Share Market HIGHLIGHTS: Sensex ends 32 pts higher amid thin trade, Nifty50 climbs to 21,742; Nestle India jumps
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished barely in the green, after scaling fresh record highs, amid holiday thin trade on Monday, the first session of the New Year.
Catch all the highlights of the January 1, 2024 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex finished barely in the green, after scaling fresh record highs, amid holiday thin trade on Monday, the first session of the New Year.
Catch all the highlights of the January 1, 2024 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today | Sensex, Nifty50 end first session of 2024 mildly higher
Both headline indices finish the session barely in the green. The Sensex ends with a gain of 31.7 points at 72,271.9 and the Nifty50 settles at 21,741.9, up 10.5 points from its previous close.
Share Market Today LIVE | Nifty futures cross 22,000 mark for first time ever
Both headline indices surge about half a per cent each to fresh all-time highs.
The Sensex jumps 321.7 points to touch 72,561.9 and the Nifty50 climbs to an unprecedented 21,834.4, up 103 points from its previous close—both intraday record highs.
Share Market Today LIVE | Avinash Gorakssakar has SBI as his 2024 pick, target Rs 750
Avinash Gorakssakar of Profitmart Securities is bullish on State Bank of India shares for the New Year. Assuming that the economy will register annual growth of 6-6.5 per cent, the banking sector is poised to benefit big during the course of the year, he says.
An obvious and straight beneficiary of such growth will be SBI, with its strong balance sheet as well as asset quality, he says, adding that one can buy the stock not only for 2024 but for the next year as well.
SBI is looking strong on all parameters, with potential for robust growth in loan disbursements, Gorakssakar adds.
The expert has placed his one-year target for SBI shares at Rs 750 apiece.
Image: Reuters
Share Market Today LIVE | BREAKING | 7.4 magnitude earthquake hits central Japan
An earthquake with a preliminary magnitude of 7.4 hit north central Japan on Monday, according to public broadcaster NHK.
The Japan Meteorological Agency issued a tsunami warning along coastal regions of Ishikawa, Niigata and Toyama prefectures.
Hokuriku Electric Power said it is checking for any irregularities at its nuclear power plants, according to NHK.
Share Market Today LIVE | China's manufacturing contraction worsens in December as demand weakens
A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s second-largest economy remains sluggish. The official Purchasing Managers Index, or PMI, has fallen in eight of the past nine months, with an increase only in September.
Despite unexpectedly prolonged weakness after the pandemic, China’s economy grew at a 5.2 per cent pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail sales rising.
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Image: Reuters
Share Market Today LIVE | BHEL hits 52-week high after company bags mega Rs 19,422-crore order
Bharat Heavy Electricals Ltd (BHEL) shares gain by as much as Rs 11.2, or 5.8 per cent, to Rs 204.7 apiece on BSE, surpassing an earlier peak scaled on Friday.
Share Market Today LIVE | Coal India's stellar run continues; one-year returns stand at 71%
Government-owned Coal India Ltd (CIL) notches a fresh eight-year high, continuing its rising spree for a third straight session.
Here's how the stock has fared in the past year:
Images: BSEIndia.com
Motilal Oswal Financial Services (MOFSL) has a 'buy' rating on the CIL stock with a target price of Rs 430 per share. The brokerage has highlighted that Coal India company has intensified its focus on capex, which is set to improve its evacuation infrastructure.
Share Market Today LIVE | LIC shares scale 52-week peak
Life Insurance Corporation (LIC) shares rise by as much as Rs 23.6, or 2.8 per cent, to Rs 856.9 apiece on BSE, surpassing an earlier peak of Rs 843.7 touched on December 29.
Share Market Today LIVE | Nifty Media, Nifty PSU Bank top gainers among NSE's sectoral gauges
Here's where the various sectoral gauges stand at this hour:
| Index | Current level |
Change (%) |
| NIFTY CONSUMER DURABLES | 31,081.65 | -0.16 |
| NIFTY PHARMA | 16,822.05 | -0.06 |
| NIFTY HEALTHCARE INDEX | 10,633.60 | -0.04 |
| NIFTY IT | 35,510.30 | -0.01 |
| NIFTY PRIVATE BANK | 24,878.85 | 0.01 |
| NIFTY FINANCIAL SERVICES | 21,491.75 | 0.02 |
| NIFTY BANK | 48,310.00 | 0.04 |
| NIFTY REALTY | 783.7 | 0.08 |
| NIFTY FMCG | 57,080.90 | 0.16 |
| NIFTY AUTO | 18,653.95 | 0.19 |
| NIFTY METAL | 8,033.50 | 0.7 |
| NIFTY OIL & GAS | 9,579.35 | 0.88 |
| NIFTY PSU BANK | 5,770.10 | 0.99 |
| NIFTY MEDIA | 2,416.45 | 1.19 |
Share Market Today LIVE | Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve
Zomato, Swiggy and OYO Rooms could not have asked for a better start to the year. The three registered record orders and bookings on New Year's Eve.
Zomato recorded the highest number of orders delivered in a single day, by its more than 3.2 lakh delivery partners.
Share Market Today LIVE | Auto stocks a mixed bag; Ashok Leyland, Tata Motors rise up to 3%; Maruti Suzuki, Bajaj Auto decline up to 1%
The auto basket is in the spotlight as manufacturers start to report their sales numbers for the month gone by.
| Stock/index | CMP/current level | Change (%) |
| Nifty Auto | 18,686.50 | 0.37 |
| ASHOKLEY | 186.3 | 2.62 |
| TATAMOTORS | 797.5 | 2.25 |
| HEROMOTOCO | 4,177.00 | 0.9 |
| TVSMOTOR | 2,036.35 | 0.52 |
| MARUTI | 10,287.20 | -0.15 |
| BAJAJ-AUTO | 6,759.90 | -0.55 |
| M&M | 1,705.00 | -1.41 |
| EICHERMOT | 4,084.90 | -1.41 |
Share Market Today LIVE | Dhampur Sugar Mills rallies; board to meet on Jan 3 to consider buyback
If cleared at the upcoming meeting of the company's board, this will be the sugar maker's maiden share buyback.
Share Market Today LIVE | A multibagger hospital stock is all set to extend recent run
Fortis Healthcare shares have just hit yet another record high!
The latest bout of buying in the counter comes after Nomura retains its ‘buy’ call with a raised target of Rs 475 apiece.
Share Market Today LIVE | Anil Singhvi's stock pick of the year is Jubilant Pharmova; see where the market wizard has placed his target
Zee Business Managing Editor Anil Singhvi points out that the pharma stock has been underperforming for the past two years.
Share Market Today LIVE | Goldilocks scenario for economy, market as New Year begins, says Geojit's VK Vijayakumar
VK Vijayakumar of Geojit Financial Services believes it is a Goldilocks scenario for the economy and the market with the onset of 2024. "Growth momentum in the economy is strong... The banking system is in the pink of health and all macroeconomic indicators are stable. Political stability after the general elections looks almost certain," he says.
"From a global perspective, the US economy appears to be headed for a soft landing. The US 10-year bond yield at 3.87 per cent and the dollar index at 100.6 are tailwinds for the market. FPI inflows in 2024 are likely to be robust. The concern, however, is that most of this good news is in the price; but valuations are a bit stretched and above the long-term averages. So, the market is vulnerable to corrections from presently unknown risks. The broader market is overvalued; safety is in large-caps," he adds.