Share Market HIGHLIGHTS: Sensex ends 595 pts higher, Nifty50 reclaims 19,400 as bulls remain in charge for third straight day; Divi's Labs soars 5%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a third straight session on Monday, mirroring positive signals from global markets as investors priced in earlier interest rate cuts in the US and Europe than anticipated previously.
Catch all the highlights of the November 6 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, trade recommendations and much more, only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a third straight session on Monday, mirroring positive signals from global markets as investors priced in earlier interest rate cuts in the US and Europe than anticipated previously.
Catch all the highlights of the November 6 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, trade recommendations and much more, only on Zeebiz.com's blog:
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Domestic market largely mirroring rebound on Wall Street, looks set to test hurdle at 19,500: Religare Broking's Ajit Mishra
Ajit Mishra of Religare Broking is of the view that the sustainability of the positive tone on the global front combined with improved participation from the banking pack would be critical to watch for Dalal Street.
"Meanwhile, we maintain our view to stay focused on stock selection," he adds.
Immediate support for Nifty at 19,320: HDFC Securities' Nagaraj Shetti
Nagaraj Shetti of HDFC Securities expects immediate support for the Nifty50 at 19,320. "A reasonable bull candle was formed on the daily chart with minor upper and lower shadows. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 level on October 26," he says.
"The immediate resistance of 18,250 has been taken out sharply on the upside on Monday and the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term," Shetti adds.
Share Market Highlights | Broader indices continue to rise, up around 1%
Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finish the day 0.9 per cent and 1.4 per cent stronger, a third straight higher close for both in tandem with the overall trend in the market.
Closing Bell | Market breadth remains in favour of bulls
Overall market breadth remains extremely positive on BSE, with an advance-decline ratio of 9:5 as 2,452 stocks finished higher while 1,336 declined for the day.
Closing Bell | 45 Nifty stocks finish stronger; Divi's, Eicher, Hero MotoCorp, Axis Bank, L&T top blue-chip gainers
As many as 45 stocks in the 50-scrip blue-chip basket finish the day higher, with Divi's, Eicher Motors, Hero MotoCorp, Axis Bank, Larsen & Toubro, Tata Steel, Bajaj Finance, PowerGrid, Asian Paints and Hindalco, rising between 1.7 per cent and 5. per cent, being the top gainers. On the other hand, SBI, HUL, Cipla, Tata Motors and Titan, declining between 0.1 per cent and 0.7 per cent for the day, are the top laggards.
Closing Bell | Sensex, Nifty end stronger for third day in a row
Both headline indices finish the day with gains to the tune of around one per cent each. The Sensex adds 594.9 pts for the day to end at 64,958.7, and the Nifty settles with a gain of 183.1 pts at 19,413.7.
Here's how the indices moved through the day:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
Share Market Today LIVE | Sensex surges nearly 600 pts, Nifty trades above 19,400
Share Market Today LIVE | MCX, DLF, Zomato, 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) |
| AIAENG | 3,649.80 | 3,840.45 | 3,824.75 (11 Sep 2023) | 3,840.45 (06 Nov 2023) |
| AMBER | 3,298.75 | 3,314.95 | 3,150.00 (03 Nov 2023) | 4,023.65 (02 May 2022) |
| ANGELONE | 2,684.30 | 2,900.00 | 2,850.00 (03 Nov 2023) | 2,900.00 (06 Nov 2023) |
| BLUESTARCO | 967.95 | 992 | 979.95 (03 Nov 2023) | 1,554.40 (14 Jun 2023) |
| BRIGADE | 686.8 | 718.7 | 674.85 (03 Nov 2023) | 718.70 (06 Nov 2023) |
| BSOFT | 597.2 | 600.1 | 593.00 (03 Nov 2023) | 740.00 (02 Jan 2007) |
| CRISIL | 4,360.00 | 4,399.00 | 4,283.00 (20 Oct 2023) | 9,031.95 (27 Jul 2011) |
| DLF | 591.75 | 604.55 | 599.75 (03 Nov 2023) | 1,225.00 (15 Jan 2008) |
| ESABINDIA | 6,279.55 | 6,299.75 | 6,054.10 (03 Nov 2023) | 6,299.75 (06 Nov 2023) |
| GILLETTE | 6,290.75 | 6,429.90 | 6,419.20 (15 Sep 2023) | 8,200.00 (29 Oct 2019) |
| GODREJPROP | 1,817.60 | 1,836.25 | 1,804.30 (03 Nov 2023) | 2,598.00 (14 Oct 2021) |
| KALYANKJIL | 319.7 | 324.35 | 309.85 (18 Oct 2023) | 324.35 (06 Nov 2023) |
| L&TFH | 142.5 | 144.35 | 142.50 (03 Nov 2023) | 213.60 (24 Oct 2017) |
| LALPATHLAB | 2,643.20 | 2,646.15 | 2,639.20 (07 Nov 2022) | 4,243.00 (15 Sep 2021) |
| LODHA | 860.95 | 879.9 | 868.50 (02 Nov 2023) | 1,538.65 (01 Dec 2021) |
| MCX | 2,568.05 | 2,584.25 | 2,574.70 (03 Nov 2023) | 2,584.25 (06 Nov 2023) |
| NAM-INDIA | 404.6 | 406.8 | 397.80 (16 Oct 2023) | 476.50 (19 Oct 2021) |
| OBEROIRLTY | 1,247.20 | 1,250.95 | 1,239.75 (03 Nov 2023) | 1,250.95 (06 Nov 2023) |
| ONGC | 193.4 | 194.1 | 192.25 (29 Sep 2023) | 1,514.00 (10 May 2006) |
| PERSISTENT | 6,260.00 | 6,346.90 | 6,318.20 (03 Nov 2023) | 6,346.90 (06 Nov 2023) |
| PFC | 260.55 | 264.6 | 262.80 (03 Nov 2023) | 383.00 (14 Oct 2010) |
| PHOENIXLTD | 2,047.60 | 2,086.00 | 2,059.00 (13 Oct 2023) | 37,536.25 (21 Sep 2005) |
| PRSMJOHNSN | 148.15 | 149 | 147.60 (03 Nov 2023) | 160.00 (17 Jan 2022) |
| SANOFI | 7,681.10 | 7,711.55 | 7,639.00 (03 Nov 2023) | 9,300.00 (10 Aug 2021) |
| SHRIRAMFIN | 1,989.10 | 2,049.95 | 2,028.20 (03 Nov 2023) | 2,049.95 (06 Nov 2023) |
| SOBHA | 788.5 | 801 | 785.65 (16 Oct 2023) | 1,179.00 (20 Dec 2006) |
| SOLARINDS | 5,590.15 | 5,699.60 | 5,678.90 (01 Nov 2023) | 5,699.60 (06 Nov 2023) |
| SONATSOFTW | 1,249.35 | 1,250.00 | 1,232.85 (03 Nov 2023) | 2,936.60 (16 Feb 2000) |
| SUZLON | 36.16 | 36.16 | 34.44 (03 Nov 2023) | 2,300.00 (09 Jan 2008) |
| TATACOFFEE | 267.95 | 270.6 | 269.50 (03 Nov 2023) | 1,675.00 (08 May 2013) |
| WELCORP | 447.5 | 461.9 | 457.55 (17 Oct 2023) | 537.70 (17 Jan 2008) |
| ZOMATO | 122.9 | 123.9 | 120.00 (03 Nov 2023) | 169.10 (16 Nov 2021) |
Share Market Today LIVE | Sensex surges over 500 pts, Nifty near 19,400; all sectors gain
Nifty 50
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | Protean eGov Technologies IPO gets subcribed 0.6 times so far on Day 1
On Monday (Day 1), Protean eGov Technologies IPO's share sale has received bids for 26,32,428 crore shares against 43,78,700 shares on offer. Overall, the public issue was subscribed 60 per cent until the time of filing this report. Read more on Protean eGov Technologies IPO
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | Nil |
| Non-institutional investors | 0.76 |
| Retail investors | 0.91 |
| Overall | 0.6 |
| Source: Exchange data |
|
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Shares of JK Cement, one of the leading manufacturers of grey cement in India, trades 8.52 per cent higher at Rs 3,398.5 on NSE after the company posted its July to September quarter (Q2 FY24) results, which were better than estimates.
Anil Singhvi's view
Zee Business Managing Editor Anil Singhvi has recommended buying shares of JK Cement on the back of strong margins and operational performance. He has given various targets of Rs 3,190, Rs 3,225, and Rs 3,240 apiece, with a stop loss of Rs 3,100 apiece.
Brokerage view
Jefferies has maintained a 'hold' on JK Cement shares with a target of Rs 3,310 apiece. Read more
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Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,225-192,75 levels and a strong buy zone at 19,125-19,175 levels on Monday, November 6. For the Nifty Bank, he expects support at 43,225-43,325 levels and a strong buy zone at 43,025-43,150 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | PB Fintech shares gain over 4% as Q2 loss narrows to Rs 21 crore
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