Share Market Highlights- Nifty ends above 18800, Sensex jumps 150 pts; Bank Nifty above 43750, Tata Motors, HCL Tech gain

Share Market Highlights: Nifty ends above 18800, Sensex jumps 150 pts; Bank Nifty above 43750, Tata Motors, HCL Tech gain

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices recovered all the intraday losses and ended Tuesday’s session broadly in green. The NSE Nifty 50 surged 61.25 points or 0.33% to 18,816.70 and BSE Sensex soared 159.40 points or 0.25% to 63,327.70. In sectoral indices, Bank Nifty gained 132.75 points or 0.30% to 43,766.50, Nifty Auto rose 0.74%, Nifty IT was up 0.78% while Nifty Media fell 1.22% and Nifty Pharma dipped 0.19%. The top gainers on Nifty 50 were Tata Motors, HCL Tech, Power Grid, HDFC Life and Eicher Motors while the losers were Bajaj Finance, Bajaj Finserv, Sun Pharma, Mahindra & Mahindra and BPCL.Live Updates

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

16:15 (IST) 20 Jun 2023 Where is share market headed after Nifty ends above 18810, Bank Nifty above 43760

Benchmark indices NSE Nifty 50 and BSE Sensex recovered all the intraday losses and ended Tuesday’s session broadly in green. “The Indian market opened cautiously due to weak global cues, with heightened concerns over the Chinese economy following their decision to cut interest rates after a 10-month pause. Global worries were amplified by concerns of a possible rate hike by the US Fed in its July meeting, with investors eagerly awaiting Powell’s testimony. However, the indices managed to recover smartly, led by an upside in IT and Auto stocks,” said Vinod Nair, Head of Research at Geojit Financial Services.

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15:35 (IST) 20 Jun 2023 Nifty, Sensex end in green

The NSE Nifty 50 rose 61.25 points or 0.33% to 18,816.70 and BSE Sensex gained 159.40 points or 0.25% to 63,327.70.

15:16 (IST) 20 Jun 2023 Stocks at 52-Week Highs

Apollo Micro Systems, Ashok Leyland, Asian Energy Services, Aurionpro Solutions, Axiscades Technologies, Baid Finserv, Bajaj Consumer Care, Bcl Industries, Care Ratings, CCL Products (India), Centum Electronics, CIE Automotive India, Crest Ventures, CSL Finance, Cummins India, Dixon Technologies (India), Dynamatic Technologies, eClerx Services, Engineers India, EPL, Exide Industries, Fertilizers and Chemicals Travancore, Geekay Wires, GE Power India, Gokaldas Exports, Gravita India, HCL Technologies, HDFC Life Insurance Company, HEG, Hindustan Oil Exploration Company, HPL Electric & Power, IKIO Lighting, InterGlobe Aviation (IndiGo), Ind-Swift Laboratories, International Conveyors, Iris Clothings, Isgec Heavy Engineering, ITD Cementation India, Inox Wind Energy, Jay Bharat Maruti, JB Chemicals & Pharmaceuticals, JBM Auto, Jindal Drilling And Industries, JITF Infralogistics, JSW Ispat Special Products, JSW Steel, Jupiter Wagons, Keerti Knowledge and Skills, Krishna Institute of Medical Sciences, Kirloskar Industries, KPR Mill, LG Balakrishnan & Bros, Mahindra & Mahindra Financial Services, Mankind Pharma, Mazagon Dock Shipbuilders, Mishra Dhatu Nigam, Mindteck (India), Oil Country Tubular, Olectra Greentech, Par Drugs And Chemicals, Peninsula Land, PTC India Financial Services, Power Mech Projects, Precision Camshafts, PTC India, PTC Industries, Radico Khaitan, Rane Holdings, REC, Rico Auto Industries, Ramkrishna Forgings, Rane (Madras), Rolex Rings, Route Mobile, RPP Infra Projects, S&S Power Switchgears, Sandhar Technologies, Suratwwala Business Group, Servotech Power Systems, Shriram Pistons & Rings, Shriram Finance, Shyam Metalics and Energy, Sigma Solve, Sindhu Trade Links, Sintercom India, Skipper, Sarthak Metals, Subros, Sundaram Finance, Suryoday Small Finance Bank, Talbros Automotive Components, TARC, Tata Motors, Tembo Global Industries, Texmaco Rail & Engineering, Thangamayil Jewellery, TIPS Industries, TIitagarh Rail Systems, Virinchi, W S Industries (I), Zota Health Care among 106 stock to hit 52-week highs.

15:16 (IST) 20 Jun 2023 Stocks at 52-Week Lows

Lexus Granito (India), M K Proteins, Sindhu Trade Links, Zee Entertainment Enterprises, Reliance Communications, Siti Networks, Supreme Engineering and Viji Finance were among 9 stocks that hit 52-week lows.

15:15 (IST) 20 Jun 2023 Volume Gainers

Timken India, India Nippon Electricals, Nila Infrastructures, Amber Enterprises India, Orbit Exports, Jamna Auto Industries, Shilpa Medicare, Nila Spaces, Delta Manufacturing, Thyrocare Technologies, Mindteck (India), Dishman Carbogen Amcis, IIFL Securities, Global Vectra Helicorp, Energy Development Company, Archean Chemical Industries, Oil Country Tubular, HDFC Asset Management Company, Central Bank of India, ITI, Shemaroo Entertainment and Rane Brake Lining were among volume gainers.

15:15 (IST) 20 Jun 2023 NSE Nifty 50 – Top Gainers & Losers

HDFC Life, Tata Motors, Power Grid, HCL Tech, Eicher Motors, SBI Life, Bajaj Auto, Hindalco, Tech Mahindra and Adani Enterprises were the top gainers while Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, Divis Lab, Sun Pharma, IndusInd Bank, Cipla, SBIN, BPCL and ONGC were the losers.

14:41 (IST) 20 Jun 2023 Suzlon, Reliance Power, ZEEL among most active stocks

Suzlon, Reliance Power, Vodafone Idea, Yes Bank, ZEEL, IDFC First Bank, Tata Steel, Bank of Baroda and Zomato were the most active stocks.

14:41 (IST) 20 Jun 2023 Bank Nifty, Media fall; Auto, IT gain

In sectoral indices, Bank Nifty fell 109.95 points or 0.25% to 43,523.80, Nifty Media tanked 1.89% while Nifty Auto rose 0.41% and Nifty IT gained 0.45%.

14:40 (IST) 20 Jun 2023 Broader market indices trade in green

The broader market indices were trading in green – Nifty Midcap 50 rose 0.35%, Nifty Smallcap 100 gained 0.42% and Nifty Midcap Select was up 0.42%.

13:41 (IST) 20 Jun 2023 FMCG stocks may face time correction; sector rating ‘underweight’ but these share may offer growth, value

In a recent research report analysing India’s consumer sector stocks, BNP Paribas has retained its ‘underweight’ call, expressing concerns about the sector’s growth prospects, even while noting improved margin comfort. In the report, analyst Kunal Vora examines the financial metrics of the FMCG sector over the past decade, including pre- and post-pandemic trends. Despite these concerns, the report highlights that stocks such as Titan and Britannia are favoured for their growth potential, while ITC and Emami are seen as offering value.

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13:31 (IST) 20 Jun 2023 Nifty positively biased for short term towards 18800 shows June futures data; Auto, Cement, IT looks positive

This June series Nifty futures started with a premium of 70-80 points for the current month. For the Nifty futures, FII maintained around 40% short positions, lesser than last month’s series, which is now currently up to around 48% short. The index witnessed a long buildup rally since the start of this series which later faced profit booking, currently at lower positions. We believe that a dip in the index could be an opportunity to enter into longs and hence the ‘Buy on Dips’ is the trade sentiment in Nifty.

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11:08 (IST) 20 Jun 2023 HDFC AMC share price jumps 9% today despite Abrdn Investment offloading its entire 10.2% stake

HDFC AMC share price jumped 9% to Rs 2060 today despite Abrdn Investment Management offloading its entire 10.2% stake in HDFC Asset Management Company for Rs 3,920 crore or more. The sale corresponds to approximately 21.778 million shares. The brokerage commission and other charges for the transaction amount to 25 basis points, which the buyer will pay. Additionally, standard market charges will apply. The exchange rate used for the deal is 81.9425 INR/USD, based on the Bloomberg USD INR rate as of June 19, 2023.

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10:35 (IST) 20 Jun 2023 Is value investing useful? Surprising study of 100 undervalued, overvalued, fair value shares; check full list

A recent research report analysing the performance of overvalued, undervalued, and fairly valued stocks in India’s top 100 companies has challenged the conventional market wisdom, which expects cheaper (undervalued) stocks to outperform expensive (overvalued) shares. “Fairly valued stocks deliver better returns than both over- and undervalued scrips, per our analysis of forward PE and stock returns,” BOB Capital Markets said in a note last week. Not only this, Bobcaps research showed that the performance of even “overvalued stocks tends to be better than those that are undervalued”, analyst Kumar Manish said in the note.

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09:44 (IST) 20 Jun 2023 IndiGo stock jumps nearly 3% after largest-ever order in aviation history, bigger than Air India

IndiGo share price jumped 2.76% to Rs 2499.95 today after the company announced a mega aircraft order for 500 Airbus A320 family planes, the largest-ever order placed by an airline in one go anywhere in the world. InterGlobe Aviation has dwarfed Air India’s February order for 470 Airbus and Boeing planes with this order. The company signed a purchase agreement at the Paris Air Show. “This will provide IndiGo a further steady stream of deliveries between 2030 and 2035… The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft,” IndiGo said in a statement.

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09:43 (IST) 20 Jun 2023 IIFL Securities stock tanks 18% today after SEBI bans brokerage from signing new broking clients for 2 years

IIFL Securities share price tanked 18.4% to Rs 58 today after SEBI banned the stockbroking unit of the brokerage from onboarding any new client for two years, citing alleged misuse of client funds. The Securities and Exchange Board of India inspected the operations and accounts of IIFL Securities between April 2011 and January 2017 and found several alleged violations of its rules, including mixing clients’ funds with its own funds and utilising credit balances in one client’s account for the needs of others.

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09:20 (IST) 20 Jun 2023 Nifty, Sensex open in red

The NSE Nifty 50 dipped 36.30 points or 0.19% to 18,719.15 and BSE Sensex plunged 145.76 points or 0.23% to 63,022.54.

08:25 (IST) 20 Jun 2023 HAL, ZEEL, L&TFH and others under F&O ban today

Hindustan Aeronautics, Delta Corp, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, Tata Chemicals and Zee Entertainment Enterprises are under F&O ban today. Securities thus banned under the F&O segment include companies where derivative contracts have crossed 95 percent of the market-wide position limit.

08:23 (IST) 20 Jun 2023 FII/DII data

Foreign institutional investors (FII) sold shares worth a net Rs 1,030.90 crore, while domestic institutional investors (DII) offloaded shares worth a net Rs 365.20 crore on June 19, provisional data from the NSE shows.

08:21 (IST) 20 Jun 2023 Asian markets trade in red

Asian markets were trading broadly in red – Hong Kong’s Hang Seng tanked 1.07%, China’s Shanghai Composite index dipped 0.24%, Japan’s Nikkei 225 tumbled 0.50%, South Korea’s KOSPI fell 0.35%, and Asia Dow plunged 0.63%.

08:21 (IST) 20 Jun 2023 SGX Nifty falls 75 pts

The Nifty futures on Singapore Exchanges (SGX) were trading 75 points or 0.40% lower at 18,799 in the early morning trade.