Market Commentary     18-Jun-24
Mid-Session
Nifty above 22,500 level; consumer durables rally for 9th day
The frontline indices traded with decent gains in morning trade. The Nifty traded above the 23,500 level. Consumer durables shares witnessed buying demand for the ninth consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex was up 214.36 points or 0.32% to 77,207.13. The Nifty 50 index added 72 points or 0.31% to 23,537.60.

The Sensex and Nifty clocked an all-time high of 77,366.77 and 23,579.05 respectively in morning trade.

In the broader market, the S&P BSE Mid-Cap index added 0.14% and the S&P BSE Small-Cap index rose 0.34%.

The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit an all-time high at 46,278.53 and 51,758.97 respectively.

The market breadth was positive. On the BSE, 2,049 shares rose and 1,637 shares fell. A total of 207 shares were unchanged.

New Listing:

Shares of Le Travenues Technology were currently trading at Rs 143.95 at 10:15 IST on the BSE, representing a premium of 54.78% as compared with the issue price of Rs 93.

The scrip was listed at Rs 135, exhibiting a 6.63% premium to the issue price.

So far, the stock has hit a high of 147.76 and a low of 135. On the BSE, over 31.94 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Consumer Durables gained 1.30% to 38,474.30. The index surged 12.44% in nine consecutive trading sessions.

Cera Sanitaryware (up 5.63%), Voltas (up 2.97%), V-Guard Industries (up 2.94%), Titan Company (up 2.24%), Century Plyboards (India) (up 1.72%), Blue Star (up 1.51%), Dixon Technologies (India) (up 0.91%), Crompton Greaves Consumer Electricals (up 0.73%), Amber Enterprises India (up 0.28%) and Kalyan Jewellers India (up 0.16%) advanced.

On the other hand, Kajaria Ceramics (down 1.34%), Whirlpool of India (down 1.24%) and Rajesh Exports (down 1.07%) edged lower.

Stocks in Spotlight:

Godawari Power & Ispat rallied 3.63% after its board has approved a share buyback of upto Rs 301 crore at a price of Rs 1,400 per equity share through tender offer route.

Roto Pumps surged 9.85% after the company announced that it has received a purchase order worth Rs 14.40 crore from GPS Renewables.

Rail Vikas Nigam (RVNL) advanced 2.50% after the company has emerged as lowest bidder (L-1) from East Coast Railway for installing automatic block signaling system in Odisha.

Previous News
  Sensex gains 692 pts; Nifty closes above 22,800; VIX tumbles 11.04%
 ( Market Commentary - Quick Review 06-Jun-24   15:55 )
  RVNL gains on Rs 495-cr order win
 ( Hot Pursuit - 07-Jun-24   10:38 )
  RVNL emerges as L-1 Bidder for Rs 148-cr railway project
 ( Hot Pursuit - 29-Mar-24   13:08 )
  RVNL spurts on bagging multiple orders worth Rs 1,140 cr
 ( Hot Pursuit - 11-Mar-24   11:00 )
  Roto Pumps bags order worth Rs 14 cr
 ( Hot Pursuit - 17-Jun-24   12:55 )
  RVNL emerges as L-1 bidder for railway project worth Rs 160 cr
 ( Hot Pursuit - 15-Jun-24   15:01 )
  Rail Vikas Nigam successfully bids for Rs 72.73 cr project of North Central Railway
 ( Corporate News - 28-May-24   15:00 )
  Board of Rail Vikas Nigam recommends final dividend
 ( Corporate News - 30-May-23   16:06 )
  RVNL JV emerges as L-1 bidder for Rs 174-cr project
 ( Hot Pursuit - 22-Feb-24   14:24 )
  Roto Pumps schedules board meeting
 ( Corporate News - 15-May-23   14:07 )
  Roto Pumps to table results
 ( Corporate News - 28-May-24   15:32 )
Other Stories
  Market pares some losses; Bank shares under pressure
  05-Jul-24   11:32
  Indices trade with limited losses; private bank shares decline
  05-Jul-24   10:33
  Market drift lower in early trade; breadth strong
  05-Jul-24   09:31
  Benchmarks trade with decent gains; Auto shares rally for 2nd day
  04-Jul-24   14:37
  Barometers turn rangebound; European market opens higher
  04-Jul-24   13:35
  Nifty near 24,350; realty shares rally for 3rd day
  04-Jul-24   12:33
  Sensex up 205 pts; pharma shares rally
  04-Jul-24   11:36
  Indices came off the days high; IT shares extent gains for 6th day
  04-Jul-24   10:37
  Sensex, Nifty hits record high in early trade; breadth strong
  04-Jul-24   09:40
  Indices trade higher; PSU bank shares witness bargain buying
  03-Jul-24   14:38
Back Top