Stock Market Highlights, June 19: Sensex, Nifty end flat; Nifty Bank rises 2%, Axis, HDFC Bank up 3%

Stock market Highlights today, June 19, 2024: The BSE Sensex hit an all-time high of 77,852 in the intraday trade, while the Nifty50 touched 23,664

2:19 PM

Divine Power Energy's Rs 23-crore IPO to open on June 25; details here

The manufacturer of insulated wires and strips aims to raise Rs 22.76 crore via the public offering of its shares in a price band of Rs 36-40 per share. READ MORE

2:07 PM

Will invest $100 bn in energy transition over next decade: Gautam Adani

Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the Adani Group is building major facilities to manufacture electrolysers for making green. READ MORE

1:57 PM

CDSL, KPIL, Brigade: 4 smallcap stocks that can fall over 14% from here

The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term. READ MORE

1:46 PM

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here

Domestic brokerage Motilal Oswal analysts are optimistic about the jewellery sector, prompting them to initiate coverage on Kalyan Jewellers and Senco Gold. Meanwhile, they have reaffirmed a 'Buy' rating on Titan. READ MORE

1:35 PM

ALERT:: SBI board okays Rs 20,000 cr bond sale; stock trades flat

SBI board today approved for raising long term bonds up to an amount of Rs 20,000 crore through a public issue or private placement, during FY25.

1:25 PM

Datamatics share price surges 9% on patent win for developing new software

Shares of Datamatics soared 8.6 per cent at Rs 626 per share on the NSE in Wednesday’s intraday trade. This came after the company today announced that it was granted a patent for its AI-powered document processing software TruCap plus. READ MORE

1:14 PM

ixigo shares extend rally, zoom 112% against issue price on FII buying

On Tuesday, ixigo shares closed at Rs 165.72, 78 per cent higher against its issue price of Rs 93, on the back of foreign institutional investors (FIIs) lapping up the stock on its debut day.  With today's rally, the market price of Le Travenues Technology has more than doubled, zooming 112 per cent against its issue price. READ MORE

1:04 PM

Sensex Heatmap :: Private banks lead charge on the index; HDFC Bank up 2%

12:50 PM

This semiconductor stock has nearly doubled thus far in the month of June

With over 1,200 engineers spread across Silicon Valley-USA, Hyderabad, Bengaluru, Ahmedabad and Pune, MosChip offers a comprehensive range of solutions including turn-key digital and mixed-signal ASICs, design services, SerDes IP, and embedded system design. With a rich legacy spanning two decades, MosChip has successfully developed and delivered millions of connectivity ICs worldwide. READ MORE

12:37 PM

ALERT :: Datamatics granted patent for its proprietary AI -powered Intelligent Document Processing Software

12:24 PM

ALERT :: Tata Motors to hike prices of commercial vehicles from July 2024

>>  Price hike to offset impact of rising commodity prices

>> Price hike to be done up to 2%

12:11 PM

Govt plans telecom PLI scheme revamp, may focus on MSMEs and exports

The move to expand the scheme stems from the increasing need to set up a full-scale telecom manufacturing ecosystem in the country, and covering a larger set of network equipment will be key to it, the officials said. The scheme aims to promote domestic manufacturing of telecom and networking products. “Triggering higher levels of domestic value addition in key product categories was required when the scheme was brought in. That has happened, and  we need to expand it to the next level. There is a need to quickly capture market demand for telecom gear in key countries currently going through their own 5G rollout,” said one of the officials. READ MORE

11:54 AM

Domestic drugs formulations market to be worth Rs 5.5 trn by 2034: Report

The domestic pharmaceutical formulations market will be worth Rs 5.5 trillion by 2034 by growing at a compound annual growth rate (CAGR) of 10 per cent, said investment banker Avendus Capital in a report on Wednesday. READ MORE

11:46 AM

Akme Fintrade IPO opens today; check price band, GMP, lot size here

Aasaan Loans IPO is a book-built issue amounting to Rs 132 crore, consisting entirely of a fresh issue of 1.1 crore shares. READ MORE

11:36 AM

This semiconductor stock has nearly doubled thus far in the month of June

Shares of MosChip Technologies hit a new high of Rs 251.80, surging nearly 13 per cent on the BSE in Wednesday's intraday trade amid heavy volumes, on healthy business outlook. Thus far in the month of June, the stock of the semiconductor and system design services company has nearly doubled, zooming 97 per cent from a level of Rs 128.10 on May 31, 2024. READ MORE