Stock Market Live Updates 13 June 2024: Asian markets mixed following Federal Reserve’s interest rate decision

Updated – June 13, 2024 at 08:53 AM.

Sensex, Nifty, Share Prices LIVE: The Indian market is anticipated to open on a positive note leveraging strong IIP numbers and favorable CPI inflation data. According to Nish Bhatt, Founder & CEO of Millwood Kane International, India’s industrial production surged by 5% in April, supported by robust growth in mining and electricity sectors, instilling confidence in the market. Despite easing to a 12-month low of 4.75% in May 2024, CPI inflation remains slightly higher than the previous year. Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers, pointed out that despite lower-than-expected retail inflation, the RBI may not opt for a rate cut in the next six months as inflation remains significantly above the RBI’s target. Additionally, technical analysts such as Hrishikesh Yedve from Asit C. Mehta Investment Intermediates suggested that the Nifty may consolidate in the 23,000–23,500 range in the short term, with potential resistance near 23,700-23,800 levels if it remains above 23,500, while facing support near 23,000 and 22,680 levels. Shrikant Chouhan, Head of Equity Research, Kotak Securities, echoed a similar sentiment, indicating crucial support and resistance zones for short-term traders. Overall, the outlook is cautiously optimistic, with technical analysts foreseeing a range-bound market but with the potential for a bullish breakout if certain key levels are breached.

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Stock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 13th June 2023

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June 13, 2024 08:53

Stock Market Live Today: Sectoral Recommendations: CLSA on Consumer

F&B best way to play rural boost; HPC faces greater urban challenges

Upgrade Nestle to O-P, TP Raised to Rs 2798

Maintain Buy on VBL & O-PF on ITC & Britannia

High competitive intensity in HPC makes it unattractive.
June 13, 2024 08:53

Stock Market Live Today: Sectoral Recommendations: CLSA on Power Sector

India’s power market, set many records in May 2024 with massive power demand growth of 15% YoY, albeit on flat base, with all-time high peak demand of 250GW on 30 May & thermal utilisation rates of 76%, +699bps YoY.

High thermal PLFs, which cannot go much higher, should drive demand for thermal & nuclear PPAs

Believe structural turn in power sector favouring IPPs should benefit relatively inexpensive regulated utilities NTPC, NHPC & CESC.
June 13, 2024 08:51

Stocks To Watch Out for Today: 13 June 2024

Gensol Engineering: Company gets 250 MW battery energy storage project worth Rs 1,340 crore

Bondada Engineering: Company receive an order worth Rs. 939.39 Crore from m/s. NLC India Limited.

Tata Power: Company Enabling E-Mobility Across 30+ Bus Depots For State Transport Corporations Like Dtc, Best, Bmtc, Jscl, Sscl, Brts-Ajl Through Oem Partnerships.

IRCON: Company says the matter of dispute between Co and HCC Has Been Settled under the Scheme Notified by the Ministry of Finance, Govt of India

Dr Reddy: Company unit and ingenus pharmaceuticals, LLC have entered into license agreement company unit obtained exclusive rights to commercialize cyclophosphamide injection RTD in U.S.

Sobha: Company board approves rights issue of up to ₹2,000 crore, issue price at ₹1,651/sh

Glenmark Pharma: Company receives nod from U.S. FDA to market a generic medicine to treat heartburn.

Whirlpool: Company enters into joint marketing agreement with Hindustan Unilever for 3 years

Prestige: Company appoints JM Financial, JP Morgan & CLSA as bankers for Hospitality Business IPO. The company eyes valuation of ₹17,000-20,000cr for hospitality business: CNBC

Arvind: Strike at Gandhinagar-based Santej plant called off by the workers.

Sundaeam Fin: Sundaram Home Finance launches “emerging business” vertical aiming to disburse Rs 300 crore.

Dalmia Bharat: Blupine Energy tied up to set up 47-Mw Solar Power Plant in Karnataka

Amber Ent: Company Acquired Additional 4.6% Equity Stake in II Jin Electronics (India)

BLS International: Company to acquire 99% in Balozi Liaison Services

Kalyani Cast Tech: Company receives order of Rs. 80 Crores

PNB Housing: Company to Consider Proposal of Fund Raising Up To 100b Rupees by Issuance of Non-Convertible Debentures on Private Placement

TTK Prestige: Company Says Total Commitment Is Of Order of 150m Rupees of Compulsorily Convertible Debentures.

PTC Financial: SEBI announces restrictions against former MD & CEO and chairman of PTC Financial

Exide Ind: Company invested about 750m rupees via subscription in share capital of unit company invested via subscription in share capital of EXIDE energy solutions on rights basis.

Axis Bank: Company fined Rs 1.66 crore for failure to put in place detection and reporting mechanism for suspicious transactions, at one of its branches.

Nestle India: Company board approves continuation of royalty payment at current rate of 4.5% to parent company

Bharti Airtel: Company adds $30 billion to its market cap to become the biggest wealth creator.

L&T FH: Bain Capital, Other Funds to sell 1530 cr worth shares, Deal is likely in block window since the discount is only 1% to market price

Patanjali Foods: Company clarifies on report of Patanjali Ayurved’s non-food business to be merged with company.

GMR Airports: NCLT approves merger of GMR Airports and GMR InfraDevelopers into GMR Airports Infrastructure

PayTM: One97 Communications receives IRDAI nod for registration withdrawal application of general insurance business.

Saksoft: Company executed a share purchase agreement to acquire 100% equity Interest in Augmento Labs

Torrent Pharma: Receives 5 Form-483 observations from USFDA for Gujarat plant
June 13, 2024 08:27

Currency Market Updates: Rupee helped by soft US inflation data, hawkish Fed to weigh

The Indian rupee will be supported on Thursday by the lower-than-expected U.S. inflation print, while projections that the Federal Reserve will cut rates only once this year are expected to weigh.

Non-deliverable forwards indicate the rupee will open at 83.52-83.55 to the U.S. dollar, compared with its previous close at 83.5450.

“The relief on the U.S. inflation is not leading to much (for the rupee), which ordinarily means that (the dollar/rupee pair) wants to push higher,” a currency trader at a bank said.
June 13, 2024 08:17

Stock Market Live Updates: NCLT approves merger of GMR Airports and #GMR Infra Developers into GMR Airports Infrastructure
June 13, 2024 08:17

Stock Market Live Updates: Paytm withdraws application for registration as General Insurance company

One 97 Communications Ltd

Paytm withdraws application for registration as General Insurance Company, focuses on broadening insurance distribution with IRDAI approval.
June 13, 2024 08:15

Stock Market Live Updates: Recent Interviews as of 18:35 PM Wednesday 12 June 2024

Brigade Ent: Pavitra Shankar, ED

Chennai & Hyderabad Mkts Will Contribute More To Residential Sales In Next 5 Years: Brigade Ent

Embassy Office : Aravind Maiya, CEO

It Has Been A Very Educational Journey But Its Still Early Days For REITs In India: Embassy REIT

Gopal Snacks: Mukesh Kumar Shah, Chief Financial Officer

Gopal Snacks: Growth Targets, Future Business Outlook, New Launches Soon?

India Shelter F: Rupinder Singh, MD & CEO

Affordable Housing Scheme Benefits End-Use Customer: India Shelter Finance Corporation

Kama Jewellery: Colin Shah, MD

Directorate General Of Foreign Trade Has Imposed Curbs On Import Of Jewellery & Parts:Kama Jewellery

Manappuram Fin: VP Nandakumar, MD&CEO

We Are Confident Of Maintaining Targetted ROE Of 20% In FY25: Manappuram Finance

Raymond: Harmohan Sahni, CEO

What Are the Latest Developments and Future Plans for Raymond Realty’s Projects?

Torrent Pharma: Aman Mehta, Director

Commercialising Vonoprazan Drug In India Looks Promising: Torrent Pharma

Fusion Micro Finance: Devesh Sachdev, MD CEO

Fusion Finance’s Diversification Strategy; Opportunity In Affordable Housing, E-3Ws |

Jubilant Food: Sameer Khetarpal, MD & CEO

Delivery Like-For-Like (LFL) Growth In FY25 Will Be Positive Throughout The Year: Jubilant FoodWorks

Events today…

Results today…
June 13, 2024 08:13

Stock Market Live Today: Dividend Dates: Ex-Dividend 14 June 2024 (Tomorrow)

Last date for Cum-Dividend Today

Acc Ltd.

Dividend Per Share Rs.7.5

Previous day Closing Price – Rs. 2623.75

Adani Enterprises Ltd.

Dividend Per Share Rs.1.3

Previous day Closing Price – Rs. 3215.65

Adani Ports And Special Economic Zone Ltd.

Dividend Per Share Rs.6

Previous day Closing Price – Rs. 1394.2

Ambuja Cements Ltd.

Dividend Per Share Rs.2

Previous day Closing Price – Rs. 668.5

Adani Total Gas Ltd

Dividend Per Share Rs.0.25

Previous day Closing Price – Rs. 951.5

Bajaj Auto Ltd.

Dividend Per Share Rs.80

Previous day Closing Price – Rs. 9903.35

Bikaji Foods International Ltd

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 703.8

Canara Bank

Dividend Per Share Rs.3.22

Previous day Closing Price – Rs. 122.85

Cheviot Co.Ltd.

Dividend Per Share Rs.5

Previous day Closing Price – Rs. 1518.4

Eimco Elecon (India) Ltd.

Dividend Per Share Rs.5

Previous day Closing Price – Rs. 2085.6

Elecon Engineering Co.Ltd.

Dividend Per Share Rs.2

Previous day Closing Price – Rs. 1336.8

Happiest Minds Technologies Ltd

Dividend Per Share Rs.3.25

Previous day Closing Price – Rs. 890.6

Hindustan Unilever Ltd.

Dividend Per Share Rs.24

Previous day Closing Price – Rs. 2529

L&T Technology Services Ltd

Dividend Per Share Rs.33

Previous day Closing Price – Rs. 4887.45

M.M.Forgings Ltd.

Dividend Per Share Rs.8

Previous day Closing Price – Rs. 1217.9

Sagarsoft (India) Ltd

Dividend Per Share Rs.2

Previous day Closing Price – Rs. 205.4

Sona Blw Precision Forgings Ltd

Dividend Per Share Rs.1.53

Previous day Closing Price – Rs. 662.2

Torrent Power Ltd.

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 1603.75

Visaka Industries Ltd.

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 115.15

Vst Industries Ltd.

Dividend Per Share Rs.150

Previous day Closing Price – Rs. 4428.8

Xchanging Solutions Ltd.

Special Dividend Per Share Rs.2

Dividend Per Share Rs.2

Previous day Closing Price – Rs. 121.9
June 13, 2024 08:12

Stock Market Live Updates: Securities in F&O Ban For Trade Date 13-June-2024

* BALRAMPUR

* GMRINFRA

* HINDCOPPER

* INDIACEM

* SAIL
June 13, 2024 08:12

Stock Market Live Today: Major US stocks result calendar 13.06.2024

Adobe Inc. (Post market) (Sector- Technology)
June 13, 2024 08:11

Stock Market Live Updates: Economic Calendar – 13.06.2024

14:30 EURO Industrial Production m/m (Expected: 0.1% versus Previous: 0.6%)

18:00 U.S. Unemployment Claims (Expected: 225k versus Previous: 229K)

18:00 U.S. PPI m/m (Expected: 0.1% versus Previous: 0.5%)
June 13, 2024 08:03

Stock Market Today: Nifty expected to open 100 points higher, signals Gift Nifty trade

The domestic market is poised for a promising start on Thursday, buoyed by robust IIP numbers and healthy data. The Gift Nifty at 23,465 signals a potential gain of about 100 points, as Nifty futures closed at 23,355 on the NSE, instilling optimism for a positive opening.

Nish Bhatt, Founder & CEO of Millwood Kane International on CPI & IIP Data, said:India’s CPI inflation in May 2024 eased to a 12-month low of 4.75 per cent, though slightly higher than the 4.31 per cent recorded in the year-ago month of May 2023. India’s industrial production grew 5 per cent in April, riding on robust growth of 6.7 percent in mining and 10.2 percent in electricity, over the corresponding month in the previous year. With the government in place and the election anxiety subsiding, the favorable monsoon forecast and probable increase in Kharif output should help contain inflation, instilling confidence in the market.
June 13, 2024 07:51

Stock Market Live Today: NCLT approves merger of GMR Airports and #GMR Infra Developers into GMR Airports Infrastructure
June 13, 2024 07:10

Stock Market Live Updates: Stocks that will see action today: 13 June 2024

Buzzing stocks: 360 One WAM, L&T Finance, Nestle, Lupin, Dr Reddy’s Lab, Torrent Pharma, Brigade Group, Sobha, Whirlpool, HUL, Exide Ind, PTC India, Saksoft, Bondada, Gensol, Automotive Axles, Kalyani Cast, BLS International
June 13, 2024 06:59

Stock to buy today: Balrampur Chini Mills (₹419.85) – BUY

Balrampur Chini Mills is gearing up for a fresh rally. The stock had risen 3.6 per cent on Wednesday. This rise has made a bullish breakout above a key resistance at ₹410 which has been capping the upside since February this year.
June 13, 2024 06:57

Trading Guide for June 13, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
June 13, 2024 06:55

Today’s Stock Recommendations: 13 June 2024

Here’s an interesting stock idea: The stock idea that we have for you today is Balrampur Chini Mills. This stock has made a bullish breakout and has closed on a strong note on Wednesday. The momentum is strong, and the share price can go up further in the coming days.