Share Market HIGHLIGHTS: Nifty reclaims 18,800, extends gains to 2nd straight day; Sensex leaps 446 pts
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty and Sensex registered sharp gains on Tuesday amid broad-based buying, with financial and IT shares being the top contributors to the upmove. Catch highlights of the June 27 session in the Indian share market, 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 secured sharp gains on Tuesday buying across sectors, driven by strength in the financial basket. Equities in other Asian markets staged mixed moves as caution persisted about the prospect of more of aggressive hikes in benchmark interest rates to tame red-hot inflation.
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 leaps to 18,817, rises for 2nd straight day; Sensex gains 446 pts to end at 63,416
Both headline indices finish the day 0.7 per cent higher. The Nifty rises 126.2 points to settle at 18,817.4, and the Sensex finishes at 63,416, up 446 points from its previous close.
Nifty
Share Market Today LIVE | All 12 Nifty Bank stocks in green; SBI, Federal Bank, Axis Bank, HDFC Bank top gainers
Stock CMP Change (%) SBIN 567.7 1.91 FEDERALBNK 123.1 1.48 AXISBANK 974.4 1.44 HDFCBANK 1,658.50 1.4 PNB 50.9 1.19 ICICIBANK 938.45 1.19 KOTAKBANK 1,843.65 1.14 AUBANK 750.45 0.68 BANDHANBNK 238 0.61 IDFCFIRSTB 78.15 0.51 INDUSINDBK 1,318.00 0.22 BANKBARODA 190.9 0.08 NIFTY BANK WITHIN 65 PTS OF ALL-TIME HIGH
Share Market Tips LIVE | Buy HBL Power, Sanghvi Movers shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying HBL Power shares for a target of Rs 170 with a stop loss at Rs 149. Besides, he recommends buying Sanghvi Movers shares for a target of Rs 495 with a stop loss at Rs 465.
Share Market Today LIVE | HDFC-HDFC Bank merger to be effective from July 1
HDFC-HDFC Bank merger to be effective from July 1. The board will meet on June 30. HDFC shares will go off the market effective July 13.
Both HDFC Bank and HDFC rise 2% following the announcement. HDFC Bank shares trade at 1,663.85, up by 1.76 per cent whereas HDFC shares trade at 2,770.25, up by 1.84 per cent on NSE.
Share Market Today LIVE | Hindustan Aeronautics board approves stock split; check details
The board of Hindustan Aeronautics (HAL) on Tuesday, June 27, approved the sub-division of equity shares. In its regulatory filing, the company said its board has agreed to the sub-division or stock split of the existing 1 equity share of the face value of Rs 10 each fully paid up into 2 Equity Shares of Rs 5 each fully paid up. The Record Date for the purpose of the sub-division of equity shares shall be Friday, September 29, 2023, if the sub-division is approved by the shareholders at the AGM, the filing added. HAL stock trades at Rs 3,678, down by Rs 23.05 or 0.62 per cent after the board meeting. Read more
Share Market Today LIVE | Gujarat Pipavav Port, HDFC Life, Metropolis Healthcare rise most among almost 288 gainers in BSE 500 universe
On the other hand, Supreme Petrochem, Eclerx Services and Alok Industries were the worst hit among the 208 laggards.
Source: BSE
Share Market Today LIVE | Overall market breadth in favour of the bulls
The market breadth on BSE stands at 8:5, as 2,087 stocks are up and 1,287 down at this hour.
EXCLUSIVE | Zerodha co-founder Nithin Kamath: It's difficult to build broking business without technology
There is a bullish momentum in India currently, but making money is still difficult, said Nithin Kamath, co-founder of broking firm Zerodha, in an exclusive interaction with Zee Business' Managing Editor Anil Singhvi. Kamath further said that Zerodha's business depends on Nifty returns, and they have never resorted to any shortcuts in their business. Kamath added that Zerodha receives orders worth Rs 1 crore every day and said it's difficult to build a broking business without technology. Zerodha can use artificial intelligence (AI) in customer support going forward, Kamath said. The Bengaluru-based entrepreneur added that they adapt their business in accordance with the change in regulations. Read more
Share Market Today LIVE | Dr Reddy's, Lupin, Coforge, Can Fin Homes, Angel One touch 52-week highs
As many as 18 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone:
Stock CMP 52-week high Previous 52-week high ABCAPITAL 188.5 188.75 183.50 (21 Jun 2023) ANGELONE 1,720.00 1,725.00 1,700.00 (26 Jun 2023) APARINDS 3,400.30 3,421.70 3,360.00 (26 Jun 2023) CANFINHOME 774.95 776.2 765.00 (19 Jun 2023) COFORGE 4,650.50 4,689.65 4,678.00 (21 Jun 2023) DRREDDY 5,061.30 5,087.40 5,074.65 (26 Jun 2023) GPPL 124.05 127.8 120.25 (05 Apr 2023) INDIGO 2,525.65 2,546.05 2,507.95 (23 Jun 2023) JKCEMENT 3,414.05 3,451.50 3,450.00 (21 Jun 2023) LUPIN 885.85 889.9 885.00 (21 Jun 2023) MUTHOOTFIN 1,232.55 1,243.10 1,242.15 (22 Jun 2023) POLICYBZR 720 731.65 708.00 (26 Jun 2023) SAREGAMA 419.3 444 440.00 (30 Aug 2022) SHYAMMETL 367.75 368.15 355.95 (22 Jun 2023) TORNTPHARM 1,877.50 1,893.55 1,886.25 (31 May 2023) TRENT 1,745.65 1,773.95 1,761.00 (26 Jun 2023) VGUARD 285.1 288 277.50 (26 Jun 2023) ZYDUSLIFE 570.65 570.9 564.50 (21 Jun 2023) Share Market Today LIVE | Hasty deal? Axis Bank, SBI meet today to consider bid for Maharashtra power company by a little-known ARC, say sources
Can Axis Bank and State Bank of India's haste to sell a power plant in Maharashtra to a little-known asset reconstruction company (ARC) run into regulatory hurdles? A bid by Chartered Finance Management (CFM) ARC for Vidarbha Industries Power Ltd (VIPL), which has a 600 mv coal-based power plant near Nagpur, is under the consideration of Axis Bank and SBI, the lenders to the power company. Read more
Stock Market Holiday | Stock market to remain closed on Thursday, June 29 instead of Wednesday
The domestic stock exchanges, BSE and NSE, will remain closed on Thursday, June 29, on account of Bakra Eid (Eid al-Adha). Earlier, it was reported that the market would be closed on Wednesday, June 28. Read more
Nifty Today LIVE | Bharti Airtel, Infy, HDFC Bank among top movers
Bharti Airtel, Infy, HDFC Bank and Axis Bank are the top movers in Nifty baskets at this hour. On the contrary, ITC, Bajaj Finance, Titan and HUL 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 | HDFC Bank, DLF, Dabur among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Kunal Shah, Sandeep Jain 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 Delta Corp, PCBL, Alkem Laboratories, Lupin, HDFC, HDFC Bank, Dabur, DLF, Navin Flourine shares and Bata India. Read more
Share Market Today LIVE | Macquarie downgrades Paytm after upgrading it in February; why did it change its stance? Read on
Global brokerage Macquarie has downgraded Paytm stock to 'Neutral' from 'Outperform'. The target price stands at Rs 800. After a long time, Paytm has seen any downgrade, according to Zee Business Research. It must be noted that in February this year, Macquarie upgraded the stock to 'Outperform' from 'Underperform' with a target price of Rs 800. Read more
Share Market Today LIVE | Elin Electronics pre-IPO lock-in ends; stock zooms
Newly-listed Elin Electronics shares are trading at 177.6, up nearly 8 per cent on BSE. Elin Electronics' shares were in high demand on Tuesday, breaking out of a three-day losing streak, as a pre-IPO lock-in period drew to a close. The stock of Elin Electronics — a provider of electronics manufacturing services — gained by as much as Rs 14.5 or 8.8 per cent to Rs 179 apiece on BSE, having declined 2.7 per cent in the past three sessions. Read more
Share Market Today LIVE | ICICI Prudential Life shares recover after slipping in early deals on GST demand notice
ICICI Prudential Life received a GST demand notice of Rs 492.06 crore from tax authorities on Monday, the shares trade at Rs 565.45, up by 0.25 per cent on NSE. Post the news, the private sector life insurance company's share on Tuesday opened at Rs 561.05, down from the previous close of Rs 564.05 on the NSE. However, minutes later, the stock trimmed the losses and rose as much as over 1 per cent to touch the day's high of Rs 570.45.
ICICI Pru said in a regulatory filing, "The matter relates to an industry-wide issue of the input tax credit, and the company believes that it has availed eligible input GST credit in compliance with the provisions of the Central Goods and Service Tax (GST) Act, 2017, and other applicable laws." 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 18,635-18,665 levels and a strong buy zone at 18,550-18,600 levels on Tuesday, June 27. For the Nifty Bank, the market wizard sees support at 43,450-43,550 levels and a strong buy zone at 43,200-43,350 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | Nifty above 18,750, Sensex up 200 pts
Nifty 50
NSE's Nifty trades at 18,756.65, up 0.35 per cent in early morning deals.
Source: NSESensex
S&P BSE Sensex trades at 63,177.07, up by 0.33 per cent in early morning deals.
Source: BSE
Share Market Today LIVE | Cyient DLM IPO to hit the Street today; should you subscribe?
IT company Cyient's subsidiary, Cyient DLM, is all set to launch an IPO worth Rs 592 crore on Tuesday, June 27. The subscription window for the initial share sale will be open for three trading days, till June 30. The Cyient DLM IPO comprises fresh issuance of shares. Zee Business Managing Editor Anil Singhvi recommends applying for the IPO for listing gains and from a long-term perspective. Read more
Share Market Today LIVE | Amrutanjan Healthcare, Havells, Hindustan Aeronautics, Sapphire Foods, and ICICI Pru Life among top stocks to track
SGX Nifty indicates a positive start to trading on Dalal Street on June 27. At 08:29 AM, the Nifty futures on the Singapore Exchange (SGX) traded 29 points, or 0.16 per cent higher at 18,733 levels.
Here's a list of stocks that may trade actively in today's session.
Sapphire Foods: Sapphire Foods India Holder is expected to sell 3 million shares today via a block deal. The price band has been fixed at Rs 1,345 - Rs 1,391 apiece, according to a Bloomberg report.City Union Bank: City Union Bank on Monday said it will raise Rs 500 crore through the Qualified Institutional Placement (QIP) route to fund business growth. The board of directors at a meeting approved raising of further capital through the QIP route to the tune of Rs 500 crore, City Union Bank said in a regulatory filing.
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