Share Market Special Saturday Trading HIGHLIGHTS: Sensex ends 89 pts higher at 74,006, Nifty reclaims 22,500 led by financial, FMCG, IT stocks

Written By: ZeeBiz WebTeam Updated on: May 18, 2024, 01.43 PM IST

Share Market Special Saturday Trading Session, Share Market LIVE: Domestic equity benchmarks Nifty and Sensex finished two special trading sessions in the green on Saturday, May 18. Catch minute-by-minute market updates, 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 Special Saturday Trading Session, Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished the first of two special trading sessions scheduled on Saturday, May 18, with mild gains, led by buying interest in IT, financial and energy shares.

Stock exchanges BSE and NSE conducted the sessions to check their preparedness to handle major disruption or failure at the primary site, and a consequent switchover to the disaster recovery site.

Catch all the highlights of the May 18 trade 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: 

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  • Share Market Special Saturday Trading Session, Share Market LIVE: Balrampur Chini shares under pressure after weak Q4 results 

    Balrampur Chini shares decline by as much as Rs 12.1, or 3.1 per cent, to Rs 372.1 apiece on BSE. 

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    For the March quarter, the sugar manufacturer registered a net profit of Rs 203 crore and margin of 24 per cent. 

    According to Zee Business research, Balrampur Sugar's March-quarter net profit was estimated at Rs 220 crore and margin at 33 per cent. 

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Astral shares down 5% after weak Q4 show 

    Astral Ltd shares are down by Rs 111.8, or 4.9 per cent, at Rs 2,192.5 apiece on BSE, having slipped to as low as Rs 2,191.3 in intraday trade so far.

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    The company's Q4 results fell short of analysts' expectations. 

    The company's net profit stood at Rs 181 crore and margin at 17.9 per cent for the March quarter. 

    Zee Business analysts had estimated Astral's March-quarter net profit at Rs 216 crore and margin at 20 per cent. 

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Balkrishna Industries stock scales record high after strong Q4 beat   

    Balkrishna Industries shares are locked in the five per cent upper circuit, a special limit in place for today's sessions, at Rs 2,799 apiece on BSE, a record high.

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    The tyre maker clocked an 87.9 per cent jump in net profit to Rs 481 crore for the March quarter. 

    Its quarterly margin improved by 460 basis points to 24.9 per cent. 

  • Share Market Special Saturday Trading Session, Share Market LIVE: Zydus Lifesciences, Varroc Engineering, Karnes Tech, Hindustan Zinc, Cochin Shipyard rise most among some 350 gainers in BSE 500 pack; Astral Ltd, Delhivery, Jupiter Wagons, Prince Pipes and Fittings top losers

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    Image: BSEIndia.com

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Zydus Lifesciences shares locked in 5% upper circuit after results beat expectations

    Zydus Lifesciences (ZYDUSLIFE) shares are locked in the five per cent upper circuit at Rs 1,104.5 apiece on BSE at this hour, after the pharmaceuticals company staged a strong performance in the March quarter, beating analysts' estimates on all grounds. 

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    The drug maker registered a nearly four times jump in net profit to Rs 1,182 crore for the January-March period.

    Its quarterly margin improved by 440 basis points to 29.5 per cent. 

    According to Zee Business research, Zydus Lifesciences' March-quarter net profit was estimated at Rs 920 crore and margin at 28.6 per cent. 

    Read more on Zydus Lifesciences shares

  • Share Market Special Saturday Trading Session, Share Market LIVE: Nifty hovers around 22,500, Sensex up 100 pts in early trade as Dalal Street enters second special session of the day

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: End of first special session 

    • Sensex up 43 pts at 73,960
    • Nifty up 16 pts at 22,482

    Second special session to begin at 11:30 am following 15-minute pre-opening trade

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Buy Kaynes Tech shares, says Anil Singhvi  

    Market wizard Anil Singhvi suggests buying Kaynes Tech shares for targets of Rs 3,125, Rs 3,150 and Rs 3,200 with a stop loss at Rs 3,050. 

    • Stock surged 20 per cent post-results on Thursday
    • Follow-up buying expected 
  • Share Market Special Saturday Trading Session, Share Market LIVE: Buy Balkrishna Industries futures, says market guru Anil Singhvi 

    Zee Business Managing Editor Anil Singhvi has a 'buy' call on Balkrishna Industries futures. He has placed his targets at Rs 2,695, Rs 2,725, Rs 2,750 and Rs 2,770 with a stop loss at Rs 2,640. 

    • Strong results on all parameters
    • Margins up by 500 bps to 25 per cent 
    • Stock has risen 13 per cent in three months

     

  • Share Market Special Saturday Trading Session, Share Market LIVE:  ONGC, Power Grid, Hindalco, Nestle India, Hero MotoCorp rise most among 42 Nifty gainers

    Top Nifty gainers

    Stock CMP Change (%)
    ONGC 280.5 1.1
    POWERGRID 316.2 0.97
    HINDALCO 661.5 0.92
    NESTLEIND 2,460.85 0.63
    HEROMOTOCO 5,120.75 0.62
    GRASIM 2,438.35 0.61
    DRREDDY 5,833.90 0.59
    COALINDIA 472.9 0.56
    INDUSINDBK 1,420.05 0.55
    ADANIPORTS 1,342.00 0.47
    TCS 3,852.00 0.47
    ASIANPAINT 2,822.75 0.46
    BAJAJ-AUTO 8,820.65 0.45
    SBIN 821.3 0.42
    CIPLA 1,404.85 0.41
    SBILIFE 1,440.00 0.4
    BRITANNIA 5,104.40 0.35
    NTPC 366.7 0.34
    HINDUNILVR 2,328.00 0.33
    TATASTEEL 167.9 0.33

    Nifty losers

    Stock CMP Change (%)
    436.15 -0.03
    1,094.35 -0.08
    1,129.20 -0.11
    4,688.00 -0.13
    1,138.95 -0.21
    3,894.00 -0.43
    892.95 -1.6
  • Share Market Special Saturday Trading Session, Share Market LIVE: Sensex crosses 74,000, Nifty50 tops 22,500 led by IT, financial, energy stocks 

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Nifty50 tops 22,500 in pre-open market, Sensex flat at 73,923

    Here's how the two main indices are placed at the end of the pre-opening session:

    • Sensex up 6.0 pts at 73,923
    • Nifty50 up 46.8 pts at 22,512.9 

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  • Share Market Special Saturday Trading Session, Share Market LIVE: Buy Nifty at 22,225-22,300, Nifty Bank at 47,625-47,750, says market guru Anil Singhvi; check out his full strategy for the day 

    Zee Business Managing Editor Anil Singhvi expects a higher zone for the headline index at 22,550-22,600 levels and a strong sell zone at 22,650-22,750 levels. For the Nifty Bank, he expects a higher zone at 48,250-48,425 levels and a strong sell zone at 48,475-48,625 levels.

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    Read more on how the market wizard views the market today

     

     

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Ujjivan Small Finance Bank, Krsnaa Diagnostics, Anupam Rasayan among 50 companies slated to report results today

    More than 50 companies are scheduled to report their quarterly financial results today, including Ujjivan Small Finance Bank, Anupam Rasayan India, Trident, ASK Automotive, Krsnaa Diagnostics, and Parag Milk Foods.

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  • Share Market Special Saturday Trading Session, Share Market LIVE: GIFT Nifty futures up 50 pts

    GIFT Nifty futures, an early indicator of the headline Nifty50 index, are up 53.3 points at 22,551, suggesting a mildly positive start to the first of the two sessions on Dalal Street today. 

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: Why the switchover test?

    Typically, switching to the disaster recovery site is done to ensure business continuity in case of a major disruption in trading activity. 

    Read more on the special Saturday trading

  • Share Market Special Saturday Trading Session, Share Market LIVE: What will be the difference between the two sessions?

    While trading in the first session will be carried out from the primary site, trading in the second one will be conducted from the disaster recovery site, according to exchanges. 

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    Read more on the special Saturday trading

     

  • Share Market Special Saturday Trading Session, Share Market LIVE: What is the purpose of the two sessions?

    Today's trading sessions will involve an intraday switchover from the primary site (PR) to the disaster recovery (DR) site, according to exchanges.

    Read more on the special Saturday trading

  • Share Market Special Saturday Trading Session, Share Market LIVE: What will be the timings of today's trading activity? Will there be one session or two?

    Trading will take place in two sessions.

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    The first session will begin at 9:15 am and conclude at 10 am, followed by another session which will commence at 11:30 am and conclude at 12:30 pm. 

    Read more on the special Saturday trading

  • Share Market Special Saturday Trading Session, Share Market LIVE: Welcome to Zeebiz.com's blog on the share market as Dalal Street is all set for special trading today (yes, a Saturday)

    Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, and much more. 

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    Happy trading, and happy investing!

     

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