Sensex adds 462 pts; Nifty tad below 15,700; auto, banks gain; IT slips

CLOSING BELL: Auto, banking, and FMCG stocks took the centre stage today as easing commodity prices eased input cost and credit off-take pressures

11:43 AM

Strong order book, high attrition: What Accenture's Q3 means for Indian IT

Strong outlook and robust bookings for Accenture reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist. READ MORE

11:35 AM

Humble rice bran becomes hot commodity as India scours for edible oils

Rice bran prices have jumped to 30,000 rupees to 36,000 rupees per tonne compared with paddy prices of around 19,000 rupees, which is milled for rice extraction. Read here

11:27 AM

SMS Lifescience receives EIR from US FDA for plant inspection

Establishment inspection report (EIR) from US FDA means successful completion of the inspection without any observations. 

11:15 AM

Inflation likely to exceed top of RBI band until December: Shaktikanta Das

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article. Read here

11:09 AM

After govt clarity on TDS, will it be smooth sailing for crypto in India?

Recently the govt had announced to impose 1% TDS crypto assets. As the TDS regime is slated to come into effect from July 1, will it be smooth sailing for domestic crypto exchanges and traders? Listen in

10:56 AM

Hero MotoCorp rallies 4%; company announces price hike from July 1

The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices. Read here

10:41 AM

Global update: Germany may have to shut down some industries due to gas deficit

10:30 AM

ALERT: Toyota, Maruti Suzuki to start production of new SUV model from August

Toyota and Maruti Suzuki to start production of a new SUV model from August.

Both companies will market the product under their respective brands, says a CNBC-TV18 report

10:21 AM

Rupee recovers from record low, opens 12 paise up at 78.20 against dollar

Recovering from its record low, the rupee opened 12 paise up at 78.20 against the US dollar on Friday, tracking a pullback in crude oil prices. Read here

10:12 AM

CRYPTO VIEW: Large investors making most of the bear market

Bitcoin gained over 5% last day to edge above the $21K level. Large investors continued to make most of this bear market with Giga-whales(entities with over 100,000 Bitcoins) accumulating an additional 16% of BTC.

The hourly trend for Bitcoin continues to move within the newly formed ascending channel pattern.

An immediate resistance is expected at the $32,300 level and a key is expected at $14,000. 

 

Ethereum rallied by over 9% yesterday to bounce back above the $1,100 level.

ETH against Bitcoin also gained over 2% in the last as Bitcoin’s Dominance index dropped below the 44% level.

The daily chart for ETH-BTC is traversing within an ascending triangle pattern. The next key support for ETH-BTC is expected at 0.046 level and next resistance is expected at 0.076. 

Views by WazirX Trade Desk   

 

10:02 AM

Route Mobile rebounds 23% from 18-month low as board mulls buyback plan

The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company. Read here

9:52 AM

MARKET COMMENT :: 'The whipsaw in markets reflects uncertainty'

>> Leading indicators such as PMI and retail sales in Europe and US indicate economic slowdown. Most central banks of the world are hiking rates in this slowdown.

>> Therefore, the slowdown will continue and may aggravate pushing the US economy into recession. Since the market knows this, equities are in oversold territory, triggering short-term upmoves.

>> The whipsaw movement in Nifty yesterday reflects this uncertainty, confusion and lack of direction.

Views by: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

 

9:43 AM

DCM Shriram rises 2% as company decides to invest in renewable energy project

>> The company said that the board has approved to invest up to Rs 65 crore for minimum 26 percent equity stake in an SPV which will be created for setting up a wind-solar hybrid renewable power project.

9:40 AM

Century Plyboards adds over 1.5% on Rs 21-cr investment

>> The company has made further investments of Rs 20.95 crore in its wholly owned Century Panels by subscribing to 2.09 crore shares through a rights issue.

9:38 AM

HUL chairman agrees to further price hikes; stock top gainer within FMCG pack

>> HUL will continue to increase prices of its products as inflation remains high even as market growths have moderated and volume growth has declined, Nitin Paranjpe, chairman of the company, told shareholders at its 89th annual general meeting (AGM) on Thursday.