Share Market HIGHLIGHTS: Sensex settles 330 pts higher, Nifty ends at 19,141; BPCL, ONGC among top blue-chip gainers, rise up to 3%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Monday, October 30, settled in the green for the second consecutive session amid gains in Reliance Industries Limited, BPCL, and ONGC. Banks, financial services, information technology (IT), metal, pharma, realty, and oil & gas counters extended support to the headline indices.
At close, the S&P BSE Sensex was up 329.85 points, or 0.52 per cent, at 64,112.65, and the NSE Nifty closed at 93.65 points, or 0.49 per cent, at 19.140.9. The Nifty Mid Cap 100 and Small Cap 100 ended in positive territory. High-beta Nifty Bank closed 0.6 per cent higher at 43,039.15.
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 on Monday, October 30, settled in the green for the second consecutive session amid gains in Reliance Industries Limited, BPCL, and ONGC. Banks, financial services, information technology (IT), metal, pharma, realty, and oil & gas counters extended support to the headline indices.
At close, the S&P BSE Sensex was up 329.85 points, or 0.52 per cent, at 64,112.65, and the NSE Nifty closed at 93.65 points, or 0.49 per cent, at 19.140.9. The Nifty Mid Cap 100 and Small Cap 100 ended in positive territory. High-beta Nifty Bank closed 0.6 per cent higher at 43,039.15.
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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Nifty could stay in 19,229-19,041 band for near term: HDFC Securities' Deepak Jasani
"Asia-Pacific markets started the week mixed ahead of key economic data like monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong... European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates. Israel's push into Gaza stirred fears of a wider conflict," says Deepak Jasani of HDFC Securities.
The Nifty could now inch upwards but needs a volume boost to sustain the rise, he adds.
Nifty's short-term trend continues to be positive with rangebound action: HDFC Securities' Nagaraj Shetti
Nagaraj Shetti of HDFC Securities believes the bounce in the Nifty is expected to continue for the short term. "The immediate hurdles to be watched out for are around 19,250 and 19,450 levels in the near term. Immediate support is at 19,050," he says.
Share Market HIGHLIGHTS | Sensex settles 330 pts higher, Nifty ends at 19,141
Nifty 50
Nifty ends at 19,141, up 0.49 per cent.
Source: NSE
Sensex
Sensex settles 330 points higher, up 0.52 per cent.
Source: BSE
Share Market HIGHLIGHTS | BPCL, ONGC rise most in 50-scrip blue-chip basket
BPCL, UltraTech Cement, ONGC and RIL are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, UPL, Tata Motors, Maruti Suzuki and Axis Bank are among the top losers, down nearly 4-1 per cent.
Source: NSE
Share Market Today LIVE | Buy 5paisa Capital, Delhivery shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart is positive on 5paisa Capital shares, citing the company’s growth prospects given its robust client base. He has placed his target for the stock at Rs 465 with a stop loss at Rs 430. Sethi also likes Delhivery, a stock he recommends buying for a target of Rs 440 with a stop loss at Rs 410.
Nifty Today LIVE | RIL, HDFC Bank, ICICI Bank among top movers in Nifty 50
RIL, HDFC Bank, ICICI Bank and L&T are the top movers in the Nifty baskets at this hour. On the contrary, Axis Bank, ITC, Infy and Tata Motors 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 | Why Siddharth Sedani is bullish on NBCC
Siddharth Sedani of Anand Rathi Shares & Stock Brokers recommends buying NBCC shares for a short-term target of Rs 70 and a positional target of Rs 88. He is positive on the real estate company owing to its:
- Strong order book
- Management expects revenue to improve significantly in H2
Share Market Today LIVE | Buy BHEL shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking expects a strong move up ahead in BHEL, a stock that offers a favourable risk reward on the buy side at the current juncture.
He recommends buying BHEL shares at the current levels for the levels of Rs 124 and Rs 127 expected this week with a stop loss at Rs 117.
Share Market Today LIVE | Buy GNFC, Federal Bank shares, says Nirav Harish Chheda
Nirav Harish Chheda of Nirmal Bang Securities shares two trading calls with Zee Business viewers:
- Buy GNFC shares for targets of Rs 725-730 with a stop loss at Rs 678-680
- Buy Federal Bank shares for a target of Rs 155 with a stop loss at Rs 135
Share Market Today LIVE | Navin Fluorine, UPL, other stocks hit 52-week highs
As many as four stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
| Stock | CMP | 52 Weeks Low | Previous 52 Weeks Low(Price/Date) | All Time Low(Price/Date) |
| NAVINFLUOR | 3,388.85 | 3,358.00 | 3,405.50 (27 Oct 2023) | 30 (30 Sep 2003) |
| POLYPLEX | 1,019.75 | 1,014.15 | 1,024.90 (26 Oct 2023) | 6 (11 Feb 1991) |
| UPL | 556.4 | 554.1 | 556.40 (27 Oct 2023) | 1.7 (23 Oct 2001) |
| VMART | 1,678.00 | 1,675.00 | 1,720.05 (26 Oct 2023) | 104 (04 Jun 2013) |
Share Market Today LIVE | Nifty Auto trades over 150 pts lower
Source: NSE
Share Market Today LIVE | Nifty Bank edges higher
Source: NSE
Stocks to Buy | L&T, Axis Bank, ONGC, Power Grid among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Sumeet Bagadia, Sandeep Jain and Mehul Kothari share their top stock recommendations in this special segment, Pick of the Week. On the analysts' 'buy' list are stocks such as Can Fin Homes, Larsen & Toubro (L&T), Colgate-Palmolive (India), Gabriel India, Power Grid Corporation, ONGC, Axis Bank and GAIL. Read more
Share Market Today LIVE | Maruti Suzuki India slips despite strong Q2 nos; here is what brokerages suggest
Maruti Suzuki India (MSIL) stock gives up initial gains to slip as much as over 2 per cent on the NSE. India's leading car manufacturer reported its earnings for the quarter ended September 30, 2023, on Friday, October 27, during market hours, beating analysts' estimates by a big margin.
Maruti Suzuki India share price target: Here's what brokerages make of Maruti Suzuki India's Q2 earnings announcement
Morgan Stanley has maintained an overweight rating on Maruti Suzuki India. The global brokerage has raised the target to Rs 12,304 from Rs 11,963, translating an upside of over 16 per cent from the counter's previous close.
It said that upgrades to consensus earnings, rising market share, and gradual first-time buyer recovery keep the brokerage overweight on the stock. In addition, Citi has maintained a buy stance on the counter. The brokerage has raised the target to Rs 14,500 from Rs 13,600, which means an upside of over 37 per cent from the previous close.
"Strong beat driven by positive mix and lower cost pressures; increase EBIT estimated by 4–13 per cent over FY24–26E to reflect higher ASPs and margins, the global brokerage added in its note. Read more