Latest Market News Today Live Updates: IPOs, Commodity News, Stock Market Updates, and More – June 18, 2024

The stock market today saw a flurry of activity with several key updates and developments. Here are some of the highlights from today’s live updates:

1. IPO News: DEE Development Engineers raised ₹125 crore from anchor investors ahead of its public issue, while Akme Fintrade garnered ₹38 crore from anchor investors.

2. Commodity News: Despite demand uncertainty, oil prices remained steady with Brent crude at $84.23 per barrel.

3. Stock Market Updates: Retail buying on 4 June pushed F25 buys to levels seen in the whole of F24, indicating strong investor confidence.

4. Market Trends: Nifty 50 set record highs 32 times in 2024, up 11% from the June 4 low, showcasing the market’s resilience and investor confidence.

5. Expert Views: Devina Mehra of First Global cautioned against unreasonable valuations in micro and small-cap stocks, advising investors to book profits.

6. Sector Performance: Defence stocks surged up to 20%, with companies like Paras Defence, HAL, and GRSE hitting record highs on the back of government initiatives to boost defence exports.

7. Stock Recommendations: Analysts recommended stocks like KRBL and Ratnaveer Precision Engineering for potential gains based on technical analysis.

8. Market Analysis: JSW Steel’s expansion push failed to woo investors, despite favorable market conditions, indicating investor indifference towards the stock.

9. Market Outlook: The Indian stock market was deemed not in a bubble zone by Devina Mehra, with P/E ratios indicating a balanced market.

10. Stock Performance: Bajaj Auto shares gained for the 12th straight day, surging past the ₹10,000 milestone on the back of positive market sentiment.

These updates reflect the dynamic nature of the stock market, with a mix of positive developments, cautionary advice, and sector-specific trends shaping investor sentiment. Stay tuned for more live updates on market trends and stock movements.