Share Market HIGHLIGHTS: Nifty ends lacklustre session 26 pts higher at 18,691, Sensex down 9 pts; ICICI Securities soars 11%
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty and Sensex ended a lacklustre session on Monday on a sluggish note, with the Nifty rising 25.7 points or 0.1 per cent at 18,691.2. 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: Indian equity benchmarks Nifty and Sensex finished a lacklustre session on Monday on a mixed note, with the Nifty finishing with a gain of 25.7 points or 0.1 per cent at 18,691.2. Globally, stock markets staged largely negative moves as cautiousness emerged among investors following an aborted mutiny in Russia over the weekend. Financial stocks continued to be under pressure on mounting concerns of global interest rates staying higher for longer.
Catch highlights 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 Today | Nifty ends lackluster session 26 pts higher at 18,691, Sensex down 9 pts; ICICI Securities soars 11%
The Nifty ends the day with a gain of 25.7 points or 0.1 per cent at 18,691.2, but the Sensex settles at 62,970, down 9.4 points from its previous close. Here's how the gauges moved through the day:
Nifty
Sensex
Images: BSE, NSE
Read more on today's session here
Share Market Tips LIVE | Buy Techno Electric, MTAR Tech shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Techno Electric & Engineering shares for a target of Rs 380 with a stop loss at Rs 350. Besides, he recommends buying MTAR Tech shares for a target of Rs 1,980 with a stop loss at Rs 1,900.
Share Market Today LIVE | HDFC Life gets GST demand notice of Rs 942 crore
HDFC Life Insurance stock is trading at Rs 629, up by 0.33 per cent on NSE trimming the early morning losses. In the morning deals, HDFC Life Insurance stock declined as much as 2 per cent touching the day’s low at Rs 616.75 apiece after the company received a Goods and Services Tax (GST) demand notice of Rs 942 crore. Read more
Dabba Trading | A complete guide; key risks, how it works, and its legal status in India
Investing or trading in the stock market has gained popularity over the years, including in India. Most people have started learning about and trading in the share market after looking at its historical returns and compounding benefits in the long run. However, with a large number of people investing in the Indian stock market, illegal activities have also increased significantly, and dabba trading, or bucket trading, is one such activity. Read more
Share Market Today LIVE | Hindustan Unilever shares rise ahead of AGM; board to consider dividend
Hindustan Unilever (HUL), a leading consumer goods company in India, will conduct its Annual General Meeting (AGM) today, June 26. The main agenda items of the meeting include the board of directors considering the final dividend for the financial year that ended March 31 and appointing directors in place of Nitin Paranjpe, Dev Bajpai, and Ritesh Tiwari. HUL shares trade at Rs 2,662.5, up by 0.78 per cent on NSE. Read more
Nifty Today LIVE | Infosys, ICICI Bank HUL among top movers
Adani Enterprises, Infosys, ICICI Bank and HUL are the top movers in the Nifty baskets at this hour. On the contrary, RIL, HDFC Bank, TCS and L&T are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSECommodity Market Tips LIVE | Buy crude oil futures, target Rs 5,850, says Ajay Kedia
Ajay Kedia of Kedia Commodities points out that crude oil contracts have honoured a range of Rs 5,500-5,600 since May and are poised to stage a temporary bounce in the coming days.
He recommends buying crude oil futures at Rs 5,700 for a target of Rs 5,850 with a stop loss at Rs 5,620.Commodity Market Tips LIVE | How to trade silver? Buy MCX silver futures at Rs 68,500/kg, says Amit Khare
Amit Khare of GCL suggests buying the July contract of the white metal for targets of Rs 70,500 and Rs 72,000 per kilogram with a stop loss at Rs 67,800 per kg.
Stocks to buy: Canfin Homes, Marico, Sun Pharma, HDFC Bank, NTPC, and GAIL among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Vishvesh Chauhan, Sumeet Bagadia, Himanshu Gupta, Mehul Kothari and Sandeep Jain share their top recommendations for the week in this special segment, Pick of the Week.
On the top analysts' 'buy' list are stocks such as Canfin Homes, Marico, Sun Pharma, HDFC Bank, ICRA, Natco Pharma, Dr Reddy's, Tech Mahindram NTPC, GAIL and Aavas Financiers. Read more
Commodity Market Tips LIVE | Buy MCX gold futures at Rs 58,350/10 grams, says Ajay Kedia
Ajay Kedia of Kedia Commodities recommends buying gold futures for a target of Rs 58,600 with a stop loss at Rs 58,100.
S&P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific
S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest-growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience.
Share Market Today LIVE | Shree Cement's share price fall 11% in early trade; here's why
Shree Cement shares are trading at 23,282.9, down by 7.41 per cent on NSE. The stock slipped over 11 per cent in the morning deals on BSE after news reports suggested that the company is accused of tax evasion and tax searches were conducted by the Income Tax Department at multiple locations. Shree Cement stock was trading in the red for the sixth consecutive session. The company on June 24 informed investors that the survey conducted by the IT department is ongoing and the company's management is extending full cooperation. Read more
ICICI Securities Delisting | Stock has mostly underperformed headline indices following a weak listing, says Mehta Equities' Prashanth Tapse
"In a voluntary delisting offer, the stock usually reacts positively on the assumption of a higher exit price for shareholders determined through a reverse book-building process. If we go through history, in April 2018, the Rs 4,000 crore IPO received a poor response and was undersubscribed by 78 per cent during the three-day bidding process,"Prashanth Tapse, Senior VP (Research), Mehta Equities said, commenting on ICICI Securities delisting news."On the listing date, it was listed below the issue price, and since then, the stock has mostly underperformed as compared to benchmark indices. However, at Friday's close, the stock was trading above its issue price. ICICISEC feels it is the right time to take a call on this corporate decision. It would be difficult to assume the exact reason for such a surprising decision from the management," he added.
Share Market Today LIVE | ICICI Securities' shares hit 52-week high as company's board to consider delisting on June 29
ICICI Securities shares are up over 13 per cent and are trading at Rs 638.15 in the morning deals on NSE. Shares of the domestic brokerage rose nearly 15 per cent and touched a new 52-week high on Monday after the domestic brokerage informed the bourses that the company board would consider delisting its shares in a meeting on June 29 (Thursday). The stock gained as much as nearly 15 per cent in the opening deals to touch a new 52-week high of Rs 647 from the previous close of Rs 563.05 on the NSE. Read more
Share Market Today LIVE | ideaForge Technology IPO opens today: Issue price, lot size, listing date, other important details to know
ideaForge Technology Ltd — India's largest drone manufacturer — is set to debut in the stock markets with its initial public offering (IPO), which is set to open today, June 26.
Here are key things to know before you buy the offer:
ideaForge IPO dates
The IPO is for subscription to retail individual investors (RIIs), non-institutional investors (NIIs), and qualified institutional buyers (QIBs) starts today, June 26. The offer will close on hursday, June 29.
ideaForge IPO price band
The issue price band has been set at Rs 638-672 per share by leading drone manufacturers. 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 18,600-18,635 levels and a strong buy zone at 18,465-18,550 levels on Monday, June 26. For the Nifty Bank, the market wizard sees support at 43,350-43,500 levels and a strong buy zone at 43,000-43,200 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Muted start for headline indices
Nifty 50
NSE' Nifty 50 trades at 18,661.95, down by 0.02 per cent in early morning deals.
Source: NSESensex
S&P BSE Sensex trades at 63,009.94, up 0.05 per cent in early morning deals.
Source: BSE
Share Market Tips LIVE | ICICI Securities, Ipca Labs, Godrej Properties, Dr Reddy's, HDFC Life, Tata Communications among top stocks to track
Domestic equities are expected to see a muted start to trading on Monday, June 26. At 08: 29 AM, Nifty futures on the Singapore Exchange (SGX) traded 0.5 points lower at 18,714.5 levels.
Here's a list of stocks that may remain in focus today:
ICICI Securities: The company will consider delisting equity shares on June 29. The scrip was listed on April 5, 2018, as per Ze Business Research.
Ajanta Pharma: The company informed exchanges that the US FDA inspected its formulation facility at Dahej from June 2023 to 23rd June 2023. "At the end of the inspection, no Form 483 was issued to us," it said. Read more
Share Market Today LIVE | Tata Communications shares to trade ex-dividend today
Shares of Tata Communications — a telecommunications company — will trade ex-dividend on Monday, June 26. June 26 has also been fixed as the record date for the final dividend. The Tata Group company recommended a final dividend of Rs 21 per share of the face value of Rs 10 each for the financial year ended March 31, 2023. Read more
Share Market Today LIVE | SGX Nifty futures indicate a positive start ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty 50 index, are up 8.5 points or 0.05 per cent at 18,723.5 at the last count ahead of the opening bell on Dalal Street.
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