Share Market HIGHLIGHTS: Nifty ends 3 pts shy of 19,050, Sensex finishes 635 pts higher, halt 6-day losing streak
Share Market HIGHLIGHTS: Domestic equity indices Sensex and Nifty settled higher on Friday, October 27, amid broad-based buying and as U.S. Treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries. 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 Sensex and Nifty settled higher on Friday, October 27, amid broad-based buying and as U.S. Treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries.
Both indices finished 1.01 per cent higher. The S&P BSE Sensex gained 634.65 points to settle at 63,782.8, while the Nifty closed above 19,000, rising 190 points to 19,047.25. The Nifty Mid Cap 100 ended over 1.5 per cent higher, and the Small Cap 100 ended over 2 per cent higher. The Nifty Bank was up 1.19 per cent at 42,782.
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 | Coal India, HCL Tech, Axis Bank among top gainers in Nifty 50
Coal India, HCL Tech, Axis Bank and SBI are among the top gainers in the Nifty basket, trading with gains of around 3 per cent. On the other hand, UPL, ITC, Hindalco and BPCL are among the top losers.
Source: NSE
Share Market HIGHLIGHTS | Sensex finishes 635 pts higher, Nifty ends at 19,047; all sectors gain
Sensex
Sensex finishes 635 points higher at 63,783.
Source: BSENifty 50
Nifty ends at 19,047, up 1.01 per cent.
Source: NSE
Share Market Today LIVE | SBI Life's net profit rises 1% to Rs 380 crore, misses Street estimates
SBI Life Insurance Company (SBILIFE) on Friday reports a net profit of Rs 380.2 crore for the July-September period, an increase of 0.9 per cent compared with the corresponding quarter a year ago. The life insurer's net premium income grows 21.7 per cent on a year-on-year basis to Rs 20,049.7 crore for the second quarter of the current financial year, according to a regulatory filing. Read more
Share Market Today LIVE | Indian Overseas Bank's net profit jumps 25% to Rs 625 crore; asset quality improves significantly
Indian Overseas Bank (IOB) reports a strong set of quarterly numbers on Friday, October 27. The state-run lender's standalone net profit increases 24.6 per cent on a year-on-year basis to Rs 624.6 crore for the July-September period, according to a regulatory filing. Read more
Share Market Today LIVE | Maruti Suzuki hits all time high post Q2 results
Maruti Suzuki India shares gain by as much as over four per cent to clock an all time high of Rs 10,846.1 apiece, surpassing an earlier peak of Rs 10,812.4 touched on October 16, 2023 after the automaker reported its Juy-September quarterly earnings report. Read more
Share Market Today LIVE | Maruti Suzuki's PAT grows 80% YoY to Rs 3,716.5 crore, revenue rises 24%
Maruti Suzuki India (MSIL), India's leading car manufacturer, reports a standalone profit after tax (PAT) or net profit of Rs 3,716.5 crore for the quarter ended September 30, 2023, translating into an 80 per cent jump on a year-on-year (YoY) basis. The carmaker had reported a profit of Rs 2,061.5 crore in the year-ago period. Post the news, the counter trades 3.38 per cent higher at Rs 10,776.35 on NSE. Read more
Share Market Today LIVE | Cipla beats Street estimates with 43% jump in net profit
Mumbai-based drug maker Cipla reports a 43.4 per cent year-on-year increase in consoldiated net profit to Rs 1,130.9 crore for the July-September period, beating analysts' estimates by a huge margin. Its revenue from operations grows 14.6 per cent to Rs 6,678.2 crore for the second quarter of the current financial year compared with the corresponding period a year ago, according to a regulatory filing. Read more
Share Market Today LIVE | Nifty Bank gains over 1%
Source: NSE
Share Market Today LIVE | Bounce may extend to higher levels as long as Nifty50 holds 18,800, says Bhavin Shah
Market expert Bhavin Shah believes that one can play for a bounce in the market as long as the level of 18,800 remains intact in the Nifty50 index.
After heavy selling over the past few days, wherein many stocks suffered significant damage, today's bounce in the market can extend all the way to 19,300-19,400-odd levels on the Nifty, he points out.
Share Market Today LIVE | Swan Energy shares skyrocket with huge volumes
The Swan Energy stock is seeing extremely high buying interest amid strong volumes. The counter has strengthened by as much as Rs 61.2, or 18.6 per cent, to a record Rs 390.2 apiece on BSE.
Image: BSEIndia.com
Nifty Today LIVE | RIL, Infy, ICICI Bank, HDFC Bank among top movers in Nifty 50
RIL, Infy, ICICI Bank and HDFC Bank are the top movers in the Nifty baskets at this hour.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Broad-based buying continues in NSE
Source: NSE
Share Market Today LIVE | Nifty trade above 19k, Sensex soars nearly 600 pts amid broad-based buying
Share Market Today LIVE | Vodafone Idea shares rise after telecom operator reports improved ARPU, increased losses
Shares of Vodafone Idea trade higher after the company posted mixed second-quarter results. The stock trades at Rs 10.85, up 0.93 per cent on BSE after the company reported an improved ARPU and increased losses in its second-quarter results. Read more
Share Market Today LIVE | Canara Bank zooms over 6% post in-line Q2 show, improved asset quality
Shares of Canara Bank trade over over 7 per cent higher at Rs 385.65 on NSE after the lender posted a good set of numbers for the quarter ended September. Read more
Colgate-Palmolive India shares edge lower after Q2 results, dividend announcement; should you buy, sell or hold?
Colgate-Palmolive India shares decline on Friday after the FMCG company reported its financial results for the July- September period and announced an interim dividend. The Colgate-Palmolive stock weakens as much as 1.5 per cent to Rs 2,005 apiece on NSE. After market hours on Thursday, the company reported a 22.31 per cent year-on-year increase in net profit to Rs 340.1 crore for the quarter ended September 30, driven by pricing and efficiencies. Read more
Colgate-Palmolive India share price target—should you buy, sell or hold?
Colgate-Palmolive India Brokerage Rating Target (INR) CLSA Sell 1932 JP Morgan Neutral 2135 Jefferies Buy 2320 Goldman Sachs Sell 1750 Nomura Neutral 2150 Share Market Today LIVE | Dixon Technologies gains over 3% after better-than-estimated Q2 performance
Shares of the consumer electronics major Dixon Technologies zooms as much as 3.22 per cent to hit the day’s high of Rs 5513.35 after its stellar Q2 show. Net profit at the electronics goods manufacturer for the September quarter jumped 47.1 per cent year-on-year to Rs 113.4 crore versus Rs 77 crore in the same quarter of the previous fiscal year. Read more
Share Market Today LIVE | Nifty above 19,000, Sensex soars over 500 pts amid broad-based buying
Share Market Today LIVE | Shriram Finance rallies as investors cheer stellar operational Q2 performance by NBFC
Shriram Finance (SHRIRAMFIN) shares surge on Friday after the non-banking financial company staged a strong financial performance for the July-September period (Q2 FY24). The stock of Shriram Finance gains by as much as Rs 154.4, or 8.6 per cent, to Rs 1,952 apiece on BSE, coming within Rs 23 of a 52-week high scaled last month.
Minutes after the closing bell on Dalal Street the previous day, Shriram Finance reported a 12.6 per cent year-on-year increase in net profit to Rs 1,750.8 crore for the second quarter of the financial year, driven by 20 per cent growth in loans which was 500 basis points above the company's long-term guidance. 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 18,750-18,835 levels and a strong buy zone at 18,650-18,715 levels on Friday, October 27. For the Nifty Bank, he expects support at 42,000-42,125 levels and a strong base at 41,625-41,800 levels. Read more
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Currency Update | Rupee rises 2 paise to 83.23 against US dollar in early trade
Share Market Today LIVE | Sensex trades over 300 pts higher, Nifty near 18,950
Nifty 50
Nifty trades near 18,950, up 0.48 per cent in opening trade.
Source: NSESensex
Sensex trades over 300 points higher at 63,454 in opening deals.
Source: BSE
Dividend Stocks | LTIMindtree, ICICI Securities, L&T Tech other stocks to trade ex-date today
A total of six—Jindal Stainless, LTIMindtree, ICICI Securities, ICICI Lombard General Insurance Company, L&T Technology and Astral Limited—stocks will trade ex-dividend on Friday, October 27, according to the NSE website.
Jindal Stainless dividend record date 2023
Jindal Stainless has announced an interim dividend of Re 1 per equity share with a face value of Rs 2. The record date has been fixed as October 28.
LTIMindtree dividend 2023 record date
LTIMindtree has announced a dividend of Rs 20 per equity share with a face value of Rs 1.The record date has also been fixed as October 27.
ICICI Securities dividend ex date 2023
ICICI Securities has announced a dividend of Rs 12 per equity share with a face value of Rs 5. The record date has also been fixed as October 27.
ICICI Lombard dividend payment date 2023
ICICI Lombard General Insurance Company has announced an interim dividend of Rs 5 per equity share with a face value of Rs 10. The record date has also been fixed as October 27. The interim dividend will be paid to the equity shareholders of the company on or before Friday, November 10. Read more
Stocks to Watch | Maruti Suzuki, BPCL, Zomato among stocks to track today
ZeeBiz will take you through the list of stocks that are likely to gain focus on Friday:
Results on Friday, October 27: Reliance Industries, GNA Axles, Maruti Suzuki, Bajaj Holdings, Blue Dart, Bajaj Finserv, BPCL, Cipla, City Union Bank, Dr Reddy’s Labs, Mahindra Lifespace Developers, GMR Airports, and GE Shipping, among others, will release their September quarter results today.
Dixon Technologies
Shares of the consumer electronics will be in focus after it posted better than estimated results on Thursday. Margins at the company were in line with the estimates at 4 per cent, with profit increasing 47 per cent YoY.
Vodafone Idea
Shares of the telecom services provider will be watched out after its Q2 numbers. The company posted mixed results with losses mounting to Rs 8738 crore in the September quarter.
Punjab National Bank
After the company's quarterly results, global brokerages have raised target price on the stock. JP Morgan, while maintaining overweight rating, has increased the target price to Rs 85 from the earlier 72. Also, CLSA maintains outperform call with revised target at Rs 80 from the earlier Rs 64.
Power Grid Corporation
Shares of the utility company will gain focus after it acquired Ramgarh II Transmission in a deal valued at Rs 18.98 crore.
Sun Pharma
The company's newly acquired Taro Pharmaceutical delivered good results with margins expanding to 12.4 per cent in the quarter under review. Read more
Share Market Today LIVE | JP Morgan upgrades India from 'neutral' to 'overweight'
JP Morgan has become the latest global brokerage firm to turn bullish on India. The brokerage has upgraded India to 'overweight' from 'neutral' earlier, according to a report by Zee Business. Read more
Share Market Today LIVE | GIFT Nifty futures indicate listless start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 8.6 points or 0.05 per cent at 18,974.5 ahead of the opening bell on Dalal Street.
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