Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%

CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent

10:41 AM

Metal stocks strongly defy market trend

10:32 AM

CRYPTO VIEW: Bitcoin remains in oversold zone

Bitcoin continued to remain in a downtrend, just a tad above $20,000 and risking a fall below that level.

Along with the stock markets, the crypto markets have also been following a downtrend.

The daily trend for the BTC has now formed a descending channel pattern. The daily RSI has dropped below 20 for the first time since over two years(Mar’20).

Bitcoin continues to remain in the oversold zone with investors considering these price levels as an opportunity to accumulate more of the token.

 

Tron(TRX), recently had plummeted to nearly $0.045 after its stablecoin USDD lost its peg against the US Dollar.

Since then the Tron DAO has injected in excess of $2 billion into the Tron reserve to maintain the USDD peg.

This proved to be fairly successful as the stablecoin recovered significantly, although not to its original $1 level.

The daily trend for TRX is retesting the support levels after breaking below the triangle pattern. An immediate support is expected at $0.045 level.

Source: WazirX Trade Desk

10:23 AM

5G services arriving soon? Rollout likely in August, says telecom secretary

The rollout of 5G services in India is likely to start in August after the auctions get concluded in July. READ HERE

 

10:16 AM

Gold, silver prices jump in early trade; yellow metal trading at Rs 51,870

Silver also witnessed a rise in the prices.1 kg of silver is trading at Rs 61,150, after a jump of Rs 1,150. Read here



 

10:10 AM

BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low

Fears of a recession in the US grew after Federal Reserve's biggest rate hike in nearly three decades, followed by Swiss National Bank raising its policy interest rate for the first time in 15 years. READ HERE

 

 

10:01 AM

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

>> The dominant theme impacting equity markets globally is the synchronised global monetary tightening and the consequent fears of economic slowdown. The probability of the US slipping into recession is much higher now. Markets are discounting these concerns. The PE of S&P 500 is now around 16, close to the long-term average. Europe is trading at around 11 times. Markets will bottom out earlier than the economy does.
 

>> In India, valuations have declined, but are even now above long-term average. So, FPIs will continue to sell, capping a relief rally which can come any time.

It is impossible to predict the market bottom.

>> Ideal Investment strategy now should be calibrated buying in high quality growth stocks. Mutual fund SIP investors can consider increasing the amount of investment.

9:57 AM

Hotel stocks take a beating as India's covid-19 count spikes

9:50 AM

Airline stocks under pressure after jet fuel prices rise 16%

9:45 AM

Tata Power abuzz on plans to buy coal worth Rs 12K crore from Indonesian miner

9:40 AM

LIC slides to new all-time low; down 32% from issue price

9:36 AM

Paint stocks edge lower in a weak market

9:33 AM

Tata Motors slips 2% as chip crisis cloud JLR sales outlook

9:30 AM

Nifty50 top laggards: Titan, Wipro, TCS

9:29 AM

Nifty50 top leaders: Coal India, Bajaj Auto, Reliance Industries

9:26 AM

Broader markets underperform benchmark; India Vix climbs 3%