19 Jun 2024 | 11:52:49 AM IST
Sensex Today | Stock Market LIVE Updates: Nifty50 and Sensex hit fresh record highs for the fourth consecutive session on Wednesday. The gains were driven by banking and IT stocks, following the release of soft U.S. retail sales data which strengthened expectations of the Federal Reserve cutting interest rates in September.
Highlights of Trade:
- Bharti Airtel acquires 1% additional stake in Indus Towers
- Vodafone likely sells 19% stake in Indus Tower
- Sansera Engineering surges 7% on a likely 10.7%equity block deal
- UBS maintains a buy rating on Apollo Hospitals
- Motilal Oswal recommends a buy rating on Titan Company
Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Higher highs and higher lows are clear indicators of a strong bull rally. This is happening now in the Nifty which has set four days of record highs. Net institutional activity has turned positive with both FIIs and DIIs turning buyers.
The US 10-year bond yield declining to 4.21 % may nudge FIIs to buy more. This is pushing FII-heavy stocks like HDFC bank and ICICI bank which have more room to appreciate since their valuations are fair.
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Stock Market LIVE Updates | BLOCK DEAL: KNR Constructions’ 1.9% equity change hands
Price as on 11.24.47 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Tata Motors said to increase prices of its commercial vehicles by up to 2%, effective July 1.
Price as on 11.21.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates: Block deal impact: Indus Towers trades at 4% low
Indus Towers trades at 4% low, possibly taking a hit after Vodafone PLC likely sold 9% stake. However, Airtel bought 1% stake in the company.
Price as on 11.17.21 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Realty falls 3%; check out the top losers
Price as on 11.06.22 AM, Click on company names for their live prices.
Stock Market LIVE Updates | RIL, L&T, Bharti Airtel drag Sensex in red
Stock Market LIVE Updates: Nifty 50 sees sharp drop below 23,500
Stock Market LIVE Updates: Sensex falls 300 points, drops below 77K
Stock Market LIVE Updates | Sharp drop! Sensex drops nearly 500 pts from day’s high
- 30-share index falls almost 200 pts
- L&T, RIL top drags
Stock Market LIVE Updates | Bharti Airtel acquires 1% additional stake in Indus Towers
- Post today’s purchase, co holds 48.95% in Indus Towers
- Co approved the acquisition of up to 27 million equity stake in Indus
Price as on 10.22.28 AM, Click on company names for their live prices.
Stock Market LIVE Updates | IndusInd, ICICI Bank lead the charge as Nifty Bank hits fresh record high
Dee Development Engineers IPO opens for subscription: Should you bid?
The initial public offering (IPO) of Dee Development Engineers opened for subscription on Thursday. This IPO includes a fresh equity issue amounting to Rs 325 crore and an offer for sale (OFS) worth Rs 93 crore.
The funds raised through the fresh issue will be utilized for various purposes including funding working capital requirements, debt repayment, and general corporate purposes. Interested investors have until June 21 to subscribe to the IPO.
Sensex Today | Stock Market LIVE Updates | Nifty Bank hits record high, crosses earlier level of 51,133
Stock Market LIVE Updates | Vodafone likely sells 19% stake in Indus Tower via Rs 17,000 crore block deal
On Wednesday, UK-based telecom operator Vodafone PLC reportedly sold a significant portion of its stake in Indus Towers through block deals. Market data indicated that 53.3 crore shares, equivalent to 19% equity in the company, were traded in large transactions valued at approximately Rs 17,000 crore.
This transaction marks a substantial divestment by Vodafone PLC in Indus Towers, suggesting strategic maneuvers or financial restructuring by the company in the telecom sector.
Stock Market LIVE Updates| Motilal Oswal on Jewellery Stocks: Senco Gold, Kalyan Jewellers
Motilal Oswal has started covering jewellery stocks, noting significant advancements towards organized channels, particularly highlighting the franchise model as a growth driver.
Specifically, Motilal Oswal initiated coverage on Senco Gold with a buy rating and set a target price of Rs 1300. Additionally, the brokerage firm initiated coverage on another jewellery company with a buy rating and a target price of Rs 525. These actions reflect their positive outlook on the sector, emphasizing growth opportunities within the organized segment.
Forex News | Rupee rises in early trade
Rupee rises 8 paise to 83.35 against US dollar
Stock Market LIVE Updates | Voda Idea, IDFC First, BEL among most active stocks in morning trade
Price as on 09.23.51 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Large trade in Gland Pharma: 5.3% equity traded
Price as on 09.22.24 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Opening Bell
Record run continues on D-St! Sensex rises over 150 pts; Nifty above 23,500
Sensex Today | Stock Market LIVE Updates | 10.7% of Sansera Engineering equity change hands in block deal (pre-market)
Price as on 09.21.47 AM, Click on company names for their live prices.
Stock Market LIVE Updates | 10.7% of Sansera Engineering equity change hands in block deal (pre-market)
Sensex Today | Stock Market LIVE Updates | Brokerage Radar: Jefferies India Strategy
- Interacted with 50+ investors in recent US roadshow
- Interest in India at an elevated level
- EM funds have a 10-year low relative weight in India
- Believe that the FPI flows into India would improve in H2CY24 as clarity on Govt policies emerge post budget
- Willingness to explore new ideas – real estate, infra, cap goods, PSUs, discretionary consumption plays
- Continued delays in FPI registration is also forcing investors to consider ADR which augurs well for HDFC and ICICI
(Source: ETNow)
Higher highs and higher lows are clear indicators of a strong bull rally. This is happening now in the Nifty which has set four days of record highs. Net institutional activity has turned positive with both FIIs and DIIs turning buyers.The US 10-year bond yield declining to 4.21 % may nudge FIIs to buy more. This is pushing FII-heavy stocks like HDFC bank and ICICI bank which have more room to appreciate since their valuations are fair.Economic news continues to be positive. Net direct tax collections have shot up by 21%. More importantly, advance tax collections have increased impressively by 27.38 % reflecting robust economic activity.In brief, it is advantage bulls.
– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Stock Market LIVE Updates | Stocks To Buy: Expert: Nooresh Merani, an independent technical analyst told ETNow
- IndusInd Bank: Buy | Target: Rs 1650| Stop Loss: Rs 1500
- IDFC First Bank: Buy | Target: Rs 90 | Stop Loss: Rs 79
- Minda Corp: Buy | Target: Rs 550 | Stop Loss Rs 450
Stocks To Buy | Expert: Kunal Bothra, Market Expert told ETNow
- IDFC First Bank: Buy | Target: Rs 88| Stop Loss: Rs 77
- Voltas: Buy | Target: Rs 1578 | Stop Loss: Rs 1510
- Exide Industries: Buy | Target: Rs 600 | Stop Loss: Rs 540
Sensex Today | Stock Market LIVE Updates | Indus Tower Block deal: 1 crore shares traded pre-market
Sensex Today | Stock Market LIVE Updates | Stocks in news: Vedanta
Chairman Anil Agarwal said that Vedanta expects to monetise its steel and raw materials business in the first half of the current financial year.
Stock Market LIVE Updates | Stocks To Buy: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas to ETBureau
- Wipro: Buy | Target: Rs 505| Stop Loss: Rs 483
- Granules India: Buy| Target Rs 492| Stop Loss Rs 465
- Container Corp: Buy| Target Rs 1189| Stop Loss Rs 1124
Sensex Today | Stock Market LIVE Updates | Stocks in news: Indus Towers
Vodafone is likely to sell shares up to $1.1 billion in Indus Towers via a block deal and the offer price range for the block deal is expected at Rs 310-341/share.
Sensex Today | Stock Market LIVE Updates | Stocks in news: Paytm
Goldman Sachs offloaded 44.20 lakh shares of One 97 Communications on Tuesday via a block deal for Rs 183.44 crore
Sensex Today | Stock Market LIVE Updates: Sensex jumps 120 points; Nifty above 23,600 in pre-open
Golden Crossovers: These 4 stocks signal further bullishness on June 19
Four stocks listed on the NSE, each with a market capitalization exceeding Rs 1000 crore, have recently experienced Golden Crossovers.
According to technical analysis data from stockedge.com, this significant event indicates bullish momentum as each stock’s 50-day simple moving average (SMA) crossed above its 200-day SMA on June 18th.
Sensex Today | Stock Market LIVE Updates | Block deal in Piramal Ent: 4.8% equity traded (pre-market)
Sensex Today | Stock Market LIVE Updates | D-Street Recap
On Tuesday, domestic headline indices Nifty 50 and Sensex achieved record closing highs for the third consecutive session. The gains were driven by increases in banking and IT stocks, supported by robust domestic inflows and a rise in global equities.
The NSE Nifty 50 rose by 0.39% to close at 23,558 points, while the S&P BSE Sensex settled 0.40% higher at 77,301 points.
Stock Market LIVE Updates | Nvidia eclipses Microsoft as world’s most valuable company
Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.
Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company.
Sensex Today | Stock Market LIVE Updates | Global Market Wrap
- S&P 500 futures were little changed as of 9:16 a.m. Tokyo time
- Hang Seng futures rose 0.8%
- Japan’s Topix rose 0.5%
- Australia’s S&P/ASX 200 rose 0.1%
- Euro Stoxx 50 futures rose 0.2%
Dollar steadies; sterling dips ahead of inflation test
The dollar faced declines on Wednesday following weak U.S. retail sales data that strengthened expectations of upcoming Federal Reserve interest rate cuts. Meanwhile, the pound slightly decreased in anticipation of forthcoming UK inflation figures later in the day.
Recent reports revealed that U.S. retail sales experienced minimal growth in May, with significant downward revisions to the previous month’s data, indicating sluggish economic performance in the second quarter.
Stock Market LIVE Updates | Oil inches up as war jitters outweigh surprise build in U.S. crude stocks
Oil prices edged higher early on Wednesday due to concerns over increasing conflict in Europe and the Middle East, which outweighed worries about demand following an unexpected rise in U.S. crude inventories.
Brent crude futures for August delivery saw a slight increase of 6 cents, reaching $85.39 per barrel by 0016 GMT. Meanwhile, U.S. West Texas Intermediate crude for June rose 10 cents to $81.67 per barrel.
