Share Market HIGHLIGHTS: Sensex finishes 571 pts lower, Nifty slips to 19,742; M&M, ICICI Bank drop 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex tumbled for the third consecutive session on Thursday, September 21, after the US Federal Reserve signalled that interest rates could stay higher for longer. Auto, bank, pharma, financial services, and realty counters were down over 1 per cent.
At close, the S&P BSE Sensex was down 570.6 points, or 0.85 per cent, at 66,230.24, and the NSE Nifty was down 159.05 points, or 0.8 per cent, at 19,742.35. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices also fell and ended in negative territory. Nifty Bank settled at 44,623.85, 1.68 per cent lower.
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 tumbled for the third consecutive session on Thursday, September 21, after the US Federal Reserve signalled that interest rates could stay higher for longer. Auto, bank, pharma, financial services, and realty counters were down over 1 per cent.
At close, the S&P BSE Sensex was down 570.6 points, or 0.85 per cent, at 66,230.24, and the NSE Nifty was down 159.05 points, or 0.8 per cent, at 19,742.35. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices also fell and ended in negative territory. Nifty Bank settled at 44,623.85, 1.68 per cent lower.
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 finishes 571 pts lower, Nifty slips to 19,742
Nifty
Nifty slips to 19,742, down 0.8 per cent.
Source: NSE
Sensex
Sensex finishes 571 points lower at 66,230.24.
Source: BSE
Share Market HIGHLIGHTS | M&M, ICICI Bank, Cipla emerge as top losers in 50-scrip blue-chip basket
M&M, ICICI Bank, Cipla and SBI are among the top losers in the Nifty basket, down nearly 3-2 per cent. On the other hand, Adani Ports, TechM, Dr Reddy's and Asian Paints are among the top gainers, trading with gains of around 2-1 per cent.
Source: NSE
Share Market Today LIVE | Glenmark, KSB, other stocks hit 52-week highs
Amid selling in benchmark indices, as many as eight 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) |
| CHOLAHLDNG | 1,208.05 | 1,282.75 | 1,194.00 (14 Sep 2023) | 1,282.75 (21 Sep 2023) |
| GLENMARK | 829 | 879.15 | 872.95 (15 Sep 2023) | 1,261.95 (21 Aug 2015) |
| INDIANB | 402.95 | 427.95 | 424.05 (18 Sep 2023) | 428.00 (17 Nov 2017) |
| KIOCL | 319.75 | 357.85 | 322.00 (20 Sep 2023) | 506.45 (14 Nov 2017) |
| KSB | 3,030.90 | 3,085.35 | 2,919.90 (07 Sep 2023) | 3,085.35 (21 Sep 2023) |
| PHOENIXLTD | 1,810.25 | 1,907.20 | 1,901.40 (11 Sep 2023) | 37,536.25 (21 Sep 2005) |
| POLYCAB | 5,223.00 | 5,357.55 | 5,331.00 (06 Sep 2023) | 5,357.55 (21 Sep 2023) |
| WELCORP | 392.05 | 406.7 | 404.30 (20 Sep 2023) | 537.70 (17 Jan 2008) |
Nifty Today LIVE | ICICI Bank, RIL, HDFC Bank, SBI, ITC among top drag in Nifty 50 basket
Source: NSE
Share Market Today LIVE |Zydus Lifesciences shares extend losses to third day; is there any opportunity?
Zydus Lifesciences shares gave up initial gains amid volatile trade on Thursday, mirroring an overall weak session on Dalal Street. The Zydus Lifesciences stock decline by as much as Rs 7.4, or 1.2 per cent, to Rs 617.1 apiece on BSE, continuing to fall for the third session in a row. The pharmaceutical company received final approval from the US drug regulator, the US Food and Drug Administration, for its clindamycin phosphate gel, used in the treatment of acne. Clindamycin is an antibiotic which works by stopping the growth of bacteria. In a regulatory filing post-market hours on Wednesday, the company said the drug will be manufactured at the group’s topical manufacturing facility at Changodar in Ahmedabad. Read more
Share Market Today LIVE | Nifty Bank trades over 550 pts higher amid weakness in benchmark indices
Source: NSE
Share Market Today LIVE | Morgan Stanley sees 19% upside in this stock, which has gained over 200% in a year
Global brokerage firm Morgan Stanley is bullish on Kaynes Technology India, an integrated electronics manufacturer, which has given a return of over 203 per cent in a year. The brokerage has initiated an 'overweight' rating on the stock and sees an upside potential of nearly 19 per cent from Wednesday's closing.
In its report, Morgan Stanley has stated that India plays a vital role in electronic manufacturing and has estimated the revenue growth of the segment at a 21 per cent compound annual growth rate (CAGR) by FY22–32. It believes that by FY32, the revenue will grow to $604 billion. Read more
Share Market Today LIVE | Sensex tanks over 600 pts amid weakness in broad-based market selling
Source: BSE
Share Market Today LIVE | HDFC AMC shares jump after RBI's nod to acquire up to 9.5% stake in Karur Vysya Bank and DCB Bank
The stock of HDFC AMC trades 0.35 per cent lower, at Rs 2,675 on a day when the RBI approved the mutual fund company to acquire up to 9.5 per cent stake in Karur Vysya Bank and DCB Bank each.
"The RBI has accorded its approval to HDFC Asset Management Company Ltd. (HDFC AMC) for acquiring aggregate holding of up to 9.5% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd. The approval has been granted with reference to the application made by HDFC AMC to RBI," Karur Vysya Bank said in a statement. Read more
Share Market Today LIVE | REC shares shrug off weakness on D-Street; what is driving the infra financier stock?
Rural Electrification Corporation (REC) shares are in high demand in an otherwise weak market on Thursday after a subsidiary of the state-run infrastructure finance company transferred its Beawar Transmission to Sterlite Grid 27, and incorporated a new wholly-owned subsidiary. The REC stock jumps by as much as Rs 7.85, or 3.09 per cent, to Rs 262.3 apiece on BSE after the announcements. In a regulatory filing post-market hours on Wednesday, REC said its wholly-owned subsidiary REC Power Development & Consultancy transferred its entire shareholding of 50,000 shares in Beawar Transmission along with its assets and liabilities to Sterlite Grid 27 on the same day. Read more
Share Market Today LIVE | Apollo Tyres shares decline 3% on disruption of operations at Limda plant
Shares of Apollo Tyres decline after the company, in its regulatory filing on September 20, informed bourses that Bias and OTR tyre production at its manufacturing facility in Limda, Gujarat, has been stopped due to certain concerns amongst shop floor employees relating to the renewal of a long-term settlement agreement. Apollo Tyres further said that the company was in discussions and negotiations with the labour union representatives to address their concerns and find an amicable resolution. The counter trades
at Rs 369.75, down 2.43 per cent on NSE.
Read more
Share Market Today LIVE | Fino Payments Bank receives complaints about misappropriation of funds; stock slips over 8%
Shares of Fino Payments Bank, a commercial banking company, slips as much as 8 per cent, touching the day's low of Rs 304.5 apiece on Thursday, September 21. The selling pressure in the scrip came after the bank said it had received complaints from one of its clients regarding misappropriation of funds, cheating, and forgery. Read more
Share Market Today LIVE | EMS Limited lists at 34% premium over issue price
The shares of EMS Limited list at around Rs 280, up 33 per cent over its issue price of Rs 211, on the NSE. Whereas, the counter debuts at Rs 281.55 on BSE.
Source: NSE
Share Market Today LIVE | SJVN's two-day OFS opens today; shares tank around 10 per cent
Shares of SJVN tanks, a day after the state-owned power producer informed bourses that the government will sell a 4.92 per cent stake in SJVN through a two-day offer for sale, starting today. The shares fell as much as nearly 10 per cent to touch the day's low of Rs 73.6 on the NSE. The floor price for OFS of the hydroelectric power generation and transmission company has been fixed at around Rs 69 apiece, which is a 16 per cent discount to the last market price.
DIPAM Secretary Tuhin Kanta Pandey on X said, "Offer for sale in SJVN opens tomorrow for non-retail investors. Retail investors can bid on Friday. The government will divest 4.92 per cent of equity, including a Green Shoe option of 2.46 per cent."