Share Market HIGHLIGHTS: Sensex ends 173 pts higher, Nifty reclaims 19,700; healthcare, capital goods stocks rally
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Wednesday, September 27, edged higher amid buying in auto financial services, FMCG, IT, pharma, and realty. Also, Nomura's rating upgrade from 'Neutral' to 'Overweight' built confidence in investors. At close, both indices were up 0.26 per cent. The S&P BSE Sensex was up 173.22 points at 66,118.69, and the NSE Nifty was up 51.75 points at 19,716.45.
The FMCG and pharmaceutical sectors outperformed, with investors adopting a defensive approach to navigate global challenges. However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near term, the market expert added. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 closed on a positive note. Nifty Bank ended flat at 44,588.3.
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:
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 on Wednesday, September 27, edged higher amid buying in auto financial services, FMCG, IT, pharma, and realty. Also, Nomura's rating upgrade from 'Neutral' to 'Overweight' built confidence in investors. At close, both indices were up 0.26 per cent. The S&P BSE Sensex was up 173.22 points at 66,118.69, and the NSE Nifty was up 51.75 points at 19,716.45.
The FMCG and pharmaceutical sectors outperformed, with investors adopting a defensive approach to navigate global challenges. However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near term, the market expert added. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 closed on a positive note. Nifty Bank ended flat at 44,588.3.
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:
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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Market Comment | Vinod Nair, Head of Research at Geojit Financial Services
"The market inched higher in the second half, driven by positive openings in European markets. Concerns about global interest rates and elevated oil prices are being balanced by several domestic factors, such as promising economic growth prospects and the potential for strong earnings, which validate the premium valuation. The FMCG and Pharma sectors outperformed, with investors adopting a defensive approach to navigate global challenges. However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near term."
Share Market HIGHLIGHTS | Sensex ends 173 pts higher, Nifty reclaims 19,700
Nifty 50
Nifty reclaims 19,700, and ends 0.26 per cent higher.
Source: NSE
Sensex
Sensex finishes 173 points higher at 66,119.
Source: BSE
Share Market HIGHLIGHTS | L&T, Coal India, ITC among top gainers in Nifty 50
L&T, Coal India, ITC and Sun Pharma are among the top gainers in the Nifty basket, trading with gains of around 2-1 per cent. On the other hand, Titan, Grasim, Hero MotoCorp and Nestle India are among the top losers, down around 1 per cent.
Source: NSE
Share Market Today LIVE | TCS, HCL, Infosys down despite Morgan Stanley raising target prices for IT giants
Stocks of Indian IT companies are trading as mixed bag after brokerage Morgan Stanley revised targets to be higher for most of the leading IT firms. The brokerage firm has a strong outlook for Indian IT companies, saying that higher revenue growth, improved margins, and double-digit EPS growth should keep volumes afloat for the companies.
What Morgan Stanley's outlook says about the IT sector?
While Morgan Stanley is bullish about the IT sector, it has raised targets for HCL Tech, Infosys, Wipro, and Saint. Read more
Valiant Laboratories IPO hits D-Steet | Check out subscription status, listing date, issue price, and other key details
Valiant Laboratories IPO: Valiant Laboratories launched its initial public offering (IPO) on Wednesday, September 27, to raise up to Rs 152.46 crore. The IPO, which is entirely a fresh issue, will close on October 3. The total number of shares offered by the company is 10,890,000 (including the anchor allocation of 32,66,970 equity shares).
Valiant Laboratories IPO subscription status
So far on Wednesday, the first day of the bidding process, the IPO received bids for 8,32,440 shares against 76,23,030 shares put on offer, marking an overall subscription of 11 per cent, according to provisional exchange data.
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | Nil |
| Non-institutional investors | 0.01 |
| Retail investors | 0.21 |
| Overall | 0.11 |
| Source: Exchange data |
|
Here’s all you need to know about the Valiant Laboratories IPO:
Valiant Labs IPO allotment date, Valiant Labs IPO listing date
The basis of the allotment of shares post-IPO is set to be finalised on October 5. Successful bidders will receive Valiant Laboratories shares in their demat accounts on October 6, while unsuccessful bidders will get the refund the same day. Valiant Laboratories stock is likely to debut on the NSE and BSE on October 9. Read more
Share Market Today LIVE | TVS Motor, Coal India, other stocks hit 52-week highs
As many as 22 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
| Security Name | LTP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| APARINDS | 5,807.20 | 6,013.00 | 5,850.00 (26 Sep 2023) | 6,013.00 (27 Sep 2023) |
| COALINDIA | 291.1 | 293.3 | 291.25 (26 Sep 2023) | 447.25 (05 Aug 2015) |
| COLPAL | 2,048.75 | 2,096.25 | 2,083.95 (26 Sep 2023) | 2,198.50 (15 Apr 2015) |
| DALBHARAT | 2,371.40 | 2,424.40 | 2,420.00 (15 Sep 2023) | 2,547.20 (14 Sep 2021) |
| DIXON | 5,268.00 | 5,287.40 | 5,225.00 (05 Sep 2023) | 21,500.00 (15 Mar 2021) |
| FEDERALBNK | 150.55 | 151.4 | 150.00 (11 Sep 2023) | 550.75 (02 Jan 2013) |
| GAEL | 351 | 352.9 | 347.15 (25 Sep 2023) | 393.85 (19 Apr 2022) |
| GESHIP | 863.25 | 906.95 | 871.85 (26 Sep 2023) | 906.95 (27 Sep 2023) |
| HUDCO | 88.25 | 91.75 | 87.48 (25 Sep 2023) | 102.35 (14 Jul 2017) |
| IDEA | 11.99 | 12.45 | 12.40 (18 Sep 2023) | 203.90 (17 Apr 2015) |
| INDIANB | 432.2 | 446.15 | 434.40 (25 Sep 2023) | 446.15 (27 Sep 2023) |
| JSWENERGY | 433.55 | 444.8 | 441.70 (26 Sep 2023) | 444.80 (27 Sep 2023) |
| LODHA | 791.05 | 823.65 | 819.90 (14 Sep 2023) | 1,538.65 (01 Dec 2021) |
| MAPMYINDIA | 1,872.85 | 1,894.75 | 1,794.00 (28 Aug 2023) | 1,918.35 (17 Jan 2022) |
| PFC | 250.8 | 254.1 | 251.12 (11 Sep 2023) | 383.00 (14 Oct 2010) |
| PGHH | 18,000.00 | 18,020.00 | 17,800.00 (22 Sep 2023) | 18,020.00 (27 Sep 2023) |
| PNB | 81.7 | 81.85 | 81.35 (26 Sep 2023) | 1,395.00 (09 Nov 2010) |
| RECLTD | 284.1 | 285.8 | 284.50 (11 Sep 2023) | 409.50 (11 Oct 2010) |
| SUNTECK | 440.2 | 444.25 | 444.10 (26 Sep 2023) | 2,955.00 (08 Oct 2009) |
| TATAINVEST | 3,256.45 | 3,278.45 | 3,052.95 (26 Sep 2023) | 3,278.45 (27 Sep 2023) |
| THERMAX | 3,046.30 | 3,125.55 | 3,050.00 (12 Sep 2023) | 3,125.55 (27 Sep 2023) |
| TVSMOTOR | 1,530.35 | 1,544.75 | 1,543.80 (26 Sep 2023) | 1,544.75 (27 Sep 2023) |
MARKET CHECK: Sensex up over 100 pts
Nifty Today LIVE | L&T, RIL, Infy, ITC among top movers
L&T, RIL, Infy, ITC and Sun Pharma are the top movers in the Nifty baskets at this hour. On the contrary, HDFC Bank, ICICI Bank, Bajaj Finance, SBI and Titan are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Prataap Snacks shares slip 4% after GST department searches company's manufacturing unit in Bengaluru
Prataap Snack shares on Wednesday, September 27, slip over 4 per cent to touch the day's low of Rs 839.95 on NSE, after the Goods and Service Tax (GST) department searched the company's manufacturing unit in Bengaluru. A search and seizure action was taken by the GST department on September 25, the company informed stock exchanges on September 26. Read more
Share Market Today LIVE | Cement stocks mixed as reports say companies may go for price hike in October
Cement stocks trade on a mixed note after reports suggested that the price of cement would increase from October 1. Shares of Nuvoco Vistas Corporation trade nearly 2 per cent higher, Dalmia Bharat shares are down nearly a half per cent, Shree Cement is up over 1 per cent, JK Lakshmi Cement is up half a per cent, ACC edges higher, and UltraTech Cement also trades half a per cent higher. Read more
Share Market Today LIVE | Housing finance segment looks robust; three stocks analysts are bullish on
The housing finance market is expected to expand at a compound annual growth rate (CAGR) of 20.58 per cent during the FY 2022–FY 2027 period, according to a report by MarketResearch.com. The report adds that increasing urbanisation and affordable mortgage rates are the two key factors propelling the growth of the market. In 2021, the affordable housing segment made up 90 per cent of the market in terms of volume and about 60 per cent based on value. Millennials and young borrowers (below 36 years), with high disposable incomes and an increased need for urban accommodation, are potential consumers for home loans. They account for 27 per cent of borrowers, the report says further.
Given this scenario, it makes huge sense to invest in the housing finance segment, particularly in affordable housing finance companies (AFHCs), as it provides a strong growth runway due to lower competition given the customer profile (informal income and low ATS) and operation-intensive nature of the business. ATS stands for average ticket size. Read more
Share Market Today LIVE | Borosil Renewables soar over 5% after Bombay High Court quashes tax order worth Rs 19.53 crore
Borosil Renewables shares are soaring higher by 4.77 per cent, or Rs 19.6, at Rs 430.3 after the Bombay High Court on Tuesday quashed the tax demand notice of Rs 19.53 crore for the Assessment Year 2016-17. Read more
Stocks to buy | Britannia, Divi's, Indian Hotels among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Ambareesh Baliga, Vishvesh Chauhan, Himanshu Gupta, Kunal Saraogi and Sumeet Bagadia 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 Indian Hotels, Polyplex, Genus Paper & Boards, Britannia Industries and Divi's Laboratories. Read more
Traders' Diary | Buy, sell or hold strategy on Nykaa, SBI Life, Wipro, DMart, Bata, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Wednesday, September 27. Here's a list of 20 stocks that are on analysts Ashish Chaturvedi and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Ashish Chaturvedi
- Buy Equitas Small Finance Bank shares in the cash segment for a price target of Rs 89 with a stop loss at Rs 86.9
- Sell MFSL futures (October) for a target of Rs 900 with a stop loss at Rs 920
- Buy the 430 put option (October) of Gujarat Gas for a target of Rs 15 with a stop loss at Rs 7
- Technical pick: Sell Bata India shares for a target of Rs 1,590 with a stop loss at Rs 1,620
- Fundamental pick: Buy MapMyIndia shares for a target of Rs 1,870 with a stop loss at Rs 1,740
- Investment idea: Buy DMart shares for a one-year target of Rs 4,400. Read more