Sensex falls 664pts from day's high, ends 49pts down; RIL up 2%, autos dip

CLOSING BELL: The Nifty IT index was the only gainer, up 0.45 per cent

9:06 AM

Pre-open session: Nifty 50 advances above 16,700 levels

9:02 AM

Currency at open: Rupee opens 15 paise stronger at 77.46 vs dollar

9:01 AM

F&O Strategy: Nandish Shah recommends a Bull spread on Federal Bank

The technical analyst from HDFC Securities recommends buying Federal Bank 95 Call and simultaneously selling 100 Call for the June expiry. Read here

8:56 AM

DIIs stay firm: Buy shares worth Rs 131 crores Thursday

8:54 AM

FPI selling: Sell Rs 452 crores of shares Thursday

8:53 AM

Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum

According to the technical analyst from Anand Rathi, Elecon has confirmed a range breakout while HPCL seems to be testing support at its long-term trend line.Read here

8:47 AM

Exports up 15.46% in May; trade deficit widens to a record $23.3 billion

India's merchandise exports grew 15.46 per cent YoY to $37.29 billion in May. Read more

8:44 AM

Oil prices steady on doubts OPEC+ hike can make up Russian deficit

Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session. Read here

8:41 AM

SGX Nifty futures up 150 pts; Nifty may open around 16,800

source: investing.com

8:39 AM

Pre-market view: Nifty50 support at 16,650 today

Markets are looking to give a strong positive opening with gains of over a percent in Nifty50 as indicated by the SGX.

Among the Asian markets all are positive on the back of the US market being positive after two days of losses.

The positive indicators are also coming on the crude front with OPEC+ countries planning to increase production of 648,000 barrels per day from July and August  - much required worldwide to tame inflation and help the world to take on faster growth.

 

Also Nifty50 index options faced a fat finger trade yesterday with strike price 14,500 call selling for very low prices while index was trading at 16,500-16,600 levels.

 

For the benchmark indices, 16,650 and 17,000 will act as support and resistance for Nifty50 today. While Bank Nifty would have support and resistance at 35,200 and 36,000.

Views by Mohit Nigam, Head - PMS, Hem Securities

8:36 AM

Top stocks on radar today: UltraTech Cement, Castrol, CIL, Aether Ind, Deepak Nitrite

Stocks to Watch: Aether Industries will be in focus as the speciality chemical maker is set to make its debut on the bourses today. The issue price has been fixed at Rs 642 per share. Read here

8:34 AM

CRYPTO VIEW: Long-term holders seem to be doubling-down on BTC

BTC continued to trade near the $30,000 level.

While the recent dip has done little to attract new investors, long-term holders seem to be doubling-down and buying BTC at current price levels.

With the drop in prices, hodlers’ capacity to buy more BTC per dollar increases, as seen from the accumulation trend score.

The score indicated that investors who are still in the game are adding significantly to their BTC holdings.

 

Some altcoins like ADA and ICP out performed BTC over the last 24 hours; however most other alts underperformed BTC, indicating that investors continued to take a risk-off approach.

Views by Darshan Bathija, CEO and Co-Founder of Vauld

8:27 AM

From wheat to steel, India can't afford to lose the world's trust on trade

The only chance that countries such as India have to entice value chains away from China is by focusing on resilience and reliability. Read more

8:26 AM

Rupee closes 8 paise weaker vs US on Thursday

source: bloomberg

8:22 AM

Oil prices firmly elevated: Brent Crude at $117 a barrel; OPEC+ to raise output by 6.48 lakh bpd

Source: oilprice.com