Profit-booking drags broader mkts; Metal, PSB indices fall 3%, IT stocks up

The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent

9:10 AM

Top Sensex gainers & losers in pre-open session

9:09 AM

Nifty50 holds above 16,250 in pre-open session

9:07 AM

Pre-open session :: Sensex rises 60 points

8:57 AM

Top stocks to watch today

Earnings Today: Zomato, Coal India, Lupin, Power Grid Corporation of India, Ashoka Buildcon, Deepak Fertilisers, Eveready Industries, KIMS, Max Financial Services, Motherson Sumi Systems and Whirlpool of India are among over 200 companies slated to post their quarterly earnings today.

 

Shree Cement: The company posted Q1FY22 PAT at Rs 630 crore before adjustment, up by 90.7 per cent versus Rs 330 crore posted in the same quarter last year. The figure declined by 21 per cent versus Rs 798 crore reported at the end of March 2021 quarter. It also reported Rs 3,635 crore in consolidated operational revenues, which was 46 per cent more than Rs 2,487 crore in the corresponding quarter of 2020-21 .READ MORE

8:50 AM

JM Financial, PFC: Stock picks by Osho Krishan of Anand Rathi

BUY JM FINANCIAL LTD | TARGET: Rs 109 | STOP LOSS: Rs 96

 

JM FINANCIAL has re-tested the breakout zone of the recently made ‘cup & Handle’ pattern on the daily chart that even coincides with the lower band of the Bollinger. The stock price has seen strong support and has bounced from the lower band suggesting a strong support zone near the previous breakout zone. On the oscillator front, 14 period RSI has seen reversal on the higher side indicating strength in the counter from a short-term perspective. READ MORE

8:48 AM

Markets moving away from key moving averages; book profits: Sameet Chavan

Although, the upward trend has just resumed after a long consolidation, we would advise short-term traders to start lightening up positions if Nifty reaches the mentioned levels in coming days. Because prices have now started moving far away from some key moving averages on the Quarterly time frame charts. We are not at all advising to go against the current trend; but at least taking some money off the table on existing positions is always a good ploy. READ MORE

8:43 AM

Rupee check

8:40 AM

Oil check

8:38 AM

SGX Nifty alert

>> At 8:38 AM, the index was down 11 points at 16,261

8:37 AM

Wall Street on Monday

US stocks dropped from record highs amid concerns about pullback in stimulus and a resurgence in the fast-spreading delta virus variant. The Dow Jones Industrial Average fell 0.3 per cent and the S&P 500 lost 0.09 per cent. The Nasdaq Composite added 0.16 per cent.

 

8:35 AM

Asian markets check

Topix index rose 1 per cent, Australia’s S&P/ASX 200 and Hang Seng Index added 0.2 per cent each. Meanwhile, Kospi index fell 0.6 per cent.

8:26 AM

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