Share Market HIGHLIGHTS: Nifty, Sensex record closing highs led by HDFC twins, TCS

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Share Market HIGHLIGHTS | Nifty, Sensex record closing highs

Nifty 50

NSE's Nifty50 ended at 18,856.85, up 40 points, or 0.21 per cent.

Source: NSE

Sensex

S&P BSE Sensex stood at 63,523.15 levels, up 195 points, or 0.31 per cent.

Source: BSE

Share Market HIGHLIGHTS | Power Grid, ONGC, Adani Ports rise most in 50-scrip blue-chip basket

Power Grid, ONGC, Adani Ports and HDFC twins are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, JSW Steel, Hindalco, Divi's Lab and M&M are among the top losers, down nearly 2-1 per cent.

Source: NSE

EXCLUSIVE | Income Tax Department conducts survey at Shree Cement offices at 5 locations in Rajasthan, say sources

The searches are in relation to Section 80IA of the Income Tax Act, sources tell Zee Business. Shree Cement declined to comment on queries over the telephone. 

Nifty Today LIVE | HDFC twins, Power Grid, L&T among top movers

HDFC twins, Power Grid, L&T and Bharti Airtel are the top movers in Nifty baskets at this hour. On the contrary, ITC, Axis Bank, M&M and JSW Steel 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 | Tata AIA declares its highest-ever bonus of Rs 1,183 crore for policyholders 

Tata AIA, one of India’s largest life insurers, has declared its highest-ever bonus of Rs 1,183 crore to its policyholders. This is 37 per cent higher than the Rs 861 crore bonus announced in FY22, the company said in its press release. A bonus in life insurance is a sum that is accumulated under a life insurance policy each year and is paid out upon the demise of the life assured, renunciation, or plan maturity, whichever comes first. This bonus payment is payable in addition to any life insurance policy payouts. Read more 

Share Market Today LIVE | Surge in Nifty, Sensex led by HDFC twins, says Geojit's Anand James

The surge in Nifty and Sensex is led by the HDFC twins, which were quite sluggish in the indices' run-up so far, Anand James, Chief Market Strategist at Geojit Financial Services, tells Zeebiz.com. Enthusiasm in the broader market is supported by the fact that more than 40 per cent of NSE 500 stocks are yet to break their respective peaks since Nifty logged its last peak, touched in December 2022, he says. "VIX is also subdued at 11, suggesting that the expectation of volatility is quite low despite Nifty and Bank Nifty being near record peaks," he adds.

Share Market Today LIVE | What does it mean for a stock to hit a 52-week high? Experts explain

Stock markets are largely driven by investor sentiment, and when sentiment is positive for a stock, there are chances that the stock may hit a 52-week high. This level is significant and has several implications for people who have invested in the stock market. Listed are some of the implications of a 52-week high, as per experts:

"This trend instills a heightened sense of confidence among investors, as it indicates strong corporate performance, positive financial results, promising growth prospects, and the ability to surpass market expectations. The upward trajectory can be attributed to either the temporary impact of specific news or the inherent dynamics of the company," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.

1. Attracts investors and traders: According to Mehul Kothari, AVP, Technical Research, Anand Rathi Shares, and Stock Brokers, a 52-week high attracts investors and traders who look forward to bullish momentum.

"Generally, a 52-week high and low dictate the ongoing trend of the stock. When a stock reaches a new 52-week high, it indicates positive momentum and also that the stock is trading at the highest point of the last 52 weeks," said Kothari. Read more 

Share Market Today LIVE | Tech Mahindra, HCL Tech, HDFC AMC, Castrol India, Metropolis, Zydus Wellness among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Vishvesh Chauhan, Sumeet Bagadia and Sharad Avasti share their top recommendations for the day in this special segment, Aaj Ka Dhan Yog Pick. 

On the top analysts' 'buy' list are stocks such as HCL Tech, HDFC AMC, Castrol India, Metropolis, Zydus Wellness and Tech Mahindra. Read more 

Share Market Today LIVE | As Sensex touches all-time high, BSE Midcap, BSE 200, BSE Smallcap among broader indices hitting unprecedented levels

As the Sensex scales an all-time high on June 21, a string of broader indices have also scaled record levels owing to positive momentum in the overall market. The BSE midcap, BSE Smallcap, Sensex Next 50, Smallcap Select and Allcap indices are among the gauges that hit their highest-ever intraday levels. Read more 

Share Market Today LIVE | Shriram Finance hits lifetime after block deal; Piramal Enterprises also zooms 15% 

Shares of Shriram Finance hit a lifetime high of Rs 1,764.45 apiece on the BSE in early morning trade after Piramal Enterprises sold its entire stake in Shriram Finance. As per Zee Business, Piramal Enterprises sold its entire 8.34 per cent stake in Shriram Finance today via a block deal. The floor price of the block deal, as per the report, was fixed at Rs 1,483 apiece, which is a 5 per cent discount on the last closing price. Read more 

Share Market Today LIVE | Sensex @ record high; crosses December 2022 peak to scale fresh peak

After slipping multiple times, the S&P BSE Sensex on Wednesday, June 21 morning trade has finally scaled a fresh all-time peak of 63,588.31. The previous all-time peak was 63,583.07, touched on December 1, 2022. 

Share Market Today LIVE | BSE midcap index has hit all-time high

The BSE midcap index has hit an all-time high on Wednesday of 28,745.47. BSE midcap index trades at 28,729.52, up by 287.08 points. 

Source: BSE

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 18,715-18,755 levels and a strong buy zone at 18,635-18,690 levels on Wednesday, June 21. For the Nifty Bank, the market wizard sees support at 43,500-43,625 levels and a strong base at 43,200-43,400 levels. 

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Share Market Today LIVE: Sensex rises 100 pts, Nifty touches 18,850

Nifty 50

NSE's Nifty is ruling at 18,832.15, up 15 points in the early morning deals. 

Source: NSE

Sensex

S&P BSE Sensex is trading 40 points, or 0.06 per cent higher at 63,367.89 levels in the early morning deals. 

Source: BSE

Share Market Today LIVE | IndiaMart InterMesh to trade ex-bonus today: All you need to know

IndiaMart InterMesh — an online business-to-business (B2B) marketplace — will trade ex-bonus date on Wednesday, June 21. IndiaMart InterMesh announced a bonus issue in the ratio of 1:1, meaning shareholders will get one additional share for each share held on the record date. Read more 

IndiaMart InterMesh corporate action 

Source: NSE

Share Market Today LIVE | Pidilite, RVNL, Shriram Finance, Piramal Enterprises, HDFC Life, defence stocks may remain in focus today 

Domestic equities are expected to see a muted start to trading on Wednesday amid subdued global cues. The Nifty futures on the Singapore Exchange (SGX) traded 21.5 points, or 0.11 per cent lower at 18,859.5. Besides, Asian stocks were subdued on Wednesday as a lack of new stimulus steps from Beijing frustrated investors, who were also wondering just how hawkish the world's most powerful central banker would choose to be later in the session.

Let's take a look at the top stocks that may remain in focus today:

Pidilite Industries: The company on Tuesday announced the launch of its state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol Pvt Ltd (PLPL) and Tenax Pidilite Pvt Ltd (TPPL), in Amod, Gujarat.

Shriram Finance, Piramal Enterprises: As per Zee Business, Piramal Enterprises is likely to sell its entire 8.34 per cent stake in Shriram Finance today via a block deal. The floor price of the block deal has been fixed at Rs 1483 apiece, which is a 5 per cent discount on the last closing price. Read more 

Share Market Today LIVE | SGX Nifty futures indicate a lower start ahead on Dalal Street

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — were nearly trading at 18,863.5, down 0.1 per cent at the last count ahead of the opening bell on Dalal Street.

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