Tag: BSE

New Delhi: Markets closed at new record highs on Monday. The 30-share BSE Sensex finished at 80,664.86 while the NSE Nifty ended at an all-time closing high of 24,586.70.

“We maintain a positive outlook and recommend a “buy on dips” strategy. In addition to favorable domestic factors, positive global cues are boosting sentiment. Traders should continue to focus on stock selection and trade management,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.

Meanwhile, ahead of the market opening today, as per Zeebiz, Nestle India, SpiceJet, Dr Reddy’s, Bajaj Auto, M&M Financial, Lupin are likely be in focus today.

1. Hindustan Unilever Ltd (HUL)

HUL has informed in a regulatory filing that the Board of Directors at their meeting held on 15th July, 2024, has approved the sale and divestment of Company’s Water Purification business carried under the brand ‘Pureit’ including the trademarks, copyrights and other intellectual properties and identified assets and contracts associated with the business, as a going concern on slump sale basis, to A. O. Smith India Water Products Private Limited.

2. Lupin 

Lupin has announced that it has divested  the Company’s US Commercial Women’s Health Specialty Business, including Solosec, to Evofem Biosciences, Inc., a U.S. biopharmaceutical company focused exclusively on Women’s Health.

3. Vedanta 

Vedanta has announced the launch of its qualified institutional placement (QIP) issue at a floor price of Rs 461.26 apiece, aiming to reducing debt and fulfilling certain capital expenditure obligations.

4. Bajaj Auto

The auto major is set to release April-June (Q1 FY25) results today.

5. HAL & Bharat Electronics

The Union Civil Aviation Ministry has announced a uniform 5 per cent Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts, effective July 15th, 2024.

New Delhi: Sensex breached the historic 79,000 level for this first time yesterday while Nifty closed at 24,000, its new peak amidst buying in blue-chip stocks.  The BSE Sensex soared 568.93 points or 0.72 percent to close at new peak of 79,243.18 while the NSE Nifty ended at a new record high of 24,044.50.

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd said, “Indian equity indices registered strong gains, hitting fresh record highs during the F&O expiry day. The Nifty IT index witnessed strong rally and advanced 2.03% to end at 36,124. Technically, the index has achieved short term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then rally could extend towards 24,250-24,500 in the short term.”

Meanwhile, ahead of the market opening today, as per Zeebiz Bank of Baroda, HCL Technologies, KIMS, Defence stocks, Telecom stocks, are likely be in focus today.

1. HCL Technologies

As per news reports 0.46 percent equity stake HCL Technologies is likely to be sold at Rs 1,757 crore through a block deal.

2. Bank of Baroda

Bank of Baroda shares are scheduled to trade ex-dividend on June 28. The board of directors of the bank had in may recommended a dividend of Rs 7.60 per equity share of face value of Rs 2 each for the Financial Year ended March 31, 2024.

3. KIMS

The board of KIMS (Krishna Institute Of Medical Sciences Ltd) is scheduled to meet on Friday to consider a)Sub-division/split of existing 1 (One) Equity Share of the face value of Rs 10 each fully paid up into 5 (Five) Equity Shares of the face value of Rs 2 each fully paid up. b) Reclassification of the persons from the ”Promoter Group’ Category to the ”Public” Category.

4. Defense Stocks
 
Zeebiz has reported that Defense Shares will be in focus as the ‘centre has allowed an extension in customs duty waiver on the import of some of the components.’

5. Telecom Stocks

Telecom Stocks of companies like Bharti Airtel, Vodafone Idea will be in focus. Reliance Jio, India’s top telecom operator, yesterday announced a 12-27 percent hike in mobile tariffs — the first in two and half years, setting the stage for other telcom operators to raise charges.

New Delhi: Markets settled at their fresh all-time high levels on Wednesday. Sensex rallied 620.73 points or 0.80 percent to end at new closing peak of 78,674.25 while Nifty surged 147.50 points or 0.62 percent to close at 23,868.80.

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd said, “The domestic benchmark index, Nifty, opened on a flat note and after initial dip index has witnessed strong buying interest. Consequently, the index achieved a new record high of 23,889.90, ultimately concluding the day positively at 23,868.80. Technically, the index broke out of the short-term consolidation zone of 23,330-23,670 in yesterday’s session, and today it found support near the breakout point of 22,670. Based on this breakout, the rally may extend towards the 24,000 level. Therefore, it is advisable to adopt a buy-on-dips strategy for Nifty. On the downside, 23,670 will serve as immediate support for the index”.

Meanwhile, ahead of the market opening today, as per Zeebiz Bharti Airtel, Titan, LTIMindtree, LTTS, Bharti Hexacom, are a couple of stocks that will likely be in focus today.

1. LTIMindtree

LTIMindtree has informed the regulator that AM Naik, Non-Executive Chairman of the Company will relinquish his office. Further, the Board of Directors at its meeting has approved appointment of SN Subrahmanyan, Non-Executive Vice-Chairman, as the Non-Executive Chairman of the Company with effect from June 27, 2024.

2. Titan

Titan stock will trade ex-dividend today. The Board of Directors at its meeting held on 3rd May 2024 recommended a Dividend of 1100 percent at Rs 11.00 per Equity Share of Rs 1 each for the Financial Year ended 31st March, 2024.

3. Bharti Airtel

Airtel has said that it has acquired 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands through the auction for Rs 6857 crore Spectrum secured for 20 Years. Airtel added that it has successfully renewed spectrum that was expiring in 2024 along with additional spectrum purchase to bolster its mid band holding across the key circles.

4. Telecom Stocks: Bharti Hexacom 

Bharti Hexacom Ltd, a subsidiary of Bharti Airtel, has acquired 15 MHz with an outlay of Rs 1,001 crore.

5. Supreme Petrochem

Supreme Petrochem shares are slated to trade ex-dividend on Thursday.  The company has recommended  final dividend rate of Rs  7.

New Delhi: Sensex crossed the historic 78,000 level for the first time while Nifty also breached the 23,600 mark on Tuesday.

“Nifty has finally surpassed the 23,600 hurdle after two weeks of consolidation, reaching a new record high. We maintain a positive outlook on the index, now targeting the next milestone of 24,000. We believe the current buoyancy in banking, coupled with notable strength in IT, will dictate the trend, while other sectors may contribute on a rotational basis. Traders should align their positions accordingly and avoid a contrarian approach,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.

Meanwhile, ahead of the market opening today, as per Zeebiz HAL, Bharat Dynamics, Mazagon Dock, NTPC, Mahindra & Mahindra Financial Services, are a couple of stocks that will likely be in focus today.

1. Mahindra & Mahindra Financial Services Limited 

Mahindra Finance has announced that Vivek Karve, Chief Financial Officer of Mahindra & Mahindra Financial Services Limited and Financial Services Sector has tendered his resignation from the services of the Company to pursue personal, social and professional interests beyond a full-time employment.

2. Bharat Dynamics

Orders in pipeline in next 2-3 years is at Rs 200 crore, taking total order book as on 31 march 2024 to Rs 1,9434
Crore. It added new orders received in FY 2023-24 is at Rs 1,793 crore.

3. Mazagon Dock Shipbuilders

Department of Public Enterprises (DPE) has approved the proposal for grant of Navratna status to Mazagon Dock Shipbuilders Limited.

4. Hindustan Aeronautics Ltd (HAL)

The Board of Directors of the Company in its meeting scheduled to be held on Wednesday, the 26th June, 2024 will consider, inter-alia, the recommendation of final dividend for the financial year 2023-24.

5. NTPC Ltd

The Board of Directors of the Company is scheduled to meet on 29 June, to consider and approve issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures upto Rs.12,000 Crore, subject to approval of shareholders in the ensuing Annual General Meeting.

New Delhi: Sensex and Nifty finished higher on Monday. BSE Sensex closed 131.18 points, or 0.17 percent, higher at 77,341.08 while the Nifty jumped 36.75 points, or 0.16 percent, to settle at 23,537.85.

“Nifty opened gap down on Monday, influenced by global cues. After an initial knee-jerk reaction, the index recovered and traded in a narrow range. Finally, Nifty settled on positive note at 23,538. Technically, since last couple of weeks, the index is consolidating in the band of 23,330-23,670. Thus, for fresh bullish momentum, index need to sustain above 23,670-23,700 zone. If it manages to sustain above 23,700, the rally could extend towards 24,000 levels. On the downside, 23,300 will act as strong support for the index,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.

Meanwhile, ahead of the market opening today, as per Zeebiz, Amara Raja, Tata Elxsi, Voltas, ixigo, Sun Pharma, are a couple of stocks that will likely be in focus today.

1. Amara Raja

Amara Raja Advanced Cell Technologies Pvt. Ltd (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Ltd (ARE&M), one of India’s leading battery manufacturers, has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co Ltd. As part of the agreement GIB EnergyX will license Gotion’s world class LFP technology for lithium-ion cells to ARACT.  

2. Sun Pharmaceutical Industries Limited

Sun Pharmaceutical Industries Limited has informed the regulators that it has successfully completed the merger of Taro Pharmaceutical Industries Ltd with its subsidiary. As part of this merger, Sun Pharma acquired all outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates. As a result of the merger, Taro is now a private company and wholly-owned by Sun Pharma. Sun Pharma has been the majority shareholder of Taro since 2010.

3. Tata Elxsi

Tata Elxsi shares are scheduled to trade ex-dividend today. The company’s Board of Directors has recommended a dividend of 700% at Rs 70 per equity share of Rs 10 each, for the financial year 2023-24, subject to tax.

4. Tata Group Stocks -Voltas

Shares of Voltas Ltd will trade ex-dividend today. The Board of Directors had at their Meeting held in May recommended a dividend of 550% at Rs 5.50 per Equity Share of Re 1 each for the financial year ended 31st March, 2024.

5. Ixigo

Le Travenues Technology Ltd, which operates travel booking platform ixigo, announced an expansion of its exclusive partnership with PhonePe, India’s leading fintech platform for offering flight & bus bookings on the PhonePe app in addition to its existing train partnership. ixigo will exclusively power these travel booking options on PhonePe, integrating services from ixigo Flights for flight bookings, AbhiBus for bus bookings as well as expanding its prior partnership with ConfirmTkt for train bookings, the company said.

New Delhi: Markets closed lower on Friday amidst a volatile session, coming down from a 6-straight-day winning round. The BSE, Sensex closed 269 points or 0.35 percent lower at 77,209 while Nifty closed 65 points lower at 23,501. 

“The Bank Nifty index opened with a gap-up note but was unable to sustain higher levels. As a result, Bank Nifty settled the day at on a negative note at 51,661. Technically, on a daily scale, the Bank Nifty has formed bearish engulfing candlestick pattern. As per this pattern, 51,935 will act as resistance. However, index managed to sustain above the previous barrier of 51,134. Thus, 51,100–51,000 will act as immediate support for the index. Thus, we expect Bank Nifty to consolidate in the range of 51,000–52,000 in the short term,” Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd has said.

Meanwhile, ahead of the market opening today, as per Zeebiz, Ujjivan Small Finance Bank, Tata Steel, Vedanta, MCX, ONGC/IOC are a couple of stocks that will likely be in focus today.

1. Tata Steel

Tata Steel workers are going on strike for the first time in 40 years. Of the 4,500 Tata Steel employees in Port Talbot and Llanwern, 1,366 Unite members were balloted, 857 voted and of those 468 members voted for industrial action including strike action.

In a statement Tata Steel spokesperson said, “We are extremely disappointed by Unite’s unilateral decision to call strike action. Our existing steelmaking assets are near the end of their life, are operationally unstable and causing unsustainable losses of £1 million a day. This is why preparations to close the blast furnaces and associated plants in Port Talbot are unchanged.”

2. Vedanta

As per media reports Vedanta Resources is contemplating a 2.5% stake sale through a block deal in the Indian listed firm Vedanta Ltd through block deals in the next few days. The promoter group is looking to sell 9 crore shares to raise Rs 4,000 crore, although a Vedanta spokesperson, has denied any such reports of stake sale.

3. MCX

Leading bourse Multi Commodity Exchange of India Ltd (MCX) has said that it has shortlisted names of candidates for the post of MD & CEO and will now proceed to obtain regulatory approval for the appointment.

4. ONGC/IOC

ONGC and Indian Oil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near Madhya Prades’s Hatta Gas Field in the Vindhyan Basin. The company said that the establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin’s status, upgrading it from a Category II to a Category I Basin.

5. Ujjivan Small Finance Bank

Ujjivan Small Finance Bank its investor presentation gave FY25 guidance stating that the bank looks Gross loan book growth @ 20 percent, Credit cost 1.7 percent, Net Interest Margin nine percent, Return on equity (RoE) 20 percent. It said that deposit growth is in line with gross loan book growth.

New Delhi: Markets rallied for the sixth straight session on Thursday, with benchmark equity indices Sensex and Nifty zooming to all time fresh peaks. Sensex surged 141.34 points or 0.18 percent to finish at a new record closing of 77,478.93 while Nifty scaled 51 points or 0.22 percent to close at 23,567. 

Ajit Mishra – SVP, Research, Religare Broking Ltd said, “On the benchmark front, the Nifty index closed at 23,581, up 0.30%. Sectorally, realty, metal, and private banking finished in the green, while Pharma, PSU Bank, and Auto sectors lagged. Broader indices also edged higher, both gaining over half a percent.”

“Looking ahead, a decisive close above 23,600 in Nifty could trigger fresh upward momentum, potentially pushing the index to 24,000 levels. On the downside, 23,400 is expected to act as strong support. Besides banking and IT, themes like sugar, fertilizers and chemical are showing good traction on the expected lines. Traders should align their positions accordingly,” he added.

Meanwhile, ahead of the market opening today, as per Zeebiz, HDFC Life, Tata Motors, JM Financial, HPCL, BPCL are a couple of stocks that will likely be in focus today.

HDFC Life

HDFC Life Insurance shares are set to trade ex-dividend today. In the company’s Board meeting held on April 18, 2024, it had recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for FY 2023-24, subject to approval of the shareholders. The record date for payment of final dividend is Friday, 21 June 2024.

Tata Motors

Tata Motors has announced the launch of Tata Motors Fleet Verse – a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles. The platform offers features like new vehicle discovery, configuration, acquisition, financing, and is future-proofed to include a range of additional services and features, making Fleet Verse a one-stop digital destination for all commercial vehicle needs.

JM Financial

Securities Exchange SEBI has directed the Company to not take any new mandate as lead manager in public issue of debt securities up to March 31, 2025 or such further date as may be specified by SEBI.
 

HPCL

HPCL’s shares are scheduled to trade ex-bonus today. The company has recommended Bonus Issue Proportion @ 1 share for every 2 Shares held.

BPCL

BPCL’s shares are scheduled to trade ex-bonus tomorrow (June 22). The Board has recommended issue of Bonus Shares in the ratio of 1:1 i.e. one new bonus equity share of Rs 10 each for every one existing equity shares of Rs 10. 
It has recommended a final dividend of Rs 21 per equity share of face value of Rs 10 each (pre-bonus), which translates into final dividend of Rs 10.5 per equity share of face value of Rs 10 per equity share) (post-bonus).

New Delhi: Markets ended on a flat note on Wednesday. The BSE Sensex zoomed 36.45 points or 0.05 percent to closing at a new peak of 77,337.59 while the NSE Nifty closed 41.90 points or 0.18 percent lower at 23,516.

Neeraj Sharma, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd commented, “Domestic benchmark index Nifty50 touched new highs for the fifth consecutive day on Wednesday, boosted by banking, IT sectors and favourable global cues. Finally, Nifty lost all gains and ended the day on a negative note at 23,516 levels. Technically, on a daily basis, the index sustained above the breakout of last week’s consolidation range of 23,000 to 23,500 levels, indicating strength. According to this latest breakout, the index may test 23,800-24,000 levels in the near future. Thus, a buy-on-dips strategy should be used in the Nifty, with support at 23,330.”

Meanwhile, ahead of the market opening today, as per Zeebiz, Sun Pharma, Coal India, Raymond and Larsen & Toubro are a couple of stocks that will likely be in focus today.

1. Sun Pharma

Sun Pharma’s Dadra Facility Receives Warning Letter From US FDA. In a regulatory filing Sun Pharma has informed that  The Warning Letter summarizes violations with respect to Current Good Manufacturing Practice (cGMP) regulations. The contents of the Warning Letter shall be made public by the USFDA in due course, it added.

2. Larsen & Toubro

L&T shares are turning ex-dividend today (June 20). Earlier, the firm announced that the Board of Directors of the Company has recommended a final dividend of Rs 28 per share for FY 2023-24, in addition to the special dividend of Rs 6 per share paid during the year, thus making the total dividend Rs 34 per share.

3. Coal India Limited 

CIL had yesterday informed the regulators that in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector. The cumulative peak rated capacity of is 34.14 million tonnes/year (MT/Y) while the total extractable reserves are estimated at 635 MT. 

4. Infra stocks

State-owned NHAI is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km during the current financial year under the Build-Operate-Transfer (BOT) mode, news agency PTI has reported.

5. Indian Oil 

Indian Oil and GPS Renewables Pvt. Ltd have announced to form Joint Venture for Sustainable Energy Solutions. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country, IOC said in a regulatory filing.