Share Market HIGHLIGHTS: Nifty ends above 19,800 for first time, Sensex jumps 302 pts to record closing high of 67,097

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Share Market HIGHLIGHTS | Nifty ends above 19,800 for first time, Sensex jumps 302 pts to record closing high of 67,097

Nifty 50

Nifty ends above 19,800 for the first time, up 0.42 per cent.

Source: NSE

Sensex

Sensex jumps 302 points to a record closing high of 67,097 on Wednesday.

Source: BSE

Share Market HIGHLIGHTS | NTPC, Bajaj Finance, IndusInd Bank rise most in 50-scrip blue-chip basket

NTPC, Bajaj Finance and IndusInd Bank are among the top gainers in the Nifty basket, trading with gains of around 3-2 per cent. On the other hand, Hindalco, TCS and Hero MotoCorp are among the top losers, down nearly 1 per cent.

Source: NSE

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 19,842.35; Sensex at 67,146.82 as oil & gas, financial stocks lead gains

Nifty Today LIVE | Bajaj Finance, SBI, NTPC among top movers

Bajaj Finance, SBI, NTPC, Kotak Bank and IndusInd Bank are the top movers in the Nifty baskets at this hour. On the contrary, ICICI Bank, TCS, Infy, HUL and Bharti Airtel 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 |  HDFC Life Q1 results preview: Net profit likely to rise 12% to Rs 410 crore

Private sector life insurer HDFC Life Insurance Company is all set to report its financial results on Friday, July 21. According to Zee Business research, HDFC Life is likely to report a 12.2 per cent year-on-year increase in standalone net profit to Rs 410 crore for the quarter ended June 30, 2023 driven by growth in new business premium. The insurer's net premium income is estimated to grow 20 per cent to Rs 11,130 crore for the first quarter of the current financial year, according to the research.

The analysts estimate the insurer's value of new business (VNB) — a key measure of revenue that determines the present value of future earnings from policies issued over a given period of time — to grow 27.5 per cent to Rs 650 crore. They peg the company's VNB margin to improve by 100 basis points on a year-on-year basis to 27.8 per cent. Read more 

Share Market Today LIVE | Havells India Q1 results preview: Net profit likely to jump 44% to Rs 349 crore, margin may improve by 100 bps

Fast-moving electrical goods company Havells India is all set to report its financial results on Thursday, July 20. According to Zee Business research, Havells India is estimated to report a standalone net profit of Rs 349 crore for the quarter ended June 30, 2023, which translates to a jump of 44.2 per cent compared with the corresponding period a year ago. Read more

Share Market Today LIVE | Tata Coffee June quarter revenue grows 6% to Rs 701 crore; shares rise

Tata Group company Tata Coffee reports a net profit of Rs 62.1 crore for the April-June period, marking a decline of 5.2 per cent compared with the corresponding period a year ago. Its revenue expands 5.8 per cent on a year-on-year basis to Rs 700.7 crore for the first quarter of the current financial year, according to a regulatory filing. 

Tata Coffee shares — trades on the bourses with the symbol TATACOFFEE — built on their intraday gains after the earnings announcement, rising by as much as Rs 6.2 or 2.5 per cent to Rs 253.9 apiece on BSE. Read more 

Share Market Today LIVE | Bank of Maharashtra reports 95% jump in Q1 net profit as asset quality improves; stock zooms 4%

Bank of Maharashtra on Wednesday (July 19) reports a 95 per cent year-on-year (YoY) jump in its standalone net profit at Rs 882.08 crore for the quarter ended June 30, 2023 (Q1FY24). The lender had posted a profit of Rs 451.9 crore in the year-ago period. 

The lender says that the financial results for the quarter ended June 30, 2023, have been arrived at after considering provisions for non-performing assets, standard assets (including COVID-19 related provision), restructured accounts, loss on sale of assets to ARCS, depreciation/provision on investments, provision for exposure to entities with unhedged foreign currencies, depreciation on fixed assets, taxes and other usual and necessary provisions on the basis of prudential norms, estimates, and specific guidelines issued by RBI and on the basis of the accounting policies as those followed in the preceding financial year ended March 31, 2023. Read more 

Share Market Today LIVE | IndusInd Bank, Bayer Crop, IPCA Labs, Berger Paints among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Vishvesh Chauhan, Ambareesh Baliga, Kunal Saraogia and Sumeet Bagadia 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 IndusInd Bank, Bayer Crop, IPCA Labs and Berger Paints. Read more

Share Market Today LIVE | NTPC shares hit 15-year high; Goldman Sachs says company will benefit from India's clean energy transition

Shares of NTPC, a power generation company, trade at 194.25, up 3.77 per cent on BSE. The shares of the government-owned power giant rose 5 per cent to touch a 15-year high on Wednesday (July 19). The buying interest in the scrip ocurred after the global brokerage Goldman Sachs in its report said that NTPC will benefit from India's clean energy transition. 

Goldman Sachs has initiated a 'buy' call on NTPC stock for a target price of Rs 265 apiece, which translates to an upside of 41.6 per cent. The brokerage, in its report, has said that NTPC will emerge as a winner in India's clean energy transition because of its 'structural advantage' of low-cost debt, which will provide a strong moat. Read more 

Share Market Today LIVE | IndusInd Bank, RIL hit 52-week highs

As many as 2 stocks — IndusInd Bank and RIL  — in the S&P BSE Sensex basket reached the milestone. 

Share Market Today LIVE | IndusInd Bank's bad loans decline in Q1; stock hits 52-week high

Shares of IndusInd Bank rises nearly 4 per cent to hit a 52-week high of Rs 1,443.35 apiece on the BSE. The buying interest in the scrip came after the company posted a decline in bad loans and a 30 per cent rise in net profit at Rs 2,124 crore for the June quarter (Q1FY24). Read more

Share Market Today LIVE | L&T Tech Services Q1 results fail to excite Street; what should investors do?

L&T Technology Services shares face selling pressure on Wednesday, a day after the engineering services company announced a set of quarterly numbers that fell short of analysts' estimates on most parameters. L&T Tech shares — trades on the bourses with the symbol LTTS — declines by as much as Rs 32.7 or 0.8 per cent to Rs 4,030.9 apiece on BSE. 

L&T Tech Services Q1 results: A summary 

After market hours on Tuesday, L&T Tech Services reported a net profit of Rs 311 crore for the quarter ended June 2023, marking a decline of 8.5 per cent compared with the previous three months. Its revenue fell around three per cent sequantially to Rs 2,301 crore or $280 million, according to a regulatory filing. Read more 

MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 19,841.65; Sensex at 67,117.05