Share Market HIGHLIGHTS: Nifty cracks below 18,700, Sensex sheds 311 pts as D-Street halts 3-day winning run
Share Market HIGHLIGHTS: The domestic equity market ended in the red on Thursday, thereby snapping a three-day rally after the US Federal Reserve on Wednesday left rates unchanged as anticipated but hinted at the possibility of more hikes later this year.
The S&P BSE Sensex ended at 62,917.63 levels, down 311 points, or 0.49 per cent while the NSE's Nifty slipped 68 points, or 0.36 per cent to close at 18,688.10 levels.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: The domestic equity market ended in the red on Thursday, thereby snapping a three-day rally after the US Federal Reserve on Wednesday left rates unchanged as anticipated but hinted at the possibility of more hikes later this year.
The S&P BSE Sensex ended at 62,917.63 levels, down 311 points, or 0.49 per cent while the NSE's Nifty slipped 68 points, or 0.36 per cent to close at 18,688.10 levels.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market HIGHLIGHTS: Nifty cracks below 18,700, Sensex sheds 311 pts as D-Street halts 3-day winning run
Nifty 50
NSE's Nifty slipped 68 points, or 0.36 per cent to close at 18,688.10 levels.
Source: NSE
Sensex
S&P BSE Sensex ended at 62,917.63 levels, down 311 points, or 0.49 per cent.
Source: BSE
Share Market HIGHLIGHTS | Hero Motocorp, Wipro, IndusInd Bank emerge as top losers in 50-scrip blue-chip basket
Hero Motocorp, Wipro, IndusInd Bank and State Bank of India are among the top losers, down nearly 4-2 per cent. On the other hand, Apollo Hospitals, Divi's Lab, Dr Reddy's and Cipla are among the top gainers in the Nifty basket, trading with gains of around 4-1 per cent.
Source: NSE
Share Market Today LIVE | Hero Motocorp shares slump after MCA investigation order
Hero MotoCorp (HEROMOTOCO) shares slump nearly four per cent to Rs 2,810 apiece on NSE. The Ministry of Corporate Affairs (MCA) has investigation orders against the auto maker, Zee Business reported quoting Bloomberg.
Share Market Today LIVE | Ashish Kacholia books profit in this computer hardware firm's stock, which has jumped 85% in a year
Shares of D-Link (India), a computer hardware and equipment company are trading at Rs 226.75, up by 0.8 per cent on NSE. D-Link's shares were in demand during Thursday’s session despite ace investor Ashish Kacholia trimming his stake in the company. Kacholia has sold 3,69,889 shares in D-Link (India) at a weighted average price of Rs 227.91 apiece on the NSE, the bulk deals data showed. The celebrity investor supposedly has booked profits in D-Link (India), as the stock has nearly doubled in the last one-year period on the exchanges. Read more
Nifty Today LIVE | HDFC twins, ICICI Bank, Infy among top draggers in Nifty basket
HDFC twins, ICICI Bank, Infy and Kotak Bank are among the top draggers in the Nifty basket at this hour. On the contrary, ITC, Dr. Reddy's, RIL and Apollo Hospitals are the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | This multi-bagger stock trades ex-date for 1:1 stock split, soars 7%
Shares of Varun Beverages – a bottling and beverage distribution company – jumped as much as 7 per cent to touch the day’s high of Rs 862.90 per share on the BSE during Thursday's session after the stock turned ex-date for split in the ratio of 1:1. Read more
Commodity Market LIVE | Jeera Futures reach record high, July contract crosses 50,000 Level
The jeera futures market has experienced a significant milestone in June 2023, with prices surpassing the 50,000 level on the National Commodity and Derivatives Exchange (NCDEX) for the first time ever and reaching a high of 50,250. Prices for the spice have climbed by nearly 140 per cent over the past year, on the back of tightened supply and heightened demand. Read more
Share Market Today LIVE | M&M launches SUV XUV700 in Australia; stock up nearly 2%
Mahindra and Mahindra shares are up nearly 2 per cent on the bourses on Thursday. The trend in stock follows after the auto major launched its flagship SUV, the XUV700, in Australia. Given the strategic importance of the market, the introduction of the XUV700 in Australia marks the company's ambitious global expansion strategy and signifies the beginning of a new phase for the brand in the country, Mahindra & Mahindra (M&M) said in a statement. The stock trades at Rs 1,402.45 on NSE.
Source: NSE
Share Market Today LIVE | Tata Chemicals slips 2% after Morgan Stanley downgrades the stock to 'equalweight'
Shares of Tata Chemicals, a Tata group company, are down nearly 2 per cent, recording a day’s low of Rs 959.35 apiece after global brokerage Morgan Stanley downgraded the stock and cut its target by 23 per cent. The brokerage has raised concerns after Tata Chemicals cut its soda ash prices.
According to the brokerage, the soda ash fundamentals are likely to soften as new capacity ramps up. Morgan Stanley has further said that deflationary energy prices are hurting low-cost producers and should drive a significant earnings downgrade cycle. Read more
Share Market Today LIVE | Maruti Suzuki, Jubilant FoodWorks, Petronet LNG, MGL, Zydus Life among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Sandeep Wagle and Dharmesh Kant share their top recommendations for the day in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as Maruti Suzuki, Jubilant FoodWorks, Petronet LNG, Sudarshan Chemical Industries, Mahanagar Gas, Zydus Lifesciences and Aarti Industries. Read more
Share Market LIVE Updates: Ajay Bagga on US Fed decision
The market veteran Ajay Bagga believes the rate hike season is done and expects 25 basis points hike is possible in September. The US Fed had to stay hawkish because inflation is near 4 per cent and the target is 2 per cent.
US Fed Chair Jerome Powell portrayed confusion in his statement with words ‘skip’ and ‘pause’. One should look at the actions – the US fed increased the rates by 75 basis points and then by 50 basis points and by 25 basis points, eventually they have ‘paused it now’.
The market expert believes everything is balanced, action dovish, however, commentary was hawkish during the June policy. The difference between action and speech raises question on credibility, Bagga said while speaking to Zee Business Managing Editor Anil Singhvi.
Share Market LIVE Updates: Anil Singhvi Strategy
Zee Business Managing Editor Anil Singhvi shares his strategy for the June 14 session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.
#MarketStrategy | निफ्टी और बैंक निफ्टी पर अनिल सिंघवी की दमदार स्ट्रैटेजी #Nifty #BankNifty@AnilSinghvi_ | #ZeeBusiness | #StockMarket | #StockMarketindia https://t.co/wi8zZadL1Y
— Zee Business (@ZeeBusiness) June 15, 2023
Share Market LIVE Updates: Global Markets Update
- US markets ended on a mixed note, after the Federal Reserve skipped a rate hike at its FOMC meeting, but signaled two more rate hikes may still be in store later this year.
- Currently, Dow Fut is trading -0.07 per cent lower (23 points down).
- European indices yesterday – gained around 0.5 per cent, ahead of the expected rate pause announcement by US Fed.
- Most of the Asian markets are trading mixed.
Share Market LIVE Updates: Traders' Dairy
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Thursday. Check out which stocks are on analysts Kushal Gupta and Varun Dubey's radar, and what they recommend in cash and derivative segments.
#TradersDiary | ट्रेडर्स के लिए बेहतरीन कैश, फ्यूचर, ऑप्शन और टेक्नो PICK...
इन्वेस्टर्स के लिए शानदार फंडा और इन्वेस्टमेंट PICK...
और खबरों के दम पर एक्शन दिखाने वाले शेयर...#StocksToBuy #StocksToTrade #Stockstosell@KushalGupta44 @VarunDubey85 https://t.co/ZcuDWLli9H
— Zee Business (@ZeeBusiness) June 15, 2023