Sensex ends off record high, rises 195 pts; HDFC twins gain 2%, ITC dips

Closing Bell on June 21, 2023: The benchmark S&P BSE Sensex scaled a fresh all-time high of 63,588 on the BSE in the intra-day trade on Wednesday

4:06 PM

Sensex hits all-time high: Will the winners of this rally hold momentum?

Strong macros, pause in interest rates, and a rush of foreign inflows drove the S&P BSE Sensex to an all-time high level of 63,588 in Wednesday's intra-day trade, breaching the previous peak of 63,583, touched on December 1, 2022. READ MORE

4:03 PM

COMMENT:: Markets remained volatile amid global concerns, FII selling

"Despite hitting record highs, the domestic market failed to sustain its upward trajectory due to prevailing concerns over global issues and a delayed monsoon. Furthermore, market volatility was exacerbated by consecutive days of net selling by FIIs, while mid-cap stocks maintained their steady gains. Meanwhile, in the global market, sentiments were dampened as UK CPI inflation came in hotter than expected, adversely affecting investor confidence."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:01 PM

Shriram Finance, Piramal Enterprises zoom up to 13% after huge block deals

According to media reports, Piramal Enterprises had plans to sell its entire 8.34 per cent stake in Shriram Finance via block deals on Wednesday. READ MORE

3:58 PM

HDFC Life hits 52-week high after CCI permits HDFC to increase stake

The CCI in its meeting held on June 20, 2023, has granted its approval to HDFC Limited to increase its stake in HDFC Life to more than 50 per cent. READ MORE

 

3:56 PM

Aether Industries hits record high; surges 10% on fund raising via QIP

Aether Industries on Monday, June 19, launched a QIP issue to raise up to Rs 750 crore and fixed the floor price of the issue at Rs 984.90 per share. READ MORE

 

 

3:54 PM

Lupin hits 52-week high; rallies over 5% on US FDA nod for key respiratory drug

Lupin has received US FDA nod for Tiotropium Bromide Inhalation Powder in the strength of 18 mcg per capsule. The drug is a generic equivalent of Spiriva HandiHaler, used for pulmonary patients. READ MORE

3:53 PM

Tega Industries trades at record high after 4% stake sale by promoters; up 53% since May

On June 19, Tega's promoters sold over 2.7 million equity shares, amounting to 4.1 per cent of the total equity share capital, to meet the minimum public shareholding norms. READ MORE

3:50 PM

BSE Utilities index was the top gainer, up over 1%; JSW Energy, KPI Green jump over 6%

3:48 PM

Market Breadth was neutral;244 stocks hit a fresh 52-week high on the BSE

3:46 PM

BSE Smallcap Heatmap:: Allsec Tech, Alok Textiles soar over 10%; Aptus tanks 9%

3:44 PM

BSE Midcap Heatmap:: PEL, Shriram Finance zoom over 11%; Cummins slips 2%

3:43 PM

Nifty Midcap, Smallcap indicies gain up to 0.8%; India VIX rises 1.4%

3:41 PM

Nifty 50 Losers:: JSW Steel, Hindalco, Divis Lab and M&M top charts

3:39 PM

Nifty 50 Gainers:: PowerGrid soars nearly 4%; ONGC, Adani Ports, HDFC twins rally around 2%

3:38 PM

Sensex 30 Heatmap:: 14 Gainers v/s 16 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 finishes with a gain of 40 points at 18,857

3:33 PM

CLOSING BELL:: S&P BSE benchmark hits new all-time high at 63,588; ends 195 pts higher at 63,523

3:24 PM

Residential real estate sales to grow by 8-10% in FY22-23: CRISIL study

The study included 11 large and listed, and 76 small and mid-sized residential developers; buoyant residential demand has resulted in robust sales growth in the past two fiscals. READ MORE

3:14 PM

ALERT :: UK net debt passes 100% of GDP for first time since 1961, reports Reuters

3:10 PM

Day 1 of PM Modi's US trip: From EVs to space; here's what was discussed

Apart from Elon Musk, PM Modi met Nassim Nicholas Taleb, Robert Thurman, and Neil deGrasse Tyson, among others on the first day of his US trip. READ MORE

2:58 PM

IPO ALERT:: HMA Agro subscribed 50% so far on Day 2

HMA Agro Industries IPO was subscribed 50 per cent as of 02:50 PM on Day 2 of the offer period. Non-Institutional investors portion was fully subscribed, while retail quota was subscribed up to 33 per cent.

2:51 PM

Global Check:: US, UK stock futures more or less unmoved

Source: Investing.com

2:41 PM

ALERT:: I-T survey at Shree Cement units; stock slips 2%

I-T department is conducting survey at five locations of Shree Cements in Rajasthan, reports CNBC-Tv18.

2:31 PM

Lupin hits 52-week high; rallies 7% on US FDA nod for key respiratory drug

Lupin has received US FDA nod for Tiotropium Bromide Inhalation Powder in the strength of 18 mcg per capsule. The drug is a generic equivalent of Spiriva HandiHaler, used for pulmonary patients. READ MORE

2:21 PM

ALERT:: PFC incorporates new SPV; stock up 3%

Power Finance Corporation (PFC) has incorporated a new Special Purpose Vehice (SPV) as wholly-owned subsidairy of PFC Consulting for development of Independent Transmission Projects.

2:07 PM

India to be fastest growing 5G region globally by 2028: Ericsson report

5G subscriptions in India are expected to reach about 700 million by the end of 2028 from 10 million at the end of 2022, a report released on Thursday said. At the end of the next five years, 5G will account for 57 per cent of all mobile subscriptions in India, making it the fastest-growing region for the adoption of this technology, it added. READ MORE

1:57 PM

ALERT:: Lupin gets USFDA nod for Tiotropium Bromide Powder; stock soars 6%

Lupin today announced that it has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Tiotropium Bromide Inhalation Powder.

1:46 PM

Oil rises as hawkish Fed talk expectations offset China demand worries

The congressional testimony by Powell later on Wednesday is expected to provide clues on future rate moves in the world's biggest economy. READ MORE

1:36 PM

ALERT:: Kansai Nerolac fixes July 04 as record date for bonus issue; stock up 1%

Kansai Nerolac has fixed July 04 as the Record Date for ascertaining the eligibility of shareholders for issuance of Bonus shares in the proportion of 1 (One) equity share of Re.1 each for every 2 equity shares held by the members.

1:24 PM

ALERT:: Exhicon Events inks exclusive contract with Messe Global Pune; stock soars 5%