Share Market HIGHLIGHTS: Sensex ends 326 pts lower, Nifty slides to 19,444 amid weakness in financial, IT stocks; Coal India soars 5%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex began the first full session of Samvat 2080 on a negative note, after entering the Vikrami New Year with gains to the tune of 0.5 per cent each in a special, one-hour 'muhurat' trading session on November 12, the day the country celebrated Diwali.
Catch all the highlights of the November 13 session on Dalal Street, along with the views of Zee Business Managing Editor Anil Singhvi and other market experts, and much more, on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex began the first full session of Samvat 2080 on a negative note, after entering the Vikrami New Year with gains to the tune of 0.5 per cent each in a special, one-hour 'muhurat' trading session on November 12, the day the country celebrated Diwali.
Catch all the highlights of the November 13 session on Dalal Street, along with the views of Zee Business Managing Editor Anil Singhvi and other market experts, and much more, on Zeebiz.com's blog:
Latest Updates
Closing Bell | Sensex ends 326 pts lower, Nifty slides to 19,444; financial, IT shares lead slide in indices; CIL soars 5%
Share Market Today LIVE | Buy Manappuram Finance shares, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets expects a strong upmove in Manappuram Finance shares.
He recommends buying the stock for targets of Rs 150 and Rs 152 with a stop loss at Rs 141.
Share Market Today LIVE | Market breadth continues to be in favour of bears as D-Street enters last hour of trade
Overall market breadth remains skewed in favour of the bears, with an advance-decline ratio of 4:8 on BSE as 1,714 stocks enjoy gains while 2,074 scrips struggle below the flatline on the bourse.
The advance-decline ratio on BSE 500, the broadest index on the bourse, stands at a worse 1:2, with 168 stocks in the 500-scrip gauge holding on to the green.
Motilal Oswal Financial Services, Hindustan Copper, Indian Bank and Union Bank of India are the top BSE 500 gainers, while SWAN Energy, Glenmark Pharma, Biocon and Global Health (Medanta) are the top losers.
Image: BSEIndia.com
Share Market Today LIVE | Nifty Bank mere 50 pts below flatline, recovers much of day's losses
Stocks such as PNB, Federal Bank and AU Small Finance Bank aid a bounceback in the banking index. Earlier in the day, the high-beta Nifty Bank gauge dropped 315.3 points, or 0.7 per cent, to hit 43,681.4 at the weakest level of the session.
Image: NSEIndia.com
Share Market Today LIVE | Avoid buying M&M shares at current levels, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities believes Mahindra & Mahindra shares to be in a consolidation phase. He recommends avoiding buying the stock at current levels till it overcomes resistance at Rs 1,550-1,575-odd levels.
One may consider buying after the upper end of the resistance range with a stop loss at Rs 1,540, he adds.
Share Market Today LIVE | Buy 19,500 Nifty call option at Rs 40, says Mehul Kothari
Mehul Kothari of Anand Rathi Shares & Stock Brokers shares a derivatives recommendation. He suggests traders to pick the 19,500 call of the Nifty50 index at Rs 40 for targets to the tune of Rs 65 and Rs 95 with a stop loss at Rs 22.
Share Market Today LIVE | LIC shares off day's low; pre-IPO lock-in on 20% equity ends
State-run life insurance major LIC's shares are down 0.5 per cent at Rs 604.7 apiece on BSE, having recovered about two-thirds of their intraday losses.
A one-and-a-half-year-long pre-IPO lock-in on some 20 per cent of the PSU life insurer's equity ended earlier in the day.
Goldman Sachs has maintained its 'neutral' rating on LIC and reduced its price target for the stock to Rs 660 from Rs 680.
Share Market Today LIVE | Coal India shares hit 52-week high after dry fuel behemoth stages stellar Q2 performance
State-run coal producer Coal India Ltd (CIL) remains in high demand on Dalal Street, with its shares rising by as much as Rs 17, or 5.1 per cent, to Rs 348.7 apiece on BSE, surpassing an existing 52-week high of Rs 263.3 scaled in November last year.
Share Market Today LIVE | Grasim, Manappuram Finance to report their financial results today
Companies such as Grasim, Manappuram Finance and Narayana Hrudayalaya are scheduled to report their quarterly numbers today.
Share Market Today LIVE | PVR-INOX shares under pressure
PVR-INOX shares remain under pressure after starting the day on a weak note. The stock declines by as much as Rs 48.9, or 2.9 per cent, to Rs 1,618.2 apiece on BSE.
According to Zee Business research, the Salman Khan- and Katrina Kaif-starrer Tiger 3 registered gross box office collections of more than Rs 40 crore on the first day.
Share Market Today LIVE | ONGC shares off day's low; here's how brokerages view the stock after company's Q2 results
ONGC shares are left with an intraday cut of 0.4 per cent at Rs 196.1 apiece on BSE, having recovered much of its day's losses. Earlier in the day, the stock of the oil & gas major declined as much as 1.3 per cent to Rs 194.2 apiece.
While CLSA and Citi maintained a 'buy' call each on ONGC, they raised their targets for the stock to Rs 240 from Rs 225, and to Rs 230 from Rs 195 after the oil & gas firm's earnings announcement post-market hours on Friday.
Share Market Today LIVE | Nifty50 drops 111 pts to 19,415
The benchmark Nifty50 index slips to as low as 19,414.8, down 110.8 points, or 0.6 per cent, from its previous close, amid worsening selling pressure in financial and IT names.
Here's a look at the heatmap in the 50-scrip basket at this hour:
Image: NSEIndia.com
Share Market Today LIVE | Coal India shares zoom after Jefferies upgrades to 'buy' from 'hold'
Coal India shares gain by as much as Rs 15.7, or 4.7 per cent, to Rs 347.5 apiece on NSE, after Jefferies upgrades the stock of the state-run coal mining major to 'buy' from 'hold' and raises its target for the stock to Rs 385 from Rs 240.
CLSA, however, downgrades Coal India from 'buy' to 'accumulate' though with a raised target of Rs 330, instead of the Rs 270 earlier.
Citi maintains a 'neutral' call on Coal India and raises its target for the mining giant's stock to Rs 320 from Rs 260.
Share Market Today LIVE | BSE, CDSL shares rise as Morgan Stanley sees Sensex reaching 74,000 till December 2024
BSE shares gain by as much as Rs 147.9, or seven per cent, to Rs 2,273.9 apiece, and the CDSL stock by Rs 62.1, or 3.4 per cent, to Rs 1,897 apiece on NSE.
BSE reported a strong set of quarterly numbers on Friday, with a 3.5 times year-on-year jump in net profit and 54 per cent growth in revenue for the fiscal second quarter.
The exchange's margin improved in a big way, to reach 52.3 per cent in Q2, from 21.3 per cent a year ago.
Share Market Today LIVE | Expect a strong upmove in Shipping Corporation shares this week, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking expects momentum in Shipping Corporation of India (SCI) shares to continue in the week ahead. He suggests buying SCI shares for short-term targets of Rs 140 and Rs 144 with a stop loss at Rs 129.