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

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

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		<strong>STOCK MARKET HIGHLIGHTS</strong>: The benchmark indices missed touching record high levels by a whisker on Monday as investors booked profit at higher level. The S&P BSE Sensex hit a high of 63,574.69 during the day which was just 8 points away from record high of 63,583. It, eventually, closed at 63,168, down 216 points or 0.34 per cent.</div>
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		The NSE Nifty, meanwhile, hit an intra-day high of 18,881.45, barely 6 points shy off record high of 18,887.6. It ended at 18,755, down 71 points or 0.37 per cent.</div>
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		Kotak Bank, Axis Bank, NTPC, Adani Enterprises, Adani Ports, ICICI Bank, IndusInd Bank, Reliance Industries, and Bharti Airtel were the top laggards on the bourses, down between 1 per cent and 4 per cent.&nbsp;</div>
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		In the broader markets, the BSE MidCap index dipped 0.08 per cent, while the BSE SmallCap index added 0.24 per cent.&nbsp;</div>
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		Among sectors, the Nifty Private Bank index fell about 1 per cent. On the contrary, the Nifty PSU Bank index gained 1 per cent.&nbsp;</div>
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Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

Business Standard

Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh | News on Markets - Business Standard

Global markets :: Asian indices largely fall on profit booking

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What happened on Wall Street last Friday?

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Track all the markets related developments here

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

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	Shares of FSN e-commerce Ventures, parent company of Nykaa, rallied over 4 per cent on in Monday after most brokerages reiterated their &#39;Buy&#39; calls on the stock post the company&#39;s 2023 Investor Day. They forecast up to 45 per cent upside from current levels over the next one year. <a href="https://www.business-standard.com/markets/news/nykaa-investor-day-2023-how-analysts-view-the-e-retailer-s-growth-plans-123061900349_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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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. <strong><a href="https://www.business-standard.com/companies/news/tpg-stake-sale-deal-to-sell-stake-in-shriram-finance-for-rs-1-400-cr-deal-this-week-123061900366_1.html" target="_blank">READ MORE</a></strong><br />
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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. <a href="https://www.business-standard.com/markets/news/bank-of-baroda-nears-52-wk-high-up-3-regains-rs-1-trillion-m-cap-123061900315_1.html?1687157679" target="_blank"><strong>READ MORE</strong></a><br />
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Titagarh Rail hits new high on positive outlook; stock up 379% in a year

Titagarh Rail Systems, formerly Titagarh Wagons, India&#39;s undisputed leader in the wagon manufacturing space, now it is also among India&#39;s very few integrated manufacturers of passenger rail systems. <a href="https://www.business-standard.com/markets/news/titagarh-rail-hits-new-high-on-strong-business-outlook-zooms-379-in-1-yr-123061900158_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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CLOSING BELL:: S&P BSE benchmark slips 216 pts, ends Monday's trade at 63,168

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. <a href="https://www.business-standard.com/markets/news/nbfcs-in-focus-five-star-m-m-finance-creditaccess-rally-up-to-10-123061900382_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Shares of FSN e-commerce Ventures, parent company of Nykaa, zoomed 4.4 per cent to Rs 150.8 apiece on the BSE in Monday&#39;s intra-day trade as most brokerages reiterated their &#39;buy&#39; calls on the stock post the company&#39;s 2023 Investor Day. They forecast up to 45 per cent upside from current levels over the next one year. <a href="https://www.business-standard.com/markets/news/nykaa-investor-day-2023-how-analysts-view-the-e-retailer-s-growth-plans-123061900349_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Nykaa, beauty care products" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/03/full/1627970574-5831.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Nykaa, beauty care products" width="620" /></div>

Bank of Baroda nears 52-wk high, up 3%; 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. <a href="https://www.business-standard.com/markets/news/bank-of-baroda-nears-52-wk-high-up-3-regains-rs-1-trillion-m-cap-123061900315_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Bank of Baroda" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-08/23/full/1535041978-9129.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Bank of Baroda" width="620" /></div>

Skipper soars 15%, 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. <a href="https://www.business-standard.com/markets/news/skipper-soars-15-hits-52-week-high-on-fresh-orders-win-of-rs-1-135-crore-123061900238_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Ashok Leyland hits record high in subdued market; rallies 8% in two days

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	The company said it has partnered with &#39;Aidrivers&#39; for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry. <a href="https://www.business-standard.com/markets/news/ashok-leyland-hits-record-high-in-subdued-market-rallies-8-in-two-days-123061900213_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Ashok Leyland, Trucks" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-12/27/full/1640624781-8149.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>
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WATCH :: Are FDs a better bet over equities for next 1 year?

Shriram Finance jumps 7%, nears 52-week high on heavy volumes

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	Shares of Shriram Finance surged 7 per cent to Rs 1,500 in Monday&rsquo;s intra-day trade, amid heavy volumes. The stock of non banking financial company (NBFC) quoted close to its 52-week high level of Rs 1,509, touched on July 25, 2022. <a href="https://www.business-standard.com/markets/news/shriram-finance-surges-7-nears-52-week-high-on-heavy-volumes-123061900182_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Shriram Finance" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/10/full/1668094872-8095.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

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	While TRSL is India&#39;s undisputed leader in the wagon manufacturing space, now it is also among India&#39;s very few integrated manufacturers of passenger rail systems. <a href="https://www.business-standard.com/markets/news/titagarh-rail-hits-new-high-on-strong-business-outlook-zooms-379-in-1-yr-123061900158_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Sensex, Nifty, stock brokers" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

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

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

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

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

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

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OPENING BELL: Sensex opens over 100 pts higher

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

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	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. <a href="https://www.business-standard.com/companies/news/state-bank-of-india-hdfc-to-gain-from-nifty-bank-index-readjustment-123061800541_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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SGX Nifty :: Nifty may attempt to scale fresh peak today

&gt;&gt; SGX Nifty quotes 22 points higher at 18,920.<br />
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Blinken meets Chinese Foreign Minister Qin Gang on high-stakes diplomatic trip to Beijing

US Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang in Beijing on a high-stakes diplomatic mission to cool US-China tensions that have overshadowed geopolitics in recent months.<br />
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	&quot;The Secretary made clear that the United States will always stand up for the interests and values of the American people and work with its allies and partners to advance our vision for a world that is free, open, and upholds the international rules-based order,&quot; US spokesperson said.</div>
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	Blinken invited Qin to the US to continue discussions, and the spokesperson said the pair agreed to schedule a visit at a &ldquo;mutually suitable time.&rdquo;<br />
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	Blinken will continue to meet with Chinese officials in Beijing Monday.</div>

On radar :: Key global events to track this week

&gt;&gt; China will announce the Loan Prime Rate for 1 year and 5 years on Tuesday<br />
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&gt;&gt; Federal Reserve Chair Jerome Powell&#39;s semi-annual testimony to Congress on Tuesday<br />
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	&gt;&gt; apan will announce inflation rate for May on Friday<br />
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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

Global markets :: Asian indices largely fall on profit booking

What happened on Wall Street last Friday?

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