Sensex Today LIVE Updates: Equity indices started the trade on a firm note on Monday with the Sensex climbing 254 points, but within minutes, the benchmarks pared all early gains to trade in the negative territory. The BSE benchmark was trading with a jump of 253.69 points at 51,614.11 in early trade. The Nifty too gained 69.6 points to 15,363.10. But, the benchmark indices failed to hold on to the initial gains, with the Sensex quoting 287.1 points lower at 51,073.32, while the Nifty declined by 94.75 points to 15,198.75.
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London copper drops to nine-month low on recession fears
The most-traded July copper contract in Shanghai ended daytime trading down 2.3% at 68,000 yuan ($10,172.33) a tonne.
Japan-based Nomura which has assets over $380 billion purchased 1 lakh shares of Arihant Capital. The transaction happened at Rs 81 per share.
Price as on 20 Jun, 2022 01:20 PM, Click on company names for their live prices.
Market LIVE Updates: Nifty stocks at 52-week low
I will keep supporting & buying Dogecoin crypto: Elon Musk
Amid the ‘crypto winter’, Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days.
In a tweet on Sunday, Musk said: “I will keep supporting Dogecoin.” Reacting to a follower who asked him to keep buying Dogecoin too, Musk replied that he will keep purchasing the cryptocurrency.
Anup Engineering has received an orders of Rs 102.9 crore from Public Sector Refinery for thermal & mechanical design, detailed engineering, fabrication, procurement, testing, inspection, painting and supply of heat exchanger.
Price as on 20 Jun, 2022 12:18 PM, Click on company names for their live prices.
Telecom operator Vodafone Idea’s Board of Directors will meet on Wednesday to consider a proposal for raising funds aggregating up to Rs 500 crore, by way of issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group, it said in a regulatory filing to the stock exchanges.
Price as on 20 Jun, 2022 12:09 PM, Click on company names for their live prices.
Sensex LIVE Updates: Index off day’s low, rises 200 points
Technical analysts see the Nifty testing 15,000 level or lower after falling 5.6% last week. Nifty closed at 15,293.50 on Friday and underperformed most regional peers during the week. While some see a rebound in the market, it would be hard to sustain the highs. Some even see the Index falling to 14,800 levels. A fall below 14,880 would mean that the Nifty has entered a bear phase as it would mean that the index has fallen 20% from its record high hit in October 2021.
These stocks trade firm in volatile market
Price as on 20 Jun, 2022 11:59 AM, Click on company names for their live prices.
JP Morgan initiates coverage on LIC
#BrokerageRadar | @JPMorgan initiates on LIC with an Overweight rating, Target at Rs 840/share. Take a look at the… https://t.co/uiFMSqFLht
— ET NOW (@ETNOWlive) 1655690696000
Events of the last few days have increased the risk of recession in the US. Synchronised rate hikes by most central banks will certainly hit global growth this year. High interest rates and lower growth will impact corporate earnings. Risky assets are reacting to this pessimistic scenario. The 72 percent crash in the price of bitcoin is a reflection of the fear and risk aversion among investors. The correction in the Indian market is not as steep as in the US mainly because of the sustained buying by DIIs and retail countering the relentless selling by FIIs which crossed Rs 7000 cr last Friday. A bounce back from the steady decline is possible any time. An important factor favouring such a scenario is the 6 percent decline in crude. If this trend persists it can help tame inflation globally. Investors can use weakness in the market to buy high quality large-caps across sectors.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The country’s largest carmaker Maruti Suzuki India on Monday announced opening of bookings for the upcoming new version of its compact SUV Brezza.
Price as on 20 Jun, 2022 10:52 AM, Click on company names for their live prices.
Adani Wilmar plunges 5% after slashing edible oil prices by Rs 10
Shares of FMCG firm Adani Wilmar plunged by over 5 per cent in Monday’s early trade after it slashed the prices of its edible oils by Rs 10 as the government reduced import duties on the commodity. According to a statement from Adani Wilmar, the maximum retail price (MRP) of Fortune refined Sunflower oil’s 1-litre pack has been decreased to Rs 210 from Rs 220. The MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre packs has been reduced to Rs 195 from Rs 205.
What makes MOSL positive on IT space? Read this
- Analysis of the FY22 annual reports of TCS and Infosys suggested continued multi-year Digital and Cloud transformation initiatives, along with the need to drive organizational efficiencies.
- Though companies in the IT Services space remain cautious about the macro environment (on high inflation, geopolitical tensions, and a slowdown in growth), demand remains robust. Both TCS and Infosys hired in record numbers in FY22 (TCS/INFO: 104k/54k employees).
- With attrition moderating, an improvement in pricing, lower dependency on sub-contractors, higher fresher additions, and strong operating leverage, both companies should be able to sustain margins going forward. RoE, OCF conversion and payouts remain strong for both of the companies.
- Given the capabilities of TCS and Infosys, both companies are in good position to withstand a weakening macro environment. We remain positive on IT services space.
Market LIVE Updates: MRPL, Vedanta among top losers at this hour
Price as on 20 Jun, 2022 10:28 AM, Click on company names for their live prices.
Top Sensex drags
Sensex LIVE Updates: Index wipes off all gains, turns flat
Vodafone Idea, YES Bank, Ashok Leyland, ONGC among most active stocks on NSE
Price as on 20 Jun, 2022 09:27 AM, Click on company names for their live prices.
Rupee surges 9 paise to 77.96 against US dollar in early trade
Paint stocks trade marginally higher as oil prices cool off
Price as on 20 Jun, 2022 09:26 AM, Click on company names for their live prices.
SECTOR WATCH: Metals bleed, IT stocks rebound
Sensex Heatmap: 18 of 30 stocks trade higher in opening deals
OPENING BELL: Sensex gains 200 points, Nifty tops 15,300; Sun Pharma rises 2%, Tata Steel drops 2%
Asian shares edge up with Wall Street futures, mood fragile
Asian shares were trying to sustain a rare rally on Monday as Wall Street futures made early gains, perhaps hoping a U.S. holiday would provide a break from recent selling, though worries about global recession were never far away. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1% in thin trade. Tokyo’s Nikkei added 0.6%, having been underpinned recently by a sharp fall in the yen which boosted exporters.
SGX Nifty signals a flat start
Nifty futures on the Singapore Exchange traded 7 points, or 0.05 per cent, higher at 15,322.50, signaling that Dalal Street was headed for a flat start on Monday.
Tech View: Analysts unsure of recovery ahead
Nifty50 on Friday fell for the sixth straight day and formed an indecisive Doji candle on the daily chart. On the weekly scale, it formed a long bearish candle. Analysts are unsure whether there could be any recovery from here. The trend remains negative for now, they said.
Oil wobbly after near 6% slump on economic concerns
Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Brent crude futures gained 20 cents, or 0.2%, to $113.32 a barrel by 0105 GMT, after rising as much as 1% earlier. Front-month prices tumbled 7.3% last week, its first weekly fall in five.
Tokyo stocks open up after mixed US close
Tokyo stocks opened higher on Monday after a mixed close on Wall Street as fears rise that interest rate hikes by central banks could trigger a global recession. The benchmark Nikkei 225 index was up 0.71 percent, or 183.42 points, at 26,146.42 in early trade, while the broader Topix index was up 0.51 percent, or 9.38 points, at 1,845.28.
US stocks end with a modest bounce on Friday
US stocks closed with a modest bounce on Friday but still suffered the biggest weekly percentage decline in two years as investors wrestled with the growing likelihood of a recession while global central banks tried to stamp out inflation. The Dow Jones Industrial Average fell 38.29 points, or 0.13%, to 29,888.78, the S&P 500 gained 8.07 points, or 0.22%, at 3,674.84 and the Nasdaq Composite added 152.25 points, or 1.43%, at 10,798.35.
Rupee rises 5 paise to 78.05 against US dollar
The rupee advanced 5 paise to settle at 78.05 against the US dollar on Friday amid a muted trend in domestic equities and unabated foreign capital outflows. A strong dollar overseas and higher crude prices also capped the gains, forex dealers said.
Sensex, Nifty on Friday
The 30-share pack lost 135.37 to close at 51,360.42. Its broader peer Nifty50 fell below the 15,300 mark. For the week, the Sensex fell around 5.19 per cent, whereas Nifty50 dropped 5.36 per cent, logging their worst week in nearly 2 years.
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