Share Market Highlights 4th July 2023: Sensex climbs 274 points to settle at all-time high of 65,479.05; Nifty hits fresh record of 19,389

• 15:54 | July 4, 2023

  PKH Ventures IPO subscription reaches 0.63 times

  With the deadline for public investors to subscribe to the PKH Ventures IPO nearing, the subscription rate has reached 0.63 times as of 3:30 pm on Tuesday (July 4), indicating strong interest.

• 15:51 | July 4, 2023

  Subscription status of Senco Gold IPO

  As of 3:30 pm on Tuesday, July 4, the Senco Gold IPO has achieved a subscription rate of 0.49 times. Similarly, the NIIs have subscribed 0.34 times, while the RIIs have subscribed 0.83 times.

• 15:45 | July 4, 2023

  Rupee falls 11 paise to close at 82.02 (provisional) against the US dollar.

• 15:44 | July 4, 2023

  Senco Gold IPO subscribed 0.49 times

  Senco Gold IPO has been subscribed 0.49 times as of 3:30 pm on Tuesday (July 4). NIIS has been subscribed 0.34 times; RIIs 0.83 times.

• 15:43 | July 4, 2023

  PKH Ventures IPO subscribed 0.63 times on Tuesday

  The PKH Ventures IPO has been subscribed 0.63 times as of 3:30 pm on Tuesday (July 4), the last day for public investors to subscribe to the IPO. The QIB portion has been subscribed 0.11 times, NIIS 1:65 times, and retail 0.95 times.

• 15:42 | July 4, 2023

  Top gainers, losers at 3.10 pm

  Top gainers on the NSE at 3:10 pm Bajaj Finance (7.21% change); Bajaj Finserv (5.85%); Hero Motocorp (4.32); Tech Mahindra (2.42%); NTPC (1.54%).

  Stocks that were negative include: Eicher Motors (-6.25%); Bharti Airtel (-1.60%); Grasim (-1.27%); Axis Bank (-1.10%)

• 14:44 | July 4, 2023

  GR Infra wins Rs 580-crore order

• 14:42 | July 4, 2023

  Dalmia Bharat upbeat on cement demand outlook

  The Dalmia Bharat management is upbeat on the cement demand outlook. It expects to outpace industry growth, driven by its fast expansions (organic and inorganic). With energy costs coming down, it would partially pass on the benefit to gain market share.

• 14:29 | July 4, 2023

  Radico Khaitan shares gain 4.7 per cent

  Radico Khaitan shares surged 4.7 per cent to quote at Rs 1,338 on the BSE. The company introduced its ‘Happiness in a Bottle: A Happily Crafted Gin’ collection recently

• 14:25 | July 4, 2023

  The Wipro stock has advanced by 0.75% on NSE, trading at ₹394.55

• 14:24 | July 4, 2023

  Senco Gold IPO subscribed 0.38 times

  The Senco Gold IPO has been subscribed 0.38 times as of 2:10 pm on Tuesday (July 4). The NIIS portion has been subscribed 0.25 times, and the retail portion 0.65 times

• 14:19 | July 4, 2023

  Bajaj Finance, Hero Motocorp, Tech Mahindra, Dr Reddy’s among top gainers on NSE

  Major stocks that advanced on the NSE at 2:06 pm on Tuesday: Bajaj Finance (7.14% change); Bajaj Finserv (5.53%); Hero Motocorp (3.18); Tech Mahindra (2.26%); Dr Reddy’s Laboratories (1.40%).

  Stocks that were negative include: Eicher Motors (-6.17%); Bharti Airtel (-1.61%); Grasim (-1.56%)

• 14:18 | July 4, 2023

  Bajaj Finance, Genus Power, Shilpa Medicare, PNB top gainers on BSE

  Major stocks that gained on the BSE at 2 pm on Tuesday: Bajaj Finance (7.14% change); Genus Power Infrastructures (8.95%); Shilpa Medicare (5.39%); PNB (5.50); Radico Khaitan (5.56%)

• 14:14 | July 4, 2023

  SBI Caps opens branch office in Abu Dhabi Global Market

• 14:11 | July 4, 2023

  Mumbai international airport expands pre-embarkation security check facility

  Mumbai’s Chhatrapati Shivaji Maharaj International Airport, managed by the Adani Group, recently unveiled the expansion of Pre-Embarkation Security Check (PESC) facility.

  The first phase of the project added eight new security lanes, including a domestic-to-domestic transfer facility.

  The second phase nearly doubled the processing space at the PESC.

• 14:04 | July 4, 2023

  Kansai Nerolac Paints up 4.32 per cent

  Stocks of Kansai Nerolac Paints have advanced 4.32 per cent, trading at ₹321 on the NSE. The company’s board on Monday approved the sale of its land in Thane, Mumbai.

• 14:03 | July 4, 2023

  Bajaj Finance stock up 7.12 per cent on NSE

  The Bajaj Finance stock is up by 7.12 per cent on the NSE, trading at ₹7,855.10 per share. The AGM on July 26 will consider and adopt consolidated financial statements for the financial year ended March 31, 2023.

• 13:58 | July 4, 2023

  Residential sector sales at 1,56,640 units in first-half

  The residential sector has recorded sales of 156,640 units in the first-half of this year, marginally lower by one per cent year-on-year, but two per cent higher compared to quarter-on-quarter.

  While low-interest rates and comparatively low residential prices sparked the revival in demand, the residential sales level sustained even as interest rates rose, said Knight Frank India in its latest report. New launches stood at 1,73,364 units, up 8 per cent y-on-y.

  The first-half saw growth in the premium residential segment across cities. The demand for mid-segment homes eclipsed the affordable segment.

• 13:51 | July 4, 2023

  PKH Ventures IPO subscription

  The PKH Ventures IPO has been subscribed 0.49 times as of 1:24 pm on Tuesday (July 4), the last day for public investors to subscribe to the IPO. The QIB portion has been subscribed 0.11 times, NIIS 1:14 times, and retail 0.75 times

• 13:29 | July 4, 2023

  Slowdown in entry-level car segment affects overall volumes

  Retail volumes in the domestic passenger vehicle industry were muted on a year-on-year basis due to slowdown in the entry-level car segment, according to Arun Agarwal, VP of Fundamental Research, Kotak Securities Ltd. Domestic two-wheeler volumes declined on a month-on-month basis led by a decline in EV sales (reduction in FAME-II subsidy) and seasonality (related to monsoon onset). Two-wheeler exports saw a gradual recovery in June 2023 on a sequential basis, but were weak on a year-on-year basis. Commercial vehicle segment volumes were impacted by weaker performance in the light commercial vehicle segment. Tractor sales improved marginally on year-on-year basis despite the late onset of monsoon.”

• 13:06 | July 4, 2023

  HMA Agro Industries trades up by 0.18% on NSE

  HMA Agro Industries stock is up by 0.18% on NSE, trading at ₹626.15 per share.

• 13:04 | July 4, 2023

  Vodafone Idea introduces data packs for hourly, daily use

  Vodafone Idea has introduced data packs for hourly, daily use. It is offering unlimited data for one hour at ₹24 and 6 gb data for 24 hours at ₹49

• 13:00 | July 4, 2023

  Muted opening for European markets; mixed close for Asian markets

  Muted opening for European markets, with key indices across Germany, UK, France and Italy opening flat to up 25 bps. Amongst Asian markets, Japan’s Nikkei closed 1 per cent down for the day, while China’s SSE Composite closed flat.

  US markets futures are trading flat. US markets are closed today on account of Independence Day holiday there on July 4

• 12:50 | July 4, 2023

  Axis Bank trades lower by 0.24% on BSE

  Axis Bank stock price was down by 0.24% on Tuesday trading at ₹980.35 on BSE. On July 3, a stock exchange filing by Axis Bank disclosed the allotment of 75,351 equity shares of ₹2 each pursuant to the exercise of stock options under its ESOP scheme. The paid-up share capital of the bank has accordingly increased from ₹615,94,77,808 (307,97,38,904 equity shares of ₹2 each) to ₹615,96,28,510 (307,98,14,255 equity shares of ₹2 each).

• 12:49 | July 4, 2023

  BoI launches Mahila Samman Savings Certificate

  Bank of India has launched Mahila Samman Savings Certificate, 2023.

  Under the scheme, individual girls or women can open a Mahila Samman Savings Certificate or a guardian can open an account on behalf of a minor girl.

  The minimum investment required is ₹1,000 and the maximum limit of ₹2 lakh. Individuals can open multiple accounts with a gap of three months between each account, subject to the overall investment cap of ₹2 lakh.

• 12:39 | July 4, 2023

  Nifty outlook by Anand James, Chief Market Strategist at Geojit Financial Services

  A brief downswing and consolidation thereof yesterday positions bulls and bears more evenly than earlier. Yet, momentum favours upsides, which encourages us to look for 19,394 today. Alternatively, slippage past 19,300 will have to be seen as initial signs of weakness, but we will wait for a fall below 19,350 to play such downsides. Even in such a scenario, we do not see a weakness that is large enough to stretch as far as 19,100 or 18,980.

• 12:35 | July 4, 2023

  Stocks in focus on the BSE

  Major stocks that gained on BSE at 12:30 pm on Tuesday: ​Bajaj Finance ​(7.35% change); ​Genus Power Infrastrutures​ (9.57%); ​Tata Teleservices (Maharashtra) ​(5.67%); PNB (3.21%); ​Radico Khaitan​ (7.44%)

• 12:28 | July 4, 2023

  Stocks in focus on the NSE

  Major stocks that gained on the NSE at 12:20 pm on Tuesday: Bajaj Finance (7.38% change); Bajaj Finserv (5.56%); Hero Motocorp (2.33%); Titan (1.59%); State Bank of India (1.46%).

  Stocks that were negative on NSE at 12:26 pm: Eicher Motors (-5.45%); Bharti Airtel (-1.61%); Grasim Industries (-1.54%); Reliance Industries (-1.06%); ONGC (-1.01%)

• 12:23 | July 4, 2023

  Senco Gold IPO

  Senco Gold IPO Subscription Data (as of 12:15 pm, July 4)

  Total: 0.24 times

  QIB: NIL

  NIIS: 0.15 times

  Retail: 0.41 times

  The company closes its ₹450 crore IPO on July 6. The IPO comprises a fresh issue of equity shares aggregating up to ₹270 crore and an offer-for-sale (OFS) of equity shares worth ₹135 crore by shareholder, SAIF Partners India IV Ltd.

• 12:16 | July 4, 2023

  European stocks to open in a neutral manner but marginally negative

• 12:16 | July 4, 2023

  Bandhan Mutual Fund to launch NFO on Bandhan Financial Services Fund

  Bandhan Mutual Fund will launch new fund offer on Bandhan Financial Services Fund, an open-ended equity scheme. The scheme will be open for subscription between July 10-24. The fund offers investors the opportunity to benefit from the growth opportunities in the financial services sector.

• 12:14 | July 4, 2023

  Rama Steel registers a sales volume of 48,437.69 tonne in Q1

  Rama Steel has registered a sales volume of 48,437.69 tonne in Q1 FY24 compared to 29,833.96 tonne in Q1 FY23.

• 12:13 | July 4, 2023

  Zydus Lifesciences receives approval from US FDA for Oxcarbazepine Tablets

  Zydus Lifesciences has received the final approval from the US FDA for Oxcarbazepine Tablets that are used alone or with other medications to treat seizure disorders.

• 12:12 | July 4, 2023

  BSE stocks at noon

  Stocks advanced on BSE at 12 pm on Tuesday were 1,708 against 1,597 stocks that declined. The total stocks traded were 3,457. The number of stocks that recorded a 52-week high was 167 and those that hit a 52-week low was 33.

• 12:05 | July 4, 2023

  MEA sanctions ₹261.71 crore towards redevelopment of MEA Housing Complex: NBCC

  NBCC (India) says Ministry of External Affairs has sanctioned an amount of ₹261.71 crore for the “redevelopment of MEA Housing Complex”

• 12:03 | July 4, 2023

  IOL Chemicals and Pharmaceuticals Ltd rating reaffirmed to A+ by CARE Ratings

  IOL Chemicals and Pharmaceuticals Ltd rating was reaffirmed to A+ by CARE Ratings. Shares of the company on Tuesday were down by 7.65%, trading at ₹374.90 per share compared to the previous close of ₹402.95.

• 12:02 | July 4, 2023

  Wipro share buyback Scheme: Unaccepted Shares Credited in Demat

  The ₹12,000-crore share buyback window of Wipro opened on June 22. The IT major planned to buy back up to 26,96,62,921 shares of face value ₹2 each, accounting for 4.91 per cent of all equity shares through tender route on a proportionate basis. The company offered to buyback shares at ₹445.

• 11:45 | July 4, 2023

  HDFC Bank trades higher by 0.14% on BSE

  Stocks of HDFC Bank were trading at ₹1,722 per share, up by 0.14% on BSE.

• 11:44 | July 4, 2023

  Monsoon turns resurgent with intense rain for second day

  The monsoon has turned resurgent with an intense spell of rain for the second day on Tuesday. India Meteorological Department has predicted light to moderate to fairly widespread to widespread rain with isolated heavy to heavy falls will continue over South India during the next five days. Isolated extremely heavy rainfall is likely over Kerala on Tuesday and Wednesday and over Coastal and South Interior Karnataka on Tuesday.

• 11:42 | July 4, 2023

  JM Financial announces close of its maiden Credit fund

  JM Financial has closed its Performing Credit Fund – JM Credit Opportunities Fund – 1.

  The fund targets a final close of about ₹1,500 crore, including co-investments with JM Group.

  JM Credit Opportunities Fund - 1, a category II AIF registered with SEBI, is a sector-agnostic private credit fund. It aims to capture opportunities from the dislocations in credit markets caused by regulatory differences between banks and NBFCs, for both promoters and operating companies.

  The fund targets gross returns in the mid to high teens through a mix of secured lending, with potential upside participation in equity performance of underlying companies.

• 11:37 | July 4, 2023

  PKH Ventures IPO

  PKH Ventures IPO Subscription Data (as of 11:24 am, July 4)

  Total: 0.38 times

  QIB: 0.11 times

  NIIS: 0.82 times

  Retail: 0.59 times

  Tuesday (July 4) is the last day for public investors to subscribe to PKH Ventures IPO

• 11:33 | July 4, 2023

  NDR Auto Components trades higher on Maruti Suzuki sales

  Riding on ​Maruti Suzuki’s​ higher sales, auto components maker, NDR Auto, gained two per cent to ₹840 a piece at 11.30 am. ​Maruti Suzuki’s sales​ volume almost doubled in the June quarter. As a supplier of seats for several Maruti Suzuki models, NDR Auto Components caters to about 33 per cent of Maruti Suzuki’s seat requirements. It supplies high-quality frames to Maruti, including popular car models, such as the Brezza, Grand Vitara, Fronx, and Jimny.

• 11:21 | July 4, 2023

  Biocon stock declines by 0.3%

  Biocon stock declined by 0.3 per cent by 11 am today despite news of the biosimilar Hulio launch. Nine biosimilars will compete for the market of Humira, which is the innovator product with sales of $18 billion in FY22 in the US market. Despite the large market size, price competition weighs heavily on prospects. Biocon will be aiming for interchangeability status to differentiate the product, but so are four other players along with one already launched with interchangeability.

• 11:11 | July 4, 2023

  Gold trades higher at 0.11%

  Gold was up marginally in Asian trade on Tuesday morning. It was up 0.11% at $1,923.60 an ounce. Gold is subdued as investors await the US Federal Reserve’s June policy meeting minutes due this week for more clues on interest rates.

• 11:04 | July 4, 2023

  PSU banks shine

  The stock price of State Bank of India gained 1%, Punjab National Bank (4%), Bank of Baroda (2%) and Canara Bank (2%).

• 11:02 | July 4, 2023

  Stock to watch: Adani Transmission

  Fortitude Trade and Investment sold 3,39,17,200 equity shares (3.04%) of Adani Transmission on June 30, while Adani Tradeline Pvt Ltd. sold 36,87,394 equity shares (033%). The stock of ATL is trading at ₹774 per share on the NSE, up by 0.10%.

• 11:00 | July 4, 2023

  Jio Bharat a negative for Bharti Airtel: JP Morgan

  “We believe Jio Bharat phone can take market share at the lower end of the market. This also puts Bharti at risk as it can see increased churn from its recent 2G price action of increasing the Rs 99 plan to Rs 155 plan. We believe this is negative for Bharti as any hopes of a tariff hike should be diluted over the next 12-18 months,” JP Morgan said.

  “We believe a combination of higher 5G capex, a lack of tariff hikes and deflation in premium ARPUs will drive down ROICs for Bharti,” it added.

• 10:56 | July 4, 2023

  Eicher Motors top loser among Nifty50 stocks

  Eicher Motors stock is under pressure. It is down by more than 4 per cent to ₹3,470 as launch of Made in India Harley Davidson bikes triggers concerns on increased competition.

  In the US markets Harley Davidson got a boost yesterday, up by more than 3 per cent to $36 after it launched its new bikes in India.

• 10:53 | July 4, 2023

  Stocks in focus: Bajaj Finance, Federal Bank gain

  Bajaj Finance, Federal Bank shares surged 7 percent and 2.70 per cent, respectively, as they projected upbeat numbers for the quarter ended June 2023.

• 10:51 | July 4, 2023

  Bank Nifty Call: Stay out of the market

  The Bank Nifty July Futures (45,255) is trading flat. The contract is stuck between 44,900 and 45,450 since Monday. Since the contract has been range bound, we suggest traders to stay out of the market.

• 10:50 | July 4, 2023

  Fantasy sports clock Rs 2,800 crore in revenue during IPL 2023

  Fantasy sports made Rs 2,800 crore in Gross Gaming Revenue during the IPL season in 2023 with 60 million viewers participating. Redseer’s analysis revealed a 24 per cent jump in gross gaming revenue from Rs 2250 crore in IPL 2022, and the market has grown at a CAGR of 30 per cent since IPL 2019.

  Nazara Technologies gained over 0.5% at Rs 712 per share.

• 10:30 | July 4, 2023

  Kapas contract down NCDEX

  Kapas April 2024 futures on NCDEX down to ₹1,502 (0.17%) a bale.

• 10:30 | July 4, 2023

  Copper, zinc futures gain on MCX; Cotton, lead drop

  Copper and zinc futures gained on MCX, while Cotton and lead contracts dropped.

• 10:28 | July 4, 2023

  Rupee rises 4 paise to 81.87 against US dollar

  The rupee gained 4 paise to 81.87 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows.

  However, a strong US dollar and surge in crude oil prices capped sharp gains for the local unit, forex traders said.

• 10:27 | July 4, 2023

  Nifty Call: Wait for dips to go long

  The Nifty 50 July Futures (19,400) is marginally down by 0.05 per cent. The contract made a high of 19,473.90 and has come down giving back all the gains. Failure to rise back above 19,430 from current levels can drag the Nifty 50 July Futures contract down to 19,350-19,330 during the day.

  Traders can wait for dips and go long at 19,360 and 19,340. Keep the stop-loss at 19,310. Trail the stop-loss up to 19,375 as soon as the contract moves up to 19,410.

• 10:24 | July 4, 2023

  JSW Energy up 2.87% on NSE

  The JSW Energy gained 2.87% to ₹297.30 on NSE.

• 10:21 | July 4, 2023

  Vi, Airtel to be impacted if 40% of 2G users switch to JioBharat phone: report

  EBITDAs of Vi and Airtel will be impacted if 40% of 2G users switch to JioBharat phone, said a report by Emkay. Vi and Airtel had 103 million and 111 million 2G subscribers, respectively, at the end of Q4 FY23, which contributed 26%/20% to their respective mobile revenue. Assuming 40% of 2G users shift to JioBharat, the impact on India’s mobile revenue for Vi/Airtel can be 11%/8% and the impact on EBITDA can be 19%/11%. It will impact Airtel’s consolidated EBITDA by 6%, added the report.

  The share price of Vodafone Idea was down 1.3%, while Bharti Airtel lost over 1.7%.

• 10:14 | July 4, 2023

  MCX-Gold, Silver

  MCX August gold contracts up at ₹58,325/10 gm. Silver September futures rise to ₹70,394 a kg.

• 10:13 | July 4, 2023

  Commodity futures: Jeera tops Rs 54,000, Turmeric below Rs 10,000

  Jeera futures on NCDEX top ₹54,000/quintal, while Turmeric August contracts fall below ₹10,000 a quintal.

• 10:11 | July 4, 2023

  HMA Agro Industries makes strong debut on bourses

  HMA Agro Industries makes strong debut on bourses. The stock gained about 8 per cent to hit a high of Rs 667. It was listed at ₹625 per equity share, a premium of more than 6 per cent against the issue price of ₹585/share on NSE

• 10:07 | July 4, 2023

  Tanla Platforms gains 4.86%

  Communication-platform-as-a-service (CPaaS) company Tanla Platforms has gained 4.86% to trade t Rs 1,068.15.

• 10:06 | July 4, 2023

  Indian markets likely to be lacklustre today

  With US market closed for July 4 holiday, Indian markets could be lacklustre too. The FOMC minutes due this week will be eagerly watched for indications on future trajectory of Fed’s interest rate hikes.

• 10:04 | July 4, 2023

  Minda Corp declines nearly 5%

  Minda Corp shares decline nearly 5% at Rs 279.90 following block deals worth over ₹50 crore on BSE.

• 10:00 | July 4, 2023

  Sensex, Nifty surrender initial gains

  Equity benchmarks BSE Sensex and NSE Nifty have surrendered the initial gains. After gaining over 0.4% in the initial trades, Sensex was trading 0.2% higher at 65,344 pts, while Nifty50 was trading flat at 19,317.

• 09:57 | July 4, 2023

  HDFC twins trading flat

  HDFC and HDFC Bank are trading flattish after yesterday’s gains. This is despite Morgan Stanley rating the HDFC Bank stock “Overweight” in a report yesterday with a targeted upside of 24%.

• 09:55 | July 4, 2023

  M&M Finance's disbursements up 12% in June

  M&M Financial Services disbursements were up 12 per cent y-o-y at ₹4,250 crore in June. The stock lost nearly 2% in early trade.

• 09:51 | July 4, 2023

  IPO alert: Senco Gold raises Rs 122 crore from anchor investors

  Senco Gold set for an IPO this week has raised Rs 122 crore from anchor investors - Nippon MF, Whiteoak MF, Bandhan MF, 3P India Equity Fund, Franklin MF have been the key investors.

• 09:50 | July 4, 2023

  Nifty50 top losers

  Top Nifty50 losers at 9:40 am are: Eicher Motors (-4.43% change); Bharti Airtel (-1.80%); ONGC (-1.66%); Reliance Industries (-1.18%) ; NTPC (-1.10%)

• 09:47 | July 4, 2023

  Major gainer: Genus Power (10% up)

  Order win lights up 10% spike in Genus Power stock

  Genus Power Infrastructures shot up 10.7% after announcing it has received a letter of award (LOA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP). The order win includes design of AMI system with supply, installation and commissioning of 27.69 Lakhs Smart Prepaid Meters, Feeder Meter, DT Meter level energy accounting and FMS of these 27.69 lakhs smart meters.

• 09:45 | July 4, 2023

  Stock to watch: Avenue Supermarts

  Avenue Supermarts’ DMart Q1 stand-alone revenue from operations up 18 per cent at Rs 11,584 cr (Rs 9,807 crore) y-o-y. The stock lost 0.2% at 9.48 am.

• 09:43 | July 4, 2023

  Kellton Tech gains 6.25%

  Kellton Tech gains 6.25% to Rs 75 in early trade.

• 09:41 | July 4, 2023

  Stock to watch: Torrent Power

  Torrent Power implements green hydrogen pilot for city gas distribution network. The stock gained over 0.5% in early trade.

• 09:39 | July 4, 2023

  Hind Zinc Q1 output up 2%

  Hind Zinc’s Q1 mined metal up 2 per cent at 2.57 lakh tonne Vs 2.52 lakh tonne (YoY).

• 09:38 | July 4, 2023

  Stocks that gained the most

  Major stocks that gained the most in early trade on the BSE are: Bajaj Hindusthan Sugar (4.46%); Bajaj Finance (7.17%); Kansai Nerolac Paints (7.99%); Genus Power Infrastructures (10.80%); Suzlon Energy (6.70%).

• 09:36 | July 4, 2023

  Reliance Industries loses 1.4% in early trade

  The stock of Reliance Industries was trading at ₹2578.55, down by 1.40%. Reliance Jio on Monday announced the launch of Jio Bharat, an internet-enabled phone at ₹999.

• 09:29 | July 4, 2023

  IDFC First Bank declines over 4%

  IDFC First Bank declines over 4.38% to Rs 78.35 at market open

• 09:26 | July 4, 2023

  Crude oil futures trade higher

  Crude oil futures traded higher on Tuesday morning as Saudi Arabia, a major producer, decided to extend its voluntary production output cut of 1 million barrels a day to August also. Apart from this, Russia, which is another important crude oil producer, decided to reduce its export by 500,000 barrels a day in August.

  At 12.56 pm, September Brent oil futures were at $75.23, up by 0.78 per cent; and August crude oil futures on WTI were at $70.35, up by 0.80 per cent.

  July crude oil futures were trading at ₹5784 on MCX in the initial trading hour of Tuesday morning against the previous close of ₹5753, up by 0.54 per cent; and August futures were trading at ₹5821 as against the previous close of ₹5787, up by 0.59 per cent.

• 09:26 | July 4, 2023

  Buzzing stock: Biocon surges 1.3% per cent to ₹266.89

  The stock of Biocon Ltd gained 1.3 per cent ₹266.89, on the BSE, as its arm launched a biosimilar product in the US markets. Biocon Biogics Ltd, a subsidiary of Biocon Ltd, on Monday, announced the launch of HULIO injection in the US, a biosimilar alternative to Humira (adalimumab), which has already gained five years of success in Europe and two years in Canada.

• 09:24 | July 4, 2023

  Stocks to watch: Anupam Rasayan and Tube Investments of India

  Anupam Rasayan has inked a Memorandum of Understanding with 3xper Innoventure Ltd, a subsidiary of Tube Investments of India Ltd, for supply of targeted and identified new-age pharma molecules. The identified products for Active Pharmaceutical Ingredients (API) will be developed under the CRAMS and CDMO models.

• 09:22 | July 4, 2023

  Suzlon Energy gains 7.6% to hit Rs 18

  Suzlon Energy gained 7.6 per cent to hit Rs 18 in early trade

• 09:17 | July 4, 2023

  Sensex, Nifty gain 0.4% in early trade

  On Tuesday morning, the 30-share BSE Sensex surged 300 points or 0.46 per cent to 65,503 points, while the broader 50-share NSE Nifty climbed 70 points or 0.36 per cent to 19,392 points. Bajaj Finance gained 7.19%, while Bajaj Finserv gained 5.45% in early trade.

• 09:12 | July 4, 2023

  Stock to watch: GenusPower Infrastructures

  GenusPower Infrastructures has won an order worth Rs 2,207.53 crore for smart prepaid meters.

• 09:11 | July 4, 2023

  IndusInd International Holdings to raise $1.5 billion

  Hinduja Group’s IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, will raise $1.5 billion to increase shareholding in IndusInd Bank from 15 per cent to 26 per cent, and for funding the acquisition of Reliance Capital.

• 09:07 | July 4, 2023

  Benchmarks gain in pre-open session

  Sensex and Nifty gained 0.6% each in pre-open session

• 09:06 | July 4, 2023

  Stock to watch: IDFC First Bank

  The board of IDFC First Bank has approved a composite scheme of amalgamation amongst IDFC Financial Holding Company Ltd and IDFC with itself. The scheme envisages reduction of a securities premium account of the bank. Shareholders will get 155 shares of IDFC First Bank for 100 shares of IDFC. Post-merger the book value per share of the bank would increase by 4.9 per cen.

• 09:05 | July 4, 2023

  Stock to watch: Reliance Industries

  Reliance Jio Infocomm Ltd, the telecom arm of ​Reliance Industries Ltd​, is to launch a new internet-enabled phone priced at ₹999 ($12.19) to boost digital adoption among entry-level mobile phone users in the country.

• 09:04 | July 4, 2023

  IDFC First Bank top contender for MSCI Aug inclusion: report

  According to Nuvama, IDFC First Bank is the top contender for inclusion in MSCI next month.

• 09:00 | July 4, 2023

  Stocks to watch today

  Reliance Industries, Tube Investments, IDFC First Bank, IDFC, Biocon, Anupam Rasayan, Lupin, IndusInd Bank, Eris Lifesciences, Genus Power, SRG Housing and Waaree Renewables are some of the stocks that are in focus today.

• 08:59 | July 4, 2023

  Sula Vineyards appoints Karan Vasani as COO

  Sula Vineyards appoints Karan Vasani as Chief Operating Officer

• 08:58 | July 4, 2023

  Lupin receives US FDA approval for gNascobal Nasal spray

  Lupin Ltd has received approval from the US health regulator for its generic version of Cyanocobalamin nasal spray. The approval granted by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application for Cyanocobalamin nasal spray of strength 500 mcg/spray (one spray per device), Lupin said in a statement. The stock gained 0.43% on the NSE.

• 08:57 | July 4, 2023

  Adani Green Energy board to meet on July 6

  Adani Green Energy board will meet on July 06 to consider fund raise plan

• 08:55 | July 4, 2023

  Hero MotoCorp gains 3.3%

  Harley-Davidson and Hero MotoCorp have launched X440 in India. The smallest and most affordable Harley-Davidson bike is priced at Rs 2.29 lakh (ex-showroom).

  The share price of Hero Motocorp gained 3.3% at Rs 2,995 on NSE.

• 08:53 | July 4, 2023

  Chalet Hotels board approves Rs 500 crore fund raising plan

  Chalet Hotels board approves fund raising of up to Rs 500 crore via NCDs

• 08:52 | July 4, 2023

  Oil India board approves revised capex plan

  Oil India board approves revision of project capital for Numaligarh refinery from Rs 6,555 crore to Rs 7,231 crore.

• 08:49 | July 4, 2023

  Vedanta’s cast metal aluminium production up 2%

  Vedanta’s cast metal aluminium production increased by 2 per cent YoY and 1 per cent QoQ.

• 08:48 | July 4, 2023

  IPO screener: Senco Gold issue opens today

  The ₹405-crore initial public offering of Senco Gold opens for public subscription today. The IPO, which closes on July 6, comes out with a price band of ₹301-317. Investors can bid for a minimum of 47 equity shares.

• 08:45 | July 4, 2023

  Bonus Issue: Bhansali Engineering Polymers Ltd.

  Bhansali Engineering Polymers Ltd

  Bonus issue 1:2

  Previous day closing Price – Rs. 129.95

  Ex Bonus - 05 July 2023 (Tomorrow)

  Last date for trade before bonus - Today

• 08:42 | July 4, 2023

  Dividend Alerts: Deepak Spinners, Mphasis, Sundaram Finance

  Ex-Dividend 05 July 2023 (Tomorrow)

  Last date for Cum-Dividend Today

  Deepak Spinners Ltd.

  Dividend Per Share Rs .2.5

  Previous day Closing Price – Rs. 242.4

  Mphasis Ltd.

  Dividend Per Share Rs.50

  Previous day Closing Price – Rs. 1903.05

  Sundaram Finance Ltd.

  Dividend Per Share Rs.15

  Previous day Closing Price – Rs. 2635.15

• 08:38 | July 4, 2023

  IPO screener: PKH Ventures issue closes today

  Today is the last day for public investors to subscribe to PKH Ventures IPO. The ₹379-crore initial public offerings of construction company, PKH Ventures, received a lukewarm response from investors on Day 2 of the issue opening as only 30 per cent of it was subscribed overall on the second day of the issue on Monday. The price band for the shares has been fixed at ₹140-148.

• 08:36 | July 4, 2023

  Stock to buy today: JSW Energy

  The short-term outlook is bullish for JSW Energy. The stock surged 5.9 per cent on Monday and has closed on a strong note.

  Traders can go long at current levels. Accumulate on dips at ₹278. Stop-loss can be kept at ₹263. Trail the stop-loss up to ₹295 as soon as the stock moves up to ₹305. Move the stop-loss further up to ₹310 when the share price touches ₹320. Exit the long positions at ₹325.

• 08:33 | July 4, 2023

  Day Trading Guide for July 4, 2023

  Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

• 08:31 | July 4, 2023

  Sensex, Nifty likely to open flat

  Domestic markets are expected open on a flat note on Tuesday. Analysts expect profit taking and less participation. Nifty futures at 19,449.50 in NSEIX signals a flat opening but in positive zone.

  The ongoing rally in global stock markets and India’s strong macroeconomic stability have led the market to reach an all-time high, which we expect to continue further at least for the short term., said Riches Vanara, Technical And Derivatives Analyst, stoxbox.

Published on July 4, 2023