Sensex ends 152 pts lower ahead of US Fed decision; Nifty dips below 15,700

CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each

12:08 PM

Broader Market Update:: Auto, Capital Goods indices among top performers

The BSE Auto index has rallied over a per cent. The BSE Industrials, Consumer Discretionary Goods & Services and Capital Goods were the other top performing indices on the BSE so far.

12:02 PM

5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid

While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts. READ MORE

11:53 AM

Bounty for tractor makers as farmers benefit from open-market sale of wheat

Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter. READ MORE

11:46 AM

BSE 500:: Top losers so far

PTC India has slipped 4 per cent in trades so far and was the top loser among the BSE 500 stocks. Tata Chemicals, Swan Energy, Macrotech Developers and Tata Steel were few of the other notable losers, down over 3 per cent each.

11:37 AM

BSE 500:: Top gainers so far

Jamna Auto has jumped over 5 per cent and was the top gainer among the BSE 500 stocks. Affle India, Fine Organic, Indraprastha Gas and APL Apollo Tubes were some of the other notable gainers so far on Wednesday.

11:29 AM

Govt to auction 5G spectrum for 20 yrs; allows private captive networks

The government will auction a total of 72097.85 MHz of spectrum with a validity of 20 years by July-end, said an official statement. Read here

11:20 AM

Apar Industries hits new high; zooms 53% in 3 weeks on strong Q4 results

The stock hit a record high of Rs 935, surging 8 per cent on the BSE in Wednesday's intra-day trade. Read more

11:12 AM

Faulty invoices force scrutiny; govt delays PLI sops for smartphone makers

The invoices submitted by Samsung Electronics had some issues, which has led to deeper scrutiny by the govt and delayed the release of sops. Read more

10:59 AM

CRYPTO TECH VIEW: Bitcoin at key support level of 200-WMA

The BTC price hovered around the 22K region after a tumultuous last couple of days that saw Bitcoin tumbling by more than 20% and the Dollar Index(DXY) rising to 106.

The daily trend for the BTC has now formed a descending channel pattern after breaking its previous support.

The next key support for Bitcoin is expected at $19,000. Interestingly, the BTC trend has reached a key support level at the 200 week Moving Average curve.

Historically, this has happened only 3 times previously and the markets have began an uptrend after this event with a few weeks of consolidation.

 

Ethereum against Bitcoin gained marginally in the last few days as the Bitcoin’s Dominance index crashed to nearly 45% from a previous high of 48%.

The daily chart for ETH-BTC appears to be re-testing the support levels after breaking below the descending channel pattern. The next  support for ETH-BTC is expected at 0.038 level. 

Source: WazirX Trade Desk

10:50 AM

MARKET CHECK: BSE Smallcap jumps over 100 points

10:44 AM

China's factories perk up, but weak consumption show slow economic recovery

China's economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak. READ HERE

10:36 AM

Paper stocks on a roll; Orient Paper up 2%

10:25 AM

Near-term pain to hit paint, cement stks; long-term outlook robust: Experts

Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges. READ HERE

10:20 AM

GR Infraprojects hits all-time low, stock down 18% in 3 days amid CBI raids

No major negative disclosure from the CBI raid will be key triggers for future price performance, according to analysts at ICICI Securities. READ HERE

10:13 AM

Paint stocks abuzz as Brent Crude spikes $121 a barrel