STOCK MARKET LIVE: Sensex falls 491, Nifty under 11,700 level; check today's stock picks; sell SAIL, Jet Airways, DHFL, and YES Bank shares
Nifty 50 closed at 11,674.85, down 148.45 points or 1.26%; while Sensex ended that day at 38,960.79, down 491.28 points or 1.25%. In the pre-open market, BSE Sensex and NSE's Nifty were trading flat today. Asian Markets today were today mostly trading in the positive territory. At 7:05 am IST, Shanghai Composite was trading at 2,891.58 or 0.33% higher. Hong Kong's Hang Seng index was trading at 27,492.16, up 1.38%, while Nikkei 225 was trading flat (0.029% down) at 21,110.73. Nifty 50 Futures too was 0.38% up at 11,843.25 at 7:15 am. BSE Sensex closed 289.29 points down at 39,452.07. Nifty showed a sharp weakness on Friday, could open up a potential down side pattern target of 11,525 levels in the near term, said Nagaraj Shetti, Technical Research Analyst, HDFC securities.
3:35 pm: Bank Nifty, Nifty Auto, Nifty Financial Services closed over 1% down.
3:32 pm: Nifty 50 closed at 11,674.85, down 148.45 points or 1.26%; while Sensex ended the at 38,960.79, down 491.28 points or 1.25%.
3:28 pm: During the last legs of trading in the markets, majority of the stocks were in the red. Sensex fell below the psychological level of 39,000. Nifty50 too breached the 11,700 level.
3:22 pm: Godrej Agrovet share (BUY)
(Zee Business experts panel stock recommendations): Current market price is Rs 507. An expert on Zee Business TV said this share may go up to Rs 520.
3:18 pm: UPL (Future) SELL:
(Zee Business experts panel stock recommendations): An expert on Zee Business TV recommended short selling on the stock with a target of Rs 976 and stop loss of Rs 1,016.
3:07 pm: NSE's Nifty breached the psychological level of 11,700 and fell below.
3 pm: Bata India share (BUY)
(Zee Business experts panel stock recommendations): An expert on Zee Business TV said that this share is quite good. One may BUY this stock with a stop loss of Rs 1,410. One may make a long position for this stock.
2:45 pm: SAIL share:
Zee Business experts panel stock recommendations): An expert on Zee Business TV recommended SELL on this share.
2:35 pm: HUL share:
(Zee Business experts panel stock recommendations): An expert on Zee Business TV panel said HUL can be bought. The company is in good health and the traders may take opportunity to buy.It can be good stock in the consumption basket. When the share breach the Rs 1,845 level, it may reach up to Rs 1,885 level.
1:45 pm: Nifty near 11,700 level
1:42 pm: Sensex falls 365.01 points to 39,087.06, closer to 39,000 level.
1 pm: HDFC, Maruti Suzuki (Futures) SELL
(Zee Business experts panel stock recommendations): Market expert said that Tina Gadodia recommended SELL on HDFC, Maruti Suzuki (Futures).
Jet Airways, DHFL, and YES Bank shares (SELL):
(Zee Business experts panel stock recommendations): An expert on Zee Business TV panel advised to sell Jet Airways, DHFL, and YES Bank immidiately.
12:47 pm: PC Jeweller, DHFL shares
PC Jeweller today witnessed a massive fall. The stock fell 15.85% to 48.30, while DHFL, which witnessed a selling spree in the recent past, fell over 3%.
12:41 pm: Nifty is negative, it may go further down, says an expert on Zee Business TV panel.
12:39 pm: 16% buying, and 84% selling interest in the markets.
12:19 pm: In the noon trading session, most of the stocks in the BSE's Sensex and NSE's Nifty 50 indices fell, indicating a bearish trend in the markets.
12:01 pm: In the wake of global tensions such as Middle East oil tanker attack, and a tariff war with the US; traders are taking bets very cautiously. Selling pressure witnessed in the maket.
11:44 am: Metal stocks fell heavily today, led by Tata Steel, Jindal Steel, JSW Steel, and SAIL. All of these stocks fell over 3% after US decision of significantly hiking customs duties on certain steel products.
11:24 am: Rupee falls by 9 paise to 69.89 against dollar in early trade
Bajaj Finance share:
(Zee Business experts panel stock recommendations): This share may do well in the coming days, as the government is expected to put focus on consumption growth.
10:33 am: Astral Poly (BUY)
(Zee Business experts panel stock recommendations): This share may do well, as the government is taking steps to supply water to all households across the country. Target for the stock is set at Rs 1,430. Current stock price is Rs 1347.80 on the BSE.
10:28 am: Lux Industries share:
(Zee Business experts panel stock recommendations): Stock market expert Sandeep Wagle said this stock may go up to 1,380-90 if it crosses 13,20 level.
10:25 am: Kaveri Seeds Future (BUY):
(Zee Business experts panel stock recommendations): Stop loss at Rs 482 and target is Rs 500. CMP is 489.
10:14 am: Wipro share (Wait and watch):
(Zee Business experts stock recommendations) Stock market expert Sandeep Wagle said the investors should take a cautious stance in this stock.
10:10 am: BSE Sensex falls 219.67 points or 0.56% to 39,232.40.
10:06 am: Shriram Transport falls about 6% after reports of Piramal selling its entire stake in the company.
10 am: Nifty sectoral indices are in the red. Bank Nifty, Nifty Auto, Nifty IT, Nifty Metal are the top sectoral losers.
9:50 am: Future Retail share:
(Zee Business experts stock recommendations) The stock gained today about 4% after trading lower for quite some time. Stock market expert Rakesh Bansal said the investors should wait and watch before investing in this stock.
9:40 am: Piramal Enterprises share:
After a fall on Friday, the share gained about 2% today (Monday). Market expert Simi Bhaumik said on Zee Business TV that 2,090 would be the crucial resistance point so the investors should keep stop loss at it and this share may go up to 2,140 during the day.
9:30 am: YES Bank, Asian Paints, Infosys, Powergrid, and L&T are the top Sensex gainers.
9:19 am: Sensex today opened at 39,514.36, slightly lower than the previous day's close of 39,452.07.
9:09 am: In the pre-open market, BSE Sensex and NSE's Nifty were trading flat.
(Zee Business TV) Stocks in focus
9 am: PG Electroplast: There was an incident of fire in the washing machine division of the company. However, PG Electroplast said there is adequate insurance cover and they can manage the loss easily.
8:52 am: RITES: The company will hold a meeting on June 24, where it may announce bonus issue.
8:45 am: Deepak Jasani, Head Retail Research, HDFC securities said Indian markets could open flat to mildly lower Monday following similar US markets on Friday and wobbly Asian markets this morning. Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check.
8:40 am: Technical analyst Simi Bhaumik said on Zee Business TV that Nifty at 11,800 can be a trend decider today. Nifty is range bound between 11,800 and 12,000. Support level is 11,800, 11,770 should be the stop loss, she said.
8:30 am: (Zee Business experts stock recommendations) Stock market expert Sandeep Wagle said there might be 100 to 125 points correction from 11,800 levels. Nifty may correct to 11,650 level.
8:20 am: (Zee Business experts stock recommendations) Stock market expert Rakesh Bansal said there might be some corrections in the market.
8:15 am: (Zee Business TV news) Budget 2019 will be presented by Finance Minister Nirmala Sitharaman. Job creation and a boost in investment are likely to be the main focus areas of this Budget.
8 am: India increases import duty on 28 US products.
7:50 am: Larsen & Toubro’s Rs 5,030-crore open offer to acquire 31% stake in Mindtree at Rs 980 a share will open today (Monday) and close on June 29.
7:40 am: Oil prices up on instabilities in the Middle East. Crude oil prices close to $62 per barrel.
7:30 am: After witnessing an upside recovery from the lows in the last session, Nifty showed a sharp weakness on Friday. A long negative candle was formed and the Nifty placed near the crucial support of 11,770 levels, which is a strong support as per the concept of change in polarity, said Nagaraj Shetti.
"We observe a formation of head and shoulder type pattern as per daily timeframe chart (not a classical one) with the neckline placed at 11,770 levels. Hence, a decisive move below this neckline support could open up a potential down side pattern target of 11,525 levels in the near term (this pattern could activate only on a decline below the support of 11,770 levels)," he said.
7:15 am: Nifty 50 Futures for June 19 was trading on the Singapore Exchange at 11,843.25, up 0.38%. Nifty showed a sharp weakness on Friday, could open up a potential down side pattern target of 11,525 levels in the near term, said Nagaraj Shetti - Technical Research Analyst, HDFC securities.
L&T open offer for Mindtree opens today
Nifty 50 closed at 11,674.85, down 148.45 points or 1.26%; while Sensex ended that day at 38,960.79, down 491.28 points or 1.25%. In the pre-open market, BSE Sensex and NSE's Nifty were trading flat today. Asian Markets today were today mostly trading in the positive territory. At 7:05 am IST, Shanghai Composite was trading at 2,891.58 or 0.33% higher. Hong Kong's Hang Seng index was trading at 27,492.16, up 1.38%, while Nikkei 225 was trading flat (0.029% down) at 21,110.73. Nifty 50 Futures too was 0.38% up at 11,843.25 at 7:15 am. BSE Sensex closed 289.29 points down at 39,452.07. Nifty showed a sharp weakness on Friday, could open up a potential down side pattern target of 11,525 levels in the near term, said Nagaraj Shetti, Technical Research Analyst, HDFC securities.
3:35 pm: Bank Nifty, Nifty Auto, Nifty Financial Services closed over 1% down.
3:32 pm: Nifty 50 closed at 11,674.85, down 148.45 points or 1.26%; while Sensex ended the at 38,960.79, down 491.28 points or 1.25%.
3:28 pm: During the last legs of trading in the markets, majority of the stocks were in the red. Sensex fell below the psychological level of 39,000. Nifty50 too breached the 11,700 level.
3:22 pm: Godrej Agrovet share (BUY)
(Zee Business experts panel stock recommendations): Current market price is Rs 507. An expert on Zee Business TV said this share may go up to Rs 520.
3:18 pm: UPL (Future) SELL:
(Zee Business experts panel stock recommendations): An expert on Zee Business TV recommended short selling on the stock with a target of Rs 976 and stop loss of Rs 1,016.
3:07 pm: NSE's Nifty breached the psychological level of 11,700 and fell below.
3 pm: Bata India share (BUY)
(Zee Business experts panel stock recommendations): An expert on Zee Business TV said that this share is quite good. One may BUY this stock with a stop loss of Rs 1,410. One may make a long position for this stock.
2:45 pm: SAIL share:
Zee Business experts panel stock recommendations): An expert on Zee Business TV recommended SELL on this share.
2:35 pm: HUL share:
(Zee Business experts panel stock recommendations): An expert on Zee Business TV panel said HUL can be bought. The company is in good health and the traders may take opportunity to buy.It can be good stock in the consumption basket. When the share breach the Rs 1,845 level, it may reach up to Rs 1,885 level.
1:45 pm: Nifty near 11,700 level
1:42 pm: Sensex falls 365.01 points to 39,087.06, closer to 39,000 level.
1 pm: HDFC, Maruti Suzuki (Futures) SELL
(Zee Business experts panel stock recommendations): Market expert said that Tina Gadodia recommended SELL on HDFC, Maruti Suzuki (Futures).
Jet Airways, DHFL, and YES Bank shares (SELL):
(Zee Business experts panel stock recommendations): An expert on Zee Business TV panel advised to sell Jet Airways, DHFL, and YES Bank immidiately.
12:47 pm: PC Jeweller, DHFL shares
PC Jeweller today witnessed a massive fall. The stock fell 15.85% to 48.30, while DHFL, which witnessed a selling spree in the recent past, fell over 3%.
12:41 pm: Nifty is negative, it may go further down, says an expert on Zee Business TV panel.
12:39 pm: 16% buying, and 84% selling interest in the markets.
12:19 pm: In the noon trading session, most of the stocks in the BSE's Sensex and NSE's Nifty 50 indices fell, indicating a bearish trend in the markets.
12:01 pm: In the wake of global tensions such as Middle East oil tanker attack, and a tariff war with the US; traders are taking bets very cautiously. Selling pressure witnessed in the maket.
11:44 am: Metal stocks fell heavily today, led by Tata Steel, Jindal Steel, JSW Steel, and SAIL. All of these stocks fell over 3% after US decision of significantly hiking customs duties on certain steel products.
11:24 am: Rupee falls by 9 paise to 69.89 against dollar in early trade
Bajaj Finance share:
(Zee Business experts panel stock recommendations): This share may do well in the coming days, as the government is expected to put focus on consumption growth.
10:33 am: Astral Poly (BUY)
(Zee Business experts panel stock recommendations): This share may do well, as the government is taking steps to supply water to all households across the country. Target for the stock is set at Rs 1,430. Current stock price is Rs 1347.80 on the BSE.
10:28 am: Lux Industries share:
(Zee Business experts panel stock recommendations): Stock market expert Sandeep Wagle said this stock may go up to 1,380-90 if it crosses 13,20 level.
10:25 am: Kaveri Seeds Future (BUY):
(Zee Business experts panel stock recommendations): Stop loss at Rs 482 and target is Rs 500. CMP is 489.
10:14 am: Wipro share (Wait and watch):
(Zee Business experts stock recommendations) Stock market expert Sandeep Wagle said the investors should take a cautious stance in this stock.
10:10 am: BSE Sensex falls 219.67 points or 0.56% to 39,232.40.
10:06 am: Shriram Transport falls about 6% after reports of Piramal selling its entire stake in the company.
10 am: Nifty sectoral indices are in the red. Bank Nifty, Nifty Auto, Nifty IT, Nifty Metal are the top sectoral losers.
9:50 am: Future Retail share:
(Zee Business experts stock recommendations) The stock gained today about 4% after trading lower for quite some time. Stock market expert Rakesh Bansal said the investors should wait and watch before investing in this stock.
9:40 am: Piramal Enterprises share:
After a fall on Friday, the share gained about 2% today (Monday). Market expert Simi Bhaumik said on Zee Business TV that 2,090 would be the crucial resistance point so the investors should keep stop loss at it and this share may go up to 2,140 during the day.
9:30 am: YES Bank, Asian Paints, Infosys, Powergrid, and L&T are the top Sensex gainers.
9:19 am: Sensex today opened at 39,514.36, slightly lower than the previous day's close of 39,452.07.
9:09 am: In the pre-open market, BSE Sensex and NSE's Nifty were trading flat.
(Zee Business TV) Stocks in focus
9 am: PG Electroplast: There was an incident of fire in the washing machine division of the company. However, PG Electroplast said there is adequate insurance cover and they can manage the loss easily.
8:52 am: RITES: The company will hold a meeting on June 24, where it may announce bonus issue.
8:45 am: Deepak Jasani, Head Retail Research, HDFC securities said Indian markets could open flat to mildly lower Monday following similar US markets on Friday and wobbly Asian markets this morning. Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check.
8:40 am: Technical analyst Simi Bhaumik said on Zee Business TV that Nifty at 11,800 can be a trend decider today. Nifty is range bound between 11,800 and 12,000. Support level is 11,800, 11,770 should be the stop loss, she said.
8:30 am: (Zee Business experts stock recommendations) Stock market expert Sandeep Wagle said there might be 100 to 125 points correction from 11,800 levels. Nifty may correct to 11,650 level.
8:20 am: (Zee Business experts stock recommendations) Stock market expert Rakesh Bansal said there might be some corrections in the market.
8:15 am: (Zee Business TV news) Budget 2019 will be presented by Finance Minister Nirmala Sitharaman. Job creation and a boost in investment are likely to be the main focus areas of this Budget.
8 am: India increases import duty on 28 US products.
7:50 am: Larsen & Toubro’s Rs 5,030-crore open offer to acquire 31% stake in Mindtree at Rs 980 a share will open today (Monday) and close on June 29.
7:40 am: Oil prices up on instabilities in the Middle East. Crude oil prices close to $62 per barrel.
7:30 am: After witnessing an upside recovery from the lows in the last session, Nifty showed a sharp weakness on Friday. A long negative candle was formed and the Nifty placed near the crucial support of 11,770 levels, which is a strong support as per the concept of change in polarity, said Nagaraj Shetti.
"We observe a formation of head and shoulder type pattern as per daily timeframe chart (not a classical one) with the neckline placed at 11,770 levels. Hence, a decisive move below this neckline support could open up a potential down side pattern target of 11,525 levels in the near term (this pattern could activate only on a decline below the support of 11,770 levels)," he said.
7:15 am: Nifty 50 Futures for June 19 was trading on the Singapore Exchange at 11,843.25, up 0.38%. Nifty showed a sharp weakness on Friday, could open up a potential down side pattern target of 11,525 levels in the near term, said Nagaraj Shetti - Technical Research Analyst, HDFC securities.
L&T open offer for Mindtree opens today