Markets at new high! Sensex hits 64K, ends 499 pts up; Nifty tests 19K

CLOSING BELL ON JUNE 28, 2023: The BSE Sensex hit a new all-time high at 64,050; Nifty at 19,011 and Bank Nifty at 44,508 on Wednesday.

3:58 PM

ALERT :: Markets will remain shut on Thursday on account of Bakri-Id holiday

3:57 PM

Comment :: 'Traders shouldn’t go overboard'

It turned out to be an excellent session for bulls as Nifty touched a new milestone of “19000” and gained nearly a percent. The tone was positive from the beginning which further strengthened as the day progressed. Most of the sectors contributed to the move wherein pharma, energy and auto were among the top gainers. Meanwhile, the broader indices failed to attract much traction and ended with modest gains.

 

The move shows that bulls are in control however lack of decisiveness in the banking pack at the higher level is capping the momentum. We maintain our positive view and suggest aligning positions accordingly. At the same time, traders shouldn’t go overboard and stay focused on risk management citing the possibility of intermediate volatility.

Views by:  Ajit Mishra, SVP - Technical Research, Religare Broking

3:56 PM

Comment :: 'Widespread gains lift benchmarks to new highs'

After multiple attempts, the domestic market successfully managed to sustain record high levels, thanks to the increased buying interest in heavyweight stocks. The market's bullish momentum was further supported by strong FII inflows and a narrowing current account deficit, both of which positively impacted investor sentiments. The gains were widespread, with the pharma and metal sectors leading the way as top performers, outshining other sectors.

Views by: Vinod Nair, Head of Research at Geojit Financial Service

3:54 PM

ALERT :: BSE m-cap hits Rs 294 trillion

3:53 PM

IPO Alert :: Cyient DLM subscribed 6x till 3:30 PM on day 2

3:52 PM

IPO Alert :: IdeaForge issues subscribed 43x till 3:30 PM on day 3

>> Issue to close on June 30

3:49 PM

Currency check :: Rupee ends slightly higher

3:49 PM

Buzzing stock :: HDFC Life ends 2% lower amid bulk deal

>> 0.75% equity changed hands at 2:14 PM at Rs 672 per share

3:47 PM

Buzzing stock :: IndiGo hits news record high, m-cap touched Rs 1-trn mark

3:45 PM

Buzzing stock :: Adani Enterprises surges 5%

3:44 PM

Buzzing stock :: Tata Motors hits multi-year high as Sebi okays Tata Tech IPO

3:40 PM

Broader markets :: MidCap index rises in-line with benchmarks, SmallCap index trails

3:38 PM

Sectoral trends :: Nifty Pharma index rises the most led by Gland Pharma, Glenmark

3:37 PM

Sector check :: Nifty Bank hits record high of 44,508 intra-day

3:36 PM

Sectoral trends :: All but Media index rally on Wednesday

3:35 PM

Sensex Heatmap :: 25 of 30 index stocks settle with gains; Tech M, Bajaj Finserv, M&M weigh

3:34 PM

CLOSING BELL :: Nifty ends June F&O series above 18,970; hits record high of 19,011 intra-day

3:33 PM

CLOSING BELL :: Sensex ends at record closing high of 63,915

>> Index hits intra-day high of 64,050

3:26 PM

Global Check:: UK stock futures up around 0.5%; US flat

Source: Investing.com

3:22 PM

ALERT :: IndiGo hits Rs 1-trn market cap

3:16 PM

India's rating upgrade hinges on sustainable fiscal consolidation: S&P

The RBI will not be in a hurry to cut rates until inflation risks have fully ebbed, said Vishrut Rana, senior economist, Asia-Pacific at S&P. READ MORE

3:06 PM

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality. READ MORE

2:57 PM

IdeaForge Tech IPO to close on June 30; issue subscribed 32x so far

According to IPO Watch, the shares are commanding grey market premium (GMP) of Rs 550, signaling a listing gain of 82 per cent over the upper end of the IPO price. READ MORE

2:49 PM

ALERT:: SAT stays Sebi's order restraining IIFL from taking new clients; stock down 1%

The order came after IIFL Securities, earlier known as India Infoline Ltd, filed an appeal against the order passed by the Securities and Exchange Board of India (Sebi). READ MORE

2:40 PM

ALERT:: Bank Nifty hits record high, tops 44,500

2:37 PM

Sheela Foam jumps 8% on report it may buy Kurlon Enterprise for Rs 3,250 cr

Buying out Kurlon Enterprise, which makes the Kurl-on brand of mattresses, will help Sheela Foam nearly double its market share, the report by Moneycontrol said. READ MORE

2:29 PM

ALERT:: HDFC Life sees block deal of 1.7 cr share on BSE; stock down 2%

HDFC Life sees block deal of 1.7 crore shares (0.75 per cent of the equity) on the BSE. Total volume stands at 1.75 crore shares.

2:18 PM

Sensex hits 64k, Nifty above 19k; 4 reasons for the market rally

Broader markets, too, displayed strength as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 1.1 per cent during this period. READ MORE

2:12 PM

ALERT:: TVS Motor partners with Zomato for last mile green deliveries; stock up 1%

As part of the association, 50 TVS iQube Electric scooters were provided to delivery partners onboarded on Zomato, at an event in Hyderabad through a fleet operator – Chartered Bikes Pvt Ltd x BLive, TVS Motor Company said in a release to the BSE.

2:03 PM

ALERT :: Cyient DLM IPO subscribed 5.4 times so far on Day 2