Share Market Today HIGHLIGHTS | Sensex settles up 1,197 pts; Nifty ends at 22,967.65 led by financial, auto, oil & gas and IT
Share Market Today HIGHLIGHTS: Bulls took over Dalal Street as domestic equity benchmarks Nifty50 and Sensex made new record highs during Thursday's session. Nifty breaches the 22,900 level for the first time during the session and Sensex settles nearly 1,200 points. Experts suggest bullishness on the back of the expectation of political stability after the elections. Heavy buying was seen in financial, auto, oil & gas, and Information Technology (IT) stocks.
Catch all the updates of the session, 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:
Share Market Today HIGHLIGHTS: Bulls took over Dalal Street as domestic equity benchmarks Nifty50 and Sensex made new record highs during Thursday's session. Nifty breaches the 22,900 level for the first time during the session and Sensex settles nearly 1,200 points. Experts suggest bullishness on the back of the expectation of political stability after the elections. Heavy buying was seen in financial, auto, oil & gas, and Information Technology (IT) stocks.
Catch all the updates of the session, 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 Today LIVE | Sensex settles up nearly 1,200 pts; Nifty ends at 22,967.65 led by financial, auto, oil & gas, and IT
Share Market Today LIVE | ITC Dividend 2024: FMCG major recommends 750% final dividend
FMCG major ITC on Thursday announced its earnings for the fourth quarter of the financial year 2024. While announcing the results, the board of directors of the company also recommended a final dividend of Rs 7.5 of 750 per cent per equity share of the face value of Re 1 each. Know more here
Share Market Today LIVE | Buy Ultratech Cement futures says Sandeep Wagle
Sandeep Wagle of Power My Wealth recommends buying shares of UltraTech Cement futures for a target of Rs 10,500 apiece, with a stop loss of Rs 10,000 apiece.
Share Market Today LIVE | Sensex up 1000 pts, Nifty 22,900 in the last 30 minutes of trade
>> Sensex above 75,200
>> Nifty above 22,900
>> Nifty Bank gains over 1.8 per cent
Share Market Today LIVE | Buy J&K Bank stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Jammu and Kashmir Bank shares for a short-term target of Rs 142 with a stop loss at Rs 127.
Share Market Today LIVE | Buy Cheviot stock, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Cheviot Company shares for a short-term target of Rs 1,600 with a stop loss at Rs 1,490.
Share Market Today LIVE | United Spirits Q4 Results Preview: Net profit likely to grow 18%, margin may improve by 50 bps
Beverage alcohol company United Spirits Ltd (USL) is scheduled to report its financial results for the quarter as well as the year ended March 31 on Friday, May 24.
Analysts expect the Bengaluru-headquartered firm to stage a strong financial performance for the fourth and final quarter of FY24.
Share Market Today LIVE | Muthoot Finance Q4 earnings: Gold loan NBFC announces Rs 24/share dividend alongwith March quarter FY24 results
The board of Muthoot Finance, the country's largest gold loan non-banking financial company (NBFC), announced its fourth quarterly results for the financial year that ended on March 31, 2024, on Thursday, May 23.
Share Market Today LIVE | Sensex semi-annual review announcement soon; here is what may change
The 30-stocks BSE Sensex index comprising the most actively traded and largest stocks is due for semi-annual review in June. The announcement of the same can be made on Friday (May 24, 2024), whereas the change will be made effective from June 21.
According to IIFL Alternative Research, Wipro, the IT services major, is seen exiting the headline index.
Share Market Today LIVE | Top 10 PSU Stocks in 1 Year: Rs 1 lakh investment in top stock has given Rs 6 lakh post-tax returns
Public Sector Undertakings (PSU) stocks have performed well for over a year. The value of as many as 14 PSU stocks has risen more than 200 per cent in the one year (As per Value research data), while as many as 40 of them have turned multibaggers with at least a 100 per cent rise. Know more here
Share Market Today LIVE: Bharti Airtel, Mahindra & Mahindra hit 52-week highs
| Stock | CMP | 52-week high | Previous 52-week high |
| BHARTIARTL | 1,363.60 | 1,373.85 | 1,364.05 (Apr 24, 2024) |
| M&M | 2,584.50 | 2,592.00 | 2,559.95 (May 18, 2024) |
Share Market Today LIVE | Nifty crosses 22,800 levels for first time; what’s cheering D-Street today?
The broad-based Nifty 50 index shrugging off weak global sentiment marked a fresh record high in Thursday’s session (May 23), climbing above 22,800 levels for the first time. The benchmark index logged a new peak in just 20 days. Nifty hit its previous all-time high of 22,794.7 on May 3. Know more here
Share Market Today LIVE | Hindalco Industries to show strong Q4 performance; margins likely to climb 240 bps
Hindalco Industries, led by Kumar Managalam Birla, is scheduled to report its Q4 earnings on May 24 (Friday). Zee Business research analysts expect the country’s largest aluminium and copper producer to report strong March quarter earnings. Know more here
Share Market Today LIVE | Markets at Life High
"The Nifty index has surged to a record high after the Reserve Bank of India (RBI) announced a substantial Rs 2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields," says Santosh Meena, Head of Research at Swastika Investmart Ltd.
Meena adds the infusion of funds is akin to an indirect rate cut for the economy, as it is expected to lead to a reduction in bond yields. Since many investment instruments are linked to government bond yields, this reduction will likely have a broad positive impact across the financial markets. The improved fiscal position could also prompt upgrades in India's economic outlook.
Furthermore, he says, in the current market scenario, Foreign Institutional Investors (FIIs) have been net short. Still, the market is experiencing a short-covering rally that appears to have further momentum. Despite continuous selling by FIIs in the cash market, there is now an anticipation that they may shift to buying, which would provide additional support to the market. While large-cap stocks are expected to perform well, mid-cap and small-cap stocks may underperform from this point forward.