Sensex Today Live Updates : European stock futures are pointing to a weak opening after Asian markets were dragged down by selling in Japan ahead of Friday’s central bank policy decision. The dollar rose versus most of its major peers.
Euro Stoxx 50 contracts slipped 0.3% as the Topix dropped for a third day on concern the Bank of Japan will cut back on bond purchases at its two-day meeting. Other Asian markets performed better, with stocks gaining in Australia, Hong Kong and South Korea following a rally in their US peers Wednesday when cooling inflation offset a hawkish Federal Reserve policy decision.
US shares and Treasuries had rallied after a report showed the core consumer price index fell to the lowest in more than three years. Later, the Federal Reserve penciled in just one quarter point interest-rate cut this year, down from three seen in March.
“Given that there are clear signs that data is softening, markets will continue to expect the Fed to cut rates sooner, and that can support Asian markets,” said Charu Chanana, a strategist at Saxo Capital Markets. “The market is discounting the Fed’s cautious stance given it seems to come because of the dovish pivot earlier that proved premature.”
South Korea’s stock benchmark rose as much as 1.8%, heading for its highest close since February 2022. The government said it will consider changes to its short-selling rules Thursday as part of ongoing discussions on when to lift the ban on the trading strategy.
Chinese electric-vehicle maker stocks mostly gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with the market’s expectations.
Financial firms were some of the heaviest drags on Japan’s Topix ahead of the BOJ decision Friday, where policymakers are expected to consider reducing bond purchases. Japanese investors sold the largest amount of foreign debt in nine years last week amid a shift in global central bank policy.
“There has been a slight decrease in the long-term yields in Japan,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. “As a result, insurance, banking and other financial companies are lower, and it seems that banks in particular, with their large market capitalization, are weighing down the Topix.”
The change in the Fed rate outlook after Wednesday’s decision showed up most in Treasuries and the dollar. Bloomberg’s dollar index rose 0.1% Thursday after falling 0.2% the previous day.
Individual Fed officials’ views on the best path forward for borrowing costs differed. The Fed’s “dot plot” showed four policymakers saw no cuts this year, while seven anticipated just one reduction and eight expected two cuts.
“These ‘dot plot’ projections likely don’t account for the latest May inflation data, which were softer than expected and reversed some of the heat we saw in the first quarter,” said Sonu Varghese at Carson Group. “We still think the odds are high for two rate cuts in 2024 if the disinflation process continues, as we expect.”
Powell said the officials welcomed the latest inflation figures, adding that he hopes for more reports like that. He said Wednesday’s figures had helped build their confidence on the trajectory of inflation but not enough to warrant rate cuts at this time.
In commodities, oil edged lower after a three-day advance as investors weighed an unexpected build in US crude stockpiles and the higher-for-longer Fed rate outlook. Gold declined.
13 Jun 2024, 02:01:40 PM IST
Sensex Today Live : 2 pm market update
Sensex Today Live : Indian benchmark indices gained on Thursday, on the back of strong cues from global markets driven higher by lower inflation reading in the US.
At 2 pm, Sensex was up 275.28 points, or 0.36%, at 76,881.85 and Nifty was up 82.85 points, or 0.36%, at 23,405.80.
13 Jun 2024, 01:53:36 PM IST
Sensex Today Live : Integra Essentia bags fresh orders worth ₹21 crore for its agro and infra business segments; shares up more than 4%
Sensex Today Live : Integra Essentia today announced the receipt of significant fresh orders for its Agro and Infrastructure business segments with a total aggregate value of ₹21 crore.
In the Infra business, the company has secured orders for High-Tensile TOR Steel, while in the Agro segment, it has received orders from regular customers including Sarveshwar Foods and Sarveshwar Overseas.
INTEGRA ESSENTIA
0.000.00 (0.00%)
Updated –
0.00
DAY HIGH
0.00
DAY LOW
0.00
VOLUME (BSE)
13 Jun 2024, 01:29:31 PM IST
Sensex Today Live : Sai Silks (Kalamandir) set to inaugarate its 61st store in Salem, Tamil Nadu on 14 June
Sensex Today Live : Sai Silks (Kalamandir) today announced that it will inaugarate its 61st store in the format of Kanchipuram Varamahalakshmi Silks, on 14 June in Salem, Tamil Nadu.
13 Jun 2024, 01:23:47 PM IST
Sensex Today Live : Aurionpro Solutions’ subsidiary gets final approval from the RBI to operate as an online payment aggregator; shares up more than 4%
Sensex Today Live : Aurionpro Solutions today announced that its subsidiary Aurionpro Payment Solutions has received the final approval from the Reserve Bank of India to operate as an online payment aggregator.
The company, in an exchange filing, said, “We are pleased to inform that the Reserve Bank of India (“RBI”) has granted final authorization to Aurionpro Payment Solutions Private Limited (Aurionpro Payments), a Wholly-Owned Subsidiary of the Company to operate as an Online Payment Aggregator under the Payment and Settlements Systems Act, 2007″.
AURIONPRO SOLUTIONS
2,628.0084.20 (3.31%)
Updated – 13 Jun 2024
2670.95
DAY HIGH
2465.00
DAY LOW
8,467.00
VOLUME (BSE)
13 Jun 2024, 01:06:39 PM IST
Sensex Today Live : Larsen & Toubro wins large offshore order from ONGC worth between ₹2,500 crore to ₹5,000 crore
Sensex Today Live : Larsen & Toubro today announced that its hydrocarbon vertical (L&T Energy) has secured an order from the Oil & Natural Gas Corporation (ONGC) worth between ₹2,500 crore to ₹5,000 crore.
The company, in an exchange filing, said the project is “for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast”.
The scope of work includes engineering, procurement, construction, installation, and commissioning of four Wellhead Platforms, 140-km Pipeline and associated Topside modifications at Tapti Daman block at a Western offshore location, it added.
LARSEN & TOUBRO
3,700.4071.05 (1.96%)
Updated – 13 Jun 2024
3716.80
DAY HIGH
3637.00
DAY LOW
56,287.00
VOLUME (BSE)
13 Jun 2024, 01:02:58 PM IST
Sensex Today Live : 1 pm market update
Sensex Today Live : Indian benchmark indices gained on Thursday, on the back of strong cues from global markets driven higher by lower inflation reading in the US.
At 1 pm, Sensex was up 271.04 points, or 0.35%, at 76,877.61 and Nifty was up 77.45 points, or 0.33%, at 23,400.40.
13 Jun 2024, 12:56:12 PM IST
Sensex Today Live : Mahindra & Mahindra Finance partners with Kotak Mahindra Life Insurance to sell life insurance to its customers
Sensex Today Live : Kotak Mahindra Life Insurance today announced its corporate agency partnership with Mahindra & Mahindra Financial Services to offer life insurance products to M&M Finance’s customers.
The partnership will benefit over 10 million customers of Mahindra Finance by offering a wide range of tailor-made life insurance solutions provided by Kotak Life, the company said in its exchange filing.
MAHINDRA & MAHINDRA FINANCIAL
291.501.50 (0.52%)
Updated – 13 Jun 2024
296.35
DAY HIGH
288.15
DAY LOW
1,93,917.00
VOLUME (BSE)
13 Jun 2024, 12:25:48 PM IST
Sensex Today Live : Computer Age Management Services subsidiary CAMSRep launches insurance portfolio management portal Bima Central
Sensex Today Live : Computer Age Management Services today announced that its wholly owned subsidiary CAMSRep has launched, Bima Central, a one-stop platform to simplify insurance portfolio management.
Bima Central allows users to manage Life, Health, and Motor policies through their secure eInsurance Account (eIA). Any policyholder who has opened their eIA with CAMSRep will get access to Bima Central for managing their policies with various insurers, with features such as simplified policy information, renewals & reminders, profile management of personal data and nominee information, policy calendar, and more, the company said in an exchange filing.
Those who want to open their new eInsurance Account (eIA) will also be able to do so instantly on Bima Central after completing KYC, the company added.
Currently, the portal is available in English and Hindi on Android, iOS as well as web, it added.
COMPUTER AGE MANAGEMENT SERVICES
3,618.60-3.25 (-0.09%)
Updated – 13 Jun 2024
3680.00
DAY HIGH
3578.00
DAY LOW
11,236.00
VOLUME (BSE)
13 Jun 2024, 12:16:04 PM IST
Sensex Today Live : Sector Indices Heat Map
Sensex Today Live : Across sectors, the media, FMCG, PSU bank, private bank, and metal indices were in the red, while the realty, consumer durables and IT indices were the top sectoral gainers.
13 Jun 2024, 12:08:43 PM IST
Sensex Today Live : Broader market indices heat map
Sensex Today Live : The borader market was trading in the green, with the BSE SmallCap gaining 0.60% and the BSE MidCap climbing 0.62%.
13 Jun 2024, 12:07:17 PM IST
Sensex Today Live : Gainers and Losers on Nifty
Sensex Today Live : 21 of the 30 stocks on the Nifty 50 were trading in the red. Eicher Motors, Hindustan Unilever, Tata Consumer Products, Britannia Industries, and Power Grid Corp., were the top drags, while HDFC Life, Divi’s Laboratories, Shriram Finance, LTIMindtree, and Larsen & Toubro were the top gainers.
13 Jun 2024, 12:05:24 PM IST
Sensex Today Live : Gainers and Losers on Sensex
Sensex Today Live : 10 of the 30 stocks on the BSE Sensex were trading in the red. Hindustan Unilever, Power Grid Corp., NTPC, Tata Steel, and Maruti Suzuki India, were the top drags, while Larsen & Toubro, Titan, TCS, Wipro, and Tech Mahindra, were the top gainers.
13 Jun 2024, 12:01:29 PM IST
Sensex Today Live : 12 pm market update
Sensex Today Live : Indian benchmark indices gained on Thursday, on the back of strong cues from global markets driven higher by lower inflation reading in the US.
At 12 pm, Sensex was up 252.98 points, or 0.33%, at 76,859.55 and Nifty was up 73.55 points, or 0.32%, at 23,396.50.
13 Jun 2024, 11:53:56 AM IST
Sensex Today Live : GPT Infraprojects bags ₹26 crore order from Transnet Freight Rail, South Africa to supply concrete sleepers; shares gain
Sensex Today Live : GPT Infraprojects today announced that it has bagged a ₹26 crore order from Transnet Freight Rail, South Africa, to supply concrete sleepers.
GPT INFRAPROJECTS
253.001.50 (0.60%)
Updated – 13 Jun 2024
254.95
DAY HIGH
249.50
DAY LOW
7,404.00
VOLUME (BSE)
13 Jun 2024, 11:47:28 AM IST
Sensex Today Live : Bondada Engineering bags ₹939.4 crore order from NLC India; shares frozen at 5% upper circuit
Sensex Today Live : Bondada Engineering today announced that it has received a letter of award for work order from NLC India for setting up 600MW Grid Connected Solar Power Poject for an amount of ₹939.4 crore.
13 Jun 2024, 11:18:31 AM IST
Sensex Today Live : Shanker Sharma, Co-founder of PMS First Global highlighted an interesting trend of how much markets gained after the formation of a coalition government in a post on X (formerly twitter)
Sensex Today Live : In the post, Sharma showed how Sensex moved up by 1%, one week after the formation of the government, while it moved 2.5% and 6.5% after the formation of governments in 2019 and 2024, respectively.
13 Jun 2024, 11:07:35 AM IST
Sensex Today Live : Strike called off at Arvind’s Santej, Gujarat plant; company estimates potential revenue loss of around ₹180-200 crore; shares gain slightly
Sensex Today Live : Arvind today announced that the strike by workers at its Santej plant has been called off after the Labour Court declared it illegal.
The company, in an exchange filing, said, “We wish to inform that the strike has been called off by the workers and operations of the company at Santej Plant which were partially impacted due to strike are getting to normalcy”.
“The company has estimated potential loss of revenue of around ₹180-200 crores (about 2% of consolidated revenue of FY24) and reduction in EBIDTA of about ₹60-65 crore (about 7% of consolidated EBIDTA of FY24),” it added.
ARVIND
379.853.95 (1.05%)
Updated – 13 Jun 2024
389.00
DAY HIGH
376.45
DAY LOW
1,03,731.00
VOLUME (BSE)
13 Jun 2024, 11:02:33 AM IST
Sensex Today Live : 11 am market update
Sensex Today Live : Indian benchmark indices opened in the green on Monday, following strong cues from global markets driven higher by lower inflation reading in the US.
At 11 am, Sensex was up 199.65 points, or 0.26%, at 76,806.22 and Nifty was up 54.75 points, or 0.23%, at 23,377.70.
13 Jun 2024, 10:57:28 AM IST
Sensex Today Live : Amber Enterprises India acquires 4.6% additional stake in IL JIN Electronics (India) for ₹33.23 crore
Sensex Today Live : Amber Enterprises India today announced that it has increased its stake in IL JIN Electronics (India) by acquiring a 4.6% stake in the company from existing shareholder Hyun Chul Sim, for a total consideration of ₹33.23 crore.
The company, in an exchange filing, said, “We are hereby intimating that the Company i.e. Amber Enterprises India Limited has acquired additional 4.6% Equity Stake in IL JIN Electronics (India) Private Limited, from existing shareholder of IL JIN, Mr. Hyun Chul Sim, on 12 June 2024”.
The acquisition has been done to increase the company’s stake in the IL JIN Electronics, Amber added.
13 Jun 2024, 10:50:58 AM IST
Sensex Today Live : Saksoft to acquire Augmento Labs for ₹100 crore; shares jump 13%
Sensex Today Live : Saksoft today announced that it has entered into a share purchase agreement to acquire 100% equity in Augmento Labs, for a total consideration of ₹100 crore.
In an exchange filing, the company said, “We wish to inform that the Company has executed a Share Purchase Agreement to acquire 100% equity interest in Augmento Labs Private Limited subject to the terms and conditions set out in the Agreement”.
Augmento Labs will become a wholly owned subsidiary of Saksoft on closure of the transaction, the company added.
SAKSOFT
295.1534.65 (13.30%)
Updated – 13 Jun 2024
305.00
DAY HIGH
268.80
DAY LOW
2,57,545.00
VOLUME (BSE)
13 Jun 2024, 10:35:33 AM IST
Sensex Today Live : AGS Transact’s subsidiary Securevalue launches new cash processing and vault facility in Bengaluru, Karnataka; shares gain
Sensex Today Live : AGS Transact Technologies today announced that its wholly-owned cash management subsidiary Securevalue India has set up a new cash vault facility in Bengaluru, Karnataka.
This facility will offer world class cash processing and vault services, the company said in an exchange filing. The addition of this new cash vault facility is expected to further enhance company’s cash management operations across Karnataka, it added.
SVIL’s new cash vault facility is spread over an area of 14,000 square feet. It is equipped with top notch security features, including 24×7 CCTV monitoring, intrusion systems with motion sensors, firealarm systems, interlocking systems and other advanced access control systems to ensure highest level of security for the stored cash, the company said.
OMNIPOTENT INDUSTRIES
10.58-0.01 (-0.09%)
Updated – 13 JUN 2024
10.59
DAY HIGH
10.00
DAY LOW
20,000.00
VOLUME (BSE)
13 Jun 2024, 10:31:10 AM IST
Sensex Today Live : Venus Remedies secures UNICEF order for Ceftriaxone; shares gain more than 5%
Sensex Today Live : Venus Remedies today announced that it has received an order from UNICEF for its antibiotic product, Ceftriaxone 1gm.
This follows the company earlier receiving the Good Manufacturing Practices (GMP) approval from UNICEF.
VENUS REMEDIES]
380.1525.00 (7.04%)
Updated – 13 Jun 2024
384.95
DAY HIGH
359.50
DAY LOW
56,071.00
VOLUME (BSE)
13 Jun 2024, 10:16:40 AM IST
Sensex Today Live : GMR Airports Infrastructure gets approval to merge GMR Airports and GMR Infra Developers into itself
Sensex Today Live : GMR Airports Infrastructure today announced that it has received approval gets from NCLT to GMR Airports and GMR Infra Developers into itself.
In an exchange filing, the company said, “Merger of GMR Airports Limited (GAL) and GMR Infra Developers Limited (GIDL) into GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL), in terms of a Composite Scheme of Amalgamation and Arrangement amongst the said parties. In terms of the Scheme, as approved by the Hon’ble NCLT: GAL, the existing Airport Platform unlisted entity, will in a step approach merge with GIDL and the merged GIDL would merge into GIL, the listed company. GIL will continue as the listed public entity”.
GMR AIRPORTS INFRASTRUCTURE
91.371.28 (1.42%)
Updated – 13 Jun 2024
92.51
DAY HIGH
89.36
DAY LOW
15,15,300.00
VOLUME (BSE)
13 Jun 2024, 10:02:09 AM IST
Sensex Today Live : 10 am market update
Sensex Today Live : Indian benchmark indices opened in the green on Monday, following strong cues from global markets driven higher by lower inflation reading in the US.
At 10 am, Sensex was up 272.52 points, or 0.36%, at 76,879.09 and Nifty was up 73.15 points, or 0.31%, at 23,396.10.
13 Jun 2024, 09:55:38 AM IST
Sensex Today Live : Green Motion International selects RateGain as its preferred revenue management partner
Sensex Today Live : RateGain Travel Technologies announced today that Green Motion International (Green Motion), a pioneering car rental company in eco-friendly transportation, has selected RateGain as its preferred revenue management partner for its franchisee network spread across 650 locations in 73 countries worldwide.
Green Motion franchisees will now be able to track demand and utilization, spikes in city locations, to discover the correct rate for their fleet, and change them based on AI/ML optimization, making it hassle-free and reducing hours of effort, the company said in an exchange filing.
CE INFO SYSTEMS
1,970.45-10.40 (-0.53%)
Updated – 13 Jun 2024
2010.05
DAY HIGH
1967.00
DAY LOW
6,692.00
VOLUME (BSE)
13 Jun 2024, 09:44:29 AM IST
Sensex Today Live : Samsung partners with Paytm to integrate travel and entertainment services to Samsung Wallet in India; shares gain more than 4%
Sensex Today Live : Paytm today announced that Samsung has launched flight, bus, movies and events ticket bookings on Samsung Wallet, in partnership with One 97 Communications that owns the Paytm brand.
The partnership aims to offer a seamless, integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm.
With this partnership, Galaxy smartphone users will now have seamless access to Paytm’s suite of services, including flights and bus bookings, movie ticket purchases, and event bookings, all integrated within the Samsung Wallet, the company said in an exchange filing.
ONE 97 COMMUNICATIONS
420.0017.35 (4.31%)
Updated – 13 Jun 2024
438.95
DAY HIGH
405.30
DAY LOW
19,68,282.00
VOLUME (BSE)
13 Jun 2024, 09:38:22 AM IST
Sensex Today Live : Sector Indices Heat Map
Sensex Today Live : Barring Media, FMCG, and Oil & Gas, all other sectoral indices were trading in the green.
Among the gainers were the Realty and IT indices, followed by Metal, Consumer Durables, Financial Services and Bank indices.
13 Jun 2024, 09:33:32 AM IST
Sensex Today Live : Broader market indices heat map
Sensex Today Live : The broader market was trading in the green, with the BSE SmallCap gaining 0.47% and the BSE MidCap climbing 0.42%.
13 Jun 2024, 09:32:12 AM IST
Sensex Today Live : Gainers and Losers on Nifty
Sensex Today Live : 10 out of the 50 stocks on the Nifty 50 were trading in the red. Hindustan Unilever, Britannia Industries, Tata Consumer Products, Coal India, and Cipla, were the top drags, while HDFC Life, Divi’s Laboratories, LTIMindtree, Wipro, and Shriram Finance, were the top gainers.
13 Jun 2024, 09:30:02 AM IST
Sensex Today Live : Gainers and Losers on Sensex
Sensex Today Live : Only one stock, Hindustan Unilever, out of the 30 on the BSE Sensex, was trading in the red, while Nestle India, Wipro, Bajaj Finance, Tech Mahindra, and HCLTech, were the top gainers.
13 Jun 2024, 09:23:26 AM IST
Sensex Today Live : Sobha shares climb more than 4% after company approves ₹2,000 crore fund raise
Sensex Today Live : They company’s board has approved a rights issue of equity shares worth ₹2,000 crore. The issue price is set at ₹1,651 per share, a 25% discount, and will be open from June 28 to July 4. Six rights equity shares will be issued for every 47 fully paid-up equity shares held by eligible shareholders.
SOBHA
2,159.9096.00 (4.65%)
Updated – 13 Jun 2024
2219.00
DAY HIGH
2098.05
DAY LOW
38,384.00
VOLUME (BSE)
13 Jun 2024, 09:21:17 AM IST
Sensex Today Live : Gensol Engineering shares climb more than 5% after company bags ₹1,340 crore project from Gujarat Urha Vikas Nigam
Sensex Today Live : The company emerged as the successful bidder for Gujarat Urja Vikas Nigam’s 250 MW (500 MWh) Battery Energy Storage Project worth ₹1,340 crore. The project will supply electricity to Gujarat State’s DISCOMs during peak and off-peak hours.
GENSOL ENGINEERING
1,067.6550.80 (5.00%)
Updated – 13 Jun 2024
1067.65
DAY HIGH
1067.65
DAY LOW
16,597.00
VOLUME (BSE)
13 Jun 2024, 09:17:27 AM IST
Sensex Today Live : Opening Bell
Sensex Today Live : Indian benchmark indices opened in the green on Monday, following strong cues from global markets driven higher by lower inflation reading in the US.
At opening bell, Sensex was up 397.92 points, or 0.52%, at 77,004.49 and Nifty was up 115.65 points, or 0.5%, at 23,438.60.
13 Jun 2024, 09:12:13 AM IST
Sensex Today Live : Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says the disinflation process is well on track
Sensex Today Live : “There is good news on the inflation front, both in the US and in India. In US May CPI inflation has declined slightly less-than-expected to 3.3% with MoM inflation remaining flat. However the economy continues to remain strong and there are no clear signs of labour market loosening. Therefore, the Fed chief Jerome Powell has kept rates unchanged and has hinted at only 1 rate cut in 2024 and possibly 4 rate cuts in 2025.
In India May CPI inflation has declined to 4.75% and core inflation has come at only 3.1%. This paves the way for a rate cut by the MPC in October.
The takeaway from the inflation numbers is that the disinflation process is well on track. From the market perspective, this is positive news, particularly for banking stocks.”
–Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
13 Jun 2024, 09:10:02 AM IST
Sensex Today Live : Benchmark indices climb at pre-open
Sensex Today Live : Indian benchmark indices were up at pre-open on Thursday, following strong cues from global markets driven higher by lower inflation reading in the US.
Sensex was up 498.49 points, or 0.65%, at 77,105.06 and Nifty was up 158 points, or 0.68%, at 23,480.95 during pre-open.
13 Jun 2024, 08:58:49 AM IST
Sensex Today Live : Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, gives technical outlook for Bank Nifty and Bankex
Sensex Today Live : “BankNifty has been hovering and consolidating near the 50,000 zone for quite some time finding resistance near the 50,200 levels and support maintained near the 49,500 zone as of now. The near-term initial target of 51,000 level can be achieved once a breach above 50,200 zone is confirmed in the coming sessions.
BANKEX also witnessed a similar pattern consolidating and resisting near the 57,200 zone once again and remained almost rangebound for the rest of the session to end near 56,800 levels, gaining 149 points. The overall bias is maintained intact, but with a cautious approach, and as long as the 56,000 level is maintained, the positive trend shall continue, and we can expect a further rise in the coming days.
BankNifty would have the daily range of 49,600-50,400 levels, with Bankex support at 56,200 and resistance at 57,300 levels.”
–Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher,
13 Jun 2024, 08:53:19 AM IST
Sensex Today Live : Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, gives technical outlook for Nifty and Sensex
Sensex Today Live : “Nifty has witnessed a consolidation phase since the last 3 sessions with 23,400 zone acting as a tough barrier and would need a decisive breach above to trigger for further rise in the coming days. The major support zone for the index is maintained near the 22,800 levels while on the upside we can expect 23,800 level as the initial target in the coming sessions.
SENSEX also is hovering in the 76,300 and 77,100 zone finding resistance near the peak zone and would need a decisive breakout above this crucial levels for further continuation of the trend. At the same time, 75,000 zone is the crucial support zone breaking which can witness further slide on the downside to weaken the near term bias. The support for the day is seen at 76,200/23,200 levels while the resistance is seen at 77,200/23,500 levels.”
–Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher,
13 Jun 2024, 08:49:17 AM IST
Sensex Today Live : Stocks to watch
Sensex Today Live : Dr Reddy’s, Torrent Pharma, Gensol Engineering, L&T Finance, Glenmark, are a few stocks likely to be in focus on Thursday, June 13.
13 Jun 2024, 08:41:51 AM IST
Sensex Today Live : What to expect from Indian stock market in trade on June 13
Sensex Today Live : Tracking positive global market cues, the Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to open strong on Thursday. The Gift Nifty trends suggest a gap-up start for the Indian benchmark index, trading around the 23,460 level, nearly 100 points premium from the Nifty futures’ previous close.
On Wednesday, the domestic equity market closed higher, with the Nifty 50 ending above the 23,300 level. The Sensex rose by 149.98 points to close at 76,606.57, while the Nifty 50 increased by 58.10 points (0.25%) to settle at 23,322.95.
The Nifty 50 formed a small negative candle on the daily chart with an upper shadow. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, explained that this pattern indicates a range-bound action in the market around the crucial hurdle of 23,400 – 23,500 levels. Such patterns typically result in a dip below the range movement. The overhead resistance of the key Fibonacci extension, the opening upside gap of 4th June, and the upward sloping resistance line remain intact around 23,400 – 23,500 levels. As long as this hurdle is not decisively overcome on the upside, a downward correction cannot be ruled out.
13 Jun 2024, 08:35:04 AM IST
Sensex Today Live : Eight key things that changed for market overnight – Gift Nifty, US Fed policy to inflation data
Sensex Today Live : Following positive global cues, the domestic equity benchmark indices, Sensex and Nifty 50, are projected to open higher on Thursday. Asian markets saw an uptrend, and US stocks mostly closed in the green, influenced by the US Federal Reserve’s policy decision and inflation data. The US central bank maintained interest rates for the seventh consecutive meeting and indicated a 25 basis points rate cut this year, which, along with softer than expected US inflation data, buoyed markets.
On Wednesday, the Indian stock market closed higher, primarily due to favourable global cues, with the Nifty 50 reaching a record high during the session. The Sensex rose by 149.98 points (0.20%) to close at 76,606.57, while the Nifty 50 increased by 58.10 points (0.25%) to settle at 23,322.95.
Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, noted that the Nifty has been consolidating for the past three days due to the absence of fresh domestic triggers and is cautiously awaiting the US CPI and US Fed policy outcome. He added that the market is likely to consolidate in the near term with a positive bias.
