Sensex snaps 3-day bull run, dips 87 pts; Airtel, TCS shed 5%, PSBs soar

CLOSING BELL: Adani Group shares rallied up to 12 per cent on the BSE in Monday's intra-day trade, in otherwise a weak market, amid the group's foray into telecom business

4:01 PM

Nifty tech view: Short term trend may remain positive as long as index holds 16K

The benchmark Nifty remained sideways during the session. On the daily timeframe, the index has sustained above its near-term moving average.

The momentum oscillator RSI maintains its bullish crossover.

The short term trend is likely to remain positive as long as it holds above 16000. On the higher end, resistance is visible at 16300.

Views by Rupak De, Senior Technical Analyst at LKP Securities. 

3:59 PM

Closing view: Weak IT earnings wound sentiment

As the domestic market turned its focus towards quarterly results, the weak start of IT earnings wounded the sentiments, forcing benchmark indices to open on a weak note.

However, with support from banking, metal and energy stocks, the domestic market managed to pare its losses to close flattish.

India’s June inflation data, which is due for tomorrow, is expected to remain in line with May’s inflation rate of 7.04%.

Meanwhile, the US inflation data due on Wednesday is expected to show a further increase from its current peak level of 8.6% during May.

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

 

 

3:56 PM

Rupee ends at new closing low of 79.44/$ vs previous close of 79.25/$

Photo: Bloomberg

3:54 PM

Escorts Kubota gains 1%; reports say Kubota to invest 300 billion Yen in US & India

 

3:53 PM

Pennar Ind moves 5% higher on bagging Rs 668 crores-order

 

3:51 PM

Shipping Corp soars 5% on report govt to meet today to fast track co's divestment

 

3:49 PM

Metal stocks gain steam on reports govt may revoke import duty on steel

 

3:44 PM

JSW Energy, Adani Power surge up to 8% among midcaps

 

3:43 PM

Nifty IT index cracks 3%; banks, PSBs, metals, oil & gas pockets soar

 

3:41 PM

MidCaps, SmallCaps outperform benchmarks

 

3:40 PM

Nifty losers: Airtel; IT pack cap gains for markets

3:38 PM

Nifty winners: Eicher Motors, ONGC, Tata Steel help index pare day's losses

 

3:37 PM

Sensex Heatmap: Winners-losers split in half; Airtel, TCS sink up to 5%

 

3:35 PM

Closing Bell: Nifty closes flat near 16,200; 28 index constituents end higher

 

3:33 PM

Closing Bell: Market snaps three-day winning streak; Sensex recoups from day's lows

 

3:25 PM

Dollar index surges to 20-year high as rupee slips to new record low

3:15 PM

BS SPECIAL :: How to survive a bear market in equities?

3:07 PM

WATCH | State of the economy: What does Pronab Sen prescribe?

2:57 PM

Sebi ups tech arsenal to crack whip on 'mules' used for insider trading

There has already been a deluge of orders from the Securities and Exchange Board of India (Sebi) on insider trading and front-running related cases in recent months, which has been attributed by some to suspected lapses during the COVID-19 pandemic induced remote work on surveillance front required from market intermediaries like brokers and mutual funds. READ MORE

2:45 PM

Adani Group shares rally up to 12%; Adani Total Gas hits record high

Adani Group, on Saturday, said it has participated in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics, power generation, transmission, distribution, and various manufacturing operations. READ MORE

2:35 PM

Currency check :: Rupee hits fresh record low

Source: Bloomberg

2:26 PM

MARKET CHECK :: Sensex erases losses, turns positive

2:18 PM

As auto industry races to go electric, battery makers eye compact designs

While carmakers today chase market leader Tesla Inc, seeking to build cars that can travel 300 miles (482 km) or more between charges, battery startups expect range will matter less as public electric vehicle (EV) chargers become ubiquitous. In the quest for smaller batteries that charge extremely quickly, the startup firms are experimenting with materials like silicon-carbon, tungsten and niobium. READ MORE

2:07 PM

Gold prices flat as lofty US dollar smothers appeal amid likely rate hike

Spot gold held its ground at $1,741.84 per ounce at 0531 GMT. U.S. gold futures dipped 0.1% to $1,740.10. READ MORE

1:52 PM

Bank of Maharashtra abuzz after it cuts MCLR rate up to 20-35 bps

1:42 PM

BSE 500:: Volume Shockers

Heidelberg Cement has witnessed unusually high volume of around 10.67 lakh shares on the BSE as against its five-day average volume of around 1.08 lakh shares. Similarly, KRBL, KSB, Adani Green and GMM Pfaudler have also witnessed a significant spike in volume in trades so far on Monday.

1:35 PM

India's top listed companies may log strong double-digit growth in Q1

India’s top listed companies are once again expected to report strong double-digit growth in earnings in the April-June quarter of FY23, thanks to a low base in Q1FY22 and big jump in earnings of oil and gas majors like Reliance Industries and ONGC. READ MORE

1:26 PM

Global Check:: US stock futures down up to a per cent

Source: Investing.com

1:17 PM

S&P BSE Sensex 30 Heatmap: Airtel, IT shares major draggers

1:08 PM

ITC hits new high on hopes of strong Q1 results; soars 36% thus far in 2022

ITC is expected to post strong 23.3% revenue growth led by 21.8% growth in the cigarettes business, 28% growth in paperboard business & 17.5% growth in FMCG business, ICICI Securities said. READ MORE