Share Market HIGHLIGHTS: Nifty gives up 19,300; Sensex ends 366 pts lower, falls for 2nd day; L&T, Dr Reddy's JSW Steel drop 2%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex closed in the red on Friday, August 25, tracking weakness in the global markets. Besides, inflationary concerns flagged by the Reserve Bank of India (RBI), too, dented sentiment. Globally, all eyes will now be on Federal Reserve Chairman Jerome Powell's speech at the 2023 Jackson Hole Economic Policy Symposium. Also, European Central Bank President Christine Lagarde will speak at the 2023 Jackson Hole Economic Policy Symposium.
BSE Sensex slipped 365.83 points, or 0.56 per cent, at 64,886.51, and NSE Nifty cracked 121 points, or 0.62 per cent at 19.265.8.
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 closed in the red on Friday, August 25, tracking weakness in the global markets. Besides, inflationary concerns flagged by the Reserve Bank of India (RBI), too, dented sentiment. Globally, all eyes will now be on Federal Reserve Chairman Jerome Powell's speech at the 2023 Jackson Hole Economic Policy Symposium. Also, European Central Bank President Christine Lagarde will speak at the 2023 Jackson Hole Economic Policy Symposium.
BSE Sensex slipped 365.83 points, or 0.56 per cent, at 64,886.51, and NSE Nifty cracked 121 points, or 0.62 per cent at 19.265.8.
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 | Nifty gives up 19,300; Sensex ends 366 pts lower, falls for 2nd day
Nifty 50
Nifty gives up 19,300 and ends down 0.62 per cent at 19,266.
Source: NSE
Sensex
Sensex ends 366 points lower at 64,887, falls for 2nd day.
Source: BSE
Share Market HIGHLIGHTS | L&T, Dr Reddy's, JSW Steel among top losers in Nifty basket
L&T, Dr Reddy's, JSW Steel and Adani Ports are among the top losers in the Nifty basket, down 2 per cent. On the other hand, JFS, Bajaj Finserv, Asain Paints and Bajaj Finance are among the top gainers, up around 4-1 per cent.
Source: NSE
Share Market Today LIVE | Brightcom Group shares extend losses for third straight day, hit 5% lower circuit after SEBI crackdown
Shares of Brightcom Group Ltd (BGL) hit a 5 per cent lower circuit on Friday extending the losing streak for the third straight session after the Securities and Exchange Board of India (Sebi) barred its CEO and CFO from holding any managerial positions in the company. The market regulator issued an interim order on Tuesday, August 22 after finding lapses in Brightcom Group’s preferential issue of shares. Read more
Share Market Today LIVE | Birlasoft hits fresh 52-week high after Nomura sees nearly 30% upside, forecasts strong growth
Birlasoft shares surge more than 2 per cent to hit a fresh 52-week high after global financial services firm Nomura recommended a ‘Buy’ rating on the stock. In its note dated August 24, the brokerage predicted an industry-leading growth trajectory in the medium term for Birlasoft. The analysts have assigned a target price of Rs 610, indicating a potential upside of nearly 30 per cent from the closing price of Rs 474.90 on Thursday. Read more
Share Market Tips LIVE | Buy Cigniti Tech, IG Petro shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Cigniti Technologies shares for a target of Rs 805 with a stop loss at Rs 765. Besides, he recommends buying IG Petrochemicals shares for a target of Rs 515 with a stop loss at Rs 475.
Share Market Today LIVE | Supreme Industries, APL Apollo Tubes hit 52-week highs
As many as six stocks in the BSE 200 basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| APLAPOLLO | 1,682.70 | 1,708.90 | 1,663.05 (24 Aug 2023) | 3,945.00 (08 Dec 2020) |
| BEL | 133.7 | 138.2 | 135.55 (24 Aug 2023) | 4,160.00 (04 Aug 2015) |
| MPHASIS | 2,396.00 | 2,492.75 | 2,471.20 (24 Aug 2023) | 3,659.75 (19 Oct 2021) |
| PAYTM | 905 | 939 | 931.00 (24 Aug 2023) | 1,961.05 (18 Nov 2021) |
| SOLARINDS | 4,592.15 | 4,613.40 | 4,535.95 (03 Jan 2023) | 4,613.40 (25 Aug 2023) |
| SUPREMEIND | 4,478.05 | 4,564.20 | 4,540.00 (24 Aug 2023) | 4,564.20 (25 Aug 2023) |
Share Market Today LIVE | 37 stocks' lock-in period ends this year; these 10 scrips' lock-in period will end in September
The domestic market saw a flood of initial public offerings (IPOs) this year, and the momentum is likely to continue. As the flow continues, starting Friday until December 2023, as many as 37 companies will have their pre-listing shareholder lock-ins open, according to a report by Zee Business. Promoters and anchor investors have a mandatory lock-in period for their respective investments, before which they cannot sell their holdings. After the lock-in period, the respective investors or promoters can then sell the shares they own in the company. Read more
Share Market Today LIVE | India's 'goldilocks' scenario rests on corporate earnings growth trajectory, notes HSBC
Amid escalating concerns about global growth, India stands out; however, its corporate earnings resilience is key to sustaining positive momentum, note analysts at HSBC, the global financial services company, in its latest report, issued on August 23. The shape of the earnings growth trajectory this year is more critical than an average year, and India's "goldilocks" scenario rests on it, they added. The global brokerage firm notes that India has been the best-performing market since March 2023. Read more
Share Market Today LIVE | BEL, Paytm, other stocks hit 52-week highs
As many as 20 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| AIAENG | 3,647.40 | 3,700.00 | 3,675.50 (24 Aug 2023) | 3,700.00 (25 Aug 2023) |
| APLAPOLLO | 1,683.95 | 1,708.90 | 1,663.05 (24 Aug 2023) | 3,945.00 (08 Dec 2020) |
| BEL | 134.1 | 138.2 | 135.55 (24 Aug 2023) | 4,160.00 (04 Aug 2015) |
| BSOFT | 483.3 | 487.5 | 479.00 (24 Aug 2023) | 740.00 (02 Jan 2007) |
| CERA | 9,081.45 | 9,083.65 | 8,999.95 (24 Aug 2023) | 9,083.65 (25 Aug 2023) |
| CHEMPLASTS | 517.45 | 529.85 | 514.95 (24 Aug 2023) | 826.35 (11 Oct 2021) |
| EIHOTEL | 238.2 | 243.15 | 242.90 (23 Aug 2023) | 857.50 (11 Sep 2006) |
| ESCORTS | 3,048.65 | 3,125.00 | 3,005.00 (24 Aug 2023) | 3,125.00 (25 Aug 2023) |
| FSL | 162.35 | 164.7 | 161.75 (24 Aug 2023) | 242.65 (19 Jul 2021) |
| GMRINFRA | 62.15 | 66.75 | 66.50 (24 Aug 2023) | 1,005.00 (13 Jul 2007) |
| JBMA | 1,537.55 | 1,588.00 | 1,569.35 (22 Aug 2023) | 1,689.95 (24 Jan 2022) |
| MAHSCOOTER | 6,376.00 | 6,459.05 | 6,274.20 (24 Aug 2023) | 6,459.05 (25 Aug 2023) |
| MASTEK | 2,265.95 | 2,345.00 | 2,254.40 (19 Jul 2023) | 6,465.20 (26 Nov 1999) |
| MHRIL | 401.05 | 418.1 | 398.00 (24 Aug 2023) | 657.90 (07 Jul 2017) |
| MPHASIS | 2,413.75 | 2,492.75 | 2,471.20 (24 Aug 2023) | 3,659.75 (19 Oct 2021) |
| PAYTM | 914.65 | 939 | 931.00 (24 Aug 2023) | 1,961.05 (18 Nov 2021) |
| SHYAMMETL | 476.6 | 488.3 | 485.00 (24 Aug 2023) | 488.30 (25 Aug 2023) |
| SOLARINDS | 4,579.70 | 4,613.40 | 4,535.95 (03 Jan 2023) | 4,613.40 (25 Aug 2023) |
| SUNTV | 612.95 | 615.75 | 586.00 (24 Aug 2023) | 1,849.00 (08 Feb 2007) |
| SUPREMEIND | 4,506.30 | 4,564.20 | 4,540.00 (24 Aug 2023) | 4,564.20 (25 Aug 2023) |
Nifty Today LIVE | HDFC Bank, L&T, ITC among top drags in Nifty basket
HDFC Bank, L&T, ITC, and RIL are the top drags in the Nifty baskets at this hour. On the contrary, JFS, Bajaj Twins, Asian Paints and Kotak Bank are among the top mover.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Defence Stocks: Bharat Electronics hits a 52-week high after defence ministry order boost
After the defence ministry approved capital acquisition proposals worth approximately Rs 7,800 crore, including the procurement of an electronic warfare (EW) suite for Mi-17 V5 helicopters, prominent defence stocks such as Hindustan Aeronautics Ltd., Bharat Electronics Ltd., Bharat Dynamics Ltd., and Mazagon Dock Shipbuilders started their respective trading sessions on the BSE on Friday in the green. Read more
Share Market Today LIVE | This small-cap company stock jumps 14%, hits 52-week high in early trade; do you own it?
Kaynes Technology India shares jump as much as 14.18 per cent to hit a 52-week high level of Rs 2,122.85 apiece on the BSE in the early morning trade on Friday, August 25. The stock jumped after the company announced on Thursday that Kaynes Technology and the Karnataka Electronics, IT, and BT Department had signed an MoU to drive innovation. Read more
Stocks to Buy | Marico, Berger Paints, HPCL, IRCTC among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, Sacchitanand Uttekar and Rajesh Palviya 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 Marico, Tata Chemicals, HPCL, Berger Paints, IRCTC and JK Paper. Read more
Dividend Stocks | NCC, Oil India, ABB India among 12 shares trade ex-date today
A total of 12 stocks traded ex-dividend on Friday, August 25, according to the NSE website. The list includes NCC, Oil India, ABB India and nine other stocks.
Engineers India dividend 2023 record date
Engineers India has announced a dividend of Re 1 per equity share with a face value of Rs 5. The record date is also August 25.
NCC dividend 2023 record date
NCC has announced a dividend of Rs 2.2 per equity share with a face value of Rs 2. The record date is also August 25.
Surya Roshni dividend
Surya Roshni has announced a dividend of Rs 4 per equity share with a face value of Rs 10. The record date is also August 25.
Oil India dividend 2023 news
Oil India has announced a dividend of Rs 5.50 per equity share with a face value of Rs 10. Read more
Source: Freepik/ Representational image