Share Market HIGHLIGHTS: Nifty cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run; Infosys nosedives 8%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex settled lower on Friday, July 21, with Nifty IT and FMCG dragging the headline index. The 30-share index of the BSE settled at 66,684.26, down 887.64 points while the NSE's Nifty ended at 19,745 down 234.15 points on Friday.
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 lower on Friday, July 21, with Nifty IT and FMCG dragging the headline index. The 30-share index of the BSE settled at 66,684.26, down 887.64 points while the NSE's Nifty ended at 19,745 down 234.15 points on Friday.
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:
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Nifty cracks below 19,750, Sensex ends 888 pts lower, halts 6-day winning run
Nifty 50
Nifty cracks below 19,750, down by 1.17 per cent.
Source: NSE
Sensex
Sensex ends 888 points lower at 66,684, halts 6-day winning run.
Source: BSE
Share Market HIGHLIGHTS | Infy, HUL, HCL Tech emerge as top losers; L&T, ONGC, NTPC rise most in 50-scrip blue-chip basket
Infy, HUL, HCL Tech and Wipro are among the top losers, down nearly 8-3 per cent. On the other hand, L&T, ONGC, NTPC and SBI are among the top gainers in the Nifty basket, trading with gains of around 4-1 per cent.
Source: NSE
Share Market Today LIVE | HDFC Life Q1 profit rises 15% to Rs 415 cr
HDFC Life reports a 15 per cent increase in net profit at Rs 415 crore for first quarter of the current fiscal year. The company had reported Rs 361 crore profit in April-June 2022-23. The total premium rises 16 per cent to Rs 11,673 crore during the quarter as compared with Rs 10,050 crore in the year-ago period, HDFC Life said in a statement. Read more
Share Market Today LIVE | United Spirits Q1 Results: Net profit jumps to Rs 477 crore in June quarter
United Spirits reports a consolidated net profit of Rs 477 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal. Total income rose to Rs 5,830 crore in the first quarter. It stood at Rs 7,157 crore in the year-ago period.
In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022. Read more
Share Market Today LIVE | UltraTech Cement Q1 PAT rises 7% to Rs 1,688 crore
Aditya Birla group firm UltraTech Cement on Friday reports a 7 per cent rise in its consolidated profit after tax (PAT) to Rs 1,688 crore for the first quarter ended June 2023, aided by robust sales in the domestic market. The company had posted a PAT of 1,584 crore in the April-June quarter of the last fiscal. Read more
United Spirits is having a Tata Communications moment, says Anil Singhvi; stock hits 52-week high post-Q1 results
United Spirits (NSE: MCDOWELL-N) trades at 1,041 or Rs 65.60 or 6.73 per cent on BSE. The counter shares rose as much as 7 per cent and hit a 52-week high on the BSE at Rs 1,047.95 apiece after the company posted better-than-expected results for the June quarter (Q1FY24).
Anil Singhvi's view on United Spirits
Zee Business Managing Editor Anil Singhvi said that United Spirits is having a Tata Communications moment where its performance is improving quarter after quarter (QoQ). Singhvi added that this stock will become everyone's favourite soon and has a scope of doubling or tripling in the coming time. Read more
Share Market Today LIVE | Ashok Leyland, BHEL, ICICI Bank, ITC, 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) |
| APLAPOLLO | 1,423.10 | 1,438.20 | 1,419.75 (20 Jul 2023) | 3,945.00 (08 Dec 2020) |
| ASHOKLEY | 182 | 182.95 | 176.30 (20 Jul 2023) | 310.50 (14 Jan 2004) |
| AUROPHARMA | 778.2 | 791.5 | 774.00 (20 Jul 2023) | 1,650.00 (07 Jan 2000) |
| BHEL | 95.2 | 97.2 | 96.88 (20 Jul 2023) | 2,925.00 (07 Nov 2007) |
| EIHOTEL | 218.65 | 222.75 | 222.25 (17 Jul 2023) | 857.50 (11 Sep 2006) |
| EQUITASBNK | 97.31 | 99.05 | 97.37 (19 Jul 2023) | 99.05 (21 Jul 2023) |
| ERIS | 745.7 | 749.95 | 749.85 (06 Oct 2022) | 896.00 (14 Mar 2018) |
| FINCABLES | 1,003.45 | 1,015.00 | 1,004.75 (20 Jul 2023) | 1,015.00 (21 Jul 2023) |
| GLENMARK | 752.5 | 753.5 | 746.00 (20 Jul 2023) | 1,261.95 (21 Aug 2015) |
| ICICIBANK | 990.4 | 998 | 997.95 (20 Jul 2023) | 1,796.80 (03 Dec 2014) |
| ICICIGI | 1,399.75 | 1,422.85 | 1,407.65 (20 Jul 2023) | 1,674.00 (22 Sep 2021) |
| IIFL | 571 | 572.05 | 565.90 (20 Jul 2023) | 1,974.90 (01 Jan 2008) |
| INDIAMART | 3,128.00 | 3,149.30 | 3,050.65 (04 May 2023) | 9,951.95 (05 Feb 2021) |
| IRCON | 94.34 | 94.75 | 91.70 (21 Jun 2023) | 598.80 (19 Feb 2020) |
| ITC | 491.25 | 497.55 | 493.50 (20 Jul 2023) | 1,961.00 (20 Sep 2005) |
| JSWSTEEL | 810.3 | 823.35 | 817.65 (11 Jul 2023) | 1,886.50 (08 Sep 2016) |
| KEC | 623 | 624.35 | 611.70 (14 Jul 2023) | 922.00 (08 Nov 2007) |
| LINDEINDIA | 4,555.00 | 4,643.45 | 4,638.05 (21 Jun 2023) | 4,643.45 (21 Jul 2023) |
| LT | 2,567.50 | 2,572.80 | 2,503.00 (07 Jul 2023) | 4,670.00 (01 Nov 2007) |
| LUPIN | 939.55 | 947.95 | 947.35 (20 Jul 2023) | 2,127.00 (06 Oct 2015) |
| MAZDOCK | 1,866.00 | 1,910.00 | 1,819.85 (20 Jul 2023) | 1,910.00 (21 Jul 2023) |
| MEDPLUS | 949.8 | 974 | 943.10 (18 Jul 2023) | 1,343.00 (20 Jan 2022) |
| MOTHERSON | 96.82 | 98.19 | 97.07 (19 Jul 2023) | 540.25 (20 Jul 2015) |
| POONAWALLA | 375.2 | 378.95 | 376.00 (20 Jul 2023) | 441.00 (12 Mar 2008) |
| RAINBOW | 1,122.00 | 1,139.00 | 1,129.00 (17 Jul 2023) | 1,139.00 (21 Jul 2023) |
| RITES | 446.7 | 449.9 | 433.20 (04 Nov 2022) | 449.90 (21 Jul 2023) |
| SHRIRAMFIN | 1,838.45 | 1,857.10 | 1,828.75 (13 Jul 2023) | 1,857.10 (21 Jul 2023) |
| SUNPHARMA | 1,093.95 | 1,107.95 | 1,104.40 (20 Jul 2023) | 3,090.00 (29 Feb 2000) |
| SUZLON | 19.66 | 19.66 | 18.73 (20 Jul 2023) | 2,300.00 (09 Jan 2008) |
| SWSOLAR | 368.2 | 373 | 367.70 (20 Jul 2023) | 755.50 (20 Aug 2019) |
| TANLA | 1,163.00 | 1,198.00 | 1,157.00 (17 Jul 2023) | 2,094.40 (17 Jan 2022) |
| TATAMTRDVR | 350.45 | 350.95 | 347.90 (20 Jul 2023) | 940.25 (11 Nov 2010) |
| TORNTPHARM | 1,949.10 | 1,982.55 | 1,981.50 (28 Jun 2023) | 3,304.45 (31 Dec 2021) |
| UNITDSPR | 1,032.50 | 1,043.95 | 982.30 (18 Jul 2023) | 4,080.00 (05 Mar 2015) |
| ZENSARTECH | 479.1 | 483.9 | 474.55 (20 Jul 2023) | 1,723.70 (03 Sep 2018) |
Share Market Today LIVE | Nifty cracks near 19,750, Sensex drops 800 pts
Nifty 50
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | ICICI Bank, ITC, other stocks hit 52-week highs
As many as 4 stocks in the S&P BSE Sensex basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| ICICIBANK | 990.7 | 998 | 997.95 (20 Jul 2023) | 1,796.80 (03 Dec 2014) |
| ITC | 492.1 | 497.55 | 493.50 (20 Jul 2023) | 1,961.00 (20 Sep 2005) |
| JSWSTEEL | 810.55 | 823.35 | 817.65 (11 Jul 2023) | 1,886.50 (08 Sep 2016) |
| LT | 2,558.95 | 2,572.80 | 2,503.00 (07 Jul 2023) | 4,670.00 (01 Nov 2007) |
| SUNPHARMA | 1,094.20 | 1,107.95 | 1,104.40 (20 Jul 2023) | 3,090.00 (29 Feb 2000) |
Share Market Today LIVE | L&T to consider share buyback next week; stock hits 52 week high
Larsen and Toubro (NSE: LT) shares trade at Rs 2,561, up by 2.87 per cent on NSE. The counter rose over 3 per cent and hit 52 week high on the BSE at Rs 2,572.8 apiece. The D- Street showed buying interest in the stock after the engineering and construction conglomerate announced it was considering a share buyback.
"A meeting of Board of Directors will be held on Tuesday, 25th July 2023, to approve..... buyback of equity shares of the Company in accordance with the provisions of the Companies Act, 2013 and SEBI (Buyback of Securities) Regulations 2018," the regulatory filing read. Read more
Ashok Leyland Q1 results | Net profit comes in at Rs 576.42 crore against Rs 68 crore in Q1FY23
Ashok Leyland reports a 747 per cent jump in its standalone net profit at Rs 576.42 crore for the quarter ended June 30, 2023. The firm had posted a profit of Rs 68.05 crore in the year-ago period. Revenue from operations comes in at Rs 8,189.29 crore, up 13.3 per cent against Rs 7,222.65 crore logged in the corresponding quarter of the previous fiscal. Read more
Stocks to buy: ICICI Bank, MCX, Grasim, GAIL, ICICI Securities, Marico among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Sacchitanand Uttekar, Sumeet Bagadia, Rakesh Bansal and Kunal Saraogi 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 ICICI Bank, MCX, Grasim, GAIL, ICICI Securities and Marico. Read more
Share Market Today LIVE | Dalmia Bharat shares slip 4% after Q1 profit falls 30% to Rs 144 crore
Shares of Dalmia Bharat trade at Rs 1,951.4 apiece, down by Rs 69.55, or 3.44 per cent on the NSE. The dip in the counter follows after the cement manufacturer reported a 29.75 per cent decline in consolidated profit after tax (PAT) at Rs 144 crore for the June quarter, impacted by higher expenses. The stock opened at Rs 1,979 and dipped as much as nearly 4 per cent to touch the day's low of Rs 1,943 from the previous close of Rs 2,020.95 on the NSE.
India's fourth-largest cement producer by market capitsalisation — Dalmia Bharat—in a regulatory filing said that it had posted a consolidated profit after tax of Rs 205 crore in the first quarter of the last fiscal year. Consolidated revenue from operations was Rs 3,624 crore as compared to Rs 3,302 crore in the year-ago period.
Image source: Official website
Share Market Today LIVE | RIL slips over 2% ahead of Q1 results; here's what to expect from oil-to-telecom behemoth
Shares of Reliance Industries (RIL) slips more than 2 per cent to Rs 2,563.05 apiece on the NSE ahead of its June quarter results announcement, due later today. In the previous session, the domestic stock exchanges, NSE and BSE, conducted a one-hour special session for RIL to discover the price of its demerged entity, Jio Financial Services, which is expected to list on the bourses in the next 2-3 months.
Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected Rs 261.85 ($3.19) in its demerger from RIL. Read more