Share Market HIGHLIGHTS: Sensex ends volatile session 551 pts above day's low, Nifty reclaims 19,600; Dr Reddy's jumps 4%, JSW Steel 3%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex settled in green on Wednesday (August 9) amid buying in oil & gas, auto, FMCG, IT, metal, and pharma stocks. Moody's rating downgrade of certain US banks soured the mood in the early trade, but the market later recovered and closed higher. All eyes will now be on the Reserve Bank of India's (RBI) monetary policy decision, which will be released tomorrow.
NSE Nifty closed 61.7 points, or 0.32 per cent higher at 19,632.55, while BSE Sensex closed 149.31 points, or 0.23 per cent higher at 65,995.81.
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: Indian equity benchmarks Nifty 50 and Sensex settled in green on Wednesday (August 9) amid buying in oil & gas, auto, FMCG, IT, metal, and pharma stocks. Moody's rating downgrade of certain US banks soured the mood in the early trade, but the market later recovered and closed higher. All eyes will now be on the Reserve Bank of India's (RBI) monetary policy decision, which will be released tomorrow.
NSE Nifty closed 61.7 points, or 0.32 per cent higher at 19,632.55, while BSE Sensex closed 149.31 points, or 0.23 per cent higher at 65,995.81.
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: Sensex ends volatile session 551 pts above day's low, Nifty reclaims 19,600
Nifty 50
Nifty finishes at 19,632.55, up 0.32 per cent on Wednesday.
Source: NSE
Sensex
Sensex ends a volatile session 551 points above the day's low at 65,995.81 on Wednesday.
Source: BSE
Share Market HIGHLIGHTS | Dr Reddy's, Hindalco, JSW Steel rise most in 50-scrip blue-chip basket
Dr Reddy's, Hindalco, JSW Steel and Tata Motors are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, Divi's, Apollo Hospitals, Maruti Suzuki and UltraTech Cement are among the top losers, down up to nearly 3 per cent.
Source: NSE
SAIL Q1 result preview | PAT expected to decline 71%; revenue to rise 1.3%
Steel Authority of India or SAIL is expected to announce its June quarter numbers (Q1FY24) on Thursday, August 10. Ahead of the result announcement, shares of SAIL traded 0.41 per cent lower on BSE at Rs 92.24 apiece, declining for the second straight session.
SAIL Q1 results preview
As per Zee Business research, the state-run steel producer is likely to post a profit after tax (PAT) of Rs 236 crore against Rs 804 crore registered a year ago, down 71 per cent. This decline can be attributed to lower volumes and increased input costs. Read more
Berger Paints Q1 Results | Net profit grows 39% to Rs 354 crore, beats Street estimates
Berger Paints on Wednesday reported a consolidated net profit of Rs 354 crore for the quarter ended June, marking an increase of 39.4 per cent compared with the corresponding period a year ago. Its income came in at Rs 3,030 crore for the first quarter of the current financial year, as against Rs 2,760 crore for the year-ago period, according to a regulatory filing. Read more
Page Industries Q1 Preview | Expect a weak set of numbers due to high base, volumes may drop 11%
Page Industries, the manufacturer and retailer of innerwear, loungewear, and socks, and the exclusive licensee of the well-known brand Jockey International Inc., will likely report a weak set of numbers for the quarter ended June 30, 2023, due to a high base. The company, according to Zee Business Research, is expected to report a 7 per cent decline in its consolidated revenue at Rs 1,244 crore on a year-on-year (YoY) basis. It had reported revenue of Rs 1,341 crore in the year-ago period. Read more
Share Market Tips LIVE | Buy Vimata Labs shares, Route Mobile says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Vimata Labs shares for a target of Rs 500 with a stop loss at Rs 470. Besides, he recommends buying Route Mobile shares for a target of Rs 1,560 with a stop loss at Rs 1,470.
Share Market Today LIVE | Dr Reddy's, Cipla, SBI Life, other stocks hit 52-week highs
As many as 35 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 | 3,605.00 | 3,641.00 | 3,607.90 (24 Jul 2023) | 3,641.00 (09 Aug 2023) |
| ALKEM | 4,191.00 | 4,229.40 | 4,170.00 (08 Aug 2023) | 4,229.40 (09 Aug 2023) |
| ASHOKLEY | 187.6 | 188.25 | 186.45 (24 Jul 2023) | 310.50 (14 Jan 2004) |
| AUROPHARMA | 873.65 | 884.95 | 874.60 (08 Aug 2023) | 1,650.00 (07 Jan 2000) |
| BERGEPAINT | 687.65 | 721.45 | 720.55 (03 Aug 2023) | 872.00 (22 Jul 2021) |
| BHARATFORG | 946.4 | 949 | 937.65 (01 Aug 2023) | 1,669.70 (27 Jun 2005) |
| CAPPL | 1,001.05 | 1,018.05 | 1,008.55 (08 Aug 2023) | 1,639.00 (03 Sep 2015) |
| CASTROLIND | 153.4 | 155.75 | 154.60 (07 Aug 2023) | 2,400.00 (22 Apr 1992) |
| CERA | 8,344.30 | 8,489.95 | 8,460.55 (08 Aug 2023) | 8,489.95 (09 Aug 2023) |
| CHALET | 501.1 | 503 | 496.70 (27 Jul 2023) | 503.00 (09 Aug 2023) |
| CIPLA | 1,265.45 | 1,271.90 | 1,269.00 (08 Aug 2023) | 12,000.00 (24 Mar 1992) |
| DIXON | 4,904.95 | 4,967.80 | 4,925.00 (08 Aug 2023) | 21,500.00 (15 Mar 2021) |
| DRREDDY | 5,854.40 | 5,875.00 | 5,737.25 (08 Aug 2023) | 5,875.00 (09 Aug 2023) |
| FDC | 392 | 395.95 | 391.95 (08 Aug 2023) | 503.00 (24 Aug 1999) |
| GLENMARK | 825.5 | 836.3 | 832.90 (27 Jul 2023) | 1,261.95 (21 Aug 2015) |
| GMRINFRA | 52.13 | 52.73 | 52.52 (08 Aug 2023) | 1,005.00 (13 Jul 2007) |
| INDIAMART | 3,149.15 | 3,207.50 | 3,205.00 (21 Jul 2023) | 9,951.95 (05 Feb 2021) |
| IRCON | 107.45 | 110.15 | 103.75 (07 Aug 2023) | 598.80 (19 Feb 2020) |
| JINDALSTEL | 675.25 | 679.6 | 675.40 (01 Aug 2023) | 16,780.00 (04 Jan 2008) |
| KALYANKJIL | 184.4 | 188.95 | 187.55 (17 Jul 2023) | 188.95 (09 Aug 2023) |
| LLOYDSME | 663 | 687.85 | 683.05 (07 Aug 2023) | 687.85 (09 Aug 2023) |
| LUPIN | 1,098.45 | 1,108.95 | 1,094.70 (08 Aug 2023) | 2,127.00 (06 Oct 2015) |
| MAHABANK | 36.74 | 37.65 | 36.60 (08 Aug 2023) | 96.50 (07 Jan 2008) |
| MANAPPURAM | 142.55 | 145.8 | 144.70 (08 Aug 2023) | 839.90 (21 Apr 2010) |
| MARICO | 583.4 | 587 | 581.95 (04 Aug 2023) | 768.00 (16 Mar 1999) |
| NATCOPHARM | 891.05 | 895 | 881.10 (08 Aug 2023) | 2,709.00 (07 Apr 2015) |
| NLCINDIA | 132.9 | 139.2 | 125.45 (08 Aug 2023) | 273.90 (04 Jan 2008) |
| POLYMED | 1,436.05 | 1,501.50 | 1,491.50 (07 Aug 2023) | 1,501.50 (09 Aug 2023) |
| PRAJIND | 479.5 | 485 | 474.00 (08 Aug 2023) | 1,103.80 (16 Aug 2005) |
| RAYMOND | 1,968.95 | 1,982.00 | 1,973.55 (07 Aug 2023) | 1,982.00 (09 Aug 2023) |
| SBILIFE | 1,348.95 | 1,374.85 | 1,358.25 (08 Aug 2023) | 1,374.85 (09 Aug 2023) |
| SHOPERSTOP | 869.1 | 889.75 | 829.70 (10 Jul 2023) | 889.75 (09 Aug 2023) |
| SHYAMMETL | 452.5 | 464.5 | 430.50 (08 Aug 2023) | 464.50 (09 Aug 2023) |
| TORNTPHARM | 2,070.00 | 2,095.20 | 2,089.85 (08 Aug 2023) | 3,304.45 (31 Dec 2021) |
| VGUARD | 306.45 | 309.55 | 295.75 (10 Jul 2023) | 1,848.00 (29 Aug 2016) |
Nifty Today LIVE | HDFC Bank, ICICI Bank, RIL among top drags
HDFC Bank, ICICI Bank, RIL, ITC and Bajaj Finance are among the top drags in Nifty baskets at this hour. On the contrary, Dr Reddy's, M&M, TechM, Bharti Airtel and Coal India are the top movers
Here's a look at the heatmap in the 50-scrip universe by weight:
Share Market Today LIVE | IRCTC shares trades over 1% higher ahead of the results
State-run Indian Railway Catering and Tourism Corp (IRCTC) shares trade over 1 per cent higher ahead of the company releasing its June quarter (Q1FY24) numbers. IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket-booking services and provide food services onboard trains. The stock touched the day's high at Rs 652 apiece on BSE. Read more
Share Market Today LIVE | SBI Life shares hit fresh 52-week high after IRDAI nod for Amit Jhingran’s appointment as CEO
Shares of SBI Life Insurance Company Limited hit a new 52-week high of Rs 1,374.85 apiece on BSE in trade on Wednesday after the Insurance Regulatory and Development Authority of India (IRDAI) approved the appointment of Amit Jhingran as the new Managing Director and Chief Executive Officer. The shares trade at Rs 1348.95, down 0,06 per cent on BSE. Read more
Share Market Today LIVE | Oil India shares drop after upstream oil company's Q1 profit nearly halves
Oil India shares reel under pressure after the state-run upstream oil company reported a 49.1 per cent year-on-year fall in quarterly net profit as a decline in crude oil prices dented its revenue. Oil India (OIL) shares decline by as much as Rs 9.7 — or 3.5 per cent — to Rs 263.8 apiece in intraday trade on BSE, reversing the previous day's gain and moving away from a 52-week high of Rs 277.7 touched this month. Read more
Stocks to Buy | SBI Life, GAIL, Eicher Motors among top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Ambareesh Baliga, Sumeet Bagadia, Vishvesh Chauhan and Sandeep Wagle 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 SBI Life, GAIL, Aether Industries, Eicher Motors, Bank of Baroda and Dixon Tech. Read more
Share Market Today LIVE | INOX Wind stocks hit a 52-week high after Rs 500 crore equity share sale
Share prices of INOX Wind Energy and its subsidiary INOX Wind clocks a new 52-week high after the group announced a block deal worth Rs 500 crore through an equity share sale of the company. The share price of the parent company, INOX Wind Energy, reached a 52-week high of Rs 3,040 on BSE on Wednesday morning. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,500-19,535 and a strong buy zone at 19,385-19,435 levels on Wednesday, August 9. For the Nifty Bank, he expects support at 44,725-44,825 levels and a strong buy zone at 44,525-44,625 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends