Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 70 points; Nifty above 22,000
09:03:08 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | INVESTEC ON ASIAN PAINTS
• Maintain Sell; cut target price to Rs 2,660 from Rs 2,755
• Another cut to our below consensus EPS
• Expect mix impact to remain sharply negative
• Market share gain by new entrant to moderate topline growth for Asian
• Expect FY26 EPS to be lower than that of FY24
Source: ET NOW
09:02:39 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | INVESTEC ON SAPPHIRE
- Initiate Buy with target price of Rs 1,666
- Strong moat in its largest brand
- Pizza Hut salience reducing
- Margin expansion to resume in FY25E
- Valuation is at the lower end of the listed QSR band
- Provides a re-rating opportunity given its strong growth outlook
- Expect 22%/29% revenue and EBITDA CAGR over FY24-26
- Source: ET NOW
09:02:24 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | MACQUARIE ON ESCORTS
- Upgrade to Outperform from Neutral; hike target price to Rs 3,880 from Rs 2,960
- FY25E should see domestic tractor demand recovery
- Management expects exports to pick up in FY25
- Expect margin improvement to 13.6% in FY25
- Source: ET NOW
09:02:15 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CITI ON HPCL
• Maintain Buy; cut target price to Rs 630 from Rs 635
• Q4: Refining-Led Miss; retain Buy on Positive Outlook
• GRMs were surprisingly down by $1.5/bbl, though this was partially offset by better- 500 than-expected marketing performance
• Would view any sustained price weakness as a buying opportunity
Source: ET NOW
09:00:56 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CLSA ON ASIAN PAINTS
• Maintain Sell; cut target price to Rs 2,337 from Rs 2,410
• Top-line growth in negative territory; Contraction in margins
• All eyes on competitive activity in the sector
• Value growth will likely continue to lag volume growth due to price cuts taken in FY24
Source: ET NOW
09:02:45 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | CLSA ON SULA
• Downgrade to Underperform from Buy; cut target price to Rs 515 from Rs 819
• Key markets impact growth
• Margins disappoint due to higher other expenses
• 54% WIPS dues received from the government
Source: ET NOW
08:58:15 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | JPMORGAN ON SBI
• Maintain Overweight; hike target price to Rs 1,000 from Rs 725
• FY24 print shows that the growth and ROE gap to private banks has closed out
• Expect a similar dynamic to sustain this year as well
• Positioning is enviable with a growth pick up in corporate loans, low pressure on opex, and a favorable asset quality environment
• Despite potentially lower recovery income in FY25, we think the bank can continue to print 1%+ ROA
Source: ET NOW
08:55:18 AM IST, 10 May 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
Gains in overseas markets are likely to help local benchmark indices register gains in early trades Friday after yesterday’s sharp sell off. However, caution would be the buzzword amid pre-election jitters and intra-day volatility could continue as the election phase gathers momentum. Another worrying factor has been the pace at which FIIs have been deserting Indian equities in the current month so far, which has been making local investors nervous. With inflation in the US staying high, and the American central bank hinting that it is in no hurry to cut rates, FIIs are pulling money out of emerging markets such as India. Nifty’s technical landscape also suddenly looks treacherous again as it is now way below its 21-DMA and 50-DMA with probable double top pattern on the daily charts. The line in the sand is at Nifty’s make or break support at 21710 mark.
08:10:24 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with IRB Infra, IGL and Dr Reddy’s?
Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy’s, whose shares declined 2.8%.
08:10:42 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Asia stocks rally on renewed global rate cut optimism
Asian stocks advanced on Friday, heading for a third consecutive week of gains, while the dollar remained under pressure due to new indications of a softening U.S. labor market. This bolstered optimism regarding potential interest rate cuts later this year, especially in anticipation of next week’s pivotal inflation data.
08:00:21 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Gold set for weekly gain on US rate-cut hopes
Gold prices edged higher on Friday, poised for a weekly increase, as recent economic indicators led traders to increase their expectations of a Federal Reserve interest rate cut later in the year.
07:58:28 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Oil prices up on stronger Chinese data, Middle East conflict
Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results.Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.
07:58:38 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Dollar nurses losses after another set of soft jobs data
07:50:41 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Stocks in news: Tata Motors, Bank of Baroda, Cipla, BPCL, Manappuram Finance
In today’s trade, shares of Tata Motors, Bank of Baroda, Cipla, BPCL, Manappuram Finance among others will be in focus due to various news developments and quarterly earnings.
07:49:47 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Stock Radar: Consumption stocks on radar! ITC eyeing breakout above 200-DMA
ITC, operating within the diversified FMCG sector, has remained relatively stagnant thus far this year. However, there are signs indicating that it has established a robust foundation above the 400 level.
07:26:16 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Tata Motors, Bank of Baroda, Cipla and a slew of other companies will announce their fourth quarter results today.
07:25:37 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action
On Thursday, Indian shares faced a decline primarily led by L&T, following the company’s disappointing revenue outlook. Concurrently, escalating volatility persisted amidst concerns surrounding the ongoing national elections’ outcome.The prominent NSE Nifty 50 dipped by 1.55% to reach 21,957 points, whereas the S&P BSE Sensex experienced a 1.45% decline, closing at 72,404 points. This marked the benchmarks’ most significant downturn since January 23.
07:26:27 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Market Trading Guide: Infosys, Tata Motors among 5 stock recommendations
On Thursday, the Indian headline indices witnessed a sharp decline driven by widespread selling pressure. The S&P BSE Sensex plunged by 1,130 points, hitting a low of 72,334.18 for the day. Similarly, the broader Nifty50 dropped by 370 points, falling below the crucial 22,000 mark. 5 stock recommendations include Godfrey Phillips, Infosys, Data Patterns, KEI Industries and Tata Motors.
07:25:17 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 55.5 points, or 0.25 per cent, at 22,144.50, signaling that Dalal Street was headed for positive start on Friday.
07:25:29 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Rupee settles 4 paise higher at 83.48 against US dollar
The rupee recovered 4 paise to settle at 83.48 against the US dollar on Thursday on the back of a weak American currency against major rivals overseas.
07:26:39 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty may stage minor pullback
Thursday’s Nifty closure saw a weakening of 345 points as the index breached both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) near the 22,150 level. The daily chart exhibited the formation of a lengthy negative candle.
07:25:41 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday
On Thursday, major Indian stock indices saw a significant downturn amid widespread selling pressure. The S&P BSE Sensex plummeted by 1,130 points, hitting a daily low of 72,334.18. Meanwhile, the broader Nifty50 experienced a decline of 370 points, dipping below the 22,000 mark during intraday trading for the first time since April 19.
07:55:47 AM IST, 10 May 2024
Sensex Today | Stock Market LIVE Updates: Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes
The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.
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