Share Market HIGHLIGHTS: Nifty settles above 19,700 for first time ever, Sensex leaps 529 pts to record closing high of 66,590

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Share Market Today LIVE | Nifty settles above 19,700 for first time ever, Sensex leaps 529 pts to record closing high of 66,590

Nifty 50

Nifty settles at 19,711.45, up 147 points, or 0.75 per cent on Monday.

Source: NSE

Sensex

S&P BSE Sensex ends at 66,589.93 levels, up 529 points, or 0.80 per cent on Monday.

Source: BSE

Share Market HIGHLIGHTS | SBI, Dr Reddy's, Wipro, Grasim emerge as rise most in 50-scrip blue-chip basket

State Bank of India, Dr Reddy's, Wipro, Grasim and HDFC Bank are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, ONGC, Hero MotoCorp, Bharti Airtel, Titan and Tata Motors are among the top losers, down nearly 2-1 per cent.

Source: NSE

Share Market Today LIVE | Avenue Supermarts slips nearly 4% on soft Q1 numbers: UBS, HDFC Securities assign "Sell"

Shares of Avenue Supermarts, which owns and operates the supermarket chain DMart, trade at Rs 3,713.60, down by Rs 131.90 or 3.43 per cent on BSE. The counter declined as much as 3.93 per cent to Rs 3,694 apiece on the BSE after the company's June quarter (Q1FY24) numbers disappointed the Street. 

The DMart operator reported on Saturday (July 15) a 2.46 per cent rise in its consolidated net profit at Rs 658.71 crore in the April-June 2023 quarter, as lower sales of apparel and general merchandise impacted margins. The company had posted a net profit of Rs 642.89 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Read more 

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 19,731.85; Sensex at 66,656.21

Nifty LIVE | Nifty50 @ life high, 50-scrip index scale fresh peak of 19,720.7

Share Market Today LIVE | Nestle, Reliance, Tech Mahindra hit 52-week highs

Three stocks in the 30-scrip basket reach the milestone:

EXPERT VIEW | George Thomas, Fund Manager, Equity at Quantum AMC, on current market

"Domestic economic environment looks favorable for the persistence of current earnings upcycle in the medium term. Healthy credit demand is indicative of a strong economic environment. India’s economic resilience amid the global slowdown could attract FII flows in the medium term, potentially giving more legs to the current rally. Incremental data points across the globe suggest a possibility of faster-than-expected moderation in global inflation, limiting the quantum of further rate hikes. A faster-than-expected normalization in the global environment would be positive for the corporate earnings cycle. Given the sharp run-up, investors may consider making incremental investments in a staggered manner to benefit from the ongoing earnings upcycle."

Share Market Today LIVE | How to check Utkarsh Small Finance Bank IPO allotment status 

The basis of the allotment of shares under the IPO, comprising entirely fresh issuance of shares, is likely to be finalised on Wednesday, June 19. The credit of shares in the account of winning bidders is likely on July 21, and the issue of refunds to other bidders on July 20.

Utkarsh Small Finance Bank IPO listing date

Utkarsh SFB shares are likely to be listed on stock exchanges BSE and NSE on June 24. Read more 

Image source: Pixabay/ Representational image

MARKET AT ALL-TIME HIGH | Nifty crosses 19,663.15 mark for the first time; Sensex at 66,401.46

Share Market Today LIVE | Suzlon Energy secures 100.8 MW order; shares jump over 4%

Shares of Suzlon Energy, India's leading renewable energy company, trade at 18.22, up by 2.94 per cent on BSE. The counter rose over 4 per cent in Monday’s trade, touching the day’s high at Rs 18.45 apiece. The buying interest in the scrip came after the company received an order of 100.8 MW from Everrenew Energy Private Limited.

"This is to inform you that Suzlon secured an order of 100.8 MW from Everrenew Energy Private Limited. The press release in this regard is attached herewith," the regulatory filing read. Read more 

HDFC Bank Q1 Results | Standalone PAT comes in at Rs 11,951.77 crore

HDFC Bank reported on Monday (July 17) a standalone profit after tax (PAT) of Rs 11,951.77 crore for the quarter ended June 30, 2023. The lender had posted a profit of Rs 9,195.99 crore in the year-ago period, as per the lender's earnings release. This is HDFC Bank's first earnings report since the completion of its mega-merger with Housing Development Finance Corporation (HDFC). Read more 

Share Market Today LIVE | TCS BaNCS powers payments transformation at Saudi Arabia's leading bank, BSF; stock up 1%

Shares of Tata Consultancy Services (TCS) trade flat at Rs 3514.4, up by 0.07 per cent on BSE. The counter was trading nearly a per cent higher in the noon deals on the BSE on Monday (July 17) at Rs 3,537.65 apiece after the company informed that its customer, Banque Saudi Fransi (BSF), has successfully transformed its domestic and international real-time payments processing using TCS BaNCS for payments.

BSF, one of the leading banks in the Kingdom of Saudi Arabia (KSA), selected TCS BaNCS to simplify and digitise its IT landscape across deposits, lending, and payments and enhance its position as a modern, innovative, and experience-focused bank in the region, TCS said in its press release. Read more 

Share Market Today LIVE | JSW Energy reports 48% decline in net profit; stock declines 7%

Shares of JSW Energy are down 3.38 per cent to trade at Rs 294.25 on BSE. The counter fell as much as 7 per cent, recording the day’s low at Rs 282.05 apiece on BSE. The stock slipped after the company posted a decline in consolidated net profit in the April-June quarter (Q1FY24).

The company informed bourses that the decline in profit was due to the one-time impact of non-operational expenses from the recent Mytrah buyout and the Ind-Barath 700 MW thermal plant deal under the insolvency route. Read more

Share Market Today LIVE | Netweb Technologies IPO hits Street; should you subscribe?

High-end computing solutions (HCS) provider Netweb Technologies launchs an initial public offer (IPO), worth up to Rs 631 crore, on Monday, July 17. The IPO, comprising fresh issuance of Rs 206 crore and an offer for sale (OFS) worth Rs 425 crore, will be open for three trading days, till July 19. 

Here's all you need to know about the Netweb Technologies IPO: 

Timings/important dates

The bidding process will be open fro 10 am to 5 pm on July 17, July 18 and July 19. The Netweb Tech stock is likely to debut on stock exchanges BSE and NSE July 27. Read more