Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most

Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.

2:04 PM

Energy basket pumped up in trade; Adani Transmission rises 5%

1:52 PM

BSE 500:: Volume Shockers

Ratnamani Metals has witnessed unusually high volume of around 14,810 shares so far on the BSE as against its five-day average volume of around 1,480-odd shares. Similarly, MOIL, MCX India, Chola Financial and Gujarat Pipavav Port have also witnessed a spike in volume in trades on Thursday.

1:46 PM

European markets sink as recession concerns persist

1:45 PM

Dr Reddy's settles patent litigation with Indivior, Aquestive Therapeutics

Dr Reddy's Laboratories on Thursday said it has settled patent litigation with Indivior Inc and Aquestive Therapeutics on a medication used to treat opioid dependence or addiction. READ MORE

1:37 PM

This Rakesh Jhunjhunwala-owned stock slipped 31% in 12 trading days

Star Health quoted lower for 12th straight trading day and slipped 31 per cent to Rs 488.5 from Rs 703.35 that it had touched on June 14, 2022. READ MORE

1:28 PM

Global Check:: Dow, Nasdaq futures down over a per cent each

Source: Investing.com

1:17 PM

Expert View: Nifty needs to hold above 15,700-15,735

The Nifty opened marginally positive and inched lower thereafter. The index is seen facing some pressure at higher levels as a result of which it is unable to surpass 15,900 zone but some support is visible at the lower levels which is holding the market.

 

The index seems to be hovering in a broader range of 15,650 to 15,950. India VIX is hovering at 22 which indicates volatility likely to continue and creating discomfort for the bulls. It needs to cool down for stability and a directional move in the market.

 

Now again, a hold of its crucial support levels of 15,700-15,735 zone is very important for the move towards higher levels. Till it holds above 15,700–15,735 zone we can expect a bounce towards 15,950 and 16,000-mark; whereas a hold below this could open a downside move towards 15,555 and 15,350.

 

(Views are of Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, Motilal Oswal Financial Services Ltd.)
 

1:08 PM

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months. READ MORE

1:00 PM

JB Chemicals gets board approval to acquire Dr Reddy's 4 brands for Rs 98 cr

JB Chemicals & Pharmaceuticals on Thursday said its board has approved a proposal to acquire four paediatric brands from Dr Reddy's Laboratories for about Rs 98 crore. READ MORE

12:53 PM

Asian Markets Update:: Nikkei, Taiwan ended with steep losses

Source: Yahoo Finance

12:45 PM

ITC, Sun Pharma: 5 defensive stocks that may gain up to 25%. You own any?

Pharma stocks like Torrent Pharmaceuticals, Sun Pharmaceutical Industries, and Cipla can easily run up to 18 per cent. READ MORE

12:39 PM

US economy shrank 1.6% in first quarter: Commerce Department report

The GDP data for the first quarter marks the US economy's first contraction since the onset of the Covid-19 pandemic. READ MORE

12:30 PM

Top 5 factors that may set market direction in the second half of 2022

As equity markets complete the first half of the calendar year 2022 (CY22) with a fall of around 9 per cent, interest rate hike trajectory by global central banks coupled with the conundrum of inflation and growth will be the key factors that may decide the market’s direction going ahead, experts say. READ MORE

12:24 PM

BSE 500:: Top losers so far

Delta Corp has plunged nearly 8 per cent and was the top loser among the BSE 500 stocks so far. Amber Enterprises, Aavas Financiers, Indiabulls RealEstate and Phoenix Mills were few of the other significant losers.

12:15 PM

RateGain Travel hits all-time low; plunges 43% from IPO issue price

Shares of RateGain Travel Technologies (RTTL) hit an all-time low of Rs 240.25, slipping 3 per cent on the BSE in Thursday’s intra-day trade. The stock has fallen 9 per cent in the past two days on concerns of weak earnings in the June quarter (Q1FY23). READ MORE