Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Tuesday’s session broadly in green. The NSE Nifty 50 gained 126.20 points or 0.68% to 18,817.40 and the BSE Sensex skyrocketed 446.03 points 0.71% to 63,416.03. In sectoral indices, Bank Nifty surged 480.45 points or 1.10% to 44,121.50, Nifty Financial Services soared 1.37%, Nifty IT gained 0.73%, Nifty PSU Bank jumped 1.02%, Nifty Private Bank advanced 1.11% and Nifty Realty rose 1.24%. The top gainers on Nifty 50 were HDFC Life, Apollo Hospitals, State Bank of India (SBIN), JSW Steel and SBI Life while the losers were Cipla, Britanniam Tata Consumer Products, Adani Ports and UPL.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:23 (IST) 27 Jun 2023 Where is share market headed after Nifty closes above 18810, Bank Nifty above 44120
Benchmark indices NSE Nifty 50 and BSE Sensex ended Tuesday’s session broadly in green. “The domestic market rallied, primarily supported by banking and finance stocks, which received a boost from the merger updates from HDFC. Meanwhile, global trends were mixed as the Chinese market showed signs of recovery, driven by hopes of additional policy stimulus, whereas European markets traded with declines in response to hawkish commentary from the President of the ECB. Ahead of the release of US stock data, oil prices eased as concerns regarding Russian political instability and potential supply disruptions were alleviated,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:37 (IST) 27 Jun 2023 Nifty, Sensex end in green
The NSE Nifty 50 surged 126.20 points or 0.68% to 18,817.40 and the BSE Sensex jumped 446.03 points 0.71% to 63,416.03.
15:31 (IST) 27 Jun 2023 Bank Nifty, PSU Bank, Private Bank, Fin Nifty jump; Almost all banking stocks trade in green, HDFC Bank up 2%
Banking stocks surged today with Bank Nifty jumping above 44,150 towards the end of the session. The market sentiment improved after HDFC chairman Deepak Parekh said that the merger of the corporation with HDFC Bank will be effective July 1. HDFC stock delisting will be effective from July 13, Vice-Chairman and CEO Keki Mistry said. HDFC and HDFC Bank stocks jumped 2%. Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services soared over 1%. All the banking stocks were trading in green except PSB and Indian Bank.
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15:24 (IST) 27 Jun 2023 LTIMindree up 3%
Following the annoucement of HDFC’s share delisting from the bourses as the HDFC-HDFC Bank merger is confirmed, Nuvama predicts that LTIMindtree will be the next entrant into the Nifty 50 index, and the shares could see an inflow of up to $160 million. LTIMindtree share price is up 3.1% at Rs 5,163 apiece.
15:13 (IST) 27 Jun 2023 Bank Nifty surges 1%, jumps above 44900; check gainers
Bank Nifty surged 456.65 points or 1.05% to 44,097.70. The top gainers were HDFC Bank, SBIN, Axis Bank, Kotak Bank and Federal Bank while there were no losers.
15:10 (IST) 27 Jun 2023 Nifty jumps above 18800; check top gainers/losers
Nifty 50 jumped 118.85 points or 0.64% to 18,810.05. The top gainers were HDFC Life, Apollo Hospitals, JSW Steel, HDFC and Bharti Airtel while the losers were Cipla, Britannia, Tata Consumer Products, UPL and Adani Ports.
14:29 (IST) 27 Jun 2023 HDFC, HDFC Bank stocks jump 2%
HDFC, HDFC Bank stocks jumped up to 2% after the HDFC chairman Deepak Parekh announced that the merger of the corporation with HDFC Bank will be effective July 1.
14:27 (IST) 27 Jun 2023 HDFC-HDFC Bank merger to be effective from July 1
HDFC chairman Deepak Parekh today said that the merger of the corporation with HDFC Bank will be effective July 1. The boards of HDFC Bank and HDFC will meet on June 30 post-market hours to clear and approve the merger. HDFC stock delisting will be effective from July 13, Vice-Chairman and CEO Keki Mistry said.
13:47 (IST) 27 Jun 2023 Cyient DLM IPO Day 1: Issue fully subscribed, GMP up 35%; should you subscribe?
Cyient DLM’s Rs 592-crore IPO, which opened for subscription today, was fully subscribed by early afternoon. The issue has been booked 1.07 times so far, with total bids of 1,42,92,488 shares. Qualified institutional buyers (QIBs) have bid for 0.01 times of their reserved portion. Retail investors subscribed 4.46 times. The NII portion was subscribed 1.10 times and employees subscribed 0.15 times. The IPO closes for subscription on Friday, 30 June.
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12:51 (IST) 27 Jun 2023 NSE, BSE move Bakri Id Holiday Jun 2023: Nifty, Sensex closed on Wednesday or Thursday? Check new F&O expiry day
Stock exchanges NSE and BSE will now be closed on Thursday, June 29 instead of Wednesday, June 28 for Bakri Id, NSE said in a circular. The currency derivatives segment, NDS-RST and Tri-Party Repo are also expected to remain shut while Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment may stay closed for the morning session only. In total, there are nine holidays in June including Saturdays and Sundays. As markets will remain closed on Thursday, so now the monthly F&O expiry will be on Wednesday.
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11:39 (IST) 27 Jun 2023 Nifty, Sensex inch lower, NSE index’s support at 18350-18450; HCL Tech, M&M among top stocks to buy
Markets have reached record high after 3 months and are currently hovering in a narrow range amid mixed cues. Apart from the continued underperformance of the banking pack, the recent dip in the US markets is largely weighing on the sentiment. Consequently, we are seeing profit taking across sectors and in the broader indices too, after weeks of tremendous outperformance. On the benchmark front, Sensex has made a new high while Nifty missed the same by a whisker but eventually, both inching lower and currently trading at 62,960.30 levels and 18,691.20 levels respectively.
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10:31 (IST) 27 Jun 2023 Adani Enterprises stock jumps 2% after disclosure on US SEC probe; dividend record date nears, AGM next month
Adani Enterprises share price jumped 2.11% to Rs 2344.3 today after the group issued a disclosure, clarifying its position on reports that the US SEC has subpoenaed US investors. The Gautam Adani-led group said, “We are not aware of any subpoena to the US investors by SEC. It is routine that various regulators will seek access to public material.” Meanwhile, the company informed stock exchanges on Tuesday that it has fixed July 7 as the record date for determining the entitlement of the members eligible for receiving dividend and it will be paid on or after July 21. The company’s 31st AGM will be held on July 18 at 10 AM.
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09:48 (IST) 27 Jun 2023 Bank Nifty gains 90 pts; check top gainers/losers
Bank Nifty gained 91.20 points or 0.21% to 43,732.25. The top gainers were Bandhan Bank, IDFC First Bank, AU Bank, PNB and Federal Bank while the losers were IndusInd Bank and ICICI Bank.
09:44 (IST) 27 Jun 2023 ICICI Prudential Life shares jump 1%
ICICI Prudential Life Insurance shares rose 1.15% to Rs 570.20 today. The company received a demand notice from the GST office for Rs 492.06 crore for July 2017 to July 2022. The company has submitted Rs 190 crore without accepting liability.
09:39 (IST) 27 Jun 2023 Adani Enterprises shares jump 2%
Adani Enterprises shares jumped 2.11% to Rs 2344.3 after the group clarified on reports that the SEC is subpoenaing US investors. The embattled flagship firm said that “We are not aware of any subpoena to the US investors by SEC. It is routine that various regulators will seek access to public material.”
09:20 (IST) 27 Jun 2023 Nifty, Sensex open in green
The NSE Nifty 50 rose 66.30 points or 0.35% to 18,757.50 and the BSE Sensex soared 218.35 points or 0.35% to 63,188.35.
09:13 (IST) 27 Jun 2023 Nifty, Sensex end pre-open in green
Domestic indices ended the pre-opening session in the green. The NSE Nifty 50 rose 57.35 points or 0.31% to 18,748.55 and BSE Sensex jumped 181.85 points or 0.29% to 63,151.85.
09:06 (IST) 27 Jun 2023 Bank Nifty may rise to 45000 if it closes above 44200-44300
“If Bank Nifty closes above the range of 44200-44300 it will start moving towards 45000 in the coming weeks. The resistance is at around 43800, 43900 and the support is at around 43500, 43500. Till the time Bank Nifty breaks this range it is expected to remain sideways. Technical indicator RSI is at around 48 whereas the 200 EMA is at 41478,” said Mitesh Karwa, Research Analyst at Bonanza Portfolio.
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09:06 (IST) 27 Jun 2023 Bank Nifty stuck in 44000–43500 range
“Bank Nifty traded within a narrow range and formed an inside bar pattern on the daily charts. The 20-day moving average of 43976 acted as a stiff resistance and the index was unable to surpass it. The Bank Nifty is still stuck in a range and until the zone of 44000–43500 is not decisively breached on either side the range-bound action is likely to continue,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:06 (IST) 27 Jun 2023 Bank Nifty may fall to 42000 if it breaks below 43400
“Bank Nifty continues to witness a battle between the bulls and bears. It has support at the 43400 level, while the resistance is observed at 44000, where the highest call writing is visible. If the index breaks down below the 43400 level, it may experience further correction toward the 42000 mark,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:05 (IST) 27 Jun 2023 Bank Nifty descending trendline resistance at 44000
“Bank Nifty continues to trade within a range, forming consecutive small-body candles on the daily chart. The range is coiling between the 20EMA and 50SMA, indicating a potential imminent breakout. The zone of 43300-43500 has served as a rock-solid support level for over a month. Conversely, a descending trendline resistance is observed around 44000 levels,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
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09:05 (IST) 27 Jun 2023 Bank Nifty support at 43411-43134
Bank Nifty first support at 43411 and then 43134 while resistance at 43868 and then 44047, according to Rahul Sharma, JM Financial.
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09:05 (IST) 27 Jun 2023 Nifty breach below 18650-18600 could disrupt nearby trend
“There have been no significant changes in the chart structure and even with the small ‘Doji’ formation, the market seemed quite indecisive. As far as levels are concerned, a decisive closure above the 18720-18750 zone would only affirm the strength in the benchmark. Whereas on the downside, 18650-18600 is likely to act as a critical support zone and any breach below the same could disrupt the nearby trend in the market,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel One Ltd.
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09:05 (IST) 27 Jun 2023 Nifty trend remains complex as long as it stays in 18500-18800 range
“Nifty on the lower end, found support at the 21EMA on the daily timeframe. The trend remains complex as long as it stays within the bands of 18500-18800. A decisive breakout on either side might trigger a directional move. Till then we expect a market where the dips would be bought and rises would be sold into,” said Rupak De, Senior Technical analyst at LKP Securities.
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09:04 (IST) 27 Jun 2023 Nifty resistance at 18880–18900
“The daily and hourly momentum indicators are providing divergent signals which may create volatility. Overall, the bulls have managed to defend the average support which is a sign of strength. In terms of levels, 18650–18600 shall act as a crucial support zone for Nifty 50 while 18880–18900 shall act as a crucial resistance zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:04 (IST) 27 Jun 2023 Nifty could slip till 18600-18550 if it trades below 18650
“After a short-term correction, the Nifty witnessed range-bound activity near 18650 or 20-day SMA (Simple Moving Average) important support level. For day traders, 18725 would be the key resistance level while 18650 could be the crucial support zone. Above 18725, a fresh uptrend rally could be seen till 18800-18820. On the flip side, below 18650 selling pressure is likely to accelerate and could slip till 18600-18550,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
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09:04 (IST) 27 Jun 2023 Nifty support at 18645-18555
Nifty rangebound set up between 18645 and 18750. Short if we close below 18645. First support at 18645 and then 18555 while resistance at 18750 and 18800, according to Rahul Sharma, JM Financial.
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08:17 (IST) 27 Jun 2023 RBL Bank, Hindustan Copper under F&O ban today
The National Stock Exchange has RBL Bank and Hindustan Copper on its F&O ban list for 27 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
08:17 (IST) 27 Jun 2023 FII/DII data
Foreign institutional investors (FII) sold shares worth net Rs 409.43 crore, while domestic institutional investors (DII) bought shares worth net Rs 250.12 crore on June 26, according to the provisional data available on the NSE.
08:15 (IST) 27 Jun 2023 Crude prices gain
Oil prices edged higher for a second consecutive session on Tuesday, as worries about political instability in Russia and potential supply disruptions counter-balanced concerns about global demand.
08:15 (IST) 27 Jun 2023 US indices end in red
The US market ended the overnight session in red – Dow Jones Industrial Average (DJIA) dipped 0.04%, S&P 500 tumbled 0.45% and the tech-heavy Nasdaq tanked 1.16%.
08:14 (IST) 27 Jun 2023 Asian markets trade mixed
Asian markets were trading mixed – Hong Kong’s Hang Seng jumped 1.5%, Asia Dow rose 0.1%, China’s Shanghai Composite Index gained 0.5% while Japan’s Nikkei 225 tanked 0.84% and South Korea’s KOSPI dipped 0.12%.
08:14 (IST) 27 Jun 2023 SGX Nifty gains 26 pts
The Nifty futures on Singapore Exchanges (SGX) were trading 26 points or 0.14% higher at 18,730 in the early morning trade.
08:13 (IST) 27 Jun 2023 Will Nifty reclaim 18700 or give up gains? See SGX Nifty, FII data, US shares, crude, more before market opens
“The global market exhibited a negative bias as concerns regarding economic growth emerged in light of the political instability in Russia. This instability led to an increase in oil prices, driven by worries over potential supply disruptions, given Russia’s status as one of the largest oil producers. On the domestic front, the market experienced limited downside as the pharma and auto sectors provided support. Additionally, mid and small-cap stocks were seen recovering their positions following a recent sell-off, indicating a regained investor confidence in these segments,” said Vinod Nair, Head of Research at Geojit Financial Services.
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08:11 (IST) 27 Jun 2023 Stocks To Watch: Adani Enterprises, ICICI Pru Life, Tech M, Sun Pharma, Hindustan Unilever, ZEE, Shree Cement
The SGX Nifty recorded a 0.12% gain during Tuesday’s early trading session, with a value of 18,725 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex ended Monday’s session mostly flat. The Nifty 50 rose 25.70 points or 0.14% to 18,691.20 and BSE Sensex dipped 9 points to settle at 62,970.
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