Share Market HIGHLIGHTS: Nifty reclaims 18,700, Sensex up 350 pts aided by financial, FMCG, auto shares
Share Market LIVE Updates: Indian equity benchmarks clocked sharp gains on Wednesday backed by broad-based gains, with financial, FMCG and auto shares being the top movers. Catch minute-by-minute updates of all the action in the Indian share market, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
Share Market LIVE Updates: Indian equity benchmarks clocked sharp gains on Wednesday backed by broad-based gains, with financial, FMCG and auto shares being the top movers. Analysts awaited the outcome of bi-monthly deliberations by the RBI's Monetary Policy Committee due on Thursday for domestic cues.
Both headline indices continued to rise for the fourth session in a row. The Sensex added 350.1 points or 0.6 per cent to finish at 63,143 and the Nifty settled at 18,726.4, up 127.4 points or 0.7 per cent from its previous close.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market HIGHLIGHTS | Nifty reclaims 18,700, Sensex up 350 pts
Nifty 50
Nifty settled at 18,726.4, up 127.4 points or 0.7 per cent from its previous close.
Source: NSESensex
The Sensex added 350.1 points or 0.6 per cent to finish at 63,143.
Source: BSE
Share Market HIGHLIGHTS | Britannia, Tata Consumer, BPCL rise most in 50-scrip blue-chip basket
Britannia, Tata Consumer Products, BPCL and Nestle India are among the top gainers in the Nifty basket, trading with gains of 4-3 per cent. On the other hand, Cipla, Kotak Bank, Bajaj Finance and Maruti Suzuki are among the top losers, down nearly 1 per cent.
Source: NSE
EXCLUSIVE | Nifty at 40,000? Raamdeo Agrawal says not the right time to stay away from market
Market veteran Raamdeo Agrawal believes it is "not the right time to stay away" from the equity market, he said in an exclusive interaction with Zee Business on Wednesday. His remarks come at a time when the headline Nifty index has come within 225 points — or about one per cent — of its all-time high of 18,888, touched in December 2022. The Nifty Bank scaled a record high of 44,499 on May 30, 2023. Read more
Share Market Tips LIVE | Buy Welspun Corp, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Welspun Corp shares for a target of Rs 295 with a stop loss at Rs 265.
Share Market Today LIVE | Suzlon Energy, Tata Teleservices, RVNL rise most among almost 377 gainers in BSE 500 universe
On the other hand, Cochin Shipyard, Varun Beverages and Wockhardt are the worst hit among the 122 laggards.
Here's a look at the heatmap:
Source: BSENifty Today LIVE | L&T, Infosys, TCS, Nestle India among top movers
Larsen and Toubro, Infosys, TCS and Nestle India are the top movers in Nifty baskets at this hour. On the contrary, ICICI Bank, Kotak Bank, Bajaj Finance and M&M are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Torrent Power hits record high on signing an MOU with Maharashtra government for hydro projects
Torrent Power shares are trading at 658.2, up by 7.51 per cent on NSE. The energy and power company stock reached an all-time high of Rs 671.95 on the NSE. The stock opened at Rs 634.35, up from the previous close of Rs 611.65 The scrip rallied after the Ahmedabad-headquartered company signed a memorandum of understanding (MoU) with the Maharashtra government for the development of three pumped storage hydro projects of 5,700 MW capacity. Read more
Share Market Today LIVE | ICICI Pru, Hero MotoCorp, Colgate among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Ambareesh Baliga, Rakesh Bansal, Kunal Saraogi and Sumeet Bagadia share their top recommendations for the day in this special segment, Pick of the Day. Read more
Maruti Suzuki Launches Jimny | Jimny has been breaking stereotypes for over 5 decades since its global debut in 1970, says Maruti Suzuki India CEO
“We are privileged to introduce the legendary Jimny, a symbol of adventure, into the Indian market. With its timeless design and exceptional off-road capabilities powered by Suzuki's ALLGRIP PRO (4WD) technology, the Jimny has been breaking stereotypes for over 5 decades since its global debut in 1970," says Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India.
"The launch of Jimny (5-door) marks an exhilarating milestone in our SUV portfolio and will play an important role in our goal of becoming the country’s largest SUV maker. We are delighted with the response it has received from both prospective customers and critics alike. We are confident that Jimny will empower customers to explore uncharted territories and power through all obstacles with a #NeverTurnBack attitude," he says.
Here's what else he says:
- India holds a significant position for Suzuki Motor Corp not only as a domestic market but also as a global export base
- India will proudly serve as the mother plant for Jimny
- India will be the first market for its launch
- This (launch) truly reaffirms our commitment to Make In India for the world
Maruti Suzuki rolls out Jimny at starting price of Rs 12,74,000
Maruti Suzuki India announces the launch of its off-roader Jimny at a starting price of Rs 12,74,000. The Jimny will be available for deliveries starting today across all NEXA showrooms in the country, says the country's largest carmaker.
The Jimny will be available in Zeta and Alpha variants with automatic and manual transmission options. The company says the model is targeted to "excite passionate and professional SUV enthusiasts".
Image: Maruti Suzuki
Share Market LIVE Updates: Stocks that hit 52-week highs today
Auto giants such as Maruti Suzuki, Mahindra and Mahindra, Bajaj Auto, and Tata Motors along with other shares from broader markets have hit their respective 52-week highs during Wednesday’s trading session in positive market today.
Below is the list of stocks that touched their 52-week highs:
- Maruti Suzuki
- Mahindra & Mahindra
- Tata Motors
- Hero MotoCorp
- TVS Motor
- Titan
- Axis Bank
- Britannia
- Bajaj Auto
- UltraTech
- Cummins
- Engineers India
- IDFC First
- IDFC
- L&T Financial
- Mahindra CIE
- Suzlon
- Syngene
- Tata Communications
- Sanofi
- Torrent Power
- Trent
- Westlife Foodworld
Share Market LIVE Updates: Traders Dairy
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 Arman Nahar's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Share Market LIVE Updates: Anil Singhvi Market Strategy
Zee Business Managing Editor Anil Singhvi sees support for the Nifty index coming in at 18,465-18,535 levels on Wednesday, June 7. For the Nifty Bank, he sees support at 44,000-44,075 levels and a strong buy zone at 43,825-43,950 levels. Read More
Share Market LIVE Updates: Brokerage Calls
Which stocks to buy? global brokerages give their calls on ONGC, Kotak Bank, Eicher Motors, ITC, and Indian Oil among other stocks ahead of Wednesday's session.
Share Market LIVE Updates: Global Indices
US stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve's policy meeting next week.
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