Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine
Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day
Stock market highlights: Equity indices were range-bound on Wednesday with benchmark indices scaling fresh lifetime highs during the day. The S&P BSE Sensex ended 302 points, or 0.45 per cent, higher at 67,097 levels, while the Nifty50 shut shop at 19,833, up 84 points or 0.42 per cent.
The indices hit new record peaks of 67,171 and 19,852 in the intra-day trade.
NTPC, IndusInd Bank, Bajaj Finance, Ultratech Cement, Bajaj Finserv, ITC, SBI, BPCL, Tata Motors, Sun Pharma, and L&T were the top gainers in the large-cap space, rising between 1 per cent and 3 per cent.
Hindalco, Bajaj Auto, TCS, Maruti Suzuki, Eicher Motors, Bharti Airtel, and HUL, on the flipside, fell up to 1.2 per cent.
In the broader market, the BSE MidCap and Smallcap indices outperformed the frontline indices as they gained 0.6 per cent each.
Among sectors, the Nifty PSU Bank index climbed 2 per cent, followed by the Nifty Media index (up 1 per cent). The Nifty IT index ended flat with negative downtick.
IPO Update :: Netweb Technologies
The Rs 631-crore issue was subscribed nearly 86 times till 3:30 PM on the final day of bidding. QIB portion was subscribed the most at 216 times, followed by NII (80 times), Employees (46 times), and retail 18 times). Bidding closes at 5;00 PM today.
4:03 PM
Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days
With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday. READ MORE
4:02 PM
Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed
Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro. READ MORE
4:01 PM
IndusInd Bank gains 2%; hits highest level since Jan 2020 on healthy Q1 nos
The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months. READ MORE
3:59 PM
RIL nears record high ahead of Jio Financial demerger; up 12% so far in July
Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion. READ MORE
3:57 PM
HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts
HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent. READ MORE
3:56 PM
This defence company's stock has soared 102% in 2 weeks; posts solid Q1 nos
Shares of Premier Explosives were locked in 10 per cent upper circuit after the company's Q1FY24 profit jumped over six-fold to Rs 8.26 crore. READ MORE
3:54 PM
History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?
Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024. READ MORE
3:53 PM
Rallis India ends flat a day after Rekha Jhujhunwala offloads 5.5% stake
Tata Chemicals acquired 9.7 million shares of its subsidiary for Rs 208 crore through a bulk deal, with face value of Re 1 each at Rs 215.05 per equity share. READ MORE
3:51 PM
Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee
The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps. READ MORE
3:50 PM
Market Breadth was notably positive; 2,000 shares advanced v/s 1,400-odd declining stocks on the BSE
3:48 PM
BSE Smallcap Heatmap:: Universal Cables, TTML zoom over 10%; Network18 sheds 7%
3:47 PM
BSE Midcap Heatmap:: SJVN soars 6%; Patanjali, PolyCab soar over 4%; Bharat Forge slips
3:44 PM
Broader indices outperform; India VIX declines 1%
3:43 PM
Nifty 50 Losers:: Hindalco, Hero MotoCo, TCS slip around 1%
3:41 PM
Nifty 50 Gainers:: NTPC, Bajaj twins, IndusInd, UltraTech rally 2-3%
Topics : MARKET LIVE MARKET WRAP Asia Markets Markets Q1 results Gift Nifty S&P BSE Sensex Nifty50 Global Markets Indian stock markets stock market trading Market news MARKETS TODAY Wall Street Reliance Industries Reliance Jio IPO
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First Published: Jul 19 2023 | 7:51 AM IST