RBI's liquidity shot lifts pharma, bank stocks; Sensex leaps 424 pts

The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward

8:43 AM

'Nifty close below 14,416 would be bearish for short-term'

Any close below 14,416 would violate the crucial support of the golden ratio and in that case, we can expect Nifty to enter in to a bearish territory. Below 14,416, Nifty could slide towards next support of 14,150. In short term, we can expect stock-specific bullish moves in mid-cap and small-cap segment and those should be traded with appropriate stoploss. READ MORE

8:40 AM

Trading calls by Ajit Mishra of Religare Broking

BHARTI AIRTEL LIMITED

 

Recommendation: Buy
 

Target: 595

 

Stop loss: 538

 

Bharti Airtel has witnessed a fresh breakout from a consolidation range after spending nearly two months It strongly upheld the support zone of long-term moving average( 200 EMA) on the daily chart throughout that phase. Indications are in the favor of a steady rise from hereon. Traders shouldn't miss this opportunity and create fresh longs in the mentioned zone. READ MORE

8:38 AM

Bulk deals on the NSE as on Tuesday

Click here for complete list

8:36 AM

Bulk deals on the BSE as on Tuesday

Click here for complete list

8:33 AM

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

8:29 AM

Rupee check

Source: Bloomberg

8:26 AM

Oil on the boil

Oil prices climbed to seven-week peaks as more countries opened their borders to travellers, improving the demand outlook for petrol and jet fuel. Brent added 57 cents to $69.49 a barrel, near its highest since mid-March.

8:23 AM

Thin trade in Asia

Holidays in Japan, China and South Korea limited the early reaction, leaving MSCI’s broadest index of Asia-Pacific shares outside Japan dithering either side of flat.

 

8:21 AM

Wall Street on Tuesday

The Nasdaq had dropped 1.9 per cent on Tuesday as some big tech names ran into profit-taking, including Microsoft Corp, Alphabet Inc, Apple Inc and Amazon.com Inc. S&P500 also dropped 0.7 per cent while Dow Jones closed 0.06 per cent higher.

Stretched valuations were tested when US Treasury Secretary Janet Yellen said rate hikes may be needed to stop the economy overheating. She later waked back the comments, but it reminded investors that rates would have to rise at some point in the future.

8:18 AM

NEWS ALERT :: RBI Guv to make an unscheduled speech at 10 AM today

8:15 AM

SGX Nifty alert

>> At 8:14 AM, the index was at 14,588 levels, up 56 points.

8:07 AM

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