Share Market HIGHLIGHTS: Sensex ends 599 pts higher, Nifty 3 pts shy of 22,150 as financial, auto stocks aid recovery

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Share Market Today: Nifty 3 pts shy of 22,150, Sensex up 599 pts as financial, auto stocks aid market recovery

Both headline indices close higher after four back-to-back sessions of losses

Share Market Today LIVE | Over 200 listed companies saw promoters increasing stake lately

Of late amid positive domestic macros and India Inc.’s resilience in the face of global headwinds, promoters who are largely company owners have increased their stake in listed entities as per Zee Business Research desk inputs. This is widely given the promoters’ bullishness on their business line.

Furthermore, interestingly, promoters continued to increase their stake even in March when broader markets corrected sharply, thus providing an opportune price to enter these scrips.

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Share Market Today LIVE | Gold prices remain highly volatile today; short and long-term outlook remains positive

Gold prices in Friday’s trade (April 19) swung between gains and losses amid escalating geo-political rift between Iran and Iraq. On the MCX, while gold June futures contract started on a positive note, at around 10:57 am, it drifted in the red and traded with a cut of 0.01 per cent at Rs 72,674 per 10 gm.

Hareesh V-Commodities Head, Geojit held that traders are looking for fresh cues on both the economic data as well as insights on the geo-political front that could likely propel gold further higher going ahead. The expert sees no probable impact of the likely delay in the Federal Reserve’s  first rate cut on gold.

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Share Market Today LIVE | Just Dial shares erase gains after hitting fresh 52-week high; JM Financial maintains ‘buy’ on compelling valuations

Shares of Just Dial in Friday’s trade amid broad-based market sell-off witnessed selling pressure after marking its fresh 52-week high of Rs 1034.6 per share on the BSE.

At around 10:26 am, shares of the company traded with a cut of over 1 per cent at Rs 998.5 apiece on the BSE. The company’s shares over the last two days have climbed over 16 per cent to Rs 1035 apiece today as against its price of Rs 891 as on April 16.

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Share Market Today LIVE | 465% returns in 1 year! This small-cap gem is in spotlight today; here is why

Shares of Inox Wind, one of the leading names in the wind energy market, were on the radar on Friday, April 19, as the company announced that it has bagged an order for the supply of 210 MW of wind turbine generators (WTGs) from Hero Future Energies (HFE), one of the leading renewable energy players in India.

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Share Market Today LIVE | Precious metals inch higher amid rising concerns in Middle East

Domestic precious metal futures on Friday edged higher as concerns over rising tensions between Israel and Iran stoked haven demand.

Last seen, MCX gold futures (Jun 5) rose Rs 104 or 0.14 per cent at Rs 72,785 per 10 grams at the last count. Meanwhile, MCX Silver futures (May 3) rose 0.14 per cent or Rs 119 at Rs 83,392 per kg.

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Share Market Today LIVE | Should you buy HDFC Life, Apollo Hospital, other stocks today? Here is what brokerages recommend 

Brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, JPMorgan, Morgan Stanley, HSBC, CIti and Nomura make of stocks such as Bajaj Auto, Infosys, HDFC LIfe and Apollo Hospital:

HDFC Life

Morgan Stanley has an 'overweight' rating on the HDFC Life stock with a target of Rs 745. Two brokerages, Jefferies and Nomura have a 'buy' call on HDFC Life shares with a target of Rs 750 and Rs 680, respectively.

Apollo Hospitals

HSBC has maintained a 'buy' call on the Apollo Hospitals stock with a target of Rs 7,475. Read more 

Share Market Today LIVE | Axis Bank, RIL, L&T, Infy, TCS among top drags in Nifty50 amid broad-based sell-off 

Source: NSE

Share Market Today LIVE | Nifty Bank trades nearly 250 pts lower

Source: NSE

Share Market Today LIVE | Bajaj Auto shares tumble 3% in a weak market despite good Q4; brokerages divided

Bajaj Auto shares decline as much as 3 per cent to the day’s low of Rs 8753.2 amid broader market weakness despite a good Q4 show by the 2-wheelers major which saw the brokerage raise the target price on the counter. For the January-March period, Bajaj Auto posted a 29 per cent increase in revenue, with profits also inching higher by 35 per cent. Margins at the company also logged a decent gain of 0.1 per cent.

Here’s what global brokerages say on the stock after its Q4 show

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Stocks to Buy or Sell | Divi's Labs, Shriram Finance, Bharat Forge, United Breweries among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Sacchitanand Uttekar, Siddharth Sedani and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.

On the top analysts' 'buy' and 'sell' list are stocks such as Divi's Laboratories, Shriram Finance, Bharat Forge, United Breweries and Coromandel International. Read more 

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

Zee Business Managing Editor Anil Singhvi sees support emerging at 21,725-21,850 levels and a stronger support zone at 21,550-21,675 levels for the headline Nifty50 index on Friday, April 19, as the country enters the first phase of a seven-phase polling process under the 2024 Lok Sabha elections. 

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Currency Update | Rupee falls 6 paise to 83.58 against US dollar in early trade

Share Market Today LIVE | Nifty sinks below 21,850, Sensex falls nearly 600 pts in opening deals

Nifty 50

Source: NSE

Sensex

Source: BSE