Stock Market Highlights, June 18: Sensex, Nifty end at record closing highs; pvt banks, Infy lead

Stock market Highlights today, June 18: The m-cap of all BSE listed companies settled at Rs 423 trillion or $5.24 trillion

3:58 PM

Tech View :: 'Nifty looking to move towards 23,800'

Following a strong start, the Nifty remained within a range as the index formed another day of muted movement on the daily chart. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually, it has moved up above 23,500. The trend looks positive from here, with support placed at 23,300. A fall below 23,300 might induce selling pressure. On the higher end, the index might move towards 23,800.

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

3:48 PM

Tech View :: 'Next target for Nifty Bank stands at 51,000'

The Bank Nifty index finally broke out of the resistance mark of 50,200 and managed to close above it. The bullish momentum is likely to continue, potentially driving the index higher towards the 51,000 mark. The undertone remains extremely bullish, and a buy approach is recommended with strong support at the 49,700 mark. 

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

3:46 PM

Currency check :: Rupee ends 15 paise higher vs US dollar

3:44 PM

Broader markets :: Mid, SmallCap indices gain up to 1%

3:42 PM

Sectoral trends :: Realty, private banks rise; Media stocks slip

3:41 PM

Sensex Heatmap :: 22 of 30 index stocks climb in session

3:39 PM

Closing Bell :: Nifty ends atop 23,550

3:38 PM

Closing Bell :: Sensex ends above 77,300, up over 300 pts

3:28 PM

ALERT :: LIC clarifies on report 'Mega LIC property sale to raise $6-7bn'

>> We hereby clarify that news published in the mainstream media is incorrect, LIC said in a filing

Check here

3:19 PM

Secure your future: How to build an emergency fund for financial stability

Short term: It is a smaller, more accessible fund having enough to cover an important bill. This allows quick access to cash.

 

Long term: It is savings equivalent to three to six months' worth of living expenses. Although this can seem like a daunting amount to save, it is achievable with careful planning. READ MORE

 

3:09 PM

Avanti Feeds zooms 9.5% on June 18; stock may top Rs 700-mark; details here

Avanti Feeds share price hit a fresh 52-week high of Rs 652 apiece after it soared 9.5 per cent on the BSE in Tuesday's intraday trade. The spurt was supported by healthy volumes on the counter which saw 5.88 million shares being exchanged on the BSE and NSE. READ MORE

 

3:02 PM

State-run Coal India exploring lithium assets in Argentina with US company

India and the United States said on Monday they were co-investing in a lithium resource project in South America and a rare earths deposit in Africa to diversify critical minerals supply chains. READ MORE

2:52 PM

DMart stock hits 2-year high; up 5% on stable outlook

Strong store additions will aid future revenue growth, while moderating inflation will improve discretionary demand and margins, believe analysts.READ MORE

2:42 PM

Ahead of JP Morgan's inclusion, HSBC sees $250 mn of India swap deals

The British bank, via its unit in the International Financial Services Centres Authority, carried out the so-called total return swap deals worth more than $250 million. READ MORE

2:31 PM

Nandan Denim locked in 20% upper circuit after announcing 1:10 stock split

The company's stock rose after it announced a 1:10 stock split, meaning each equity share having face value of Rs 10 each will be subdivided into ten equity shares having face value of Rs 1 each. READ MORE

2:22 PM

Shift from China? Unprecedented foreign flows entering India since 2 weeks

Indian stock markets are experiencing a record surge in foreign investment, particularly from the United States. This follows the recent election results, which appear to have instilled confidence in foreign investors. READ MORE

2:12 PM

SBI plans to raise Rs 10,000 cr via infrastructure bonds, say bankers

State Bank of India, the country's largest lender, has started discussions with market participants to raise around Rs 10,000 crore ($1.20 billion) through infrastructure bonds, two merchant bankers said on Tuesday. READ MORE

2:02 PM

Paytm shares fall 7% from day's high after over 15 mn shares change hands

Paytm share price dropped 6.8 per cent from the day's intraday high to hit a low of Rs 411.65 apiece on the BSE on Tuesday, weighed by heavy volume. READ MORE

1:52 PM

More central banks to add to their gold reserves within 12 months: Survey

More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey. READ MORE

1:45 PM

ALERT:: Asian Energy wins Rs 148 cr order; stock rallies 3%

Asian Energy Services in an exchange filing today said the company secured a Rs 148 crore contract for Coal Evacuation System at PKOCP, Manuguru Area of SCCL. The order has to be executed over a period of 18 months. READ MORE

1:37 PM

This smallcap defense stock has rallied 55% in 3 days; zoomed 87% in 9 days

The stock of aerospace & defense company hit a new high of Rs 1,388.70 has locked in 20 per cent upper circuit of the second straight day. READ MORE

1:26 PM

Budget 2024: Subsidies likely to remain same, rural funding may rise

The Budget is anticipated to be unveiled in the third week of July. The NDA 3.0 administration might strengthen specific welfare-oriented schemes, prioritising fiscal prudence. READ MORE

1:17 PM

IIFL Finance shares soar 9% as RBI completes special audit of gold loans

IIFL Finance posted a net profit after tax of Rs 373.4 crore in Q4FY24, down 10 per cent, affected by the RBI's embargo on fresh gold loans. READ MORE

1:05 PM

Taiwan alert after China's nuclear submarine surfaces in Taiwan Strait

Taiwan's defence minister said on Tuesday that they have a "grasp" of the situation after pictures appeared online of a Chinese nuclear submarine surfacing in the sensitive Taiwan Strait near Taiwanese fishermen. READ MORE

12:55 PM

ALERT:: Thomas Cook sees high demand in domestic travel; stock surges 3%

Thomas Cook India and its group company SOTC Travel has seen significant growth in Domestic Travel demand; surpassing full CY2023 domestic travel numbers in first 6 months of CY2024.

12:43 PM

JNK India hits fresh 52-week high as stock climbs 16% on 'mega' order win

The surge in stock price came after JNK India announced that it has bagged a 'mega' order from Reliance Industries Limited (RIL). READ MORE

12:30 PM

ALERT:: Surana Solar wins Rs 4 cr order; stock up 1.5%

12:21 PM

China hits Europe's pork imports after EU imposes tariffs on Chinese EVs

The Commerce Ministry didn't mention the EV tariffs when it announced Monday that it is opening an anti-dumping investigation into pork from Europe. READ MORE

12:08 PM

Bosch market cap crosses Rs 1 trillion; stock hits new high, gains 6%

Bosch has joined the elite group of companies with a market capitalisation of Rs 1 trillion after the stock price of auto ancillary company hit a new high of Rs 

34,332. READ MORE

11:55 AM

Adani Ports leads global peers in market value as cargo volumes surge

Shares of billionaire Gautam Adani’s port operator are primed for further gains after high cargo volumes made it the world’s largest transport operations and services provider by market value.  READ MORE