Investors book profit ahead of US Fed meet outcome; Sensex drops 271 pts

In the broader markets, the BSE MidCap index slipped 0.95 per cent while the BSE SmallCap index dipped 0.68 per cent.

9:19 AM

Opening Bell :: Nifty holds 15,800

9:17 AM

Opening Bell :: Indices open with a red tick; Sensex slips 100 pts

9:06 AM

Top gainers and losers on the S&P BSE Sensex in Pre-open

9:06 AM

Markets at Pre-open

9:04 AM

Markets at Pre-open

9:03 AM

Top stocks to watch today

Earnings Today: RITES, Asahi India Glass, Nureca, Somany Ceramics, and Welspun Enterprises are among 32 companies slated to release their quarterly earnings today.

 

DRL: Dr Reddy's Laboratories (DRL) on Tuesday said it has been asked to pay $46.25 million to Australia-based Hatchtech Pty Ltd as part of an asset purchase agreement between the two parties in 2015.

 

ICICI Bank: The private sector lender has raised over Rs 2,827 crore by issuing bonds on a private placement basis. READ MORE

9:00 AM

Trading ideas by HDFC Securities

Buy Oberoi Realty (Rs 650): | Target: Rs 780 | Stop-loss: Rs 600
 

On June 3, the stock surpassed the crucial double top resistance of 630 on a closing basis. Volumes have been building up in the stock for last three weeks, along with the price rise. Realty sector has started getting traction in the last one month. Oberoi Realty is one of the best placed stocks from the real estate sector, technically. The stock is placed above all important moving averages, indicating bullish trend on all time frame. Indicators and oscillators have turned bullish on weekly and monthly charts. READ MORE

8:58 AM

Weekly stock recommendations by Ajit Mishra

Cholamandalam Investment and Finance Company

Recommendation: Buy

 

Target: Rs 620

 

Stop loss: Rs 545
 

Cholamandalam Investment and Finance has been consolidating within Rs 500-600 zone for the last three months. It is currently trading closer to the upper band of the range while holding firmly above the support zone of the short-term moving average (50 EMA). Indications are in the favor of a breakout soon, so we advise utilising the prevailing phase to initiate fresh positions. READ MORE

8:54 AM

Dodla Dairy IPO: Should you subscribe to the issue?

The IPO, analysts said, is valued at 16.5 times FY21 earnings and looks reasonable compared with peers, although some concerns on the earnings growth front linger. Most analysts have a 'subscribe' rating on the issue as they expect a rerating of valuations given Dodla Dairy's market leadership, high return ratios, thrust on expanding footprint and improved efficiencies. READ MORE

8:52 AM

Krishna Institute of Medical Sciences IPO: Here's all you need to know

The three-day initial public offer (IPO) of Hyderabad-based Krishna Institute of Medical Sciences (KIMS) will open for subscription on Wednesday. Most of the brokerages recommend investors subscribe to the issue for a long-term considering healthy industry growth prospects and the company's strong track record.

 

According to a Crisil report, the Indian healthcare industry is expected to log a CAGR of 17-18 per cent and Rs 7.1 trillion by FY24. Besides, in FY20, 68 per cent of hospital treatments, in terms of the treatment value, were carried out in private hospitals, and the number is expected to reach 72 per cent in FY24, the report said. READ MORE

8:49 AM

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

8:45 AM

Results today :: A total of 32 companies are slated to post their quarterly numbers today

Click here for complete list

8:36 AM

Rupee check

8:33 AM

SGX Nifty indicates muted start

> Nifty futures on SGX were down 9 points at 15,845 around 8.30 am, indicating flat-to-negative start for the benchmark indices

8:29 AM

Oil bulls take charge as demand outlook improves; Brent moves past $74 mark

Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors. Brent crude was up 69 cents, or 0.9%, at $74.68 a barrel, having risen 1.6% on Tuesday. US crude gained 66 cents, or 0.9%, to $72.78 a barrel, after rising 1.7% in the previous session. 

 

(Source: Reuters)