Share Market HIGHLIGHTS: Sensex leaps 418 pts, Nifty reclaims 18,700 as bulls remain in charge for 2nd day; Tata Consumer, Cipla, ITC top gainers
Share Market HIGHLIGHTS: Buying in heavyweights such as RIL, ITC, ICICI Bank, Infosys, and Axis Bank helped benchmark indices settle with over 0.6 per cent gains on Tuesday. At close, the S&P BSE Sensex stood at 63,143.16, up 418 points, or 0.67 per cent while the NSE's Nifty ended at 18,716.15, up 115 points, or 0.62 per cent.
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:
Share Market HIGHLIGHTS: Buying in heavyweights such as RIL, ITC, ICICI Bank, Infosys, and Axis Bank helped benchmark indices settle with over 0.6 per cent gains on Tuesday. At close, the S&P BSE Sensex stood at 63,143.16, up 418 points, or 0.67 per cent while the NSE's Nifty ended at 18,716.15, up 115 points, or 0.62 per cent.
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 | Tata Consumer, Cipla, ITC rise most in 50-scrip blue-chip basket
Tata Consumer, Cipla, ITC and Titan are among the top gainers in the Nifty basket, trading with gains of around 2 per cent. On the other hand, Kotak Bank, Adani Enterprises and Adani Ports are among the top losers, down nearly 1 per cent.
Source: NSE
Share Market HIGHLIGHTS | Sensex up 418 pts, rises for 2nd day; Nifty reclaims 18,700
Nifty 50
NSE's Nifty ended at 18,716.15, up 115 points, or 0.62 per cent.
Source: NSE
Sensex
S&P BSE Sensex stood at 63,143.16, up 418 points, or 0.67 per cent.
Source: BSE
EXPERT VIEW: Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services
The rupee traded in a narrow range after the release of India's inflation and IIP numbers. Inflation grew at 4.3 per cent in May as compared to 4.7 per cent in the previous month. On the other hand, industrial production data showed industrial activity grew by 4.2 per cent in April, compared to a growth of 1.7 per cent in the previous month. The focus now shifts to the all-important FOMC policy statement that is scheduled to be released tomorrow. The projection of inflation and growth will also be important, and that could trigger volatility for the dollar. Today, the focus will be on the US inflation number, and this will be important ahead of the Fed policy statement. We expect the USDINR (spot) to trade sideways and quote in the range of 82.20 and 82.80.
Share Market Today LIVE | L&T bags ‘significant’ orders for hydrocarbon business; trades near 52-week high
Larsen and Toubro Ltd, NSE: LT shares are trading near a 52-week high of Rs 2,416.35b (May 2, 2022) after the Hydrocarbon business of Larsen & Toubro (L&T), has secured an offshore project from a prestigious overseas client. The stock trades at Rs 2,352.55, up by 0.54 per cent on NSE.
Share Market Today LIVE | Bombay Burmah, Tanla Platforms, Tata Communications rise most among almost 341 gainers in BSE 500 universe
On the other hand, Rajesh Exports, InterGlobe Aviation and NLC India are the worst hit among the 158 laggards.
Source: BSE
Nifty Today LIVE | RIL, ITC, Infy among top movers
RIL, ITC, Infy and HUL are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, Kotak Bank, State Bank of India, M&M and HDFC Bank 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 | IOCL, BPCL touch 52-week highs after crude oil plunges; what should you do?
Oil marketing companies (OMCs) stocks such as Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) touched their respective 52-week highs of Rs 93.1 and 376.9 apiece during Tuesday’s session after the crude oil prices dipped nearly 4 per cent to below $72 per barrel. Read more
Share Market Today LIVE | HCL Tech, IOC, BPCL, Triveni Engineering among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta and Avinash Gorakshakar share their top recommendations for the day in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as HCL Tech, IOC, BPCL and Triveni Engineering. Read more
Share Market LIVE Updates: Street divided on Hero Moto after analysts' meeting
Pawan Munjal promoted Hero MotoCorp share price was trading near the flatline during Tuesday’s early morning session on the bourses in an otherwise positive market. The stock dipped nearly 1 per cent to touch the day's low of Rs 2,909 per share on the BSE a day after the auto company’s analyst meeting on Monday. Read More
Share Market LIVE Updates: MRF shares crosses Rs 1 lakh per share mark
Shares of MRF - a tyre maker company - crossed the Rs 1,00,000 per share mark in today's trading session, becoming the first Indian company to do so in absolute value terms.
"The technical chart analysis indicates that there is further potential for growth, as we can observe a breakout pattern known as a classical flag formation. This pattern suggests that the stock's upward momentum is likely to continue, with a potential target of around 1,10,000 per share," Santosh Meena, Head of Research, Swastika Investmart said in his note.
Share Market LIVE Updates: Opening Bell
Share Market LIVE Updates: Nifty and Nifty Bank Outlook
Nifty immediate support at 18550 then 18480 zones while resistance at 18777 then 18888 zones. Now it has to cross and hold above 18636-18676 zones to witness an up move towards 18777 and 18888 zones while on the downside support exists at 18550 and 18480 zones.
Bank Nifty support at 43750 then 43500 zones while resistance at 44250 then 44500 zones. Now it has cross and hold above 44044 zones for an up move towards 44250 then 44500 zones while on the downside support is seen at 43750 then 43500 levels.
-- Siddhartha Khemka Head, Retail Research, Motilal Oswal Financial Services
Share Market LIVE Updates: Asain Markets Update
Asian markets open on a strong note with support from a rally on Wall Street amid optimism that the Federal Reserve will pause its most-aggressive tightening campaign in decades.
- Japan’s Nikkei 225 gained nearly 2 per cent.
- Hong Kong’s Hang Seng was up around 0.6 per cent.
- China’s Shanghai Composite was flat with a negative bias.
- South Korea’s KOSPI was up more than 0.5 per cent.
Share Market LIVE Updates: Anil Singhvi Strategy
Zee Business Managing Editor Anil Singhvi shares his strategy for the June 13 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
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— Zee Business (@ZeeBusiness) June 13, 2023