Share Market HIGHLIGHTS: Nifty climbs to 19,575, Sensex settles 152 pts higher; Apollo Hospitals, CIL jump 3%
Share Market HIGHLIGHTS: Healthy buying in FMCG, IT, pharma, realty, metals, and oil and gas stocks helped the domestic equity market settle higher for the third consecutive session on Tuesday (September 5). The Nifty Midcap 100 and Small Cap 100 indices also participated in the rally as both indices hit fresh record highs.
At close, the S&P BSE Sensex stood at 65,780.26, up 0.23 per cent or 152.12 points, while the NSE's Nifty ended 0.24 per cent or 46.1 points higher at 19,575 levels. In the Nifty 50 basket, 33 stocks advanced and 17 declined.
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: Healthy buying in FMCG, IT, pharma, realty, metals, and oil and gas stocks helped the domestic equity market settle higher for the third consecutive session on Tuesday (September 5). The Nifty Midcap 100 and Small Cap 100 indices also participated in the rally as both indices hit fresh record highs.
At close, the S&P BSE Sensex stood at 65,780.26, up 0.23 per cent or 152.12 points, while the NSE's Nifty ended 0.24 per cent or 46.1 points higher at 19,575 levels. In the Nifty 50 basket, 33 stocks advanced and 17 declined.
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 climbs to 19,575, Sensex settles 152 pts higher
Nifty 50
Nifty ends at 19,575, up 0.24 per cent.
Source: NSE
Sensex
Sensex settles 152 points higher at 65,780.26.
Source: BSE
Share Market HIGHLIGHTS | Apollo Hospitals, Coal India, Sun Pharma rise most in 50-scrip blue-chip basket
Apollo Hospitals, Coal India, Sun Pharma and BPCL are among the top gainers in the Nifty basket, trading with gains of around 3 per cent. On the other hand, UltraTech Cement, Dr Reddy's, Sbi Life Insurance Company and Maruti Suzuki are among the top losers, down nearly 1.5 per cent.
Source: NSE
Share Market Tips LIVE | Buy Redington, IKIO Lighting shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Redington shares for a target of Rs 410 with a stop loss at Rs 370. Besides, he recommends buying IKIO Lighting shares for a target of Rs 185 with a stop loss at Rs 150.
Share Market Today LIVE | JM Financial sees 55% upside in Nykaa shares; says company a strong play on India’s secular BPC growth
With assortment being a key reason for shopping online, Nykaa, with 3,400+ brand partners, is being used by 142 of the 203 survey participants, with 30 per cent of them buying more than 50 per cent of their beauty and personal care (BPC) needs on Nykaa, notes JM Financial in their latest report based on a consumer survey.
While 27 per cent of survey participants belonged to the 33–37 age group, they account for 39 per cent of shoppers spending over Rs 10,000 on BPC annually, with over 90 per cent online penetration. Users in this age group suggested higher 'dispensable' income and early signs of ageing are the primary reasons for their increased BPC spending from a few years ago, the brokerage said in its report dated September 4. Read more
Share Market Today LIVE | BHEL, Cyient, IDFC, other stocks hit 52-week highs
As many as 69 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 | 1,799.00 | 1,799.50 | 1,775.00 (04 Sep 2023) | 3,945.00 (08 Dec 2020) |
| ASTERDM | 340.35 | 343.45 | 337.75 (28 Aug 2023) | 343.45 (05 Sep 2023) |
| BHEL | 139.15 | 143.55 | 140.65 (04 Sep 2023) | 2,925.00 (07 Nov 2007) |
| CENTURYPLY | 719.65 | 720 | 709.60 (14 Sep 2022) | 833.60 (19 Dec 2007) |
| CGPOWER | 439.2 | 449.75 | 440.00 (04 Sep 2023) | 3,000.00 (31 Mar 1992) |
| CHOLAHLDNG | 998.45 | 1,013.10 | 1,003.15 (04 Sep 2023) | 1,013.10 (05 Sep 2023) |
| COCHINSHIP | 934 | 956.95 | 942.60 (04 Sep 2023) | 956.95 (05 Sep 2023) |
| COFORGE | 5,617.60 | 5,631.60 | 5,504.70 (04 Sep 2023) | 6,133.00 (04 Jan 2022) |
| COROMANDEL | 1,128.60 | 1,133.00 | 1,127.25 (04 Sep 2023) | 1,133.00 (05 Sep 2023) |
| CYIENT | 1,936.00 | 1,945.45 | 1,779.95 (04 Sep 2023) | 1,945.45 (05 Sep 2023) |
| DEVYANI | 216.6 | 218 | 204.80 (26 Jul 2023) | 218.00 (05 Sep 2023) |
| DIXON | 5,150.00 | 5,225.00 | 5,164.15 (01 Sep 2023) | 21,500.00 (15 Mar 2021) |
| DLF | 521.3 | 525.75 | 521.70 (31 Jul 2023) | 1,225.00 (15 Jan 2008) |
| ENGINERSIN | 163.8 | 167.25 | 166.55 (24 Aug 2023) | 2,599.00 (25 Mar 2010) |
| GAIL | 123.9 | 127.1 | 123.75 (04 Sep 2023) | 555.00 (01 Jan 2008) |
| GICRE | 227.75 | 229.45 | 228.45 (04 Sep 2023) | 895.00 (25 Oct 2017) |
| GPPL | 133.1 | 135.75 | 134.00 (30 Aug 2023) | 262.00 (06 Apr 2015) |
| GRASIM | 1,856.85 | 1,872.40 | 1,867.00 (08 Aug 2023) | 5,348.50 (05 Aug 2016) |
| GSFC | 190.4 | 192.85 | 188.10 (04 Sep 2023) | 575.00 (02 Apr 1992) |
| HCLTECH | 1,239.10 | 1,241.45 | 1,235.00 (04 Sep 2023) | 3,021.00 (21 Feb 2000) |
| HUDCO | 78.17 | 80.4 | 78.19 (04 Sep 2023) | 102.35 (14 Jul 2017) |
| IDBI | 69.63 | 71.25 | 66.90 (07 Aug 2023) | 202.25 (11 Nov 2010) |
| IDFC | 127.9 | 132 | 131.50 (04 Sep 2023) | 235.00 (03 Jan 2008) |
| IDFCFIRSTB | 98.02 | 100.74 | 98.99 (04 Sep 2023) | 100.74 (05 Sep 2023) |
| INDIAMART | 3,205.20 | 3,264.95 | 3,207.50 (09 Aug 2023) | 9,951.95 (05 Feb 2021) |
| INTELLECT | 743.65 | 746.9 | 742.65 (01 Sep 2023) | 986.00 (07 Apr 2022) |
| IRFC | 72.71 | 75.72 | 66.78 (04 Sep 2023) | 75.72 (05 Sep 2023) |
| ITI | 128.85 | 131.55 | 129.50 (04 Sep 2023) | 275.00 (11 Jan 1994) |
| KPIL | 680.55 | 687.85 | 686.20 (04 Sep 2023) | 2,119.95 (05 Apr 2006) |
| LATENTVIEW | 462.85 | 466.45 | 464.95 (04 Sep 2023) | 755.00 (26 Nov 2021) |
| LICHSGFIN | 457 | 458.25 | 455.35 (04 Sep 2023) | 1,496.50 (29 Sep 2010) |
| LTIM | 5,455.85 | 5,463.35 | 5,425.00 (05 Jul 2023) | 7,595.25 (04 Jan 2022) |
| LTTS | 4,613.50 | 4,623.95 | 4,539.65 (04 Sep 2023) | 5,958.10 (04 Jan 2022) |
| MAHABANK | 41.27 | 42.7 | 41.90 (04 Sep 2023) | 96.50 (07 Jan 2008) |
| MAHSCOOTER | 7,774.40 | 7,826.90 | 7,699.90 (04 Sep 2023) | 7,826.90 (05 Sep 2023) |
| MASTEK | 2,415.15 | 2,425.80 | 2,399.50 (01 Sep 2023) | 6,465.20 (26 Nov 1999) |
| MINDACORP | 350.6 | 354.8 | 352.85 (04 Sep 2023) | 354.80 (05 Sep 2023) |
| MMTC | 62.96 | 62.96 | 52.47 (04 Sep 2023) | 56,931.50 (12 Nov 2007) |
| MOTHERSON | 100.58 | 103.5 | 103.06 (04 Sep 2023) | 540.25 (20 Jul 2015) |
| MPHASIS | 2,548.35 | 2,550.95 | 2,509.55 (04 Sep 2023) | 3,659.75 (19 Oct 2021) |
| MRPL | 97.75 | 99.35 | 98.85 (04 Sep 2023) | 149.00 (04 Jan 2008) |
| NAM-INDIA | 324 | 326.75 | 326.50 (10 Aug 2023) | 476.50 (19 Oct 2021) |
| NBCC | 57.63 | 57.71 | 57.70 (04 Sep 2023) | 1,214.50 (06 Aug 2015) |
| NESCO | 735.75 | 746.3 | 734.95 (01 Sep 2023) | 2,936.00 (08 Sep 2017) |
| NHPC | 52.87 | 53.67 | 52.71 (01 Aug 2023) | 53.67 (05 Sep 2023) |
| NTPC | 232.7 | 236.95 | 236.40 (04 Sep 2023) | 291.00 (15 Jan 2008) |
| OFSS | 4,226.15 | 4,232.00 | 4,167.45 (01 Sep 2023) | 5,144.60 (19 Oct 2021) |
| ONGC | 185.05 | 186 | 184.65 (01 Sep 2023) | 1,514.00 (10 May 2006) |
| PERSISTENT | 5,890.00 | 5,893.80 | 5,800.00 (04 Sep 2023) | 5,893.80 (05 Sep 2023) |
| PHOENIXLTD | 1,870.00 | 1,901.20 | 1,884.35 (04 Sep 2023) | 37,536.25 (21 Sep 2005) |
| PNB | 67.22 | 68.63 | 67.80 (04 Sep 2023) | 1,395.00 (09 Nov 2010) |
| POLYCAB | 5,268.70 | 5,300.00 | 5,272.35 (04 Sep 2023) | 5,300.00 (05 Sep 2023) |
| PRAJIND | 539.5 | 541.5 | 514.00 (22 Aug 2023) | 1,103.80 (16 Aug 2005) |
| PRINCEPIPE | 725.5 | 739.2 | 737.00 (04 Sep 2023) | 896.65 (09 Nov 2021) |
| PRSMJOHNSN | 140.55 | 144.3 | 143.80 (20 Sep 2022) | 160.00 (17 Jan 2022) |
| RATNAMANI | 2,694.30 | 2,775.00 | 2,768.55 (04 Sep 2023) | 2,857.00 (03 Jun 2022) |
| RAYMOND | 2,189.00 | 2,240.00 | 2,069.25 (01 Sep 2023) | 2,240.00 (05 Sep 2023) |
| RITES | 524.5 | 540.7 | 531.30 (04 Sep 2023) | 540.70 (05 Sep 2023) |
| SONATSOFTW | 1,079.30 | 1,099.40 | 1,094.00 (18 Jul 2023) | 2,936.60 (16 Feb 2000) |
| TATACOMM | 1,885.80 | 1,891.10 | 1,888.00 (04 Sep 2023) | 3,250.00 (11 Feb 2000) |
| TATAPOWER | 257.3 | 262.5 | 262.30 (04 Sep 2023) | 3,500.00 (29 Jan 1992) |
| TMB | 579.05 | 583.05 | 579.30 (21 Aug 2023) | 583.05 (05 Sep 2023) |
| TRIDENT | 42.63 | 43.75 | 41.85 (05 Sep 2022) | 109.50 (20 Sep 2017) |
| TV18BRDCST | 50.45 | 51.65 | 51.40 (01 Sep 2023) | 1,264.90 (07 Jan 2008) |
| VBL | 930.65 | 941.6 | 934.50 (17 Aug 2023) | 1,747.15 (26 May 2023) |
| VTL | 411.95 | 414.4 | 408.00 (04 Sep 2023) | 2,880.00 (21 Jan 2022) |
| WIPRO | 434.55 | 437.3 | 436.40 (04 Sep 2023) | 9,800.00 (22 Feb 2000) |
| ZENSARTECH | 568.1 | 575 | 541.80 (04 Sep 2023) | 1,723.70 (03 Sep 2018) |
| ZFCVINDIA | 15,236.00 | 15,317.45 | 15,175.50 (04 Sep 2023) | 15,317.45 (05 Sep 2023) |
Share Market Today LIVE | M&M Finance gains on 15% rise YoY in disbursements in August
Shares of Mahindra and Mahindra Finance gains 2 per cent after the financial services arm of the Mahindra and Mahindra Group reported a rise in disbursements year-on-year in the month of August. The non-banking finance company informed bourses that its disbursements increased by 15 per cent YoY in August to a total of Rs 4,400 crore. Read more
Stocks to Buy | M&M, Britannia, Tata Power among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sumeet Bagadia, Himanshu Gupta, Avinash Gorakshakar, Kunal Saraogi 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 Britannia, PNB, Tata Power, M&M, IDFC and Tata Chemicals. Read more
Share Market Today LIVE | UTI AMC, HDFC AMC, and Nippon India shares get a boost after Zerodha files papers to launch mutual fund schemes
Shares of asset management companies UTI AMC, HDFC AMC, and NIPPON INDIA trade on a high note, a day after Zerodha MF filed papers with Sebi to start two mutual fund (MF) schemes. The share of UTI AMC trades higher by 2.19 per cent, HDFC is up 0.85 per cent, while Nippon India moved up by 2.02 per cent in early trading hours on Tuesday.
Zerodha, which got its mutual fund licence last month, said on Monday that it had submitted its papers to the Securities Exchange Board of India (Sebi) to launch its two mutual fund schemes: the Zerodha Tax Saver (ELSS) Nifty Large Midcap 250 Index Fund and the Zerodha Nifty Large Midcap 250 Index Fund (ZN250). Read more
Share Market Today LIVE | HCL Tech, NTPC hit 52-week highs
HCL Tech, NTPC and Wipro in the S&P BSE 500 Sensex reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| HCLTECH | 1,238.65 | 1,241.45 | 1,235.00 (04 Sep 2023) | 3,021.00 (21 Feb 2000) |
| NTPC | 233.8 | 236.95 | 236.40 (04 Sep 2023) | 291.00 (15 Jan 2008) |
| WIPRO | 436.05 | 437.3 | 436.40 (04 Sep 2023) | 9,800.00 (22 Feb 2000) |
Share Market Today LIVE | Analysts banking on a textile firm’s long-term growth story; what's keeping them excited?
Nitin Spinners shares have grown more than 50 per cent so far in 2023, having sharply outperformed a 7.6 rise in the headline Nifty index, and analysts are banking on a significant further upside in the company citing the company’s long-term growth prospects. Is it a good time to enter the Nitin Spinners (NITINSPIN) stock at the current juncture? Many analysts believe the company’s move to expand its production capacity is set to aid its profitability over the long term.
A long-term growth story?
Brokerage ICICI Direct, which has a 'buy' rating on Nitin Spinners with a price target of Rs 360, is of the view that capacity enhancement is likely to support the company's "long-term growth story". The target suggests upside to the tune of 13.6 per cent from the current market price. Its target is based on a valuation multiple of nine times its estimate for the company’s earnings for the year ended March 2023. Read more
Currency Update | Rupee falls 13 paise to 82.84 against US dollar
The rupee depreciates 13 paise to 82.84 against the US dollar amid the withdrawal of foreign funds from domestic equities and firm crude oil prices.
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 19,435-19,465 levels and a strong buy zone at 19,340-19,385 levels on Tuesday, September 5. For the Nifty Bank, he expects support at 44,300-44,425 levels and a strong buy zone at 44,000-44,200 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Raymond hits record high after Jefferies, Motilal Oswal initiate coverage with 'buy' rating, TP set at Rs 2,600
Shares of Raymond, the established apparel brand in India, hit a record high on Tuesday (September 5), after global brokerage Jefferies and domestic broking firm Motilal Oswal Securities initiated coverage on the stock with a 'buy' rating and a target price of Rs 2,600. In the opening deals, the stock hit an all-time high level of Rs 2,151.20 on the BSE. Read more
Share Market Today LIVE | Nifty near 19,550, Sensex up over 50 pts
Nifty 50
Nifty trades near 19,550, up 0.09 per cent in opening deals.
Source: NSE
Sensex
Sensex trades 61 points higher at 65,689.71 in opening deals.
Source: BSE