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

SI Reporter New Delhi

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

9:25 AM

Nifty drags: Hero Moto, NTPC, HDFC Life top losers

9:23 AM

Nifty winners: Dr Reddy's additional gainer; gains 1.5%

9:21 AM

HEATMAP: Bajaj Finserv, L&T, Titan lead Sensex gains

9:19 AM

OPENING BELL: Nifty gains 50 pts to touch 18,880

Nifty Dec 1 all time high stands at 18,888.

9:17 AM

OPENING BELL: Sensex opens over 100 pts higher

9:11 AM

PRE-OPEN: Nifty to move above 18,850

9:09 AM

PRE-OPEN: Sensex off to positive start

9:08 AM

ALERT: Grasim's state-of-the-art CPVC resin plant to begin construction in later part of 2023

Grasim says both the company and Lubrizol reaffirm that the construction of the first phase of the world’s largest single-site state-of-the-art 100,000 metric tonne CPVC resin facility in Vilayat, Gujarat, will commence in later part of the year 2023

9:03 AM

CURRENCY ALERT: Rupee opens flat against Friday’s close of 81.93/$

9:00 AM

Reserve Bank of India may need to pump in funds on liquidity crunch

Funds flowing out because of advance tax payments and impending goods and services tax (GST) towards the end of the month may weigh on liquidity in the banking system. The outgo on account of advance tax was Rs 1.16 trillion. READ MORE

8:56 AM

Sebi justifies 'urgent action' against Zee Entertainment in 197-page reply

“We have a situation before us where the chairman emeritus and the MD and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons. The appellant’s conduct is telling in this regard. Not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings,” Sebi said in a 197-page affidavit to SAT. READ MORE

8:52 AM

State Bank of India, HDFC to gain from Nifty Bank index readjustment

State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) will see maximum inflows from passive trackers on account of the quarterly rebalancing exercise of the National Stock Exchange Nifty Bank Index. IndusInd Bank and AU Small Finance Bank could see maximum outflows. READ MORE

8:50 AM

Stocks to watch: Tata Steel, NMDC, PNC Infra

Shriram Properties: Chairman and Managing Director M Murali said that the company will invest around Rs 750 crore in FY24 to construct new residential projects as it looks to scale up business amid strong housing demand.

NMDC: According to reports, the company is likely to invite financial bids for privatising NMDC Steel only after commissioning of the blast furnace at the company's steel plant in Chhattisgarh, as they expect the company's value to rise once the steel plant becomes operational. READ MORE