Share Market HIGHLIGHTS: Nifty reclaims 19,650, Sensex ends 364 pts higher, rises for 2nd day; Bajaj twins rise up to 6%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex closed in positive territory on Friday, October 6, after the Reserve Bank of India (RBI) kept the repo rate unchanged, which helped rate-sensitive stocks edge higher. 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 closed in positive territory on Friday, October 6, after the Reserve Bank of India (RBI) kept the repo rate unchanged, which helped rate-sensitive stocks edge higher. Broad-based buying was seen on the sectoral front.
At close, both indices closed 0.55 per cent higher. S&P BSE Sensex ended up 364.06 points at 65,995.63 and NSE Nifty settled up 107.75 points at 19,653.5. The Nifty Bank finished 0.33 per cent higher at 44,360.6. In the broader market, both the Nifty Mid Cap 100 and the Small Cap 100 ended over half a per cent higher.
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 | Bajaj twins, Titan IndusInd Bank rise most in 50-scrip blue-chip basket
Bajaj twins, Titan, IndusInd Bank and Tata Consumer Products are among the top gainers in the Nifty basket, trading with gains of around 6-2 per cent. On the other hand, HUL, Coal India, ONGC and Asian Paints are among the top losers, down nearly up to 1 per cent.
Source: NSE
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Share Market HIGHLIGHTS | Sensex ends 364 pts higher, Nifty reclaims 19,650 amid broad-based buying
Nifty 50
Nifty reclaims 19,650, ends 0.55 per cent higher.
Source: NSESensex
Sensex ends 364 points higher at 65,996.
Source: BSE
Share Market Today LIVE | Kalyan Jewellers shares jump over 11% post-encouraging Q2 business update
Shares of Kalyan Jewellers India jump as much as 11.3 per cent to hit a fresh 52-week high of Rs 261.95 apiece on the BSE on Friday after the jewellery retailer released its Q2 business update. In a regulatory filing with the exchanges, the company said that it has clocked a total revenue growth of around 27 per cent for the September quarter in comparison to the same period of the previous fiscal year. Revenue growth for the H1FY24 came in at approximately 29 per cent versus the corresponding period of the last fiscal. Read mor
Share Market Today LIVE | Bajaj Finance hits 52-week high
Bajaj Finance shares gain by as much as Rs 330 or 4.2 per cent to clock a 52-week high of Rs 8,179.45 apiece, surpassing an earlier peak of Rs 8,040.55 touched on October 4, 2023, the S&P BSE Sensex basket.
Share Market Today LIVE | Nifty above 19,650, Sensex gains over 400 pts amid broad-based buying
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Bajaj Finance, DLF, Medanta, other stocks hit 52-week highs
As many as 11 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 1,980.00 2,042.00 1,998.95 (05 Oct 2023) 2,042.00 (06 Oct 2023) ASTRAZEN 4,708.00 4,716.00 4,642.15 (25 Sep 2023) 4,970.00 (08 Sep 2020) BAJFINANCE 8,117.75 8,134.95 8,040.55 (04 Oct 2023) 11,760.05 (02 Aug 2016) CHALET 614 620.15 596.90 (03 Oct 2023) 620.15 (06 Oct 2023) DLF 538.35 544.6 544.45 (08 Sep 2023) 1,225.00 (15 Jan 2008) ECLERX 2,114.00 2,117.45 2,045.00 (05 Oct 2023) 2,970.00 (13 Jan 2022) GODREJIND 645.85 659.9 603.55 (05 Oct 2023) 908.90 (18 May 2006) MEDANTA 742.6 758 757.20 (05 Oct 2023) 758.00 (06 Oct 2023) PCBL 197 197.2 186.25 (05 Oct 2023) 1,594.90 (09 Jan 2018) SUNTV 632.55 639.8 637.75 (05 Oct 2023) 1,849.00 (08 Feb 2007) SUZLON 29.04 29.82 29.69 (05 Oct 2023) 2,300.00 (09 Jan 2008) Share Market Today LIVE | Nifty Bank edge higher, up nearly 100 pts
Source: NSE
Nifty Today LIVE | Bajaj twins, ITC, Infy, M&M among top movers in Nifty 50
Bajaj twins, ITC, Infy, M&M and HDFC Bank are the top movers in the Nifty baskets at this hour. On the contrary, HUL, Bharti Airtel and ICICI Bank are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE Share Market Today LIVE | Bajaj Finance gains after NBFC gives the nod to Rs 10,000 crore fundraising plan
Shares of NBFC major Bajaj Finance trade 3 per cent higher at Rs 8,085 on BSE after the company in its board meeting on Thursday (October 5) approved fundraising to the tune of Rs 10,000 crore. The board of Bajaj Finance approved fundraising via the qualified institutional placement (QIP) route for an amount of Rs 8,800 crore by issuing equity shares of face value of Rs 2 each. Read more
Stocks to Buy | Paytm, Balkrishna Industries, Mphasis among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Sacchitanand Uttekar, Kunal Saraogi, Siddharth Sedani and Rajesh Palviya share their top recommendations for the day in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks such as Voltas, Balkrishna Industries, Mphasis, and Paytm. Read more
Share Market Today LIVE | Lupin shares edge higher after pharma major gets US FDA approval for its Tolvaptan tablets
Global pharma major Lupin shares edge higher to trade at Rs 1,152.85, up 0.38 per cent a day after the company announced that it had received tentative approval from the US FDA for Tolvaptan tablets to market a generic equivalent of Jynarque® tablets. Read more
Share Market LIVE | Nifty, Sensex at day's highs after RBI monetary policy meets expectations
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Rate-sensitive stocks edge higher after RBI keeps the repo rate unchanged
Rate-sensitive stocks—banking, financial services, realty, and consumer durables—trade in green after the Reserve Bank of India (RBI) kept the interest rate unchanged at 6.5 per cent in the early deals on Friday, October 6. All the sectoral indices edged higher, where Nifty Consumer Durables is up 0.33 per cent, Nifty Bank is up 0.23 per cent, Nifty Financial Services is up 0.42 per cent and Nifty Realty is up 0.75 per cent. Read more
Share Market Today LIVE | Tata Motors gains after JLR retail sales grow 21% YoY in Q2—should you buy, sell or hold the stock?
Tata Motors shares on Friday, October 6, trade 0.51 per cent higher at Rs 622.75 on the NSE. The stock is in demand after Tata Motors-owned Jaguar Land Rover's (JLR) retail sales, including the Chery Jaguar Land Rover China JV, grew 21 per cent year-on-year (YoY) at 106,561 units for the July-September quarter (Q2FY24). The company registered retail sales of 88,121 units in the corresponding quarter of the previous fiscal, the company informed in a note on October 5. Read more
Share Market Today LIVE | Kalyan Jewellers shares climb 4% on encouraging Q2 business update
Kalyan Jewellers India shares gain as much as over 4 per cent at Rs 244.15 on BSE after the jewellery retailer released its Q2 business update. In a regulatory filing with the exchanges, the company said that it has clocked a total revenue growth of around 27 per cent for the September quarter in comparison to the same period of the previous fiscal year. Revenue growth for the H1FY24 came in at approximately 29 per cent versus the corresponding period of the last fiscal. Read more
Share Market Today LIVE | Nifty above 19,600, Sensex gains over 200 pts
Nifty 50
Nifty rises above 19,600, up 0.33 per cent in opening deals.
Source: NSESensex
Sensex gains over 200 points at 65,832 in opening deals.
Source: BSE
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 19,485-19,525 levels and a strong buy zone at 19,340-19,435 levels on Friday, October 6, the day the RBI is due to reveal a key decision on benchmark interest rates following three days of bi-monthly deliberations at its all-powerful Monetary Policy Committee (MPC). For the Nifty Bank, he expects support at 43,950-44,100 levels and a strong buy zone at 43,600-43,850 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 3 paise to 83.22 against US dollar in early trade
Stock to Watch | Rate-sensitive stocks, Tata Motors, Bajaj Finance, consumption stocks and Valiant Lab among top stocks to track today
ZeeBiz takes you through the list of stocks that can be in action on Friday, October 6, 2023:
Tata Communications: The Tata Group company announced on Thursday that its acquisition of Kaleyra Inc., a New York Stock Exchange-listed company, has been completed. As a result, Kaleyra Inc. has become a direct subsidiary of TC India pursuant to the reverse merger between TC Delaware Technologies Inc (a direct subsidiary of TC India) and Kaleyra Inc. wherein Kaleyra Inc is the surviving entity, Tata Communications said in a statement on Thursday.
Vedanta Ltd: Vedanta said on Thursday that CRISIL Ratings, vide release dated October 04, 2023, has placed its ratings on the company's long-term bank facilities and debt instruments on ‘rating watch with negative implications’ while reaffirming the ratings on the short-term debt instruments.
Tata Motors: Tata Motors subsidiary Jaguar Land Rover (JLR) on Tuesday reported increased sales volumes for the second quarter of FY24 (three-month period to 30 September 2023). In a BSE filing on Thursday, Tata Motors said that wholesale volumes in the period were 96,817 units (excluding the Chery Jaguar Land Rover China JV), up 29 per cent compared to the same quarter a year ago. The luxury car's wholesale volumes for the first half of the financial year were 190,070, up 29 per cent compared to the prior year.
Havells India: Havells India said on Thursday that CARE has reaffirmed the ratings to its facilities/instruments. While the rating agency has reaffirmed the CARE AAA (Triple A) rating of Havells' long-term bank facilities; reaffirmed the CARE A1+ (A One Plus) rating of its long-term bank facilities while also reaffirmed the CARE A1 rating of its commercial paper.
Valiant Laboratories: Shares of the company will be listed on NSE and BSE today.
Suzlon Energy: The company shifted to Additional Surveillance Measure (ASM) Stage IV. Edelweiss Financial Services: Shortlisted in short-term ASM. Read more
RBI MPC Meeting Live | Will Shaktikanta Das keep repo rate unchanged in today's monetary policy review?
Will the Reserve Bank of India keep 'pause' pressed on the repo rate this time as well? RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) is set to reveal the outcome of its three-day, bi-monthly deliberations at 10 am on October 6, 2023. Most economists expect the all-powerful MPC, the RBI's rate-deciding panel, to continue with the repo rate at the existing level. Currently, the repo rate—or the key interest rate at which the RBI lends money to commercial banks—stands at 6.5 per cent, following four scheduled and two out-of-cycle revisions between May 2022 and February 2023.
Catch LIVE updates on the October 4-6 review of the RBI's MPC, expert views, real-time analysis and much more, only on Zeebiz.com's blog
Image source: Reuters 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 43 points or 0.22 per cent at 19,608 ahead of the opening bell on Dalal Street.
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