Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally

CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent

4:11 PM

Nifty tech view: Recovery may continue as long as index holds above 15,500

Nifty moved up after a brief consolidation on the daily chart.

On the higher end, it has reached near its previous swing low.

The daily RSI is in positive divergence. Over the short term, the index may move higher towards 16,000.

The recovery may continue as long as it holds above 15,500.

Views by Rupak De, Senior Technical Analyst at LKP Securities

4:08 PM

Post closing view: Recovery hints inflation, monetary policy worries factored in

Absence of fresh selling triggers in the domestic and global economy along with falling commodity prices relieved the heavily discounted equity market to showcase recovery.

The recovery indicates that the current uncertainties of inflation and monetary policy tightening have been factored in.

However, with the highly sensitive nature of the current equity market, even the slightest inconvenience can trigger volatility.

Views by Vinod Nair, Head of Research at Geojit Financial Services

Illustration: Binay Sinha

 

4:05 PM

India now the fourth largest gold recycling country: World Gold Council

Over the past five years, 11 per cent of India's gold supply came from 'old gold'; driven by movements in the gold price. Read here

4:04 PM

KEC International gains 2.6% on winning new orders worth Rs 1,092 crores

4:02 PM

Savita Oil Tech surges over 8% after board approves 1:5 stock split

4:01 PM

HAL spurts around 5%; board meet on June 28 to recommend final dividend

3:59 PM

Atul Auto soars over 5% on partnership with Valeo, Honda

The three have joined hands to accelerate 3-Ws' electrification in India. 

3:56 PM

IDFC Bank moves 1.7% up as 1% equity worth Rs 189 crores changes hands

 

3:54 PM

Positive market breadth in 3:1 ratio

3:52 PM

Sectoral trends: Oil & Gas, Metals, IT, PSBs leading winners

3:49 PM

Broader markets recoup Monday's losses; gain more than benchmarks

3:46 PM

Nifty losers: Only 2 declines with negligible losses

3:44 PM

Nifty top winners: Hindalco, Coal India, JSW Steel, Tata Motors additional gainers

3:42 PM

Sensex Heatmap: Nestle sole loser; Titan, SBI surge up to 5.7%

3:40 PM

Closing Bell: Nifty50 reclaims 15,600 mark on rising 290 pts

3:39 PM

Closing Bell: Market gains for second day; Sensex surges 934 points

3:27 PM

Suven Life freezes at 20% upper circuit as board to mull rights issue

"A meeting of the board of directors of the Company is scheduled to be held on June 24, 2022, to consider matters related to raising of funds through issue of equity shares of the Company on rights basis to the existing equity shareholders of the Company," Suven Life said in a exchange filing on Monday after market hours. READ MORE

3:16 PM

Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report

CloudSEK was approached by a victim who allegedly lost Rs 50 lakh ($64,000) to such a cryptocurrency scam, in addition to other costs such as deposit amount, tax, etc. READ MORE

3:14 PM

Govt dept to collaborate with SBI to create integrated pension portal

The Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with SBI to create an integrated pension portal to enhance ease of living of pensioners, an official statement stated. Read here

3:04 PM

DECODED :: What is the difference between an IPO and FPO?

An initial public offering is the issuance of shares for the first time by a private company, which is not listed on the stock exchanges. Post the issuance of such shares, the company gets listed on the bourses and its shares are then traded publicly. LISTEN TO THE PODCAST

2:52 PM

Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Retailers

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry. READ HERE

2:42 PM

Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report

The Covid-19 pandemic has fast tracked the adoption of technology across functions in India, hence technology professionals are more in demand than ever before, especially with expertise in newer areas like cryptocurrency, NFTs and blockchain, the report showed. READ MORE

2:27 PM

Indian oil firms to compensate ethanol makers for higher energy costs

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production. READ HERE

2:16 PM

Nifty Media surges 5%; TV18, Dish TV up 7%

1:56 PM

Sebi allows mutual funds to resume investing in international stocks

Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry. READ HERE

1:46 PM

Banks log strong gains: SBI surges over 4%

Banking stocks were one of the key contributors to the benchmark rally with SBI up 4.4 per cent. ICICI Bank surged 3 per cent, while HDFC Bank added 2.2 per cent.

1:39 PM

Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month

India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company. READ MORE

1:30 PM

S&P BSE Sensex 30 Heatmap:: Titan, SBI lead gainers chart

1:23 PM

Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts

Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside. READ MORE

1:13 PM

Global Check:: US futures trade on a bouyant note, rally up to 2%

Source: Investing.com