Despite hitting a fresh record high of 23,664 during the session, Nifty 50 closed 42 points, or 0.18%, lower at 23,516. The Sensex also reached a new high of 77,851.63 but ended with a modest gain of 36 points, or 0.05%, at 77,337.59.
The Indian stock market paused its record-setting spree as investors booked profits amid weak global cues and a lack of fresh domestic triggers. Experts anticipate a capped upside until the July Budget.
Impact on the stock market today
The Nifty Private Bank index surged 2.01%, while the PSU Bank index saw a modest gain of 0.09%.
Among the major decliners, Nifty Realty dropped 2.83%, Consumer Durables fell 1.96%, Oil & Gas slid 1.74%, Auto decreased 1.30%, Media declined 1.29%, and Metal lost 1.18%.
| Sector/Index | Performance |
| Information Technology | +0.36% |
| Healthcare | -0.86% |
| Oil & Gas | -1.74% |
| Realty | -2.83% |
| PSU Banks | +0.09% |
Today top gainers in stock market
| Company | Price | Change (%) |
| HDFC Bank share price | 1,657.85 | +3.11% |
| Axis Bank share price | 1,226.65 | +2.92% |
| ICICI Bank share price | 1,144.45 | +1.92% |
| Kotak Mahindra share price | 1,746.70 | +1.59% |
| IndusInd Bank share price | 1,528.20 | +1.35% |
Today top losers in stock market
| Company | Price | Change (%) |
| Titan Company share price | 3,462.35 | -3.53% |
| L&T share price | 3,589.95 | -2.69% |
| Maruti Suzuki share price | 12,242.10 | -2.54% |
| Bharti Airtel share price | 1,392.35 | -2.52% |
| Hindalco share price | 662.40 | -2.41% |
Market aftermath: Impact on stocks today
Datamatics surges 7% on AI patent grant
Datamatics’ stock surged over 7% after announcing it was granted a patent for its AI-powered Intelligent Document Processing software, TruCap+. The software automates data extraction from complex documents and integrates Generative AI capabilities.
In Q4 FY2024, Datamatics reported a 12% drop in net profit to ₹52.5 crore, with revenue down 0.9% to ₹412.7 crore. EBITDA fell 23.2% to ₹64.7 crore. For the full year, net profit rose 4.9% to ₹198.2 crore, and revenue increased 6.2% to ₹1,549.9 crore.
Ixigo gains 19% on the second day of listing
Ixigo’s parent company, Le Travenues Technology Ltd, saw its shares double from the IPO price in two days. On June 19, Ixigo stock surged 19% to ₹197.5, 112% above its ₹93 IPO price.
The stock debuted on June 18 at a 48% premium, closing at ₹165.72, up 78%. Nomura acquired shares worth ₹106.55 crore. The ₹740.1-crore IPO, open from June 10-12, was oversubscribed 98 times.
Craftsman automation rises 4% on ₹1,200-crore QIP launch
Craftsman Automation Ltd shares surged nearly 4% on June 19 after launching a ₹1,200-crore qualified institutional placement (QIP). The QIP floor price is set at ₹4,426.11 per share, over 7% lower than the previous close of ₹4,768.30 on the NSE.
The company may offer up to a 5% discount. The stock reached an intra-day high of ₹4,944.7. Craftsman’s net profit fell 12.1% to ₹70.5 crore in Q1 2024, with revenue up 12.7% to ₹1,105 crore.
Crude oil futures rise
Crude oil futures edged higher on Wednesday morning amid escalating tensions in Russia, Ukraine, and the West Asian region. By 9:52 am, August Brent oil futures were at $85.34, a marginal increase of 0.01%. August WTI crude oil futures traded at $80.73, up by 0.02%.
On the Multi Commodity Exchange (MCX), July crude oil futures were at ₹6737, rising 0.52% from the previous close, while August futures stood at ₹6703, up by 0.54% from ₹6667.
Conclusion
In summary, June 19 saw the Indian stock market retreat slightly after recent highs, driven by profit-taking amid global uncertainties. Nifty 50 and Sensex hit new records intraday but closed marginally lower.
Key highlights included Datamatics’ AI patent boost, Ixigo’s stellar IPO performance, and Craftsman Automation’s significant QIP launch. Crude oil futures rose amid geopolitical tensions, shaping market sentiment.
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