Share Market HIGHLIGHTS: Sensex ends 455 pts lower, Nifty cracks below 22,000 dragged by financial, FMCG stocks
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex kicked off the trading day on Thursday with a notable upward trajectory as both the Sensex and Nifty indices opened with gains after the Ram Navami holiday.
Catch all the highlights of the April 18 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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex kicked off the trading day on Thursday with a notable upward trajectory as both the Sensex and Nifty indices opened with gains after the Ram Navami holiday.
Catch all the highlights of the April 18 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
Share Market Today: Sensex ends 455 pts lower, Nifty cracks below 22,000 as market falls for 4th session in a row
Financial, FMCG stocks lead losses
Share Market Today LIVE | Biocon jumps after biopharma firm inks deal with Brazil-based Biomm SA
Biocon rose by over 3.75 per cent on BSE on Thursday (April 18, 2024) after the company signed an exclusive licensing agreement with Biomm SA.
The stock that began its journey on Thursday at Rs 272.25 touched the day's high of Rs 273.00, a 3.76 per cent rise from its previous close of Rs 263.10.
Share Market Today LIVE | Five stocks where FIIs increased their stake in March quarter; do you own any?
Investors, both institutional and retail, revise their investment portfolios regularly to get maximum returns. They add and/or buy securities that hold promise and have a positive outlook and trim, or sell their stakes in those securities whose future performance looks gloomy for a host of reasons.
The latest shareholding pattern (March 2024 quarter) shows that foreign investors (FIIs and FPIs) have raised their stakes in a diverse set of companies.
Share Market Today LIVE | ONGC gains over 1% as Morgan Stanley maintains overweight view; stock gains 79% in 1 year
Shares of the upstream oil company Oil and Natural Gas Corporation gained in early trade by as much as as 1.6 per cent to day's high at Rs 287.55 Morgan Stanley continues with its overweight view on the stock for a target of Rs 304 per share. This implies a decent upside of 7 per cent over the previous close.
The company's outperformance is likely to continue with improved capital allocation & stable regulations supporting stable 18-20% ROE, the brokerage said.
Share Market Today LIVE | Angel One reports mixed Q4 no.s; stock rises over 8%
Shares of Angel One gained over 8 per cent in Thursday's morning deals and touched the intra-day high of Rs 3,099 apiece on BSE after the company reported its Q4 numbers.
As of 9:44 a.m., shares of Angel One traded over 2.96 per cent or Rs 84.55, higher at Rs 2,936 apiece on BSE. The market capitalisation of the company at around the same time stood at Rs 26,331.78 crore.
Share Market Today LIVE | JM Financial initiates coverage on LIC stock on strong value; sees 25% upside potential
The domestic brokerage JM Financial iterates its buy call on Life Insurance Corporation of India and believes that non-participating book at the company which is its key focus area now provides growth opportunity to the company. The brokergae maintains a 'buy' on the stock and has pegged the target at Rs 1222 per share.
Here are the 3 key reasons why the brokerage has turned bullish on the counter and initiated coverage with a 'buy':
Share Market Today LIVE | Tata Communications rises despite reporting mixed fourth-quarter results
Tata Communications rose by over two per cent on BSE on Thursday (April 18, 2024) after the telecom company reported mixed fourth-quarter results a day ago.
The stock that opened at Rs 1,846.90 on Thursday rose to the day's high of Rs 1,923.05, a 2.07 per cent rise from its previous close of Rs 1,884.05.
Share Market Today LIVE | Vedanta targets $750 crore EBITDA in 2 years; stock hits 52 week high
Vedanta shares clocked a 52 week high at Rs 391 apiece on BSE after Vedanta Ltd Chairman Anil Agarwal said the current financial year that started on April 1 will be a transformative year for his conglomerate Vedanta.
As of 10:27 a.m., shares of Vedanta traded over 2.57 per cent or Rs 9.7, higher at Rs 387.7 apiece on BSE. The market capitalisation of the company at around the same time stood at Rs 1,44,320.16 crore.
Share Market Today LIVE | IIFL Finance shares gain after board gives nod to rights issue—check out record date, share issue price
IIFL Finance shares surged on Thursday, April 18, a day after the NBFC's board approved raising up to Rs 1,271.83 crore from a rights issue at a price of Rs 300 per share. The IIFL stock rose nearly three per cent to the day's high of Rs 433.55 on NSE in morning deals.
Last month, the IIFL board approved raising an amount not exceeding Rs 1,500 crore by way of issue of shares on a rights basis to existing eligible shareholders as on the record date.
Share Market Today LIVE | Paytm jumps over 3.30% after NPCI's nod to start user migration to new PSP bank handles
One97 Communications Ltd, the parent company of Paytm, jumped by over 3.30 per cent on BSE on Thursday (April 18, 2024) a day after it received the go-ahead from NPCI to start the user migration to new Payment System Provider (PSP) bank handles immediately.
The stock that closed at Rs 391.35 on Wednesday started Thursday's session at Rs 400.45.
Share Market Today LIVE | Vodafone Idea jumps over 4.30% on first day of its FPO offer
Vodafone Idea jumped over four per cent on BSE on Thursday (April 18, 2024) on a day when its follow-on public offer (FPO) opened for subscription.
The stock that began its journey at Rs 13.08 on Thursday rose to the day's high of Rs 13.48, a 4.33 per cent jump from the previous close of Rs 12.92.
Share Market Today LIVE | This multibagger smallcap stock climbs 6% on US EV market foray
Shares of Ramkrishna Forgings in trade on Thursday climbed as much as 6 per cent to day's high price of Rs 763.8 per share on the BSE after the company made its debut in the US electric vehicle market.
The company in its exchange filing today said that it has secured an approval for supplying Power Train Components to USA's largest Electric Passenger Vehicle Producer.
Just Dial stock hits 52-week high, shares jump over 13% after Q4FY24 results
Shares of Just Dial rose as much as 13 per cent in the opening deals on Thursday, April 18, after the company shared its quarterly results for the fourth quarter of the current fiscal (Q4 FY24) that ended on March 31, 2024.
The stock climbed 12.97 per cent to Rs 1,010 -- its 52-week high -- on the BSE while on the NSE, it jumped 13.34 per cent to hit the 52-week high of Rs 1,010.
Share Market Today LIVE | Why is Investec bullish on the dairy sector?
The Indian dairy sector, which has experienced several obstacles in the last three years, such as demand disruptions due to the COVID-19 pandemic and milk shortages that led to a sharp increase in prices, is finally moving past the tough stretch and offers an opportunity for investors to tap into the rising discretionary consumption in the country.
As consumer preferences evolve towards value-added dairy products, private players should gain. In the medium term, the anticipated decrease in inflationary pressures should drive earnings growth, the brokerage firm Investec said in its report issued on April 13. Read more