Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%

CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.

11:10 AM

Firm cotton prices to keep yarn-spinning stocks in check: Analysts

Analysts expect that the inflated cotton prices to continue to haunt small-sized yarn spinners during the first half of FY23 (H1-FY23). However, a good monsoon season can paint a different story. Read here

11:00 AM

Biocon slips 4% despite arm denying bribery charges

At 10:26 AM; the stock of Biocon was down 3 per cent at Rs 316.10, as compared to 1 per cent decline in the S&P BSE Sensex. Earlier, it had hit a 52-week low of Rs 309.30 on Monday, June 20, 2022. Read here

10:51 AM

SEC recommendation in accordance with guidelines: Biocon Biologics

The company said its product approvals are backed by science and clinical data. Read here

10:40 AM

Indian economy: Not just a twin but a triple-deficit problem looms

While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face. READ HERE

10:31 AM

Gold price falls Rs 100; silver remains unchanged, selling at Rs 61,000/kg

Gold prices went down in Wednesday's early trade from the previous day's rate by Rs 100, with 10 gram of yellow metal (24-carat) selling at Rs 51,980. Read here

10:21 AM

Crypto view: Key support for Bitcoin likely at $14,000

Bitcoin remained just under the $21K level after recovering back from a dip below the $18K mark. Interestingly, this minor recovery has sparked the interest of people in Bitcoin again as the number of searches for the token reached a 12-month high. The daily trend for Bitcoin continues to traverse within a descending channel pattern seemingly bouncing-off the support levels. The next key support for Bitcoin is expected at $14,000. The daily RSI recovered back above the 25 level, still remaining in the oversold zone.

Views expressed by WazirX
 

 

10:15 AM

Sugar stocks in tandem with market mood

10:05 AM

Market view: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Pull back rallies can be sharp and it was sharp yesterday. The important question is: will this continue? There is no economic news, except the softness in crude, to sustain the rally. There is no reason for FIIs to change their selling strategy since the dollar continues to be strong and US bond yields are attractive and expected to rise further. The large-caps which bounced back sharply yesterday are fundamentally strong stocks. Therefore, the best investment strategy now should be to buy these high-quality names in small quantities, on dips.

10:00 AM

Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%

Going forward Jain Irrigation Systems will focus on improving the India business to drive higher growth and margin in one of the fastest growing irrigation markets in the world. READ HERE

9:55 AM

Paint stocks trade mixed on volatile crude oil prices

9:51 AM

Nifty Metal sheds 3%; Hindustan Copper at bottom of the heap

9:45 AM

MCX Crude Oil futures may drop to Rs 8,050; Natural Gas may bounce back

The MCX Crude Oil futures seem on course to test the 100-DMA around Rs 8,050-level; Select momentum oscillators on Natural Gas have hit oversold territory, thus a pull-back rally can be expected. READ HERE

9:40 AM

Jain Irrigation soars 10% after it inks pact with Rivulis

9:36 AM

Pressman Advertising spurts 5% ahead of board meet on June 24

9:30 AM

Inox Leisure gains 1% as Sebi clears PVR-Inox merger