Share Market Highlights- Nifty settles above 19400, Sensex gains 160 pts; Bank Nifty above 44650, TCS, Infosys, LTIM gain

Share Market Highlights: Nifty settles above 19400, Sensex gains 160 pts; Bank Nifty above 44650, TCS, Infosys, LTIM gain

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session in the green. The NSE Nifty 50 advanced 29.45 points or 0.15% to 19,413.75 and the BSE Sensex gained 164.99 points or 0.25% to 65,558.89. In sectoral indices, Bank Nifty rose 25.60 points or 0.06% to 44,665.05, Nifty IT jumped 1.75%, Nifty Realty soared 1.02% while Nifty Auto fell 0.68%, Nifty Pharma tumbled 0.43%, Nifty PSU Bank tanked 2.38% and Nifty Oil & Gas plunged 1.17%. The top gainers on Nifty 50 were TCS, Hindalco, Infosys, Tech Mahindra and Bajaj FInserv while the losers were Power Grid, Coal India, UPL, Maruti Suzuki and BPCL.Live Updates

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

16:01 (IST) 13 Jul 2023 Where is share market headed after Nifty closes above 19410, Bank Nifty above 44660

Benchmark indices NSE Nifty 50 and BSE Sensex ended Thursday’s session in the green. “Today’s domestic rally was supported by the contra bet buying of the IT stocks which was supported by stable margins, new generation business opportunities and moderation of USD, as latest US inflation is fast approaching the Fed’s target levels. The broad market was trading positively at the all-time high level in anticipation of buoyant Q1 result and low volatility (VIX). However, a mixed start to bank earnings, coupled with ongoing concerns about domestic inflation, attracted bearish sentiment towards the latter half,” said Vinod Nair, Head of Research at Geojit Financial Services.

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15:41 (IST) 13 Jul 2023 Nifty, Sensex end in green

The NSE Nifty 50 gained 29.45 points or 0.15% to 19,413.75 and BSE Sensex rose 164.99 points or 0.25% to 65,558.89.

15:11 (IST) 13 Jul 2023 Nifty 50 headed towards 20k, Sensex eyes 68k after making new highs; check support, resistance

Benchmark indices NSE Nifty 50 and BSE Sensex made fresh all-time highs today with Nifty 50 jumping above the 19550 mark and 30-share Sensex above 66050. Analysts attribute today’s surge to positive global market sentiment and better-than-expected quarterly earnings from domestic companies. “Stocks like Infosys, TCS, HDFC Bank and Reliance Industries are the pillars supporting the markets. The fresh rally has come even as rising inflation remains a concern. Traders should maintain some caution while taking any fresh position, although the overall undertone is still bullish,” said Rakeshh Mehta, chairman at Mehta Equities Ltd. Now the Nifty 50’s new 52-week high is 19,567 and Sensex’s all-time high is 66,064.21. The top gainers on Nifty 50 were Hindalco, TCS, Infosys, LTIM and ICICI Bank while the losers were Power Grid, Coal India, UPL, NTPC and Maruti Suzuki.

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11:45 (IST) 13 Jul 2023 All Reliance Industries F&O open contracts to expire on 19 July on Jio Financial demerger

Reliance Industries’ open futures and options contracts for the months of July, August and September will expire on 19 July as a result of the demerger of Jio Financial from billionaire Mukesh Ambani led-RIL. The demerger is set to occur on the record date of 20 July. “All existing contracts with expiry dates July 27, 2023, August 31, 2023 and September 28, 2023, will expire on July 19, 2023. The methodology of settlement shall be separately intimated by respective Clearing Corporations,” said the National Stock Exchange, in a circular.

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10:32 (IST) 13 Jul 2023 Nifty, Sensex hit new all-time highs

NSE Nifty 50 and BSE Sensex made fresh 52-week highs today. The Nifty 50 soared over 200 points and hit 19,566.15. The 30-share Sensex skyrocketed 700 points and reached a new all-time high of 66,049.45.

10:29 (IST) 13 Jul 2023 TCS stock jumps over 1% today after Q1 net profit rises nearly 17%; Should you buy, sell Tata Consultancy shares?

Tata Consultancy Services (TCS) share price jumped 1.62% to Rs 3314.05 today after the IT major reported a 16.8% on-year rise in net profit for the quarter ended June 30, 2023, driven by strong growth in total contract value (TCV) deal wins despite a tough business environment. The company’s consolidated revenue for the quarter came in at Rs 59,381 crore, marking an on-year surge of 13%. TCS stock has gained 2.4% in the last one month and over 9% in the past one year.

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10:28 (IST) 13 Jul 2023 HCL Tech stock tanks 2% today after Q1 earnings miss estimates; should you buy, sell or hold HCL Tech shares?

HCL Tech share price tanked 2% to Rs 1087.75 today after the IT major’s Q1FY24 earnings missed analysts’ expectations. The company reported a nearly 8% on-year rise in consolidated net profit for the June quarter to Rs 3,534 crore. Consolidated revenue grew 12% on-year to Rs 26,296 crore. The board has recommended an interim dividend of Rs 10 a share. The company has fixed the record date as July 20 for the dividend payment. HCL Tech shares have fallen 3% in the last one month and have risen 20% in the past one year.

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09:20 (IST) 13 Jul 2023 Nifty, Sensex open in green

The NSE Nifty 50 surged 95.80 points or 0.49% to 19,480.10 and BSE Sensex jumped 362.40 points or 0.55% to 65,756.30.

08:58 (IST) 13 Jul 2023 Bank Nifty weekly options expiry shifts to Wednesday; Nifty Midcap Select F&O contracts to expire Monday

The National Stock Exchange (NSE) has again revised the expiry day of futures and options (F&O) contracts for Bank Nifty and Nifty Midcap Select. Now the Bank Nifty weekly F&O contracts will expire on Wednesday instead of Thursday. There’s no change in the monthly and quarterly expiry days; these contracts will expire on the last Thursday of every month. Meanwhile, Nifty Midcap Select contracts will now expire on Monday instead of Wednesday. The monthly contracts will expire on the last Monday of the respective contract month.

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08:04 (IST) 13 Jul 2023 US indices end in green

The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.25%, S&P 500 gained 0.74% and the tech-heavy Nasdaq jumped 1.15%.

08:03 (IST) 13 Jul 2023 Asian markets tarde in green

Asian markets were trading in green – China’s Shanghai Composite Index rose 0.71%, South Korea’s KOSPI gained 0.91%, Hong Kong’s Hang Seng skyrocketed 2.12%, Japan’s Nikkei 225 jumped 1.21%, and Asia Dow soared 1.66%.

08:03 (IST) 13 Jul 2023 GIFT Nifty trades flat

The GIFT Nifty futures were trading 3 points or 0.02% lower at 19,562.

08:02 (IST) 13 Jul 2023 Stocks To Watch: TCS, HCL Tech, Wipro, Reliance Industries, LTIMindtree, JSW Steel, Patanjali Foods

The GIFT Nifty recorded a 0.03% loss during Wednesday’s early trading session, with a value of 19,561.5 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s session in the red. The Nifty 50 sank 0.28% to 19,384.30 and Sensex tumbled 223.94 points to 65,393.90. 

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