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Sept 1, 2023 3:56 PM
Market At Close | Geojit 's Vinod Nair On Market
"Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks. The positive opening in global markets provided additional momentum for investor sentiment, particularly as US PCE inflation aligned with expectations," says Vinod Nair, Head of Research at Geojit Financial Services.
Sept 1, 2023 3:53 PM
Market At Close | Friday Surge Helps Sensex, Nifty 50 Snap 5-Week Losing Streak
- Sensex and Nifty up one percent each.
- Midcap outperformance continues with Midcap index gaining three percent this week.
- Nifty Bank manages to post minor gains this week, Nifty Bank up 0.3 percent.
- Metal and auto stocks are amongst top gainers this week
- Maruti, Tata Steel, NTPC, Hindalco, M&M are top Nifty gainers
- DRL, RIL, HUL, Adani Ent, BPCL and Divi’s Lab are top Nifty losers
- BHEL, MCX, Voda Idea, Hind Copper, Indiabulls Housing are top midcap gainers
- Torrent Pharma, PFC, HPCL, Astral and Union Bank are top Midcap losers
Sept 1, 2023 3:49 PM
Market At Close | Nifty 50, Sensex Close Sharply Higher, Post Best Single-Day Performance Since June 30
- Frontline indices rise one percent each with auto and metal stocks being top gainers.
- Financials see a buying in Friday’s session too, ICICI and Axis top Nifty contributors.
- Sensex rises 556 points to 65,387 and Nifty 182 points to 19,435.
- Nifty Bank gains 447 points to 44,436 and Midcap index 327 points to 39,446.
- Power stocks surge on an increased demand, ntpc, power grid, tata power top gainers.
- BHEL extends gaining streak, hits fresh 52-week high, up 29 percent this week.
- Vodafone Idea surges to 17-month high, is back above Rs 10/share Indus Towers gain too.
- MCX surges to hits three-year high as company tests new software platform.
- NMDC, Coal India gain in Friday’s session following strong monthly update.
- Auto companies report monthly largely above estimates, Maruti gains three percent to record high
- Torrent pharma remains under pressure on cipla stake reports, stock falls three percent.
- Astral and HDFC AMC slip after MSCI revision, down 2-4 percent.
- Market breadth favours advances, advance-decline ratio at 3:.2
Sept 1, 2023 3:33 PM
Stock Market LIVE Updates | TVS Reports August Auto Sales Numbers
Sept 1, 2023 3:25 PM
Stock Market LIVE Update | Hem Securities' Astha Jain On Wipro
"We are recommending hold on this stock with a price target of around Rs 450 at initial level. In the long-term, I think the way the Wipro has presented number in Q1 for FY24, I think that will be a good story for the long-term also, that's why we are recommending hold on this stock. Also the price target is set around to be Rs 450 the initial level and maybe it is subject to further upgrades in case if Q2 FY24 will be a strong quarter for the company that only the result will show," says Astha Jain, Hem Securities.
Sept 1, 2023 3:16 PM
Stock Market LIVE Updates | Buzzing Stock: Indian Hotel Recovers From Lows
Sept 1, 2023 3:06 PM
Stock Market LIVE Updates | Ashok Leyland August Auto Sales Numbers Are In
The automaker recorded total sales of 15,576 units in August
Catch LIVE updates on the August auto sales here
Sept 1, 2023 2:56 PM
Stock Market LIVE Updates | Mahindra Logistics Collaborates With Flipkart For Integrated Haul Solutions
Sept 1, 2023 2:47 PM
Stock Market LIVE Updates | GAIL Shares Snap Three-Day Losing Streak
GAIL shares have snapped their three-day losing streak and are up 5.7 percent today.
The stock has gained 4.8 percent in the past month and is up 25.63 percent this year, so far.
Sept 1, 2023 2:44 PM
Stock Market LIVE Updates | Coal India August Production Up 13.2 percent
Sept 1, 2023 2:41 PM
Stock Market LIVE Updates | Nifty Auto Index Hits Record High
The index hit its record high, led by surge in auto stocks amid the August auto sales numbers.
You can check the LIVE updates on the auto sales here
Sept 1, 2023 2:21 PM
Stock Market LIVE Updates | Top Stocks To Buy/Sell
- Buy Hindalco for a target of Rs 490 with a stop loss of Rs 465
- Buy HDFC Life for a target of Rs 665 with a stop loss of Rs 632
Sept 1, 2023 2:18 PM
Stock Market LIVE Updates | Century Plyboards Says Gabon Subsidiary's Plant Partially Affected Due To Political Turmoil
Shares of Century Plyboards are up 1.4 percent today, extending gains, after a day's lapse. The stock has been in the green for six out of the last seven trading sessions. The stock has gained 36.7 percent in the last six months.
The company informed the stock exchanges today that the manufacturing operations of its subsidiary Century Gabon SUARL was partially impacted because of the ongoing political turmoil in Gabon, South Africa. The country witnessed a coup this week.
The company said the plant was shut down on August 31 and normal operations were restored the following day.
It says in view of the present situation, it does not see any significant impact of the situation on the financial performance of the subsidiary. It expects the situation to be normal within a few days.
Sept 1, 2023 2:09 PM
Stock Market LIVE Updates | Tata Motors August Auto Sales Overview
To read more and get LIVE updates on the August auto sales, check here.
Sept 1, 2023 1:53 PM
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