Sunday, December 22, 2024 | 02:05 PM ISTEN Hindi

Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off

CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent

SI Reporter New Delhi

MARKET LIVE: Sensex at day's low, drops 500 pts in broad-based sell off

11:28 AM

Q1 results preview: Strong order book booster for infra, cap goods firms

Sequentially, numbers likely to decline, since June quarter is seasonally weak. Read here

11:19 AM

WATCH: Is it a good strategy to invest in gold right now?

With financial markets facing a turbulent time, is it a good strategy to seek refuge in gold? What are the key factors that you must keep in mind before investing in the yellow metal? Watch

11:10 AM

CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May

According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year. Read here

11:00 AM

HCL Tech dips 6% in 2-days, hits 52-week low ahead of June quarter results

Analysts expect EBIT to contract sequentially due to increase in retention costs as well as higher travel costs. Read here

10:51 AM

CRYPTO VIEW: Bitcoin market sentiment on weak footing

Bitcoin dropped by over 7% in the last couple of days to fall below the $20K level after failing to stay above the $22K.

The BTC market sentiment also weakened as fear crept in with the drop in prices.

On the daily time-frame, the BTC chart is traversing within the descending channel pattern. The daily RSI is approaching the oversold zone and we could expect investors to re-enter at this level.

A failure to maintain its momentum above the $22K level could see BTC dropping further. An immediate support for Bitcoin is expected at $17,700

Ethereum closed in Red once again yesterday, dropping by nearly 6%. ETH tried to overcome the resistance level of $1,280 multiple times but was always met with rejection.

The daily trend for Ethereum has formed a descending triangle pattern and is trading close to the support levels. The daily RSI has fallen below the 40 level and fast approaching the oversold zone. An immediate support for Ethereum is expected at $890

Source: WazirX Trade Desk

10:41 AM

Gold unchanged today; silver up dramatically, trading at Rs 63,000 per kg

Gold prices remain unchanged in Tuesday's early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 51,210. READ MORE

10:30 AM

HCL Tech Q1 results preview: Here is what top brokerages expect

HCL Tech Q1 results preview: Here is what top brokerages expect. READ MORE

10:21 AM

Titagarh Wagons hits 4-year high; gains 26% in 2 weeks on strong order book

As on March 2002, TWL had a strong diversified order book position of Rs 15,123 crore across Indian (Rs 10,675 crore) and Italian business (Rs 4,448 crore) operations. READ MORE

10:05 AM

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

>> The dominant factor influencing markets - equity, bond, currency and many commodities - is the sustained rise in the dollar which has gained momentum during the last one month. Dollar has appreciated 5 percent since early June and 13 percent so far in 2022. If this trend sustains, it is bad news for EM equity. But now it appears that this 'flight to dollar safety' is a bit overdone and due for some correction.

>> In India, after TCS' Q1 results indicating margin pressure for the industry, IT index has turned weak. But valuations for the segment are now fair. The most resilient segment in the market now is Bank Nifty and the leading stock is ICICI Bank. This resilience of the banking segment is likely to continue. Autos, capital goods and some segments of FMCG also are on strong wicket.

10:03 AM