Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark Indian equity indices Nifty and Sensex hit all-time highs and settled at record closing highs. Nifty 50 surpassed over 19,200 but closed at 19,189.05 while Sensex ended trade at 64,718.56, higher by 800 points. Bank Nifty gained 0.93% to end at 44,738.25, with HDFC Bank leading the gains. The broader markets surged in trade, with Nifty 100 and Nifty 200 gaining over 1% each. Nifty Smallcap 100 and Nifty Midcap 100 gained 0.65% and 0.47% respectively. Sectoally, Nifty Auto and Nifty IT skyrocketed over 2% each, leading the gains in the Nifty 50 index.
Live Updates 15:43 (IST) 30 Jun 2023 Market outlook
“The lack of global support had restrained the Indian indices from pursuing their record highs earlier, despite the presence of a resilient domestic macroeconomic background. With positive surprises assisting buoyancy in the global market and the advance of the southwest monsoon, the domestic market succeeded in marching to new highs with renewed strength. Global investor sentiments were uplifted by a favourable revision in Q1 GDP, a fall in jobless claims, and the positive outcome of the Fed’s US bank stress test.”
– Vinod Nair, Head of Research at Geojit Financial Services.
15:43 (IST) 30 Jun 2023 Nifty top gainers, losers
M&M, Infosys, IndusInd Bank, Sun Pharma and Hero MotoCorp were the top gainers on the Nifty 50 index, with M&M up 4.37%. Adani Ports, Grasim, Apollo Hospital, HDFC Life and Adani Enterprises, with Adani Ports down 2.19%.
15:37 (IST) 30 Jun 2023 Markets at close
Indian indices Nifty and Sensex hit record closing highs, with Nifty 50 reaching 19,189.05 and Sensex closing at 64,718.56, up by 800 points. Bank Nifty ended at 44,738.25, gaining 0.93% led by HDFC Bank.
12:49 (IST) 30 Jun 2023 IT Services: Weak quarter, healthy deal wins
“A soft discretionary spending environment, combined with the pullback of projects in financial services and telecom, will drive a sequential revenue decline to marginal growth for Tier 1 IT companies in a seasonally strong quarter. EBIT margin will likely decline qoq due to wage revisions and cost increases. A pickup in cost takeout and consolidation deals will result in robust deal wins for a few large IT companies. We believe Infosys will report the highest sequential growth among Tier 1. Companies that will report revenue declines are Tech Mahindra, Wipro and Mphasis. Infosys is our top pick, followed by HCLT.”
– Kotak Institutional Equities
12:25 (IST) 30 Jun 2023 Investment strategy on account of markets at record high
“Investors should remain invested in the market. Long-term investors can continue with their systematic investments. Since valuations are rich from the short-term perspective some profit booking can be considered by investors who do not have a long-term time horizon. High quality financials are even now trading at fair valuations.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
10:43 (IST) 30 Jun 2023 ICICI Securities shares fall 3.3%
ICICI Securities shares fall 3.3% to Rs 593.40 apiece as ICICI Bank approved a proposal to delist ICICI Securities, with the intention of making it a wholly-owned subsidiary of the bank.
09:28 (IST) 30 Jun 2023 Nifty 500 shares outlook
~72% stocks of Nifty 500 universe are trading above 200-day EMA which was ~63% during December high of 18,887, highlighting inherent strength.
09:27 (IST) 30 Jun 2023 Nifty winners, losers
Asian Paints, Power Grid, Bajaj Auto, Infosys and Bajaj Finance are the top winners on the NSE Nifty 50 index, with Asian Paints gaining 2.74%. Adani Ports & SEZ, Eicher Motors, Apollo Hospitals, Tata Steel and Hindalco are the laggards on the index, with Adani Ports lower by 0.95%.
09:25 (IST) 30 Jun 2023 Sensex gainers
Infosys, HDFC Bank, Asian Paints, Reliance Industries and HDFC are contributing to the gains in the 30-share Sensex index.
09:23 (IST) 30 Jun 2023 Bank Nifty clocks new record high
Bank Nifty hit a new all-time high at 44,666.6, extending its record-breaking streak from Wednesday’s session.
09:22 (IST) 30 Jun 2023 Sensex hits fresh record high
Sensex hit a fresh record high, above 64,300 in early trade on Friday at 64,311.54.
09:20 (IST) 30 Jun 2023 Markets at open
Domestic indices NSE Nifty 50 and BSE Sensex traded higher in the morning. Nifty 50 opened at its record high at 19,076.85 while Sensex opened above 64,000, currently higher by 350 points.
09:14 (IST) 30 Jun 2023 Technical view
“Despite the pull back following a brief foray above 19,000, the close above the upper Bollinger band signals range expansion and an upside gapped opening today. However, as maintained earlier, visibility past 19,070- 19,200 is limited at this point. However, any pull back below 18,940 will have to be treated as a bear sign.”
– Anand James, Chief Market Strategist at Geojit Financial Services.
09:10 (IST) 30 Jun 2023 Markets at pre-open
Nifty and Sensex closed the pre-open session higher as the broader Nifty 50 gained 104.75 points to settle at 19,077 while Sensex closed the session at 64,068.4, higher by 0.24%.
09:00 (IST) 30 Jun 2023 Market outlook
“In July the market trend will be influenced by auto sales numbers in June, Q1 results, progress of the monsoon and the Fed rate decision and commentary by month end. Market valuations are rich now, and therefore, investors should exercise some caution.”
– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
08:54 (IST) 30 Jun 2023 Nifty support, resistance levels
Support: 18,887-18,830-18,780
Resistance: 19,000-19,100-19,200
– Stoxbox
08:53 (IST) 30 Jun 2023 F&O ban today
The National Stock Exchange has L&T Housing Finance and Manappuram Finance on its F&O ban list for 30 June.
08:09 (IST) 30 Jun 2023 Currency Outlook
“US GDP from Q1 was revised up and Jobless Claims fell in the third week of June. U.S. Treasury bond yields and DXY soared, underpinning projections of higher rates. Chinese Yuan further weakens which may put pressure on rupee. For USDINR, 81.95 acts as a support while 82.30 a resistance.”
– Kunal Sodhani, AVP, Global Trading Center, Shinhan Bank India.
08:08 (IST) 30 Jun 2023 Technical View
“The short-term trend of Nifty continues to be positive. Having surpassed above the crucial overhead resistance of 18,900 levels on Wednesday, there is a possibility of more upside towards 19,100-19,200 levels in the next few sessions before shifting into consolidation/minor weakness from the highs. Immediate support is at 18,830 levels.”
– Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
07:56 (IST) 30 Jun 2023 FII, DII data
Foreign institutional investors (FII) net bought shares worth net Rs 12,350 crore, while domestic institutional investors (DII) net sold shares worth net Rs 1,021.01 crore on June 28, according to the provisional data available on the NSE.
07:55 (IST) 30 Jun 2023 Asian markets
Shares in the Asia-Pacific region were trading in the mixed on Friday. China’s Shanghai Composite gained 0.4% in trade, while Japan’s Nikkei 225 fell 0.58%. Hong Kong’s Hang Seng index gained 0.49% while South Korea’s Kospi was higher by 0.32%. The Taiwan Weighted index recorded a loss of 0.64%.
07:50 (IST) 30 Jun 2023 Wall Street Overnight
S&P 500 gained 0.46%, the Nasdaq Composite settled flat, and the Dow Jones Industrial Average rose 0.79%. The Dow and the S&P 500 rose on Thursday as bank shares rallied after major lenders cleared the Federal Reserve’s annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank
07:48 (IST) 30 Jun 2023 Crude Oil
Brent crude oil prices were little changed in early trading on Friday, but were set to notch their first monthly gain this year as a steep drawdown in oil stocks and OPEC+ plans to cut output outweighed demand fears stemming from rising interest rates.
07:37 (IST) 30 Jun 2023 Market holiday
BSE and NSE were closed for trading on Thursday on account of the Bakri Eid holiday.
07:36 (IST) 30 Jun 2023 Nifty, Sensex touch record highs
NSE Nifty and BSE Sensex touched record highs on Wednesday driven by strong institutional inflows, positive global cues and cheery market sentiment. After touching highs of 19,014.2, Nifty 50 settled at 18,972.10. Sensex surpassed the 64,000 mark at 64,050.44 before trimming some gains to close at 63,915.42.