Share Market Highlights- Nifty closes above 19350, Sensex jumps 270 pts; Bank Nifty above 45300, Bajaj twins gain, Eicher Motors falls

Share Market Highlights: Nifty closes above 19350, Sensex jumps 270 pts; Bank Nifty above 45300, Bajaj twins gain, Eicher Motors falls

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Tuesday’s session in green. The NSE Nifty 50 jumped 66.45 points or 0.34% to 19,389 and BSE Sensex soared 274 points or 0.42% to 65,479.05. In sectoral indices, Bank Nifty surged 143.35 points or 0.32% to 45,301.45, Nifty Financial Service increased 0.79%, Nifty IT surged 1.04% and Nifty PSU Bank soared 1.89% while Nifty Auto fell 0.48%. The top gainers on Nifty 50 were Bajaj Finance, Bajaj Finserv, Hero MotoCorp, Tech Mahindra and Sun Pharma while the losers were Eicher Motors, Bharti Airtel, Grasim, Axis Bank and Reliance Industries Ltd (RIL).Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights

16:51 (IST) 4 Jul 2023 Where is share market headed after Nifty closes above 19380, Bank Nifty above 45300

Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs today and ended Tuesday’s session in green. “The market is maintaining its optimism; however, a profit-booking tendency is visible at the upper band as the recent rally has raised the market to the historic new high range. The momentum of the market has shifted from the frontlines of this year to the laggards like IT, commodities, and PSUBs. The market is taking a breather ahead of the upcoming Q1 results. Pharma and banking displayed a positive trend, while the auto sector faced selling pressure following a mixed set of sales data for the month of June,” said Vinod Nair, Head of Research at Geojit Financial Services.

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15:36 (IST) 4 Jul 2023 Nifty, Sensex end in green

The NSE Nifty 50 advanced 66.45 points or 0.34% to 19,389 and BSE Sensex surged 274 points or 0.42% to 65,479.05.

15:31 (IST) 4 Jul 2023 Volume Gainers

Alankit, Kaveri Seed Company, Bedmutha Industries, Aster DM Healthcare, Swelect Energy Systems, Amj Land Holdings, Career Point, Albert David, Bigbloc Construction, Jagran Prakashan, Seshasayee Paper and Boards, HPL Electric & Power, Remsons Industries, IDFC, Dilip Buildcon, IOL Chemicals and Pharmaceuticals, Gulshan Polyols, OnMobile Global, La Opala RG, Ganesh Housing Corporation, Radico Khaitan and Goodluck India were among the volume gainers.

15:31 (IST) 4 Jul 2023 Stock at 52-Week Lows

Gensol Engineering, Golden Tobacco, HMA Agro Industries, Jet Airways (India), NIIT, Rajesh Exports, Sheetal Cool Products, Arshiya, Paras Petrofils, Sri Adhikari Brothers Television Network, Sanco Industries, TECIL Chemicals and Hydro Power and Viji Finance were among 14 stocks that hit 52-week lows.

15:31 (IST) 4 Jul 2023 Stocks at 52-Week Highs

360 ONE WAM, Albert David, Angel One, Apar Industries, Aster DM Healthcare, AstraZeneca Pharma India, Avalon Technologies, Avonmore Capital & Management Services, Bajaj Finance, Bank of Baroda, Bombay Dyeing & Mfg Company, Can Fin Homes, CARE Ratings, CCL Products (India), Cholamandalam Investment and Finance Company, Cholamandalam Financial Holdings, CIE Automotive India, CMS Info Systems, Dilip Buildcon, Endurance Technologies, Exide Industries, FDC, Ganesh Housing Corporation, Genus Power Infrastructures, GHCL Textiles, Goldstone Technologies, Gulshan Polyols, The Hi-Tech Gears, HMA Agro Industries, HPL Electric & Power, IDFC, Indian Hume Pipe Company, Ind-Swift Laboratories, IndusInd Bank, Inox Wind, International Conveyors, Indian Oil Corporation, ITC, The Jammu & Kashmir Bank, Jagran Prakashan, Jash Engineering, Jay Bharat Maruti, JBM Auto, Jindal Saw, JITF Infralogistics, JK Tyre & Industries, Jyothy Labs, Kamdhenu Ventures, Kirloskar Electric Company, Kovai Medical Center and Hospital, La Opala RG, Macrotech Developers, LTIMindtree, Lumax Auto Technologies, Mahindra & Mahindra Financial Services, Maha Rashtra Apex Corporation, Maharashtra Scooters, Global Health, NTPC, Olectra Greentech, The Orissa Minerals Development Company, Patel Engineering, Power Finance Corporation, Prime Focus, Power Mech Projects, Radico Khaitan, S&S Power Switchgears, Safari Industries (India), Sandhar Technologies, Sanghvi Movers, Sat Industries, Som Distilleries & Breweries, Shoppers Stop, SJS Enterprises, Strides Pharma Science, Suprajit Engineering, Swaraj Engines, Talbros Automotive Components, Tanla Platforms, Titan Company, Trent, Ujjivan Small Finance Bank, Vardhman Polytex, Vesuvius India and Xchanging Solutions were among 114 stocks that hit 52-week highs.

15:28 (IST) 4 Jul 2023 JM Financial announces first close of its maiden performing credit fund – JM Credit Opportunities Fund – 1

JM Financial announced the first close of its performing credit Fund – JM Credit Opportunities Fund – 1. The fund is managed by JM Financial AMC as Investment Manager. The fund targets gross returns in the mid to high teens through a mix of secured lending, with potential upside participation in the equity performance of underlying companies. The fund targets a final close around June 2024 with a target deployment of Rs 1500 cr (inclusive of co-investments with JM Group).

14:40 (IST) 4 Jul 2023 Nifty PSU Bank index jumps nearly 3% today, SBI among preferred stocks; check credit growth outlook

Nifty PSU Bank index jumped 2.8% to 4,377.25 today as the market mood remained positive despite mixed global cues. The NSE Nifty 50 rose 89.50 points or 0.46% to 19,412.05 and BSE Sensex soared 361.82 points or 0.55% to 65,566.87. All the banking and non-banking indices such as Bank Nifty, Nifty Financial Service and Nifty Private Bank were trading in green. The top gainers on Nifty PSU Bank were Punjab National Bank (PNB), Bank of India, Indian Overseas Bank, Punjab & Sind Bank and Indian Bank while there were no losers.

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13:56 (IST) 4 Jul 2023 Angel One launches fraud awareness campaign

Angel One launched an industry-first fraud awareness campaign – #jagruktejabhai – across platforms. This campaign aims to educate, inform and create awareness about tactics used by scamsters to defraud investors. Launched with a multi-platform strategy on social media platforms like YouTube, Twitter, Instagram and Telegram, the campaign is designed to achieve a multiplier effect to create an impact.

13:53 (IST) 4 Jul 2023 Bank Nifty jumps above 45650; check top gainers/losers

Bank Nifty made a new high today, jumping above 45,650. The top gainers on the index were PNB, Federal Bank, Bank of Baroda, HDFC Bank and SBIN while the losers were IDFC First Bank, Bandhan Bank, Axis Bank and IndusInd Bank.

13:50 (IST) 4 Jul 2023 Hero MotoCorp, Avenue Supermarts, Vehicle Finance, V-Mart on Motilal Oswal’s ‘Buy’ list

Benchmark indices NSE Nifty 50 and BSE Senxex made new all-time highs yet again today. The Nifty 50 surpassed the 19,400 mark and BSE Sensex jumped above 65,600. Analysts at Motilal Oswal have added Hero Motocorp, Avenue Supermarts (D-Mart), Vehicle Finance and V-Mart Retail to their ‘Buy’ list. “The valuations are far more reasonable today vs its last high in Oct’21. We maintain our ‘Over Weight’ stance on Financials, Capex, Autos and Consumption. In our model portfolio, we are ‘Neutral’ on IT and Healthcare and ‘Under Weight’ on Metals, Energy and Utilities,” said analysts.

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11:30 (IST) 4 Jul 2023 Senco Gold IPO opens: Subscription begins for Rs 405-cr public issue, GMP soars 38%

Senco Gold’s Rs 405-crore IPO opened for subscription today. The price band of the issue is fixed at Rs 301-317 per share; the company has raised Rs 121.49 crore from 21 anchor investors. The initial public offer will close on Thursday, July 6. Senco Gold shares’ grey market premium (GMP) soared 38.49% on Tuesday, commanding a premium of Rs 122 over the upper end of the IPO price, implying a listing price of Rs 439 per share. The issue has been booked 0.11 times so far, with total bids of 9,90,102 shares. Retail investors subscribed 0.19 times. The NII portion has been subscribed 0.04 times.

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11:06 (IST) 4 Jul 2023 Bank Nifty jumps above 45200; check top gainers/losers

Bank Nifty rose 64.40 points or 0.14% to 45,222.50. The top gainers were PNB, Federal Bank, Bank of Baroda, SBIN and HDFC Bank while the losers were IDFC First Bank, Axis Bank, Bandhan Bank, IndusInd Bank and Kotak Bank.

11:01 (IST) 4 Jul 2023 Lupin share price gains 0.38%

Lupin share price rose 0.38% to Rs 895.8 after the company received approval from the US FDA for its abbreviated new drug application for Cyanocobalamin nasal spray.

10:56 (IST) 4 Jul 2023 D-Mart share price jumps over 1%

Avenue Supermarts share price jumped 1.27% to Rs 3914.35 after the D-Mart operator reported an 18.1% on-year growth in its standalone revenue at Rs 11,584.44 crore for the quarter ended June FY24, up from Rs 9,806.9 crore in the same period last year. The total number of stores as of June 2023 stood at 327.

10:54 (IST) 4 Jul 2023 Bajaj Finance share price jumps 7%

Bajaj Finance share price jumped 7% to Rs 7854.9 after the company’s new loans booked during Q1 FY24 grew by 34% to 9.94 million compared to 7.42 million in Q1FY23. Deposits book stood at approximately Rs 49,900 crore as of June 2023, increasing 46% over Rs 34,102 crore as of June 2022. Assets under management rose by 32% to Rs 2.7 lakh crore in Q1FY24 against the same period last year.

10:52 (IST) 4 Jul 2023 Adani Green Energy shares gain nearly half a percent

Adan Green Energy shares rose 0.44% to Rs 946 after the company’s board said that it will consider approving fundraising via an issue of equity shares or any other mode including private placement, QIP and preferential issues on July 6.

10:50 (IST) 4 Jul 2023 Adani Transmission shares gain marginally

Adani Transmission shares rose 0.14% to Rs 774 after GQG Partners purchased an additional 3% stake worth Rs 2,633 crore in the company. Its shareholding in Adani Transmission increased to 6.54% from 3.54% earlier.

09:46 (IST) 4 Jul 2023 IDFC First Bank stock tanks nearly 5% today after bank’s board approves merger with IDFC

IDFC First Bank share price tanked 4.8% to Rs 77.99 today after the bank’s board approved the amalgamation of IDFC with the bank. The share exchange ratio for the amalgamation will be 155 equity shares of IDFC First Bank for every 100 equity shares of IDFC.

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09:28 (IST) 4 Jul 2023 Bank Nifty jumps above 45250; check top gainers/losers

Bank Nifty surged 116.70 points or 0.26% to 45,274.80. The top gainers were PNB, HDFC Bank, IndusInd Bank, ICICI Bank and Federal Bank while the losers were IDFC First Bank, Axis Bank, Bandhan Bank, AU Bank and Kotak Bank.

09:20 (IST) 4 Jul 2023 Nifty, Sensex open in green

The NSE Nifty 50 surged 85.90 points or 0.44% to 19,408.45 and BSE Sensex jumped 343.55 points or 0.53% to 65,548.60.

09:13 (IST) 4 Jul 2023 Bank Nifty support at 45000-45100

“Bank Nifty trend for the coming week can be considered as sideways to bullish where dips can be used as a buying opportunity. The resistance is at around 45300, 45500 and the support is at around 45000, 45100 and till the time banknifty breaks this range it is expected to remain sideways. Technical indicator RSI is at around 69 whereas the 200 EMA is at 41600,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio Ltd.

Share Market Outlook Today

09:13 (IST) 4 Jul 2023 Bank Nifty to target levels of 45500

“Bank Nifty has witnessed follow through buying interest and is hitting New all-time highs along with the Nifty which is a bullish sign. Both price and momentum indicators are suggesting a further upside in the Bank Nifty. On the upside we expect it to target levels of 45500,” said  Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Share Market Outlook Today

09:13 (IST) 4 Jul 2023 Bank Nifty resistance at 45500

“Bank Nifty has witnessed a strong bullish trend with the bulls dominating the market. It successfully surpassed the hurdle of 45,000, indicating the strength of the upward momentum. Bank Nifty next resistance level is at 45,500, where fresh call writing has been observed. This indicates a potential hurdle that may slow down the upward movement of the index,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.

Share Market Outlook Today

09:13 (IST) 4 Jul 2023 Nifty 19250-19180 would be key levels to watch out

“Nifty hovered between 19250 to 19335 price range, with the short term technical set up still in to the positive side. However, due to temporary overbought conditions we could see some profit booking at higher levels. For traders, 19250-19180 would be the key levels to watch out while 19400-19435 could act as a crucial resistance zone,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.

Share Market Outlook Today

09:12 (IST) 4 Jul 2023 Nifty expected to target 19500

“Nifty break of Monday’s low (19234) shall be the first signs to look for a consolidation to set in and until then the strategy to trade would be hold on to the long positions with a trailing stoploss mechanism. Overall, the uptrend is intact, and we expect levels of 19500. In terms of levels, 19230–19200 shall act as a crucial support zone while 19380–19400 shall act as a crucial resistance zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Share Market Outlook Today

09:12 (IST) 4 Jul 2023 Nifty resistance visible at 19450-19500

“Nifty continues its upward movement with bulls at the helm despite selling pressure at higher levels. The trend remains bullish as the index sustained above the critical moving average. The current bullish trend is supported by a bullish crossover in the RSI momentum indicator. The support on the lower end is placed at 19200; while resistance is visible at the 19450-19500 zone,” said Rupak De, Senior Technical analyst at LKP Securities.

Share Market Outlook Today

09:12 (IST) 4 Jul 2023 Nifty immediate reciprocal retracement targets around 19440–19500

“Due to the rapid surge in recent sessions, indicators are entering an overbought zone, and with Nifty deviating significantly from the 5EMA on the daily chart, there is a possibility of occasional dips or sideways consolidation. The immediate support level has shifted higher towards 19000, while the immediate reciprocal retracement targets come around 19440 – 19500 levels,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.

Share Market Outlook Today

09:11 (IST) 4 Jul 2023 Nifty support at 19288-19201

Once we cross 19350, the next resistance is placed at 19500. First support at  19288 and then 19201, according to Rahul Sharma, JM Financial.

Share Market Outlook Today

08:58 (IST) 4 Jul 2023 US indices end in green

The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.03%, S&P 500 gained 0.12% and the tech-heavy Nasdaq advanced 0.21%.

08:58 (IST) 4 Jul 2023 Asian markets trade lower

Asian markets were trading mostly in red – China’s Shanghai Composite Index dipped 0.08%, South Korea’s KOSPI fell 0.26%, Japan’s Nikkei 225 tanked 1.13%, Asia Dow tumbled 0.86% while Hong Kong’s Hang Seng rose 0.3%.

08:58 (IST) 4 Jul 2023 GIFT Nifty gains marginally

The GIFT Nifty futures were trading 10.50 points or 0.05 higher at 19,449.50.