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

3:53 PM

Tech View :: What are the next targets on Nifty?

Nifty witnessed another lackluster day; in fact, the index remained very range-bound, staying broadly within 23,450 and 23,650. Sentiment continues to favor short-term bullish trades as the index sustained above the 55 exponential moving average (EMA) on the hourly chart.

The short-term trend remains strong, and any dips towards the 55-hour EMA, which is currently pegged at 23,340, might get bought into. On the higher end, in the short term, the index might move towards 23,800 and beyond.

Views by:  Rupak De, Senior Technical Analyst, LKP Securities

 

3:49 PM

Tech View :: 'Nifty Bank remains buy-on-dips opportunity'

The Bank Nifty index continued its strong momentum post-breakout and approached the mark of 52,000. The strong momentum is likely to continue, with immediate support at the 51,000-50,900 zone. The index remains in a buy mode, and dips should be bought aggressively for targets of 52,100-52,600.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

3:48 PM

Currency check :: Rupee ends 4 paise weaker at 83.45/$

3:46 PM

Broader markets :: BSE MidCap slips nearly 1%, SmallCap 0.6%

3:44 PM

Sector check :: Financials, IT stocks hold gains; Realty slips

3:43 PM

Sensex Heatmap :: Private banks support benchmarks; Axis Bank up 3%; RIL down 1.5%

3:41 PM

Closing Bell :: Nifty ends in the red, holds 23,500

3:40 PM

Closing Bell :: Sensex sharply off highs in fag end

3:29 PM

Axis Bank buys additional stake in Max Life Insurance for Rs 336 crore

Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index. READ MORE

3:20 PM

Vodafone Idea surges 6% from day's low; stock nears 52-week high

Last week, India's third-largest telecom operator Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore worth of shares, respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024. READ MORE

3:08 PM

Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV

A notable shift in the UV and SUV segment was that the volume increased by 23 per cent and price by 16 per cent leading to overall value increase by 39 per cent last fiscal year. READ MORE

2:59 PM

ALERT:: US, UK stock futures trade on a listless note

Source: Investing.com

2:50 PM

Fertiliser shares rally up to 12%; RCF, Chambal, Coromandel hit 52-wk highs

Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the GoI's continued policy-level support to the industry by way of the healthy subsidy budget. READ MORE

2:40 PM

ALERT:: Bank Nifty zooms to new high, up nearly 3%

2:31 PM

Exicom Tele Systems zooms 10% on pact with German EV charging firm

Shares of Exicom Tele Systems soared 9.7 per cent, hitting its 52-week high at Rs 361.70 per share on the NSE, in Wednesday’s intraday trade. This came after electronic vehicle (EV) charger manufacturer today announced that it has entered into strategic partnership with Berlin based EV interoperability player, Hubject.  READ MORE