Sensex Today: Live Stock Market Updates: Banks, IT Stocks Push Sensex Up 900; Nifty exceeds 15,600; Titan jumps 5%; The VIX decreases by 4%
Sensex Today LIVE Updates: Indian stocks rose on Tuesday, buoyed by gains in metals, technology and car stocks, although concerns remained about a hit to growth from aggressive central bank rate hikes. The blue chip indices are poised for a second straight session of gains after suffering heavy losses last week on fears that aggressive rate hikes around the world to curb inflation could lead to a recession. The Nifty Metal Index was among the best performing sub-indices, rising as much as 2.3% after hitting 14-month lows in the previous session. Tech stocks rose 1.6%, while automakers rose 1.2%.
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Sensex up 900 points
Live market updates: These NSE 500 stocks hit 52-week lows in an otherwise firm market
Zerodha users report intermittent connectivity issues on Kite
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Marksans Pharma recalls Kroger Br, Aspirin (300 vials) and Ibuprofen (160 vials) due to label packaging issue to meet spill proof packaging requirements children. A total of 12 lots containing 209,430 units were recalled.
Price as of June 21, 2022 12:17 p.m.Click on company names for their live prices.
JP Morgan on Vedanta
JP Morgan remains overweight on Vedanta with a target price of Rs 499, expecting a 115% increase in the meter from its previous close of Rs 232.25. Vedanta recently put its Tuticorin factory up for sale after backlash from locals over the violation of environmental standards. Following the update, shares of Vedanta plunged 12% on Monday. However, JP Morgan believes that the sale of the copper smelter would be a blessing in disguise for the company. “LME aluminum prices are back to Q1FY22 levels, which is a big positive,” he said.
Live Market Updates: GE Steam Power announced on Tuesday that it has signed a $165 million pact with public engineering firm BHEL to supply three nuclear steam turbines; BHEL stock up 3%
Price as of June 21, 2022 11:44 amClick on company names for their live prices.
Sea of Green… All Sensex Stocks Are Trading High
JUST IN: Noida-based India Exposition Mart gets Sebi approval for IPO
Jhunjhunwala’s Top 5 Stock Bets in Bear Grip! Here’s how much they lost
At last count, Jhunjhunwala held Rs 19,847 crore of these five shares, or 75.20% of his total equity portfolio of Rs 26,385 crore, according to data compiled by the AceEquity database.
STOCK IN FOCUS: GAIL
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What should investors do with Hindustan Copper, Minda Industries and Tata Power?
Stocks targeted included names like Hindustan Copper which fell more than 9%, Minda Industries which fell more than 1% and Tata Power which closed with losses of more than 7% on Monday. Here’s what Jatin Gohil, technical and derivatives research analyst at Reliance NSE 0.50% Securities recommends investors do with these stocks.
CLSA’s India Bull-Bear Index plummets 92% on bearish investor sentiment
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Live Market Updates: Nifty Nears 15,600
Do you have a strong appetite for risk? Here are 7 actions to make money now
Suven, MRPL, GSFC among top winners so far
Price as of June 21, 2022 10:20 a.m.Click on company names for their live prices.
Sensex LIVE Updates: Index Extends Gains, Up Nearly 600 Points
Suven Life Sciences will consider a rights offering on June 24. The company informed the exchanges that the board will meet on June 24 to consider raising funds through the issuance of rights-based shares to existing shareholders of the company. Following this development, the stock rose by 8%.
Price as of June 21, 2022 09:41Click on company names for their live prices.
The state-owned Bank of India (BoI) plans to raise up to Rs 2,500 crore in fresh equity as it needs to increase public ownership in the bank to 25% to meet regulatory standards. Currently, public ownership in Bank of India is 18.59%.
Price as of June 21, 2022 09:31Click on company names for their live prices.
Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Meanwhile, the Ministry of Finance’s latest Monthly Economic Review warns of strains in government finances caused by rising food and fertilizer subsidies and revenue shortfalls from cuts in water taxes. petrol and diesel. Fiscal and current account deficits are expected to deteriorate beyond budget forecasts. This macroeconomic headwind may also prove to be a headwind for markets, particularly if crude remains at high levels. Investors should seek the safety of fundamentally strong large caps during this phase of market turbulence.
Live market updates: Voda Idea, Future Consumer, Vedanta among the most active stocks on NSE
Price as of June 21, 2022 09:24Click on company names for their live prices.
All sectors are trading in the green; The media pack jumps 2.5%
OPENING BELL: Sensex jumps 400 points, Nifty above 15,450; Vedanta and Hindalco increase by 3% each
Asian stocks open higher
Asian stocks opened slightly higher on Tuesday morning, extending the previous day’s gains, following a positive lead from Europe as some stability returned to markets after last week’s heavy losses. The MSCI Asia-Pacific ex-Japan equity index rose 0.81%.
Fourth quarter results today
Gammon India and Aroma Enterprises are among the companies to announce their quarterly results today.
SGX Nifty reports positive start
Nifty futures on the Singapore Stock Exchange traded 22.5 points, or 0.15%, at 15,384.50, signaling Dalal Street was heading for a positive start on Tuesday.
Tech View: Analysts Predict Upcoming Recovery
Nifty50 broke a six-day losing streak on Monday and formed an indecisive candle on the daily chart. The advance-to-downside ratio for the broader market remained skewed in favor of the bears, but analysts said some technical metrics on Nifty50 point to a recovery ahead.
Oil rises on market caution over supply issues
Oil prices rose 1% in early trading on Tuesday, further recouping last week’s losses as attention returned to tight supply of crude and petroleum products amid worries about a recession hitting the request on the track. Brent crude futures rose $1.32, or 1.2%, to hit $115.45 a barrel at 0040 GMT, adding a 0.9% gain on Monday. The benchmark contract fell 7.3% last week in its first weekly decline in five.
Tokyo stocks open higher with eyes on Powell testimony
Shares in Tokyo opened higher on Tuesday as investors wait to hear from Federal Reserve Chairman Jerome Powell to address the US Congress later this week. The benchmark Nikkei 225 rose 1.07% or 275.88 points to 26,047.10 while the broader Topix index added 1.20% or 21.78 points to 1,840.72.
Rupee gains 7 paise to close at 77.98 against USD
Rising for the third consecutive session, the rupee appreciated 7 paise to settle at 77.98 against the US dollar on Monday as crude oil prices retreated from high levels. However, the relentless outflow of foreign funds limited the gains.
Sensex, nice on Monday
Benchmarks finally managed to regain ground on Monday after six straight days of declines as investors preferred to buy stocks at low levels, although they remained cautious throughout the session. The buying of FMCG and IT shares pushed the Sensex 237.42 points higher to close at 51,597.84, while Nifty50 recovered the 15,350 mark.