Share Market HIGHLIGHTS: Nifty @ record closing high of 19,398.5; Sensex halts record-breaking streak, down 33 pts

Thank you! That's all today on Zeebiz.com's blog on the Indian share market

For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram. 

Share Market HIGHLIGHTS | 

Nifty 50

Nifty ends at a new record closing high of 19,398.5 on Wednesday.

Source: NSE

Sensex

Sensex halts record-breaking streak, ends at 65,446.04, down by 0.05% per cent on Wednesday. 

Source: BSE

Share Market HIGHLIGHTS | Divi's Lab, Bajaj Auto, HDFC Life among the top gainers in the Nifty basket

Divi's Lab, Bajaj Auto and HDFC Life and Hero MotoCorp are among the top gainers in the Nifty basket, trading with gains of around 6-4 per cent. On the other hand, HDFC Bank, HDFC, Eicher Motors and UPL are among the top losers, down around 3-1 per cent.

Source: NSE

Share Market LIVE | Market-cap of BSE-listed firms crosses Rs 3 lakh crore mark

Share Market Today LIVE | Maruti Suzuki shares cross Rs 10,000 level as auto major launches MPV Invicto

Q1 Updates | From Bajaj Finance to Bandhan Bank; here is how financial sector is performing this quarter HDFC merger RBL Bank AU Small Finance

The banking and financial sector performed considerably well in the FY23 year-ending quarter as the majority of the companies managed to recover their loans, thereby minimising the share of non-performing assets. In this quarter, all eyes are on the HDFC merger, as analysts expect that HDFC Bank will be one of the largest lenders after State Bank of India in terms of credit after the merger.

HDFC Bank Q1 update

HDFC Bank witnessed a growth of 15.8 per cent in its advances to approximately Rs 16,15,500 crore as of June 30, 2023, which previously stood at Rs 13,95,100 crore on June 30, 2022. The bank mentioned in its filings that domestic retail loans grew by around 20.0 per cent over June 30, 2022, and around 4.0 per cent over March 31, 2023; commercial and rural banking loans grew by around 29.0 per cent over June 30, 2022, and around 2.0 per cent over March 31, 2023. 

RBL Bank Q1 update

The total deposit for the bank grew by 8 per cent as the deposit jumped from Rs 79,216 crore in June 2022 to Rs 84,887 crore in June 2023. The bank also mentioned in its filings that retail advances grew 32 per cent Y-o-Y while wholesale advances grew 8 per cent Year-on-Year (Y-o-Y) for the quarter ended June 30, 2023. Read more 

Share Market Today LIVE | Equitas Small Finance Bank shares hit record high after lender reports 36.5% growth in Q1 loans

Equitas Small Finance Bank shares registers a record high on Wednesday, after the lender reported strong growth in loans and deposits in the quarter ended June 2023. The Equitas Small Finance Bank stock — traded on the bourses BSE and NSE with the symbol EQUITASBNK — gained by as much as Re 1.4 or 1.5 per cent to Rs 92.5 apiece on BSE, its highest intraday level ever. Read more 

Nifty Today LIVE | HDFC twins, Bajaj twins, RIL among top draggers

HDFC twins, Bajaj twins, RIL and Hindalco are the top draggers in the Nifty baskets at this hour. On the contrary, ICICI Bank, ITC, HUL and Maruti Suzuki are among the top movers.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Share Market Today LIVE | Bajaj Finance, HCL Tech, HUL, UltraTech, ITC and others touch 52-week highs

As many as 8 stocks in the S&P BSE Sensex basket hit 52-week high. 

Share Market Today LIVE | HDFC Bank slips over 3% after Q1 business update; is there a need to worry?

Shares of HDFC Bank shares are trading at 2,797, down by Rs 83.8 or 2.91 per cent on BSE. HDFC Bank shares slipped as much as 3.38 per cent to Rs 1,670.05 apiece on the BSE on Wednesday, a day after the lender released its business update for the quarter ended June 30, 2023 (Q1FY24). Last seen, the bank's share price traded 3.30 per cent lower at Rs 1,671.55.

In its Q1 business update, the private-sector lender announced the following:

The bank’s advances aggregated to approximately Rs 16,155 billion as of June 30, 2023, a growth of around 15.8 per cent over Rs 13,951 billion as of June 30, 2022, and a growth of around 0.9 per cent over Rs 16,006 billion as of March 31, 2023. Gross of transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 20.2 per cent over June 30, 2022, and around 1.9 per cent over March 31, 2023. Read more

Share Market Today LIVE | Samvardhana Motherson jumps nearly 9%, hits 52-week high; Nomura double-upgrades stock to BUY

Samvardhana Motherson International shares are up nearly 7 per cent to trade at Rs 90.99 on NSE. Shares of Samvardhana Motherson International jumped as much as 8.69 per cent to hit a 52-week high of Rs 92.50 apiece on the BSE in the early morning trade on Wednesday, a day after the company announced it would acquire an 81 per cent stake in the four-wheeler business of Yachiyo Industry, a Honda Motor subsidiary. 

SAMVARDHANA MOTHERSON: WHAT BROKERAGES SAY

Reacting to the development, global brokerage firm Nomura has double-upgraded the stock to BUY from Neutral and raised the target price to Rs 105 from Rs 90 earlier. The brokerage notes that the acquisition is at an attractive valuation. Read more

Senco Gold IPO | Subscription update, listing date, what Anil Singhvi recommends, other key details to know

Jewellery retailer Senco Gold's initial public offer (IPO), to raise up to Rs 405 crore, gets fully subscribed on Wednesday, the second day of the bidding process. The Senco Gold IPO comprises fresh issuance of shares up to Rs 270 crore and an offer for sale (OFS) worth Rs 135 crore. The IPO will be open for two more trading days, till July 6.

The Senco Gold IPO received bids for 1.2 crore shares against the 94.2 lakh shares on offer, according to provisional exchange data. Here's how different types of investors responded to the issue: 

What market wizard Anil Singhvi recommends on the Senco Gold IPO

Zee Business Managing Editor Anil Singhvi suggests applying for the Senco Gold IPO for listing gains as well as for the long term. Read more 

Currency update | India rupee slips to a 3-week low of Rs 82.17 against the U.S. dollar  

The rupee weakens by 16 paise to 82.18 against the US dollar on Wednesday, continuing to decline for a second straight day. That marked the lowest level of the rupee against the greenback in three weeks. 

Share Market Today LIVE | Should you buy, sell or hold LTIMindtree, Hero MotoCorp, Axis Bank, RBL Bank, Dixon shares?

As Dalal Street enters the July 5 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are scrips such as LTIMindtree, Hero MotoCorp, Axis Bank, RBL Bank and Dixon Tech.

Do you have any of these stocks in your portfolio?

LTIMindtree shares

Macquarie retained an 'outperform' call on LTIMindtree with a target price of Rs 7,300 (implying upside potential of 39 per cent) 

Samvardhana Motherson International shares

• Nomura double-upgrades Samvardhana Motherson International to 'buy' from 'neutral', raises target by Rs 15 to Rs 105; brokerage says that Motherson International's acquisition of 81 per cent in Honda Motor arm Yachiyo's four-wheeler business is at attractive valuations
• CLSA maintains 'buy' call on Samvardhana Motherson International with a target of Rs 102. Read more 

Traders' Diary | Buy, sell or hold strategy on SBI, LIC Housing Finance, LTIMindtree, RBL Bank, LTTS, over a dozen other stocks today

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta recommends a buy on SBI shares for a target of Rs 700 for a duration of 1 year. He says the stock is a good bet for the long-term in PSU bank space. Read more