Share Market HIGHLIGHTS: Sensex ends 394 pts higher; Nifty reclaims 19,800 amid broad-based buying
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex staged extended gains to a second straight session on Wednesday backed by buying across a majority of sectors, with stocks from the financial, oil & gas, auto and FMCG sectors being the biggest movers. Investors awaited the onset of the earnings season for domestic cues, with Tata Consultancy Services (TCS) due to report its quarterly numbers later in the day.
The Sensex settled 393.69 points or 0.60 per cent higher at 66,473.05 and the Nifty finished with a gain of 121.5 points, or 0.62 per cent, at 19,811.35. The Nifty Mid Cap 100 and Small Cap 100 indices also settled in the green. Nifty Bank was up 0.35 per cent at 44,516.9 at the end of the day.
Dalal Street took positive signals from global markets on the back of stable crude oil prices, and dovish comments from key Federal Reserve officials that eased concerns about higher-for-longer interest rates, and hope that the Israel crisis might not impact the world economy.
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 staged extended gains to a second straight session on Wednesday backed by buying across a majority of sectors, with stocks from the financial, oil & gas, auto and FMCG sectors being the biggest movers. Investors awaited the onset of the earnings season for domestic cues, with Tata Consultancy Services (TCS) due to report its quarterly numbers later in the day.
The Sensex settled 393.69 points or 0.60 per cent higher at 66,473.05 and the Nifty finished with a gain of 121.5 points, or 0.62 per cent, at 19,811.35. The Nifty Mid Cap 100 and Small Cap 100 indices also settled in the green. Nifty Bank was up 0.35 per cent at 44,516.9 at the end of the day.
Dalal Street took positive signals from global markets on the back of stable crude oil prices, and dovish comments from key Federal Reserve officials that eased concerns about higher-for-longer interest rates, and hope that the Israel crisis might not impact the world economy.
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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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 | Sensex ends 394 pts higher; Nifty reclaims 19,800 amid broad-based buying
Nifty 50
Nifty reclaims 19,800 amid broad-based buying, settles 0.62 per cent higher.
Source: NSE
Sensex
Sensex ends 394 points higher at 66,473.
Source: BSE
Share Market HIGHLIGHTS | Hero MotoCorp, Wipro, Grasim rise most in 50-scrip blue-chip basket
Hero MotoCorp, Wipro, Grasim and UltraTech Cement are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, HCL Tech, Coal India, LTIMindtree and SBI are among the top losers, down nearly 2 per cent.
Source: NSE
Share Market Today LIVE | DLF, Coal India, other stocks hit 52-week highs
As many as 12 stocks in the BSE 200 basket reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| BHARTIARTL | 955.75 | 956.75 | 953.60 (10 Oct 2023) | 1,149.00 (10 Oct 2007) |
| CHOLAFIN | 1,259.75 | 1,272.80 | 1,264.00 (10 Oct 2023) | 1,760.75 (30 Apr 2018) |
| COALINDIA | 301.5 | 305 | 303.95 (10 Oct 2023) | 447.25 (05 Aug 2015) |
| DLF | 565.55 | 568.95 | 564.70 (10 Oct 2023) | 1,225.00 (15 Jan 2008) |
| HDFCAMC | 2,747.00 | 2,798.45 | 2,769.85 (10 Oct 2023) | 3,844.00 (22 Nov 2019) |
| IPCALAB | 941.8 | 962.35 | 958.50 (10 Oct 2023) | 2,767.10 (15 Sep 2021) |
| LODHA | 813.5 | 829 | 823.65 (27 Sep 2023) | 1,538.65 (01 Dec 2021) |
| LTTS | 4,749.00 | 4,859.75 | 4,825.00 (10 Oct 2023) | 5,958.10 (04 Jan 2022) |
| PAYTM | 970.75 | 977 | 954.60 (10 Oct 2023) | 1,961.05 (18 Nov 2021) |
| PFC | 249.8 | 255.55 | 254.25 (29 Sep 2023) | 383.00 (14 Oct 2010) |
| TVSMOTOR | 1,550.50 | 1,571.00 | 1,558.35 (10 Oct 2023) | 1,571.00 (11 Oct 2023) |
| ZOMATO | 108.75 | 109.05 | 107.90 (10 Oct 2023) | 169.10 (16 Nov 2021) |
Share Market Tips LIVE | Buy Kfin Tech, VPRPL shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Kfin Tech shares for a target of Rs 500 with a stop loss at Rs 450. Besides, he recommends buying VPRPL shares for a target of Rs 205 with a stop loss at Rs 177.
Share Market Today LIVE | MCX, TVS Motor, Paytm, other stocks hit 52-week highs
As many as 32 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) |
| ANGELONE | 2,098.40 | 2,116.65 | 2,109.50 (10 Oct 2023) | 2,116.65 (11 Oct 2023) |
| ASTRAZEN | 4,781.85 | 4,825.00 | 4,800.00 (10 Oct 2023) | 4,970.00 (08 Sep 2020) |
| BHARTIARTL | 954.65 | 956.4 | 953.60 (10 Oct 2023) | 1,149.00 (10 Oct 2007) |
| BSOFT | 538.95 | 548.5 | 543.75 (10 Oct 2023) | 740.00 (02 Jan 2007) |
| CHOLAFIN | 1,258.00 | 1,272.80 | 1,264.00 (10 Oct 2023) | 1,760.75 (30 Apr 2018) |
| COALINDIA | 301.15 | 305 | 303.95 (10 Oct 2023) | 447.25 (05 Aug 2015) |
| CRISIL | 4,001.75 | 4,145.00 | 4,143.05 (10 Oct 2023) | 9,031.95 (27 Jul 2011) |
| DLF | 565 | 568.95 | 564.70 (10 Oct 2023) | 1,225.00 (15 Jan 2008) |
| ECLERX | 2,170.45 | 2,248.40 | 2,170.00 (06 Oct 2023) | 2,970.00 (13 Jan 2022) |
| ESCORTS | 3,394.20 | 3,435.20 | 3,410.65 (10 Oct 2023) | 3,435.20 (11 Oct 2023) |
| GAEL | 367.55 | 372.7 | 371.00 (10 Oct 2023) | 393.85 (19 Apr 2022) |
| HDFCAMC | 2,750.05 | 2,798.45 | 2,769.85 (10 Oct 2023) | 3,844.00 (22 Nov 2019) |
| INFIBEAM | 22.14 | 23 | 22.78 (10 Oct 2023) | 1,504.00 (08 Aug 2017) |
| IPCALAB | 944.1 | 962.35 | 958.50 (10 Oct 2023) | 2,767.10 (15 Sep 2021) |
| KALYANKJIL | 266.9 | 272.9 | 267.90 (10 Oct 2023) | 272.90 (11 Oct 2023) |
| KPITTECH | 1,213.40 | 1,234.50 | 1,219.45 (01 Sep 2023) | 1,234.50 (11 Oct 2023) |
| LODHA | 817.5 | 829 | 823.65 (27 Sep 2023) | 1,538.65 (01 Dec 2021) |
| LTTS | 4,768.00 | 4,859.75 | 4,825.00 (10 Oct 2023) | 5,958.10 (04 Jan 2022) |
| MCX | 2,160.00 | 2,183.85 | 2,149.50 (09 Oct 2023) | 2,183.85 (11 Oct 2023) |
| MEDANTA | 759 | 768.9 | 758.00 (10 Oct 2023) | 768.90 (11 Oct 2023) |
| MIDHANI | 461.8 | 476.4 | 447.95 (12 Sep 2023) | 476.40 (11 Oct 2023) |
| NAM-INDIA | 346.5 | 349.8 | 346.75 (09 Oct 2023) | 476.50 (19 Oct 2021) |
| NBCC | 63.28 | 64.64 | 63.65 (06 Sep 2023) | 1,214.50 (06 Aug 2015) |
| PAYTM | 969.25 | 977 | 954.60 (10 Oct 2023) | 1,961.05 (18 Nov 2021) |
| PFC | 249.2 | 255.55 | 254.25 (29 Sep 2023) | 383.00 (14 Oct 2010) |
| PHOENIXLTD | 1,918.80 | 1,938.95 | 1,907.20 (21 Sep 2023) | 37,536.25 (21 Sep 2005) |
| RAMCOCEM | 985 | 994 | 963.50 (05 Oct 2023) | 13,500.00 (25 Apr 1996) |
| SPLPETRO | 536.3 | 546.95 | 535.95 (10 Oct 2023) | 1,027.05 (28 Mar 2022) |
| SUNTECK | 470.15 | 482 | 456.95 (29 Sep 2023) | 2,955.00 (08 Oct 2009) |
| TVSMOTOR | 1,556.40 | 1,571.00 | 1,558.35 (10 Oct 2023) | 1,571.00 (11 Oct 2023) |
| WELCORP | 413.7 | 419.15 | 406.70 (21 Sep 2023) | 537.70 (17 Jan 2008) |
| ZOMATO | 108.5 | 109.05 | 107.90 (10 Oct 2023) | 169.10 (16 Nov 2021) |
Share Market Today LIVE | Laxmi Organic zooms 13%; company raises Rs 259 crore via QIP
Laxmi Organic shares zoom as much as nearly 13 per cent after the company raised Rs 259 crore through qualified institutional placement (QIP). The Goenka Group's flagship company’s board approved the allocation of 96.25 lakh shares of face value of Rs 2 each to eligible qualified institutional buyers at an issue price of Rs 269.2 per equity share, a discount of 4.97 per cent to the floor price of Rs 283.27, according to an exchange filing from the company. Read more
Traders' Diary: Buy, sell or hold strategy on Maruti Suzuki, MCX, KPIT Tech, Tatva Chintan, Dalmia Bharat, other 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, October 11. Here's a list of 20 stocks that are on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
- Buy Varun Beverages shares in the cash segment for a price target of Rs 957 with a stop loss at Rs 915
- Buy Axis Bank futures for a target of Rs 1,045 with a stop loss at Rs 1,000
- Buy the Rs 5,050 call option of Bajaj Auto at Rs 98 for a target of Rs 125 with a stop loss at Rs 85
- Technical pick: Chambal Fertiliser shares for a target of Rs 294 with a stop loss at Rs 280
- Fundamental pick: Buy GHCL shares for a target of Rs 624 with a stop loss at Rs 595
- Cricket World Cup pick: Buy Maruti Suzuki shares for a target of Rs 11,000 with a perspective of 3-4 months. Read more
Nifty Today LIVE | RIL, HDFC Bank, HUL among top movers in Nifty basket
RIL, HDFC Bank, HUL and Kotak Bank are the top movers in the Nifty baskets at this hour. On the contrary, Infosys, TCS, Coal India and HCL Tech 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 | CARE upgrades Vinati Organics' long-term rating; shares rise
Vinati Organics shares edged higher on Wednesday, halting a downward trend over the past five sessions. The stock of Vinati Organics — a manufacturer of specialty chemical and organic intermediaries — trades 0.49 per cent higher at Rs 1,838.4 apiece on NSE. During market hours on Tuesday, ratings agency CARE Ratings upgraded its long-term ratings on certain bank facilities of the specialty chemicals maker.
Here are the details of the rating action by CARE:
The agency upgraded its fund-based long-term cash credit rating from ‘CARE AA’ with a ‘positive’ outlook to ‘CARE AA+’ with a ‘stable’ outlook.
CARE reaffirmed its non-fund based rating at ‘CARE A1+’, Vinati Organics said. Read more
Share Market Today LIVE | Tata Chemicals, Gujarat Alkalies, GHCL shares rise on soda ash price hike buzz
Tata Chemicals, GHCL and Gujarat Alkalies shares are in high demand on Wednesday in anticipation of a rise in the prices of soda ash, a chemical used as input in a range of industries. Zee Business learned from dealer channel checks that domestic soda ash prices were in for a five per cent increase next week amid the closure of major Chinese plants for another three months. Tata Chemicals, GHCL, Gujarat Alkalies, Chemfab Alkalis, DCW and Lords Chloro Alkali share trade with gains to the tune of 3-6 per cent after a strong start to the day. All of the companies produce soda ash. Read more
Stocks to Buy | Infosys, NMDC among analysts' top picks today
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Vishvesh Chauhan, Sumeet Bagadia and Siddharth Sedani share their top recommendations for the day in this special segment, Big B Stocks. On the top analysts' 'buy' list are stocks such as NMDC, Infosys, Escorts Kubota and Dalmia Bharat. Read more
Share Market Today LIVE | KPIT Tech stock hits 52-week high after Goldman Sachs revises share price target
Shares of software and consulting company KPIT Tech hit a 52-week high of Rs 1,234.50 on BSE after Goldman Sachs maintained a 'buy' rating on the IT firm and raised its share price target to Rs 1,420 from Rs 1,270. Read more
Share Market Today LIVE | MCX shares hit fresh 52-week high on implementation of new CDP platform from October 16
Shares of the country’s largest commodity derivatives exchange gain as much as 2.87 per cent to hit a fresh 52-week high of Rs 2158.90 apiece on the BSE. The gains in the stock were triggered after MCX proposed to go live with its new commodity derivatives platform on Monday, October 16. Read more