Sensex rises for 3rd day, up 29 points; Nifty Auto, Realty gain 3% each

The benchmark indices managed to eke out gains, amid buying in index heavyweight RIL, bank and auto stocks

8:50 AM

Stocks to watch: ZEEL, Info Edge, NBCC, Biocon, United Breweries, SJVN

Zee Entertainment: Invesco is insisting on the extraordinary general meeting (EGM) requisition which sought a newly reconstituted board and the removal of MD & CEO Punit Goenka. The demands of Invesco in the EGM are in contrast to the terms of the Zee-Sony non-binding merger announcement which leaves Goenka in charge as MD & CEO.

 

Reliance Power: It has appointed Subrajit Bhowmick as Chief Financial Officer (CFO) of the company. Incumbent CFO Sandeep Khosla has been elevated to the CFO of Reliance Infrastructure Limited, the promoter of Reliance Power Limited, a BSE filing said. READ MORE

8:48 AM

Two stock recommendations by Vaishali Parekh of Prabhudas Lilladher

BUY PTC INDIA

 

CMP: Rs 98.30

 

TARGET: Rs 110-114

 

STOP LOSS: Rs 94

 

The stock has corrected well from Rs 112, bottoming out near the trendline support zone of Rs 94 level, and is indicating a positive candle with improved bias. Basis on the development, one can anticipate further upside move in the coming days. The RSI also has indicated a trend reversal, signaling a 'Buy'. We suggest to buy and accumulate the stock for an upside target of Rs 110-114 levels keeping the stop loss at Rs 94. READ MORE

8:45 AM

Nifty outlook: Technical indicators suggest turbulence ahead; stay cautious

Last Monday, the global screen was looking extremely terrible and, thus, domestic markets too started the week around 17,450 mark. Surprisingly, after the initial hiccup, we witnessed a v-shaped recovery, not only to erase losses but also to trade in the green, above 17,600. However, it could not decouple itself from the global peers for a long time as the markets took a U-turn post the mid-session, to finally sneak below 17,400 on a closing basis.  READ MORE

 

8:41 AM

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

8:39 AM

Bulk deals on BSE as on Friday

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8:37 AM

Bulk deals on NSE as on Friday

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8:35 AM

SGX Nifty hints at positive opening

>> At 8:30 am, the index was at 18,012 levels, up 163 points

8:33 AM

Rupee slips 4 paise to close at 73.68 against US dollar

The Indian rupee slipped 4 paise to close at 73.68 (provisional) against the US dollar on Friday, following weaker Asian peers against the American currency. At the interbank foreign exchange market, the local currency opened at 73.77. It touched an intra-day high of 73.61 and a low of 73.78 during the day. 

 

The rupee finally settled at 73.68 against the American currency, down 4 paise over its previous close. In the previous session on Thursday, the rupee had closed at 73.64 against the US dollar.

Source: PTI

8:33 AM

Oil prices jump more than 1%

Oil prices were higher on Monday morning with international benchmark Brent crude futures up 1.61 per cent to $79.35 per barrel. U.S. crude futures gained 1.64 per cent to $75.19 per barrel.

 

8:32 AM

Asia shares rise; Evergrande stocks in Hong Kong slide

Shares in Asia-Pacific were higher in Monday morning trade, with investors monitoring stocks related to embattled developer China Evergrande Group. Evergrande Group shares in Hong Kong also declined 0.85 per cent. 

 

The broader Hang Seng index in Hong Kong gained 0.29%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.43%.In Japan, the Nikkei 225 rose 0.31% while the Topix index advanced 0.39%. South Korea’s Kospi gained 0.56%. The S&P/ASX 200 in Australia gained 0.85%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.28% higher.

8:31 AM

S&P 500 rises for a third straight day to end a wild week of trading

The S&P 500 and the Dow Jones Industrial Average eked out gains on Friday, wrapping up a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector and Nike shares fell as supply chain issues stemming from the pandemic hit the sneaker giant.

 

The Dow Jones Industrial Average gained 33.18 points, or 0.10 per cent, to 34,798.00. The S&P 500 edged 0.15 per cent higher to 4,455.48 and the Nasdaq Composite ticked down 0.03 per cent to 15,047.70. The Nasdaq trailed the other major averages on a week-to-date basis, and the tech-heavy index added 0.02 per cent for the week. The Dow finished the week 0.6 per cent higher, while the S&P 500 ended it 0.5 per cent higher.

Source: CNBC

8:28 AM

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