Share Market HIGHLIGHTS: Sensex ends 599 pts higher, Nifty 3 pts shy of 22,150 as financial, auto stocks aid recovery
Share Market Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex are likely to sink in red in Fridays session amid negative moves across global markets. 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 are likely to sink in red in Friday's session amid negative moves across global markets. GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 319.7 points or 1.45 per cent at 21,735.5 ahead of the opening bell on Dalal Street.
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 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.
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.
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.
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.
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.
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
Stocks to Watch | Bajaj Auto, Infosys, ITC, Wipro, HDFC AMC, others
Here are some stocks that will be in focus on Friday, April 19:
Bajaj Auto: The two-wheeler company reported a net profit of Rs 2,011.43 crore against Rs 1,704.74 crore year-on-year (YoY). The company's revenue for the quarter under review stood at Rs 11,554.95 crore against Rs 8,929.23 crore a year ago.
Infosys: The IT company reported a 28.1 per cent increase in the net profit to Rs 7,969 crore for the quarter ended on March 31 against Rs 6,106 crore in the December quarter. The company reported weak results as well as guidance.
ITC: ITC’s arm, ITC Infotech, will acquire 100 per cent share capital of Blazeclan Technologies for Rs 485 crore.
APL Apollo Tubes: The company received a tax order of Rs 2,92,10,398 from the Tamil Nadu State Tax Officer.
CONCOR: Container Corporation of India Ltd (CONCOR) and PSA MESA Supply Chain signed a Memorandum of Understanding (MoU) to collaborate in offering seamless and cost-effective end-to-end logistics service to customers. Read more
Traders' Diary | Buy, sell or hold strategy on Maruti Suzuki, M&M, DLF, ICICI Securities, Petronet LNG, 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 Thursday, April 19, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Buy ICICI Securities shares in the cash segment for a target price of Rs 725 with a stop loss at Rs 690
Sell Petronet LNG futures for a target of Rs 293 with a stop loss at Rs 310
Buy the Rs 12,400 put option of Maruti Suzuki India at Rs 156 for a target of Rs 200 with a stop loss at Rs 130
Technical pick: Sell BPCL futures for a target price of Rs 576 with a stop loss at Rs 585
Fundamental pick: Buy LIC shares for a one-year target of Rs 1,160. Read more
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
Bajaj AutoBrokerage Rating New Target (INR) Jefferies Buy 10500 JP Morgan Overweight 10000 Goldman Sachs Neutral 9600 Citi Sell 6500 Macquarie Neutral 8405 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: NSESensex
Source: BSE
Wipro Q4 results | Will it surprise investors? Here is what analysts expect
After more or less in-line Q4 results by Tata Consultancy Services (TCS) and a disappointing set of numbers by Infosys, all eyes are on their peer Wipro, which is slated to release its March quarter numbers (Q4FY24) today, April 19.
The company is expected to post muted numbers for the quarter under review. Its consolidated revenue in rupee terms, as per Zee Business Research, will be flat at Rs 22,200 crore against Rs 22,205 crore logged in the third quarter of the previous fiscal. IT Service's revenue in US dollar terms is seen at Rs 266 crore, against Rs 265.6 crore in Q3 FY24, up 0.2 per cent. Read more
Share Market Today LIVE | GIFT Nifty futures indicate gap-down start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 319.7 points or 1.45 per cent at 21,735.5 ahead of the opening bell on Dalal Street.
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