D-St ends flat ahead of Powell testimony; Sensex up 14 pts; auto, IT gain

Maruti Suzuki, up 5 per cent, on the NSE was the biggest gainer on the Nifty today after the company decided to hike vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs

8:50 AM

UBS on Bharti Airtel

Reco: Buy | TP: Rs 655

>> Ties up with Tata Group for indigenous 5G solutions

>> 5G solutions to be piloted in Jan 2022

>> Spectrum auctions & commercial rollouts still some time away

>> Overall, positive for the overall 5G ecosystem

 

8:48 AM

Technical set-up for Nifty Bank index

Bank Nifty opened negative on Monday but managed to respect previous day’s low of 34,900 zones and recovered well by around 1000 points from lower levels.

It took support near to its 50-DEMA and also formed a Bullish Engulfing pattern near to key support after the lower top - lower bottom of last 11 trading sessions

 

Now, it has to hold above 34,500 zones to move towards 35,250 and 35,500 zones while on the downside support exists at 34,250 and 34,000 levels.

Views by: Motilal Oswal Financial Services

8:45 AM

Technical set-up for Nifty today :: Trading range can be 15,500 - 16,000

Nifty index opened negative on Monday but managed to hold support near to 15,500 and recovered well towards 15,765 zones. It witnessed sustained buying interest throughout the day and closed with the gains of around 60 points. It formed a strong Bullish candle after the profit booing declines of last three trading sessions which indicates that bulls are having dominance at key support zones

 

Now, it has to hold above 15,700 levels to witness an up move towards 15,900 and 16,000 zones while support can be seen at 15,600 and 15,550 zones

           

On option front, Maximum Put OI is at 15,500, then15,000 strike while maximum Call OI is at 16,000, then 15,800 strike. Call writing is seen at 16,000, then 15,900 strike while noticeable Put writing is seen at 15,600, then 15500 strike. Option data suggests an trading range in between 15,500 to 16,000 zones.

Views by: Motilal Oswal Financial Services

8:41 AM

Bulk deals on the BSE as on Monday

Click here for complete list

8:38 AM

Bulk deals on the NSE as on Monday :: Barclays Securities India buys Zota Health

Click here for complete list

8:35 AM

Results today :: A total of 79 companies are slated to post their quarterly numbers today

Click here for complete list

8:32 AM

Strong start on cards for D-Street

>> SGX Nifty was trading 83 points higher at 15,811 around 8.30 am

8:28 AM

Rupee check

Source: Bloomberg

8:24 AM

Brent oil edges above $75-mark

Brent oil hit $75 a barrel for the first time in more than two years amid signs of a rapidly tightening market. Futures in London edged above that mark in early Asian trading after rising 1.9% in the previous session, the most in four weeks. 

 

(Source: Bloomberg)

8:22 AM

Asia stocks advance

Most Asian stocks rose Tuesday, tracking a U.S. equity rebound as the prospect of gradual policy tightening tempers some of the concerns about the Federal Reserve’s hawkish tilt. 

 

- Topix index climbed 2.4%

- Australia’s S&P/ASX 200 Index added 1.2%

- Kospi index rose 0.5%

- Hang Seng Index rose 0.3%

- Shanghai Composite Index rose 0.3%

 

(Source: Bloomberg)

8:19 AM

Wall Street ends sharply higher

In the overnight session, US stocks notched their biggest rally in five weeks as speculation the Federal Reserve will tighten policy at a gradual pace outweighed concern about the central bank’s hawkish pivot. The Dow Jones Industrial Average rose 1.76%, while the S&P 500 gained 1.40%. The Nasdaq Composite climbed 0.79%.

 

8:03 AM

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