LIVE BLOG

    Stock Market Highlights | Nifty forms ‘3 Advancing Soldiers’ pattern. Here’s how to trade on Thursday expiry

    26 Jun 2024 | 07:55:56 PM IST
    Sensex Today | Stock Market LIVE Updates | Amid sustained buying in heavyweights, Nifty today scaled fresh all-time high of 23,785 while Sensex also scaled a peak of 78,339. The upside momentum was led by buying in shares of Reliance Industries (RIL), UltraTech Cement, ICICI Bank and Kotak Mahindra Bank.

    Highlights from trade:
    • Nifty Bank hits fresh all-time high
    • Allied Blenders IPO booked 82% so far on Day 2
    • Mazagon Dock up 6% after bagging Navratna status
    • Anil Agarwal likely pares Vedanta stake via block deal; stock sheds 4%
    • DEE Development lists at 67% premium over IPO price

    Tata Steel, Mahindra & Mahindra, Titan, and JSW Steel were among the stocks showing weaker performance. In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading higher.
    Show more
    1 New Update
    07:15:10 PM IST, 26 Jun 2024

    US stocks slip as tech recovery stalls

    On Wednesday, Wall Street's major indexes started the day lower as losses in semiconductor and megacap stocks reversed earlier gains. Investors were also focused on an upcoming critical inflation report later in the week.
    US stocks slip as tech recovery stalls
    06:24:17 PM IST, 26 Jun 2024

    Interactive Brokers says it lost $48 mln due to NYSE glitch

    Brokerage firm Interactive Brokers said on Wednesday it had lost $48 million due to a glitch at the New York Stock Exchange earlier this month.
    06:00:07 PM IST, 26 Jun 2024

    Oil edges higher on inventory drawdown outlook, Middle East risks

    Oil prices edged higher on Wednesday, approaching their highest mark in nearly two months. This rise was propelled by predictions of a forthcoming reduction in inventories during the peak summer demand in the third quarter, along with geopolitical tensions arising from conflicts in the Middle East.
    Oil edges higher on inventory drawdown outlook, Middle East risks
    05:19:24 PM IST, 26 Jun 2024

    Zee Media board approves fundraise of up to Rs 200 crore

    Zee Media on Wednesday announced plans to raise as much as Rs 200 crore by issuing equity shares or other qualified securities via various methods. During its board meeting, Zee Media decided to explore potential fundraising options through all allowable instruments, as stated in a regulatory filing. The board approved the potential to raise funds up to Rs 200 crore in one or multiple tranches, contingent on obtaining the necessary shareholder, regulatory, and statutory approvals.
    Zee Media board approves fundraise of up to Rs 200 crore
    05:10:00 PM IST, 26 Jun 2024

    Sebi concedes to the writ petition filed by Subhash Chandra

    05:08:30 PM IST, 26 Jun 2024

    Stock Market Highlights | 3 Advancing Soldiers pattern on Nifty signals upside continuation. Here's how to trade Wednesday

    Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts. Three such back to back candles indicate the formation of a ‘3 Advancing Soldiers' type pattern which signals upside continuation for the short term.

    The present upside momentum could find resistance at the highs of around 24000-24100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23650 levels, said Nagaraj Shetti of HDFC Securities.
    04:51:08 PM IST, 26 Jun 2024

    Inox Green Energy Services to raise Rs 1,050 crore

    Inox Green Energy Services announced its board's approval to raise Rs 1,050 crore through equity and convertible warrants. The plan includes issuing 2.89 crore equity shares at Rs 138 each (including a Rs 128 premium) to non-promoter entities, totaling Rs 400 crore. Additionally, the company plans to issue 4.48 crore convertible warrants at Rs 145 each (including a Rs 135 premium), allowing holders to subscribe to equity shares, aiming to raise Rs 650 crore from both promoters and non-promoters in phases.
    Price as on 04.51.08 PM, Click on company names for their live prices.
    04:14:47 PM IST, 26 Jun 2024

    Nifty Bank hits fresh record highs; here are key levels to watch out for on Thursday

    The Nifty Bank closed in the green for the third consecutive day on Wednesday to hit fresh record highs. The index rose 264 points to close at 52,870 while the Nifty50 rose 147 points to close at 23,868.
    Nifty Bank hits fresh record highs; here are key levels to watch out for on Thursday
    03:52:21 PM IST, 26 Jun 2024

    Rupee falls tracking weak Asian peers, traders eye index inclusion

    On Wednesday, the Indian rupee ended a three-session streak of gains due to weakness in other regional currencies and increased demand for dollars from importers towards the end of the month.

    The rupee closed at 83.5700 against the U.S. dollar, down from 83.4325 in the previous session.
    Rupee falls tracking weak Asian peers, traders eye index inclusion
    03:44:02 PM IST, 26 Jun 2024

    The rupee fell by more than 0.11 rupees to 83.55, pushed down by a significant rise in crude prices, which have increased by more than 12% this month in June. Additionally, the dollar index has been rising due to the Federal Reserve's comments on holding back on rate cuts given the mixed economic data. The rupee is expected to trade within a range of 83.45 to 83.65.

    - Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

    03:43:39 PM IST, 26 Jun 2024

    The BankNifty index continued its strong momentum, just shy of the 53,000 mark where fresh call writing is visible. The undertone remains bullish, and a buy-on-dip approach is advisable with immediate strong support at the 52,500-52,400 level. The index has witnessed aggressive put writing at lower levels, indicating strong support.

    - Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

    03:41:40 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Nifty Metal top sectoral loser; Vedanta and NMDC top drags

    Price as on 03.41.40 PM, Click on company names for their live prices.
    03:39:13 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Nifty midcap declines for second session dragged by NMDC and Prestige Estates

    Price as on 03.39.13 PM, Click on company names for their live prices.
    03:37:07 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: 18 of 30 Sensex stocks end in the green

    Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: 18 of 30 Sensex stocks end in the green
    03:36:01 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | Top Nifty gainers of today's session

    Price as on 03.36.01 PM, Click on company names for their live prices.
    03:33:32 PM IST, 26 Jun 2024

    Sensex Today | Closing Bell: D-St scales new summit for 2nd straight session! Sensex zooms 621 pts; Nifty above 23,800

    Sensex Today | Closing Bell: D-St scales new summit for 2nd straight session! Sensex zooms 621 pts; Nifty above 23,800
    03:18:05 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | RIL shares surge over 4% to hit fresh record high

    RIL contributes over 100 points to Nifty's intra-day gains
    Price as on 03.18.05 PM, Click on company names for their live prices.
    03:10:42 PM IST, 26 Jun 2024

    Stock Market LIVE Updates: Yen weakens to 160/$; up 0.24%

    Stock Market LIVE Updates: Yen weakens to 160/$; up 0.24%
    03:08:56 PM IST, 26 Jun 2024

    Stock Market LIVE Updates: Key drivers from the infra sector at this hour

    Price as on 03.08.56 PM, Click on company names for their live prices.
    03:06:49 PM IST, 26 Jun 2024

    Rainbow Chicken lists on South Africa's JSE

    Rainbow Chicken, a major poultry producer in South Africa, debuted on the Johannesburg Stock Exchange on Wednesday following its separation from RCL Foods. RCL Foods, known for brands such as Selati sugar, Sunbake bread, and Yum Yum peanut butter, announced that this restructuring of its portfolio aims to ensure sustainable earnings.
    02:56:55 PM IST, 26 Jun 2024

    Stock Market LIVE Updates: HUDCO, IREDA buzzing in trade

    Price as on 02.56.55 PM, Click on company names for their live prices.
    02:54:26 PM IST, 26 Jun 2024

    Stock Market LIVE Updates: Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan

    Juniper Green Energy announced that it has entered into two distinct power purchase agreements for renewable energy developments in Gujarat and Rajasthan. The company has secured a contract with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 90 MW standalone wind project in Gujarat as part of wind phase VI, according to a company statement.
    Price as on 02.54.26 PM, Click on company names for their live prices.
    02:41:42 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | In Spotlight: Telecom stocks trade higher

    Price as on 02.41.42 PM, Click on company names for their live prices.
    02:37:41 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | RIL registers biggest intra-day gain since June 3

    Price as on 02.37.41 PM, Click on company names for their live prices.
    02:32:43 PM IST, 26 Jun 2024

    Stock Market LIVE Updates: HAL announces lowest dividend payout since August 2022

    Price as on 02.32.43 PM, Click on company names for their live prices.
    02:21:53 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | Block deal in Paisalo Digital: 1.6% equity traded

    Price as on 02.21.53 PM, Click on company names for their live prices.
    02:20:41 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Inox Green board approves fundraise of up to Rs 1,050 crore

    Price as on 02.20.41 PM, Click on company names for their live prices.
    02:05:13 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Buzzing: RIL shares advance 3%

    The oil-to-telecom conglomerate Reliance, constituting approximately 10% of the Nifty 50, had lagged behind in a recent market rally but saw a 3% increase, approaching its record highs.Reliance also lifted the energy and oil & gas indexes by 1%. Despite this, its shares have only climbed 0.3% since March-end, compared to the Nifty's 7% rise, highlighting its recent underperformance.
    Price as on 02.05.13 PM, Click on company names for their live prices.
    01:57:25 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | Fully Subscribed! Allied Blenders and Distillers IPO sails through on Day 2

    • QIBs portion: 0.09 times
    • NII portion: 1.75 times
    • RII portion: 1.26 times
    • Employee Reserved portion: 4.24 times
    • Overall: 1.04 times
    Stock Market LIVE Updates | Fully Subscribed! Allied Blenders and Distillers IPO sails through on Day 2
    01:51:36 PM IST, 26 Jun 2024

    Sensex Today | Zee Media board approves fund raise of up to Rs 200 crore via all permitted instruments; stock up 5%

    Price as on 01.51.36 PM, Click on company names for their live prices.
    01:52:34 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | HAL board approves final dividend of Rs 13/share for FY24

    HAL board nod for increasing authorised share cap to Rs 700 crore from Rs 600 crore
    Price as on 01.52.34 PM, Click on company names for their live prices.
    01:48:16 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Index heavyweights lift Sensex 500 points

    Sensex Today | Stock Market LIVE Updates | Index heavyweights lift Sensex 500 points
    01:20:15 PM IST, 26 Jun 2024

    European stock markets rebound at open

    European primary stock markets saw a recovery at the beginning of trading on Wednesday, buoyed by a surge in tech stocks on Wall Street.
    European stock markets rebound at open
    01:15:11 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | Global Market Check

    • The Stoxx Europe 600 rose 0.4% as of 8:11 a.m. London time
    • S&P 500 futures were little changed
    • Nasdaq 100 futures rose 0.1%
    • Futures on the Dow Jones Industrial Average were little changed
    • The MSCI Asia Pacific Index rose 0.2%
    • The MSCI Emerging Markets Index rose 0.1%
    01:13:13 PM IST, 26 Jun 2024

    Global funds are most bullish on Indian equity futures since 2017

    Foreign investors are increasingly optimistic about Indian equity derivatives following Prime Minister Narendra Modi's re-election, ensuring policy continuity. Global funds' bullish positions in index futures contracts surged to 140,835, the highest in seven years, indicating positive sentiment toward Indian equities. Concurrently, overseas investors have poured $1.5 billion into Indian equities in June, driving the main stock index to a record high on Tuesday, bolstered by expectations of sustained pro-growth policies under Modi's new government coalition. (Source: Bloomberg)
    Global funds are most bullish on Indian equity futures since 2017
    12:54:22 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Block Deal Impact

    Price as on 12.54.22 PM, Click on company names for their live prices.
    12:41:41 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: Top gainers & losers at this hour

    Sensex Today | Stock Market LIVE Updates | Sensex Heatmap: Top gainers & losers at this hour
    12:31:38 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | S&P revises outlook for Adani Ports to positive on improving scale and diversification; 'BBB-' ratings affirmed

    Price as on 12.31.38 PM, Click on company names for their live prices.
    12:29:07 PM IST, 26 Jun 2024

    Stock Market LIVE Updates | Allied Blenders IPO booked 89% so far on Day 2

    • QIB Portion: 0.02 times
    • NII portion: 1.45 times
    • RIIs portion: 1.11 times
    • Employee Reserved: 3.82 times
    Stock Market LIVE Updates | Allied Blenders IPO booked 89% so far on Day 2
    12:21:05 PM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Nifty Bank hits record high, surpasses earlier level of 52,746.5

    Sensex Today | Stock Market LIVE Updates | Nifty Bank hits record high, surpasses earlier level of 52,746.5
    11:45:16 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks trading at 52 week high amid D-street record high

    Price as on 11.45.16 AM, Click on company names for their live prices.
    11:37:35 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Top gainers and losers

    Price as on 11.37.35 AM, Click on company names for their live prices.
    11:36:24 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Nifty hits fresh record high for second day, trades above 23,800

    Stock Market LIVE Updates | Nifty hits fresh record high for second day, trades above 23,800
    11:33:01 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech

    Sensex Today | Stock Market LIVE Updates | Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech
    10:41:57 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | News Alert: CCI approves Coforge stake buy in Cigniti: Agencies

    Price as on 10.41.57 AM, Click on company names for their live prices.
    10:23:06 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Metal stocks under pressure

    Price as on 10.23.06 AM, Click on company names for their live prices.
    10:17:17 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | New Listings: GEM Enviro and Falcon Technoprojects

    • GEM Enviro Management | BSE: Rs 142.50 (up 90%)


    • Falcon Technoprojects lists at Rs 84 (down 8.7%)
    10:17:55 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | D-Street Debut: Akme Fintrade

    • BSE: Rs 125.70 (up 4.75%)


    • NSE: Rs 127 (up 5.8%)
    10:07:13 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | D-Street debut: Dee Development Engineers Ltd

    BSE - listing price Rs 325 (up 60%)
    NSE - 339 (up 67%)
    09:47:22 AM IST, 26 Jun 2024

    Rupee falls 3 paise to 83.46 against US dollar in early trade

    Rupee falls 3 paise to 83.46 against US dollar in early trade
    09:46:05 AM IST, 26 Jun 2024

    China's yuan eases to 7-month low on weak fixing, hawkish Fed

    On Wednesday, China's yuan depreciated to its lowest level in seven months against a strengthening dollar. The currency faced additional pressure from a softer central bank guidance, setting it on track for a sixth consecutive monthly decline by the end of June.
    China's yuan eases to 7-month low on weak fixing, hawkish Fed
    09:44:36 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Finsider International, a subsidiary of VRL, has accepted a proposal from one of its banks to sell 2.6% shareholding in Vedanta Limited to a group of reputed institutional investors

    09:28:14 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Block Deal in CE Info (MapmyIndia) | 6.1 lakh shares or 1.1% equity worth Rs 142.6 crore change hands at Rs 2,332/share

    Price as on 09.28.14 AM, Click on company names for their live prices.
    09:20:46 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Block deal alert: 2.4% equity exchanged in Vedanta; stock down 4%

    Price as on 09.20.46 AM, Click on company names for their live prices.
    09:19:50 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Heatmap: Top gainers & losers in today's trade

    Sensex Today | Stock Market LIVE Updates | Heatmap: Top gainers & losers in today's trade
    09:17:43 AM IST, 26 Jun 2024

    Sensex Today | Opening Bell: Sensex rises 40 points, Nifty above 23,700; Mazagon Dock jumps 6%, Vedanta sheds 2%

    Sensex Today | Opening Bell: Sensex rises 40 points, Nifty above 23,700; Mazagon Dock jumps 6%, Vedanta sheds 2%
    09:06:43 AM IST, 26 Jun 2024

    "A constant refrain during the last few months from many experienced investment experts has been that financials, particularly largecap private banks, offer value buying opportunities. The expected breakout in some of these bluechips has happened during the last several days. These stocks are likely to remain resilient since their FY25 Q1 numbers will be very good. The 16% credit growth in the economy and improving asset quality of these stocks augur well for them. Slight pressure on margins due to slow deposit growth and higher costs of deposits are unlikely to impact the bottom line significantly. From the valuation perspective, PSU banks now provide buying opportunities. Q1 results of financials, oil and gas, capital goods, automobiles, select pharma and telecom will be good. FMCG and IT will post subdued numbers as expected. There are green shoots in IT and, therefore, it presents a contra buying opportunity for long-term investors."

    - V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

    09:06:05 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: IRCTC

    IRCTC has clarified that the circulating news on social media regarding restrictions on booking e-tickets due to different surnames is inaccurate and misleading.
    Price as on 09.06.05 AM, Click on company names for their live prices.
    09:04:18 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: Mahindra Finance

    Vivek Karve will step down from his role as the Chief Financial Officer (CFO) of Mahindra Finance, effective October 2024.
    Price as on 09.04.18 AM, Click on company names for their live prices.
    09:03:02 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: ZEE

    The NCLT has approved the withdrawal of the application to implement the composite scheme of arrangement with Sony.
    Price as on 09.03.02 AM, Click on company names for their live prices.
    09:01:33 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: MapmyIndia

    According to reports, Rakesh Kumar Verma, the promoter of CE Info Systems, is expected to sell approximately 5 lakh shares of MapmyIndia in a block deal.
    Price as on 09.01.33 AM, Click on company names for their live prices.
    09:00:12 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: Punjab & Sind Bank

    Punjab & Sind Bank, a government-owned entity, has entered into an initial agreement with the Indian Army for a defence salary package, offering various benefits such as complimentary insurance coverage.
    Price as on 09.00.12 AM, Click on company names for their live prices.
    08:58:42 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs on BFSI

    • Rising concerns around the health of rural-lending (Farm loans and MFI particularly) portfolio in the Indian financial system.
    • This could potentially put more pressure on the earnings trajectory of the sector.
    • Companies that are more exposed to farm loans - SBI, ICICI Bank, Kotak Bank, M&M Finance and L&T Finance.
    • Companies that have exposure to MFI portfolios - Bandhan Bank, Indusind Bank, Credit Access Grameen and L&T Finance.
    • PSU banks in particular could potentially be more impacted in the event of farm loan waivers as seen in past episodes.
    • Maintain preference for HDFC Bank, Kotak Bank, Axis Bank and Indusind amongst private banks.
    • Prefer Credit Access Grameen, L&T Finance and Shriram Finance among NBFCs.
    Price as on 08.58.42 AM, Click on company names for their live prices.
    08:53:41 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Brokerage Radar: Investec on Adani Wilmar

    • Initiate Hold with target price of Rs 374.
    • Long-term volume market share gain opportunity is compelling.
    • Expect 7% revenue CAGR in edible oils over FY24-26E driven by 6% volume CAGR.
    • Inherent volatile and low margin nature of the biz cap upside.
    Price as on 08.53.41 AM, Click on company names for their live prices.
    08:50:15 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Stocks in news: Restaurants Brand Asia

    Goldman Sachs Funds executed a block deal on Tuesday, selling nearly 48 lakh shares of Restaurants Brand Asia (RBA) worth Rs 50 crore.
    Price as on 08.50.15 AM, Click on company names for their live prices.
    08:49:30 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Nifty indices quarterly Rejig

    08:40:50 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Brokerage Radar: UBS on CG Power

    • Industrial product business is on a stable track
    • Management is optimistic on power systems, given strong local/global upcycles
    • Beyond investments in OSAT, motors and power system expansion, CG Power will still have cash to expand its addressable market size
    • Recent capacity expansion across categories will ramp up export revenue
    • CG Power is targeting newer geographies in upcoming years
    • UBS maintain Buy; Hikes TP to Rs 870 from Rs 850
    08:39:25 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs on Metro Brands

    • FY25 guidance is for mid to high teens % YoY sales growth
    • Growth is likely to be back-end loaded in FY25 with a relatively softer base in H2FY25
    • Industry competitive intensity high, but Metro to continue discounting discipline
    • BIS certification-related supply chain disruption unlikely for Metro
    • Inventory position relatively high vs. history to help mitigate potential BIS certification-related disruption
    • Fila brand re-positioning efforts delayed due to BIS implementation
    • Fila EBO scale-up to accelerate from FY26
    08:37:42 AM IST, 26 Jun 2024

    Stock Market LIVE Updates | Brokerage Radar: Jefferies reiterates Buy rating on ICICI Bank

    • Maintain Buy with target price of Rs 1,350
    • Deposit growth of 20% is among the best of large banks
    • Slower cost growth to offset margin normalization
    • Asset quality holding up; corporate book can see recoveries
    • Stays among our top picks in sector
    Stock Market LIVE Updates | Brokerage Radar: Jefferies reiterates Buy rating on ICICI Bank
    08:35:37 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates | Brokerage Radar: Bernstein India Strategy

    • Earnings are eventually the real test of how the market progresses from here
    • With election excitement now behind, focus will shift to the drivers that could shape revisions
    • We address the current earnings movements across the top 200 stocks in India
    • Earnings are not keeping up with the stock price movement
    • A visible disconnect appears when the sector earnings revision is seen against the price U movements
    • Only 39% of NSE200 universe has seen earnings upgrades in the last three months, but 77% have seen positive price movements
    • The earnings revisions across the last two months have been a mere 0.6%, and last month has seen a decline
    • 7/13 sectors show a decline in the previous three months, and the average is barely 1%
    • Metals and industrials seem to be the only sectors that show a pick-up
    • Still, the disparities within are pretty high, and many prominent names exhibit declining earnings expectations for FY25
    • Autos and Energy are the other two sectors that show momentum but have slowed down
    • Financials is seeing a modest 1.6% increase, while all other sectors are flat or negative
    08:06:17 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Asian shares shaky as investors wary before US inflation data

    Asian stocks wavered in choppy early trade on Wednesday as markets braced for a key U.S. inflation reading. Meanwhile, the yen hovered just below the 160 per dollar level, keeping traders on alert for potential intervention by Japanese authorities
    08:03:26 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Steady dollar sends yen to the brink of 160

    The dollar remained firm on Wednesday, trading near the 160 yen barrier as investors turned cautious and awaited the release of U.S. price data at the end of the week.
    08:01:56 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Gold flat as dollar, yields firm; investors seek more US data

    Gold prices remained flat on Wednesday as the dollar and Treasury yields held steady ahead of a key inflation reading due later this week. This upcoming data could provide more clarity on the Federal Reserve's interest rate path.
    08:00:50 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Oil edges lower after industry group reports jump in US stockpiles

    Oil prices dropped in early Asian trade on Wednesday following an industry report that revealed an unexpected increase in U.S. stockpiles, raising concerns about weaker-than-expected demand in the top oil-consuming nation. Brent crude oil futures declined by 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. U.S. West Texas Intermediate crude futures fell by 11 cents, or 0.1%, to $80.72 per barrel.
    07:52:35 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Stocks in news: MapmyIndia, YES Bank, Sanghi Industries, ZEE, Mahindra Finance

    In today's trade, shares of MapmyIndia, YES Bank, Sanghi Industries, ZEE, and Mahindra Finance, among others, will be in focus due to various news developments.
    07:51:17 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Stock Radar: Apollo Tyres sees breakout from inverse Head & Shoulder pattern; time to buy?

    Apollo Tyres experienced a V-shaped recovery after testing the 200-day Exponential Moving Average earlier in June, ultimately breaking out from an inverse Head & Shoulders pattern.
    07:21:57 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Market trading guide: JBM Auto, Apollo Tyre among 7 stock recommendations

    5 stock recommendations include HDFC Bank, Westlife, Mandar Bhojane, Apollo Tyre, ITDC JBM Auto, City Union Bank and City Union Bank.
    07:22:04 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action today

    Domestic markets edged higher on Tuesday, gaining over half a percent and signaling a resumption of the uptrend after a brief pause. Following an initial uptick, the Nifty traded within a range during the first half. However, selective buying in heavyweight stocks, especially from the banking sector, spurred a sharp surge as the day progressed.
    07:22:10 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Technical Breakout Stocks: How to trade Amara Raja Batteries, Raymond and Exide Industries

    Stocks that hit fresh record highs on Tuesday included Amara Raja Batteries, which surged over 19%, Raymond, which rallied more than 7%, and Exide Industries, which closed with gains of over 1%.
    07:22:17 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start

    GIFT Nifty on the NSE IX traded lower by 16 points, or 0.07 per cent, at 23,704.50, signaling that Dalal Street was headed for muted start on Wednesday.
    07:22:23 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Rupee gains 4 paise against US dollar

    The rupee appreciated by 4 paise against the US dollar on Tuesday, supported by a strong performance in domestic equities and stable global crude oil prices. However, forex traders noted that the rise was limited due to the strengthening of the American currency in the international market.
    07:22:29 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Nasdaq ends higher on tech strength; Dow pulls back

    The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited for crucial inflation data due out this week.
    07:22:34 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Tech View: Nifty breaks key hurdle after 2 weeks

    The Nifty ended Tuesday’s session 183 points higher, forming a long bull candle on the daily chart and surpassing the 23,600 hurdle after two weeks of consolidation.
    07:22:40 AM IST, 26 Jun 2024

    Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday

    The 30-stock S&P BSE Sensex reached a new peak of 78,164.71, rising by 824 points or 0.87%, while the broader Nifty hit a lifetime high of 23,754.15, gaining 216 points or 0.91%. The Sensex closed at 78,053, up 712 points or 0.92%, and the Nifty ended at 23,721, up 183 points or 0.78%.
    The Economic Times