Share Market HIGHLIGHTS: Sensex ends 496 pts higher, Nifty50 reclaims 21,600 led by IT, FMCG, auto stocks
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex rose on January 19, following three back-to-back days of losses on Dalal Street, amid largely positive signals from global markets as robust US labour market data offered the latest evidence of strength in the worlds largest economy. Catch all the highlights of the January 19 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.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex strengthened on Friday, January 19, bouncing back after three consecutive days of losses on Dalal Street, amid largely positive signals from global markets as robust US labour market data offered the latest evidence of strength in the world's largest economy.
Catch latest updates on Q3 results season here
Catch all the highlights of the January 19 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: ONGC, Bharti Airtel, NTPC, Tech Mahindra, SBI Life rise most among 43 Nifty50 gainers
Here are some of the top gainers and losers at the end of the day:
Stock Jan 19 close Change (%) ONGC 241.85 3.55 BHARTIARTL 1,123.00 3.31 NTPC 308.85 3.19 TECHM 1,390.65 2.62 SBILIFE 1,441.00 2.57 BRITANNIA 5,142.35 2.54 COALINDIA 384.55 2.37 TATASTEEL 134.1 2.37 M&M 1,653.30 2.23 TITAN 3,816.00 2.18 ADANIENT 2,915.30 -0.12 HDFCBANK 1,474.90 -0.76 KOTAKBANK 1,760.90 -0.92 INDUSINDBK 1,560.50 -3.25 Share Market Today: Nifty Oil & Gas top gainer among NSE sectoral indices, up 1.7%; Nifty Bank flat
Index Jan 19 close Change (%) NIFTY OIL & GAS 10,359.00 1.66 NIFTY METAL 7,732.35 1.35 NIFTY FMCG 56,640.50 1.23 NIFTY PSU BANK 5,945.10 1.15 NIFTY AUTO 18,694.60 1.07 NIFTY IT 37,069.25 0.92 NIFTY HEALTHCARE INDEX 11,005.90 0.73 NIFTY REALTY 868.5 0.7 NIFTY FINANCIAL SERVICES 20,425.35 0.5 NIFTY CONSUMER DURABLES 31,848.20 0.46 NIFTY PHARMA 17,388.00 0.33 NIFTY BANK 45,701.15 -0.03 NIFTY PRIVATE BANK 23,537.75 -0.28 NIFTY MEDIA 2,369.90 -0.96 Share Market Today: Sensex ends 496 pts higher, Nifty reclaims 21,600; most sectors in green; ONGC, Bharti Airtel jump up to 4%
Share Market Today LIVE: Preparing for the weekend already? Well, market participants have until 12:30 pm tomorrow before they can relax; BSE, NSE are all set to conduct a special trading session on Saturday
Did you know that stock exchanges BSE and NSE will conduct a special trading session this Saturday, January 20?
The special session, which will begin normally at 9:15 am and conclude at 12:30 pm, has been organised to test a disaster recovery site.
Trading will be conducted normally in the cash as well as derivative segments on this day, according to separate circulars issued by the bourses.
Share Market Today LIVE: Hindustan Zinc shares jump moments after Vedanta subsidiary reports Q3 results
Hindustan Zinc Ltd (HZL) reports a consolidated net profit of Rs 2,028 crore for the October-December period, a decline of 5.9 per cent on a year-on-year basis. Its revenue shrinks to Rs 7,067 crore for the third quarter of the current financial year from Rs 7,628 crore a year ago, according to a regulatory filing.
HZL shares build on their intraday gains moments after the release of the earnings report, rising by as much as Rs 11.9, or 3.8 per cent, to Rs 323.7 apiece on BSE.
Image: BSEIndia.com
Share Market Today LIVE: Soni Patnaik shares two derivatives recommendations
Soni Patnaik of JM Financial Services suggests buying two call options:
- Buy the Rs 4,500 call option of Hero MotoCorp at Rs 35-37 levels for a target of Rs 65 with a stop loss at Rs 20
- Buy the Rs 3,050 call option of HAL at Rs 60 for targets of Rs 100 and Rs 120 with a stop loss at Rs 35
Share Market Today LIVE: Buy DCM Shriram shares, says Vishvesh Chauhan
Vishvesh Chauhan of Chase Alpha Investment Advisors has a 'buy' call on DCM Shriram shares.
The analyst has placed his targets for the stock at Rs 1,150 and Rs 1,240 over a 3-6-month horizon with a stop loss at Rs 933.
Share Market Today LIVE: Ambareesh Baliga has a positional 'buy' call on Archean Chem
Independent market analyst Ambareesh Baliga suggests buying Archean Chemical Industries (ACI) shares for a positional target of Rs 780 apiece from a perspective of 9-12 months.
Share Market Today LIVE: Central Bank of India net profit jumps 57% to Rs 718 crore; shares jump
Central Bank of India reports a standalone net profit of Rs 717.9 crore for the October-December period as against a standalone net profit of Rs 458.2 crore for the corresponding period a year ago.
Central Bank of India (CENTRALBK) shares rise as much as 2.3 per cent to Rs 54 apiece on BSE minutes after the earnings announcement, coming within Rs 2 of a 52-week high touched in September last year.
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Image: BSEIndia.com
Share Market Today LIVE: Around 45 companies all set to report their October-December (Q3 FY24) results today; HUL, HZL, Paytm on the list
Here's the list of corporates that are scheduled to announce their quarterly earnigns reports during the course of the day:
- ATUL
- AVANTEL
- AXITA
- AXTEL
- CENTRALBK
- CESC
- COLABCLOUD
- CREDITACC
- FUTSOL
- GALACTICO
- GBLINFRA
- GLFL
- HATSUN
- HINDUNILVR
- HINDZINC
- HTMEDIA
- INTENTECH
- KEYCORP
- MADHUDIN
- MAYUKH
- MORARKFI
- ONWARDTEC
- OXFORDIN
- PAYTM
- PONNIERODE
- PRIMESECU
- RAHME
- RBLBANK
- RELIANCE
- SCBL
- SECURCRED
- SGFIN
- SHEETAL
- SHISHIND
- SHREDIGCEM
- SIGACHI
- SUNTECK
- SUPREMEIND
- TANAA
- TEJASNET
- ULTRACEMCO
- VIRINCHI
- WENDT
- ZSVARAJT
- ZSVTRADI
Share Market Today LIVE: Wondering how to trade M&M, Apollo Tyres, Oil India, Infosys and Bharat Electronics today? Check out what experts suggest
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Rajesh Palviya and Sandeep Wagle share their top stock recommendations in this special segment, Pick of the Day.
For instance, Rakesh Bansal of Rakesh Bansal Ventures recommends buying Infosys shares for a target of Rs 1,685 with a stop loss at Rs 1,620, and Sumeet Bagadia of Choice Broking suggests grabbing Mahindra & Mahindra (M&M) shares for targets of Rs 1,640 and Rs 1,650 with a stop loss at Rs 1,600.
Catch the full list of experts' stock recommendations for the day here
Share Market Today LIVE: Poonawalla Fincorp (POONAWALLA) shares zoom to record high after company stages strong Q3 show, declares dividend
Poonawalla Fincorp shares jump by as much as Rs 28.3, or 5.7 per cent, to Rs 520 apeice on BSE, a day after the company reports its highest-ever quarterly net profit as well as disbursement.
After market hours on Thursday, the NBFC reported a 77per cent jump in net profit with 63 per cent growth in net interest income.
The company's assets under management (NII) increased 58 per cent, according to a regulatory filing.
Its board declared an interim dividend of Rs 2 per equity share.
Share Market Today LIVE: Newly-listed Innova Captab shares hit record high after quarterly results
Innova Captab (INNOVACAP) shares are firmly in the green after hitting a record high of Rs 590 apiece. The recently-listed stock is up 4.6 per cent at Rs 542.6 apiece at this hour, having registered a high of Rs 590 apiece earlier in the day.
After market hours on Thursday, the company reported a 22.5 per cent in net profit with 16.8 per cent growth in revenue for the quarter ended December.
Its quarterly margin improved by 150 basis points on a year-on-year basis to 14.3 per cent.
Share Market Today LIVE: Home First Finance shares hit record high after strong quarterly performance
Home First Finance Company India (HOMEFIRST) shares jump as much as 7.8 per cent to an all-time high of Rs 1,058.8 apiece on BSE.
On Thursday, the NBFC reported a 34 per cent jump in net profit with 20 per cent growth in net interest income (NII) for the October-December period.
The company's assets under management (AUM) increased 33.5 per cent to Rs 9,014 crore.
Market Today LIVE: Gold futures inch higher to test Rs 61,900/10 grams mark
Gold futures (February 5) are up by Rs 101, or 0.2 per cent, at Rs 61,870 apiece, having risen to as high as Rs 61,920 apiece earlier in the day.
Globally, the yellow metal is headed for its biggest weekly drop in six, amid a robust dollar and higher bond yields as US central bankers push back against expectations of early rate cuts amid signs of resilience in the world's largest economy.
- Spot gold: barely changed at $2,022.1 per ounce (down 1.3 per cent for the week)
- US gold futures: up 0.1 per cent at $2,024.1 per ounce
Share Market Today LIVE: Medi Assist IPO allotment finalised; this is how you can check the status of your application online
Medi Assist Healthcare Services' initial share sale concluded on Wednesday with an overall subscription of 16.3 times the equity on offer.
Share Market Today LIVE: Aarti Industries shares zoom after company inks long-term deal with a multinational conglomerate
Aarti Industries shares gain by as much as Rs 51.1, or 8.3 per cent, to Rs 662.8 apiece on BSE, after the company says it has signed a long-term agreement with a multinational conglomerate that has the potential to generate over Rs 6,000 crore in revenue.
Share Market Today LIVE: Buy, sell or hold LIC, ICICI Bank, Lupin, IRFC, MGL, 15 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 today.
- Kushal Gupta recommends buying Home First Finance shares in the cash segment for a target of Rs 1,020 with a stop loss at Rs 975
- Varun Dubey suggests has a 'buy' call on Cartrade Tech in the spot market for a target price of Rs 755 with a stop loss at Rs 715
Check out the full list of 20 stock recommendations by Zee Business analysts today
Share Market Today LIVE: Street punishes Metro Brands on operationally weak Q3 results
Metro Brands shares shares fall by as much as Rs 61.4, or 5.1 per cent, to Rs 1,140.6 apiece on BSE.
On Thursday, the company reported a 12.5 per cent year-on-year fall in consolidated net profit to Rs 98 crore for the December quarter with a 2.9 per cent decline in EBITDA to Rs 199.5 crore.
The company's margin contracted by 294 basis points to 31.36 per cent.
The company declared an interim dividend of Rs 2.75 per share.
Share Market Today LIVE: Titan hits record high as CLSA sees 20% potential upside
Titan shares gain by as much as Rs 124, or 3.3 per cent, to an all-time high of Rs 3,860 apiece on BSE.
Global brokerage CLSA has maintained a 'buy' call on the Tata group stock with a target price of Rs 4,494, which implies an upside of another 20 per cent from the previous close, on top of the 60 per cent return it has delivered in the past year.
The company's making charges scale with product prices as a percentage of the product price, according to CLSA.
Share Market Today LIVE: Market expert Ajay Bagga says Ayodhya Ram Mandir to boost religious tourism
Market expert Ajay Bagga believes that the establishment of the Ayodhya Ram Temple will boost and promote religious tourism in the country.
He also says that developments in the domestic infrastructure sector are also a big positive for the tourism sector.
ALSO READ: Ayodhya Ram Mandir | Ram Lalla idol brought into 'garbh griha' of Ram temple
Share Market Today LIVE: Sensex leaps as much as 690 pts in first hour of trade, Nifty50 tests 21,666
Both indices have held on to gains to the tune of around one per cent so far in today's session. The Sensex rises as much as 690 points, or one per cent, to 71,876.8, while the Nifty50 climbs to as high as 21,665.7, up 203.4 points, or 0.9 per cent, from its previous close.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE: Market guru Anil Singhvi shares strategy for the day, expects strong support for Nifty50 at 21,150-21,250, sell zone at 21,725-21,850
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 21,300-21,400 levels and a strong base at 21,150-21,250 levels today.
For the Nifty Bank, he expects support at 45,225-45,425 and a strong base at 44,950-45,150 levels.
Share Market Today LIVE: A strong start to the day on Dalal Street; Sensex jumps over 500 pts, Nifty tops 21,600
Financial and IT shares lead gains with stocks such as TCS, Wipro and Tech Mahindra rising up to two per cent.
Share Market Today LIVE: Sensex finishes pre-opening session up 600 pts
In the pre-opening market, the 30-scrip index settles with a gain of 599.9 points, or 0.8 per cent, at 71,786.7.
Share Market Today LIVE: Crude oil price drifts lower amid China demand woes
Crude oil prices ease, after a rally on Thursday, as geopolitical tensions and disruptions in US oil production from a cold blast are countered by concerns over slow demand growth in China.
- Brent crude futures: down by 17 cents, or 0.2 per cent, at $78.9 a barrel
- US West Texas Intermediate (WTI) crude futures: down by 3 cents at $74.1 per barrel
Both contracts, on track to end the week around 1-2 per cent higher, gained about two per cent on Thursday as the International Energy Agency (IEA) joined producer group OPEC in forecasting strong growth in global oil demand.
Share Market Today LIVE: Dollar on to track to register a second straight weekly gain against six currencies
The dollar index is up 0.9 per cent to 103.4 on the week and at 148.12 yen, the greenback is up almost 5 per cent on the Japanese currency this year, as confidence that the Bank of Japan (BoJ) is about to hike rates has also been rattled.
Weekly gains on the risk-sensitive Australian and New Zealand dollars of 1.7 per cent and 2.1 per cent are set to be the largest since November and June respectively. Markets price a 57 per cent chance of a US rate cut in March, down from 75 per cent a week ago.
Share Market Today LIVE: S&P 500, Nasdaq Composite gain around 1% as Artificial Intelligence optimism lifts chipmaker stocks
Here's where the three main Wall Street indices, the Dow Jones, the S&P 500 and the Nasdaq Composite, stood at the end of Thursday's session:
- Dow Jones: up 201.9 pts, or 0.5 per cent, at 37,468.6
- S&P 500: up 41.7, or 0.9 per cent, at 4,780.9
- Nasdaq Composite: up 200 pts, or 1.4 per cent, at 15,055.7
The S&P 500 approached a record high as AI optimism drove gains in chipmaker stocks such as Nvidia, which finished 1.9 per cent stronger for the day at a record high. Nvidia was the most-traded stock on Wall Street, with almost $28 billion worth of shares exchanged.
US-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared almost 10 per cent after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20 per cent on booming demand for high-end chips used in AI applications.
Share Market Today LIVE: Asian equities rise amid global tech rally
Shares across Asia are buoyed by a rally in regional chipmakers, while the yen is all set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. MSCI's broadest index of Asia-Pacific shares outside Japan is up 0.9 per cent at this hour. However, it is still down 2.9 per cent for the week—its biggest weekly loss since mid-August.
Here's where some of the key indices in the region stand:
- Japan's Nikkei 225: up 1.6 per cent
- China's Shanghai Composite: flat
- Hong Kong's Hang Seng: up 0.4 per cent
- Singapore's Straits Times: up 0.5 per cent
- South Korea's KOSPI: up one per cent
Share Market Today LIVE: GIFT Nifty futures up 30.4 points at 21,557.5
GIFT Nifty futures, an early indicator of the headline Nifty50 index, are up 30.4 points at 21,557.5 at this hour, suggesting a mildly positive start ahead on Dalal Street after three back-to-back days of bear dominance.
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