Share Market HIGHLIGHTS: Nifty settles 5 pts shy of 21,900, Sensex leaps 847 pts aided by a surge in IT stocks

Share Market Tips LIVE | Buy Dilip Buildcon shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart also recommends buying Dilip Buildcon shares for a target of Rs 430 with a stop loss at Rs 395. 

Share Market Tips LIVE | Buy Share India Securities shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying Share India Securities shares for a target of Rs 1,925 with a stop loss at Rs 1,780.

MARKET AT ALL-TIME HIGH | Nifty crosses 21,900 for the first time; Sensex at record 72652.68

Share Market Today LIVE | Analysts suggest these infrastructure-related stocks ahead of Interim Budget 2024

In February, Finance Minister Nirmala Sitharaman will present the budget for the sixth consecutive year. Due to the 2024 Parliamentary Elections, this year's budget announced in February will be an interim one instead of a full-year budget.

Ahead of the budget announcement, market analysts will keep an eye on infrastructure-related stocks, as according to Harsh Goela, co-founder, Goela School of Finance, since the government maintains its steadfast commitment to rapid infrastructure growth in the upcoming fiscal year, there's anticipation of a substantial 20-25 per cent increase in capex allocations for the roads ministry.

Which infrastructure-related stocks should be on investors' radar ahead of the Budget?

INVAsset, PMS's Garg is bullish on IRCON and SJVN as he believes that with this being an election year and the government's initiatives like Make in India and Aatmanirbhar Bharat being backed by PLI schemes, capex-oriented stocks in sectors such as railways, defence, PSU banks, infrastructure, construction, and real estate may lead the bull run.

Maitra likes PNC Infra as it has a decent order book cover and is trading at reasonable valuations. Read more

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 21,895.65; Sensex at record 72619.81

Wipro Q3 results today | Revenue likely to drop in December quarter; here's what we can expect from IT major

Wipro is all set to report its financial results for the October-December period on Friday, January 12, a day after IT giants TCS and Infosys posted in-line numbers for the quarter ended December 31, 2023 (Q3 FY24).

What to expect from Wipro in Q3?

According to Zee Business research, Wipro is estimated to report a consolidated net profit of Rs 2,600 crore for the quarter ended December, which translates into a sequential drop of 1.7 per cent from Rs 2,646 crore in Q2.

The analysts peg the IT firm’s revenue for the three-month period at Rs 22,150 crore, a decline of 1.6 per cent on a quarter-on-quarter (QoQ) basis against Rs 22,516 crore logged in the July-Sepetmber quarter. Read more

Image: Reuters

Stocks to Buy | Axis Bank, HPCL, Voltas among analysts' top picks today

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Rakesh Bansal, Kunal Saraogi, Siddharth Sedani, Rajesh Palviya and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Day. On the top analysts' 'buy' list are stocks such as Axis Bank, Narayana Hrudayalaya (NH) and Voltas. Read more 

Share Market Today LIVE | Zomato hits fresh 52-week high again; can you still join the party? 

Food delivery firm Zomato’s shares register a 52-week high on Friday, January 12, adding to a series of milestones the stock has crossed over the past few sessions. The stock of Zomato gains by as much as Rs 3.3, or 2.4 per cent, to Rs 141.6 apiece on BSE, surpassing an existing 52-week high of Rs 139 touched the  previous day.  

With that, the stock took its overall upmove to 6.6 per cent in four days, having scaled a series of 52-week highs this week. Read more

Traders' Diary | Buy, sell or hold strategy on Infy, HPCL, HDFC AMC, Godfrey Phillips, Concor, Chambal Fertilisers, 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 Friday, January 12. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta

• Buy Ugro Capital shares in the cash segment for a target price of Rs 287 with a stop loss at Rs 274
• Buy Colgate-Palmolive (India) futures for a target of Rs 2,530 with a stop loss at Rs 2,435Buy the Rs 950 call option of Hindustan Petroleum Corp Ltd (HPCL) at Rs 28 for a target of Rs 45 with a stop loss at Rs 20
• Technical pick: Buy HDFC AMC shares for a target price of Rs 3,600 with a stop loss at Rs 3,470
• Fundamental pick: Buy Concor shares for a target of Rs 935 with a stop loss at Rs 895
• Investment idea: Buy HDFC Bank shares for a 12-month target of Rs 2,000. Read more 

HCL Tech Q3 Preview | Firm likely to maintain revenue guidance of 5-6% 

HCL Technologies, which is slated to declare its December quarter results (Q3 FY24) on Friday (January 11), is seen to be partially less impacted amid historically high furloughs. Zee Business Research desk estimates the company will post consolidated revenue of Rs 28,040 crore during the Q3 period as against Rs 26,672 crore in the preceding quarter, marking a 5.1 per cent increase quarter-on-quarter (QoQ).

In constant currency terms, the Noida-based technology major is seen to post 4.5 per cent growth on a sequential basis.

Besides, revenue in dollar terms is expected to edge higher by 4.4 per cent sequentially to Rs 336.7 crore in the quarter under review as against Rs 322.5 crore logged in the September-ended quarter. Read more

Share Market Today LIVE | Nifty scales fresh peak of 21,837.7, surpassing the earlier peak achieved on January 1

Share Market Today LIVE | Nifty IT index soars to new 52-week high after in-line results by IT majors

Shares of information technology (IT) companies hogged all the limelight on January 12, after the IT giants TCS and Infosys posted in-line numbers for the quarter ended December 31, 2023 (Q3 FY24). As a result, the Nifty IT index hit a new 52-week high of 36,290.3, gaining a whopping 4.48 per cent in intra-day trade.

Of the 10-stock index, Infosys leads the rally with over seven per cent gains, while other notable gainers are Mphasis (up over per cent), Coforge (up over five per cent), Persistent Systems (up over four per cent), and TCS ( up 3.8 per cent), among others. Read more

Share Market Today LIVE | Should you buy Infosys, TCS, Tata Motors, Zomato, other stocks today? Here is what brokerages suggest

Here's what Morgan Stanley, JPMorgan, Nomura, Goldman Sachs, CLSA, Jefferies and HSBC make of stocks such as Infosys, TCS, Zomato, Tata Motors, TVS Motors, Hero MotoCorp and Bajaj Auto:

Infosys share price target

JPMorgan and Morgan Stanley each have an 'overweight' rating on Infosys with targets of Rs 1,800 and Rs 1,700, respectively. Jefferies and HSBC each have a 'buy' call on the stock with a target of Rs 1,740 and Rs 1,620, respectively.

TCS share price target

Goldman Sachs has a 'buy' rating on Tata Consultancy Services (TCS) with a target of Rs 4,310. Morgan Stanley has an 'equal-weight' rating on the IT major’s stock with a target of Rs 3,900. JP Morgan has a 'neutral' rating with a target of Rs 3,700. Jefferies and HSBC each have a 'hold' call on TCS with targets of Rs 4,000 and Rs 3,640, respectively.

HDFC AMC share price target

CLSA has maintained a 'reduce' rating on HDFC AMC with a target of Rs 3,440. Morgan Stanley has an 'equal-weight' rating on the stock with a target of Rs 3,000.
Jefferies has a 'buy' call on HDFC AMC with a target of Rs 4,010. HSBC has a 'hold' call on HDFC AMC with a target price of Rs 3,410. Read more 

Share Market Today LIVE | Nifty reclaims 21,800, Sensex jumps over 550 pts; Infy zooms 7%, TCS up 4%

Share Market Today LIVE | Nykaa shares slip after 0.9% equity change hands via multiple block deals; Lexdale International likely seller

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, slip in Friday's trade, snapping a six-day winning streak. The stock declines after multiple block deals of 0.9 per cent equity, or 2.64 crore shares. According to Zee Business Research, Lexdale International is the likely seller. The market capitalisation of the company stands at Rs 54,729.58 crore at around the same time. Read more