Share Market HIGHLIGHTS: Nifty reclaims 18,600, Sensex up nearly 100 pts powered by IT stocks
Share Market HIGHLIGHTS: The benchmark indices closed in positive territory on Monday, thus snapping a two-day losing streak. 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 HIGHLIGHTS: The benchmark indices closed in positive territory on Monday, thus snapping a two-day losing streak. The S&P BSE Sensex ended at 62,724.71, up 99 points, or 0.16 per cent while the NSE's Nifty ended at 18,601.50, up 38 points, or 0.21 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:
Latest Updates
Share Market HIGHLIGHTS: Nifty reclaims 18,600, Sensex up nearly 100 pts
Nifty 50
NSE's Nifty ended at 18,601.50, up 38 points or 0.21 per cent.
Source: NSE
Sensex
The S&P BSE Sensex ended at 62,724.71, up 99 points or 0.16 per cent.
Source: BSE
Share Market HIGHLIGHTS | BPCL, HCL Tech, Infy rise most in 50-scrip blue-chip basket
BPCL, HCL Tech, Infy and NTPC are among the top gainer, up nearly 3-2 per cent in the Nifty basket. On the other hand, Power Grid, L&T, Cipla and Maruti Suzuki are among the top losers, down around 1 per cent.
Source: NSE
Share Market Tips LIVE | AAVAS Financiers hits 52-week low
AAVAS Financiers shares fall by as much as Rs 19.5 or 1.4 per cent to Rs 1,335 apiece on BSE, sliding below its previous trough of Rs 1,345.9, hit last week.
Source: BSE
Share Market Tips LIVE | Buy JK Tyres, Aegis Logistics shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Aegis Logistics shares for a target of Rs 365 with a stop loss at Rs 340. Besides, he also recommends buying JK Tyres for a target of Rs 205 with a stop loss at Rs 182.
Share Market Today LIVE | Large deals take Zomato to 52-week high
Zomato shares rise by Rs 2.7 or 3.5 per cent to Rs 80.3 apiece on BSE, surpassing the 52-week high of Rs 78 apiece last week, amid large deals.
As many as 20 lakh shares of the food delivery company changed hands, according to provisional exchange data.
Image: Reuters
Share Market Today LIVE | IEX shares snap two-day losing streak, rise over 3%
Shares of Indian Energy Exchange snaps the two-day losing streak and climbs as much as 3.5 per cent on BSE, touching the day’s high of Rs 126.90 apiece on Monday. The stock has soared after losing over 18 per cent in the last two trading sessions after news reports said the Power Ministry has asked the Central Electricity Regulatory Commission (CERC) to introduce the ‘market coupling’ mechanism for spot power trading. The scrip had recorded a 52-week low on June 9 last week at Rs 116 apiece.
Share Market Today LIVE | Glenmark Life hits 52-week high as reports say Sekhmet and Nirma Group in race to acquire company
Shares of the pharmaceutical company Glenmark Life Sciences today, June 12, hit a fresh 52-week high of Rs 619.30 apiece on the BSE. During Monday's trading session, the stock gained as much as 4.9 per cent on the BSE. The script zoomed after reports said that Mumbai-based pharmaceutical company Sekhmet Pharmaventures and Ahmedabad-based Nirma Group are in race to acquire Glenmark Life Sciences. According to reports, ChrysCapital, GIC, and Canada's CDPQ have also shown interest in buying Glenmark Life Sciences.
Can Fin Homes, Apollo Tyres, BEL, Lodha, Zomato hit 52-week highs
As many as 27 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
Stock CMP 52-week high Previous 52-week high ABCAPITAL 177.3 177.3 176.55 (02 Jun 2023) AIAENG 3,258.10 3,258.10 3,234.25 (09 Jun 2023) APOLLOTYRE 406.1 408.55 406.40 (09 Jun 2023) ASTRAL 1,992.25 2,018.90 1,995.95 (09 Jun 2023) BEL 120.65 123.9 121.50 (09 Jun 2023) CANFINHOME 753.25 754.75 752.80 (07 Jun 2023) CHOLAHLDNG 859.5 889.95 875.35 (09 Jun 2023) DELTACORP 248.75 254.7 248.60 (09 Jun 2023) FDC 310.5 322.7 317.75 (31 Oct 2022) HAL 3,655.45 3,799.80 3,785.00 (09 Jun 2023) HEG 1,397.15 1,405.00 1,394.00 (09 Jun 2023) JUSTDIAL 767 774.3 772.50 (09 Jun 2023) KPRMILL 637.7 648.95 638.55 (22 Aug 2022) LLOYDSME 359 359.9 356.00 (09 Jun 2023) LODHA 616.8 623.35 611.45 (09 Jun 2023) NH 955.9 959.2 946.90 (08 Jun 2023) NLCINDIA 101.8 102.9 102.50 (08 Jun 2023) NTPC 185.8 186.4 184.35 (09 Jun 2023) PFC 201.8 202.65 199.45 (09 Jun 2023) PRESTIGE 549.2 552.95 542.00 (08 Jun 2023) PRINCEPIPE 663.85 675 663.90 (29 May 2023) RAMCOCEM 933.7 939.95 937.35 (09 Jun 2023) RECLTD 154.5 154.95 149.50 (09 Jun 2023) SONATSOFTW 1,030.00 1,078.15 1,052.95 (09 Jun 2023) SUZLON 14.88 15.05 14.59 (07 Jun 2023) TVSMOTOR 1,343.15 1,384.55 1,354.65 (07 Jun 2023) ZOMATO 78.97 80.3 77.95 (09 Jun 2023) NTPC hits 52-week high
NTPC shares gain by as much as Rs 3.7 or two per cent to clock a 52-week high of Rs 186.4 apiece, surpassing an earlier peak of Rs 184.4 touched last week.Image: BSEShare Market LIVE | Cochin Shipyard rises after bagging order worth Rs 300 crore
Shares of Cochin Shipyard rallied on Monday's trade after one of the largest shipbuilding and maintenance facility companies emerged as L1 (lowest bidder) for an order worth Rs 300 crore by the Indian Navy. The stock quotes Rs 559.20, up by Rs 19.45 or 3.60 per cent. Cochin Shipyard shares jumped as much as 6.35 per cent to Rs 574 on Monday from the previous close of Rs 539.75 on the NSE. Read more
Share Market LIVE | GHCL Textiles shares list at Rs 72 apiece after demerger from GHCL
GHCL Textiles shares are listed on the stock exchange today, June 12, 2023, at Rs 72 apiece. According to Zee Business Research, the fair value of a share is Rs 75 apiece. GHCL Textiles share locked in a 5 per cent lower circuit at Rs 71.25 apiece on BSE and at Rs 69.95 apiece on NSE. Read more
Nifty Today LIVE | Infy, ICICI Bank, HCL Tech among top movers
Infy, ICICI Bank, HCL Tech and TCS are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, L&T, HDFC Bank, Titan and ITC are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSEShare Market Today LIVE | TVS Motor, UltraTech Cement among others trade near 52 week high by sectors
ICICIdirect identifies stocks trading at or near 52-week high by sectors. The list includes TVS Motor, UltraTech Cement IndusInd Bank and others.
Share Market Today LIVE | Go Fashion slips 5% after multiple block deals
Shares of Go Fashion which owns women's wear brand Go Colors trade at Rs 1,137.95, down Rs 56.65 or 4.74 per cent. The stock slipped as much as 5.07 per cent to Rs 1,133.30 apiece on the BSE in the opening deals as multiple block deals took place in the stock. As per Zee Business Research, Sequoia Capital was expected to sell 55 lakh company shares or an entire 10.18 per cent stake via a block deal today. The deal value stands around Rs 625 crore, the report added. The floor price has been set at Rs 1,135 apiece. Read more
Share Market Today LIVE | Zomato, Apollo Hospitals, United Spirits, Linde India among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta and Sandeep Jain share their top recommendations in the special segment, Pick of the Week.
On the top analysts' 'buy' list are stocks such as Zomato, Apollo Hospitals, United Spirits, Linde India, ACC, Dwarikesh Sugar, Dhampur Sugar Mills, HAL, Garden Reach and Bharat Dynamics. Read more
Traders' Diary | Buy, sell or hold strategy on Infosys, Titan, Dixon Tech, Tata Steel, IndiGo, 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 Monday. Check out which stocks are on analysts Kushal Gupta and Varun Dubey'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 Lincoln Pharma shares in the spot market for a target of Rs 392 with a stop loss at Rs 375. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the Nifty index at 18,465-18,535 on Monday, June 12. For the Nifty Bank, the market guru sees support at 43,825-43,925 levels and a strong buy zone at 43,675-43,750 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Cochin Shipyard, Go Fashion, Titagarh Rail, Indian Oil Corp, Star Health among top stocks to track today
Let's take a look at the top stocks that may remain in focus today.
Cochin Shipyard said that it has been declared L1 (lowest bidder) by the Indian Navy for the MR/mid-life upgrade of an Indian Naval Ship. The final contract is expected to be executed in due course, with an estimated value of approximately Rs 300 crore.
AMCs: In its latest report, Jefferies notes that the equity fees of large asset management companies (AMCs) may fall around 30 bps on proposed caps on fees of equity-linked assets under management (AUMs). Further, it could impact profit by 50 per cent for large AMCs. Read more
Share Market Today LIVE: Nifty hovers around 18,600, Sensex up 100 pts
Nifty 50
NSE's Nifty quoted 29 points or 0.16 per cent higher at 18,592.70 levels in the early morning deals.
Source: NSE
Sensex
S&P BSE Sensex traded 120 points, or 0.19 per cent higher at 62,745.87 in the early morning deals.
Source: BSE
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