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

27 Jun 2024 | 09:47:47 AM IST

Equity markets continued their upward trend with the benchmark Nifty reaching a new all-time high, driven by bullish sentiment. Meanwhile, mid- and small-cap stocks experienced profit-taking as investors grew cautious about valuations.

Sensex Today | Stock Market LIVE Updates | Infosys CEO settles charges of violating provisions of insider trading with Sebi

Salil Parekh agrees to pay 25 lk for failing to have adequate controls to prevent insider trading

Asia stocks down, yen slump keeps markets on intervention alert

Stock Market LIVE Updates | Volume Buzzers: India Cements & UltraTech

Price as on 09.31.05 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Cement stocks buzzing in trade

Price as on 09.27.54 AM, Click on company names for their live prices.

Sensex Today | Opening Bell: Sensex drops 120 points, Nifty below 23,850; tech stocks under pressure, India Cements soars 8%

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

Breaking News | Ultratech invests in India Cement

Rupee likely to draw support from expected inflows amid rise in US yields

Stock Market LIVE Updates | Just In: UltraTech to acquire 23% in India Cements at Rs 267/share

Sensex Today | Stock Market LIVE Updates | Golden Crossovers: These 6 stocks signal further bullishness on June 27

The market will remain bullish in the near-term despite the valuation concerns, and the ongoing momentum has the potential to take the Sensex to 80000 levels. A healthy trend in the market is that now the up move is being led by fundamentally strong largecaps in sectors like banking and telecom. With RIL, which had not participated in the rally till yesterday joining the bull bandwagon, the rally has the strength to continue. But the rise in U.S. bond yield might perhaps trigger some large FII selling in the coming days putting brakes on the rally. So long as the massive domestic liquidity support to the market continues there are no no potential triggers that can cause a sharp correction in the market. PSU banks look attractive from the valuation perspective, and therefore, they have the potential to react positively to good Q1 results.

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

Stock Market LIVE Updates | Brokerage Radar: Jefferies on Dr Reddy

Maintain Underperform with TP of Rs 5010.
Growth of acquired brands has remained stagnant in recent years and will require upfront investments.
Impact of synergies from the acquired portfolio should start reflecting only over FY27-28.
The acquisition is for GBP500m implying 2.3x sales, ~9x EV-Ebitda on CY23 numbers.
Dr Reddy expects the deal to be margin accretive; remains confident of achieving 25% Ebitda margin on a consolidated basis. (Source: ETNow)

Stock Market LIVE Updates | Brokerage Radar: BofA on Dr Reddy

Maintain Buy with TP of Rs 6900.
Building on OTC now with acquisition of NRT brands.
Under-invested brand with multiple levers in place.
Acquisition is in line with the stated strategy of investing in sustainable growth drivers augmenting the OTC business.
See the business replacing the gRevlimid hole over time.
Deal could be EPS neutral in year-2 assuming gradual growth and 25% margins.

Stock Market LIVE Updates | Brokerage Radar: BofA on IT

Q1 preview: Fewer instances of cuts to IT spends; Infosys to fare better.
Company guides / commentaries to stay unchanged.
Easy supply-side dynamics make for an easy margin picture.
Infosys could lead peers on top- line performance.
Margin dip at HCL; flattish for TECH Mahindra Vs expected uptick. (Source: ETNow)

Stock Market LIVE Updates | Just In | Large trade in India Cements: 6 crore shares change hands (pre-market)

The unstoppable rally at Dalal Street has lifted Nifty and Sensex to new record highs at 23,889.90 and 78,759.40, respectively, with bulls revising their targets higher. The Nifty’s crucial support stands at 23,557. Anticipate high volatility due to the June derivative contracts expire on June 27th, alongside key economic catalysts such as the US GDP figures for Q1, the May US PCE Price Index, and speeches from Fed’s Barkin and Bowman. The preferred trades are to buy Nifty between 22,700-22,750 with a stop at 23,351, targeting 24,050-24,550, and Bank Nifty between 52,300-52,400 with a stop at 51,061, targeting 53,300-53,900. Bullish stocks include Reliance Industries, Britannia, and RBL Bank, with RBL Bank being a top buy at CMP 258, aiming for targets of 371/385.

– Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

Stock Market LIVE Updates | Stocks in news: Bharti Airtel

Price as on 08.51.27 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Stocks in news: JSW Energy

JSW Neo Energy, a subsidiary of JSW Energy, has entered into power purchase agreements (PPAs) for wind and solar projects totaling 1,325 MW in capacity.

Price as on 08.50.49 AM, Click on company names for their live prices.

Pre-market block deal alert: 9.6% equity traded in CSB Bank

Price as on 08.49.33 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Stocks in news: India Cements

India Cements is set to be delisted from the futures and options (F&O) segment following the August series.

Price as on 08.48.00 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Stocks in news: Titagarh Rail Systems

Blackrock has acquired more than 9.46 lakh shares of Titagarh Rail Systems through block deals, totaling Rs 153.12 crore.

Price as on 08.46.46 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Stocks in news: Inox Green

Renowned investor Ashish Kacholia has contributed Rs 40 crore to Inox Green Energy Services as part of the company’s Rs 1,050 crore fundraising initiative.

Price as on 08.45.46 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Brokerage Radar: Jefferies downgrades Bharti Hexacom

Downgrade to Hold from Buy; Hike target price to Rs 1290 from Rs 1200
Hexacom has unexpectedly acquired spectrum worth Rs 1000 cr in the current auctions
This should help to augment its data services
Maintain 17%/23% revenue/EBITDA CAGR over FY24-27
Cut earnings estimates by 4% to factor in spectrum spends
After more than doubling since its IPO in April, stock trades at 20% premium to Airtel’s India ops
Unfavorable risk reward

Stock Market LIVE Updates | Brokerage Radar: Morgan Stanley on Go Digit

Initiate Equal-weight with target price of Rs 338
Strong market share and ROE trajectory ahead, but priced in
Believe Go Digit can take advantage of the secular growth offered by India’s non-life insurance industry
Strong execution on growth while balancing risk and profits
Expect GDPI CAGR of 25% in FY24-28 with a share gain of over 100 bps
Expect combined ratio to improve from 109% in FY24 to 103% in FY29, led by HD scale
See 25% CAGR for investment gains, driven by strong AUM buildup
Expect net profit CAGR of 59% through FY28 with ROE reaching 19%, up from 7% in FY24

Stock Market LIVE Updates | Brokerage Radar: JPMorgan on Reliance

Higher retail valuations key to further upside in near term
Have an Overweight rating; target of Rs 3,320/sh
Building tariff hike into our RIL forecasts now

Sensex Today | Stock Market LIVE Updates: Asia stocks down, yen slump keeps markets on intervention alert

Asian shares declined and bond yields rose on Thursday amid concerns over inflation, while the yen slipping beyond 160 per dollar had currency traders anticipating potential intervention from Japan to stabilize it.The dollar reached six-week highs against the pound and the New Zealand dollar, and at 160.7 yen it traded near Thursday’s 38-year peak. The cautious sentiment left high-valuation sectors of financial markets particularly exposed, with Nasdaq futures falling by 0.5%.

Sensex Today | Stock Market LIVE Updates: Oil prices slide on fears of slow US demand

Oil prices dipped in early Asian trade on Thursday due to an unexpected increase in U.S. stockpiles, raising concerns about sluggish demand from the largest oil consumer. However, fears of a possible escalation in the Gaza conflict disrupting supplies from the Middle East limited the extent of the decline.

Sensex Today | Stock Market LIVE Updates: Battered yen pinned near multi-decade low amid resilient dollar

On Thursday, the yen hovered near a 38-year low and continued to trade below 160 per dollar, prompting market vigilance for potential intervention by Japanese authorities to support the currency.

Sensex Today | Stock Market LIVE Updates: Gold prices hover near two-week low on firm dollar, yields

Gold prices remained steady on Thursday after hitting a two-week low in the previous session, as the dollar and Treasury yields stayed firm ahead of a crucial inflation reading expected later this week.

Sensex Today | Stock Market LIVE Updates: Stocks in news: Inox Green, Titagarh Rail, India Cements, Dr Reddy’s, Bharti Airtel

In today’s trading session, shares of Inox Green, Titagarh Rail, India Cements, Dr. Reddy’s, and Bharti Airtel will be in the spotlight due to various news-related developments.

Sensex Today | Stock Market LIVE Updates: Stock Radar: 20% rally in 3 months! UPL breaks out of a downward sloping channel; should you buy?

UPL Ltd, a key player in the agrochemical sector, has surged approximately 20% over the past three months, breaking out of a downward-sloping channel on daily charts. Experts suggest that this breakout could pave the way for the stock to climb higher, potentially reaching 600 levels within the next 1-2 months.

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

Equity markets continued their upward trend as the bulls maintained control, driving the benchmark Nifty to a new all-time high. However, mid- and small-cap stocks experienced profit-taking due to valuation concerns.

Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade CESC, Raymond and Mazagon Dock Shipbuilders

Stocks that hit fresh record highs include CESC, which rose over 11%, Raymond, which increased by more than 8%, and Mazagon Dock Shipbuilders, which closed with gains of over 2% on Wednesday.

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

GIFT Nifty on the NSE IX traded lower by 58.5 points, or 0.25 per cent, at 23,803, signaling that Dalal Street was headed for negative start on Thursday.

Sensex Today | Stock Market LIVE Updates: Rupee falls 14 paise to close at 83.57 against US dollar

The rupee depreciated by 14 paise against the US dollar, settling at 83.57 on Wednesday. This decline was influenced by the strength of the American currency in the overseas market and elevated crude oil prices.

Sensex Today | Stock Market LIVE Updates: Wall Street ends slightly up, trade choppy ahead of inflation data

Major US stock indexes ended Wednesday with modest gains following a volatile trading session. Investors were cautious ahead of an upcoming presidential debate and a closely watched inflation report by Federal Reserve policymakers.

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms ‘3 Advancing Soldiers’ pattern

Nifty ended Wednesday’s session 147.5 points higher, reaching a new peak at the 23,889 level and forming a long bull candle on the daily charts. Three consecutive bull candles indicate the formation of a ‘Three Advancing Soldiers’ pattern, signaling a short-term upside continuation.

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

The 30-stock S&P BSE Sensex reached a new high of 78,759.4, before closing at 78,674, up by 621 points or 0.80%. Meanwhile, the broader Nifty hit a record high of 23,889.90 before ending the day at 23,869, gaining 147.50 points or 0.62%.