Share Market HIGHLIGHTS: Nifty reclaims 18,800, Sensex ends 467 pts higher aided by financial stocks
Share Market HIGHLIGHTS: The bulls were in the drivers seat on Friday as the market witnessed a broad-based rally on Dalal Street. 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 bulls were in the driver's seat on Friday as the market witnessed a broad-based rally on Dalal Street. The S&P BSE Sensex jumped 467 points, or 0.74 per cent to settle at 63,384.58. The broader Nifty50 index of the National Stock Exchange surpassed the crucial 18,800 mark to end the session at 18,826, up 138 points, or 0.74 per cent.
“Nifty witnessed a strong opening on the back of buoyant US markets which was followed by consolidation during the first half of the trading session. The momentum picked up in the second half of the trading session supported by Reliance and Bank Nifty which witnessed increased traction towards the end of the day. Nifty, as well as the RSI, has witnessed a bullish triangle pattern on the hourly charts which can keep the strength in the stock intact. A bullish crossover has been seen in MACD which can give an additional thrust to the index going forward. Nifty traded within the striking distance of lifetime high levels and managed to close comfortably above 18,800 levels which can push the index towards 19,000 levels in the coming days," said Gaurav Bissa, VP, InCred Equities.
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Share Market HIGHLIGHTS | Nifty reclaims 18,800, Sensex ends 467 pts higher
Nifty 50
NSE's Nifty50 index surpassed the crucial 18,800 mark to end the session at 18,826, up 138 points, or 0.74 per cent.
Source: NSESensex
S&P BSE Sensex jumped 467 points, or 0.74 per cent to settle at 63,384.58.
Source: BSE
Share Market HIGHLIGHTS | HDFC Life, SBI Life, Bajaj Finserv rise most in 50-scrip blue-chip basket
HDFC Life, SBI Life, Bajaj Finserv and Dr Reddy's are among the top gainers in the Nifty basket, trading with gains of around 6-2 per cent. On the other hand, Wipro, Bajaj Auto, TCS and BPCL are among the top losers.
Source: NSE
Share Market Today LIVE | Wipro drops as stock trades ex-date for share buyback today
India’s third largest IT company, Wipro traded ex-date for its share buyback offer today. Shares of the IT major trade at Rs 385.9, down by Rs 3.05 or 0.78 per cent on NSE. Read more
Nifty Today LIVE | HDFC Bank, RIL, ITC among top movers
HDFC Bank, RIL, ITC and HDFC are the top movers in Nifty baskets at this hour. On the contrary, TCS, Bajaj Auto, Wipro and HCL Tech 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 | This multi-bagger tyre stock gains on robust business outlook, up 127% in a year – should you buy?
Shares of CEAT Limited – a tyre manufacturing company – gained during Friday’s session after the firm’s management gave a strong business outlook during the analysts’ meet on Thursday. The stock grew over 1.5 per cent to touch the day’s high level of Rs 2106.95 per share on the BSE today. Read more
Share Market Today LIVE | Ashok Leyland rises on strong management commentary; here's what Anil Singhvi recommends
Ashok Leyland shares are in high demand on Friday as investors cheered the commercial vehicle maker’s strong business outlook. The stock of Ashok Leyland – a Hinduja group company – gained as much as seven per cent to Rs 167.8 apiece on BSE. The stock is trading near its 52-week level of Rs 169.4 per share, touched on June 09, 2022.
Key takeaways from Ashok Leyland investors' meet:
The company's management made robust commentary in a meeting with investors. Here are some highlights:
- Ashok Leyland aspires to grow profitably in the domestic medium and heavy commercial vehicle (M&HCV) market
- It aims to expand its non-M&HCV revenue at a faster pace
- It showcased an inflection point for Switch Mobility (EVs) as it prepares to launch six platforms in two years. Read more
Share Market Today LIVE | BHEL, Titagarh Rail consortium bags contract for Vande Bharat trains; stocks rally
State-owned Bharat Heavy Electricals (BHEL) and manufacturer of railway wagons Titagarh Rail System (TRSL) shares are in demand on Friday after a consortium of TRSL and BHEL inked a contract with Indian Railways for the manufacturing of 80 Vande Bharat sleeper trains.
BHEL's stock opened at Rs 86 and gained as much as over 2 per cent to touch the day's high of Rs 86.30 from the previous close of Rs 84.55 on the NSE. Shares of Titagarh Rail Systems, trading under the name of Titagarh Wagons on the NSE, opened at Rs 428 and gained as much as over 3 per cent to touch the day's high of Rs 430 from the previous close of Rs 416.15 on the NSE. Read more
Share Market Today LIVE | Nifty Midcap 100 hits record high
The Nifty Midcap 100 Index hit a record high of 35,132.30 points on Friday. Ashok Leyland, LIC Housing Finance, IDFC First and Torrent Power are among the top gainers of the Nifty Midcap 100. Godrej Properties, Tata Teleservices and Gujarat Gas are among the top losers.
Source: NSE
Share Market Today LIVE | Divi's Labs, M&M, Godrej Properties, Godrej Consumer, LTIMindtree among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Sumeet Bagadia, Rajesh Palviya, Sacchitanand Uttekar and Siddharth Sedani 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 Divi's Labs, M&M, Godrej Properties, LTIMindtree and Godrej Consumer Products. Read more
Share Market LIVE Updates: Rupee Outlook
Rupee continued to gain after the Federal Reserve decided to keep rates on hold for the first time after 10 straight increases since March 2022. The dollar weakened sharply against its major crosses and too helped the rupee gain. Motilal Oswal expects the USDINR(Spot) to trade sideways and quote in the range of 81.80 and 82.30
Share Market LIVE Updates: IKIO Lighting management after bumper listing
"We mean business... We will continue to work just as hard. We thank investors for putting their trust in us," IKIO Lighting Managing Director Hardeep Singh told Zee Business.
The company has registered revenue growth of 25-30% in the last 2-3 years, a trend it expects to continue will try to maintain at least the same level of growth in revenue as well as profit, if not exceed it, IKIO Lighting CFO Subash Agrawal said.
Share Market LIVE Updates: IKIO Lighting makes strong market debut
IKIO Lighting Ltd made a strong market debut at a premium of 37 per cent to Rs 392 apiece as against to issue price at the upper band of Rs 285 per share. The listing took place more than expected by the Street, considering its strong focus on R&D and backward integration. Read More
What should investors do?
Anubhuti Mishra, Equity Research Analyst at Swastika Investmart still has a positive view on the stock amid its well-established relationship with clients, and its consistent financial performance and thus suggest investors to ‘hold’ this stock for a longer period by keeping a stop loss 10 per cent below its listing price.
Share Market LIVE Updates: Stock of the day
Why Zee Business Managing Editor Anil Singhvi is bullish on Ashok Leyland shares? Check his view and target price here:
Share Market LIVE Updates: Anil Singhvi Strategy
Zee Business Managing Editor Anil Singhvi shares his strategy for the June 16 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
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 Friday. Check out which stocks are on analysts Kushal Gupta and Varun Dubey's radar, and what they recommend in cash and derivative segments.
Share Market Live Updates: Global Markets
The S&P 500 and Nasdaq surged on Friday to close at their highest in 14 months, as investors cheered economic data that fueled bets that the US Federal Reserve is nearing the end of its aggressive interest-rate hike campaign.
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