Share Market HIGHLIGHTS: Sensex ends volatile session 165 pts higher, Nifty at 19,414; TCS gains 3%, Wipro 1%
Share Market HIGHLIGHTS: After scaling a new high in the morning deal, the S&P BSE Sensex pared its gains later but still ended in the green on Thursday (July 13). At close, the S&P BSE Sensex stood at 65,558.89, up 165 points, or 0.25 per cent while the NSE's Nifty ended at 19,414, up 29 points, or 0.15 per cent. The headline indices declined as heavyweights Reliance Industries (RIL), Maruti, and PowerGrid witnessed selling.
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: After scaling a new high in the morning deal, the S&P BSE Sensex pared its gains later but still ended in the green on Thursday (July 13). At close, the S&P BSE Sensex stood at 65,558.89, up 165 points, or 0.25 per cent while the NSE's Nifty ended at 19,414, up 29 points, or 0.15 per cent. The headline indices declined as heavyweights Reliance Industries (RIL), Maruti, and PowerGrid witnessed selling.
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 | Hindalco, TCS, Infy, Tech Mahindra rise most in 50-scrip blue-chip basket
Hindalco, TCS, Infy, Tech Mahindra and Bajaj Finserv are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, Power Grid, Coal India, UPL, Maruti Suzuki and BPCL are among the top losers, down around 3-1 per cent.
Source: NSE
Share Market Today LIVE | Dr Reddy's proposed rituximab biosimilar application to be reviewed by USFDA; stock declines
Shares of Dr Reddy's trade at Rs 5,143.9, down by 0.87 per cent on NSE after the pharma major informed the bourses on Wednesday that the biologics license application for its proposed biosimilar rituximab candidate, DRL_RI, has been accepted for review by the US Food and Drug Administration (USFDA), the European Medicines Agency (EMA), and the United Kingdom’s Medicines and Healthcare Products Regulator (MHRA). Read more
Image source: Pexels/ Representational image
Share Market Today LIVE | Patanjali Foods announces OFS, stock hits 5% lower circuit
Patanjali Foods locks in a 5 per cent circuit on NSE. Promoters of Patanjali Foods announced a two-day offer for sale (OFS) on Wednesday, July 12, 2023.As per a stock market disclosure, the promoter entity is looking to sell up to a 7 per cent stake (2.53 crore shares) at a floor price of Rs 1,000 per share. Read more
Share Market Today LIVE | Utkarsh SFB IPO subscribed over 11 times so far on Day 2
Utkarsh Small Finance Bank — a Varanasi, Uttar Pradesh-based small finance bank — received bids for 1,37,21,66,400 shares as against the 12,05,43,477 shares on offer, translating to an overall subscription of 11.38 times on the second day of the bidding process. Read more
Nifty Today LIVE | HDFC Bank, Infy, RIL, TCS among top movers
HDFC Bank, Infy, RIL, TCS and ICICI Bank are the top movers in the Nifty baskets at this hour. On the contrary, Power Grid, NTPC, Maruti Suzuki and Coal India 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 | Coal India under pressure amid large trade
As many as 99.7 lakh Coal India shares change hands on the bourses in large trade. The stock is down 1.4 per cent at Rs 230.9 apiece on BSE, having declined as much as 1.9 per cent earlier in the day.
Here's how the CIL stock has moved today so far:
Image: BSE
Federal Bank Q1 Results | Federal Bank standalone profit rises 42% in June quarter, beats Street estimates
Federal Bank reports a standalone net profit of Rs 854 crore for the quarter ended June 2023, marking a jump of 42 per cent compared with the corresponding period a year ago. The private sector lender's net profit exceeded analysts' estimates. Read more
Share Market Today LIVE | SpiceJet zooms over 7% after airline's promoter Ajay Singh decides to infuse Rs 500 crore
Shares of SpiceJet trade at Rs 31.82, up by Rs 0.66 or 2.12 per cent on NSE. The shares of the second largest airline in India by number of domestic passengers carried — zoomed on Thursday after the airline's promoter and Chairman Ajay Singh decided to infuse Rs 500 crore into the airline through preference shares, that will help boost budget carrier's financial position as well as tap additional funds from a government scheme.
The stock opened at Rs 33 and gained as much as 7.5 per cent to touch the day's high of Rs 33.5 from the previous close of Rs 31.16 on NSE. SpiceJet in a statement said the fresh equity infusion by Singh, who is also the Chairman and Managing Director, will help the carrier in accessing additional credit facilities of Rs 206 crore under the Emergency Credit Line Guarantee Scheme (ECLGS). Read more
Image source: Reuters
Wipro Q1 preview | Q2FY24 growth guidance and Consulting business outlook eyed
Wipro, the Thierry Delaporte-led IT services firm, is scheduled to release its June quarter numbers (Q1FY24) today (July 13) post-market hours. TCS and HCL Tech have already declared their Q1 numbers, and while TCS beat Street estimates on the net profit front, the overall results were subdued. HCL Tech maintained its revenue guidance for FY24 at 6–8 per cent in constant currency (CC) terms and EBIT margin at 18-19 per cent. However, its net profit and margin were below estimates. Moreover, in its concall, TCS said it was cautious about the near-term outlook. Read more
Currency Update | Rupee gains 21 paise to 81.97 against US dollar in early trade
The rupee appreciates 21 paise to 81.97 against the US dollar in early trade on Thursday, as a rally in domestic equities and losses in the greenback against major rivals overseas strengthened investor sentiment.
Share Market Today LIVE | HCL Tech shares decline after Q1 results disappoint Street
HCL Technologies shares start Thursday's session in the red, a day after the IT major's quarterly financial results fell short of analysts' expectations by a wide margin. The counter trades at Rs 1,097.95, down by 1.13 per cent on NSE. After market hours on Wednesday, Noida-based HCL Tech reported a net profit of Rs 3,534 crore for the quarter ended June 2023, marking a decline of 11.3 per cent compared with the previous three months. Read more