Tech Mahindra announces partnership with TAC Security
Vindhya Telelink share price hits 52-week high on robust Q4 numbers
Strength in the dollar index to keep gold prices under pressure: Abhishek Bansal
Tata Motors bags order for 15 hydrogen-based fuel cell buses from Indian Oil
NBCC gets Rs 206 crore order from Odisha Hydro Power Corporation
Cummins India share price rises after Kotak retains buy with 16% upside
Central Bank of India, IOB shares hit 52-week high on privatisation buzz
BSE Information Technology index up 1 percent supported by the Sasken Technologies, Tata Elxsi, Nucleus Software Exports
AnandRathi retains buy on PNC Infratech with a target of Rs 323
Expect rupee to move towards 74.6: ICICI Direct
Graphite India shares gain; ICICI Direct retains buy with 27% upside
Nifty PSU Bank index up 1 percent led by the Central Bank of India, IOB, UCO Bank, Punjab and Sind Bank
Indiabulls Housing Finance gets board nod for over Rs 7,000 crore fund mop-up
Lupin receives tentative USFDA approval
Gold set for biggest monthly drop since 2016
Gold heads for worst monthly decline since 2016
Indian markets likely to open flat to negative: ICICI Direct
Oil prices climb for second day after U.S. stockpiles fall
These companies to declare their March quarter earnings today
RIL enters into agreement with ADNOC for world-scale chemical projects
Petrol, diesel prices unchanged today
Dollar drives higher as traders look to Fed clues from US jobs data
S&P, Nasdaq rise to record closes
SGX Nifty indicates a positive start for the Indian indices:
Index | Prices | Change | Change% |
---|---|---|---|
Sensex | 60,715.89 | 52.10 | +0.09% |
Nifty 50 | 17,894.55 | 22.85 | +0.13% |
Nifty Bank | 41,537.65 | 0.00 | +0.00% |
Biggest Gainer | Prices | Change | Change% |
---|---|---|---|
Adani Enterpris | 2,220.00 | 55.75 | +2.58% |
Biggest Loser | Prices | Change | Change% |
---|---|---|---|
Power Grid Corp | 212.40 | 0.40 | +0.19% |
Best Sector | Prices | Change | Change% |
---|---|---|---|
Nifty Metal | 5975.15 | 217.80 | +3.78% |
Worst Sector | Prices | Change | Change% |
---|---|---|---|
Nifty FMCG | 45771.60 | 13.50 | +0.03% |
Markets ended almost on a flat note amid volatility, in continuation to the prevailing consolidation phase. The benchmark initially opened on a firm note and inched higher in the first half however underperformance of the banking majors combined with profit taking in select index majors dragged the indices lower in the latter half. Consequently, the Nifty index ended lower by 0.2% at 15,722 levels. Amongst the sectors, banking, oil gas and realty were the top losers whereas IT and consumer durables ended with gains.
Global cues and updates on the new variant of Coronavirus would continue to dictate the trend in near future. On the domestic front, participants will also be closely eyeing the auto sales and PMI data for cues. Meanwhile, we reiterate our advice to restrict naked leveraged positions and wait for clarity.
Nifty continues to remain in medium term uptrend with buying advisable on aggressive dips; expect volatility before momentum support gets triggered. In the near term expect range bounce movement as short term indicators are stretched. IT, Metals and Pharma are expected to do well while BFCI and Midcap stocks can be bought on corrections.
The rupee is on an edge, for which the greater sensitivity probably lies towards stronger US data and a stronger dollar. Overall, fx market is focusing on a potentially hot US labour report or the degree to which new covid variant reduces recovery expectations. So until the USDINR spot trades above 73.75-73.80, it will remain afloat with immediate resistance around 74.50 and then 74.75 zone. While the major supports lie around 73.75-73.50-73.45.
We were unable to get past the range today, 15900 continues to be a major road block for the Nifty. If we can cross that, we will head to 16100. Until then we will vacillate between 15400 and 15900 on the back of lackluster volumes. 15400 is a good support for the markets and until we do not disrespect that on a closing basis, the macro trend continues to remain bullish.
Euro zone inflation eased this month, levelling off for the summer months before an expected move well above the European Central Bank's target towards the autumn on higher commodity prices.
Inflation in the 19 countries sharing the euro slipped to 1.9% in June from 2.0% in May, in line with forecasts in a Reuters poll and right on the ECB's target of "below but close to 2%".
Welcome to the largest asset bubble of all time:
— Sven Henrich (@NorthmanTrader) June 29, 2021
US market cap vs GDP now 205%.
Even if you exclude the Fed's balance sheet as a driving factor this market is coming in at a blistering 150% market cap to GDP.
History of sustainability: Zero. pic.twitter.com/3ye3DFcfAG
Indian rupee ended lower by 9 paise at 74.32 per dollar, amid volatility saw in the domestic equity market.It opened flat at 74.22 per dollar against previous close of 74.23 and traded in the range of 74.22-74.44.
Fitch Ratings expects the rating headroom for Oil India (BBB-/Negative) to reduce in the medium term as leverage will rise, when it accelerates capex to expand capacity at Numaligarh Refinery Limited (NRL).
: Benchmark indices erased all the intraday gains and ended lower in the highly volatile session on June 30.
At close, the Sensex was down 66.95 points or 0.13% at 52482.71, and the Nifty was down 27 points or 0.17% at 15721.50. About 1503 shares have advanced, 1455 shares declined, and 97 shares are unchanged.
Among sectors, except IT, all other indices ended in the red with Nifty Bank index falling 0.7 percent. BSE Midcap ended flat, while Smallcap index gained 0.5 percent.
Shree Cements, Bajaj Finserv, Power Grid Corp, ICICI Bank and UPL were among top losers on the Nifty. Top gainers were Coal India, Divis Labs, Reliance Industries, Infosys and SBI Life Insurance.