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June 20, 2022 / 04:20 PM IST

Closing Bell: Nifty ends above 15,300, Sensex up 237 pts; metals drag, FMCG gains

On the sectoral front, FMCG index added 1 percent and IT index up 0.4 percent, however oil & gas, metal, capital goods, power and realty down 1-4 percent.

  • Closing Bell: Nifty ends above 15,300, Sensex up 237 pts; metals drag, FMCG gains
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:36 PM IST

      Indian rupee ends higher at 77.98 per dollar

    • 03:24 PM IST

      Engineers India wins consulting services work for 3 separate projects

    • 03:19 PM IST

      Wipro company Topcoder appoints Doug Hanson as Chief Executive Officer

    • 03:17 PM IST

      BSE Capital Goods index declines 2 percent dragged by the Hindustan Aeronautics, Elgi Equipments, Suzlon Energy

    • 03:11 PM IST

      Artefact Projects bags projects assignments of Rs 30.72 crore

    • 03:09 PM IST

      Nazara Technologies to make a further strategic investment

    • 03:02 PM IST

      Indices trade flat amid volatility, metal index shed over 5 percent

    • 02:53 PM IST

      Jeevan Scientific gets Form 483 for clinical pharmacology centre facility

    • 02:47 PM IST

      BSE Midcap index sheds 1 percent dragged by the Oil India, Hindustan Aeronautics, JSW Energy

    • 02:23 PM IST

      Duty-related measures to slash steel exports from India by 40% in FY23: CRISIL

    • 01:52 PM IST

      NIIT Life Sciences enters into a multi-year learning services agreement

    • 01:47 PM IST

      Max Ventures arm completes acquisition of Accord Hotels and Resorts

    • 01:39 PM IST

      Macquarie maintains outperform rating on Titan Company, target at Rs 3,000

    • 01:30 PM IST

      BSE Smallcap index sheds 2 percent dragged by MRPL, Chennai Petroleum Corporation, Mirza International

    • 01:19 PM IST

      Action Construction Equipment bags order worth USD 24.98 million

    • 01:16 PM IST

      Tilaknagar Industries launches premium flavoured brandy

    • 01:01 PM IST

      Indices trade higher with Nifty above 15300

    • 12:48 PM IST

      BSE Power index sheds 1 percent dragged by the Tata Power, JSW Energy, Adani Power

    • 12:38 PM IST

      Indian Hume Pipe share price jumps 6% on work order from Rajasthan government

    • 12:29 PM IST

      Vadilal Industries arm buys ice creams parlour operator in US

    • 12:20 PM IST

      Anup Engineering receives orders of Rs 102.9 crore

    • 12:15 PM IST

      Hinduja Global Solutions to set-up new delivery center in Karnataka

    • 12:12 PM IST

      Steel exports to plunge 35-40% after duty revisions: CRISIL

    • 11:49 AM IST

      Nifty FMCG index gains 1 percent led by the HUL, Godrej Consumer Products, Britannia Industries

    • 11:43 AM IST

      BSE Realty index falls 1 percent dragged by the Indiabulls Real Estate, Macrotech Developers, Prestige Estate

    • 11:31 AM IST

      Birlasoft enters in global partnership with Google Cloud

    • 11:19 AM IST

      Indian economy should be one of the least affected by global slowdown said Neelkanth Mishra of Credit Suisse

    • 10:46 AM IST

      Elara Capital reiterates buy on Apollo Tyres with target of Rs 291

    • 10:40 AM IST

      Nifty PSU Bank index fell 1 percent dragged by the Indian Bank, Canara Bank, Central Bank

    • 10:34 AM IST

      Alkem Laboratories receives Form 483 with 3 observations from USFDA

    • 10:23 AM IST

      Greenlam Industries to issue upto 63.10 lakh equity shares to Smiti Holding

    • 09:57 AM IST

      Below 15400, Nifty could retest the level of 15200: Amol Athawale

    • 09:55 AM IST

      Aurobindo Pharma board approves acquisition of 51% stake in GLS Pharma

    • 09:46 AM IST

      BSE Oil & Gas index sheds 2 percent dragged by the Adani Total Gas, ONGC, Gail India

    • 09:44 AM IST

      Nifty Metal index slips 4 percent dragged by the Vedanta, Hindustan Copper, Jindal Stainless

    • 09:41 AM IST

      Dilip Buildcon declares lowest bidder for Gujarat Metro project

    • 09:34 AM IST

      Coforge partners with US-based Estes Express Lines

    • 09:11 AM IST

      Carlyle Group eyes 10% stake in Yes Bank via convertible debt route

    • 09:10 AM IST

      India's Russian coal purchases spike despite sanctions

    • 09:05 AM IST

      Indian rupee opens 13 paise higher at 77.94 per dollar

    • 08:58 AM IST

      Nervousness is likely to prevail for key domestic benchmark indices: Prashanth Tapse

    • 08:56 AM IST

      Gold prices inch lower as firm dollar dents appeal

    • 08:49 AM IST

      Rupee is expected to appreciate today, says ICICI Direct

    • 08:43 AM IST

      Vodafone Idea to consider raising up to Rs 500 crore on June 22

    • 08:40 AM IST

      Asia shares turn lower, no dodging recession risks

    • 08:31 AM IST

      Oil wobbly after near 6% slump on economic concerns

    • 08:29 AM IST

      Short-term supports for the Nifty around 15,000 and 14,800: Ruchit Jain

    • 08:20 AM IST

      US recession not 'inevitable,' Treasury secretary says

    • 08:17 AM IST

      Inflation will not fall to 2% target for two years, Fed's Loretta Mester says

    • 08:12 AM IST

      Vedanta invites Expression of Interest for sale of copper plant

    • 08:04 AM IST

      Expect market to remain under pressure with increasing fears of economic slowdown: Siddhartha Khemka

    • 07:48 AM IST

      Bitcoin recovers, climbs 7.6% to pass $20,400

    • 07:42 AM IST

      Asian Market trade lower with Nikkei, Kospi down 1-2%

    • 07:39 AM IST

      Wall Street ends up but still down on week as volatility rules

    • 07:35 AM IST

      SGX Nifty indicates a flat to negative start for the Indian indices

  • IndexPricesChangeChange%
    Sensex59,549.9049.49 +0.08%
    Nifty 5017,662.1513.20 +0.07%
    Nifty Bank40,655.05267.60 +0.66%
    Nifty 50 17,662.15 13.20 (0.07%)
    Tue, Jan 31, 2023
    Biggest GainerPricesChangeChange%
    M&M1,378.7547.15 +3.54%
    Biggest LoserPricesChangeChange%
    Bajaj Finance5,886.40-135.40 -2.25%
    Best SectorPricesChangeChange%
    Nifty PSU Bank4006.55164.45 +4.28%
    Worst SectorPricesChangeChange%
    Nifty IT29740.35-354.45 -1.18%


  • June 20, 2022 / 04:18 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:

    Markets finally heaved a sigh of relief and logged steady gains after early optimism in key European indices prompted selective buying in IT, finance and healthcare stocks. However, the bearish undertone can be seen from the fact that heavy selling continued in metals, oil & gas and capital goods stocks as worries of growth slowdown resulted in a fall in these stocks. 

    Technically, on intraday charts, the Nifty has formed a double bottom formation which is broadly positive for the near term. The index has also formed a Hammer reversal formation on daily charts, indicating strong possibility of a fresh pullback rally from the current levels. 

    For day traders, 15250 would be the sacrosanct support zone. And if the index succeeds to trade above the same, then the pullback rally is likely to continue in the near future and could move up to 15500-15600 levels. On the flip side, below 15250, the uptrend would be vulnerable and below the same, the index could slip till 15180-15100.

  • June 20, 2022 / 04:03 PM IST

    Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities:

    The Nifty index witnessed consolidation with the heavyweights supporting the index while the broader market continued to witness deep pain. The index lower end support stands at 15200 and immediate resistance is placed at 15450, a break on either side will lead to trending moves. The resistance if taken out can witness a rally towards 15800 levels.

    The Bank Nifty index witnessed sideways consolidation where the fight between the bulls and the bears continued. The index is still trading in a downtrend with lower high and lower low formations intact. 

    On the daily chart the immediate resistance on the upside is placed at 33,100 level and a break above this can witness some short covering. The downside support stands at 32,400 and a breach below this will lead to fresh round of selling pressure.

  • ADVERTISEMENT
  • June 20, 2022 / 03:45 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services.

    Positive trends in the global markets inspired domestic market to trade positively with large caps gaining the most while mid & small caps continued to trade with cuts. 

    Prevailing inflationary pressure and concerns over policy tightening limited the upside. Among the sectors, metals were the top laggard due to a sharp fall in commodity prices along with a fall in global & domestic demand.

  • June 20, 2022 / 03:36 PM IST

    Rupee Close:

    Indian rupee ended higher at 77.98 per dollar against Friday’s closing of 78.07.

  • June 20, 2022 / 03:35 PM IST

    Market Close: Benchmark indices ended on positive note in the highly volatile session on June 20.

    At close, the Sensex was up 237.42 points or 0.46% at 51,597.84, and the Nifty was up 56.70 points or 0.37% at 15,350.20. About 673 shares have advanced, 2663 shares declined, and 156 shares are unchanged.

    HUL, HDFC, Apollo Hospitals, Asian Paints and UltraTech Cement were among the top Nifty gainers, while losers were ONGC, Tata Steel, UPL, Hindalco Industries and Coal India.

    On the sectoral front, FMCG index added 1 percent and IT index up 0.4 percent, however oil & gas, metal, capital goods, power and realty down 1-4 percent. 

    BSE midcap index shed 1.4 percent and smallcap index fell 3 percent.

  • ADVERTISEMENT
  • June 20, 2022 / 03:24 PM IST

    Engineers India wins consulting services work for 3 separate projects

    Engineers India has won three separate projects from specialized chemicals, sunrise and infrastructure sectors. It will provide consulting services and the estimated order value of these projects is approximately Rs 80 crore.

    Engineers India touched 52-week low of Rs 55.95 and was quoting at Rs 56.45, down Rs 1.05, or 1.83 percent on the BSE.

  • June 20, 2022 / 03:19 PM IST

    Wipro company Topcoder appoints Doug Hanson as Chief Executive Officer

    Wipro company, Topcoder appointed Doug Hanson as Chief Executive Officer (CEO). In his new global role, Doug will be responsible for the success of Topcoder and its customers and partners.

     Wipro company Topcoder appoints Doug Hanson as Chief Executive Officer  

 Wipro company, Topcoder appointed Doug Hanson as Chief Executive Officer (CEO). In his new global role, Doug will be responsible for the success of Topcoder and its customers and partners.
  • June 20, 2022 / 03:17 PM IST

    BSE Capital Goods index declined 2 percent dragged by the Hindustan Aeronautics, Elgi Equipments, Suzlon Energy

     BSE Capital Goods index declined 2 percent dragged by the Hindustan Aeronautics, Elgi Equipments, Suzlon Energy
  • June 20, 2022 / 03:14 PM IST

    Vivek Goel, Joint MD, Tailwind Financial Services

    After touching a high of above 18600 in October last year, Nifty and overall markets are on a downward trend currently trading close to their 52 week lows. This has been primarily driven by a reversal of stimulus that global central banks started at the beginning of covid in 2020. 

    With rising inflation to all time record levels, they have been left with little choice but to opt for aggressive tightening which weighed on the already above-average valuations in equities. Despite this, Indian equities have relatively continued to outshine most global markets even on the downside as retail flows have provided strong support amidst FII selling. 

    In the present scenario, as market participants price in expectations of further rate hikes over this calendar year, equity valuations have started to fall back to historical averages and over the next couple of quarters, as we see policy impact on curbing inflation, markets should start to consolidate, providing attractive entry levels for investors. 

    We currently prefer a staggered deployment strategy through large and flexi cap mutual funds to build a diversified allocation to top 100 companies in order to position portfolios in a more defensive way.

  • June 20, 2022 / 03:11 PM IST

    Artefact Projects bags projects assignments of Rs 30.72 crore

    Artefact Projects has bagged projects assignments with fees of Rs 30.72 crore. This can result in additional annual revenue of approximately Rs 9 crore per annum for next 3 years. 

    The company has participated in 65 number of bids involving fees of approximately Rs 524.42 crore, out of which some orders are further expected.

    Artefact Projects was quoting at Rs 43, down Rs 5.10, or 10.60 percent.

  • ADVERTISEMENT
  • June 20, 2022 / 03:09 PM IST

    Nazara Technologies to make a further strategic investment

    Nazara Technologies has decided to make a further strategic investment of up to Rs 20.1 crore in material subsidiary Absolute Sports, by acquiring shares promoter Porush Jain, and up to Rs 10 crore in Brandscale Innovations by subscribing to optionally convertible debentures in one or more tranches.

    Nazara Technologies touched 52-week low of Rs 1,008.05 and was quoting at Rs 1,014, down Rs 36.55, or 3.48 percent on the BSE.

  • June 20, 2022 / 03:02 PM IST

    Market at 3 PM

    Benchmark indices were trading flat amid volatility with metal index shed over 5 percent, while buying was seen in the FMCG names.

    The Sensex was up 68.84 points or 0.13% at 51429.26, and the Nifty was up 2.40 points or 0.02% at 15295.90. About 503 shares have advanced, 2722 shares declined, and 125 shares are unchanged.

     Market at 3 PM  

 Benchmark indices were trading flat amid volatility with metal index shed over 5 percent, while buying was seen in the FMCG names. 

 The Sensex was up 68.84 points or 0.13% at 51429.26, and the Nifty was up 2.40 points or 0.02% at 15295.90. About 503 shares have advanced, 2722 shares declined, and 125 shares are unchanged.