Sensex slips 183 pts in a choppy trade; Nifty below 15,700; TCS dips 1.5%

The broader markets, on the flipside, settled about half a per cent higher.

9:09 AM

Pre-open session

9:07 AM

Top stocks to watch today

Results today: A total of 15 companies, including Delta Corp, Suryavanshi Spinning Mills, and Vikas Lifecare are set to release quarterly earnings on Friday.

 

TCS: Tata Consultancy Services' (TCS) Q1 FY22 performance missed estimates even as the net profit jumped 28.5 per cent YoY to Rs 9,008 crore and revenue rose 18.5 per cent YoY to Rs 45,411 crore. According to Bloomberg poll, analysts were estimating revenue of Rs 45,767.5 crore and net profit of Rs 9,391.9 crore for the quarter gone by. READ MORE

9:00 AM

Q1 business update :: JSW Steel Group Crude Steel Production volume up 16% QoQ at 5.07 MT

8:52 AM

Osho Krishan is bullish on these two HDFC group stocks

BUY HDFC LIFE INSURANCE COMPANY | TARGET: Rs 780 | STOP LOSS: Rs 620

 

HDFC Life has corrected over 7 per cent from the recent high of Rs 731 in the last couple of trading sessions amid block deals that took place at a discounted rate. Currently, the stock is placed at its strong demand zone as historically these levels have provided firm consolidation to the counter. Even, the cluster of moving averages is expected to provide a cushion to the fall and gradual recovery could be expected from here on. The sloping trend-line is acting as strong support to the counter, and even the technical indicator, 14 period RSI seems to reverse its trend near the oversold region. All these are the early sign of trend reversal and one may accumulate the stock from a short to medium-term perspective. READ MORE

8:48 AM

Derivative strategy on Alkem Lab

Rationale:

 

-- We have seen long build-up in the ALKEM Futures, where we have seen 3 per cent(Prov) rise in the Open Interest with Price rising by 0.4 per cent.

 

-- The stock price has already broken out on the daily chart to close at all-time high with higher volumes READ MORE

8:44 AM

Bulk deals on the BSE as on Thursday

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8:41 AM

Bulk deals on the NSE as on Thursday

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8:36 AM

FIIs, DIIs both turned net sellers on Thursday

Source: NSE

8:34 AM

Tepid start likely for D-Street

SGX Nifty traded 42 points or 0.26% down at 15,668

8:32 AM

Rupee declines by 9 paise to 74.71; extends losses for 3rd day

Falling for the third day in a row, the rupee weakened further by 9 paise to end at 74.71 against the US currency on Thursday as weaker domestic equities weighed on the forex market sentiment. The US dollar traded strong against other Asian currencies after the minutes from the last Federal Reserve meeting indicated a tighter monetary policy ahead. 

Source: PTI

8:29 AM

Oil mixed as US inventories draw offset by OPEC+ standoff

Oil prices were mixed on Friday after a boost from a drop in U.S. crude and gasoline inventories, but were still set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies. Brent crude oil futures were down 9 cents, or 0.1%, at $74.03 a barrel. US West Texas Intermediate futures were up 1 cent at $72.95 a barrel.

 

Source: Reuters

8:27 AM

Asian markets off to shaky start

Asian shares followed US equities lower on Friday on growing anxiety that the spread of Covid-19 variants could hamper the global economic recovery. Japan’s Topix index retreated 1.8%, Australia’s S&P/ASX 200 index lost 1.3% and South Korea’s Kospi index shed 1.6%.

 

8:27 AM

US MARKET UPDATE

Wall Street lost ground on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery. The Dow Jones Industrial Average fell 0.75%, the S&P 500 lost 0.86% and the Nasdaq Composite dropped 0.72%.

8:08 AM

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