Sensex falls 164 pts; Vodafone Idea tumbles 9%, Happiest Minds soars 17%

Despite an overall slowed down momentum in the markets, investors rewarded auto stocks as the June sales figures showed healthy year-on-year recovery

9:04 AM

June Auto Sales :: VST Tillers reports an increase of 12.5% YoY in tiller sales

>> Co reports 15% YoY increase in tractor sales

9:01 AM

NEWS ALERT :: Cadila health in focus

Cadila Health applies to DCGI for emergency use authorisation to launch ZyCoV-D for Covid-19
 

 

8:57 AM

Jet Fuel prices hiked

Jet Fuel (ATF) price raised by Rs 2,354/kL(3.6%) to Rs 68,262/kL in Delhi

Source: TV report

8:55 AM

BS Podcast :: Top factors that could guide markets today

Amid a mixed set of cues from global peers and concerns over the new variant of Covid-19, Indian markets eye a muted start to the new month, with SGX Nifty ruling 2 points lower at 15,745 around 7.30 am. Market participants will also be closely eyeing the auto sales and PMI data for cues while volatility could remain high due to weekly F&O expiry. LISTEN TO THE PODCAST

8:50 AM

Top stocks to keep on radar

Vodafone Idea: The telecom operator cut down its net loss by 39.5 per cent YoY in the fourth quarter FY21 to Rs 7,022 crore on the back of lower operating and exceptional expenses. In the same quarter of the previous year, it had posted a net loss of Rs 11,643 crore. The figure, however, widened 55 per cent on a sequential basis.

 

SpiceJet: The airline reported narrowing of net loss to Rs 235.3 crore for the quarter ended March 2021, and announced that it will raise up to Rs 2,500 crore to ensure long-term growth and sustainable operations. READ MORE

8:48 AM

Trading strategies for copper and aluminum by Tradebulls Securities

Buy Copper July above 730 | TGT: 755 | Stoploss: 718

 

Last week, we recommended short position in Copper below 730 as it was the support level and copper fell till 685 and our target was achieved. Now, copper is on the path of recovery and the same support has become resistance. So, we would recommend taking long position above its resistance level of 730 for the expected target of 755 and stoploss at 718. READ MORE

8:45 AM

Bulk deals on the BSE as on Wednesday

Click here for complete list

8:40 AM

Bulk deals on the NSE as on Wednesday

Click here for complete list

8:36 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:30 AM

SGX Nifty back in the green

> Nifty futures wiped off earlier losses and were trading 18 points higher at 15,765 around 8.25 am

8:18 AM

Rupee check

Source: Bloomberg

8:13 AM

Oil drifts sideways ahead of OPEC+ meeting

Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year. Brent crude for September edged up 1 cent to $74.63 a barrel by 0048 GMT while the U.S. West Texas Intermediate crude for August was at $73.46 a barrel, down 1 cent but near its highest since 2018 of $74.45.

 

Source: Reuters

8:11 AM

Asian markets off to weak start

In Asia, stocks slipped amid a firmer dollar as traders weighed signs that Covid-19 flareups are hampering some of the region’s manufacturing. Japan’s Topix index fell 0.3%, Australia’s S&P/ASX 200 index and South Korea’s Kospi index dropped 0.4% each.

 

8:11 AM

US MARKET UPDATE

In overnight trade, the S&P 500 nabbed its fifth straight record closing high as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday's highly anticipated employment report. Dow posted gains, while the Nasdaq edged lower.

 

Overall, the Dow Jones Industrial Average rose 0.61%, the S&P 500 gained 0.13% and the Nasdaq Composite dropped 0.17%.

8:05 AM

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