Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a muted start; Asian shares trade lower

26 Jun 2024 | 12:41:41 PM IST

Sensex Today | Stock Market LIVE Updates | Amid sustained buying in heavyweights, Nifty today scaled fresh all-time high of 23,785 while Sensex also scaled a peak of 78,339. The upside momentum was led by buying in shares of Reliance Industries (RIL), UltraTech Cement, ICICI Bank and Kotak Mahindra Bank.

Highlights from trade:

Nifty Bank hits fresh all-time high
Allied Blenders IPO booked 82% so far on Day 2
Mazagon Dock up 6% after bagging Navratna status
Anil Agarwal likely pares Vedanta stake via block deal; stock sheds 4%
DEE Development lists at 67% premium over IPO price

Tata Steel, Mahindra & Mahindra, Titan, and JSW Steel were among the stocks showing weaker performance. In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading higher.

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Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: Top gainers & losers at this hour

Sensex Today | Stock Market LIVE Updates | S&P revises outlook for Adani Ports to positive on improving scale and diversification; ‘BBB-‘ ratings affirmed

Price as on 12.31.38 PM, Click on company names for their live prices.

Stock Market LIVE Updates | Allied Blenders IPO booked 89% so far on Day 2

QIB Portion: 0.02 times
NII portion: 1.45 times
RIIs portion: 1.11 times
Employee Reserved: 3.82 times

Sensex Today | Stock Market LIVE Updates | Nifty Bank hits record high, surpasses earlier level of 52,746.5

Sensex Today | Stock Market LIVE Updates | Stocks trading at 52 week high amid D-street record high

Price as on 11.45.16 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Top gainers and losers

Price as on 11.37.35 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Nifty hits fresh record high for second day, trades above 23,800

Sensex Today | Stock Market LIVE Updates | Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech

Sensex Today | Stock Market LIVE Updates | News Alert: CCI approves Coforge stake buy in Cigniti: Agencies

Price as on 10.41.57 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Metal stocks under pressure

Price as on 10.23.06 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | New Listings: GEM Enviro and Falcon Technoprojects

GEM Enviro Management | BSE: Rs 142.50 (up 90%)

Falcon Technoprojects lists at Rs 84 (down 8.7%)

Sensex Today | Stock Market LIVE Updates | D-Street Debut: Akme Fintrade

BSE: Rs 125.70 (up 4.75%)

NSE: Rs 127 (up 5.8%)

Sensex Today | Stock Market LIVE Updates | D-Street debut: Dee Development Engineers Ltd

BSE – listing price Rs 325 (up 60%)

NSE – 339 (up 67%)

Rupee falls 3 paise to 83.46 against US dollar in early trade

China’s yuan eases to 7-month low on weak fixing, hawkish Fed

On Wednesday, China’s yuan depreciated to its lowest level in seven months against a strengthening dollar. The currency faced additional pressure from a softer central bank guidance, setting it on track for a sixth consecutive monthly decline by the end of June.

Stock Market LIVE Updates | Finsider International, a subsidiary of VRL, has accepted a proposal from one of its banks to sell 2.6% shareholding in Vedanta Limited to a group of reputed institutional investors

Stock Market LIVE Updates | Block Deal in CE Info (MapmyIndia) | 6.1 lakh shares or 1.1% equity worth Rs 142.6 crore change hands at Rs 2,332/share

Price as on 09.28.14 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Block deal alert: 2.4% equity exchanged in Vedanta; stock down 4%

Price as on 09.20.46 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Heatmap: Top gainers & losers in today’s trade

Sensex Today | Opening Bell: Sensex rises 40 points, Nifty above 23,700; Mazagon Dock jumps 6%, Vedanta sheds 2%

“A constant refrain during the last few months from many experienced investment experts has been that financials, particularly largecap private banks, offer value buying opportunities. The expected breakout in some of these bluechips has happened during the last several days. These stocks are likely to remain resilient since their FY25 Q1 numbers will be very good. The 16% credit growth in the economy and improving asset quality of these stocks augur well for them. Slight pressure on margins due to slow deposit growth and higher costs of deposits are unlikely to impact the bottom line significantly. From the valuation perspective, PSU banks now provide buying opportunities. Q1 results of financials, oil and gas, capital goods, automobiles, select pharma and telecom will be good. FMCG and IT will post subdued numbers as expected. There are green shoots in IT and, therefore, it presents a contra buying opportunity for long-term investors.”

– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

Sensex Today | Stock Market LIVE Updates | Stocks in news: IRCTC

IRCTC has clarified that the circulating news on social media regarding restrictions on booking e-tickets due to different surnames is inaccurate and misleading.

Price as on 09.06.05 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Stocks in news: Mahindra Finance

Vivek Karve will step down from his role as the Chief Financial Officer (CFO) of Mahindra Finance, effective October 2024.

Price as on 09.04.18 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Stocks in news: ZEE

The NCLT has approved the withdrawal of the application to implement the composite scheme of arrangement with Sony.

Price as on 09.03.02 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Stocks in news: MapmyIndia

According to reports, Rakesh Kumar Verma, the promoter of CE Info Systems, is expected to sell approximately 5 lakh shares of MapmyIndia in a block deal.

Price as on 09.01.33 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Stocks in news: Punjab & Sind Bank

Punjab & Sind Bank, a government-owned entity, has entered into an initial agreement with the Indian Army for a defence salary package, offering various benefits such as complimentary insurance coverage.

Price as on 09.00.12 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs on BFSI

• Rising concerns around the health of rural-lending (Farm loans and MFI particularly) portfolio in the Indian financial system.

• This could potentially put more pressure on the earnings trajectory of the sector.

• Companies that are more exposed to farm loans – SBI, ICICI Bank, Kotak Bank, M&M Finance and L&T Finance.

• Companies that have exposure to MFI portfolios – Bandhan Bank, Indusind Bank, Credit Access Grameen and L&T Finance.

• PSU banks in particular could potentially be more impacted in the event of farm loan waivers as seen in past episodes.

• Maintain preference for HDFC Bank, Kotak Bank, Axis Bank and Indusind amongst private banks.

• Prefer Credit Access Grameen, L&T Finance and Shriram Finance among NBFCs.

Price as on 08.58.42 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Brokerage Radar: Investec on Adani Wilmar

Initiate Hold with target price of Rs 374.
Long-term volume market share gain opportunity is compelling.
Expect 7% revenue CAGR in edible oils over FY24-26E driven by 6% volume CAGR.
Inherent volatile and low margin nature of the biz cap upside.

Price as on 08.53.41 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Stocks in news: Restaurants Brand Asia

Goldman Sachs Funds executed a block deal on Tuesday, selling nearly 48 lakh shares of Restaurants Brand Asia (RBA) worth Rs 50 crore.

Price as on 08.50.15 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Nifty indices quarterly Rejig

Stock Market LIVE Updates | Brokerage Radar: UBS on CG Power

Industrial product business is on a stable track
Management is optimistic on power systems, given strong local/global upcycles
Beyond investments in OSAT, motors and power system expansion, CG Power will still have cash to expand its addressable market size
Recent capacity expansion across categories will ramp up export revenue
CG Power is targeting newer geographies in upcoming years
UBS maintain Buy; Hikes TP to Rs 870 from Rs 850

Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs on Metro Brands

FY25 guidance is for mid to high teens % YoY sales growth
Growth is likely to be back-end loaded in FY25 with a relatively softer base in H2FY25
Industry competitive intensity high, but Metro to continue discounting discipline
BIS certification-related supply chain disruption unlikely for Metro
Inventory position relatively high vs. history to help mitigate potential BIS certification-related disruption
Fila brand re-positioning efforts delayed due to BIS implementation
Fila EBO scale-up to accelerate from FY26

Stock Market LIVE Updates | Brokerage Radar: Jefferies reiterates Buy rating on ICICI Bank

Maintain Buy with target price of Rs 1,350
Deposit growth of 20% is among the best of large banks
Slower cost growth to offset margin normalization
Asset quality holding up; corporate book can see recoveries
Stays among our top picks in sector

Sensex Today | Stock Market LIVE Updates | Brokerage Radar: Bernstein India Strategy

Earnings are eventually the real test of how the market progresses from here
With election excitement now behind, focus will shift to the drivers that could shape revisions
We address the current earnings movements across the top 200 stocks in India
Earnings are not keeping up with the stock price movement
A visible disconnect appears when the sector earnings revision is seen against the price U movements
Only 39% of NSE200 universe has seen earnings upgrades in the last three months, but 77% have seen positive price movements
The earnings revisions across the last two months have been a mere 0.6%, and last month has seen a decline
7/13 sectors show a decline in the previous three months, and the average is barely 1%
Metals and industrials seem to be the only sectors that show a pick-up
Still, the disparities within are pretty high, and many prominent names exhibit declining earnings expectations for FY25
Autos and Energy are the other two sectors that show momentum but have slowed down
Financials is seeing a modest 1.6% increase, while all other sectors are flat or negative

Sensex Today | Stock Market LIVE Updates: Asian shares shaky as investors wary before US inflation data

Asian stocks wavered in choppy early trade on Wednesday as markets braced for a key U.S. inflation reading. Meanwhile, the yen hovered just below the 160 per dollar level, keeping traders on alert for potential intervention by Japanese authorities

Sensex Today | Stock Market LIVE Updates: Steady dollar sends yen to the brink of 160

The dollar remained firm on Wednesday, trading near the 160 yen barrier as investors turned cautious and awaited the release of U.S. price data at the end of the week.

Sensex Today | Stock Market LIVE Updates: Gold flat as dollar, yields firm; investors seek more US data

Gold prices remained flat on Wednesday as the dollar and Treasury yields held steady ahead of a key inflation reading due later this week. This upcoming data could provide more clarity on the Federal Reserve’s interest rate path.

Sensex Today | Stock Market LIVE Updates: Oil edges lower after industry group reports jump in US stockpiles

Oil prices dropped in early Asian trade on Wednesday following an industry report that revealed an unexpected increase in U.S. stockpiles, raising concerns about weaker-than-expected demand in the top oil-consuming nation. Brent crude oil futures declined by 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. U.S. West Texas Intermediate crude futures fell by 11 cents, or 0.1%, to $80.72 per barrel.

Sensex Today | Stock Market LIVE Updates: Stocks in news: MapmyIndia, YES Bank, Sanghi Industries, ZEE, Mahindra Finance

In today’s trade, shares of MapmyIndia, YES Bank, Sanghi Industries, ZEE, and Mahindra Finance, among others, will be in focus due to various news developments.

Sensex Today | Stock Market LIVE Updates: Stock Radar: Apollo Tyres sees breakout from inverse Head & Shoulder pattern; time to buy?

Apollo Tyres experienced a V-shaped recovery after testing the 200-day Exponential Moving Average earlier in June, ultimately breaking out from an inverse Head & Shoulders pattern.

Sensex Today | Stock Market LIVE Updates: Market trading guide: JBM Auto, Apollo Tyre among 7 stock recommendations

5 stock recommendations include HDFC Bank, Westlife, Mandar Bhojane, Apollo Tyre, ITDC JBM Auto, City Union Bank and City Union Bank.

Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action today

Domestic markets edged higher on Tuesday, gaining over half a percent and signaling a resumption of the uptrend after a brief pause. Following an initial uptick, the Nifty traded within a range during the first half. However, selective buying in heavyweight stocks, especially from the banking sector, spurred a sharp surge as the day progressed.

Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade Amara Raja Batteries, Raymond and Exide Industries

Stocks that hit fresh record highs on Tuesday included Amara Raja Batteries, which surged over 19%, Raymond, which rallied more than 7%, and Exide Industries, which closed with gains of over 1%.

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start

GIFT Nifty on the NSE IX traded lower by 16 points, or 0.07 per cent, at 23,704.50, signaling that Dalal Street was headed for muted start on Wednesday.

Sensex Today | Stock Market LIVE Updates: Rupee gains 4 paise against US dollar

The rupee appreciated by 4 paise against the US dollar on Tuesday, supported by a strong performance in domestic equities and stable global crude oil prices. However, forex traders noted that the rise was limited due to the strengthening of the American currency in the international market.

Sensex Today | Stock Market LIVE Updates: Nasdaq ends higher on tech strength; Dow pulls back

The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited for crucial inflation data due out this week.

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty breaks key hurdle after 2 weeks

The Nifty ended Tuesday’s session 183 points higher, forming a long bull candle on the daily chart and surpassing the 23,600 hurdle after two weeks of consolidation.

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday

The 30-stock S&P BSE Sensex reached a new peak of 78,164.71, rising by 824 points or 0.87%, while the broader Nifty hit a lifetime high of 23,754.15, gaining 216 points or 0.91%. The Sensex closed at 78,053, up 712 points or 0.92%, and the Nifty ended at 23,721, up 183 points or 0.78%.