Sensex sheds 355 pts; Nifty below 15,650; smallcaps bleed

In the global markets, mainstream indices in Japan, South Korea. and Australia declined in the range of 0.35 to 0.96 per cent

8:45 AM

Top factors that could guide markets today

Apart from global cues, Street will react to HCL Tech's Q1 numbers in early trade with eyes on the earnings from some 30 other companies. Amid this, stock-specific moves are likely to remain high and could sway market trajectory. Traders may also choose to remain on the sidelines ahead of the market holiday on Wednesday on account of Bakri-Id, resulting in lower volumes. LISTEN TO THE PODCAST HERE

8:41 AM

Top stocks to track today

HCL Technologies: The company's first-quarter numbers were propelled by cloud and digital transformation deals. Net profit for the quarter at Rs 3,214 crore was up 9.9 per cent year-on-year and 8.5 per cent sequentially. Although, it did not meet the consensus estimate of analysts tracked by Bloomberg at Rs 3,425 crore. Further, Shiv Nadar has stepped down as the managing director and board member of HCL Technologies. He will now take on the role of Chairman Emeritus and Strategic Advisor to the company's board.

 

ACC: Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021, helped by a lower base, increase in sales and cost efficiency. READ MORE

8:33 AM

Three stocks that are flashing bullish signs in a weak market

BUY HEMISPHERE PROPERTIES INDIA | TARGET: Rs 170 | STOP LOSS: Rs 148

 

There has been a gradual increase in trading volumes in the stock over the past couple of trading sessions. The stock recently witnessed a ‘sloping trend-line' breakout, affirming inherent strength. The 14 period RSI has seen positive crossover and is headed northwards. Further, recent chart structure on the Bollinger band suggests near term outburst in the channel, confrming bullish stance in the counter. READ MORE

8:26 AM

Bulk deals on the BSE as on Monday

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8:21 AM

Bulk deals on the NSE as on Monday

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8:16 AM

FIIs sold equities worth Rs 2,200 crore on Monday

8:12 AM

Rupee check

Source: Bloomberg

8:09 AM

Oil steadies after rout on rising Covid-19 cases, OPEC+ supply deal

Oil prices stabilised on Tuesday after slumping around 7% in the previous session amid a broader market retreat led by concerns about a resurgence of COVID-19 infections, which came just as producers inked a new supply deal.

 

Brent crude gained 38 cents, or 0.6%, to $69.00 a barrel by 0058 GMT. The U.S. crude contract for August delivery, which expires later on Tuesday, was up 49 cents, or 0.7%, at $66.91 a barrel. U.S. crude for September delivery was up around 1% at $66.99 a barrel. READ MORE

8:06 AM

SGX Nifty Alert

>> 8:05 AM, the index was at 15,725 levels, down 17 points.

8:03 AM

Wall Street faces worst rout since october

In overnight trade, Dow recorded its worst session since October as investors sheltered in the safety of government bonds and sold shares of companies directly affected by lockdowns.

 

The index crashed 700 points or 2.09%. S&P and the Nasdaq suffered their largest one-day percentage drop since mid-May. They ended 1.59% and 1.06% lower, respectively.

8:00 AM

Asian markets drop for second day

Equities fell in Japan, Australia and South Korea on Tuesday but the drops were orderly. Japan’s Topix index fell 1%, Australia’s S&P/ASX 200 index fell 0.9% and South Korea’s Kospi index fell lost 0.4%. S&P 500 and Nasdaq futures, meanwhile, gained 0.4% each.

7:58 AM

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