Share Market HIGHLIGHTS: Sensex drops 248 pts, Nifty slides to 19,625; Wipro drops 3%, Bajaj Auto zooms 7%
Share Market HIGHLIGHTS: Domestic equity indices settled lower for the second consecutive day on Thursday, October 19, amid broad-based selling in financial stocks. 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 indices settled lower for the second consecutive day on Thursday, October 19, amid broad-based selling in financial stocks. At close, S&P BSE Sensex was down 247.78 points, or 0.38 per cent, at 65,629.24 and NSE Nifty was down 46.4 points, or 0.24 per cent, at 19,624.7.
In the broader market, the Nifty Mid Cap 100 ended flat, whereas the Small Cap 100 settled in positive territory. On the sectoral front, Nifty Bank also ended lower by 0.31 per cent at 43,754.5.
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 | Wipro, TechM, Sun Pharma among top losers in Nifty 50
Wipro, TechM, Sun Pharma and UPL are among the top losers, down around 1-3 per cent in the Nifty basket. On the other hand, Bajaj Auto, LTIMindtree, HeroMotoCorp and Nestle India are among the top gainers, trading with gains of around 7-3 per cent.
Source: NSE
Share Market HIGHLIGHTS | Sensex drops 248 pts, Nifty slides to 19,625
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | Coforge maintains FY24 revenue growth forecast; shares rise
Coforge shares are in demand on Thursday after the IT services company reported its financial results for the July-September period and maintained its revenue forecast for the full year. The stock of Noida-based Coforge gain by as much as Rs 187.5, or 3.7 per cent, to Rs 5,281 apiece on BSE after starting the session on a muted note. Read more
Nifty Today LIVE | RIL, TCS, ICICI Bank among top drags in Nifty basket
RIL, TCS, ICICI Bank anf Bharti Airtel are among the top movers in the Nifty baskets at this hour. On the contrary, Bajaj Auto, Nestle India and LTIMindtree 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 | Nestle India, Hero MotoCorp other stocks hit 52-week highs
As many as 14 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) APLLTD 814.4 839 828.50 (17 Oct 2023) 1,150.00 (18 Dec 2020) BAJAJ-AUTO 5,420.00 5,431.95 5,272.20 (18 Sep 2023) 5,431.95 (19 Oct 2023) BLUESTARCO 940 950.4 950.00 (25 Sep 2023) 1,554.40 (14 Jun 2023) CRISIL 4,067.00 4,185.00 4,145.00 (11 Oct 2023) 9,031.95 (27 Jul 2011) DIXON 5,567.15 5,567.85 5,506.00 (18 Oct 2023) 21,500.00 (15 Mar 2021) FSL 172.2 176 174.75 (01 Sep 2023) 242.65 (19 Jul 2021) HEROMOTOCO 3,238.80 3,249.00 3,242.85 (01 Aug 2023) 4,200.00 (23 Aug 2017) KPRMILL 825.4 828.6 824.60 (18 Oct 2023) 2,349.60 (09 Sep 2021) MINDACORP 353.35 358.55 355.45 (08 Sep 2023) 358.55 (19 Oct 2023) NBCC 69.5 69.8 67.45 (18 Oct 2023) 1,214.50 (06 Aug 2015) NESTLEIND 24,042.40 24,164.40 23,599.00 (13 Oct 2023) 24,164.40 (19 Oct 2023) SUNTV 651.1 666.05 664.95 (18 Oct 2023) 1,849.00 (08 Feb 2007) SUZLON 31.95 32.1 31.06 (18 Oct 2023) 2,300.00 (09 Jan 2008) WELSPUNIND 137.6 139.9 134.90 (18 Oct 2023) 1,007.15 (14 Mar 2016) Share Market Today LIVE | Nifty IT trades flat, down 0.05 per cent
Source: NSE
Share Market Today LIVE | PVR INOX returns to profitability, net profit at Rs 166 crore vs loss of Rs 82 crore in Q1
Cinema chain operator PVR INOX reports a consolidated net profit of Rs 166.3 crore for the July-September period on Thursday, as against a net loss of Rs 81.6 crore for the previous three months. The company's revenue for the second quarter of the current financial year increases 53.3 per cent on a sequential basis to Rs 1,999.9 crore, according to a regulatory filing. Post the announcement, the counter edges lower to trade at Rs 1,765.5 on NSE. Read more
Share Market Today LIVE | IRM Energy IPO gets subscribed 2.73 times so far on Day 2 — should you apply or not?
On Thursday, IRM Energy IPO's share sale received bids for 2,07,89,375 crore shares against 76,24,800 shares on offer. The public issue has been subscribed 2.73 times so far on Day 2 of the bidding process.
Category Subscription (No. of times the equity reserved) Qualified institutional buyers 1.08 Non-institutional investors 4.61 Retail investors 2.98 Overall 2.73 Source: Exchange data
IRM Energy IPO Review: Should you apply or not? here's what Anil Singhvi suggests
Zee Business Managing Editor Anil Singhvi suggests applying for the IPO for small listing gains and from a long-term perspective. He has identified the following main points about the company:
Positive
- Strong parentage
- Good financial track record
- Strong growth outlook. Read more
Share Market Today LIVE | Nifty Bank trades nearly 50 pts higher, up 0.1%
Source: NSE
Share Market Today LIVE | Sensex, Nifty trim day's losses aided by buying in auto stocks
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | IndiaBulls Housing Finance stock jumps after Zee Business research highlights firm's F&O ban
IndiaBulls Housing Finance shares are trading in positive territory after Zee Business research exclusively highlighted that the company would be out of future and option (F&O) from January series. The counter trades 1.51 per cent higher at Rs 174.9 on NSE. Read more
Nestle India Q3 Results | Net profit jumps 37% to Rs 908 crore, beats Street estimates; board announces 1:10 share split
Nestle India reports a strong set of financial results for the July-Setpember period, and its board approves a proposal to split the stock of the consumer products company in the ratio of 1:10. The Nestle India board also declares an interim dividend of Rs 14 per share—a 140 per cent payout given the face value of Rs 10 per share. Read more
Share Market Today LIVE | Bajaj Auto climbs 5% on strong Q2 show; brokerages maintain a mixed view
Shares of Bajaj Auto spikes by as much as 4.84 per cent to hit the day's high price of Rs 5393.3 per share on the BSE post its strong Q2 show. Ahead of the results on Wednesday, the scrip ended on a flattish note at Rs 5143.8, up a tad 0.06 per cent apiece on the BSE. Read more
Share Market Today LIVE | IndusInd Bank shares rise after lender reports steady Q2 numbers
IndusInd Bank shares are on a rise after the bank reported a rise in its net profit and a fall in non-performing assets (NPA) on Wednesday. The shares are up 1.41 per cent at Rs 1,440.4 on BSE. Read more
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 19,525-19,600 levels and a strong buy zone at 19,435-19,485 levels on Thursday, October 19. For the Nifty Bank, he expects support at 43,600-43,800 levels and a stronger base at 43,350-43,550 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market HIGHLIGHTS | Nifty slides below 19,550, Sensex falls over 450 pts amid broad-based selling
Nifty 50
Nifty slides below 19,550, down 0.68 per cent in opening deals.
Source: NSESensex
Sensex falls over 450 points amid broad-based selling in opening deals.
Source: BSE
Currency Update | Rupee rises 3 paise to 83.25 against US dollar in early trade
Stocks to Watch | LTIMindtree, TCS, HUL, ITC, Wipro, Nestle India, UBL and Coforge among top stocks to track today
ZeeBiz will take you to the list of stocks that will be on focus on Thursday (October 19).
Results today, October 19: Andhra Cement, Aarti Drugs, Mphasis, Tata Coffee, Equitas Bank, Hatsun Agro, HFCL, Havells India, HUL, Cyient, and ITC among others, will announce their results for the second quarter (Q2FY24) on Thursday.
Wipro: Wipro on Wednesday, October 18, reported a 7.5 per cent quarter-on-quarter (QoQ) drop in its consolidated net profit at Rs 2,667.3 crore for the quarter ended September 30, 2023 (Q2FY24). The company had posted a profit of Rs 2,886 crore in the previous quarter. On a YoY basis; however, the figure grew by 0.68 per cent.
LTIMindtree: Shares of the software services firm will gain focus after its Q2 numbers were released on Wednesday. The company posted a consolidated net profit of Rs 1,162 crore during the quarter under review, marking an over 2 per cent decline year-on-year. The company's net profit in the September quarter of FY23 came in at Rs 1,188 crore.
Bajaj Auto: Shares of the auto major will see traction after the company’s consolidated net profit for the Q2 period increased to Rs 2,020 crore from Rs 1,719 crore during the same period last fiscal. Read more
Traders' Diary | Buy, sell or hold strategy on Wipro, LTIMindtree, Bajaj Auto, Titagarh Rail, Bandhan Bank, 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 Thursday, October 19. 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 Titagarh Rail shares in the cash segment for a price target of Rs 840 with a stop loss at Rs 818
- Buy Persistent Systems futures for a target of Rs 5,832 with a stop loss at Rs 5,695
- Buy the Rs 530 put option of Dabur for a target of Rs 5 with a stop loss at Rs 2
- Technical pick: Buy Everest Industries shares for a target of Rs 1,400 with a stop loss at Rs 1,340
- Fundamental pick: Buy LTIMindtree shares for a target of Rs 5,300 with a stop loss at Rs 5,100
- Cricket World Cup stock: Buy Godfrey Phillips shares for a target of Rs 2,400 with a stop loss at Rs 2,250. Read more
Share Market Today LIVE | GIFT Nifty futures indicate lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 97.05 points or 0.49 per cent at 19,569 ahead of the opening bell on Dalal Street.
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