Share Market HIGHLIGHTS: Nifty @ record closing high of 19,398.5; Sensex halts record-breaking streak, down 33 pts
Share Market HIGHLIGHTS: Nifty ends at another record closing high of 19,398.5. Meanwhile, S&P BSE Sensex halts record-breaking streak, ends at 65,446.04, down by 33 pts or 0.05 per cent. 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.coms blog.
Share Market HIGHLIGHTS: Nifty ends at another record closing high of 19,398.5. Meanwhile, S&P BSE Sensex halts record-breaking streak, ends at 65,446.04, down by 33 pts or 0.05 per cent.
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 |
Nifty 50
Nifty ends at a new record closing high of 19,398.5 on Wednesday.
Source: NSESensex
Sensex halts record-breaking streak, ends at 65,446.04, down by 0.05% per cent on Wednesday.
Source: BSE
Share Market HIGHLIGHTS | Divi's Lab, Bajaj Auto, HDFC Life among the top gainers in the Nifty basket
Divi's Lab, Bajaj Auto and HDFC Life and Hero MotoCorp are among the top gainers in the Nifty basket, trading with gains of around 6-4 per cent. On the other hand, HDFC Bank, HDFC, Eicher Motors and UPL are among the top losers, down around 3-1 per cent.
Source: NSE
Share Market LIVE | Market-cap of BSE-listed firms crosses Rs 3 lakh crore mark
Share Market Today LIVE | Maruti Suzuki shares cross Rs 10,000 level as auto major launches MPV Invicto
Q1 Updates | From Bajaj Finance to Bandhan Bank; here is how financial sector is performing this quarter HDFC merger RBL Bank AU Small Finance
The banking and financial sector performed considerably well in the FY23 year-ending quarter as the majority of the companies managed to recover their loans, thereby minimising the share of non-performing assets. In this quarter, all eyes are on the HDFC merger, as analysts expect that HDFC Bank will be one of the largest lenders after State Bank of India in terms of credit after the merger.
HDFC Bank Q1 update
HDFC Bank witnessed a growth of 15.8 per cent in its advances to approximately Rs 16,15,500 crore as of June 30, 2023, which previously stood at Rs 13,95,100 crore on June 30, 2022. The bank mentioned in its filings that domestic retail loans grew by around 20.0 per cent over June 30, 2022, and around 4.0 per cent over March 31, 2023; commercial and rural banking loans grew by around 29.0 per cent over June 30, 2022, and around 2.0 per cent over March 31, 2023.
RBL Bank Q1 update
The total deposit for the bank grew by 8 per cent as the deposit jumped from Rs 79,216 crore in June 2022 to Rs 84,887 crore in June 2023. The bank also mentioned in its filings that retail advances grew 32 per cent Y-o-Y while wholesale advances grew 8 per cent Year-on-Year (Y-o-Y) for the quarter ended June 30, 2023. Read more
Share Market Today LIVE | Equitas Small Finance Bank shares hit record high after lender reports 36.5% growth in Q1 loans
Equitas Small Finance Bank shares registers a record high on Wednesday, after the lender reported strong growth in loans and deposits in the quarter ended June 2023. The Equitas Small Finance Bank stock — traded on the bourses BSE and NSE with the symbol EQUITASBNK — gained by as much as Re 1.4 or 1.5 per cent to Rs 92.5 apiece on BSE, its highest intraday level ever. Read more
Nifty Today LIVE | HDFC twins, Bajaj twins, RIL among top draggers
HDFC twins, Bajaj twins, RIL and Hindalco are the top draggers in the Nifty baskets at this hour. On the contrary, ICICI Bank, ITC, HUL and Maruti Suzuki are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Bajaj Finance, HCL Tech, HUL, UltraTech, ITC and others touch 52-week highs
As many as 8 stocks in the S&P BSE Sensex basket hit 52-week high.
Stock CMP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) BAJFINANCE 7,837.00 7,999.90 7,917.00 (04 Jul 2023) 11,760.05 (02 Aug 2016) HCLTECH 1,191.60 1,202.70 1,194.90 (03 Jul 2023) 3,021.00 (21 Feb 2000) HINDUNILVR 2,743.60 2,750.00 2,741.00 (09 Dec 2022) 3,249.00 (25 Feb 2000) ICICIBANK 958.5 964.65 958.00 (23 May 2023) 1,796.80 (03 Dec 2014) INDUSINDBK 1,401.00 1,413.55 1,393.65 (04 Jul 2023) 2,037.90 (03 Aug 2018) ITC 474.1 480.6 467.95 (04 Jul 2023) 1,961.00 (20 Sep 2005) MARUTI 9,888.75 9,888.80 9,849.35 (30 Jun 2023) 10,000.00 (20 Dec 2017) TECHM 1,170.95 1,184.85 1,165.75 (12 Sep 2022) 2,998.00 (02 Feb 2015) Share Market Today LIVE | HDFC Bank slips over 3% after Q1 business update; is there a need to worry?
Shares of HDFC Bank shares are trading at 2,797, down by Rs 83.8 or 2.91 per cent on BSE. HDFC Bank shares slipped as much as 3.38 per cent to Rs 1,670.05 apiece on the BSE on Wednesday, a day after the lender released its business update for the quarter ended June 30, 2023 (Q1FY24). Last seen, the bank's share price traded 3.30 per cent lower at Rs 1,671.55.
In its Q1 business update, the private-sector lender announced the following:
The bank’s advances aggregated to approximately Rs 16,155 billion as of June 30, 2023, a growth of around 15.8 per cent over Rs 13,951 billion as of June 30, 2022, and a growth of around 0.9 per cent over Rs 16,006 billion as of March 31, 2023. Gross of transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 20.2 per cent over June 30, 2022, and around 1.9 per cent over March 31, 2023. Read more
Share Market Today LIVE | Samvardhana Motherson jumps nearly 9%, hits 52-week high; Nomura double-upgrades stock to BUY
Samvardhana Motherson International shares are up nearly 7 per cent to trade at Rs 90.99 on NSE. Shares of Samvardhana Motherson International jumped as much as 8.69 per cent to hit a 52-week high of Rs 92.50 apiece on the BSE in the early morning trade on Wednesday, a day after the company announced it would acquire an 81 per cent stake in the four-wheeler business of Yachiyo Industry, a Honda Motor subsidiary.
SAMVARDHANA MOTHERSON: WHAT BROKERAGES SAY
Reacting to the development, global brokerage firm Nomura has double-upgraded the stock to BUY from Neutral and raised the target price to Rs 105 from Rs 90 earlier. The brokerage notes that the acquisition is at an attractive valuation. Read more
Senco Gold IPO | Subscription update, listing date, what Anil Singhvi recommends, other key details to know
Jewellery retailer Senco Gold's initial public offer (IPO), to raise up to Rs 405 crore, gets fully subscribed on Wednesday, the second day of the bidding process. The Senco Gold IPO comprises fresh issuance of shares up to Rs 270 crore and an offer for sale (OFS) worth Rs 135 crore. The IPO will be open for two more trading days, till July 6.
The Senco Gold IPO received bids for 1.2 crore shares against the 94.2 lakh shares on offer, according to provisional exchange data. Here's how different types of investors responded to the issue:
Category Reservation Subscription Qualified institutional buyers (QIB) 50% Nil Non-institutional investors (NII) 15% 122% Retail investors 35% 198% Overall 100% 125% What market wizard Anil Singhvi recommends on the Senco Gold IPO
Zee Business Managing Editor Anil Singhvi suggests applying for the Senco Gold IPO for listing gains as well as for the long term. Read more
Currency update | India rupee slips to a 3-week low of Rs 82.17 against the U.S. dollar
The rupee weakens by 16 paise to 82.18 against the US dollar on Wednesday, continuing to decline for a second straight day. That marked the lowest level of the rupee against the greenback in three weeks.
Share Market Today LIVE | Should you buy, sell or hold LTIMindtree, Hero MotoCorp, Axis Bank, RBL Bank, Dixon shares?
As Dalal Street enters the July 5 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are scrips such as LTIMindtree, Hero MotoCorp, Axis Bank, RBL Bank and Dixon Tech.
Do you have any of these stocks in your portfolio?
LTIMindtree shares
Macquarie retained an 'outperform' call on LTIMindtree with a target price of Rs 7,300 (implying upside potential of 39 per cent)
Samvardhana Motherson International shares
- Nomura double-upgrades Samvardhana Motherson International to 'buy' from 'neutral', raises target by Rs 15 to Rs 105; brokerage says that Motherson International's acquisition of 81 per cent in Honda Motor arm Yachiyo's four-wheeler business is at attractive valuations
- CLSA maintains 'buy' call on Samvardhana Motherson International with a target of Rs 102. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support for the Nifty headline index coming in at 19,250-19,300 levels and a strong buy zone at 19,175-19,225 levels on Wednesday, July 5. For the Nifty Bank, he expects support at 45,000-45,150 levels and a strong buy zone at 44,750-44,900 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Traders' Diary | Buy, sell or hold strategy on SBI, LIC Housing Finance, LTIMindtree, RBL Bank, LTTS, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta recommends a buy on SBI shares for a target of Rs 700 for a duration of 1 year. He says the stock is a good bet for the long-term in PSU bank space. Read more
Share Market Today LIVE | Sensex dips 50 pts, Nifty slips below 19,350
Nifty 50
NSE's Nifty trades at 19,381.60 levels, down 7.4 points, or 0.04 per cent.
Source: NSESensex
S&P BSE Sensex trades at 65,441.86 levels, down 37 points, or 0.06 per cent.
Source: BSE
Share Market Today LIVE | Samvardhan Motherson, Bajaj Auto, Maruti, HDFC Bank, LTIMindtree, and LIC Housing Finance among top stocks to track
The Gift Nifty indicates a flat-to-positive start to trading on Dalal Street on Wednesday.
Here's a look at the stocks that may remain in focus today:
LTIMindtree, LIC Housing Finance: The NSE announced on Tuesday that LTIMindtree will replace HDFC in the Nifty50 index from July 13, while LIC Housing Finance will replace HDFC in the Nifty Financial Services index. The merger process between HDFC and HDFC Bank was officially completed on July 1, and subsequently, as per the plan, HDFC will be delisted on July 13.
Bandhan Bank: The private sector lender said on Tuesday that its chief financial officer, Sunil Samdani, has resigned. Read more
Share Market Today LIVE | IDFC, IDFC First Bank shares in focus after companies announce merger; here's what share swap ratio means for investors
IDFC and IDFC First Bank shares will remain in focus on Dalal Street on Wednesday, a day after the news of a merger between the companies triggered a mixed impact on both stocks. IDFC First Bank said it had its board's nod to merge its operations with IDFC and IDFC Financial Holding. IDFC said the proposed IDFC-IDFC First Bank deal would create value for its shareholders and provide direct shareholding in IDFC First Bank. Currently, IDFC, through its subsidiary IDFC FHCL, holds a 39.93 per cent stake in IDFC First Bank. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a positive start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — were up 12 points or 0.06 per cent at 19,505.5 at the last count ahead of the opening bell on Dalal Street.
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