Read more 

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  • Share Market Today LIVE | Natco Pharma hits a 52-week high after firm reports Q4 results; know what Anil Singhvi suggests for mid-cap stock

    Natco Pharma hit a 52-week high on BSE on Tuesday after the mid-cap firm reported strong set of fourth-quarter results a day ago. Read more

     

  • Share Market Today LIVE | Torrent Pharma stock extends gain as it soars 4.38% on the back strong Q4 results

    Torrent Pharma extended its previous session's gain on BSE on Tuesday (May 28, 2024) as its stock rose by over 4.35 per cent in the morning session. The stock that closed at Rs 1,395.90 a day ago jumped by 4.38 per cent to rise to Tuesday' high of Rs 1,457.10 after starting the session at Rs 1,421.75. Read more 

     

  • Share Market Today LIVE | 697% return in 1 year: This defence PSU stock in focus after bagging an order from a UK firm

    Shares of State-owned Cochin Shipyard Limited(CSL) are in focus as the company has bagged a fresh order from a leading UK-based offshore renewable operator. The counter opened in green at Rs 2007.95, up by around Rs 37.45 from the previous close of Rs 1970.50 on the BSE. The counter jumped around 2.64 per cent to touch the day's high of Rs 2022.55. Read more 

     

  • Share Market Today LIVE | Shares of Inox Wind locked in 10% lower circuit; here’s why

    Shares of Inox Wind were locked in a 10 per cent lower circuit at Rs 147.65 as the company saw a block deal in the pre-opening trade. The sharp decline resulted from the steep discount in the stake sale price, which is reportedly executed at Rs 151 per share. Read more 

     

  • Share Market Today LIVE | Should you buy Bharti Airtel, Hindustan Aeronautics, Tata Motors, M&M, other stocks today? Here is what brokerages recommend

    Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Tata Motors, Mahindra & Mahindra (M&M), Bharti Airtel, and Hindustan Aeronautics Ltd (HAL). Read more 

     

  • Share Market Today LIVE | Awfis Space Solutions IPO allotment today: How to check allotment status online on BSE, Bigshare Services

    Workspace solution provider Awfis Space Solutions's initial public offering (IPO) concluded with an overall subscription of 108.56 times on Monday, May 27. Read more 

  • Share Market Today LIVE | Uncertainty-led nervousness is likely to continue in the markets, says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

    "As we approach the election results a bit of nervousness is visible in the market. The sharp correction in Nifty in the afternoon yesterday indicates this nervousness. This uncertainty-led nervousness is likely to continue," says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

    Dr. V K Vijayakumar adds a high possibility that the market will get a clue of the election results earlier than June 4. This can happen at any time and can trigger a big move in the market. Bank Nifty has the potential to move towards 50000 and go past that level in the event of a sharp rally in the market. Trading may prove to be very risky in the near term. Investors can buy large caps on declines.

  • Commodity update | Yellow metal futures below Rs 72,000, white metal futures near Rs 94,650

    Domestic yellow metal futures trade lower as traders looked ahead to US inflation data this week that may influence the timing of the Federal Reserve’s pivot to cutting borrowing costs. Meanwhile, the white metal futures trade subdued with a positive bias. Read more 

     

  • Share Market Today LIVE | Nifty approaches 22,300, Sensex up over 100 pts in opening deals

    Nifty50

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    Source: NSE

    Sensex

    Source: BSE

  • Currency update | Indian Rupee opens 1 paisa lower at 83.13 against US dollar

     

  • Anil Singhvi Market Strategy May 28 |  Important levels to track in Nifty50, Nifty Bank today

    Zee Business Managing Editor Anil Singhvi expects a support zone for the headline Nifty50 index to emerge at 22,800-22,875 levels and a strong buy zone at 22,700-22,775 levels on Tuesday, May 28. Read more

     

  • Traders' Diary | Buy, sell, or hold strategy on ICICI Bank, LIC, Infosys, PFC, NMDC, and 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 Tuesday, May 28, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar. Read more 

     

  • Share Market Today LIVE | LIC shares in spotlight after state-run life insurer's profit grows 2.5% in Q4; what lies ahead?

    Life Insurance Corporation of India (LIC) shares on Tuesday, May 28 will hog the limelight, a day after the state-run life insurance major reported its March quarter results. Read more 

     

  • Stocks to Watch | IRCTC, LIC, CMS Info Systems, HCLTech, other stocks to track on Tuesday

    400+ companies all set to report their March-quarter results on May 28

    More than 400 companies are scheduled to report their quarterly numbers on Tuesday, including Indian Railway Catering and Tourism Corporation (IRCTC), MTAR Technologies, NBCC, Prestige Estates Projects, RITES, TTK Prestige, Aditya Birla Fashion and Retail, Wockhardt, Brigade Enterprises, Campus Activewear, EIH, GNFC, MMTC, and Dreamfolks Services.

    Telecom companies to pay GST along with spectrum instalments

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    Telecom companies will have to pay Goods and Services Tax (GST) along with the instalments towards spectrum charges, news agency PTI reported citing a senior official.

    CMS Info Systems shares to trade ex-dividend on Tuesday

    The CMS Info Systems stock is scheduled to go ex-dividend on May 28. 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 33.5 points or 0.15 per cent at 23,015 ahead of the opening bell on Dalal Street.

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