Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a positive note on June 12. The BSE Sensex gained 100.85 points or 0.13% to finish the day’s trading at 76,557.44, while the NSE Nifty 50 closed 43.55 points or 0.19% higher at 23,308.40. Nifty Midcap 100 closed 549 points or 1.02% at 54,215.40. Bank Nifty closed in the green up 95.85 points or 0.19% at 49,801.60.
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The NSE Nifty 50 closed 0.19% higher at 23,308.40, while the BSE Sensex closed 0.13% higher at 76,557.44.
Coal India, Power Grid Corp, Eicher Motors, SBI Life, and Tech Mahindra were the top gainers in the Nifty 50. While M&M, Britannia, Hindustan Unilever, Tata Consumer Products, and Titan were the major losers in the Nifty 50 on June 12.
Shares of TVS Supply Chain Solutions rose almost 8% to an intraday high of Rs 182.76 after the company won a contract from a Singapore company. “TVS Supply Chain Solutions announced a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore,” said TVS Supply Chain in an exchange filing.
Courtesy: NSE
ONGC, Tata Motors, L&T, Adani Ports & SEZ, and Hero MotoCorp were the top gainers in the Nifty 50. While Kotak Mahindra Bank, Divi’s Lab, Dr. Reddy’s Lab, Reliance Industries, and ITC were the major losers in the Nifty 50 on June 12.
Courtesy: NSE
The NSE Nifty 50 was up 154 points or 0.66% at 23,419, while the BSE Sensex was up 488 points or 0.64% at 76,945.
Shares of Union Bank Of India jumps over 1% to intra-day high of Rs 148.15 on the following news that the board of directors of a state-owned bank has approved a capital raising plan of up to Rs 10,000 crore. This plan includes raising ₹6,000 crore in equity capital through various methods, including public issues, rights issues, private placements, and preferential allotments.
Courtesy: NSE
“The Bank Nifty Index experienced a sideways trading session and was unable to surpass the 50000 mark, where the highest open interest is built up on the call side. Once the index breaks above 50000, it is likely to see sharp short covering towards the 50500/51000 levels. The undertone remains bullish, and traders should adopt a buy-on-dip approach with support at 49000, where the highest open interest is built up on the put side,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
The shares of HCL Technologies jump over 2% to intra-day high of Rs 1,472 on Wednesday on the following news that the compay has announced a $278 million agreement with Deutsche Apotheker-und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank. Under this deal, HCLTech will assist apoBank in implementing an outcome-oriented managed services model designed to provide resilient, scalable, high-quality, and compliant digital foundation services.
Commenting on the Technical outlook of Nifty Rupak De, Senior Technical Analyst, LKP Securities, said Nifty remained sideways during the day as there was no directional move. The sentiment might remain sideways as well until it breaks out of the 23150-23350 range. Any decisive breakout on either side might confirm the future direction of the market. On the higher end, above 23350, it might move towards 23600. Meanwhile, support below 23150 is placed at 23000-22900..
Courtesy: BSE
HCL Technologies, BPCL, Tech Mahindra, LTIMindtree, and Wipro are the top gainers on NSE Nifty 50 index whereas the top laggards include Asian Paints, Titan Company, Grasim, Hindustan Unilever, and NTPC.
The NSE Nifty 50 opens up by 0.34% at 23,344.45, while the BSE Sensex gains 0.29% to 76,679.11 in the opening trade.
Commenting on the pre market outlook Prashanth Tapse, Senior VP (Research), Mehta Equities said that A subdued to weak opening is on the cards for local markets owing to bearishness in several Asian indices. Domestic investors would be cautious ahead of the CPI inflation and IIP data to be announced post market hours today, and hence stock-specific activity could continue.
Tapse also added that the May US inflation data and rate-setting decision would be keenly watched by global investors, as any increase in the number could prompt the Federal Reserve to delay its rate cut decision. Traders can look at taking exposure to Nifty between 23050-23100 zone with a stop loss at 22501. The index has resistance at 23500-23751 level.
“The benchmark Sensex and Nifty indices are expected to open flat to negative on June 12, following GIFT Nifty trends indicating a loss of 20 points for the broader index.
Nifty can find support at 23,200 followed by 23,100 and 23,000. On the higher side, 23,400 can be immediate resistance, followed by 23,500 and 23,600,” said Deven Mehata, Research Analyst at Choice Broking.
The NSE added Balrampur Chini Mills, GMR Airports, Hindustan Copper, SAIL, India Cement, and Zee Entertainment Enterprises in F&O on June 12, 2024.
Foreign institutional investors (FII) offloaded shares worth Rs 111.04 crore, while domestic institutional investors (DII) mopped shares worth Rs 3,193.29 crore on June 11, 2024, according to the provisional data available on the NSE.
WTI crude prices are trading at $78.08 up by 0.44%, while Brent crude prices are trading at $82.01 up by 0.11%, on Wednesday morning.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.14% at 105.29.
The S&P 500 and Nasdaq registered record closing highs for the second consecutive day on Tuesday, driven by a more than 7% gain in Apple shares, reported Reuters. Investors also awaited consumer price data and a policy announcement from the Federal Reserve. The tech-heavy Nasdaq Composite rose by 151.02 points, or 0.88%, to close at 17,343.55. The S&P 500 increased by 14.53 points, or 0.27%, to finish at 5,375.32, while the Dow Jones Industrial Average fell by 120.62 points, or 0.31%, to 38,747.42.
