Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

3:59 PM

Tech View :: 'Stock specific action likely to happen; caution advised'

On the daily charts, we can observe that the Nifty is trading around the lower end of the rising channel within which it has been trading since past one and a half month. The daily momentum indicator has triggered a negative crossover which is a sell signal, however, until price breaks below the previous swing low of 18194, the higher top and higher bottom formation is not violated and hence we shall review our short-term stance once Nifty closes below this crucial level. From here on, stock specific action is likely to happen and hence caution is advised.

Views by: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

3:55 PM

COMMENT :: What all happened in the markets today?

The domestic benchmark's ascent towards record high was interrupted by selling pressure in heavyweight stocks, although small and mid-cap stocks outperformed. As anticipated, the Eurozone economy experienced a modest growth of 0.1% QoQ in the Jan-Mar period, following a stagnant previous quarter. In the US market, cautious trading prevailed as debt-ceiling negotiations took precedence.

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

 

3:53 PM

Currency Check :: Rupee ends higher at 82.21/$ against Monday’s close of 82.30/$

3:51 PM

BSE Stats :: Market breadth positive as broader indices clock gains

3:47 PM

Buzzing stock :: TV Today Network crashes 7% as net profit tumbles over 80% in Q4

3:43 PM

Buzzing stock :: Indian Oil rallies 3% as Q4 profit beats expectations

3:42 PM

Buzzing stock :: HDFC Bank dips nearly 2% as stock turns ex-dividend

3:40 PM

Buzzing stock :: Bank of Baroda gains 2% as Q4 PAT soars 168% YoY

3:38 PM

Broader markets :: Mid, small-caps swim in green despite large-caps seeing sell-off

3:37 PM

Sectoral trends :: All but IT, PSB indices decline

3:35 PM

Sensex Heatmap :: HDFC twins, Airtel, TaMo, RIL drag 30-pack index

3:34 PM

CLOSING BELL :: Nifty gives up 18,300

3:32 PM

CLOSING BELL :: Sensex ends over 400 pts lower

3:28 PM

ALERT :: Slight delay in onset of monsoon expected, says IMD

3:25 PM

Global Check:: US, UK stock futures marginally in red

Source; Investing.com

3:14 PM

ALERT :: SGX Nifty to be called GIFT Nifty July 3 onwards

>> From July 3, SGX orders will be 100% transferred to GIFT city, NSE IFSC Exchange for matching

 

>> Approval from MAS, Singapore regulator and IFSCA, Gift IFSC regulators have been obtained

 

3:08 PM

China recovery faces pressure after April activity weak, unemployment rises

Growth in retail sales accelerated to 18.4% over last year's depressed level in April, but that was below private sector expectations of up to 35%. READ MORE

2:59 PM

SBI hits over 3-month high ahead of Q4 results; stock gains 8% in one month

SBI is a sector proxy that benefits from its strong liability franchise and continued favourable sector tailwinds. READ MORE

2:44 PM

ALERT:: Kajaria Ceramics Q4 net grows by 13%; stock marginally up

Kajaria Ceramics reported a 13 per cent growth in Q4FY23 net profit at Rs 108.02 crore as against Rs 95.76 crore in Q4FY22. Revenue grew by 9 per cent YoY to Rs 1,204.82 crore.

 

2:31 PM

ALERT:: Aurionpro Solutions Q4 net rises 23%; stock tumbles 10%

Aurionpro Solutions Q4FY23 net profit rose 23 per cent to Rs 27 crore from Rs 22 crore in Q4FY22. Revenue from operations increased by 39 per cent YoY to Rs 191 crore.

2:20 PM

Despite missing purchase goal, Centre's wheat stocks better than last year

This is because even if actual procurement falls below the target, it will still be much higher than the multi-year low of almost 19 million tonnes of wheat procured last year. READ MORE

2:12 PM

ALERT:: Indian Oil Q4 net surges 67%; stock rallies 4%

Indian Oil Corporation (IOC) reported a 67 per cent surge in Q4 net profit to Rs 10,058.69 crore for the quarter ended March 2023 as against Rs 6,021.88 crore in the year ago period. Total income increased by 10 per cent YoY to Rs 2,28,130.20 crore.

2:02 PM

ALERT:: Prakash Industries Q4 net rises 10%; stock jumps 5%

Prakash Industries reported a 9.9 per cent growth in Q4FY23  net profit at Rs 57.96 crore when compared with Rs 52.73 crore in Q4FY22. Total income, however, was down 12.5 per cent YoY at Rs 1,014.14 crore.

1:51 PM

Aurobindo hits 52-week high; zooms 63% from Feb low on improved performance

Analysts believe Aurobindo Pharma has multiple growth drivers in place with investments in vaccines, injectables, biosimilars and PLI, which are expected to be reflected from FY24. READ MORE

1:41 PM

ALERT:: Bank of Baroda Q4 net soars 168%; stock up over 1%

Bank of Baroda today reported a standalone net profit of Rs 4,775.33 crore for the quarter ended March 2023 when compared with Rs 1,778.77 crore in the corresponding quarter a year ago. Total income rose 41.9 per cent YoY to Rs 29,322.74 crore.

1:30 PM

Asian Market Update:: A mixed outing; Nikkei, Taiwan shine

Source: Yahoo Finance

1:17 PM

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments. READ MORE

1:07 PM

ALERT:: Trade deficit falls to 21-month low at $15.26 bn in April

Exports fall 14 per cent, Imports dip 12 per cent.

12:54 PM

Engineers India hits over 3-year high; stock surges 45% in 7 weeks

The company is currently working on feasibility projects across multiple hydrocarbon fuels, pipeline and renewable fuels like hydrogen, ethanol and other biofuels. READ MORE

12:39 PM

Debt ceiling showdown: Biden to meet as McCarthy pushes for faster deal

While Biden has remained upbeat that we'll be able to do this, McCarthy is prodding the president to move faster to avert a crisis. READ MORE