Share Market News Today | Sensex, Nifty, Share Prices Highlights: 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. Nifty Realty shined in trade, recording gains of 3.06%, with Nifty Media rising 1.7%, Nifty Pharma added 1.12% and Nifty FMCG adding 1.36%. In the broader markets, Nifty Midcap 100 jumped 1.22% while Nifty Smallcap surged 0.7%.
Live Updates 15:37 (IST) 13 Jun 2023 Nifty 50 top gainers, losers
Tata Consumer, Cipla, ITC, Titan and Asian Paints were the top gainers on the Nifty 50 index. Kotak Bank, Adani Enterprises, Adani Ports, HCL Tech and M&M were the top losers on the index.
15:33 (IST) 13 Jun 2023 Markets at close
Domestic indices NSE Nifty 50 and BSE Sensex extended their gains for the second day, closing in the green. Nifty 50 added 118 points to 18,716 while Sensex gained 0.67% to settle at 63, 143.
15:19 (IST) 13 Jun 2023 INR movement
“USDINR CMP- 82.37 (spot) Indian Rupee appreciated by 8 paise today as inflation fell to a 25-month low. CPI inflation declined to 4.25% in May 2023 as compared to 4.7% in April 2023. Industrial production also rose unexpectedly by 4.2% in April 2023 as compared to 1.7% in the previous month. The weak US Dollar and positive domestic markets also supported Rupee.”
– Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas.
14:21 (IST) 13 Jun 2023 Real estate in FY23
“Residential real estate continued to benefit from strong demand, as pre-sales touched a record high of 241 million sq. ft (up 16% on-year) in 4QFY23 and 878 million sq. ft (up 31% on-year) in FY2023.”
– Kotak Institutional Equities
12:46 (IST) 13 Jun 2023 Nifty Midcap 100 gains
Nifty Midcap 100 soars 1.05% intraday.
12:40 (IST) 13 Jun 2023 Nifty 50 top gainers
On the NSE Nifty index, the top winners are Tata Consumer, Titan, Asian Paints, Cipla and Bajaj Finserv, with Tata Consumer higher by 2.28%.
11:53 (IST) 13 Jun 2023 UltraTech Cement
“We maintain BUY on UltraTech Cement (UTCEM) with a revised target price of INR 9,305/share (16.5x Mar-23E consolidated EBITDA).”
– HDFC Securities
11:09 (IST) 13 Jun 2023 Bank Nifty resistance, support
“For the day, support for Bank Nifty exists at 43,800 and 43,500 levels, whereas resistance for Bank Nifty stands at 44,220 and 44,500 levels.”
– ACMIIL
10:39 (IST) 13 Jun 2023 Bullion outlook
Gold rate is trading with gains on Tuesday, while the silver rate is up 0.56%. On Multi Commodity Exchange, gold August futures were trading at Rs 59,763 per 10 grams, up Rs 122 or 0.2%. Silver July futures were trading higher by Rs 406 at Rs 73,380 per kg on MCX.
10:15 (IST) 13 Jun 2023 Derivative outlook
Nifty weekly contract has highest open interest at 18,700 for Calls and 18,600 for Puts while monthly contracts have highest open interest at 19,000 for Calls and 18,000 for Puts. Highest new OI addition was seen at 19,150 for Calls and 18,600 for Puts in weekly and at 19,200 for Calls and 18,600 for Puts in monthly contracts.
10:10 (IST) 13 Jun 2023 Currency outlook
“Lacklustre trades dominated the day. We will continue to eye 82.35-82.25, as long as USDINR remains reluctant to float above 82.50. Deeper support is seen at 81.96, but directional trades may unfold quickly should we see a push above 82.75.”
– Anand James, Chief Market Strategist, Geojit Financial Services.
09:47 (IST) 13 Jun 2023 Domestic economic cues have positive impact on markets
“The market construct is favourable for continuation of the rally. The global support for the rally comes from the consolidation in the US market where S&P 500 is at a 52-week high with low volatility, indicating lack of fear in the market. Taking cues from the better-than-expected economic news, DIIs have emerged big buyers during the last two days. This will impart resilience to the market.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:29 (IST) 13 Jun 2023 MRF share price over Rs 1 lakh
The share price of MRF cross the Rs 1 lakh mark apiece, the first for any stock price in India. The share price gained 1.5% to cross the mark and touch an intraday high of Rs 1,00,439.95.
09:26 (IST) 13 Jun 2023 Inox Wind Energy surges 18%
Inox Wind Energy gains 18%, while Inox Wind falls 4.4% as the board of directors of Inox Wind considered and approved the merger of Inox Wind Energy with Inox Wind. This will reduce the number of listed group companies and result in a stronger shareholder base.
09:24 (IST) 13 Jun 2023 Nifty gainers, losers
The top gainers on the NSE Nifty 50 index are ITC, BPCL, Asian Paints, Hindustan Unilever and Titan, with ITC up 1.71%. L&T, Adani Ports, HDFC Life, Coal India and Hero MotoCorp were the top losers on the index, with L&T down 0.5%.
09:20 (IST) 13 Jun 2023 Markets at open
Domestic indices BSE Sensex and NSE Nifty 50 opened higher. Nifty 50 gained 75 points to 18,675, while Sensex crossed 63,000 with a 260+ point increase. Bank Nifty crossed 44,000, up 0.25%.
09:09 (IST) 13 Jun 2023 Pre-open session
Domestic indices Nifty and Sensex ended the pre-open session in the green. Nifty gained 30 points to 18,631 while Sensex settled at 62,779, up 0.09%.
08:55 (IST) 13 Jun 2023 Levels to watch
“Strong put writing was seen at 18,600 Strike which led to Nifty closing marginally above 18,600 after trading below this level for the initial hour of the day. After back-to-back lower close on the daily chart in Nifty, Future Open Interest (OI) indicated short covering. Nifty is likely to consolidate around the 18,600 level on account on the back of strong put writer’s support. The maximum call OI is placed at 18,700, which will continue to act as an immediate resistance.”
– Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities
08:50 (IST) 13 Jun 2023 Market outlook
“Markets may usher in gains in early Tuesday trades amid a sharp rally in overnight US markets even though Asian gauges are trading mixed. Markets are growing hopeful about the US economy and the interest-rate picture, and are counting on a pause in interest rate hike by the Federal Reserve.”
– Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:37 (IST) 13 Jun 2023 Sectoral Outlook
Broader indices increased on Monday: Nifty Midcap 100 added 55 points & Nifty Smallcap 100 gained 87 points. Among sectors Nifty IT surged 151 points, followed by Nifty Realty, which closed up 141 points.
08:34 (IST) 13 Jun 2023 F&O Ban List
The National Stock Exchange has IEX, India Cements, Delta Corp and Indiabulls Housing Finance securities on its F&O ban list for 13 June.
08:34 (IST) 13 Jun 2023 FII, DII data
Foreign institutional investors (FII) net sold shares worth net Rs 626.62 crore, while domestic institutional investors (DII) net purchased shares worth net Rs 1,793.85 crore on June 12, according to the provisional data available on the NSE.
08:17 (IST) 13 Jun 2023 India’s IIP
India’s industrial production growth rose to 4.2 per cent in April from 1.7 per cent in March 2023, mainly due to good performance by the manufacturing and mining sector
08:10 (IST) 13 Jun 2023 Technical levels to watch
“For traders, 18,550 would be the immediate support level, above which the index could move up till 18,650-18,700. On the other hand, a fresh sell-off is possible only after the dismissal of 18,550. Below the same, the index could slip till 18,500-18,450.”
– Shrikant Chouhan, Head of Research (Retail), Kotak Securities.
07:56 (IST) 13 Jun 2023 Currency outlook
“Markets appear to be cheering at the possibility of the Fed ending its rate hike cycle. Incoming U.S. CPI data will be crucial. Oil prices fell sharply influenced by global economic deceleration and reduced oil price forecasts. India’s CPI cooled and IIP grew. Chinese Yuan further weakened towards 7.17 levels. For USDINR, 82.25 acts as a support while 82.55 a resistance.”
– Kunal Sodhani, VP, Global Trading Centre, Shinhan Bank
07:49 (IST) 13 Jun 2023 Wall Street surges overnight
The S&P 500 and Nasdaq hit their highest closing levels since April 2022, as investors await the FOMC policy verdict and US inflation data. The S&P 500 rose by 0.93%, the tech-heavy Nasdaq Composite soared 1.53% while the Dow Jones Industrial Average climbed 0.56%.
07:49 (IST) 13 Jun 2023 Asian markets
Shares in the Asia-Pacific region were trading mixed. China’s Shanghai Composite declined 0.11% in trade, while Japan’s Nikkei 225 jumped 1.56%. Hong Kong’s Hang Seng index fell 0.16% while South Korea’s Kospi added 0.28%. The Taiwan Weighted index surged 1.31%.
07:38 (IST) 13 Jun 2023 May CPI falls to 4.25%
India’s retail inflation fell to a 25-month low of 4.25% in May on account of softening prices of food and fuel items.
07:34 (IST) 13 Jun 2023 SGX Nifty
As of 0733 IST, the SGX Nifty was higher by 48 points at 18,747, indicating a positive start for NSE Nifty 50 and BSE Sensex.
07:33 (IST) 13 Jun 2023 Oil prices gain on Tuesday
Oil prices inched higher on Tuesday on bargain hunting, recovering some ground from the previous day’s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks.
07:32 (IST) 13 Jun 2023 Markets on Monday
On Monday, NSE Nifty 50 and BSE Sensex ended the trading session with gains. Nifty 50 closed at 18,601, up by 38 points while Sensex recorded a gain of 99 points, at 62,725.