Market Highlights, June 12: Sensex up 150 pts, Nifty off record high ahead of CPI data, Fed outcome

Stock Market Highlights on June 12, 2024: Losses in Britannia Industries, M&M, HUL, Titan, Tata Consumer, Adani Ports, Axis Bank, and Infosys capped gains

SI Reporter New Delhi

8:00 AM

Sebi bans former TV anchor Pandya, 7 others from mkt for 5 yrs, slaps fine

Markets regulator Sebi on Tuesday barred Pradeep Pandya, who was anchoring stock market shows on a television channel, and seven other entities from securities market for five years and imposed a fine of Rs 2.6 crore collectively for indulging in fraudulent trading activities.

Apart from Pandya, others banned by Sebi are Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade. Read more

7:52 AM

RVNL, Zensartech: Top two picks by Vinay Rajani of HDFC Sec for June 12

Buy RVNL (CMP: Rs 390): | Target Rs 430| Stop-loss Rs 365

Stock has retraced more than 61.8 per cent of the entire fall which was seen from the swing high of Rs 425 towards the recent swing low of Rs 312, which indicates negation of a down trend.

Stock is now placed above all important moving averages, which indicates bullish trend on all time frames. Read more

7:47 AM

Time to buy Nifty IT on dips and sell Pvt Bank on rise? What charts reveal

The Nifty Private Banks Index is currently positioned to attract profit booking on any rise, making a sell-on-rise strategy the most suitable approach for traders. The index is expected to encounter resistance, prompting a potential pullback. Read more

In the April-June quarter of FY20, Wipro paid a retention bonus of ~1,00,000 to the freshers, who were hired via campus placement and completed one year

7:45 AM

Stock market today Jun 12: Inflation, US Fed outcome to guide Sensex, Nifty

Pre-stock market update for Wednesday, June 12, 2024: Equity benchmark indices may witnessed another choppy ride today as market participants brace-up for the May inflation numbers, factory output for the month of April.

On Tuesday, the Sensex and the Nifty ended on a flat note despite holding notable gains for a significant part of the trading day. Meanwhile, the Indian Rupee settled at a record closing low of 83.57 against the US dollar yesterday tracking the rise in Dollar index. Read more