Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Wednesday’s session broadly in green. The NSE Nifty 50 gained 127.40 points or 0.68% to 18,726.40 and BSE Sensex skyrocketed 350.08 points or 0.56% to 63,142.96. In sectoral indices, Bank Nifty soared 110.75 points or 0.25% to 44,275.30, Nifty FMCG surged 571 points or 1.12% to 51,609.40, Nifty Metal jumped 90.30 points or 1.51% to 6,057.75 and Nifty Realty zoomed 7.90 points or 1.59% to 506.30. The top gainers on Nifty 50 were Britannia, Tata Consumer, BPCL, Nestle India and HDFC Life while the losers were Kotak Bank, Cipla, Maruti Suzuki, Bajaj Finance and Adani Ports.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:05 (IST) 7 Jun 2023 Where is share market headed after Nifty closes above 18720, Bank Nifty above 44270
Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s session broadly in green. “Investors are becoming more optimistic due to the anticipation of a positive revision in the RBI’s inflation forecast during the ongoing MPC meeting. It is expected that the RBI will maintain its pause on rate hikes, considering the significant improvement in inflation, which has now come within the RBI’s comfort zone. Furthermore, the participation of FIIs as net buyers, after a brief halt, contributed to today’s market rally, particularly driven by mid and small-cap stocks,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:35 (IST) 7 Jun 2023 Nifty, Sensex end in green
The NSE Nifty 50 soared 127.40 points or 0.68% to 18,726.40 and BSE Sensex jumped 350.08 points or 0.56% to 63,142.96.
14:51 (IST) 7 Jun 2023 Stocks at 52-Week Lows
Future Enterprises, Goyal Aluminiums, Paras Petrofil, Siti Networks, Sintex Plastics Technology, Suumaya Industries, Viji Finance and Lexus Granito (India) were among 10 stocks that hit 52-week lows.
14:51 (IST) 7 Jun 2023 Stocks at 52-Week Highs
3M India, 5Paisa Capital, AIA Engineering, Anant Raj, Apollo Hospitals Enterprise, Apollo Pipes, Apollo Tyres, Arrow Greentech, Artemis Medicare Services, Asian Hotels (North), Aster DM Healthcare, Aurionpro Solutions, Aurobindo Pharma, Avalon Technologies, Axis Bank, Bajaj Auto, Bharat Dynamics, Bharat Electronics, Birla Corporation, Britannia Industries, Can Fin Homes, Capacit’e Infraprojects, Centum Electronics, Capri Global Capital, Chembond Chemicals, Cholamandalam Investment and Finance Company, Craftsman Automation, CRISIL, Dalmia Bharat, Data Patterns (India), DC Infotech And Communication, DLF, Dreamfolks Services, Electrosteel Castings, Engineers India, Force Motors, Fusion Micro Finance, Genus Power Infrastructures, Glenmark Pharmaceuticals, Globus Spirits, Glenmark Life Sciences, Gokaldas Exports, Greenlam Industries, GRP, Hindustan Aeronautics, Hardwyn India, HBL Power Systems, Hero MotoCorp, Hindustan Petroleum Corporation, Himadri Speciality Chemical, Ice Make Refrigeration, IDFC, IDFC First Bank, InterGlobe Aviation, IOL Chemicals and Pharmaceuticals, ION Exchange (India), Iris Clothings, Isgec Heavy Engineering, ITD Cementation India, Inox Wind Energy, IZMO, JITF Infralogistics, KDDL, KEI Industries, Kirloskar Brothers, Kirloskar Pneumatic Company, L&T Finance Holdings, Lorenzini Apparels, Lloyds Steels Industries, Mahindra & Mahindra, Maan Aluminium, Mahindra CIE Automotive, Manaksia, Man Infraconstruction, Mankind Pharma, Marathon Nextgen Realty, Marksans Pharma, Maruti Suzuki India, Max Healthcare Institute, MPS, Munjal Showa, NAVA, Nestle India, NINtec Systems, Nitin Spinners, NRB Bearing, NMDC Steel, Nucleus Software Exports, Patel Engineering, Pavna Industries, Peninsula Land, Procter & Gamble Health, Pondy Oxides & Chemicals, PB Fintech, Prestige Estates Projects, Prime Securities, Race Eco Chain, Ram Ratna Wires, REC, Repco Home Finance, Responsive Industries, Revathi Equipment, Rico Auto Industries, Safari Industries (India), Saksoft, Sanghvi Movers, Sanofi India, Sansera Engineering, Shivalik Bimetal Controls, Som Distilleries & Breweries, Servotech Power Systems, Sintercom India, SKM Egg Products Export (India), Strides Pharma Science, Star Cement, Stylam Industries, Surya Roshni, Swaraj Engines, Syngene International, Taj GVK Hotels & Resorts, TARC, Tata Communications, Tata Motors, Thomas Scott (India), TIPS Industries, Titan Company, Torrent Power, Trent, TVS Motor Company, Titagarh Wagons, Ujjivan Small Finance Bank, UltraTech Cement, Usha Martin, Vardhman Polytex, Voltamp Transformers, VA Tech Wabag, Welspun Investments and Commercials and ZF Commercial Vehicle Control Systems India are among 145 stocks to hit 52-week highs.
14:51 (IST) 7 Jun 2023 Volume Gainers
Touchwood Entertainment, Sangam (India), Alkali Metals, Bharat Road Network, DB (International) Stock Brokers, Genesys International Corporation, PPAP Automotive, Palash Securities, Orissa Bengal Carrier, Strides Pharma Science, HOV Services, Maha Rashtra Apex Corporation, Kotak Nifty 50 ETF, Welspun Investments and Commercials, BSL, The Motor & General Finance, Manaksia Steels, HB Stockholdings, VIP Clothing, Mahindra EPC Irrigation, Orient Green Power Company, Shree Rama Newsprint, Rollatainers, Dhampur Sugar Mills and Shemaroo Entertainment were the volume gainers.
14:50 (IST) 7 Jun 2023 Top gainers/losers
Britannia, BPCL, Tata Consumer, Nestle India, HDFC Life, Tata Motors, Hero Motocorp, Bharti Airtel, SBI Life and Apollo Hospitals were the gainers while Kotak Bank, Cipla, Mahindra & Mahindra, ICICI Bank, Bajaj Finance, Maruti Suzuki, Sun Pharma and ONGC were the losers.
14:36 (IST) 7 Jun 2023 Tata Motors, Britannia, Adani Enterprises among most active stocks
The most active stocks on the NSE were HDFC Bank, Axis Bank, ICICI Bank, Tata Motors, Britannia, Infosys, Adani Power and Adani Enterprises.
14:36 (IST) 7 Jun 2023 Bank Nifty, FMCG, IT, Realty gain
In sectoral indices, Bank Nifty rose 39.55 points or 0.09% to 44,204.10, Nifty FMCG jumped 1.05%, Nifty IT gained 0.73% and Nifty Realty soared 1.34%.
14:35 (IST) 7 Jun 2023 Broader indices trade higher
The broader market indices were trading higher with Nifty Next 50 rising 0.75%, Nifty Midcap 100 gaining 0.96% and Nifty Smallcapp 100 surging 1.22%.
13:45 (IST) 7 Jun 2023 Internovo Ventures launches B2B2C loan origination platform, Indirow
Internovo Ventures, a joint venture between the family office of financial services veteran Karan Desai and Novostack, a new-age technology company has launched Indirow, a state-of-the-art B2B2C loan origination platform. Indirow aims to meet the growing demand for various retail loan products in India with its diverse product offerings. This platform also offers opportunities to businesses to become partners and monetise their client base and develop new revenue streams.
13:15 (IST) 7 Jun 2023 Nifty FMCG jumps 1%; check top gainers/losers
Nifty FMCG jumped 513 points or 1.01% to 51,551.40. UBL, Britannia, Tata Consumer, Nestle India and Marico were the top gainers while VBL and Radico were the losers.
12:15 (IST) 7 Jun 2023 Adani Power, Transmission, Green Energy, Wilmar share prices jump today after NSE, BSE raise upper circuit limit
Adani Power, Adani Transmission, Adani Green Energy and Adani Wilmar shares jumped today after BSE and NSE raised the upper circuit limit. Adani Power’s upper band limit has been increased to 20% from 5% while the other three stocks’ limit has been raised to 10% from 5%. Today, Adani Power share price jumped over 7% to Rs 281.70, Adani Transmission share price gained 3.54% to Rs 845, Adani Green Energy share price rose 1.32% to Rs 1,006 and Adani Wilmar share price surged 2.8% to Rs 442. BSE has revised the circuit limits for a total of 477 listed stocks, with 14 stocks getting a lower revision of limits starting today.
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11:40 (IST) 7 Jun 2023 BUY Chola Finance June future – IIFL Securities
Derivative Strategy (Time Period: 1 month): BUY Chola Finance June future at Rs 1055-1060 – Stop loss: Rs 1036.8 – Target: Rs 1080.
11:39 (IST) 7 Jun 2023 BUY Gujarat Gas June future – IIFL Securities
Trading ideas (Time period: 1- 14 days): BUY Gujarat Gas June future at Rs 478-480 – Stop loss: Rs 469.5 – Target: Rs 489.
11:38 (IST) 7 Jun 2023 BUY Varroc – IIFL Securities
Short Term (2-3 days): Buy Varroc at Rs 312-315 – Stop Loss: Rs 307 – Target: Rs 326 – IIFL Securities
11:35 (IST) 7 Jun 2023 Nifty touches calendar year high of 18676.05 today; may go towards record high soon
“The global positivity is aiding well for our markets as we saw Nifty posting its calendar year high of 18676.05 in early trades today. The follow-up is missing from the BFSI space. Once we see contribution from the heavyweight pockets, Nifty is good to go towards its record highs soon,” said Sameet Chavan, Head of Research, Technical and Derivatives, Angel One Ltd.
09:51 (IST) 7 Jun 2023 Nifty key zone, once past 18660 would be 18750-18887 region
“The rejection trade last week, and the consolidation just under 18660 for the last couple of days, sets up an ideal template for a leap into the 18750 – 18887 – 19070 train. We will retain 18560 as the downside risk level, which was briefly penetrated yesterday, before recovery. The key zone, once past 18660 would be the 18750-18887 region, where another phase of consolidation is likely to unfold,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:49 (IST) 7 Jun 2023 Auto, Financial stocks expected to do well
“Globally, the market backdrop is favourable with both US and European markets consolidating and slowly gaining strength. Markets believe that the June Fed decision will be paused. In India, too, the MPC decision tomorrow is most likely to be a pause since CPI inflation has come within RBI’s tolerance limit. The 7.2% GDP growth in FY23 and upward revision in FY 24 growth rate to around 6.4% are strong positives that can impart resilience to the market. Financials will continue to do well. Autos have made a strong comeback after 5 years and will gain further from falling commodity prices and steadily improving demand,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:45 (IST) 7 Jun 2023 Nifty IT jumps 100 pts; chekc top gainers/loser
Nifty IT rose 97.75 points or 0.34% to 28,786.80. Persistent System, LTTS, MPhasis, Infosys and Wipro while the sole loser was HCL Tech.
09:42 (IST) 7 Jun 2023 Torrent Power share price jumps 7%
Torrent Power share price jumped 7% to Rs 666 after the company signed a Memorandum of Understanding (MoU) with the Government of Maharashtra for the development of three pumped storage hydro projects of 5,700 MW capacity in Maharashtra. The projects would entail an investment of about Rs 27,000 crore. Torrent intends to execute these projects over a period of 5 years.
09:41 (IST) 7 Jun 2023 G R Infraprojects share price jumps over 1%
G R Infraprojects share price jumped 1.45% to Rs 1287.05 after GR Hasapur Badadal Highway executed the concession agreement with the National Highways Authority of India (NHAI). The bid project cost is Rs 872.2 crore. The said highway project in Maharashtra is to be executed in Hybrid Annuity Mode under Bharatmala Pariyojana.
09:38 (IST) 7 Jun 2023 Deepak Fertilisers & Petrochemicals share price falls 0.27%
Deepak Fertilisers & Petrochemicals Corporation share price fell 0.27% to Rs 559.1 after its Subsidiary Performance Chemiserve raised Rs 900 crore via the issuance of non-convertible debentures (NCDs) on a private placement basis to qualified institutional buyers. NCDs are to be listed on BSE Limited.
09:37 (IST) 7 Jun 2023 Engineers India share price jumps 2.4%
Engineers India share price jumped 2.45% to Rs 112.85 after National Aluminium Company (NALCO) selected the company for providing consultancy services for the updation of a detailed project report (DPR) for Pottangi bauxite mines for enhancing raw-ore production. Jindal Steel and Power (JSPL) has signed a contract with Engineers India for the supply of basic engineering and detail engineering for a direct reduced iron plant at Angul, Orissa. These orders are worth Rs 20.55 crore.
09:36 (IST) 7 Jun 2023 Wipro share price rises nearly 1%
Wipro share price rose 0.8% to Rs 403.1 after launching the Wipro Industry Innovation Experience for Financial Services solution on Microsoft Cloud. Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships.
09:34 (IST) 7 Jun 2023 GMR Airports Infrastructure share price gains nearly 1%
GMR Airports Infrastructure share price rose 0.89% to Rs 41.99 after GMR Hyderabad International Airport (GHIAL) divested approximately 8.18 lakh square feet of warehouse facility at the Hyderabad Airport to ILP Core Ventures I PTE Limited for Rs 188.1 crore.
09:33 (IST) 7 Jun 2023 Tata Power share price falls over half a percent
Tata Power share price fell 0.65% to Rs 215.3 as the company’s shares turned ex-dividend.
09:31 (IST) 7 Jun 2023 NDTV share price jumps nearly 1%
NDTV share price rose 0.85% to Rs 238.2 after the stock exchanges said that the stock will move out of the short-term additional surveillance framework from Wednesday.
09:30 (IST) 7 Jun 2023 Adani Power share price jumps 3.6%
Adani Power share price jumped 3.6% to Rs 272.45 after the stock exchanges increased the circuit limit to 20% from 5%.
09:27 (IST) 7 Jun 2023 Bank Nifty jumps above 44300; check top gainers/loser
Bank Nifty jumped 135 points or 0.30% to 44,300. The top gainers on the index were AU Bank, Bandhan Bank, Bank of Baroda, IndusInd Bank and Axis Bank while the sole loser was Kotak Bank.
09:20 (IST) 7 Jun 2023 Nifty, Sensex open in green
Nifty 50 surged 71.25 points or 0.38% to 18,670.25 and BSE Sensex jumped 189.93 points or 0.30% to 62,982.81.
09:14 (IST) 7 Jun 2023 Bank Nifty might correct down towards 43700 if it falls below 44000
“On the daily chart, Bank Nifty formed a doji candle, signalling market indecision. This suggests that the overall trend is expected to remain sideways, without a clear direction in the index’s movement. A support level is identified at 44,000, and if the index falls below this level, it might correct down towards 43,700. On the other hand, resistance levels are observed at 44,300 and 44,500, acting as barriers to further upward movement,” said Rupak De, Senior Technical at LKP Securities.
Share Market Outlook Today
09:13 (IST) 7 Jun 2023 Buy Bank Nifty on declines till 44000/43800 for target of 45000+
“Bank Nifty weekly expiry option chain data reflects on 44000PE holding more than 1.6 lakh OI contracts, followed by 43500PE. CE writers witness aggressive positions at various immediate strikes adding more than a lakh OI contracts, which hints at the limited downside play now for the index, with upside Targets inching North. Buy Bank Nifty on declines till 44000/43800 for the target of 45000+ and set stop loss at 43500,” said Shilpa Rout – Derivatives Lead Analyst, Prabhudas Lilladher Pvt Ltd.
Share Market Outlook Today
09:13 (IST) 7 Jun 2023 Bank Nifty to target levels of 44500
“Bank Nifty has held on to the support of the 20-day moving average (43800) and the 61.82% Fibonacci retracement level (43800) of the previous rise(43390 – 44448) is witnessing buying interest. The daily momentum indicator has a negative crossover which can lead to a consolidation in the short term however the overall trend still continues to remain positive. On the upside we expect it to target levels of 44500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
09:13 (IST) 7 Jun 2023 Bank Nifty first support at 44197 and then 44073
Bank Nifty first support at 44197 and then 44073 while resistance at 44397 and 44473, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
09:13 (IST) 7 Jun 2023 Nifty may resume upside move on decisive close above 18600
“Nifty garnered modest buying strength in the zone of 18,530-560 and witnessed a sharp technical pullback in the closing 30 minutes on Tuesday. Going forward, the index is anticipated to resume its upside move on a decisive close above 18,600. Support placed at 18,550, 18,500 and 18,460 while resistance is seen at 18,600, 18,660 and 18,700,” Riches Vanara, Technical and Derivatives Analyst, Stoxbox.
Share Market Outlook Today
09:12 (IST) 7 Jun 2023 Nifty may rise to 18888 if it surpasses 18664
“Our perspective for today’s trading session suggests that judging by yesterday’s consolidation, the key level to monitor for Nifty’s support is positioned at the 18417 mark. Conversely, Nifty may encounter significant obstacles at the 18664 level. Should Nifty surpass 18664, anticipate a substantial recovery towards Nifty’s record-breaking peak at the 18888 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Share Market Outlook Today
09:12 (IST) 7 Jun 2023 Nifty trend expected to remain sideways
“On the daily chart, Nifty formed a doji candle, indicating indecision in the market. As a result, the overall trend is expected to remain sideways, with the index not showing a clear direction in its movement. In terms of levels, there is a support level at 18,500, which suggests a potential floor for the index, while a resistance level is identified at 18,665, indicating a barrier to further upward movement,” said Rupak De, Senior Technical at LKP Securities.
Share Market Outlook Today
09:12 (IST) 7 Jun 2023 Nifty hurdle zone seen at 18660–18700
“Nifty is trading in a range for the past few trading sessions and we expect a break out on the upside. The daily momentum indicator has a negative crossover which indicates that there could be a consolidation however the overall uptrend is still intact and hence we continue to maintain our positive outlook on the index for a target of 18800 from a short-term perspective. In terms of levels, 18540 – 18500 shall act as the crucial support zone while the hurdle zone is placed at 18660 – 18700,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market Outlook Today
09:11 (IST) 7 Jun 2023 Nifty may move towards all-time high levels
“On the daily chart, a clear range between 18450 and 18700 is visible. Currently, prices are leaning towards the higher end of this range, and considering the momentum seen towards the end of the session, it is likely that the upper range will be tested in the early hours of the coming session. We might witness a swift move towards all-time high levels in the next few sessions. In case of an immediate dip, the support levels to watch are 18530 – 18500 – 18450,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
Share Market Outlook Today
09:11 (IST) 7 Jun 2023 Nifty could move up to 18700-18750 if it holds above 18550
“Nifty is consistently holding a higher bottom formation. For traders, 18550 would be the trend decider level. Above the same, the index could move up to 18700-18750. On the flip side, below 18550, the uptrend would be vulnerable. Below the same, the market could retest the level of 18480. Any further correction could drag the index till 18440,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Share Market Outlook Today
09:11 (IST) 7 Jun 2023 Buy Nifty on declines till 18550/18500 zones for the target of 18800+
“Nifty weekly expiry option chain witnesses maximum overall exposures at 18500PE and 18600CE – each with over 2 lakh OI contracts. 18700CE and 18800CE also add overall more than 1.5 lakh OI contracts, which hints at the immediate potential upside for the index. PCR OI at 18500 is almost 2 and 18600 is just below 1, is crucial to watch out now in order to understand the direction going ahead. Buy Nifty on declines till 18550/18500 zones for the target of 18800+ and set a stop loss at 18450,” said Shilpa Rout – Derivatives Lead Analyst, Prabhudas Lilladher Pvt Ltd.
Share Market Outlook Today
09:10 (IST) 7 Jun 2023 Nifty first support at 18625 and then 18568
Nifty first support at 18625 and then 18568 while resistance at 18720 and 18758, according to Rahul Sharma, JM Financial.
Share Market Outlook Today
08:33 (IST) 7 Jun 2023 Indiabulls Housing Finance, India Cements, Manappuram Finance under F&O ban today
Indiabulls Housing Finance, India Cements and Manappuram Finance are on NSE’s F&O ban list for June 7. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
08:32 (IST) 7 Jun 2023 FII/DII data
Foreign institutional investors (FIIs) bought shares worth a net Rs 385.71 crore, whereas domestic institutional investors (DIIs) sold shares worth a net Rs 489.02 crore on June 6, provisional data from the National Stock Exchange shows.
08:31 (IST) 7 Jun 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 0.24% and the tech-heavy Nasdaq increased 0.36%.
08:31 (IST) 7 Jun 2023 Asian markets trade mostly in green; Japan’s Nikkei 225 tanks 1.5%
Asian markets were trading in mostly green – Hong Kong’s Hang Seng jumped 1.25%, China’s Shanghai Composite index surged 0.46%, South Korea’s KOSPI rose 0.30% while Japan’s Nikkei 225 tanked 1.49%.
08:30 (IST) 7 Jun 2023 SGX Nifty gains 24 pts
The Nifty futures on the Singapore Exchange (SGX) were trading 24 points or 0.13% higher at 18,703 in today’s early morning trade.