Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today

Image SI Reporter New Delhi
markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

STOCK MARKET HIGHLIGHTS: The benchmark indices missed touching record high levels by a whisker on Monday as investors booked profit at higher level. The S&P BSE Sensex hit a high of 63,574.69 during the day which was just 8 points away from record high of 63,583. It, eventually, closed at 63,168, down 216 points or 0.34 per cent.

The NSE Nifty, meanwhile, hit an intra-day high of 18,881.45, barely 6 points shy off record high of 18,887.6. It ended at 18,755, down 71 points or 0.37 per cent.

Kotak Bank, Axis Bank, NTPC, Adani Enterprises, Adani Ports, ICICI Bank, IndusInd Bank, Reliance Industries, and Bharti Airtel were the top laggards on the bourses, down between 1 per cent and 4 per cent. 

In the broader markets, the BSE MidCap index dipped 0.08 per cent, while the BSE SmallCap index added 0.24 per cent. 

Among sectors, the Nifty Private Bank index fell about 1 per cent. On the contrary, the Nifty PSU Bank index gained 1 per cent. 

4:11 PM

COMMENT:: Global markets took a breather ahead of China rate decision, Fed testimony

"Indian equities shied away from closing at all-time high levels amid profit booking, primarily driven by private banks. Global markets also took a breather after a strong rally last week as investors looked forward to China's rate decision and the Fed chair's testimony. The Indian rupee has been exhibiting strength recently, supported by strong FII inflows and favourable domestic macroeconomic data."
- Vinod Nair, Head of Research at Geojit Financial Services
4:09 PM

Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans

Shares of FSN e-commerce Ventures, parent company of Nykaa, rallied over 4 per cent on in Monday after most brokerages reiterated their 'Buy' calls on the stock post the company's 2023 Investor Day. They forecast up to 45 per cent upside from current levels over the next one year. READ MORE

4:07 PM

TPG sells stake in Shriram Finance for Rs 1,400 cr; stock ends 5% higher

TPG, the private equity major, sold on Monday its entire 2.65 per cent stake in Shriram Finance Ltd through block deals in a transaction worth nearly Rs 1,400 crore, said investment banking sources. READ MORE


4:05 PM

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry. READ MORE


4:04 PM

Bank of Baroda nears 52-week high; regains Rs 1 trillion m-cap

Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent. READ MORE


4:01 PM

NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10%

According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition. READ MORE


3:59 PM

Titagarh Rail hits new high on positive outlook; stock up 379% in a year

Titagarh Rail Systems, formerly Titagarh Wagons, India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems. READ MORE


3:57 PM

Skipper hits 52-week high on winning orders worth Rs 1,135 crore

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders. READ MORE


3:55 PM

BSE Smallcap Heatmap:: ASM Tech, Skipper zoom 20%; Indo Count sheds 5%

3:53 PM

BSE Midcap Heatmap:: Jindal Steel surges over 5%; Rajesh Exports slumps 9%


3:51 PM

Shares of private banks slip up to 1.7%; Nifty Pvt Bank index down 0.9%


3:49 PM

Nifty PSU Bank index gains 1%; Central Bank, Bank of Baroda top gainers


3:47 PM

Market Breadth was negative; Nearly 2,000 stocks declined v/s 1,670 advancing shares on the BSE


3:44 PM

Broader market outperforms; MidCap SmallCap indices finish with marginal gains


3:42 PM

Nifty 50 Losers:: Adani Enterprises cracks 4%; Hero Moto, Adani Ports, Axis Bank slip


3:40 PM

Nifty 50 Gainers:: HDFC Life soars 3%; Bajaj twins 2%


3:38 PM

Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers


3:35 PM

CLOSING BELL:: NSE Nifty settled 71 points lower at 18,755


3:34 PM

CLOSING BELL:: S&P BSE benchmark slips 216 pts, ends Monday's trade at 63,168


3:22 PM

Corporate sector begins to contribute to growth of GFCF: ICICI Securities

The corporate sector has begun contributing to the growth of gross fixed capital formation (GFCF) in FY23, said ICICI Securities Ltd in a report. READ MORE

money, Indian rupee, capex

First Published: Jun 19 2023 | 07:40 AM IST

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