Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today

4:11 PM

COMMENT:: Global markets took a breather ahead of China rate decision, Fed testimony

"Indian equities shied away from closing at all-time high levels amid profit booking, primarily driven by private banks. Global markets also took a breather after a strong rally last week as investors looked forward to China's rate decision and the Fed chair's testimony. The Indian rupee has been exhibiting strength recently, supported by strong FII inflows and favourable domestic macroeconomic data."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:09 PM

Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans

Shares of FSN e-commerce Ventures, parent company of Nykaa, rallied over 4 per cent on in Monday after most brokerages reiterated their 'Buy' calls on the stock post the company's 2023 Investor Day. They forecast up to 45 per cent upside from current levels over the next one year. READ MORE

 

4:07 PM

TPG sells stake in Shriram Finance for Rs 1,400 cr; stock ends 5% higher

TPG, the private equity major, sold on Monday its entire 2.65 per cent stake in Shriram Finance Ltd through block deals in a transaction worth nearly Rs 1,400 crore, said investment banking sources. READ MORE

4:05 PM

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry. READ MORE

4:04 PM

Bank of Baroda nears 52-week high; regains Rs 1 trillion m-cap

Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent. READ MORE

4:01 PM

NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10%

According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition. READ MORE

3:59 PM

Titagarh Rail hits new high on positive outlook; stock up 379% in a year

Titagarh Rail Systems, formerly Titagarh Wagons, India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems. READ MORE

3:57 PM

Skipper hits 52-week high on winning orders worth Rs 1,135 crore

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders. READ MORE

3:55 PM

BSE Smallcap Heatmap:: ASM Tech, Skipper zoom 20%; Indo Count sheds 5%

3:53 PM

BSE Midcap Heatmap:: Jindal Steel surges over 5%; Rajesh Exports slumps 9%

3:51 PM

Shares of private banks slip up to 1.7%; Nifty Pvt Bank index down 0.9%

3:49 PM

Nifty PSU Bank index gains 1%; Central Bank, Bank of Baroda top gainers

3:47 PM

Market Breadth was negative; Nearly 2,000 stocks declined v/s 1,670 advancing shares on the BSE

3:44 PM

Broader market outperforms; MidCap SmallCap indices finish with marginal gains

3:42 PM

Nifty 50 Losers:: Adani Enterprises cracks 4%; Hero Moto, Adani Ports, Axis Bank slip

3:40 PM

Nifty 50 Gainers:: HDFC Life soars 3%; Bajaj twins 2%

3:38 PM

Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers

3:35 PM

CLOSING BELL:: NSE Nifty settled 71 points lower at 18,755

3:34 PM

CLOSING BELL:: S&P BSE benchmark slips 216 pts, ends Monday's trade at 63,168

3:22 PM

Corporate sector begins to contribute to growth of GFCF: ICICI Securities

The corporate sector has begun contributing to the growth of gross fixed capital formation (GFCF) in FY23, said ICICI Securities Ltd in a report. READ MORE

3:14 PM

Net inflows into equities decline to a 2-yr low: What should investors do?

Overall, inflows have declined significantly in the last two months as the market rise led to investors putting in lower amount. READ MORE

3:05 PM

ALERT:: EaseMyTrip elevates Nutan Gupta as its COO; stock down 1%

EaseMyTrip has elevated Nutan Gupta as its Chief Operating Officer (COO). In her new role, she will be overseeing key functional areas such as business strategy and development, operations and supplier-building initiatives for the company, as per the release issued to the BSE.

2:59 PM

ALERT:: Olectra Greentech awards Greenfield EV plant construction work to Megha Engineering; stock up 2%

Olectra Greentech has awarded the contract for construction of the greenfield electric vehicle manufacturing facility on 150 acres of land at Hyderabad to Megha Engineering & Infrastructures, which is the ultimate holding company and a related party to Olectra Greentech.

2:49 PM

Cash transactions dramatically spike at petrol pumps, online orders: Report

One of major benefits of Centre's decision to withdraw the Rs 2,000 currency note might be the immediate uptick in consumption demand, according to State Bank of Indias Economic Research Department. READ MORE

2:39 PM

ALERT:: IMD says favourable conditions of monsoon to advance

The met department says that the conditions are favourable for monsoon to advance over south Peninsular India, reports CNBC TV 18.

2:31 PM

Bookings begin for Maruti Suzuki MPV Invicto at Rs 25,000; launch on July 5

Invicto is Maruti's own version of the Toyota Innova, the best-selling premium multi-purpose vehicle (MPV) in the country. READ MORE

2:22 PM

When is money gifted not taxable? All your tax queries on gifts answered

In India, if an individual receives a gift, whether it's cash, immovable property, or any other item of value exceeding Rs. 50,000 from a non-relative, it generally falls under taxable income. READ MORE

2:12 PM

Market Check:: BSE MidCap index slips into red; Rajesh Exports tumbles over 7%

2:01 PM

ALERT:: HPCL gets long-term contract from OPaL; stock marginally down

HPCL to supply gas to OPaL from October 2023 to May 2026.

1:50 PM

NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10%

According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition. READ MORE