Share Market HIGHLIGHTS: Sensex ends 384 pts lower, Nifty gives up 22,350 dragged by financial, energy stocks
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session in the red on Tuesday as selling pressure in financial and energy stocks outweighed mild buying interest in FMCG counters.
Catch all the highlights of the May 7 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 finished a volatile session in the red on Tuesday as selling pressure in financial and energy stocks outweighed mild buying interest in FMCG counters.
Catch all the highlights of the May 7 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 384 pts lower, Nifty slides to 22,302.5 dragged by financial, energy stocks
Share Market Today LIVE: Sensex is down 374 points at 73,520 and Nifty at 22,305 as Dalal Street enters today's final half hour of trading.
Look at the positions of the major indices at this hour:
- Sensex is down 374 pts at 73,520
- Nifty down 137 pts at 22,305
- Nifty Bank down 550 pts at 48,344
Share Market Today LIVE | Buy Ramkrishna Forgings stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Ramkrishna Forgings shares for a target of Rs 740 with a stop loss at Rs 690.
Share Market Today LIVE | Buy Sigachi Industries stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Sigachi Industries shares for a target of Rs 75 with a stop loss at Rs 62.
Share Market Today LIVE | Happiest Minds Tech Q4 profit up 25% to Rs 72 crore
IT firm Happiest Minds Technologies reported a 24.83 per cent increase in consolidated net profits at Rs 71.98 crore for the quarter ended March 2024 and said it expects to encash on its newly launched GenAI business unit.
Share Market Today LIVE | Gujarat Gas reports better-than-expected Q4 nos; what should investors do?
Shares of Gujarat Gas traded in the green on Tuesday, (May 7), after the company reported its Q4FY24 numbers on Monday after market hours.
At around 10:04 a.m., shares of Gujarat Gas traded 0.88 per cent or Rs 4.8 higher at Rs 552.45 apiece.
Share Market Today LIVE: Sensex slumps over 500 pts, Nifty slides below 22,300 amid broad-based sell-off
- Sensex: down 545.4 points, or 0.7 per cent, at 73,350.1
- Nifty50: down 187 points, or 0.8 per cent, at 22,255.8
- Nifty Bank: down 631.2 points, or 1.3 per cent, at 48,264.1
Share Market Today LIVE | HPCL and BPCL jump as both are set to announce Q4 results in May 9 board meetings
Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited jumped over four and three per cent, respectively, on BSE on Tuesday (May 7, 2024) as both companies are set to consider results, issue of bonus shares, and dividend on in their board meetings on May 9.
Here's how the stocks of HPCL and BPCL and trading on BSE on Tuesday.
Share Market Today LIVE | Precious metals subdued; yellow metal above Rs 71,300; white metal above Rs 82,850
Domestic precious metal futures on Tuesday were subdued as traders evaluated mixed signals about the US economy and awaited insights from Federal Reserve speakers on interest rate prospects.
Last seen, MCX gold futures (Jun 5) traded flat with a negative bias at Rs 71,315 per 10 grams at the last count. Meanwhile, MCX Silver futures (Jul 5) were muted with a negative bias at Rs 82,880 per kg.
Share Market Today LIVE | Morgan Stanley initiates coverage on this multibagger railway infra stock; stocks zooms over 6%
Titagarh Rail Systems in Tuesday’s trade (May 7, 2024) zoomed up to 6.28 per cent in early morning deal to Rs 1099.7 after global brokerage Morgan Stanley initiated an ‘overweight’ view on the stock with a target price of Rs 1285.
The set target by the brokerage implies a potential upside of over 24 per cent. The brokerage sees strong evidence of a revival in the country’s railways, & is of the view that Titagarh is a large beneficiary.
Share Market Today LIVE | Voltas Q4 preview: Cons. revenue to likely log 28% growth; margins to contract by 60bps
The country’s leading air conditioning and engineering services company Voltas is all set to unveil its March quarter results today.
Zee Business research desk estimates the home appliances company to report a strong quarter with consolidated revenue expected to log 28 per cent year-on-year (YoY) growth to Rs 3,789 crore as against Rs 2,957 crore in the same period last year.
Share Market Today LIVE | Voltas rises as Tata group firm is set to report fourth-quarter results
Voltas shares jumped one per cent on BSE on Tuesday (May 7, 024) as the Tata group firm is set to report its fourth-quarter results today.
The stock that ended its journey on Monday at Rs 1447.20 rose to Tuesday's high of Rs 1461.75, a one per cent rise from the previous close.
Share Market Today LIVE | Should you buy Hindalco, Godrej Consumer Products, Marico, other stocks today? Here is what brokerages recommend
Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, and Nomura make of stocks such as Hindalco, Godrej Consumer Products, Indus Towers, and Marico.
Gujarat Gas Share Price Target
JPMorgan has maintained an 'underweight' rating on the Gujarat Gas stock with a target of Rs 396, while Macquarie has maintained an 'underperform' rating on the stock with a target of Rs 460. Citi has maintained a 'sell' call on Gujarat Gas shares with a target of Rs 450.
Lupin Share Price Target
Citi has maintained a 'sell' call on the Lupin stock with a target of Rs 1,380. Nomura, on the other side, has maintained a 'buy' call on the stock with a target of Rs 1,949. Macquarie has maintained an 'outperform' rating on Lupin shares with a target of Rs 1,530, while JPMorgan has maintained an 'overweight' rating on the stock with a target of Rs 710. Read more
Traders' Diary | Buy, sell or hold strategy on HPCL, BPCL, Hero MotoCorp, Havells India, Wipro, 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 Tuesday, May 7, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Nupur Jainkunia's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Buy Muthoot Microfin shares in the cash segment for a target price of Rs 252 with a stop loss at Rs 242
Buy Wipro futures for a target of Rs 473 with a stop loss at Rs 455
Buy the Rs 610 call option of Bharat Petroleum Corporation Ltd (BPCL) at Rs 25 for a target of Rs 45 with a stop loss at Rs 18
Technical pick: Buy Navin Fluorine shares for a target price of Rs 3,550 with a stop loss at Rs 3,430
Fundamental pick: Buy Hero MotoCorp shares for a target of Rs 5,000 with a perspective of 4-months
Investment idea: Buy Apollo Hospitals shares for a one-year target of Rs 7,200. Read more