Stock Market Live: GIFT Nifty indicates a higher opening for benchmark indices on Wednesday

Jun 19, 2024
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Share Market News Today | Sensex, Nifty, Share Prices Live: Benchmark domestic indices BSE Sensex and NSE Nifty 50 opened record higher on Wednesday.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark equity indices opened Wednesday’s trading session at a record high. The NSE Nifty 50 opened 30.35 points, or 0.13%, higher at 23,558.25, while the BSE Sensex opened 102.02 points, or 0.13%, higher at 77,403.16. The broader indices opened in the green. Bank Nifty index opened 41.35 points, or 0.08%, higher at 50,482.25.

Live Updates

10:25 (IST) 19 Jun 2024

Share market today live updates | Nifty 50 index movers

Courtesy: NSE

10:19 (IST) 19 Jun 2024

Stock market today live updates | Key Levels To Watch On Nifty

“Indian equities are trading at an all-time high zone led by positive macros & US markets scaling to new highs. Further 27% growth in advance direct tax receipts for the Q1FY25 supported the sentiments. We expect the momentum in equities to continue driven by positive global cues, strong domestic macros, and focus on increased government spending in the upcoming budget,” said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

09:49 (IST) 19 Jun 2024

Stock market today live updates | Indus Tower Falls over 7%

The shares of Indus Tower falls over 7% to intra day low of Rs 311.40 on NSE on the following news that On June 19, up to 20 percent equity stake in Indus Towers was sold through block deals, with UK’s Vodafone Group likely being the seller. These transactions, involving 533 million shares of the mobile tower company, amounted to a total of Rs 17,065 crore.

09:26 (IST) 19 Jun 2024

Stock market today live updates | Top gainers and losers

09:15 (IST) 19 Jun 2024

Markets today at open

The NSE Nifty 50 opened 30.35 points, or 0.13%, higher at 23,588.25, while the BSE Sensex opened 102.02 points, or 0.13%, higher at 77,403.16.

09:02 (IST) 19 Jun 2024

Share market today live updates | Choice Broking comments on markets before it open

“We have witnessed nifty moving higher and making fresh all-time highs. Even today, the Nifty is set to make a fresh all-time high with a gap backed by global markets. Traders holding a long position can hold with a trailing stop loss of 23400 on a closing basis,” said Deven Mehata, Research Analyst at Choice Broking. “After a gap up opening, Nifty can find support at 23,500, followed by 23,450, and 23,400. On the higher side, 23,650 can be an immediate resistance, followed by 23,700, and 23,800.”

08:59 (IST) 19 Jun 2024

Stock market today live updates | Gland Pharma might see block deals

Fosun Pharma Industrial Pte may pare its stake in Gland Pharma through block deals after being unable to offload it in one go. The company will sell 5% of the drugmaker for about $172 million through block trade, according to news reports. It has offered 8.2 million shares with the floor price set at Rs 1,750 per share, a discount of 4.9% to the last close.

08:55 (IST) 19 Jun 2024

Share market today live updates | Mehta Equities’ comment on pre-opening

“GIFT Nifty is up by 67 points, standing at 23,557, with market sentiment bolstered by increasing bets on a US soft landing and a potential September rate cut by the Federal Reserve. Technically, Nifty targets are set at 23,750 and 24,000, with critical support at 23,250 and the 200 DMA at 21,268. Options data suggests a trading range of 23,000–24,000, with significant resistance at 24,000 and support at 23,000,” said Prashanth Tapse, Senior Vice Presdient of Research at Mehta Equities.

08:42 (IST) 19 Jun 2024

Stock market today live updates | Tata Power’s arm deploys 850 EV charging points

Tata Power Renewable Energy, a subsidiary of Tata Power, has deployed over 850 electric vehicle charging points in key metropolitan areas, the company announced on Tuesday. With 144 charging points located across Mumbai in areas like Backbay, Worli, Malvani, and Shivaji Nagar-Mankhurd bus depots, TPREL has established a significant presence in cities such as Delhi, Mumbai, Ahmedabad, Bengaluru, Jammu, Srinagar, Dharwad, Lucknow, and Goa. Tata Power has enabled over 2,300 public e-buses nationwide, the company stated.

08:37 (IST) 19 Jun 2024

Share market today live updates | Raymond shareholders against Gautam Singhania’s appointment

Ahead of Raymond Ltd.’s annual general meeting on June 27, Institutional Investor Advisory Services has urged shareholders to vote against Gautam Hari Singhania’s reappointment to the board. “Until the time the divorce-related issues are settled and the results of an independent investigation are received, we expect the board to have both directors — Gautam Singhania and Nawaz Modi — step off the board,” the proxy advisory firm said as a reason for its recommendation.

08:34 (IST) 19 Jun 2024

Stock market today live updates | Indus Towers may see bulk deal

Britain’s Vodafone Group Plc is likely to sell a 9.94% stake in Indus Towers through a bulk deal at a price range of Rs 310–Rs 341 per equity share, amounting the deal between $996 million and $1.1 billion, according to news reports.

08:24 (IST) 19 Jun 2024

Share market today live updates | Sharekhan by BNP Paribas on gold movement

“The US Dollar Index fell on disappointing US retail sales data and rate cut expectations as the ten-year US yields fell over 1.50% to 4.22%. However, the Fed officials continue to be somewhat more hawkish than the markets. Cleveland Fed President Loretta Mester said that she prefers a “longer run of good-looking inflation data” before any significant decisions are taken. Neel Kashkari, President of the Minneapolis Fed, observed that the Fed might wait until December for any further rate cuts, as more data is needed to assess the progress on inflation. Today, trading might be somewhat lacklustre as the US observes the Juneteenth holiday. Spot gold is expected to range trade between $2315 and $2350 with a slight positive bias, though overall, the short-term bias remains bearish,” said Praveen Singh, Associate Vice President of Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.

08:16 (IST) 19 Jun 2024

Stock market today live updates | Kotak Securities on markets before opening

On Tuesday, technically, the market maintained positive momentum throughout the day after a gap-up opening. “On the daily and intraday charts, it (Nifty) is maintaining higher high and higher low formation, which supports a further uptrend from current levels. 23500/77000 would be the key support level for trend-following traders. As long as the market is trading above the same level, the bullish sentiment is likely to continue. On the higher side, the market could move towards 23600-23750/77300-77800. On the other hand, below 23500/77000 the sentiment may change and the index may slip to 23300 or 23200 levels,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.

08:12 (IST) 19 Jun 2024

Share market today live updates | Expert’s outlook on Bank Nifty’s

On Tuesday, the BankNifty index finally broke out of the resistance mark of 50,200 and managed to close above it. “The bullish momentum is likely to continue, potentially driving the index higher towards the 51,000 mark. The undertone remains extremely bullish, and a buy approach is recommended with strong support at the 49,700 mark,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

08:09 (IST) 19 Jun 2024

Share market today live updates | Expert’s outlook on Nifty’s

“Indian equities are trading at an all-time high zone led by positive macros & US markets scaling to new highs. Further 27% growth in advance direct tax receipts for the Q1FY25 supported the sentiments. We expect the momentum in equities to continue driven by positive global cues, strong domestic macros, and focus on increased government spending in the upcoming budget,” said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

08:02 (IST) 19 Jun 2024

Stock market today live updates | FII and DII data

Foreign institutional investors (FII) bought shares net worth Rs 2,569.40 crore. Similarly, domestic institutional investors (DII) bought shares net worth Rs 1,555.73 crore on June 18, 2024, according to the provisional data available on the NSE.

07:57 (IST) 19 Jun 2024

Stock market today live updates | Crude Oil

WTI crude prices were trading at $81.50 down by 0.06%, while Brent crude prices were trading at $85.30 down by 0.04% on Wednesday morning.

07:52 (IST) 19 Jun 2024

Share market today live updates | Dollar Index

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.02% at 105.29 Wednesday morning.

07:38 (IST) 19 Jun 2024

Stock market today live updates | Wall Street sees record high closing

The Wall Street or US market closed a record high on Tuesday as Nvidia’s shares were on a winning spree and marched to new highs, surpassing the market cap of Microsoft. The S&P 500 added 0.25% to settle at 5,487, closing at a fresh record. Similarly, the tech-heavy Nasdaq Composite moved 0.03% higher to end at 17,862.23. The Dow Jones Industrial Average rose 56.76 points, or 0.15%, to end at 38,834.86. 

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