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
 "MARKETS: Indices make a smart come-back; Sensex up 50 pts; FMCGs gain")
8:55 AM
Top stocks to keep on radar
SBI Card: Private equity (PE) major Carlyle plans to offload 5.1 per cent take in SBI Cards and Payment Services on Friday. A total of 48 million shares of the credit card company will be on offer in the range between Rs 1,002 to Rs 1,041.3 per share --- a discount of 1 per cent and 4.7 per cent to the last closing price of Rs 1,051.7.
Power Grid: Power Grid Corporation posted a 6.4% YoY increase in its consolidated net profit at Rs 3,526.23 crore for the fourth quarter of FY21. The figure stood at Rs 3,313.47 crore in same period last year. READ MORE
8:53 AM
Market Ahead Podcast :: Top factors that could guide markets today
In the overnight session, a conviction in the strength of the economic recovery pushed investors into US technology stocks, driving the Nasdaq to near record high, although a post-Fed hangover left a subdued S&P nursing a very minor loss. Meanwhile, Dow - with a more pronounced drop - posted its fourth straight lower close. The Dow Jones Industrial Average fell0.62%, the S&P 500 lost 0.04% and the Nasdaq Composite added 0.87%. LISTEN TO THE PODCAST HERE
8:50 AM
Bull spread strategy on HCL Tech
Rationale:
-- We have seen long build-up in the HCL Tech Futures till now during the June series, where we have seen 5 per cent rise in the Open Interest with price rising by 0.6 per cent.
8:46 AM
Stock picks by Osho Krishan
BUY NOCIL | TARGET: Rs 226 | STOP LOSS: Rs 199
NOCIL has been trading in a symmetrical triangle pattern on the daily time frame. Currently, it is placed above all its major exponential moving averages on the daily time frame, suggesting inherent strength in the counter. Even on the oscillator front, 14 period RSI has witnessed positive crossover and is all set to surge northwards, wherein any breakout from the mentioned pattern could result in a huge splurge in the counter in near future.READ MORE
8:38 AM
FIIs offload equity worth Rs 880 crore
8:36 AM
Strong start on cards for D-Street
>> SGX Nifty was ruling 57 points higher at 15,749 around 8.35 am
8:34 AM
Rupee slides to 74/$
Source: Bloomberg
8:31 AM
Oil slips again on surging US dollar
Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat - only slightly off multi-year highs.
Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel, extending a 1.8% decline on Thursday. U.S. West Texas Intermediate (WTI) crude futures were down 48 cents, or 0.7%, at $70.56 a barrel, after retreating 1.5% on Thursday.
8:21 AM
Asian market drift in early trade
Asian stocks drifted Friday after a rally in U.S. technology shares and Treasuries Thursday, as investors unwound some of this year’s dominant reflation trades.
- S&P 500 futures rose 0.2%
- Nasdaq 100 futures gained 0.3%
- Japan’s Topix index slipped 0.2%
- South Korea’s Kospi index was flat
- Australia’s S&P/ASX 200 Index gained 0.5%
- Hang Seng Index rose 0.8%
- Shanghai Composite Index was little changed
8:19 AM
US STOCK UPDATE :: Wall Street ends mixed with Nasdaq near record
In the overnight session, a conviction in the strength of the economic recovery pushed investors into US technology stocks, driving the Nasdaq to near record high, although a post-Fed hangover left a subdued S&P nursing a very minor loss. Meanwhile, Dow - with a more pronounced drop - posted its fourth straight lower close. The Dow Jones Industrial Average fell 0.62%, the S&P 500 lost 0.04% and the Nasdaq Composite added 0.87%.
8:05 AM
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Topics : MARKET LIVE Markets BSE Sensex Nifty50 MARKET WRAP
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First Published: Jun 18 2021 | 8:05 AM IST
