Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Wednesday’s session in green. The NSE Nifty 50 rose 39.75 points or 0.21% to 18,755.90 and BSE Sensex gained 85.35 points or 0.14% to 63,228.51. In sectoral indices, Bank Nifty fell 91.85 points or 0.21% to 43,988, Nifty Auto rose 0.17%, Nifty FMCG gained 0.59%, Nifty Metal jumped 1.42% and Nifty Oil & Gas surged 0.91%. The top gainers on Nifty 50 were Tata Consumer, Grasim, JSW Steel, Tata Steel and Power Grid while the losers were IndusInd Bank, Bajaj FInance, Bharti Airtel, Axis Bank and Hero Motocorp.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
15:55 (IST) 14 Jun 2023 Where is share market headed after Nifty closes above 18750, Bank Nifty below 43990
Benchmark indices NSE Nifty 50 and BSE Sensex concluded Wednesday’s session in green. “The domestic indices rebounded after an initial phase of profit booking, driven by encouraging WPI inflation data and positive global cues, while selling in IT and banking stocks kept a check on gains. The favourable decline in US inflation, driven by lower energy prices, and speculation about a potential pause in the Fed rate hike campaign, brought comfort to global equities. However, the persistence of higher core inflation levels may compel the Fed to maintain its hawkish tone during today’s policy announcement with indication of a prolonged pause,” said Vinod Nair, Head of Research at Geojit Financial Services.
Check support, resistance
15:40 (IST) 14 Jun 2023 Nifty, Sensex settle in green
The NSE Nifty 50 climbed 39.75 points or 0.21% to 18,755.90 and BSE Sensex surged 85.35 points or 0.14% to 63,228.51.
14:56 (IST) 14 Jun 2023 Aviation Sector Outlook: Long-term prospects for industry look bright
“Air fares in India are deregulated; the government cannot fix a cap. The aviation minister requested the industry to rein in the rates when rates in certain routes shot up after the grounding of Go First. After the minister’s intervention, the rates have declined. The long-term prospects for the industry look bright since there is an explosive growth in air travel and India will be the third largest air passenger market in the world by 2024,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
14:53 (IST) 14 Jun 2023 IT Sector Outlook: Opportunity for long-term investors to use accumulation approach
“The Indian IT sector experienced a muted quarter, hinting at a moderate growth outlook for FY24. The delayed spending in a few segments, concerns in BFSI, and fears over a global economic slowdown are impacting the overall performance of the sector. Nevertheless, Indian companies have managed to enhance their profit margins through effective cost optimisation strategies and the resolution of supply-side difficulties. On the valuation front, over the past 1.5 years, the industry valuations have been corrected by more than a third, limiting the downside risk. Going forward, it presents an opportunity for long-term investors to use an accumulation approach in the IT sector,” said Vinod TP, Research analyst at Geojit Financial Services.
14:20 (IST) 14 Jun 2023 WPI inflation declines to 3-year low of -3.48 per cent in May
Wholesale price-based inflation rate declined by -3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was -0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of -3.48 per cent is the lowest WPI print recorded since May 2020, when wholesale inflation was at -3.37 per cent. Inflation in food articles eased to 1.51 per cent in May, against 3.54 per cent in April.
Read Full Story
14:07 (IST) 14 Jun 2023 Nifty jumps above 18760, Sensex gains 100 pts; check top gainers/losers
NSE Nifty 50 rose 45.40 points 0.24% to 18,761.55 and BSE Sensex gained 111.57 points or 0.18% to 63,254.73. The top gainers on Nifty 50 were Tata Consumer, Tata Steel, JSW Steel, Power Grid and Grasim while the losers were IndusInd Bank, Bajaj Finance, Hero Motocorp, Bajaj Auto and Bharti Airtel.
13:16 (IST) 14 Jun 2023 InterGlobe Aviation (IndiGo) shares jump over 1%
InterGlobe Aviation (IndiGo) share price rose 1.2% to Rs 2366.4 after the company said that it did not have any idea about the co-founder Rakesh Gangwal and his family selling their stake. “We would like to state that the Company has not received any such information nor has the company been made aware by the Co-Founder of their intention to sell their stake,” Indigo said.
13:11 (IST) 14 Jun 2023 Stocks at 52-Week Lows
Reliance Communications, D. P. Abhushan, Siti Networks, Sintex Plastics Technology, Suumaya Industries, Tirupati Forge, GHCL Textiles, M K Proteins and NIIT were among 13 stocks that hit 52-week lows.
13:11 (IST) 14 Jun 2023 Stocks at 52-Week Highs
ABB India, AGI Greenpac, AIA Engineering, Ajmera Realty & Infra India, Ami Organics, Anant Raj, APL Apollo Tubes, Apollo Micro Systems, Apollo Pipes, Artemis Medicare Services, Arvind, Arvind SmartSpaces, Asian Energy Services, Astral, AstraZeneca Pharma India, Aurionpro Solutions, AVG Logistics, Baid Finserv, Banswara Syntex, Bhagyanagar India, Bharat Petroleum Corporation, Capacit’e Infraprojects, CARYSIL, Cholamandalam Financial Holdings, Craftsman Automation, Cummins India, Cyient, Dalmia Bharat, DLF, Dynamic Cables, Endurance Technologies, Fertilizers and Chemicals Travancore, Faze Three, Genus Power Infrastructures, GKW, Godawari Power And Ispat, HEG, Heritage Foods, Hindustan Oil Exploration Company, Hindustan Petroleum Corporation, IDFC, IDFC First Bank, Indo Tech Transformers, Inspirisys Solutions, Indian Oil Corporation, Inox Wind Energy, Jay Bharat Maruti, JITF Infralogistics, JK Cement, Jindal Stainless, JSW Ispat Special Products, JSW Steel, Just Dial, Jupiter Wagons, Kajaria Ceramics, Kamat Hotels (I), Karma Energy, Karur Vysya Bank, Kaynes Technology India, KEC International, KEI Industries, Kirloskar Ferrous Industries, Kirloskar Pneumatic Company, L&T Finance Holdings, Lorenzini Apparels, Linde India, Macrotech Developers, Maan Aluminium, Man Infraconstruction, Mankind Pharma, Manorama Industries, Max Healthcare Institute, Global Health, MIC Electronics, Nagreeka Exports, Nava, NCL Industries, Nestle India, Narayana Hrudayalaya, NINtec Systems, NTPC, Oracle Financial Services Software, Om Infra, One 97 Communications, PCBL, Power Finance Corporation, Hitachi Energy India, Pressman Advertising, Prestige Estates Projects, Prime Securities, Ram Ratna Wires, Responsive Industries, Ramkrishna Forgings, S&S Power Switchgears, Saksoft, Sandhar Technologies, Sanghvi Movers, Sarda Energy & Minerals, Servotech Power Systems, Shyam Metalics and Energy, Signet Industries, Spandana Sphoorty Financial, Supreme Industries, Suryoday Small Finance Bank, Syrma SGS Technology, Tata Communications, Tata Consumer Products, Tata Motors, Titan Company, Trent, Ujjivan Financial Services, UltraTech Cement, Uma Exports, Vardhman Polytex, Vascon Engineers, Venus Pipes & Tubes, Welspun Enterprises, ZF Commercial Vehicle Control Systems India, Zim Laboratories were among 129 stocks that hit 52-week highs.
13:10 (IST) 14 Jun 2023 Volume Gainers
JSW Holdings, CDSL, SIL Investments, Nalwa Sons Investments, Heranba Industries, D P Abhushan, Ajmera Realty & Infra India, Welspun India, AGI Greenpac, Maha Rashtra Apex Corporation, Steel Strips Wheels, Fertilizers and Chemicals Travancore, GKW, Eros International Media, Diligent Media Corporation, Baid Finserv, Radhika Jeweltech, Signet Industries, Dodla Dairy, Vikas EcoTech and PCBL were the volume gainers.
13:10 (IST) 14 Jun 2023 RIL, Tata Motors, CDSL among most active stocks
Reliance Industries Ltd (RIL), HDFC Bank, CDSL, Tata Communications, Tata Consumer, Tata Steel, Tata Motors and Paytm were most active stocks on NSE.
13:10 (IST) 14 Jun 2023 Bank Nifty, IT fall; Metal gains
Sectorally, Bank Nifty fell 94.10 points or 0.21% to 43,985.75, Nifty IT dipped 0.33% while Nifty Metal surged 1.04%.
13:09 (IST) 14 Jun 2023 India VIX jumps 1.32%
The volatility index, India VIX rose 1.32% to 11.26.
13:08 (IST) 14 Jun 2023 Broader indices gain
The broader market indices were trading mostly in green; Nifty 100 was up 0.15%, Nifty Midcap 150 was up 0.18%, Nifty Smallcap 250 was up 0.34% and Nifty Microcap 250 gained 0.57%.
13:08 (IST) 14 Jun 2023 Nifty, Sensex gain
The Nifty 50 rose 30 points or 0.16% to 18,745.90 and the 30-share BSE Sensex was up 58.72 points or 0.09% to 63,201.88.
12:52 (IST) 14 Jun 2023 Nifty 50 – Top Gainers and Losers
Tata Consumer Product, Tata Steel, NTPC, JSW Steel, Power Grid, Grasim, BPCL, Tata Motors, Reliance Industries Ltd (RIL) and Hindalco were the top gainers while Bajaj Finance, Bharti Airtel, IndusInd Bank, Bajaj Finserv, Infosys, Hero Motocorp, Bajaj Auto, ICICI Bank, SBI Life and Coal India were the top losers.
11:07 (IST) 14 Jun 2023 As long as Nifty 50 above 18,600, positive sentiment to continue
On Tuesday, the benchmark indices bounced back sharply, the Nifty ended 118 points higher while the Sensex was up by 418 points. Among sectors, the realty index was the top gainer, rallied over 2.5 percent whereas, despite strong momentum, selective auto stocks witnessed intraday profit booking at higher levels.
Granules India, GAIL among stocks to buy; check target prices
10:54 (IST) 14 Jun 2023 Gold rates gain on expectations of a rate hike pause from US Fed, softening dollar
Gold rate is trading with gains on Wednesday, while the silver rate is up 0.44%. On Multi Commodity Exchange, gold August futures were trading at Rs 59,355 per 10 grams, up Rs 137 or 0.23%. Silver July futures were trading higher by Rs 315 at Rs 72,409 per kg on MCX.
Gold Price Today, 14 June
10:44 (IST) 14 Jun 2023 Apar Industries: Buy – Target Price: Rs 3725 – Prabhudas Lilladher
“We believe, APR’s focus towards value added products and strong traction in exports business will drive strong topline and profitability in the long run. Hence, we expect revenue/PAT CAGR of 16.5%/5% from FY23-25E, amid high PAT base. The stock is currently trading at PE of 20.5x/16.3x FY24/25E. We maintain ‘Buy’ rating on stock with SoTP based TP of Rs 3,725 (Rs3832 earlier) valuing Cables/Conductors/Speciality oil business at PE of 25x/21x/9x on FY25E EPS,” said analysts at Prabhudas Lilladher.
10:39 (IST) 14 Jun 2023 BUY Kajaria, Somany; HOLD Cera – JM Financial
“We maintain BUY on KJC/ SOMC with a Mar’24 TP of INR 1,350/ INR 860 (valuing it at 35x / 22x Mar’25 EPS) respectively. and maintain HOLD on Cera with a Mar’24 TP of INR 7,000 (valuing it at 30x Mar’25 EPS). We continue to prefer the wood panel sector over the ceramics sector given sector tailwinds (function of real estate inventory absorption) and construct of the industry (relatively lower competitive intensity),” said analysts at JM Financial.
10:02 (IST) 14 Jun 2023 Nifty Outlook
“Last few days’ consolidation as well as slow pace of ascent may have acted as a bear trap. This should give more legs to the upmove, which now threatens to breach the record peak at 18887, with 19000-19070 also eyed in the next sprint. But key play today tomorrow would be about protecting downsides in the event of rejection trades. Towards this end, we will begin with 18690 or 18600 as the downside markers,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:32 (IST) 14 Jun 2023 Anupam Rasayan shares jump 2.5%
Anupam Rasayan share price jumped 2.5% to Rs 1113.05 today. The company has been granted a Letter of Intent for a project worth Rs 2,186 crores with a leading Japanese special chemical company. This project spans over the next five years and involves supplying a new-age patented life science active ingredient. The product will be in the validation phase for the next eighteen months and upon successful validation, the supply will commence from CY2025. This product will be manufactured in our existing multipurpose manufacturing facilities.
09:31 (IST) 14 Jun 2023 Zomato shares tank over 1%
Zomato share price tanked 1.11% to Rs 77.41 after Zomato Australia, step-down subsidiary of Zomato based in Australia, got deregistered effective from June 11, 2023.
09:29 (IST) 14 Jun 2023 Adani Enterprises, Ambuja Cements stocks gain
Adani Enterprises and Ambuja Cements share prices rose today after Bloomberg reported that the embattled Adani group is in talks with various lenders, which includes global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements.
09:27 (IST) 14 Jun 2023 Nifty, Sensex open flat
The NSE Nifty 50 was trading at 18,721.90 and BSE Sensex at 63,120.02.
09:11 (IST) 14 Jun 2023 Bank Nifty breakout above 44200 could potentially trigger trending moves
“Bank Nifty has been trading in a sideways consolidation phase, indicating a lack of clear directional bias. The immediate resistance level for the index is at 44200, which has been acting as a hurdle for further upward movement. A successful breakout above this resistance level could potentially trigger trending moves in the index, suggesting a bullish sentiment. On the downside, the index has support at 43700, which has held the market from significant declines. If the support at 43700 remains intact, it could provide a buying opportunity for market participants,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Share Market outlook today
09:11 (IST) 14 Jun 2023 Bank Nifty short-term target placed at 44500
“Bank Nifty has witnessed buying interest from the support cluster of 44000 which coincided with the lower end of the rising channel and also the 20-day moving average (43980). We expect Bank Nifty to continue with the positive price action for the next few trading sessions. Short term target is placed at 44500,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market outlook today
09:11 (IST) 14 Jun 2023 Bank Nifty close above 44300 can push it towards 45000
“Bank Nifty continued its struggle around 44150 levels. The index was trading in a range throughout the trading session with some traction seen towards the end of the day. The index has managed to sustain above its 21 EMA on daily charts which are expected to continue lending support and a close above 44300 can push it towards 45000 levels,” said Gaurav Bissa, VP – InCred Equities.
Share Market outlook today
09:11 (IST) 14 Jun 2023 Nifty immediate hurdle at 18770 which once sustained can push it towards 19000
“Nifty immediate hurdle is seen at 18770 levels which once sustained can push the index towards 19000 levels. Comfortable writing was seen in 18700 and 18600 strike put options suggesting the dips are unlikely to be steep and any fall towards 18600 can see fresh buying in the Nifty index,” said Gaurav Bissa, VP – InCred Equities.
Share Market outlook today
09:10 (IST) 14 Jun 2023 Above 18600, Nifty may rise to 18800-18850
“Nifty has formed a bullish candle on daily charts, which is largely positive. For bulls, 18600 would act as a sacrosanct support zone. As long as the index is trading above the same, the positive sentiment is likely to continue till 18800-18850. However, below 18600, the uptrend would be vulnerable and below the same, traders may prefer to exit from the long positions,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
Share Market outlook today
09:10 (IST) 14 Jun 2023 Nifty 18600 may cushion any blip in coming period
“The 18600 zone for Nifty is likely to cushion any blip in the coming period, while the sacrosanct support lies around the 18500 mark. Meanwhile, the global markets should be watched closely as any further relief could act as a catalyst to open up the next leg of the rally towards the lifetime high zone of 18888,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel One Ltd.
Share Market outlook today
09:10 (IST) 14 Jun 2023 Nifty current up move can extend till 18800/18889
“Nifty has resumed its up move and successfully defended the crucial support zone of 18530–18500. On the upside, the current up move can extend till 18800 and beyond that 18889. The momentum indicator on the daily and hourly time frame is providing divergent signals however price action is suggesting strength. In terms of levels, today’s gap area formed in the range 18630–186200 shall act as a crucial support zone while 18778–18800 shall act as an immediate hurdle zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
Share Market outlook today
09:09 (IST) 14 Jun 2023 Nifty resistance levels are seen at 18800/18900
“Nifty is currently maintaining a position above the critical moving average, which is a key level of support. Additionally, the Relative Strength Index (RSI) has indicated a bullish crossover, further indicating positive momentum in the market. For the Nifty, initial support is expected to be found at the level of 18700, where significant Put writing has been observed. On the other hand, resistance levels are seen at 18800/18900,” said Rupak De, Senior Technical at LKP Securities.
Share Market outlook today
09:07 (IST) 14 Jun 2023 Nifty, Sensex may open higher; FOMC meeting eyed
“The market is likely to open marginally higher on June 14 as the SGX Nifty indicates a positive start for the broader index, with a gain of 45 points. The US markets have been steadily rising over the last six days. For a long time, Indian markets have been consolidating between 18500 and 18800. The global focus will be on the Federal Reserve meeting, where a rate hike or pause will be widely watched. The strong purchasing figures will aid the market’s upward movement, and traders can buy the decline with a stop loss of 18550 on a closing basis, as it is a significant support for the Nifty,” said Deven Mehata, Equity Research Analyst at Choice Broking.
09:05 (IST) 14 Jun 2023 Nifty, Sensex may rise following sharp gains in US indices
“Markets may witness upward trajectory in Wednesday trades following sharp gains in the US markets after the country’s inflation moderated, thus raising hopes that the Fed may take a dovish stance in the wake of cooling inflation. Another global factor that could help keep local traders in good stead is the lowering of a key interest rate by the People’s Bank of China. The move was aimed at injecting additional funds into the banking system to prop up growth. Investors will also pay close attention to FOMC Chairman Jerome Powell’s comments on the policy outlook. In case the Fed keeps rates unchanged, the feel-good factor could have a rub-off effect on benchmark Nifty that may help the index reach its all-time high of 18888 sooner than later,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
09:03 (IST) 14 Jun 2023 Indel Money expands operations to build a pan-India presence
Indel Money currently operates through its more than 250 branches in 8 states like Maharashtra, Odisha, Karnataka, Andhra Pradesh, Tamil Nadu, Telangana, Puducherry and Kerala is aggressively pursuing a pan-India roadmap by opening 105 branches in FY24.This includes 45 branches in Maharashtra, Gujarat, Rajasthan and Madhya Pradesh. The company has launched the third public issue of non-convertible debentures (NCD) of face value Rs. 1,000 each (open from June 6–19 June 2023). The issue aggregates up to Rs 100 crore and the coupon yields up to 12.25% per annum.
08:47 (IST) 14 Jun 2023 Nifty faces major hurdles at its all-time-high at 18888 mark
“Nifty’s biggest support to watch for today’s session is placed at the 18557 mark. On the upside, the index faces major hurdles at its all-time-high at the 18888 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Share Market outlook today
08:03 (IST) 14 Jun 2023 US indices end in green
The US market ended the overnight session in green after the CPI inflation eased to 4% in May from 4.9% in April – Dow Jones Industrial Average (DJIA) rose 0.43%, S&P 500 gained 0.69% and the tech-heavy Nasdaq climbed 0.83%.
08:02 (IST) 14 Jun 2023 Asian markets trade in green
Asian markets were trading in green – Hong Kong’s Hang Seng rose 0.44%, China’s Shanghai Composite index gained 0.38%, Asia Dow jumped 0.68% and Japan’s Nikkei 225 surged 1%.
08:01 (IST) 14 Jun 2023 SGX Nifty rises 44 pts
The Nifty futures on the Singapore Exchange (SGX) traded 44 points or 0.24% higher at 18,829.5 in today’s early morning trade.
08:01 (IST) 14 Jun 2023 IEX, India Cements, Delta Corp, Manappuram, BHEL, Indiabulls under F&O ban today
The National Stock Exchange has IEX, India Cements, Delta Corp, Manappuram Finance, BHEL, and Indiabulls Housing Finance securities on its F&O ban list for 14 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.
08:00 (IST) 14 Jun 2023 FII/DII data
Foreign institutional investors (FII) purchased shares worth net Rs 1,677.60 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 203.32 crore on June 13, according to the provisional data available on the NSE.
08:00 (IST) 14 Jun 2023 Crude prices gain
Oil prices inched higher on Wednesday after industry data showed an unexpected rise in U.S. crude stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data.
07:59 (IST) 14 Jun 2023 Nifty to reclaim 18800 or give up gains? See SGX Nifty, FII data, US CPI, more before market opens
On Tuesday, continuing their upward momentum for the second day, the domestic indices NSE Nifty 50 and BSE Sensex recorded gains, ending the day in positive territory. Nifty 50 surged by 118 points, closing at 18,716, while Sensex experienced a 0.67% increase, settling at 63,143.
Read Full Story
07:58 (IST) 14 Jun 2023 Stocks To Watch: Adani Enterprises, Reliance Industries, Kotak Mahindra Bank, Zomato, Anupam Rasayan
The SGX Nifty recorded a gain of 0.26% during Wednesday’s early trading session, with a value of 18,833 indicating a positive opening for the domestic indices NSE Nifty 50 and BSE Sensex.
Read Full Story