Share Market HIGHLIGHTS: Sensex gains 274 pts to end at 65,479, Nifty at 19,389; Bajaj twins soar
Share Market HIGHLIGHTS: The dream run continued on Dalal Street as the benchmark indices settled at fresh closing peaks for the fourth session in a row. At close, the S&P BSE Sensex stood at 65,479.05, up 274 points, or 0.42 per cent. During the day, the 30-share index surpassed the 65,650 level and hit an all-time high of 65,672.97. Similarly, the NSE's Nifty ended at 19,389, up 66 points, or 0.34 per cent. During the session, the index hit an all-time high of 19,434.15 points. Nifty Bank hit a high of 45,655.50 during the day. The index eventually settled at 45,301.45. Analysts on Dalal Street eagerly await the onset of the corporate earnings season for domestic cues, with Tata Consultancy Services (TCS) slated to report its financial results for the April-June period on July 12.
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: The dream run continued on Dalal Street as the benchmark indices settled at fresh closing peaks for the fourth session in a row. At close, the S&P BSE Sensex stood at 65,479.05, up 274 points, or 0.42 per cent. During the day, the 30-share index surpassed the 65,650 level and hit an all-time high of 65,672.97. Similarly, the NSE's Nifty ended at 19,389, up 66 points, or 0.34 per cent. During the session, the index hit an all-time high of 19,434.15 points. Nifty Bank hit a high of 45,655.50 during the day. The index eventually settled at 45,301.45. Analysts on Dalal Street eagerly await the onset of the corporate earnings season for domestic cues, with Tata Consultancy Services (TCS) slated to report its financial results for the April-June period on July 12.
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 | Sensex gains 274 pts to end at 65,479, Nifty at 19,389
Nifty 50
NSE's Nifty ended at 19,389, up 66 points, or 0.34 per cent.
Source: NSE
Sensex
S&P BSE Sensex stood at 65,479.05, up 274 points, or 0.42 per cent.
Source: BSE
Share Market HIGHLIGHTS | Bajaj Finance, Bajaj Finserv, Hero MotoCorp rise most in 50-scrip blue-chip basket
Bajaj Finance, Bajaj Finserv, Hero MotoCorp and TechM are among the top gainers in the Nifty basket, trading with gains of around 7-2 per cent. On the other hand, Eicher Motors, Bharti Airtel and Grasim are among the top losers, down nearly 6-1 per cent.
Source: NSE
Share Market Today LIVE | Aster DM Healthcare, Bajaj Finance, FDC rise most among almost xx gainers in BSE 500 universe
On the other hand, Eicher Motors, Rajesh Exports and IDFC First Bank were the worst hit among the laggards.
Source: BSE
Share Market Today LIVE | This multi-bagger consumer electronics company's stock zoomed 16% in today's trade; here's why
Shares of HPL Electric & Power on Tuesday zooms nearly 16 per cent on the back of receiving Rs 903 crore smart meter orders. Further, HPL Electric & Power's orders bolster HPL's total pending pipeline order book, now totalling more than Rs 2,250 crore, the company said in its press release. The filing added, "These significant smart meter orders underscore HPL Electric & Power Ltd.'s commitment to innovation and reinforce its role in India's mass smart-meter adoption. The company's dedication to research and development enables the delivery of technologically complex solutions that cater specifically to the Indian market." Read more
Share Market Today LIVE | Top investment ideas as market scales fresh peak
The Indian equity market is on a strong footing. After months of tussling, the bulls finally emerged victorious in June, thereby lifting the benchmark indices to fresh record highs. The S&P BSE Sensex has now breezed past 65,500 levels, and the Nifty50 has topped the crucial 19,400 level. Nifty's journey from 18,000 to 19,000 took 425 trading days (from Oct'21-Jun'23). In comparison, the index took only 31 days when it covered the journey from 17,000 to 18,000. Read more
MARKET AT ALL-TIME HIGHS | Sensex above 65,650 mark for the first time ever, Nifty touches 19,434.15.
Nifty Today LIVE | Bajaj Finance, HDFC Bank, HDFC among top movers
Bajaj Finance, HDFC Bank, HDFC and Bajaj Finserv are the top movers in the Nifty baskets at this hour. On the contrary, RIL, Bharti Airtel and Eicher Motors 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 | UltraTech Cement shares make U-turn after hitting record high
UltraTech Cement shares struggle below the flatline, having risen by as much as Rs 37.9 or 0.4 per cent to a record high of Rs 8,501 apiece on BSE earlier in the day.
Image: BSE
Pakistan shares see biggest one-day gain in 15 years post-IMF deal
Pakistan's benchmark share index scored its biggest single-day jump in 15 years on Monday, gaining 5.9 per cent on the first trading session after the country secured a last-gasp funding deal from the International Monetary Fund (IMF).
The country on Friday secured a $3 billion short-term financial package from the IMF, giving its economy some much-awaited respite as it teeters on the brink of default.
IPO Update | Anil Singhvi recommends applying for Senco Gold public offer for listing gains, long term
Zee Business Managing Editor Anil Singhvi has identified the following set of key points about Senco Gold:
Positive:
- Strong background of promoters and PE investors
- Healthy growth trend
- Impressive financial track record
- Attractive valuation
Negative
- Highly competitive business
- Heavy concentration in eastern India
- Debt increased from Rs 530 crore to Rs 1,177 crore in two years
Read more on how market wizard Anil Singhvi views the Samco Gold IPO
Share Market Today LIVE | Rajesh Exports hits 52-week low
Rajesh Exports shares fall by as much as Rs 29.9 or 5.5 per cent to a 52-week low of Rs 513.7, breaching an earlier 52-week trough of Rs 541 apiece (June 28).
Gold Price | Yellow metal rates may remain in a consolidation phase for a while, says Sugandha Sachdeva
Sugandha Sachdeva, Executive Director and Chief Strategist at Acme Investment Advisors, expects gold prices to remain in a consolidation phase for a while. She expects the recent low of around Rs 57,600 per 10 grams in gold futures to entice buying interest and underpin prices "where the recent low of around Rs 57,600 per 10 marks looks to entice buying interest and underpin prices".
"Only in case this crucial level is breached on a closing basis, a further downside towards Rs 56,000 per 10 grams mark looks plausible. In the international markets, prices have formed a strong base around the recent low of $1,890-1,880 per ounce zone, from where they are likely to embark on an uphill journey yet again," she tells Zeebiz.com.
"The long-term story for gold is still intact as lingering geo-political risks, a probable pause in the monetary tightening campaign of the US central bank, the accelerating de-dollarization drive, net gold buying by the central banks for the year, prospects of a growth slowdown caused due to unrelenting rate hikes by the major central banks look to enchant gold investors by the end of the year. Gold is a precious metal that has been used as a store of value for centuries and is likely to remain an attractive investment for investors."
Image: Reuters
Share Market Today LIVE | 25 other stocks hit 52-week highs
As many as 30 stocks in the BSE 500 basket — the broadest index on the bourse — reach the milestone, including the five Sensex stocks.
| Stock | CMP | 52-week high | Previous 52-week high |
| ANGELONE | 1,769.75 | 1,793.95 | 1,765.60 (03 Jul 2023) |
| APARINDS | 3,582.00 | 3,612.55 | 3,560.00 (03 Jul 2023) |
| ASTERDM | 315.45 | 316.65 | 307.55 (15 Jun 2023) |
| ASTRAZEN | 3,763.15 | 3,832.60 | 3,806.00 (03 Jul 2023) |
| BAJFINANCE | 7,854.00 | 7,916.70 | 7,777.00 (22 Sep 2022) |
| BANKBARODA | 204.5 | 204.6 | 199.75 (03 Jul 2023) |
| CANFINHOME | 794.95 | 799.6 | 799.00 (28 Jun 2023) |
| CHOLAFIN | 1,207.25 | 1,209.25 | 1,175.60 (03 Jul 2023) |
| CIEINDIA | 531.6 | 534 | 531.30 (19 Jun 2023) |
| ENDURANCE | 1,661.05 | 1,735.85 | 1,625.20 (16 Jun 2023) |
| EXIDEIND | 239.5 | 241 | 240.75 (03 Jul 2023) |
| IDFC | 112.3 | 115.7 | 110.85 (03 Jul 2023) |
| INDUSINDBK | 1,375.25 | 1,393.65 | 1,386.30 (03 Jul 2023) |
| IOC | 95 | 96.41 | 96.05 (03 Jul 2023) |
| ITC | 462 | 466.05 | 466.00 (03 Jul 2023) |
| JYOTHYLAB | 228.2 | 228.6 | 227.10 (03 Jul 2023) |
| LAOPALA | 459.95 | 470.55 | 454.00 (21 Jun 2023) |
| LLOYDSME | 424.8 | 433 | 418.00 (03 Jul 2023) |
| LODHA | 715 | 722.9 | 708.75 (14 Jun 2023) |
| MAHSCOOTER | 5,649.50 | 5,747.00 | 5,602.60 (15 Nov 2022) |
| MEDANTA | 689.7 | 692 | 682.40 (15 Jun 2023) |
| PFC | 222.65 | 223.75 | 223.25 (03 Jul 2023) |
| RADICO | 1,362.40 | 1,368.90 | 1,288.00 (03 Jul 2023) |
| SHOPERSTOP | 815.5 | 828 | 827.20 (22 Jun 2023) |
| SJVN | 42.6 | 43.6 | 43.35 (03 Jul 2023) |
| SUZLON | 17.97 | 18.22 | 16.86 (03 Jul 2023) |
| TANLA | 1,057.15 | 1,083.45 | 1,080.00 (21 Jun 2023) |
| TITAN | 3,087.85 | 3,089.95 | 3,067.70 (30 Jun 2023) |
| TRENT | 1,762.65 | 1,791.60 | 1,789.95 (03 Jul 2023) |
| ULTRACEMCO | 8,460.00 | 8,501.00 | 8,499.70 (03 Jul 2023) |
Share Market Today LIVE | Bajaj Finance, ITC, Titan, UltraTech, IndusInd touch 52-week highs
All of the five stocks are part of the 30-scrip Sensex basket:
| Stock | CMP | 52-week high | Previous 52-week high |
| BAJFINANCE | 7,848.00 | 7,916.70 | 7,777.00 (22 Sep 2022) |
| INDUSINDBK | 1,375.35 | 1,393.65 | 1,386.30 (03 Jul 2023) |
| ITC | 461.8 | 466.05 | 466.00 (03 Jul 2023) |
| TITAN | 3,087.90 | 3,089.95 | 3,067.70 (30 Jun 2023) |
| ULTRACEMCO | 8,437.10 | 8,501.00 | 8,499.70 (03 Jul 2023) |