Share Market HIGHLIGHTS: Sensex closes 267 pts higher, ends 2-day losing streak, Nifty 6 pts shy of 19,400; Bajaj Finance, PowerGrid rise 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex edged higher on Monday, August 21, snapping a two-day losing streak amid heavy buying in IT and metal stocks. Both indices—S&P BSE Sensex and NSE Nifty—closed over 0.40 points higher. The S&P BSE Sensex was up 267.43 points, or 0.41 per cent at 65,216.09, and the NSE Nifty ended up 83.45 points, or 0.43 per cent, at 19,393.6. In the broader markets, the Nifty Mid Cap 100 and Small Cap 100 also ended strong. On the sectoral front, Nifty Bank closed 0.34 per cent higher at 44.002 levels. Globally, investors await Japan's consumer price index (CPI) data, which is slated to be released on Tuesday, August 22.
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:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex edged higher on Monday, August 21, snapping a two-day losing streak amid heavy buying in IT and metal stocks. Both indices—S&P BSE Sensex and NSE Nifty—closed over 0.40 points higher. The S&P BSE Sensex was up 267.43 points, or 0.41 per cent at 65,216.09, and the NSE Nifty ended up 83.45 points, or 0.43 per cent, at 19,393.6. In the broader markets, the Nifty Mid Cap 100 and Small Cap 100 also ended strong. On the sectoral front, Nifty Bank closed 0.34 per cent higher at 44.002 levels. Globally, investors await Japan's consumer price index (CPI) data, which is slated to be released on Tuesday, August 22.
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 | Bajaj Finance, PowerGrid, Adani Ports rise most in 50-scrip blue-chip basket
Bajaj Finance, PowerGrid, Adani Ports and Adani Enterprises are among the top gainers in the Nifty basket, trading with gains of around 2-3 per cent. On the other hand, Jio Financial Services, RIL, M&M and Britannia are among the top losers, down up to 5 per cent.
Source: NSE
Share Market HIGHLIGHTS: Sensex closes 267 pts higher, ends 2-day losing streak, Nifty 6 pts shy of 19,400
Nifty 50
Nifty ends 6 points shy of 19,400, up 0.43 per cent.
Source: NSE
Sensex
Sensex closes 267 points higher at 65,216.
Source: BSE
Share Market Today LIVE | Power stocks charged up; S&P BSE Power index up nearly 2%
Shares of most power stocks are trading with decent gains in the afternoon trade on Monday (August 21) amid a broad-based rally in the market. The S&P BSE Power index was trading 1.82 per cent higher at 4,334.44 levels at the time of writing this report. Among individual stocks, Adani Power was the top gainer on the index (up 6.61 per cent) at Rs 324.80. Next on the list were Adani Transmission (up 5.44 per cent), Adani Green (up 3.01 per cent), and Power Grid (up 2.53 per cent). Read more
Share Market Tips LIVE | Buy Triveni Engineering, KNR Constructions shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Triveni Engineering shares for a target of Rs 320 with a stop loss at Rs 295. Besides, he recommends buying KNR Constructions shares for a target of Rs 270 with a stop loss at Rs 245.
Share Market Today LIVE | Nasdaq futures edge higher, at 14,836
Share Market Today LIVE | Dow futures inch higher, at 34,668
Nifty Today LIVE | Bajaj Finance, ICICI Bank, Infy among top movers
Bajaj Finance, ICICI Bank, Infy, ITC and Bharti Airtel are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, RIL, M&M and Maruti Suzuki are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | 250% final dividend; metal stock sets record date
APL Apollo Tubes Limited, India's largest structural steel tubing company, has recommended a final dividend of 250 per cent per equity share. The dividend has been announced for the financial that ended Marcy 31, 2023. In an exchange filing, the company said that its board has also fixed the record date for the dividend.
APL Apollo Tubes dividend 2023: Record date
In order to be eligible to get benefits of the corporate action, a person should own the shares of the company before the record date. Read more
Share Market Today LIVE | Sungarner Energies SME IPO hits Street; Check out issue price, lot size, listing date, other important details
Sungarner Energies’ IPO, worth an estimated Rs 5.3 crore, hit Dalal Street on Monday, August 21. The initial share sale of Sungarner Energies, a manufacturer of solar inverters, online UPS systems, EV chargers and lead acid batteries, is a fixed-price SME IPO comprising fresh issuance of 6.4 lakh shares.
Here are some of the key things to know about the Sungarner Energies SME IPO:
Important dates:
The IPO, which opened for subscription on August 21, will close on August 23 and will be open from 10 am to 5 pm during the three-trading period. The basis of the allotment of shares under the SME IPO is likely to be finalised on August 28.
Successful bidders will likely get shares credited into their demat accounts on August 30, whereas other participants will have refunds initiated the previous day (August 29). Sungarner Energies shares are likely to be listed on stock exchange NSE’s SME platform on August 31. Read more
Source: Official website/ Representational image
Share Market Today LIVE | Graphite India, HEG shares soar here's what's boosting the graphite electrode maker stocks
Shares of graphite electrode manufacturers Graphite India and HEG are in high demand on Monday, after brokerage Jefferies maintained its ‘buy’ rating for each and raised its target prices for the stocks by up to 49 percent.
HEG shares gain by as much as Rs 100.7, or 5.9 percent, to Rs 1,798.2 apiece in intraday trade on BSE, halting a two-day losing streak. The Graphite India stock rise by Rs 18.1, or 4.2 percent, to touch the Rs 450 apiece mark at the strongest level of the day, continuing to gain for a second straight session. Read more
Share Market Today LIVE | Tanla Platforms drops nearly 5% on announcement to end partnership with Vodafone Idea
Shares of Tanla Platforms are trading at Rs 1048.3 apiece, down 4.63 per cent, on BSE after the multinational cloud communications company informed bourses that it will be ending its partnership with telecom major Vodafone Idea in November.
Here's how the stock has moved so far:
Source: BSE
Share Market Today LIVE | Bharat Forge hits 52-week high after company's defence unit bags Rs 850-crore deals
Bharat Forge shares scale a 52-week high on Monday after the company's wholly-owned defence subsidiary, Kalyani Strategic Systems, bagged two export orders worth 93.87 million euro (around Rs 850 crore) from friendly countries. The stock of conglomerate Bharat Forge gain by Rs 17.9, or 1.8 per cent, to touch Rs 987.4 apiece at the strongest level of the day on BSE, crossing an earlier 52-day peak of Rs 983.4 apiece scaled earlier this month. Read more
Share Market Today LIVE | KEC International shares rise higher after firm secures orders worth Rs 1,007 crore
The stock of KEC International is shining brightly on Monday after the company announced that it had secured orders worth Rs 1,007 crore for its various businesses. The share of India's second-largest manufacturer of electric power transmission towers is soaring 4.43 per cent higher at 651.6 on BSE.
In its filing to the National Stock Exchange (NSE) on Friday, the company elaborated that its civil business has secured an order for the design, engineering, procurement, and construction of a multispeciality hospital in India. Read more
Stocks to buy | Axis Bank, Bank of Baroda, Tata Consumer, TVS Motor among analysts' top picks this week
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Mehul Kothari, Sandeep Jaina and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Week. On the top analysts' 'buy' list are stocks such as Bharat Forge, India Cements, S.P. Apparels, Jubilant FoodWorks, AI Engineering, Gabriel India, Axis Bank, Bank of Baroda, ACC, Ambuja Cement, TVS Motor and Tata Consumer Products. Read more