Share Market HIGHLIGHTS: Nifty slides below 19,550, Sensex ends 232 pts lower amid broad-based selling; ITC drops 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Friday, October 20, settled in negative territory for the third straight session amid broad-based selling. 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 HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Friday, October 20, settled in negative territory for the third straight session amid broad-based selling. Globally, US Federal Reserve Chair Jerome Powell's comments fanned worries over higher-for-longer interest rates, and the Middle East crisis dented sentiments.
At close, the S&P BSE Sensex was down 231.62 points, or 0.35 per cent, at 65,397.62, and the Nifty was down 82.05 points, or 0.42 per cent, at 19,542.65. In the broader markets, the Nifty Mid Cap 100 and Small Cap 100 ended in red. High-beta Nifty Bank finished flat at 43,723.05.
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 HIGHLIGHTS | Nifty slides below 19,550, Sensex ends 232 pts lower amid broad-based selling
Nifty 50
Nifty slides below 19,550, down 0.42 per cent.
Source: NSESensex
Sensex ends 232 points lower, down 0.35 per cent.
Source: BSE
Share Market HIGHLIGHTS | ITC, Tata Steel BPCL emerge as top losers in 50-scrip blue-chip basket
ITC, Tata Steel, BPCL and Divi's are among the top losers, down nearly 3-2 per cent in the Nifty basket. On the other hand, Kotak Bank, IndusInd Bank, SBI Life and TCS are among the top gainers, trading with gains of around 2-1 per cent.
Source: NSE
Share Market Today LIVE | RVNL wins order worth Rs 420 crore; stock up 3%
Shares of Rail Vikas Nigham rise over 3 per cent on Friday, October 20, touching the day's high of Rs 172.65 on the BSE. The uptrend in the stock comes after the company received a Letter of Acceptance (LoA) from the Vadodara Division of Western Railway for an order worth Rs 420 crore. Read more
Share Market Today LIVE | HUL, ITC decline post-Q2 results; here is what brokerages recommend
FMCG majors Hindustan Unilever (HUL) and ITC Ltd trade in the red on Friday, October 20, a day after the companies released their September quarter numbers. HUL shares slips as much as 2.4 per cent to Rs 2,485.05 apiece on the BSE while those of ITC decline 2.7 per cent to Rs 438.
What brokerages suggest
HUL
Morgan Stanley has maintained an 'equal weight' rating on the stock with a target price of Rs 2,502. JP Morgan has maintained 'overweight' on the stock with a target price of Rs 2,800. Jefferies, on the other hand, has given a "hold" call on the stock and has cut the target price to Rs 2,720 from Rs 2,770 earlier. Read more
Share Market Today LIVE | Bombay Burmah Trading Corporation locked in 20% upper circuit: Here’s why
Shares of Bombay Burmah Trading Corporation locks in the 20 per cent upper circuit at Rs 1,420.5 apiece on the BSE. “The formation of “Higher High, Higher Low” has triggered the next breakout in shares of Bombay Burmah Trading Corporation. Furthermore, the sustainability over the 200-weekly moving average (WMA) has led to a new 52-week high, post-delivering steady support for accumulation around Rs 1200 levels,” Avdhut Bagkar, derivatives and technical analyst at StoxBox, said while maintaining a bullish outlook on the counter. Read more
Share Market Today LIVE | Should you buy, sell or hold Mphasis shares after IT solutions firm's Q2 results?
Mphasis shares suffers sharp losses on Friday after the Bengaluru-based IT solutions provider staged a mixed performance for the July-September period. The Mphasis stock falls by as much as Rs 123.1, or 5.5 per cent, to Rs 2,135 apiece on BSE.
EDITOR'S TAKE | Mphasis results a mixed bag
Zee Business Managing Editor Anil Singhvi pointed out that while the company's margin was slightly better than estimates, its revenue as well as profit missed market expectations. Read more
Stocks to Buy | LTIMindtree, PFC, Colgate-Palmolive 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, Player of the Day. On the top analysts' 'buy' list are stocks such as United Breweries, Power Finance Corporation (PFC), LTIMindtree and Colgate-Palmolive. Read more
Share Market Today LIVE | Havells India Q2 results fall short of Street estimates; should investors buy, sell or hold the FMEG stock?
Fast moving electrical goods (FMEG) company Havells India's shares faces selling pressure on Friday, a day after the Noida-headquartered firm reported a weak set of financial results for the July-September period. The stock of Havells India stock—which manufactures a host of consumer and industrial goods including fans, lights, water heaters, and professional lighting, wiring, and solar solutions—falls by as much as nearly 5 per cent, to Rs 1,299.45 apiece in morning deals on NSE. Read more
Share Market Today LIVE | Zomato block deal: Around 9.27 crore shares change hands; Softbank likely seller; stock up
Shares of online food delivery major Zomato rises over 2 per cent touching the day's high of Rs 114.35 apiece after around 9.27 crores, or 1.07 per cent, of equity shares changed hands in the pre-open session. According to a Zee Business report, SVF Growth Fund was likely to offload a 1.1 per cent stake, or 93,569,368 equity shares, in the online food delivery major. Read more
Share Market Today LIVE | Nestle India, Bajaj Auto, other stocks hit 52-week highs
As many as 21 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) ANGELONE 2,334.80 2,344.70 2,250.00 (13 Oct 2023) 2,344.70 (20 Oct 2023) BAJAJ-AUTO 5,495.45 5,514.65 5,496.85 (19 Oct 2023) 5,514.65 (20 Oct 2023) BBTC 1,420.50 1,420.50 1,375.70 (14 Sep 2023) 10,500.00 (01 Sep 1994) COLPAL 2,094.85 2,128.85 2,102.60 (19 Oct 2023) 2,198.50 (15 Apr 2015) CRISIL 4,200.00 4,283.00 4,200.00 (19 Oct 2023) 9,031.95 (27 Jul 2011) CSBBANK 369.7 374 371.50 (17 Oct 2023) 374.00 (20 Oct 2023) EQUITASBNK 100.05 101.85 101.16 (27 Jul 2023) 101.85 (20 Oct 2023) IRB 36.19 37 36.55 (18 Oct 2023) 346.95 (25 Oct 2021) KPRMILL 827.4 838.3 828.60 (19 Oct 2023) 2,349.60 (09 Sep 2021) MAHSCOOTER 8,342.95 8,600.00 8,247.00 (17 Oct 2023) 8,600.00 (20 Oct 2023) MCX 2,278.35 2,280.55 2,216.90 (16 Oct 2023) 2,280.55 (20 Oct 2023) NBCC 70.1 74.3 72.43 (19 Oct 2023) 1,214.50 (06 Aug 2015) NESTLEIND 24,444.75 24,735.50 24,228.75 (19 Oct 2023) 24,735.50 (20 Oct 2023) NIACL 153.65 153.9 150.60 (20 Sep 2023) 764.25 (30 May 2018) PAYTM 991 998.3 984.90 (12 Oct 2023) 1,961.05 (18 Nov 2021) RAMCOCEM 996.25 1,015.60 1,014.85 (16 Oct 2023) 13,500.00 (25 Apr 1996) SONATSOFTW 1,117.30 1,156.00 1,147.40 (11 Sep 2023) 2,936.60 (16 Feb 2000) SUVENPHAR 592 600 595.00 (13 Oct 2023) 825.00 (18 Sep 2020) SUZLON 31.5 32.25 32.10 (19 Oct 2023) 2,300.00 (09 Jan 2008) TATAMTRDVR 444.65 449 448.55 (16 Oct 2023) 940.25 (11 Nov 2010) WELSPUNIND 136.65 140.05 139.90 (19 Oct 2023) 1,007.15 (14 Mar 2016) Share Market Today LIVE | Nifty Bank turn flat, off day's low
Source: NSE
Share Market Today LIVE | Nifty Bank turn flat, off day's low
Source: NSE
Share Market Today LIVE | Nifty Bank turn flat, off day's low
Source: NSE
Share Market Today LIVE | Nifty Bank turn flat, off day's low
Source: NSE
Share Market Today LIVE | IGL cracks 10% after Jefferies downgrades the stock to hold; stock tumbles over 14% in 2 days
Shares of the gas distribution company Indraprastha Gas extends their losing streak for the second straight session on Friday (October 20) after global brokerage double downgraded the stock to hold from the earlier buy rating. The brokerage has also slashed the target price significantly from the previous Rs 565 to Rs 465, implying potential upside of nearly 2 per cent from the previous close. The counter trades at 10 per cent lower at Rs 411.65 on BSE. Read more
Share Market Today LIVE | HCL Tech shares trade ex-date
HCL Technologies shares trade ex-dividend. The stock declines by as much as 1.7 per cent to touch the day's low of Rs 1,245.45 on NSE. Earlier, HCL Tech—the country's third largest IT firm by market value—announced an interim dividend of Rs 12 of the face value of Rs 2 per equity share, translating to a 600 per cent payout for its shareholders for the current financial year. Read more
Share Market Today LIVE | Good time to add Maggi, KitKat maker to your portfolio? What analysts make of Nestle India results, stock split
Consumer products company Nestle India—whose popular products include Maggi instant noodles—takes centre stage on Dalal Street as brokerages largely remained positive on the stock after the company reported a strong set of financial results for the July-September period, announced a share split plan, and declared a dividend. Nestle India shares gains as much as 2.5 per cent touch fresh record high of Rs 24,745 on NSE. The counter trades at Rs 24,616.2, up by Rs 483.85 or 2 per cent on NSE.
However, Nestle India posted lower-than-expected nine-month sales growth as higher product prices made shoppers balk, but said it expects volumes to turn positive again by the end of the year. Read more
Image source: Reuters/ Representational image Traders' Diary | Buy, sell or hold strategy on SBI, IGL, PVR INOX, Tejas Networks, KPR Mills, other a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Friday, October 20. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Kushal Gupta's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Tejas Networks shares in the cash segment for a price target of Rs 915 with a stop loss at Rs 880
- Sell Havells India futures for a target of Rs 1,336 with a stop loss at Rs 1,366
- Buy the Rs 235 put option of Biocon for a target of Rs 5 with a stop loss at Rs 2
- Technical pick: Buy Vedant Fashions shares for a target of Rs 1,386 with a stop loss at Rs 1,300
- Fundamental pick: Buy Tanla Platforms shares for a target of Rs 1,070 with a stop loss at Rs 1,000
- Cricket World Cup stock pick: Buy KPR Mills shares for a target of Rs 890 with a perspective of 15 days. Read more
Currency Update | Rupee falls 5 paise to 83.18 against US dollar in early trade
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,465-19,525 levels and a strong buy zone at 19,335-19,435 levels on Friday, October 20. For the Nifty Bank, he expects support at 43,500-43,600 levels and a stronger base at 43,350-43,450 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Sensex drops nearly 200 pts, Nifty above 19,550
Nifty trades above 19,550, down 0.31 per cent in early morning deals.
Nifty
Source: NSESensex
Sensex drops nearly 200 points in early monring deals.
Source: BSE
Stocks to Watch | HUL, ITC, Cyient, HCL Tech, Cyient, Mphasis, UBL, and Zomato among top stocks to track today
ZeeBiz will take you to the list of stocks that will be on focus on Friday (October 20).
Results today, October 20: CSB Bank, CG Power and Industrial, Central Bank, CreditAccess Grameen, Butterfly Gandhimathi, Glenmark Life Sciences, Hindustan Zinc, and Sunteck Realty, among others, will announce their results for the second quarter (Q2FY24) today.
HUL: Shares of the FMCG company will be on the radar after its Q2 numbers were released after market hours on Thursday (October 19). The firm’s standalone net profit climbed around 4 per cent YoY, beating estimates.
Cyient: The IT-enabled services firm came out with its September results on Thursday (October 19). Net profit at the firm grew marginally quarter-on-quarter to Rs 178 crore in the July-September period as against Rs 168 crore in the June ended quarter.
Aarti Drugs: The small-cap drug company posted a consolidated net profit of Rs 39.6 crore in the Q2 FY24 period. The figure stood at Rs 38.8 crore during the same period last year. Read more
Dividend stocks | HCL Tech, Dalmia Bharat, KPI Green Energy, other stocks to trade ex-date today
A total of six stocks — HCL Tech, Angel One, Anand Rathi Wealth, KPI Green Energy, Madhya Bharat Agro and Dalmia Bharat — will trade ex-date today, according to the NSE website.
HCL Tech dividend 2023 record date
HCL Technologies shares will turn ex-date today. The IT major announced a 600 per cent payout, an interim dividend of Rs 12 per equity share of face value of Rs 2. The record date for the interim dividend will be October 20 and the payment date will be October 31.
Angel One dividend 2023 record date
Angel One has announced an interim dividend of Rs 12.7 per equity share with a face value of Rs 10, a 127 per cent payout to its shareholders. The broking house has fixed the record date as October 20.
Anand Rathi Wealth dividend
Anand Rathi Wealth has announced an interim dividend of Rs 5 per equity share with a face value of Rs 5, a 100 per cent payout. The record date is also October 20. Read more
Share Market Today LIVE | GIFT Nifty futures indicate negative start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 102.1 points or 0.52 per cent at 19,514 ahead of the opening bell on Dalal Street.
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