Share Market HIGHLIGHTS: Sensex ends 199 pts lower at 73,129, Nifty50 slides to 22,032 as bulls take a breather after five-day run on Dalal Street
Share Market HIGHLIGHTS: 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 declined on Tuesday, January 16, halting a five-day winning run that helped the indices break a series of records, amid weakness in IT shares following an upmove backed by positive earnings reports that began last week.
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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Thank you! That's all today on Zeebiz.com's blog on the January 16 session on Dalal Street
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Share Market Today | Bharat Petroleum, Tata Steel, Titan, ITC, Maruti Suzuki rise most among 17 Nifty50 gainers; Divi's, HCLTech, NTPC worst hit
Here's a list of the top gainers and losers at the end of Tuesday's trade:
Stock LTP Change (%) BPCL 472.5 2.73 TATASTEEL 137.25 1.74 TITAN 3,818.90 1.6 ITC 475 1.58 MARUTI 10,195.85 1.08 LT 3,578.00 0.99 JSWSTEEL 832.45 0.88 ASIANPAINT 3,302.75 0.88 HINDALCO 579.5 0.84 TATAMOTORS 817.65 0.64 SUNPHARMA 1,313.10 -1.22 TECHM 1,321.05 -1.24 INDUSINDBK 1,667.00 -1.29 SBILIFE 1,409.00 -1.47 RELIANCE 2,746.80 -1.49 INFY 1,626.00 -1.58 WIPRO 485.75 -1.79 NTPC 311.55 -1.81 HCLTECH 1,555.00 -2.09 DIVISLAB 3,827.00 -2.11 Share Market Today | Nifty Realty worst hit among NSE's sectoral indices; metal index top gainer
Index Jan 16 close Change (%) NIFTY REALTY 868.6 -1.66 NIFTY IT 36,727.10 -1.28 NIFTY PHARMA 17,320.15 -1.14 NIFTY HEALTHCARE INDEX 10,934.15 -1.08 NIFTY AUTO 18,712.70 -0.28 NIFTY PRIVATE BANK 24,850.70 -0.14 NIFTY BANK 48,125.10 -0.07 NIFTY FINANCIAL SERVICES 21,447.15 -0.07 NIFTY FMCG 56,755.85 0.17 NIFTY PSU BANK 5,933.40 0.26 NIFTY CONSUMER DURABLES 32,303.70 0.26 NIFTY MEDIA 2,407.65 0.34 NIFTY OIL & GAS 10,230.65 0.37 NIFTY METAL 7,941.85 0.99 Share Market Today | D-Street breaks five-day winning run; Sensex ends 199 pts lower at 73,129, Nifty50 slides to 22,032
Share Market Today LIVE | RIL, Infy, TCS, HCLTech among top drags in Nifty 50
Source: NSE
Share Market Today LIVE | Citi downgrades SBI to buy; stock edges lower
Citi downgrades State Bank of India from buy to sell. The global brokerage has reduced the target from Rs 700 to Rs 600 on the counter. Post the development, the stock edges lower, trading at Rs 637, down by 0.48 per cent.
Share Market Today LIVE | PNC Infratech to sell 12 road assets to Highway Infrastructure; stock hits 52-week high
PNC Infratech stock extends their gains for the sixth session in a row on Tuesday (January 16) and clocked a 52-week high of Rs 420.85 apiece on the BSE. Dalal Street participants gave a thumbs up to the company's move to sell 11 hybrid annuity road assets and one toll road asset to Highway Infrastructure Trust.
Shares of PNC Infratech traded 3.82 per cent or Rs 14.8 higher on the BSE at Rs 402.3 apiece on BSE. The market capitalisation of the company stands at Rs 10,320.57 crore on BSE. Read more
Share Market Today LIVE | Should you buy Bharti Airtel, Paytm, Eicher Motors, other stocks today? Here is what brokerages suggest
As Dalal Street enters the January 16 session, brokerages have six stocks on their radar. Here's what JPMorgan, UBS and Morgan Stanley make of Bharti Airtel, Indus Towers, Vodafone Idea (VI), Paytm, Eicher Motors and LIC Housing Finance.
Bharti Airtel share price target
JP Morgan has a 'neutral' rating on Bharti Airtel with a target of Rs 1,100.
Indus Towers share price target
JP Morgan has an 'overweight' rating on Indus Tower with a target of Rs 260
Vodafone Idea share price target
JP Morgan has an 'underweight' rating on Vodafone Idea (VI) with a target of Rs 3. Read more
Stocks to Buy | REC, Vedanta, IGL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi and Sumeet Bagadia share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as National Aluminium Company Limited (NALCO), Vedanta, BLS International Services, Associated Alcohols & Breweries, Indus Towers, Power Mech Projects, REC Limited and Indraprashta Gas Limited (IGL). Read more
Share Market Today LIVE | Angel One shares nosedive after mixed Q3 results; worst day for investors in 20 months
Angel One shares suffer their biggest intraday loss in more than 20 months on Tuesday, a day after the stockbroker reported a mixed set of quarterly numbers wherein a 580-basis-point fall in its margin. The stock falls by as much as Rs 480.7, or 12.4 per cent, to Rs 3,394 apiece on BSE, its worst drop since May 6, 2022 on BSE.
In a regulatory filing post-market hours on Monday, Angel One reported a consolidated net profit of Rs 260 crore for the October-December period, an increase of 14 per cent on a year-on-year basis. Read more
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 22,121.35; Sensex at record 73,419.41
Share Market Today LIVE | Capri Global Capital gets corporate agency license to develop insurance platform; stock zooms over 13%
Shares of Capri Global Capital zoom over 13 per cent, touching the day's high of Rs 924.2 apiece on BSE, which is Rs 15.75 away from its 52-week high of Rs 939.95 apiece. The rally in the stock can be attributed to the company getting a corporate agency license from the insurance regulator, IRDAI, to develop an insurance platform.
"Capri Global Capital Limited (CGCL) received a composite corporate agency licence from the Insurance Regulatory and Development Authority of India (IRDAI) in December 2023 to distribute life, general, and health insurance products," the filing read.
Anil Singhvi's View on Capri Global Capital
Zee Business Managing Editor Anil Singhvi recommended the stock, emphasising that the company has grown consistently in the last five years. The company has created wealth with a 50 per cent compound annual growth rate (CAGR). Read more
Share Market Today LIVE | BLS International scales a 52-week high after Zee Business reports about Euro 50M deal to purchase iData
BLS International hit a 52-week high of Rs 412.90 on BSE on Tuesday (January 16, 2024) after Zee News got approved that BLS' subsidiary, BLS International FZE and the UAE were signing a definitive share purchase agreement. The stock of the company trade higher by 1.2 per cent, or Rs 4.65, at Rs 393.6 on BSE. Read more
Share Market Today LIVE | Sensex, Nifty at new peaks: Should you stay put or book profits?
Now that Nifty has hit a summit and breached 22,000 levels very conveniently and the market is seeing immense exuberance and curiosity at the same time, here’s how market experts view the current market landscape and suggest one should navigate the market ahead.
Book profits: Prashanth Tapse, Sr. VP Research Analyst at Mehta Equities, suggests booking profit in this one-way rally. The expert believes the Indian stock market is ignoring two major headwinds: inflation and a slump in industrial output. Inflation in December hit a new four-month high of 5.69 per cent. Further, food inflation has inched higher to 9.53 per cent in December 2023. Amidst a rising inflation backdrop, the RBI is likely to keep its repo rate and policy stance unchanged in its February policy.
Secondly, industrial output slumped to an eight-month low of 2.4 per cent in November. So, amid this backdrop, the expert suggests booking profits is the next big thing traders should focus on in the current one-sided rally. Further, looking at the technicals, he suggests profit booking can come in the 22,200–22,300 zone. He is of the view that the Nifty’s bias remains positive entering the overbought zone with immediate upside targets at the 22,300 mark, and the line in the sand is at the Nifty’s make-or-break support at the 21,707 mark. Read more
Jyoti CNC Automation IPO Listing | Shares list at 12.39% premium; Buy, Sell or Hold? here's what Anil Singhvi suggest
Jyoti CNC Automation shares debut at Rs 372 on the NSE, a premium of 12.39 per cent to the issue price of Rs 331 whereas Jyoti CNC Automation shares debut at Rs 370 on the BSE, a premium of 11.78 per cent to the issue price of Rs 331.
According to Zee Business Managing Editor Anil Singhvi, long-term investors can HOLD with the counter with a stop loss of Rs 325. Read more
Traders' Diary | Buy, sell or hold strategy on RVNL, Vedanta, Eicher, Zomato, HDFC AMC, TVS Motor, 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, January 16. Check out which stocks are on analysts Varun Dubey and Kushal Gupta's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Varun Dubey
- Buy Rail Vikas Nigam Limited (RVNL) shares in the cash segment for a target price of Rs 230 with a stop loss at Rs 216
- Buy Vedanta futures for a target of Rs 285 with a stop loss at Rs 270
- Buy the Rs 136 call option of National Aluminium Company Ltd (NALCO) for a target of Rs 6 with a stop loss at Rs 4
- Technical pick: Sell Eicher Motors futures for a target price of Rs 3,750 with a stop loss at Rs 3,870
- Fundamental pick: Buy Paytm shares for a target of Rs 744 with a stop loss at Rs 701
- Investment idea: Buy BSE shares for a six-month target of Rs 2,600. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,965-22,025 levels and a strong buy zone at 21,825-21,925 levels on Tuesday, January 16. For the Nifty Bank, he expects support to come in at 47,850-48,000 levels and a strong buy zone at 47,650-47,775 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty above 22,050, Sensex drops over 50 pts
Nifty 50
Nifty trades above 22,050, down 0.09 per cent in early morning deals.
Source: NSESensex
Sensex drops over 50 points, down 0.09 per cent in early morning deals.
Source: BSE
Share Market Today LIVE | ICICI Lombard General Insurance Q3 result today; here's what to expect
ICICI Lombard General Insurance is slated to report its financial results for the third quarter of the financial year 2023–24 (Q3 FY24) on Tuesday, January 16.
What to expect from ICICI Lombard General Insurance in Q3
According to Zee Business research, ICICI Lombard General Insurance is likely to report a 67.7 per cent year-on-year (YoY) jump in its net profit to Rs 592 crore in the quarter that ended on December 31, 2024.
Zee Business analysts expect the health segment to drive growth in premiums for the firm. The insurer's net premium earned for the October-December period is expected to increase 15.7 per cent YoY to Rs 4,390 crore. Read more
HDFC Bank Q3 Results Preview | Net interest income likely to grow by one-fourth with steady asset quality
HDFC Bank, the country’s largest private sector lender by sales as well as market value, is all set to report its financial results for the October-December period (Q3 FY24) on Tuesday, January 16. Analysts widely expect the bank to stage a strong show for the fiscal third quarter with robust growth but some pressure on margin owing to a rising cost of deposits.
What to expect in HDFC Bank Q3 FY23 earnings
According to Zee Business research, HDFC Bank is estimated to report a standalone net profit of Rs 16,000 crore for the quarter ended December, translating into a jump of 30.5 per cent on a year-on-year basis. The analysts expect the banking behemoth to register Rs 28,700 crore in net interest income for the three-month period, up 24.8 per cent compared with the year-ago period.
Zee Business analysts estimate HDFC Bank’s core net interest margin (NIM) for the October-December period at 3.3-3.4 per cent as against 3.56 per cent for the previous three months. Read more
Stocks to Watch | ITC, Landmark Cars, Sun Pharma, other stocks
Here are some stocks that will be in focus on Tuesday, January 16:
IRB Infrastructure Developers: Meerut Buduan Expressway Limited, i.e. Ganga Expressway Project SPV, an associate of the Company has allotted non-convertible debentures (NCD) aggregating to Rs 520 crore to the company and the GIC affiliate. The company and GIC affiliate have contributed Rs 265.20 crore and Rs 254.8 crore, respectively.
Landmark Cars: In its Q3 business update, the company informed that the business registered its highest-ever quarterly pro forma revenue in Q3FY24. A good festive period, new model launches, new brands/outlets, and improved supplies have contributed to this performance.
Q3FY24 results to be announced:
ITC: In a meeting on January 29, the company will consider its results for the third quarter and the interim dividend.
Sona BLW Precision Forgings Ltd: On January 23, the company will consider its results for the third quarter ended on December 31, 2023. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a start in red ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 26.3 points or 0.12 per cent at 22,107 ahead of the opening bell on Dalal Street.
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