RIL, HUL, Airtel help indices log V-shaped recovery; Sensex ends 21 pts up

The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.70 per cent and 0.89 per cent down, respectively

2:20 PM

Some commodities have now wiped out all of their 2021 rally: Here's why

For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so. Soybean futures have erased their 2021 advance, sliding more than 20% from an eight-year high reached in May, while corn and wheat have also tumbled. The Bloomberg Grains Spot Subindex slid the most since 2009 on Thursday, before edging higher on Friday as markets recovered some losses. Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered. READ MORE

Photo: Bloomberg

2:09 PM

Deepak Fertilisers, Godawari Power dip 5% after surging up to 54% in 9 days

With effect from today, on surveillance measures, these stocks are trading under ‘T’ group on the BSE and ‘BE’ segment on the National Stock Exchange (NSE). Shares falling in the Trade-to-Trade or T-segment are traded in BE series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares. READ MORE

1:58 PM

NEWS ALERT :: Aster DM likely to have partnered with Dr Reddy's Labs for Sputnik V

1:56 PM

European markets check

(Source: Reuters)

1:50 PM

SECTOR WATCH:: Buying emerges in FMCG stocks

1:42 PM

Analysts expect Aramco deal update, ground-breaking products in RIL AGM

The upcoming annual general meeting of Reliance Industries (RIL) will be a keenly watched event, according to analysts, where the company to spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals. “Over the last year, new investors have joined RIL’s digital and retail business at subsidiary level and RIL has formed new partnerships with global players like Google, Facebook, Microsoft, QUALCOMM etc. Investors now expect RIL to give direction to these businesses and announce ground breaking products,” wrote Thomas C. Hilboldt, head of resources & energy research for Asia Pacific at HSBC. READ MORE

 

1:38 PM

KIMS IPO sails through on Day 3

1:27 PM

NEWS ALERT :: Paytm likely to hold EGM on July 12

TV reports suggest:

>> Co tells shareholders, it looks to raise Rs 12,000 cr through fresh issue of shares

>> Co also looks to declassify Vijay Shekhar as promoter of the company

1:23 PM

Sensex, Nifty: Don't worry about the fall; medium-term trend is intact

S&P BSE SENSEX

 

Likely target: 52,700 and 53,000 (after a close above 52,300)

 

Upside potential: 0.76% and 1.34%

 

The overall trend on the index is bullish as long as the support of 51,000 is held firmly. The recent move may show signals of distribution. However, the underneath trend is intact with immediate support coming at 51,500 and 51,300 levels. Going forward, if the index manages to sustain above 52,300 levels, the upside bias may regain positive momentum, as per the daily chart. The trend may further lead to 52,700 and 53,000 levels. READ MORE

1:17 PM

NEWS ALERT :: No property tax hike in Mumbai till Covid situation persists

1:13 PM

Capex pace, receivables to drive ratings of Indian renewable holdcos: Fitch

Capex intensity and the pace of receivables collection from distribution companies will dictate ratings trajectory for Greenko Energy Holdings and ReNew Power, Fitch Ratings has said in a new report. "We expect the operating portfolios of ReNew and Greenko to diverge in terms of scale, offtake and resource mix over the next two years as their approach to growth varies," it said. READ MORE

1:13 PM

Stocks that hit 52-week high on BSE in an otherwise subdued session today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Coforge	3951.65	4045.00	-0.70
Cyient	833.30	886.00	-2.75
Guj.St.Petronet	323.35	327.90	0.78
Gujarat Fluoroch	1171.00	1240.00	1.61
ICICI Pru Life	585.65	596.00	-0.64

1:02 PM

Minda Industries raises Rs 50 cr via issuance of commercial papers

Auto component maker Minda Industries on Friday said it has raised Rs 50 crore through issuance of commercial papers. "Minda Industries has issued the commercial paper of Rs 50 crore with allotment date June 17, 2021, and due for maturity on August 11, 2021," the company said in a regulatory filing. Minda Industries said this is in line with the management's efforts to bring down the finance cost. READ MORE

12:54 PM

Hindustan Unilever trades higher for 4th straight day, nears 52-week high

Shares of Hindustan Unilever (HUL) rose nearly 2 per cent to Rs 2,457.90 on the BSE in intra-day trade on Friday, in an otherwise weak market, on a positive outlook. The stock of the fast-moving consumer goods (FMCG) company was trading close to its 52-week high level of Rs 2,504.30, touched on April 13, 2021. It was trading higher for the fourth straight days. In comparison, the S&P BSE Sensex was down 0.66 per cent at 51,994 points at 12:35 pm. READ MORE

12:42 PM

Returned Rs 17,777 cr to investors of shuttered schemes: Franklin Templeton

Franklin Templeton Mutual Fund (MF) on Thursday said it has returned Rs 17,777 crore to unit holders of six shuttered debt schemes till June 15. This amounts to 71 per cent of assets under management (AUM) as on April 23, 2020, when the fund house shut its six debt mutual fund schemes citing redemption pressures and lack of liquidity in the bond market. READ MORE