Thursday, December 26, 2024 | 01:17 AM ISTEN Hindi

HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge

CLOSING BELL: This was the first gain for benchmark indices in seven days

SI Reporter New Delhi

8:57 AM

US Fed rate hikes may prompt further outflows from domestic market

In terms of implications for India, the rate hikes could prompt further outflow of funds from the domestic capital markets.

Since its January 2022 policy, when the Fed signalled a rate hike and moves towards shrinking its balance sheet, the net outflows from the domestic capital markets amounted to over $ 26 billion.

Increased outflows coupled with the widening trade deficit could further pressure the Rupee.

The Indian rupee is expected to move towards the Rs 78.25- 79/USD in the coming one-two months.

Source: Edelweiss Wealth Research report

8:53 AM

Will Nifty sustain 15,000 levels, QSRs underperform, and more

According to analysts, short-term support for the Nifty on the downside is around the 14,800-15,000 zone. Read full story

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

8:51 AM

Top stocks on radar today: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

eMudhra: The recently listed company has reported a strong 62.2 per cent surge in profit for the financial year ended March 2022 at Rs 41.14 crore when compared with Rs 25.36 crore in FY21. Total income was up 38.7 per cent at Rs 183.74 crore from Rs 132.45 crore.

Vodafone Idea (Voda Idea): The company’s board is scheduled to meet on June 22 to consider a proposal to raise up to Rs 500 crore by way of issue of equity shares or convertible warrants on preferential basis to one or more entities of Vodafone Group.

REC: The company has scheduled its board meet on June 30 to consider a proposal for bonus issue of equity shares. Read here

markets, indian markets, bse, nse, share markets, stock markets

8:48 AM

DIIs provide support: Buy shares worth Rs 6,087 crores Friday

8:46 AM

FIIs continue outflows: Sell a massive Rs 7,818.6 crores of shares Friday

And the March outflows were the most severe since March 2020 after the pandemic hit the world.

8:43 AM

Cost turbulence, rising competition may put pressure on airline stocks

Price hikes may plague demand, robust passenger traffic notwithstanding. Read more

8:41 AM

BS Q&A: Good chance that foreign money returns around Diwali, says Rahul Arora

The biggest silver lining is that the markets always climb the wall of worry and find ways to make new highs, said Arora, chief executive officer for institutional equities at Nirmal Bang. Read more