ITC, HUL, ICICI Bank help lift Sensex 327 pts; Nifty tops 15800; metals dip

CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent

10:47 AM

Crypto view: Bitcoin next key support likely at $14,000

Bitcoin dropped by over 8% in the week that went by, languishing around the $19,000 level. The overall market sentiment has improved marginally, but still remains in the “extreme fear” zone. Interestingly, on-chain data suggests that whales with over 1000 BTC are heavily accumulating the token despite the negative sentiment surrounding it. The daily trend for BTC is traversing within a descending channel pattern. The next key support is expected at $14,000. The daily RSI is a tad below the 30 level, reeling in the oversold zone.

Views expressed by WazirX

10:41 AM

Rupee depreciates 9 paise to 79.03 against dollar in early trade

The rupee depreciated 9 paise to 79.03 against the dollar in opening trade on Monday, as persistent foreign funds outflows weighed on investor sentiments. READ MORE

10:29 AM

FMCG stocks trade firm in a weak market

10:20 AM

ONGC, Oil India extend fall, tank up to 20% in 2 days on windfall tax

Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively. READ MORE

10:15 AM

DGCA seeks clarification from IndiGo on flight delay; shares fall 4%

According to a Business Standard report the staff went for job interviews but reported sick at the last moment. READ MORE

10:10 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Market movements this month are likely to be significantly influenced by the Q1 results starting with TCS's results on 8th July. More than the actual numbers, the market will be focussed on the guidance. Similarly, in financials particularly banking, the market will be keen to know the trends in credit growth rather than the decline in treasury income, which is already known.
 

>> The buoyancy in GST collections and June auto numbers indicate that economic recovery is gaining momentum, in spite of many headwinds, and this bodes well for the market's performance in H2 FY23.
 

>> In the present context of high near-term uncertainty, the best strategy for investors would be to buy high-quality large-caps in a calibrated manner and wait with patience.

10:04 AM

AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022. READ MORE

9:55 AM

MCX Gold futures can rally to Rs 53,150; Silver likely to decline further

Gold futures are likely to trade with a bullish bias as long as they hold above Rs 51,535 in the entire month of July; Silver futures could decline towards Rs 53,850. READ HERE

9:53 AM

IndiGo slips over 2% as DCGA seeks explanation on flight delays

 

9:46 AM

Muthoot Finance up 2% after RBI grants opening of 150 new branches

9:37 AM

Birlasoft rises 1% after board approves Rs 390 crore buyback

9:31 AM

Indigo drops 3% after flights delayed due to crew shortage

9:28 AM

Broader markets resilient; India Vix climbs 2%

9:26 AM

ONGC, Hindalco, Tata Steel top Nifty50 laggards

9:25 AM

IndusInd Bank, HUL, ITC top Nifty50 leaders