Share Market HIGHLIGHTS: Nifty ends above 19,800 for first time, Sensex jumps 302 pts to record closing high of 67,097
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex once again settled at fresh closing peaks on Wednesday, July 19, amid buying in heavyweights Reliance Industries (RIL), ITC, HDFC Bank, and Bajaj Finance. 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 50 and Sensex once again settled at fresh closing peaks on Wednesday, July 19, amid buying in heavyweights Reliance Industries (RIL), ITC, HDFC Bank, and Bajaj Finance. At close, the 30-share index of the BSE stood at 67,097.44, up 302 points, or 0.45 per cent while the NSE's Nifty closed at 19,833, up 84 points, or 0.42 per cent. NTPC (up nearly 3 per cent) was the biggest gainer on the Sensex, followed by Bajaj Finance, and IndusInd Bank. NTPC stock hit a 15-year high during the session after a Goldman Sachs report said that the company will benefit from India's clean energy transition. The stock settled at Rs 192.60 on the BSE.
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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: NSESensex
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
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
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 | 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.
Stock LTP 52 Weeks High Previous 52 Weeks High(Price/Date) All Time High(Price/Date) INDUSINDBK 1,418.00 1,443.35 1,413.55 (05 Jul 2023) 2,037.90 (03 Aug 2018) RELIANCE 2,821.05 2,845.00 2,838.00 (18 Jul 2023) 3,252.10 (15 Jan 2008) 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
Currency Update | Rupee falls 8 paise to 82.12 against US dollar in early trade
Dividend Stocks | Blue Dart, Mahindra Lifespace, MAS Financial, Praj, BCPL Railway Infra among 9 shares trade ex-date today
A total of 9 stocks traded ex-date on Wednesday, July 19, according to provisional exchange data.
Blue Dart Express dividend
Blue Dart Express has announced a dividend of Rs 30 per equity share with a face value of Rs 10.
MAS Financial dividend
MAS Financial Services has announced a dividend of Rs 1.85 per equity share with a face value of Rs 10.
Steel City Securities dividend
Steel City Securities has announced a dividend of Re 1 per equity share with a face value of Rs 10.
Swelect Energy Systems dividend
Swelect Energy Systems has announced a dividend of Re 1.2 per equity share with a face value of Rs 10. Read more
Infosys Q1 Results Preview | Deal wins, attrition trends, revenue and margin outlook key things to watch out for
Infosys is slated to release its June quarter numbers (Q1FY24) on July 20 (Thursday). The firm is expected to follow its peers' suit and post soft numbers for the first quarter of the current fiscal. The IT sector has been hammered for around a year owing to tough macroeconomic conditions, especially due to the fears of a recession in the US economy. However, in the last few sessions, the IT universe has seen immense buying interest. Read more
Share Market Today LIVE | ICICI Prudential shares surge after net profit rises 33% to Rs 207 crore YOY in Q1
Shares of ICICI Prudential Life Insurance declines, a day after the life insurance company registered a 33 per cent jump in its net profit at Rs 207 crore in the April-June quarter, boosted by massive gains from investments. ICICI Prudential stock opened at Rs 578 and declined as much as 4.7 per cent to touch the day's low of Rs 547.7 from the previous close of Rs 574.75 on the NSE.
Share Market Today LIVE | Nifty scales all-time high of 19,829, Sensex gains over 250 pts to fresh peak above 67,000
Nifty 50
Nifty trades at 19,790, up 21 per cent in opening deals.
Source: NSESensex
S&P BSE Sensex trades at 66,957, up 24 per cent in opening deals.
Source: BSE
MARKET AT ALL-TIME HIGH | Nifty scales fresh peak of 19,820.55; Sensex at 67,083.25
Stocks To Watch | Tata Communications, Can Fin Homes, L&T Tech, CIE Automotive, ICICI Lombard
Companies like Tata Communications, Can Fin Homes, and L&T Finance Holdings are scheduled to announce their results on Wednesday (July 19). Before the market opens on Wednesday, ZeeBiz takes you through the list of shares you can watch out for.
ICICI Prudential
ICICI Prudential announced its Q1 results on Tuesday, beating Zee Business Research estimates, registering a 33 per cent rise in its profit to Rs 207 crore in Q1. While its net premium income rose two per cent on a year-on-year basis to Rs 7,020 crore, its value of new business stood at Rs 438 crore for the June quarter, a slide of seven per cent compared to the year-ago period.
Polycab India
Polycab India also announced its first-quarter results on Tuesday, clocking an 81.7 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 399.2 crore. The company's revenue from operations for Q1 stood at Rs 3,889.38 crore, up 42.1 per cent.
Tata Communications
Tata Communications is set to announce its first-quarter results on Wednesday. As per Zee Business Research estimates, the communication company is set to witness a jump of 2.9 per cent to Rs 47,00 crore in its revenue. Read more
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, will 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's IPO, to raise up to Rs 500 crore, concluded last week with a robust response from investors.
Utkarsh Small Finance Bank IPO listing date
Utkarsh SFB shares are likely to be listed on stock exchanges BSE and NSE on June 24.
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 — are up 25.5 points or 0.13 per cent at 19,804.5 ahead of the opening bell on Dalal Street.
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