Share Market HIGHLIGHTS: Nifty reclaims 22,500, halts 5-day losing streak
Share Market Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex opened on a firm note Friday, following five straight sessions of losses. 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 Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex opened on a firm note Friday, following five straight sessions of losses, primarily due to fresh accumulation of stocks by investors following the latest dip.
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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Share Market Today: Nifty reclaims 22,500, halts 5-day losing streak
Share Market Today LIVE | Sensex down 24.21 pts, Nifty at 22,481 in the last 30 minutes of trade
- Sensex at 73,861.39
- Nifty50 at 22,481.15
- Nifty Bank up 125 pts at 48,807.80
Share Market Today LIVE | Buy NBCC stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying NBCC shares for a target of Rs 150 with a stop loss at Rs 135.
Share Market Today LIVE | Buy Anan Raj stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Anant Raj shares for a target of Rs 410 with a stop loss at Rs 375.
Share Market Today LIVE | After delivering 170% return in 1 year, this new-age stock may plummet up to 47%
After over 170 per cent gains in the new-age company Zomato, Macquarie has retained its 'underperform' call on the stock with a target of Rs 96. The suggested target implies a potential downside of 47 per cent.
At the last count, shares of the food delivery services provider traded lower by over 3 per cent at Rs 175, while at day's low it hit levels of Rs 171.25, a drag of over 5 per cent in comparison to the previous close.
Dividend stocks next week: ITC, Rallis India, Indian Hotels, ICICI Lombard, JM Financial, other stocks to trade ex-date record date
Shares of several companies, including ITC, Rallis India, Indian Hotels, ICICI Lombard, JM Financial, and others will trade ex-date next week starting June 3.
Ex-dividend stocks next week, full list:
Share Market Today LIVE | Tata Steel shares recover partially after 6% losses post Q4 results
Shares of the country’s leading diversified steel producer Tata Steel saw partial recovery in Friday’s trade (May 31) after steep losses to the tune of 6 per cent post the announcement of the company’s results on Wednesday after market hours.
The stock at the last count traded higher by 1.46 per cent at Rs 166.6, and notched the day’s high price of Rs 166.8 per share on the BSE.
Share Market Today LIVE | Natco Pharma rises nearly 2% after mid-cap firm submits application for Rimegepant Sulfate tablets to US FDA
Natco Pharma jumped by nearly two per cent on BSE on Friday (May 31, 2024) after the company said that it had submitted the application to US FDA for its Abbreviated New Drug Application (ANDA).
Natco Pharma shares that closed trading at Rs 1,020.15 each a day ago started the trading session on Friday up by 1.92 per cent at Rs 1039.75 apiece, which turned out to be its highest price for the day.
Share Market Today LIVE | From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Equity benchmark indices rebounded on Friday after falling for the past five days.
The 30-share BSE Sensex climbed 550.22 points to 74,435.82 and the NSE Nifty went up by 147.15 points to 22,635.80.
Stocks to Buy | HDFC Bank, ICICI Bank, Bharat Electronics among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Siddharth Sedani, and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Series.
On the top analysts' 'buy' list are stocks such as ICICI Bank, HDFC Bank, Bharat Electronics Ltd (BEL), and Bank of Baroda (BoB). Read more
Nifty Today LIVE | RIL, Infy, Tata Steel, TCS among top drags
Reliance Industries, Infosys, Tata Steel, and Tata Consultancy Services (TCS) are among the top drags in the Nifty 50 baskets at this hour. On the contrary, ICICI Bank, HDFC Bank, and Axis Bank 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 Bank trades over 100 pts in morning deals
Source: NSE
Share Market Today LIVE | Muthoot Finance shares up 4% after CLSA raises target price post-Q4 results
Muthoot Finance shares surge 4.2 per cent to the day's high of Rs 1,744.6 on NSE, a day after the gold financing company posted decent quarterly results for the January-March period. The counter also turned ex-dividend today.
Muthoot Finance share price target: CLSA maintains 'reduce' call, raises target
CLSA has maintained a reduce rating on Muthoot Finance. The brokerage has raised the target by Rs 260 per share to Rs 1,700 per share. The company saw a 70 bps expansion in its margin, which is in contrast to Manappuram Finance, the brokerage said in its note.
"Management is optimistic of delivering +15% gold loan growth in FY25. Separately, it guided for an increase in its cost of funds," it added. Read more
Share Market Today LIVE | Apollo Hospitals shares jump 3% after March quarter profit rises; should you buy?
Shares of Apollo Hospitals Enterprise, part of the Nifty Healthcare index, jump over three per cent to the day's high of Rs 5,959.35 on NSE, halting the five-day declining trend, a day after the healthcare provider reported good March quarter results.
Buy/sell/hold Apollo Hospitals stock?
Morgan Stanley has maintained an overweight call on Apollo Hospitals with a target price of Rs 7,181 per share. The brokerage sees an upside of 24.5 per cent in the counter from the previous close. In addition, Macquarie has retained an underperform rating on the hospital stock with a target of Rs 4,200 per share. Read more
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 22,350-22,425 levels and a strong buy zone at 22,225-22,300 levels on Friday, May 31.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Dividend Stocks | Infosys, Havells India, IEX, Muthoot Finance, Page Industries, other stocks to trade ex-date today
Shares of several companies, including Infosys, Havells India, IEX, Page Industries, and others will trade ex-dividend and ex-stock split today, May 31, as per data available on NSE.
Havells India dividend 2024 record date
Havells India has announced a final dividend of Rs 6 per equity share.
IEX dividend 2024 record date
Indian Energy Exchange has announced a final dividend of Rs 1.5 per equity share and a record date of May 31.
Infosys dividend 2024 record date
Infosys has announced a final dividend of Rs 20, a special dividend of Rs 8 per equity share, and a record date of May 31.
JSW Energy dividend 2024 record date
JSW Energy has announced a dividend of Rs 2 per equity share and a record date of May 31.
Muthoot Finance dividend 2024 record date
Muthoot Finance has announced an interim dividend of Rs 24 per equity share and a record date of June 1. Read more
Opening Bell | Nifty above 22,550, Sensex gains nearly 350 pts; Apollo Hospitals gains 3%
Currency Update | Rupee rises 4 paise to 83.25 against US dollar in early trade
Morning Outlook | Domestic market could open higher, says Deepak Jasani
"Indian markets could open higher, in line with mostly higher Asian markets today and despite negative US markets on May 30, says Deepak Jasani, Head of Retail Research, HDFC Securities.
"Nifty fell for the fifth consecutive session on May 30, to close with losses of 0.95 per cent at 22488. From the recent high of 23110, Nifty has witnessed a fall of almost 700 points towards 22,417. 50-day EMA for Nifty is placed near 22,380, which can offer support for the short term. On the higher side, 22,700 could act as an immediate resistance," he adds.
Stock to Watch | Infosys, Havells India, Apollo Hospitals Enterprise, IEX, other stocks to track on Friday
Infosys shares to trade ex-dividend
Infosys shares are scheduled to trade ex-dividend on May 31.
Apollo Hospitals Enterprise Q4 profit rises 76%
Apollo Hospitals Enterprise has registered a 76 per cent year-on-year increase in its consolidated net profit to Rs 254 crore for the March quarter. 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 74.15 points or 0.33 per cent at 22,701.5 ahead of the opening bell on Dalal Street.
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