Share Market HIGHLIGHTS: Nifty slides to 18,755, Sensex ends volatile day 216 pts lower as financial stocks weigh on D-Street
Share Market HIGHLIGHTS: After coming within a kissing distance of an all-time high, the benchmark indices reversed gains on profit-booking in recently outperformed counters causing benchmark indices to settle in the red on Monday, June 19. 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: After coming within a kissing distance of an all-time high, the benchmark indices reversed gains on profit-booking in recently outperformed counters causing benchmark indices to settle in the red on Monday, June 19. At close, the S&P BSE Sensex stood at 63,168.30, down 216 points, or 0.34 per cent while the NSE's Nifty ended at 18,755.45, down 70.55 points, or 0.37 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.
Latest Updates
Thank you! That's all today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Share Market HIGHLIGHTS | Nifty slides to 18,755, Sensex ends volatile day 216 pts lower
Nifty 50
NSE's Nifty ended at 18,755.45, down 70.55 points, or 0.37 per cent.
Source: NSESensex
S&P BSE Sensex stood at 63,168.30, down 216 points, or 0.34 per cent.
Source: BSE
Share Market HIGHLIGHTS | Adani Enterprises, Hero MotoCorp, Kotak Bank among the top losers
Adani Enterprises, Hero MotoCorp, Kotak Bank and Adani Ports are among the top losers, down around 4-2 per cent in the Nifty basket. On the other hand, HDFC Life, Bajaj Finance, Bajaj Finserv and Tech Mahindra are among the top gainers trading with gains of around 3-1 per cent.
Source: NSE
Share Market Today LIVE | BSE Capital Goods index hits record high; here's what should be your strategy
The S&P BSE Capital Goods index hit an all-time high of 40,379.15 levels on Monday, June 19. The index is trading flat with a negative bias at 39,907.70. Over the past 12 months, the index has jumped 63.5 per cent (including today's high). In comparison, the S&P BSE Sensex has rallied over 20 per cent during the same period. Read more
Image source: Unsplash Share Market Tips LIVE | Buy AB Fashion, Westlife Foodworld, says Sacchitanand Uttekar
Sacchitanand Uttekar of Tradebulls Securities shares two trading calls with Zee Business viewers:
- Buy Westlife Foodworld shares for a target of Rs 920 with a stop loss at Rs 860
- Buy AB Fashion futures for targets of Rs 218 and Rs 228 with a stop loss at Rs 211.5
Share Market Tips LIVE | Buy VIP Industries shares, says Siddharth Sedani
Siddharth Sedani of Anand Rathi Shares suggests buying VIP Industries shares for a short-term target Rs 675 and a one-year target of Rs 850.
VIP Industries shares have grown 10 per cent in value in the past one year.
Image: BSE
Nifty Today LIVE | ICICI Bank, RIL, Kotak Bank among top draggers
ICICI Bank, RIL, Kotak Bank and Axis Bank are among the top draggers in Nifty baskets at this hour. On the contrary, Bajaj Finance, TCS, Sun Phrama and Bajaj Finserv are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Nifty Bank drops over 400 pts, dragged by ICICI Bank, Kotak Bank, Axis Bank
The banking index falls as much as 436.8 points or one per cent to 43,501.4 in afternoon deals, having reversed course after briefly trading above the 44,000 mark in intraday trade.
Here's what the 12-stock basket looks like at this hour:
Stock CMP Change (%) BANKBARODA 192.9 2.6 PNB 51.8 0.5 IDFCFIRSTB 82.1 0.4 HDFCBANK 1,602.3 0 FEDERALBNK 123 -0.7 SBIN 567.1 -0.7 AUBANK 771.5 -0.9 ICICIBANK 920.3 -1.5 INDUSINDBK 1,294.4 -1.5 BANDHANBNK 250 -1.6 AXISBANK 964.1 -1.8 KOTAKBANK 1,821.3 -2 Share Market Today LIVE | Headline indices sink deeper into the red amid sell-off in financial stocks
The Sensex drops as much as 501 points from its strongest level of the day to hit 63,047.8 on the downside, dragged by ICICI Bank, Kotak Mahindra Bank, Axis Bank and SBI. The Nifty descends to as low as 18,719.2, in a sharp U-turn after coming within six points of an all-time high earlier in the day.Here's how the indices have moved today so far:Sensex
Nifty
Image: BSE, NSEShare Market Today LIVE | Kerala High Court rejects FIR against Manappuram Finance’s promoter, stock climbs over 3%
Manappuram Finance shares are tarding at Rs 126.65, up 1.16 per cent on NSE. Shares of Kerala-based non-banking financial company (NBFC) Manappuram Finance rose over 3 per cent in Monday’s trading session, June 19 after the Kerala High Court rejected the first information report (FIR) against the company’s promoter.
Meanwhile, on Friday, June 16, the Reserve Bank of India (RBI) imposed a Rs 20 lakh penalty on Manappuram Finance for non-compliance with certain provisions of the NBFC norms. Read more
Share Market Today LIVE | Titagarh Rail Systems scales record high: Three reasons why the stock will rally further
Titagarh Rail Systems, formerly known as Titagarh Wagons, hit a fresh lifetime high of Rs 449.95 on the BSE in the early morning deals on June 19. The stock, which has been on a rising spree for the last many sessions, jumped around 6 per cent to hit a fresh all-time high level. Antique Broking has initiated coverage on the stock with a buy rating and a target price of Rs 694. Read more
Share Market Today LIVE | HUL dividend: FMCG major's stock trades ex-date
Shares of Hindustan Unilever trade at Rs 2,689.55, down by Rs 4.10 or 0.15 per cent on NSE. HUL shares traded ex-dividend on Monday, June 19. The company — whose popular brands include Lifebuoy, Dove, Lakme Cosmetics Knorr, Surf, Rin and Vaseline — earlier announced a final dividend of Rs 22 per share for the financial year ended March 2023 — a 2,200 per cent payout given the face value of Re 1 per share. Read more
Stocks to buy: Maruti Suzuki, IRCTC, UBL, BHEL, HUL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Sumeet Bagadia and Sandeep Jain share their top recommendations for the day in this special segment, Pick of the Week.
On the top analysts' 'buy' list are stocks such as Maruti Suzuki, IRCTC, UBL, BHEL, HUL, Schaeffler India, Cipla, IPCA Lab, HDFC twins, Bank of Baroda and Balrampur Chini Mills. Read more
Share Market Today LIVE | Havells India shares are in focus today; here's what exactly is the matter
Havells India shares edge lower as many shareholders of the company raised concerns over the proposed remuneration paid to the company’s chairman and managing director, Anil Rai Gupta on Monday. The stock trades at Rs 1,349.25, down by Rs 1.60 or 0.12 per cent on NSE.
Havells India's stock opened at Rs 1,354 and hit a low of Rs 1,341.05 against the previous close of Rs 1,350.85 on the NSE in early morning deals. 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 index coming in at 18,690-18,775 levels and a strong buy zone at 18,600-18,660 levels on Monday, June 19. For the Nifty Bank, the market wizard sees support at 43,675-43,825 levels and a strong buy zone at 43,400-43,525 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty near all-time high; Sensex rises 100 pts
Nifty 50
The NSE Nifty is trading at 18,876.20, up 50 points, or 0.27 per cent.
Source: NSESensex
S&P BSE Sensex is at 63,563.75 levels, up 180 points, or 0.28 per cent.
Source: BSEShare Market LIVE | Havells India, L&T, Tata Steel, IndiGo, Dr Reddy's, and Manappuram Finance among top stocks to track
The domestic equity market is expected to see a positive start to trading on Monday amid encouraging global cues. At 8:37 am, the Nifty futures on the Singapore Exchange (SGX) traded 23.5 points, or 0.12 per cent higher at 18,921.5 levels. Besides, Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and US Federal Reserve Chair Jerome Powell's testimonies for clues on the path ahead.
Here's a list of stocks that may trade actively today:
Tata Steel is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, according to its top management. Of the planned amount, Tata Steel has earmarked Rs 10,000 crore towards standalone operations and Rs 2,000 crore for its subsidiaries in India, the company's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee said.
Tata Motors: The auto major's UK unit Jaguar Land Rover on Monday partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker's system to help avert future global supply issues. Read more
Share Market Today LIVE | SGX Nifty futures indicate a flat start ahead on Dalal Street
SGX Nifty futures: Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — were down 1.5 points at 18,896.5 at the last count ahead of the opening bell on Dalal Street.
Good morning! Welcome to Zeebiz.com's blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
Happy trading, and happy investing!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.