Market Wrap-Up: Latest Updates on Nifty 50, Sensex, and Global Markets – 18 Jun 2024

The stock market today is buzzing with activity, with several companies making significant moves. Premier Explosives shares have hit a 10% upper circuit, gaining a whopping 78% in just 8 sessions. This surge comes as the government pushes for self-sufficiency in the defense sector, opening up growth opportunities for industry players.

In another exciting development, penny stock Refex Industries has soared an incredible 13765% in the past decade, with a 1351% increase in the last 5 years. This exceptional performance positions Refex Industries as a standout performer in the penny stock category.

Foreign investors are back to buying Indian equities, with net purchases of shares worth ₹11,730 crore last week. This shift in sentiment is supported by improving macroeconomic indicators and positive policy expectations.

Nandan Denim share price has hit a 52-week high after the announcement of a 1:10 stock split, opening upside at ₹46 and touching an intraday high of ₹52.77 on the NSE.

Analysts have recommended two technical stock picks amid the bullish market sentiment: KRBL and Ratnaveer Precision Engineering.

The Indian liquor industry is thriving post-COVID, with stocks like Radico Khaitan and United Spirits surging between 10% to 88% in the last year.

In the debt market, bond yields have cooled off after the RBI declared a dividend of ₹2.1 lakh crore, providing flexibility to the central government on the fiscal side.

However, not all companies are faring well. Som Distilleries and Breweries shares tanked 16% amid concerns of child labor issues, although the company clarified that the concerns were related to an associate company, not the listed one.

Overall, the stock market is dynamic and full of opportunities for investors. Stay tuned for more updates on market movements and top stock picks.