Share Market HIGHLIGHTS: Nifty reclaims 18,800, extends gains to 2nd straight day; Sensex leaps 446 pts
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex secured sharp gains on Tuesday buying across sectors, driven by strength in the financial basket. Equities in other Asian markets staged mixed moves as caution persisted about the prospect of more of aggressive hikes in benchmark interest rates to tame red-hot inflation.
HDFC Life, Apollo Hospitals, SBI, JSW Steel, SBI Life, Axis Bank and HDFC Bank, finishing the day around 1-5 per cent higher, rose the most among the 34 gainers in the Nifty 50 basket of blue-chip stocks. On the other hand, Cipla, Britannia, Tata Consumer, Adani Ports, UPL, Adani Enterprices and Dr Reddy's, declining between 0.4 per cent and 1.1 per cent at the close, were the top laggards.
The HDFC twins, ICICI Bank, Axis Bank and SBI were the top contributors to the gain in the 30-scrip gauge.
Overall market breadth favoured the bulls, with an advance-decline ratio of 7:5 on BSE as 2,019 stocks rose and 1,472 fell on BSE.
Catch highlights of all the action in the Indian share market on June 27, 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: Indian equity benchmarks Nifty 50 and Sensex secured sharp gains on Tuesday buying across sectors, driven by strength in the financial basket. Equities in other Asian markets staged mixed moves as caution persisted about the prospect of more of aggressive hikes in benchmark interest rates to tame red-hot inflation.
HDFC Life, Apollo Hospitals, SBI, JSW Steel, SBI Life, Axis Bank and HDFC Bank, finishing the day around 1-5 per cent higher, rose the most among the 34 gainers in the Nifty 50 basket of blue-chip stocks. On the other hand, Cipla, Britannia, Tata Consumer, Adani Ports, UPL, Adani Enterprices and Dr Reddy's, declining between 0.4 per cent and 1.1 per cent at the close, were the top laggards.
The HDFC twins, ICICI Bank, Axis Bank and SBI were the top contributors to the gain in the 30-scrip gauge.
Overall market breadth favoured the bulls, with an advance-decline ratio of 7:5 on BSE as 2,019 stocks rose and 1,472 fell on BSE.
Catch highlights of all the action in the Indian share market on June 27, 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 Today | Nifty leaps to 18,817, rises for 2nd straight day; Sensex gains 446 pts to end at 63,416
Both headline indices finish the day 0.7 per cent higher. The Nifty rises 126.2 points to settle at 18,817.4, and the Sensex finishes at 63,416, up 446 points from its previous close.
Nifty
Sensex
Images: NSE, BSE
Share Market Today LIVE | All 12 Nifty Bank stocks in green; SBI, Federal Bank, Axis Bank, HDFC Bank top gainers
| Stock | CMP | Change (%) |
| SBIN | 567.7 | 1.91 |
| FEDERALBNK | 123.1 | 1.48 |
| AXISBANK | 974.4 | 1.44 |
| HDFCBANK | 1,658.50 | 1.4 |
| PNB | 50.9 | 1.19 |
| ICICIBANK | 938.45 | 1.19 |
| KOTAKBANK | 1,843.65 | 1.14 |
| AUBANK | 750.45 | 0.68 |
| BANDHANBNK | 238 | 0.61 |
| IDFCFIRSTB | 78.15 | 0.51 |
| INDUSINDBK | 1,318.00 | 0.22 |
| BANKBARODA | 190.9 | 0.08 |
NIFTY BANK WITHIN 65 PTS OF ALL-TIME HIGH
Share Market Tips LIVE | Buy HBL Power, Sanghvi Movers shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying HBL Power shares for a target of Rs 170 with a stop loss at Rs 149. Besides, he recommends buying Sanghvi Movers shares for a target of Rs 495 with a stop loss at Rs 465.
Share Market Today LIVE | HDFC-HDFC Bank merger to be effective from July 1
HDFC-HDFC Bank merger to be effective from July 1. The board will meet on June 30. HDFC shares will go off the market effective July 13.
Both HDFC Bank and HDFC rise 2% following the announcement. HDFC Bank shares trade at 1,663.85, up by 1.76 per cent whereas HDFC shares trade at 2,770.25, up by 1.84 per cent on NSE.
Share Market Today LIVE | Hindustan Aeronautics board approves stock split; check details
The board of Hindustan Aeronautics (HAL) on Tuesday, June 27, approved the sub-division of equity shares. In its regulatory filing, the company said its board has agreed to the sub-division or stock split of the existing 1 equity share of the face value of Rs 10 each fully paid up into 2 Equity Shares of Rs 5 each fully paid up. The Record Date for the purpose of the sub-division of equity shares shall be Friday, September 29, 2023, if the sub-division is approved by the shareholders at the AGM, the filing added. HAL stock trades at Rs 3,678, down by Rs 23.05 or 0.62 per cent after the board meeting. Read more
Share Market Today LIVE | Gujarat Pipavav Port, HDFC Life, Metropolis Healthcare rise most among almost 288 gainers in BSE 500 universe
On the other hand, Supreme Petrochem, Eclerx Services and Alok Industries were the worst hit among the 208 laggards.
Source: BSE
EXCLUSIVE | Zerodha co-founder Nithin Kamath: It's difficult to build broking business without technology
There is a bullish momentum in India currently, but making money is still difficult, said Nithin Kamath, co-founder of broking firm Zerodha, in an exclusive interaction with Zee Business' Managing Editor Anil Singhvi. Kamath further said that Zerodha's business depends on Nifty returns, and they have never resorted to any shortcuts in their business. Kamath added that Zerodha receives orders worth Rs 1 crore every day and said it's difficult to build a broking business without technology. Zerodha can use artificial intelligence (AI) in customer support going forward, Kamath said. The Bengaluru-based entrepreneur added that they adapt their business in accordance with the change in regulations. Read more
Share Market Today LIVE | Hasty deal? Axis Bank, SBI meet today to consider bid for Maharashtra power company by a little-known ARC, say sources
Can Axis Bank and State Bank of India's haste to sell a power plant in Maharashtra to a little-known asset reconstruction company (ARC) run into regulatory hurdles? A bid by Chartered Finance Management (CFM) ARC for Vidarbha Industries Power Ltd (VIPL), which has a 600 mv coal-based power plant near Nagpur, is under the consideration of Axis Bank and SBI, the lenders to the power company. Read more
Share Market Today LIVE | Overall market breadth in favour of the bulls
The market breadth on BSE stands at 8:5, as 2,087 stocks are up and 1,287 down at this hour.
Share Market Today LIVE | Dr Reddy's, Lupin, Coforge, Can Fin Homes, Angel One touch 52-week highs
As many as 18 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone:
| Stock | CMP | 52-week high | Previous 52-week high |
| ABCAPITAL | 188.5 | 188.75 | 183.50 (21 Jun 2023) |
| ANGELONE | 1,720.00 | 1,725.00 | 1,700.00 (26 Jun 2023) |
| APARINDS | 3,400.30 | 3,421.70 | 3,360.00 (26 Jun 2023) |
| CANFINHOME | 774.95 | 776.2 | 765.00 (19 Jun 2023) |
| COFORGE | 4,650.50 | 4,689.65 | 4,678.00 (21 Jun 2023) |
| DRREDDY | 5,061.30 | 5,087.40 | 5,074.65 (26 Jun 2023) |
| GPPL | 124.05 | 127.8 | 120.25 (05 Apr 2023) |
| INDIGO | 2,525.65 | 2,546.05 | 2,507.95 (23 Jun 2023) |
| JKCEMENT | 3,414.05 | 3,451.50 | 3,450.00 (21 Jun 2023) |
| LUPIN | 885.85 | 889.9 | 885.00 (21 Jun 2023) |
| MUTHOOTFIN | 1,232.55 | 1,243.10 | 1,242.15 (22 Jun 2023) |
| POLICYBZR | 720 | 731.65 | 708.00 (26 Jun 2023) |
| SAREGAMA | 419.3 | 444 | 440.00 (30 Aug 2022) |
| SHYAMMETL | 367.75 | 368.15 | 355.95 (22 Jun 2023) |
| TORNTPHARM | 1,877.50 | 1,893.55 | 1,886.25 (31 May 2023) |
| TRENT | 1,745.65 | 1,773.95 | 1,761.00 (26 Jun 2023) |
| VGUARD | 285.1 | 288 | 277.50 (26 Jun 2023) |
| ZYDUSLIFE | 570.65 | 570.9 | 564.50 (21 Jun 2023) |
Stock Market Holiday | Stock market to remain closed on Thursday, June 29 instead of Wednesday
The domestic stock exchanges, BSE and NSE, will remain closed on Thursday, June 29, on account of Bakra Eid (Eid al-Adha). Earlier, it was reported that the market would be closed on Wednesday, June 28. Read more
Nifty Today LIVE | Bharti Airtel, Infy, HDFC Bank among top movers
Bharti Airtel, Infy, HDFC Bank and Axis Bank are the top movers in Nifty baskets at this hour. On the contrary, ITC, Bajaj Finance, Titan and HUL are among the top draggers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | HDFC Bank, DLF, Dabur among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Kunal Shah, Sandeep Jain and Sumeet Bagadia 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 Delta Corp, PCBL, Alkem Laboratories, Lupin, HDFC, HDFC Bank, Dabur, DLF, Navin Flourine shares and Bata India. Read more