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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

Image SI Reporter New Delhi
Bombay Stock Exchange, BSE

9:09 AM

Pre-opening session: Nifty above 23,600-mark

9:01 AM

Chipmaker firm Nvidia's 591,078% rally to most valuable stock came in waves

Between its debut and the time it entered the S&P 500, the stock gained more than 1,600 per cent, giving it a market value of about $8 billion. That rise came as many other technology stocks were cratering in the aftermath of the dot-com bubble, which peaked in March 2000. READ MORE
Nvidia

8:52 AM

Sebi slaps penalty on OP Jindal Group's firm Hexa Tradex, other entities

Siddeshwari Tradex Pvt Ltd, Innox Global Multiventures, Opelina Sustainable Services, and JSL Ltd, were the promoter entities of Hexa Tradex Ltd, which were also penalised by the markets regulator.
 
Pursuant to a complaint received by the Securities and Exchange Board of India (Sebi) in July 2022. The regulator conducted an examination with respect to the delisting of Hexa Tradex Ltd (HTL), a BSE and NSE-listed company. READ MORE

8:45 AM

ALERT :: TMB submits application to RBI with the names of 3 candidates for the post of MD & CEO

>> The Nomination and Remuneration Committee, the Board of Directors of the Bank, has finalised the names of 3 candidates, in the order of preference, for the position of the Managing Director & Chief Executive Officer of the Bank.

>> The Bank has submitted an application to RBI with the names of the 3 candidates.
8:42 AM

Analysts bullish on Nykaa's outlook for beauty and personal care business

A breakeven at earnings before interest, taxes, depreciation, and amortisation (Ebitda) level in the fashion business by FY26 would be a big improvement versus Rs 100 crore loss in FY24. READ MORE

8:39 AM

Not so listless: The market in shares of unlisted companies is buzzing

One cannot be blamed for wondering that the conversation has gone into dream land. Except that it is rooted in reality. Buying and selling of unlisted shares of popular brands such as Bira, AB InBev (maker of Hoegaarden and Budweiser), CSK, Tata Capital, and the National Stock Exchange of India (NSE) has become as easy as dealing in shares of listed companies, thanks to the services of more than a dozen online platforms that specialise in it. READ MORE

8:36 AM

More MNCs eye IPO route after passenger car major Hyundai Motor move

Last week, Hyundai filed the offer document with market regulator Securities and Exchange Board of India (Sebi) to sell a 17.5 per cent stake in Hyundai Motor India. The IPO size is pegged at Rs 25,000 crore, the largest ever for the domestic markets. READ MORE

8:33 AM

ALERT :: GIFT Nifty indicates record opening for benchmarks

>> At 8:30 AM, GIFT Nifty was ruling 92 points higher at 23,660
8:29 AM

Stocks to Watch, June 19: Bharat Forge, Mrs Bectors, Prestige Estates

Bharat Forge: Bharat Forge has invested an additional $40 million in Bharat Forge America Inc., its wholly-owned subsidiary, to support the expansion of an aluminium forging facility.
 
Mrs Bectors: Mrs Bectors board will meet on June 24 to deliberate on proposals for raising funds through various means. READ MORE

8:26 AM

Indus Towers, Tata Technologies among seven stocks to track on June 19

Indus Towers: The company has initiated a block sale, with Vodafone Group intending to sell shares worth up to $1.1 billion (9.94 per cent of equity) at a price range of Rs 310-341 per share, according to reports.

ZF Commercial Vehicle Control Systems India: Wabco Asia may sell 5 per cent equity of ZF Commercial Vehicle Control Systems India in a block deal, according to reports. READ MORE

8:23 AM

Stock market guide Jun 19: GIFT Nifty atop 23,600; Experts see more upside

Foreign institutional investors (FIIs) were net buyers of stocks to the tune of Rs 2,569 crore on Tuesday; whereas, domestic institutional investors (DIIs) net bought shares worth Rs 1,556 crore. In the derivatives segment, FIIs added over 11,563 contracts as net longs in index futures. The index long-short ratio rose to 0.95.  READ MORE

8:19 AM

Buy & Sell Ideas for June 19; check top stock picks by HDFC Securities

Buy Strides Pharma (CMP: Rs 993): | Targets Rs 1090,1300 | Stop-loss Rs 947
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
8:16 AM

Time to consider profit booking in Nifty Bank, Pvt Bank? Check details

Nifty Bank Index Analysis
The Nifty Bank Index is currently trading at 50,440.90. In the near term, the index has reached its resistance level of 50,600. Until the index closes above this level, some correction or profit booking is expected either at the current market price (CMP) or on any rise. The best trading strategy would be to book profits and wait for a pullback. READ MORE

8:13 AM

ALERT :: JLR, Chery sign Letter of Intent to license Freelander brand to CJLR

8:09 AM

Japan's weak yen lifts exports, but falling volume highlights soft demand

>> Japan's weak yen sharply boosted the value of exports in May but the volume of sales shrank for the fourth consecutive month, highlighting that global demand is still relatively soft and complicating the central bank's monetary tightening path.

>> Shipments rose 13.5% year-on-year in value terms in May, driven by U.S.-bound shipments of cars and China-bound chip-making machinery, data from the Ministry of Finance (MOF) showed on Wednesday. That compared with a 13.0% increase seen by analysts in a Reuters poll and an 8.3% gain in April.

>> Exports in terms of volume, however, dipped 0.9% year-on-year in May, reflecting tepid global demand.

Source: Reuters

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First Published: Jun 19 2024 | 7:40 AM IST

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