Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Friday’s session deeply in red. The NSE Nifty 50 sank 105.75 points or 0.56% to 18,665.50 and BSE Sensex tanked 259.52 points or 0.41% to 62,979.37. In sectoral indices, Bank Nifty fell 101.95 points or 0.23% to 43,622.90, Nifty Auto tumbled 1.03%, Nifty IT sank 0.89%, Nifty Metal plunged 2.48% and Nifty PSU Bank declined 1.18%. The top gainers on Nifty 50 were IndusInd Bank, Dr Reddy’s Laboratories, Asian Paints, Bharti Airtel and NTPC while the losers were Adani Enterprises, Adani Ports, BPCL, Hindalco and Divis Laboratories.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
16:13 (IST) 23 Jun 2023 Where is share market headed after Nifty ends below 18670, Bank Nifty under 43630
Benchmark indices NSE Nifty 50 and BSE Sensex ended Friday’s session deeply in red. “Global central banks are currently focused on addressing inflation and have reiterated their commitment to reaching their target levels, as evidenced by the hawkish commentary from Powell and the unexpected rate hike by the Bank of England. The downward revision of earnings guidance by a major US tech company Accenture has raised concerns about potential earnings downgrades in the Indian IT sector, resulting in pressure on IT stocks. However, the domestic market is not expected to experience a significant correction due to favourable domestic economic indicators and correction in international commodities prices to sustain earnings growth on a QoQ basis,” said Vinod Nair, Head of Research at Geojit Financial Services.
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15:36 (IST) 23 Jun 2023 Nifty, Sensex end in red
The NSE Nifty 50 tumbled 105.75 points or 0.56% to 18,665.50 and BSE Sensex plunged 259.52 points or 0.41% to 62,979.37.
14:58 (IST) 23 Jun 2023 Volume Gainers
DCM Shriram, Wheels India, 63 moons technologies, Aaa Technologies, Eros International Media, Antony Waste Handling Cell, De Nora India, Landmark Cars, Dhunseri Ventures, Harsha Engineers International, Mahalaxmi Rubtech, Neogen Chemicals, Synergy Green Industries, Chemplast Sanmar, The Byke Hospitality Ltd, Softtech Engineers, D P Wires, RattanIndia Power, TD Power Systems and ICICI Securities were the volume gainers.
14:58 (IST) 23 Jun 2023 Stocks at 52-Week Lows
Adani Total Gas, Lexus Granito, Power & Instrumentation (Gujarat), Shah Alloys, TECIL Chemicals and Hydro Power, Accuracy Shipping, Cerebra Integrated Technologies, Paras Petrofils, Silly Monks Entertainment, Siti Networks, Tirupati Forge and Viji Finance were among 15 stocks that hit 52-week lows.
14:58 (IST) 23 Jun 2023 Stocks at 52-Week Highs
Apollo Micro Systems, Arvind, AstraZeneca Pharma India, Aurobindo Pharma, Mrs Bectors Food Specialities, Blue Star, Carysil, CSL Finance, De Nora India, D P Wires, EIH Associated Hotels, Force Motors, Fusion Micro Finance, Ganesha Ecosphere, HPL Electric & Power, IKIO Lighting, India Motor Parts and Accessories, InterGlobe Aviation (IndiGo), JITF Infralogistics, Keerti Knowledge and Skills, Kirloskar Industries, KPR Mill, LG Balakrishnan & Bros, Larsen & Toubro, Man Infraconstruction, Orchid Pharma, PNB Housing Finance, PB Fintech, Ram Ratna Wires, Rico Auto Industries, S&S Power Switchgears, Synergy Green Industries, Shanthi Gears, Shriram Pistons & Rings, Steel Strips Wheels, Supreme Industries, TD Power Systems, Texmaco Rail & Engineering, Thomas Scott (India), Tube Investments of India, Trent, VA Tech Wabag, Wheels India and Wonderla Holidays were among 52 stocks to hit 52-week highs.
14:58 (IST) 23 Jun 2023 NSE Nifty 50 – Top Gainers and Losers
IndusInd Bank, Dr Reddy’s Laboratories, Bharti Airtel, Asian Paints, NTPC, HCL Tech, HDFC, Kotak Bank, Kotak Bank, Bajaj Auto, Tata Consumer and Sun Pharma were the top gainers while Adani Enterprises, Adani Ports, BPCL, Hindalco, HDFC Life, Grasim, Tata Motors, Power Grid, Tata Motors, Power Grid, HeroMotocorp and SBIN were the losers.
14:57 (IST) 23 Jun 2023 Yobee partners with Nuvama to launch Tradebox
Yobee has announced that it has unveiled Tradebox at no charge to users of Nuvama Wealth, formerly known as Edelweiss Wealth Management. Through this partnership, Yobee expects to further increase the penetration of Tradebox as a valuable asset-class for traders and investors.
14:53 (IST) 23 Jun 2023 Adani Enterprises, HAL, HDFC among most active stocks
Adani Enterprises, HAL, HDFC Bank, Adani Ports, HDFC, ICICIC Bank, Infosys, Reliance Industries (RIL), Shriram Finance and State Bank of India were the most active NSE stocks.
14:52 (IST) 23 Jun 2023 Bank Nifty flat, Auto, IT, Metal fall, Pharma gains
In sectoral indices, Bank Nifty was trading flat at 43,720.7, Nifty Auto fell 0.86%, Nifty IT was down 0.67%, Nifty Metal tanked 2.23%, Nifty PSU Bank was down 0.94% while Nifty Pharma rose 0.26%.
14:51 (IST) 23 Jun 2023 Broader indices trade in red
All the broader market indices were in red – Nifty Next 50 tanked 1%, Nifty Midcap 100 tumbled 1% and Nifty Smallcap 400 plunged 0.97%.
13:43 (IST) 23 Jun 2023 Why Adani Enterprises, Adani Ports shares tanked up to 10% today: All Adani stocks in red as SEC threat looms
Adani Group stocks tanked today with flagship Adani Enterprise share price sinking 9.7% to Rs 2,162.85 after a Bloomberg report suggested that US authorities were looking into representations that Adani Group made to American investors following Hindenburg Research’s report. The US Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Adani Group told them, the report stated. The US Securities and Exchange Commission (SEC) also has a similar probe underway.
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11:20 (IST) 23 Jun 2023 Nifty IT tanks 200 pts; check top losers
Nifty IT tanked 204.65 points or 0.71% to 28,606.50. The top losers were LTTS, LTIM, MPhasis and Tech Mahindra while there were no gainers.
11:09 (IST) 23 Jun 2023 Adani Enterprises stock tanks 9%
Adani Enterprises share price tanked 9% to Rs 2,182.3 after a report stated US authorities are looking into representations made by the conglomerate to its American investors after a report by US based short seller Hindenburg.
10:43 (IST) 23 Jun 2023 Nifty Metal tanks nearly 2%; check top losers
Nifty Metal tanks 111.65 points or 1.80% to 6,079.30. The top losers on the index were Adani Enterprises, Hindalco, NALCO, APL Apollo Tubes and Jindal Steel while there were no gainers.
09:49 (IST) 23 Jun 2023 Market mood not so bullish now
“After the Sensex hit record highs, the market momentum has slowed down. The mood in the markets now is not so bullish, globally. The big wall of worry continues with the rising interest rates. After the ECB’s and Swiss National Bank’s 25 bp rate hike, the Bank of England surprised yesterday with a 50bp rate hike. The message from the leading central banks, reiterated by the Fed in its recent Congressional testimony, is that they will not let down on containing inflation and there is a long way to go before the inflation target of 2% is reached. Therefore, markets now are slowly discounting further rate hikes by the Fed, perhaps two more in this rate hiking cycle. This hawkish rate scenario is not conducive to sustaining the rally beyond record levels,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:42 (IST) 23 Jun 2023 PNB Housing Finance share price tumbles nearly 2%
PNB Housing Finance share price tumbled 1.87% to Rs 599 after the company’s board approved the issuance of non–convertible debentures in tranches aggregating up to Rs 5,000 Crore on a private placement basis.
09:40 (IST) 23 Jun 2023 Eros International Media stock tanks 17%
Eros International Media share price tanked 16.86% to Rs 21.90 after the company received an interim ex parte order from SEBI that said the financial results declared by Eros were impaired. Additionally, the regulator claimed that Eros had breached its regulations, and barred Sunil Lulla from holding any managerial position or directorial position in the company.
09:38 (IST) 23 Jun 2023 Vednata stock tanks over 1%
Vedanta share price tanked 1.07% to Rs 277.65 after the company claimed that media reports that stated the company is looking into the sale of the Sterlite Copper Plant in Thoothukudi are “wrong, baseless, and incorrect.”
09:36 (IST) 23 Jun 2023 HDFC stock falls marginally
HDFC share price fell 0.35% to Rs 2705 after the company divested its entire stake in Ruralshores Business Services, representing 9.65% of the paid-up share capital of Ruralshores. HDFC also offloaded its stake in HDFC Property Ventures and HDFC Venture Capital to Vividh Distributors for Rs 1.2 crore and Rs 30 lakh respectively. The lender bought a 3.86% stake in Bonito Designs and purchased 914 CCPs of Relata.
09:35 (IST) 23 Jun 2023 Landmark Cars stock jumps 4%
Landmark Cars share price jumped 4% to Rs 690 after the reports suggested that TPG Capital is looking to exit its investments in auto retailer Landmark Cars by selling its about 11% stake through a block deal valued at about Rs 300 crore. According to various media reports, the private equity firm would sell over 4.4 million shares on Friday.
09:32 (IST) 23 Jun 2023 Aether Industries stock tanks over 3%
Aether Industries share price tanked 3.5% to Rs 1121.95 after the company’s board approved the issue and allotment of 80.12 lakh equity shares to 36 qualified institutional buyers at the issue price of Rs 936, aggregating to Rs 749.99 crore. SBI Mutual Fund, Axis Mutual Fund, and Edelweiss Mutual Fund were some of the key investors.
09:29 (IST) 23 Jun 2023 Bank Nifty slips below 43600; check top losers/gainers
Bank Nifty fell 147.50 points or 0.34% to 43,577.35. The top losers were IDFC First Bank, SBIN, Bandhan Bank, Bank of Baroda and Federal Bank while the gainers were ICICI Bank and PNB.
09:21 (IST) 23 Jun 2023 Nifty, Sensex open in red
The NSE Nifty 50 tumbled 66.45 points or 0.35% to 18,704.80 and BSE Sensex sank 190.70 points or 0.30% to 63,048.19.
09:19 (IST) 23 Jun 2023 Bank Nifty will only resume its upward movement with a breakout above 44000
“Bears in the Bank Nifty have maintained their hold on the resistance level of 44000. The index will only resume its upward movement with a breakout above 44000 on a closing basis. The overall market sentiment remains negative, suggesting a sell-on-rise approach. The lower-end support level is at 43400, which is the last hope for the bulls. The momentum indicator RSI is trading below the level of 60 which confirms the weak momentum on the upside,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
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09:18 (IST) 23 Jun 2023 Bank Nifty stuck in range of 44000–43500
“Bank Nifty’s 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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09:18 (IST) 23 Jun 2023 Nifty OI data
“Volume profile indicates Index has a strong support around 18700-18650 zone. Coming to the OI Data, on the call side, the highest OI was observed at 18800 followed by 18900 strike prices while on the put side, the highest OI is at 18800 strike price. On the other hand, Bank nifty has support at 43350-43500 while resistance is placed at 44150 levels,” said Deven Mehata, Equity Research Analyst at Choice Broking.
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09:18 (IST) 23 Jun 2023 Nifty resistance seen at 18880 – 18900
“The Bollinger bands are contracting indicating that there could be more consolidation before it resumes trending moves. Overall, we continue to maintain our positive outlook on the index for targets of 19000. In terms of levels, 18700–18660 shall act as a crucial support zone while 18880 – 18900 shall act as a crucial resistance zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:15 (IST) 23 Jun 2023 Nifty support placed at 18808–18783
“Nifty has been facing stiff resistance at the zone of 18870–18900. Despite multiple attempts, it has been unable to surpass it. The hourly momentum indicator has a negative crossover which is a sell signal and could be the reason for the weakness in the Nifty. On the downside the Nifty is trading around the key hourly moving averages 18808–18783 which can act as a support,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
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09:15 (IST) 23 Jun 2023 Nifty trend seems sideways to negative as long as it remains below 18900
“Nifty failed to reach a new high and fell just 1 point short of its all-time high as selling pressure was observed at higher levels. The Relative Strength Index (RSI) displayed a bearish crossover, indicating a weakening bullish momentum. The current trend seems to be sideways to negative, as long as the index remains below 18900. On the downside, a support level is identified at 18700. If the index decisively falls below this level, it may trigger a significant correction in prices,” said Rupak De, Senior Technical analyst at LKP Securities.
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09:14 (IST) 23 Jun 2023 Nifty could retest level of 18700-18650
“On intraday charts, the Nifty has formed a double top formation and also formed a bearish candle on daily charts which is largely negative. For day traders, 18850 would be the immediate resistance level. Below this, the market could retest the level of 18700-18650. On the flip side, a fresh uptrend rally is possible only after the dismissal of 18850. Post the breakout, the Nifty is likely to rally till 18900-18935,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
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09:14 (IST) 23 Jun 2023 Nifty may fall to 18301
“Thursday’s market pause indicates a potential decline towards key support levels, notably 18661 for Nifty. In the event of breaching this level, a substantial downward movement towards 18301 is anticipated,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
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09:13 (IST) 23 Jun 2023 Nifty’s breakout above 18888 necessary to sustain upward trend
“Nifty’s breakout above 18888 is necessary to sustain the upward trend. Conversely, the low reached on Tuesday, around 18650, coincides with the 20EMA (Exponential Moving Average) and can be regarded as a significant support level. A breach below this level could trigger a breakdown of the Double Top pattern, potentially leading to further profit booking in the Nifty,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
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08:15 (IST) 23 Jun 2023 RBL Bank, Hindustan Copper, BHEL, L&TFH, PNB under F&O ban today
The National Stock Exchange has RBL Bank, Hindustan Copper, Bharat Heavy Electricals (BHEL), L&T Finance Holdings, and Punjab National Bank securities on its F&O ban list for 23 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 80% 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.
08:14 (IST) 23 Jun 2023 FII/DII data
Foreign institutional investors (FII) offloaded shares worth a net Rs 693.28 crore, while domestic institutional investors (DII) bought shares worth a net Rs 219.42 crore on June 22, according to the provisional data available on the NSE.
08:13 (IST) 23 Jun 2023 US indices end mostly in green
The US market ended the overnight session mostly in green – Dow Jones Industrial Average (DJIA) settled flat, S&P 500 rose 0.37% and the tech-heavy Nasdaq gained 0.95%.
08:12 (IST) 23 Jun 2023 Asian markets deeply in red
Asian markets were trading broadly in red – Hong Kong’s Hang Seng tanked 1.48%, China’s Shanghai Composite Index tumbled 1.38%, South Korea’s KOSPI dipped 0.69%, Asia Dow sank 1.38% and Japan’s Nikkei 225 plunged 1.37%.
08:12 (IST) 23 Jun 2023 SGX Nifty trades flat
The Nifty futures on Singapore Exchanges (SGX) were trading 13 points or 0.07% lower at 18,818 in the early morning trade.
08:12 (IST) 23 Jun 2023 Nifty to rise or fall under 18,750? See SGX Nifty, FII data, US shares, crude oil, more before market opens
On Thursday, the benchmark indices had a volatile day of trade before closing in the red. Sensex hit a new high on open but quickly pared its gains to trade in the trade, settling 0.45% lower at 63,238.89. Nifty 50 gave up the 18,800 level to end at 18,771.25.
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08:10 (IST) 23 Jun 2023 Stocks To Watch: HDFC, Vedanta, Aether Industries, Eros International, PNB Housing Finance, Landmark Cars
The SGX Nifty recorded a 0.05% loss during Friday’s early trading session, with a value of 18,822 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex.
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