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

9:23 AM

Sectors swing between gains and loss; Metals worst hit

9:21 AM

Opening bell: 12 out of 30 Sensex stocks open positively

9:18 AM

Opening bell: Sensex sails in green, opens above 53,000 levels

9:17 AM

Opening bell: Nifty50 opens above 15,750 levels

9:08 AM

Sensex heatmap at pre-open session

9:07 AM

Pre-open session: Sensex falls over 100 points

9:06 AM

Pre-open session: Nifty50 slips below 15,650 levels

9:02 AM

CURRENCY ALERT: Rupee opens 11 paise stronger at 78.94/$

8:58 AM

Pre-open view: Markets to closely focus on corporate guidance this month

Market movements this month are likely to be significantly influenced by the Q1 results starting with TCS 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.

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

 

 

8:54 AM

Stocks to Watch Today: RIL, HDFC, Birlasoft, IndiGo, Coal India, IT shares

Stocks to Watch Today: HDFC and HDFC Bank are likely to be in focus as the stocks exchanges have approved the proposed merger for these two corporates. Read more

8:51 AM

Export duty on steel and petro products to hit corporate earnings in FY23

Metals & oil firms together saw profit of Rs 3.05 trn in FY22. Read here

8:48 AM

DIIs counter outflows: Buy shares worth Rs 1,311 crores Friday

8:44 AM

FII selloff: Sell Rs 2,325 crores of shares Friday

8:42 AM

In a first, RBI governor to write to FinMin if inflation target missed

Inflation, as measured by the consumer price index (CPI), has remained above 6 per cent, the upper limit of the tolerance band, since January this year. Read here

8:39 AM

Stocks on radar: HDFC, HDFC Bank merger proposal gets nod from exchanges

The merger, which was announced in early April, requires a series of approvals from financial sector regulators including RBI and CCI before it goes to NCLT and shareholders. Read here