Share Market HIGHLIGHTS: Nifty slips to 19,732, Sensex settles 116 pts lower, falls for 3rd day dragged by financial stocks
Share Market HIGHLIGHTS: Geopolitical tensions continued to weigh on investor sentiment as domestic equities settled in negative territory for the third straight day on Monday, October 16. At close, the S&P BSE Sensex stood at 66,166.93 levels, down 116 points, or 0.17 per cent while the NSE's Nifty ended at 19,731.75, down 19 points, or 0.1 per cent. On the sectoral front, metal stocks gained the most. The S&P BSE METAL index rallied 1.37 per cent. Consumer durable stocks also gained in the trade.
In the broader market, the S&P BSE MidCap index rose 0.25 per cent while the S&P BSE SmallCap index ended 0.34 per cent higher.
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: Geopolitical tensions continued to weigh on investor sentiment as domestic equities settled in negative territory for the third straight day on Monday, October 16. At close, the S&P BSE Sensex stood at 66,166.93 levels, down 116 points, or 0.17 per cent while the NSE's Nifty ended at 19,731.75, down 19 points, or 0.1 per cent. On the sectoral front, metal stocks gained the most. The S&P BSE METAL index rallied 1.37 per cent. Consumer durable stocks also gained in the trade.
In the broader market, the S&P BSE MidCap index rose 0.25 per cent while the S&P BSE SmallCap index ended 0.34 per cent higher.
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 | Nifty slips to 19,732, Sensex settles 116 pts lower, falls for 3rd day
Nifty 50
Nifty slips to 19,732, down 0.1 per cent.
Source: NSE
Sensex
Sensex settles 116 points lower at 66,167.
Source: BSE
Share Market HIGHLIGHTS | Divi's, Nestle, TCS among to losers in Nifty 50
Divi's, Nestle, TCS and IndusInd Bank are among the top losers, down around 1-2 per cent in the Nifty basket. On the other hand, Hero MotoCorp, JSW Steel, Tata Steel and LTIMindtree are among the top gainers, trading with gains of around 1-2 per cent.
Source: NSE
Share Market Today LIVE | Coal India, Federal Bank, Lupin, other stocks hit 52-week highs
As many as 40 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) |
| COALINDIA | 311.5 | 313.7 | 310.75 (13 Oct 2023) | 447.25 (05 Aug 2015) |
| CSBBANK | 365.2 | 365.2 | 363.10 (09 Oct 2023) | 372.95 (05 Jul 2021) |
| DIXON | 5,386.20 | 5,412.35 | 5,379.85 (28 Sep 2023) | 21,500.00 (15 Mar 2021) |
| FEDERALBNK | 148.75 | 152.55 | 152.25 (03 Oct 2023) | 550.75 (02 Jan 2013) |
| GAEL | 379.65 | 387.7 | 374.85 (12 Oct 2023) | 393.85 (19 Apr 2022) |
| GESHIP | 879.5 | 919.45 | 906.95 (27 Sep 2023) | 919.45 (16 Oct 2023) |
| GSFC | 205.45 | 214.25 | 193.40 (06 Sep 2023) | 575.00 (02 Apr 1992) |
| IIFL | 672.5 | 704.2 | 648.00 (13 Oct 2023) | 1,974.90 (01 Jan 2008) |
| IPCALAB | 964.2 | 970 | 962.35 (11 Oct 2023) | 2,767.10 (15 Sep 2021) |
| ITI | 290.5 | 296.3 | 271.10 (13 Oct 2023) | 296.30 (16 Oct 2023) |
| KALYANKJIL | 283.9 | 288.95 | 277.50 (12 Oct 2023) | 288.95 (16 Oct 2023) |
| KIOCL | 397 | 397 | 357.85 (21 Sep 2023) | 506.45 (14 Nov 2017) |
| KPIL | 692.6 | 709 | 687.85 (05 Sep 2023) | 2,119.95 (05 Apr 2006) |
| LUPIN | 1,198.80 | 1,201.10 | 1,192.50 (12 Oct 2023) | 2,127.00 (06 Oct 2015) |
| MAHSCOOTER | 8,019.30 | 8,220.00 | 8,138.95 (26 Sep 2023) | 8,220.00 (16 Oct 2023) |
| MARUTI | 10,704.00 | 10,812.40 | 10,747.95 (13 Oct 2023) | 10,812.40 (16 Oct 2023) |
| MCX | 2,195.00 | 2,216.90 | 2,183.85 (11 Oct 2023) | 2,216.90 (16 Oct 2023) |
| MEDANTA | 787.9 | 792.8 | 780.00 (13 Oct 2023) | 792.80 (16 Oct 2023) |
| MMTC | 84.8 | 84.89 | 79.90 (13 Oct 2023) | 56,931.50 (12 Nov 2007) |
| MRPL | 103.3 | 106.7 | 103.40 (04 Oct 2023) | 149.00 (04 Jan 2008) |
| NAM-INDIA | 387.35 | 397.8 | 397.20 (13 Oct 2023) | 476.50 (19 Oct 2021) |
| NBCC | 64.15 | 66.2 | 65.32 (12 Oct 2023) | 1,214.50 (06 Aug 2015) |
| NMDC | 165.15 | 165.75 | 164.00 (13 Oct 2023) | 16,584.10 (06 Nov 2007) |
| OIL | 319.85 | 324.7 | 322.55 (10 Oct 2023) | 1,635.00 (15 Sep 2010) |
| PFC | 251.85 | 258.15 | 255.55 (11 Oct 2023) | 383.00 (14 Oct 2010) |
| POLYCAB | 5,418.15 | 5,446.70 | 5,421.20 (03 Oct 2023) | 5,446.70 (16 Oct 2023) |
| RAMCOCEM | 999.2 | 1,014.85 | 1,004.00 (13 Oct 2023) | 13,500.00 (25 Apr 1996) |
| RECLTD | 293.9 | 299.1 | 296.90 (13 Oct 2023) | 409.50 (11 Oct 2010) |
| SHREECEM | 26,665.70 | 27,284.85 | 27,100.00 (15 Sep 2023) | 32,050.00 (09 Apr 2021) |
| SOBHA | 780.05 | 785.65 | 772.20 (10 Oct 2023) | 1,179.00 (20 Dec 2006) |
| SOLARINDS | 5,257.00 | 5,439.90 | 5,420.00 (12 Oct 2023) | 5,439.90 (16 Oct 2023) |
| SPLPETRO | 556.25 | 576.9 | 547.65 (12 Oct 2023) | 1,027.05 (28 Mar 2022) |
| STARCEMENT | 174.7 | 176.55 | 169.95 (07 Aug 2023) | 176.55 (16 Oct 2023) |
| SUNTECK | 475.45 | 485.95 | 482.00 (11 Oct 2023) | 2,955.00 (08 Oct 2009) |
| SUNTV | 642.15 | 649.35 | 645.25 (13 Oct 2023) | 1,849.00 (08 Feb 2007) |
| TATAMOTORS | 666 | 677.9 | 669.10 (13 Oct 2023) | 1,381.40 (06 Dec 2010) |
| TATAMTRDVR | 441.7 | 448.55 | 443.85 (15 Sep 2023) | 940.25 (11 Nov 2010) |
| TVSMOTOR | 1,601.95 | 1,616.90 | 1,605.55 (13 Oct 2023) | 1,616.90 (16 Oct 2023) |
| WELCORP | 448.4 | 451.35 | 443.25 (13 Oct 2023) | 537.70 (17 Jan 2008) |
| WELSPUNIND | 129.8 | 132.15 | 129.40 (06 Sep 2023) | 1,007.15 (14 Mar 2016) |
Nifty Today LIVE | Axis Bank, HCL Tech, Infy among top movers
Axis Bank, HCL Tech, Infy and Tata Steel are the top movers in the Nifty baskets at this hour. On the contrary, TCS, HDFC Bank, Kotak Bank and Bharti Airtel are among the top drags.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Tips LIVE | Buy Rain Ind, Ramco Ind shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Rain Ind shares for a target of Rs 180 with a stop loss at Rs 160. Besides, he recommends buying Ramco Ind shares for a target of Rs 200 with a stop loss at Rs 178.
Share Market Today LIVE | Tata Motors shares zoom to fresh peak; what is driving the Tata group stock?
Tata Motors shares scale a fresh 52 week of Rs 677.8, rising for the fifth session in a row after the Tata group company signed a share purchase pact to offload 9.9 per cent in its initial public offer (IPO)-bound subsidiary Tata Technologies for about Rs 1,613.7 crore. Read more
Share Market Today LIVE | SpiceJet shares tank 11%
Shares of airline SpiceJet tank over 11 per cent to the day's low of Rs 38.72 on BSE. The counter trades at 3.2 per cent lower at Rs 40.4 on BSE.
Here's how the counter has moved so far on Monday:
Source: NSE
Share Market Today LIVE | Nifty Bank trades flat, down 0.06%
Source: NSE
Federal Bank Q2 Results | Standalone net profit jumps 35.5% to Rs 953.8 crore, NII up 16.7% at Rs 2,056.4 crore
The Kochi-based private sector lender reports a net profit of Rs 953.8 crore for the quarter ended September 30, as against a net profit of Rs 703.7 crore for the corresponding period a year ago.
Its net interest income, or the difference between the interest earned and the interest paid, increases 16.7 per cent on a year-on-year basis to Rs 2,056.4 crore, according to a regulatory filing.
The Federal Bank stock adds on to the day's gains after the earnings announcement, scaling a 52-week high on BSE. The stock strengthens by as much as Rs 3.1, or two per cent, to Rs 152.6 apiece on the bourse, surpassing an existing 52-week peak registered on October 3.
Image: BSE
The earnings beat analysts' estimates. According to Zee Business research, the bank's quarter net profit was estimated at Rs 840 crore and NII at Rs 2,000 crore.
Share Market Today LIVE | Federal Bank reports 35.5% YoY rise in Q2 net profit to Rs 954 crore
Shares of Federal Bank trade at Rs 147.2, up 1.54 per cent or Rs 2.3 on the BSE after the bank reported a 35.5 per cent year-on-year (YoY) increase in its standalone net profit at Rs 953.82 crore for the quarter ended September 30, 2023 (Q2FY24). In the year-ago period, the figure stood at Rs 703.71 crore. The total income of the lender came in at Rs 6,185.7 crore, up 33.5 per cent against Rs 4,630.3 crore in the corresponding quarter of the previous fiscal. Read more
Share Market Today LIVE | HDFC Bank shares edge lower ahead of Q2 results; here is what to expect
HDFC Bank shares trade in the red ahead of its second-quarter results (Q2FY24), due later in the day. The country's largest private sector lender is slated to report its financial results for the July- September period today. The HDFC Bank stock declines by as much as nearly 1 per cent, to hit the day's low of Rs 1,520.5 apiece on BSE, amid declines in domestic equity benchmarks Nifty 50 and Sensex. Read more
Share Market Today LIVE | TCS stock falls after IT giant fires 16 employees in recruitment scam
TCS shares are trading in negative territory on BSE on Monday after the IT giant announced that it had fired 16 of its employees due to their involvement in a recruitment scam. The TCS shares are down 0.81 per cent, or Rs 29, at Rs 3,541.85 on BSE. Read more
Share Market Today LIVE | Som Distilleries & Breweries woos Street with strong Q2 performance; should you buy/sell/hold shares now?
Som Distilleries & Breweries shares are in demand on Monday after the liquor maker reported a strong set of financial numbers. The stock of Som Distilleries & Breweries—trades with the symbol SDBL—gains by as much as Rs 9.1, or 2.6 per cent, to Rs 355.3 apiece on BSE.
Should you buy, sell or hold Som Distilleries & Breweries shares now?
Positive on the liquor maker's growth prospects, Zee Business analyst Ashish Chaturvedi has a 'buy' call on Som Distilleries shares with a price target of Rs 360 and a stop loss at Rs 340. Read more
Share Market Today LIVE | Where are PVR Inox shares heading after multiplex chain launches PVR Inox Passport subscription service
In the first trading session after PVR Inox launched a Rs 699 subscription service called PVR Inox Passport, shares of the multiplex chain are trading higher by 0.3 per cent, or Rs 5.2, at Rs 1,758.05 each, on BSE on Monday (October 16). Read more