Stock Market Highlights, June 13: Sensex, Nifty end listless session with minor gains; VIX down 6%

Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)

3:54 PM

Tech View :: 'Decisive break above 23,500 to take Nifty to 23,800'

Nifty remained sideways following a gap-up start. The index has been consistently flat for the last four days, indicating a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout.

From here, a decisive move above 23,500 might lead to the covering of call writing, which could take the index higher towards 23,800. On the lower end, support is placed at 23,300, below which the index might weaken.

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

3:47 PM

Comment :: 'Seeing time-wise correction in Nifty'

We are seeing a time-wise correction in the Nifty index, with indications suggesting the current trend will continue. We reiterate our recommendation to focus on stock-specific trading, particularly in themes such as agriculture-related, sugar, chemicals, and select defense stocks for long positions

Views by: Ajit Mishra – SVP, Research, Religare Broking Ltd.

3:43 PM

Currency check :: Rupee ends flat at 83.54/$ against Wednesday’s close

3:40 PM

Broader markets :: Optimism continues in mid, smallcaps

3:39 PM

Sectoral trends :: Realty index outshines peers, rises 2%

3:38 PM

Sensex Heatmap :: 10 losers on index vs 20 gainers

3:37 PM

Closing Bell :: Nifty ends tad below 23,400

3:37 PM

Closing Bell :: Sensex ends below 77,000

3:29 PM

Shriram Finance market cap crosses Rs 1-trillion mark; stock rallies 4%

Shriram Finance is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shriram Finance Limited is one of India's largest retail asset financing NBFCs with Assets under Management (AUM) above Rs 2.24 trillion. READ MORE

3:14 PM

ALERT :: Pakka Board approves fund raise worth Rs 225 crore

3:02 PM

ALERT:: US, UK stock futures, barring Nasdaq, in red

2:52 PM

L&T share price gains after bagging large offshore order from ONGC

This came after L&T Energy, the hydrocarbon vertical of the L&T, secured a large order from the Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project, which encompasses wellhead platforms and pipelines (DUDP-WP) situated off the west coast of India. READ MORE

2:41 PM

ALERT:: Motor & General board to explore asset diversification; stock zooms 8%

Motor & General Finance in an exchange filing today said the company has authorised its board to sell, lease, transfer or otherwise dispose of undertaking in the Commercial Project of the company situated at MGF Market Place, Shcilimar Place, New Delhi. 

 

The board has also been authorised to sell, lease, transfer or otherwise dispose of undertaking in respect of property situated at in New Delhi.

2:31 PM

Sanofi India turns ex-date for healthcare biz demerger; hits 5% upper limit

Each member of Sanofi India holding 1 equity share in Sanofi India as on the Record Date i.e. June 13, 2024 shall entitled to receive 1 equity share of Sanofi Consumer Healthcare India. READ MORE

2:21 PM

India bond ETF assets grow by a third after index inclusion announcement

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs. READ MORE

2:11 PM

Venus Remedies up 8% on order win from UNICEF for bacterial infection drug

The uptick in stock price came after the company announced that it has secured an award for its antibiotic product, Ceftriaxone 1 gm, from UNICEF. READ MORE

2:00 PM

Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'

The recent share price surge came after the company in an exchange filing said that its rating has been upgraded from ‘Stable’ to ‘Positive’ by the Indian rating agency CRISIL. READ MORE

1:47 PM

ALERT:: L&T arm wins 'Large' order from ONGC; stock up 1%

Larsen & Toubro in an exchange filing today said, the company's Hydrocarbon vertical (L&T Energy) has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast.

L&T classifies 'Large' orders in the range of Rs 2,500 - Rs 5,000 crore.

1:42 PM

BREAKING :: Union Budget for FY25 to be likely tabled in third week of July, reports ANI

1:36 PM

Sugar stocks zoom up to 14% after official says govt considering price hike

According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one. READ MORE

1:26 PM

Adani Group marks $3 bn for multiple cement acquisitions in expansion bid

Adani Cement is the second-largest cement producer in India after UltraTech Cement and is looking to capture one-fifth of the domestic cement market by FY28. READ MORE

1:17 PM

This infra stock has zoomed 80% in 7 days; Quant MF acquired 1.75% stake

OM Infra hit a record high of Rs 174 on rallying 10% on the NSE in Thursday's intra-day trade. The stock has appreciated by 29 % in two days after Quant MF purchased nearly 2% stake in the company via open market deals. READ MORE

1:07 PM

Power Mech Projects shares gain 10% post block deal worth Rs 131 cr

The recent stock price surge came after the company’s 2,77,916 shares worth Rs 131.48 crore changed hands via a block deal on NSE, according to reports. The shares were transfered at Rs 4,731 a piece.  READ MORE

12:56 PM

ALERT:: GPT Infraprojects wins Rs 26 cr order; stock up 1%

GPT Infraprojects in an exchange filing today said the company has bagged an order valued at Rs 26 crore for the supply of concrete sleepers from the factory at Ladysmith.

12:48 PM

Paytm rallies 9% on partnership with Samsung; stock up 28% in one month

The recent surge in stock price came after the company on Thursday, revealed that it has partnered with Samsung to bring travel and entertainment services to Samsung wallet in India. This will allow Samsung wallet users to have seamless access to Paytm’s flight, bus, movie and events booking services, the company said in an exchange filing. READ MORE

12:38 PM

India bond market to wait for fiscal layout clarity before next rally: Citi

Investors are likely to await clarity on India's fiscal consolidation path in the forthcoming government budget before propelling the next leg of a bond market rally, a top Citi India executive said. READ MORE

12:27 PM

Arvind share price jumps 3% after workers call off strike at Santej plant

The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off. READ MORE

12:16 PM

Biden win would benefit bonds, Trump better for growth: Morgan Stanley CIO

Over the last 12 to 18 months, investors have favored high-quality large-cap stocks that have seen earnings revisions, which in turn generated alpha for these stocks. READ MORE

12:14 PM

Market Check :: Here's how indices are performing at this hour

1. BSE Sensex: 76,836.17, up 229.60 points or 0.30%
    
2. Nifty50: 23,391.35, up 68.40 or 0.29%
    
3. Nifty MidCap100: 54,558.05, up 331.95 points or 0.61%
    
4. Nifty SmallCap100: 17,858.80, up 70.50 points or 0.40%

12:07 PM

Saksoft to acquire 100% equity in Augmento Labs for Rs 100 cr; stock up 15%

In an exchange filing, Saksoft said, “We wish to inform you that the company has executed a Share Purchase Agreement (Agreement) to acquire 100 per cent equity interest in Augmento Labs Private Limited (Augmento Labs) subject to the terms and conditions set out in the Agreement.” READ MORE