Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%

CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent

11:13 AM

Q&A | Didn't want to quit when the scorecard was weak: HDFC AMC's Prashant Jain

In an interview with Samie Modak, the storied CIO of HDFC Asset Management Company, Prashant Jain, explains the rationale behind quitting now and his future plans. Read here

11:02 AM

Global update: Asian markets continue to hold losses

source: finance.yahoo.com

10:50 AM

BEL firmly in green on the back of Rs 250 crores order win

 

10:41 AM

ICICI Bank stock may soon command premium over HDFC Bank, say analysts

Motilal Oswal Financial Services opines that ICICI Bank's valuation will expand to its "deserving multiple, thus generating supernormal returns for investors". Read here

10:34 AM

Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends

That apart, according to ReutersDomino's Pizza India franchise to consider taking some of its business away from popular food delivery apps, Zomato and Swiggy, if their commissions rise further. Read more

10:25 AM

At this hour: Tata Steel top Sensex winner ahead of Q1 results

10:18 AM

Gail India gains 2%; co to consider dividend payout on July 27

 

10:08 AM

Key levels: Gold needs to sustain above Rs 50,700; Silver above Rs 54,100

The MCX Gold futures seem to be taking support around the 200-DMA, on the upside sustained trade above the 20-DMA at Rs 50,700 can trigger a fresh rally. Read more 

10:00 AM

Reliance Industries falls 4% on lower than expected June quarter profit

Results were below estimates on account of lower than expected oil-to-chemical (O2C) profitability, analysts said. Read more

9:54 AM

CRYPTO VIEW: Next resistance for Bitcoin at $32,300

Bitcoin remained steady around the $23,000 level with a minor dip in prices in the last couple of days, as sellers dominated the market.

On the 4-hourly time-frame, the BTC trend has broken out of the ascending channel pattern and is now retesting the resistance levels of the pattern.

The next key resistance level for BTC is expected at $32,300. We could expect a price movement towards the $25,000 level in the coming days.

 

Ethereum continued to maintain a strong position above the $1,550 level.

ETH against Bitcoin has been on an overall uptrend since the past week or so with Bitcoin’s dominance index dipping below the 43% level.

The weekly chart for ETH-BTC continues to traverse within a descending triangle pattern and is on the verge of a breakout. The next  key resistance for ETH-BTCis expected at 0.076.

Source: WazirX Trade Desk   

 

9:48 AM

YES Bank drops 3% as net profit slips 15.5% QoQ in Q1

9:44 AM

ICICI Bank rises 1% after net profit jumps nearly 50% YoY in Q1

9:37 AM

RIL slips 3% after Q1 fell short of street estimates

9:32 AM

RIL, ONGC, Ultratech Cement top Nifty50 losers

9:27 AM

Apollo Hospitals, ICICI Bank, UPL top Nifty50 leaders