Stock Market Live Updates: Stock to buy today: JK Lakshmi Cement (₹890.45): BUY

Updated – June 28, 2024 at 08:44 AM.

Sensex, Nifty, Share Prices LIVE: June marked a robust period for Indian markets, with the Nifty and Sensex gaining approximately 7%. As July commences, analysts foresee continued bullish momentum, driven by expectations around the upcoming Union Budget. The focus on key sectors like banking, IT, and FMCG is expected to sustain positive trends, with the potential for Nifty to test 24,500 while finding support near 23,600. Foreign investor interest is set to soar with JPMorgan’s inclusion of India’s sovereign debt in its emerging markets index today, bolstering market sentiment. Seasonally, July historically proves bullish for Indian equities, supported by strong liquidity, positive momentum, and favourable seasonal trends. Market participants should strategise around sector rotations and buying opportunities amidst anticipated market highs.

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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 28 June 2024.

ALL UPDATES

June 28, 2024 08:40

Stock Market Live News: Today’s Corporate Action 28th June Ex Date

AEROFLEX

Final Dividend – Rs. – 0.2500

ANDHRAPET

Dividend – Rs. – 2.0000

AVONMORE

Stock Split From Rs.10/- to Rs.1/-

BAJAJHLDNG

Final Dividend – Rs. – 21.00003

BANKBARODA

Dividend – Rs. – 7.6000

DBOL

Final Dividend – Rs. – 2.5000

GICHSGFIN

Final Dividend – Rs. – 4.5000

GPIL

Buy Back of Shares

INDUSINDBK

Final Dividend – Rs. – 16.5000fwog

KPIL

Final Dividend – Rs. – 8.0000

KSOLVES

Interim Dividend – Rs. – 8.0000

MAHSCOOTER

Final Dividend – Rs. – 60.0000

MAWANASUG

Final Dividend – Rs. – 4.0000

NAM-INDIA

Final Dividend – Rs. – 11.0000

RECLTD

Final Dividend – Rs. – 5.0000

RPGLIFE

Final Dividend – Rs. – 16.0000

SWARAJENG

Final Dividend – Rs. – 95.0000

SYNGENE

Final Dividend – Rs. – 1.2500

VAIBHAVGBL

Final Dividend – Rs. – 1.5000

WELCORP

Final Dividend – Rs. – 5.0000
June 28, 2024 08:39

Stock Market Live News: Key market indicators today

GIFT Nifty +77 pts (23182) from last trade 24105 ,

Nikkei +425 pts ,

Hangseng -133 pts ,

Now @6.53am .

Dow +36.26 pts ,Nsdq +55.53 pts, S&P

+4.97 pts , Bovespa +1666 pts , Ftse -45 pts , Dax +55 pts , Cac -78 pts , Crude @ $80.67 brl (-0.23), Brent @ $88.51 brl (+0.01) , Gold @ 2337.80 (+1.20), Silver $28.95 (+0.03), Euro @ $1.0706, JPY @ $160.72, INR @ 83.455
June 28, 2024 08:38

Stock Market Live News: USFDA completes inspections at Dishman Carbogen’s Swiss sites

Dishman Carbogen

Arms manufacturing sites located in Hunzenschwil (Neuland), Switzerland and Aarau, Switzerland, have successfully completed by USFDA. inspections at both the above-mentioned sites were concluded with no Form 483 and classified as No Action Indicated.
June 28, 2024 08:19

Stock Market Live Today: Fund Houses Recommendations

Jefferies on Bharti Airtel: Maintain Buy on Company, raise target price at Rs 1720/Sh (Positive)

Emkay on JK tyre: Maintain Buy on Company, raise target price at Rs 700/Sh (Positive)

MOSL on Godrej Prop: Maintain Buy on Company, target price at Rs 3600/Sh (Positive)

Emkay on Star Health: Upgrade to Buy on Company, raise target price at Rs 650/Sh (Positive)

Citi on Nuvama wealth: Maintain Buy on Company, target price at Rs 6000/Sh (Positive)

Emkay on Man Ind: Initiate Buy on Company, target price at Rs 500/Sh (Positive)

Jefferies on SRF: Maintain Underperform on Company, raise target price at Rs 2125/Sh (Positive)

MS expects telecom sector companies like Bharti Airtel and others to announce price hike for 4G subscribers soon (Positive)

MS on Reliance Ind: Maintain Overweight on Company, target price at Rs 3046/Sh (Neutral)

Incred on Tata Tech: Initiate Reduce on Company, target price at Rs 797/Sh (Neutral)

Incred on Tata Elxsi: Initiate Reduce on Company, target price at Rs 6064/Sh (Neutral)

UBS on Bandhan Bank: Initiate Neutral on Company, target price at Rs 230/Sh (Neutral)

Emkay on Ultratech: Maintain Buy on Company, target price at Rs 11200/Sh (Neutral)

Citi on Ultratech: Maintain Buy on Company, target price at Rs 11139/Sh (Neutral)

Citi on Ambuja: Maintain Neutral on Company, target price at Rs 675/Sh (Neutral)

Bernstein on Bajaj Fin: Initiate Market perform on Company, price at Rs 6800/Sh (Neutral)

JPMorgan on Tariff Hike: 20% tariff hike by Jio is a tad lower than our expectations of 25% (Neutral)

UBS on Tariff Hike: Price increases are in-line to slightly above consensus, but this also means a key catalyst has played out (Neutral)
June 28, 2024 08:19

Stock Market Live Today: Dividend Dates

Ex-Dividend 1 July 2024 (Monday)

Last date for Cum-Dividend Today

Geojit Financial Services Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 103.46

Ghcl Ltd.

Dividend Per Share Rs.12

Previous day Closing Price – Rs. 550.5

Ghcl Textiles Ltd

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 89.74

Lloyds Enterprises Ltd

Dividend Per Share Rs.0.1

Previous day Closing Price – Rs. 31.92

Tata Communications Ltd.

Dividend Per Share Rs.16.7

Previous day Closing Price – Rs. 1859.35
June 28, 2024 08:17

Stock Market Today: Opening Bid: Nifty eyes 24,500 amid sector rotation and positive sentiment

June was fabulous for market participants, as Nifty and Sensex gained around 7 per cent. Today, the last day of trading in June and the beginning of a fresh monthly series (September)at the NSE, analysts expect bullish momentum to be sustained. According to them, the focus has shifted to the Union Budget, which will be announced in the third week of July. Until such time, the market will move in a narrow range, and a few stocks and sectors will be volatile. However, analysts expect billions of dollars in inflow from foreign investors as JPMorgan is adding the country’s sovereign debt to its emerging markets index today. This will be a big positive for the market sentiment, they opined.
June 28, 2024 08:02

GMR Power arm settles claims with NHAI, to receive Rs 1,387 crore in two tranches

GMR Power: Company unit named GHVEPL settles claims with NHAI || Company says NHAI agrees to pay rupees 1,387 crore in 2 tranches to GHVEPL and project will be handed back to NHAI on 1st July
June 28, 2024 07:51

Stock Market Updates: SEBI streamlines process for public issue of debt securities

Markets regulator SEBI on Thursday decided to streamline the process for public issuance of debt securities to provide faster access to funds for such issuers.

Under this, the SEBI’s board has decided to reduce the period for seeking public comments on the draft offer documents from 7 working days to 1 day for issuers whose specified securities are already listed and 5 days for other issuers.

Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, SEBI chief Madhabi Puri Buch said in a press conference.
June 28, 2024 07:48

Commodities Market Updates: Gold prices heads for quarterly rise

Gold prices edged lower on Friday but were headed for their third consecutive quarterly rise, while investors looked toward key U.S. inflation data due later in the day that could throw some light on the Federal Reserve’s stance on interest rate cuts.

FUNDAMENTALS

* Spot gold was down 0.3% at $2,321.39 per ounce. Prices are up about 4% for the quarter. Bullion remained flat for both the week and the month.

* U.S. gold futures were down 0.2% at $2,332.10.

* The dollar was up 0.2%, making gold more expensive for other currency holders, while benchmark 10-year yields also edged higher for the day. – Reuters
June 28, 2024 07:46

Stock Market Live News: Asian stocks rise as traders anticipate US inflation data

Asian stocks opened higher on Friday, following Wall Street rallies as traders anticipated key US inflation data.

The benchmark Nikkei 225 index rose 1 percent, or 394.97 points, to 39,736.51 in early trade, while the broader Topix index increased by 0.80 percent, or 22.28 points, to 2,815.98. South Korea’s KOSPI remained nearly flat, gaining 0.08 percent, or 2.44 points, to 2,786.50. Australia’s S&P/ASX 200 climbed 0.76 percent, or 58.70 points, to 7,818.30.

Overnight, US stocks closed Thursday around the unchanged mark as investors awaited fresh inflation data. The Nasdaq managed a slight gain after data showed a continued slowdown in economic activity, raising hopes for rate cuts.

The Dow Jones Industrial Average increased by 36.53 points, or 0.09%, to 39,164.33. The S&P 500 added 5.16 points, or 0.09%, to 5,483.06, and the Nasdaq Composite rose by 53.53 points, or 0.30%, to 17,858.68.
June 28, 2024 07:34

Stock Market Live Updates: Stocks that will see action today: June 28, 2024

Buzzing stocks: Reliance Industries, BHEL, JSW Infra, Raymond, Ipca Lab, Ambuja Cements, Tega Ind, Kalpataru Projects, Jubilant Ingrevia, KPI Green, RBL Bank, AU Smal Finance, Brigade Enterprises, Asian Paints, CFF Fluids, Wanbury, DCM Shriram
June 28, 2024 07:26

Stock Market Live News: PG Electroplast announces stock split.

Stock split : 10:1

Record Date: 10th July 24

From ₹10 FV to ₹1 FV
June 28, 2024 07:25

Stock Market Live Today: Bulk deals

Gensol Engineering Ltd.

Revoke of 6,00,000 equity shares by Promoter & Director Anmol Singh Jaggi

Hindustan Foods Ltd.

MORGAN STANLEY ASIA SINGAPORE PTE bought 10,70,000 @ Rs. 502.00

BLS E-Services Ltd.

L7 HITECH PRIVATE LIMITED bought 5,20,009 @ Rs. 255.03

Affle (India) Ltd.

ICICI PRUDENTIAL MUTUAL FUND bought 7,75,1 94 @ Rs. 1,290.00

Monetary Authority of Singapore bought 16,1 6,856 @ Rs. 1,290.00

Paisalo Digital Ltd.

EBISU GLOBAL OPPORTUNITIES FUND LIMITED bought 1,48,00,000 @ Rs. 75.47

Sharda Motor Industries Ltd.

AXIS INDIA MANUFACTURING FUND bought 1,54,985 @ Rs. 1,996.10

Salasar Techno Engineering Ltd.

EBISU GLOBAL OPPORTUNITIES FUND LIMITED bought 1,38,80,000 @ Rs. 19.27

Rossell India Ltd.

NOMURA SINGAPORE LIMITED sold 5,55,803 @ Rs. 553.50

Titagarh Railsystems Ltd.

BLACKROCK GLOBAL EMERGING MARKETS FUND INC bought 9,46,357 @ Rs. 1,618.0

Rashmi Chowdhary sold 26,93,475 @ Rs. 1,618.00

Deep Energy Resources Ltd.

EBISU GLOBAL OPPORTUNITIES FUND LIMITED bought 2,06,553 @ Rs. 170.75

NOMURA SINGAPORE LIMITED sold 2,06,553 @ Rs. 170.75

UFO Moviez India Ltd.

EBISU GLOBAL OPPORTUNITIES FUND LIMITED bought 2,57,261 @ Rs. 137.80

NOMURA SINGAPORE LIMITED sold 2,57,261 @ Rs. 137.80

Inox Green Energy

SOCIETE GENERALE Block bought 29,49,716 @ Rs. 166.50
June 28, 2024 07:23

Stock Market Live News: Allcargo Gati board approves allocation of 1.68 crore shares at an issue price of Rs 101 a share to QIBs.
June 28, 2024 07:23

Stock Market Live News: Infosys BPM expands in Puerto Rico with ₹200,000 investment, ccreating 325 new jobs

INFOSYS: INFOSYS BPM INAUGURATES SECOND FACILITY IN PUERTO RICO WITH USD 200,000 INVESTMENT, CREATING 325 NEW JOBS
June 28, 2024 07:22

Stock Market Live Today: TVS Motor establishes TVS Motor Co DMCC in Dubai

TVS MOTOR CO: CO INCORPORATES A UNIT NAMED ‘TVS MOTOR CO DMCC’ IN DUBAI WITH AED 50,000 INVESTMENT TO ENHANCE BUSINESS PERFORMANCE IN MEA MARKETS
June 28, 2024 07:21

Stock Market Live Today: Key stock trends as on June 27, 2024

Besides RIL & IT Stocks, UltraTech, NTPC & Kotak Bank lift Nifty as well

UltraTech surges 5% following 23% stake acquisition in India Cements

India Cements builds on to Wednesday’s gains, rises 13% after UltraTech Deal

Manappuram moves higher with healthy volumes on +ve brokerage note, up 7%

Voda Idea continues to see buying on an expectation of tariff hike, up 4%

ABB, Cummins & Siemens see healthy gains, rise in the range of 3-4%

PSU Banks slip on talks of farm loan waiver in states, Nifty PSU Bank down 1%

Ramco Cements falls 7% from highs following UltraTech-India Cements deal

Fertiliser & agri-related stocks remain under pressure, Chambal Fert top loser

arket gives best returns of 2024, Nifty up nearly 7% in June series

40 of 50 Nifty stocks give positive returns in June series

Shiram Fin, UltraTech, Wipro & Tech Mahindra are top Nifty gainers

India Cements, Samvardhana Motherson, Chambal Fert, OFSS &…
June 28, 2024 07:20

Stock Market Live Today: Key market data as of June 27, 2024

Closing Bell:

* Sensex: 79243.18(+568.93)

* Nifty 50: 24044.50 (+175.70)

* Nifty bank: 52811.30(-59.20)

Nifty top 5 Gainers:

* UltraTechCement: 11,716.70 (+573.60)

* LTI mindtree: 5,377.05 (+199.55)

* Grasim: 2,637.60 (+85.35)

* NTPC: 377.15 (+12.10)

* Wipro: 510.80 (+15.60)

Nifty top 5 losers:

* Shriram finance: 2,951.05 (-38.00 )

* Larsen: 3,564.40(-38.55 )

* Bajaj Auto: 9,417.45 (-57.20 )

* Eicher Motors: 4,713.80 (-25.90 )

* Divis Labs: 4,522.35 (-23.00)
June 28, 2024 07:14

Stock Market Live Updates: Today’s Stock Recommendation: June 28, 2024

Here’s an interesting stock idea: The stock idea that we have for you today is JK Lakshmi Cement. This stock has been moving up very well over the last couple of days after breaking above the 100-Day Moving Average resistance. There is room for the share price to go further up in the coming days.
June 28, 2024 06:35

Stock Market Live Today: Trading guide for June 28, 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 28, 2024 06:34

Stock Market Live Today: Stock to buy today: JK Lakshmi Cement (₹890.45): BUY

The upmove in the stock is gaining momentum. The share price has risenwell over the last couple of days after breaking the 100-day moving average (DMA) resistance at ₹846. That leaves the outlook bullish for JK Lakshmi Cement. Moving average cross overs on the daily chart also strengthens the bullish case. It indicates that any intermediate dips could be short-lived. Immediate support is at ₹880.