Business News›Markets›Stocks›Live Blog›Sensex Today | Stock Market LIVE Updates | HDFC Bank, IT stocks lift Sensex 400 pts higher, Nifty above 24,100; Nifty Bank at day’s high
01 Jul 2024 | 01:51:02 PM IST

Indian equities edged higher on Monday, supported by gains in the auto sector ahead of June’s monthly sales data and in information technology stocks amid renewed expectations of a U.S. interest rate cut in September.The NSE Nifty 50 climbed 0.21% to reach 24,061.45 points, while the S&P BSE Sensex increased by 0.2% to 79,191.55 points as of 10:12 a.m. IST.Nine out of thirteen major sub-sectoral indexes showed gains during the trading session.Auto stocks advanced by 0.5%, with investor focus on the upcoming monthly sales figures from automobile companies for June. Bajaj Auto, the first to report its data, saw its shares rise by 1%.Among the top performers in the Nifty 50 were Hero Motocorp, Bajaj Auto, and Maruti Suzuki, each gaining 1%.
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Sensex Today | Stock Market LIVE Updates | Nifty IT, media top sectoral gainers

Sensex Today | Stock Market LIVE Updates | Top midcap gainers in afternoon trade
Price as on 01.43.07 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Top Nifty gainers at this hour
Price as on 01.38.47 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Sensex jumps 400 points; TechM, UltraTech top gainers

Sensex Today | Stock Market LIVE Updates | REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables
Sensex Today | Stock Market LIVE Updates | Vodafone Idea share price targets increase after tariff hike
- As telecom tariff hikes kick off this week, starting with Reliance Jio taking the lead, analysts suggest that Vodafone Idea stands to gain significantly.
- The stock, a favorite among retail investors, has surged approximately 23% over the past month.
- Citi has upgraded Vodafone Idea from neutral to buy and raised its target price from Rs 15 to Rs 23, citing favorable conditions aligning for the troubled telecom operator.

Sensex Today | Stock Market LIVE Updates | RIL shares can create up to $100 billion wealth, predicts Morgan Stanley
According to global brokerage firm Morgan Stanley, the fourth monetisation cycle led by Mukesh Ambani’s Reliance Industries (RIL) could potentially add $60-100 billion to its market capitalisation.
They have set a target price of Rs 3,540 in the base case scenario.

Japan’s Nikkei surrenders most early gains as BOJ data lifts rate-hike bets
Japan’s Nikkei share average initially rose but closed nearly unchanged on Monday, as the central bank’s Tankan survey influenced expectations regarding interest rate hikes.
The Nikkei edged up 0.12% to finish at 39,631.06, after reaching a high of 0.9% earlier, following gains in its futures during the previous session.

Sensex Today | Stock Market LIVE Updates | Block trade in IDFC First Bank; 40.6 lakh shares traded
Price as on 12.19.41 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Bank at day’s high, advances over 400 points from day’s low
Price as on 11.45.33 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates IT stocks lift Sensex 300 pts higher

Sensex Today | Stock Market LIVE Updates | Stanley Lifestyles surges 9% after Morgan Stanley picks stake worth over Rs 16 crore
Sensex Today | Karur Vysya Bank: Q1 advances up 16%, deposits up 14.4% & CASA up 5.6% YoY
Price as on 11.41.26 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Bajaj Auto sales rise 5% to 3.58 lakh units in June
Bajaj Auto reported a 5% year-on-year growth in its total vehicle wholesales, including exports, for June, totaling 3,58,477 units. In June 2023, the Pune-based automaker had sold 3,40,981 two-wheelers and commercial vehicles, as stated by the company.Domestic sales, including commercial vehicles, saw an 8% increase, reaching 2,16,451 units last month compared to 1,99,983 units in June of the previous year.
Price as on 11.12.01 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Toyota records highest-ever monthly sales in June at 27,474 units
On Monday, Toyota Kirloskar Motor announced its best-ever monthly sales with 27,474 units sold in June. This marks a 40% increase in total dispatches to dealers compared to June 2023, when 19,608 units were delivered. Domestic wholesales for the company in June 2024 reached 25,752 units, while exports accounted for 1,722 units during the same period.
JSW MG Motor India’s retail sales dip 9% in June to 4,644 units
JSW MG Motor India reported a 9% year-on-year decline in retail sales for June, with 4,644 units sold compared to 5,125 units in June 2023. Despite this overall decrease, the company highlighted that its flagship SUV, ZS EV, achieved its highest-ever monthly sales in June 2024, according to a statement from JSW MG Motor India.
Australia, NZ dlrs edge up on dollar, give back on euro
The Australian and New Zealand dollars began the week with strength, as a moderation in a crucial U.S. inflation measure strengthened expectations of rate cuts.
However, they retreated against a strong euro following the first round of elections in France.
Sensex Today | Stock Market LIVE Updates | Brokerage Radar: CLSA on Wipro
Global brokerage double upgrades IT major to Outperform from Underperform; raises target to Rs 607/sh from Rs 431/share
Price as on 10.42.25 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Buzzing: Strong weekend bookings push PVR Inox shares higher
Price as on 10.41.29 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Visaman Global Sales shares list at 5% premium over IPO price
- The shares of Visaman Global Sales listed on the NSE SME platform with a premium of 4.88% on Monday.
- The stock debuted at Rs 45.10 against an issue price of Rs 43.
- Ahead of the listing, the company’s shares traded with a premium of Rs 13 in the unlisted market.
- The IPO, which was completely a fresh equity sale of 37.32 lakh shares, was subscribed over 42 times.
Sensex Today | Stock Market LIVE Updates | Sensex jumps over 200 points; JSW Steel, Tech Mahindra and M&M top gainers

Sensex Today | Stock Market LIVE Updates | Health insurer Niva Bupa files for Rs 3,000 crore IPO
Niva Bupa, an Indian health insurer, has filed draft papers on Monday for an initial public offering (IPO) aimed at raising up to Rs 3,000 crore (approximately $360 million).

Rupee falls 6 paise to 83.40 against US dollar in early trade

Sensex Today | Stock Market LIVE Updates | IREDA
IREDA’s first-quarter update revealed loans sanctioned at Rs 9,136 crore, marking a 67% increase in loan disbursements to Rs 5,320 crore.
Price as on 09.45.49 AM, Click on company names for their live prices.
Sensex LIVE Updates | Buzzing Stock: Wockhardt soars 12% after the pharma major said its investigational drug has successfully treated a young immuno-compromised cancer patient in the US
Price as on 09.44.10 AM, Click on company names for their live prices.
Sensex Today | Buzzing Stock: GRSE shares rally over 7% after winning an order from Bangladesh govt
Price as on 09.43.05 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Stocks in news: SAMHI Hotels
SAMHI Hotels saw substantial block deals as Morgan Stanley Asia Singapore Pte and Abu Dhabi Investment Authority (ADIA) purchased shares worth approximately Rs 58 crore and Rs 21 crore, respectively.
Price as on 09.41.44 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Auto sales Impact
Price as on 09.34.15 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Stocks in news: JSW Infrastructure
JSW Infrastructure Ltd has indicated continued interest in the mega Tajpur deep sea port in West Bengal, stating its readiness to reassess its strategy for the project.
Price as on 09.33.15 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Midcap hits record high!

Sensex Today | Stock Market LIVE Updates | 1.9% equity traded in Religare block deal
Price as on 09.21.47 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex flat, Nifty below 24,000; Patanjali Foods jumps 4%, Zomato sheds 2%

Sensex Today | Heatmap: Top Sensex gainers & losers in today’s trade

Sensex Today | Brokerage radar: Emkay on engineering & capital goods
- L&T – Initiate Buy with target price of Rs 4,200.
- Kalpataru Projects – Initiate Buy with target price of Rs 1,400.
- KEC International – Initiate Add with target price of Rs 950.
- Golden decade for EPC players.
- A multiyear capex cycle after two lackluster decades.
- Large capex announcements overseas to give further impetus to growth.
- EPC players logging an all-time high in order books; focus still on cashflows.
- Stable input cost scenario provides earnings tailwind.
Sensex Today | Sensex drops 92 points, Nifty below 24,000 in pre-open trade
The first trading day of July will be crucial as Nifty’s rally stalled on Friday, leaving investors anxious. The good news is that the headline US PCE and core PCE were up 2.6% annually, aligning with expectations. However, profit booking could occur if Nifty starts strong, given the soft US inflation reading after a robust first half of the year for equities. This week, focus will be on the US payrolls report, FOMC minutes, and other employment data. Technically, Nifty’s record high at 24174 and Sensex’s peak at 79,671.58 will be key hurdles. Recommended trades: sell Nifty at 24011 with targets at 23851/23601 and Bank Nifty at 52342 with targets at 51901/51001. Bullish on RELIANCE INDUSTRIES, IGL, and MGL, and suggest buying ONGC at CMP 274 with targets at 281/287.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
Sensex Today | Stock Market LIVE Updates | Brokerage Radar: JPMorgan on India Insurance
- Assuming coverage on insurance stocks
- ICICI Pru Overweight with target price of Rs 800
- SBI Life – Overweight with target price of Rs 1810
- New India – Overweight with target price of Rs 294
- HDFC Life – Neutral with target price of Rs 640
- ICICI Lombard – Neutral with target price of Rs 1510
- LIC – Underweight with target price of Rs 790
- GIC RE – Underweight with target price of Rs 197
- Life insurers to deliver high teens growth post re-adjusting to regulations
- Prefer candidate with highest ROE expansion outlook amid favourable pricing in non-life
Sensex Today | Stock Market LIVE Updates | Brokerage Radar: Jefferies on Grasim
- Maintain Buy with Target price of Rs 3,000
- Birla Opus R&D Plant Visit: Ticking Right Boxes
- Positively surprised, with higher confidence on Co’s delivery
- Right preparedness and focus on bringing out research-led Industry best product
- Co is also ramping up its advertising campaign, while improving product availability across multiple geographies
- Maintain Buy as improved visibility on success here could rerate standalone business and Holdco disc

Sensex Today | Stock Market LIVE Updates: Positive Breakout: These 5 stocks close cross above their 200 DMA
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 28, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Sensex Today | Stock Market LIVE Updates: Oil inches higher on summer demand outlook
Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit due to peak summer fuel consumption and OPEC+ cuts in the third quarter. However, global economic headwinds and rising non-OPEC+ output capped the gains.
Sensex Today | Stock Market LIVE Updates: Gold holds ground on US rate-cut expectations
Gold prices held steady in early Asian hours on Monday, buoyed by data indicating that inflation in the U.S. has subsided. This has raised hopes that the Federal Reserve might start cutting interest rates this year.
Sensex Today | Stock Market LIVE Updates: Asia stocks stutter, euro gains after first round vote in France
Asian stocks were subdued on Monday as traders considered the U.S. interest rate outlook. Meanwhile, the euro edged higher after the far-right secured a smaller share of the vote in the first round of France’s snap election than some polls had projected.
Sensex Today | Stock Market LIVE Updates: Euro rises after France’s first-round vote, yen struggles
The euro rose on Monday after the first round of France’s snap election placed the far-right in the lead, though by a smaller margin than projected. Meanwhile, a downgrade to Japan’s first-quarter growth figures pushed the yen lower.
Stock Radar: Multibagger Alert! This power stock doubles in 1 year. Should investors buy or book profits?
NTPC Ltd, a key player in the power generation sector, has more than doubled investors’ wealth in the past year. The current chart pattern indicates that this rally may continue. Experts suggest that short-term traders consider buying the stock now, targeting a price of Rs 400-415 within the next 3-4 weeks.
Sensex Today | Stock Market LIVE Updates: Stocks in news: JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank Of Baroda, IREDA
Last week, domestic indices recorded gains and reached new heights despite mixed signals from the global market, particularly regarding inflation concerns. In today’s trade, shares of JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank of Baroda, and IREDA, among others, will be in focus due to various news developments.
Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide D-Street action
Domestic indices recorded gains last week despite mixed signals from the global market, particularly regarding inflation concerns. Investors primarily focused on large-cap stocks, resulting in underperformance in the mid and small-cap segments.
Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade RIL, Bharti Airtel & Bombay Burmah
Stocks that hit fresh record highs include RIL, which gained more than 2%, Bharti Airtel, which pared gains after reaching record highs, and Bombay Burmah Trading Corp, which rose more than 7% on Friday.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 13 points, or 0.05 per cent, at 24,133, signaling that Dalal Street was headed for muted start on Monday.
Sensex Today | Stock Market LIVE Updates: Rupee rises 11 paise to close at 83.34 against US dollar
The rupee appreciated by 11 paise to settle at 83.34 against the US dollar on Friday, amid recent inflows of foreign funds.Forex traders noted that the strength of the American currency in the overseas market, elevated crude oil prices, and US dollar demand from oil marketing companies limited sharp gains for the local unit.
Sensex Today | Stock Market LIVE Updates: Wall Street ends lower as investors digest inflation data, presidential debate
U.S. stocks ended weaker on Friday after an early rally fizzled, as investors digested in-line inflation data and weighed political uncertainty following the U.S. presidential debate. Nike experienced its steepest one-day fall in over two decades after issuing a gloomy forecast.
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty breaks 4-day winning streak
The Nifty ended Friday’s session with a loss of 34 points, breaking its four-day winning streak and forming a small-bodied red candle.Technically, the uptrend remains intact, but analysts note that the RSI on the hourly chart indicates the possibility of a pullback move or consolidation within the uptrend.
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Friday
Indian headline indices ended their four-session gaining streak on Friday, despite hitting fresh highs, due to selling pressure in bank stocks. The 30-stock S&P BSE Sensex reached a new peak of 79,671.58 before ending the day at 79,033, declining by 210 points or 0.27%. Meanwhile, the broader Nifty hit a lifetime high of 24,174 before settling at 24,010.60, down by 34 points or 0.14%.