Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit

CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards

12:19 PM

S&P BSE Sensex slips into red, down over 400 points from day's high

12:10 PM

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said that it continues to witness encouraging trends via their online channels and remain confident of their long term sustainable and profitable growth ahead. READ MORE

12:04 PM

ALERT :: WPI Inflation eases to 15.18% in June from 15.88% MoM

11:55 AM

BSE 500:: Top losers so far

Redington India has shed 6.5 per cent and was the major loser among the BSE 500 stocks so far. It was followed by Birlasoft, Brightcom Group, Adani Green and Vakrangee on Thursday.

11:49 AM

BSE 500:: Top gainers so far

Mahindra CIE has surged 5 per cent and was the top gainer among the BSE 500 stocks so far on Thursday. Hindustan Zinc, Schaeffler India, Kalyan Jewellers and Strides Pharma were few of the other major gainers.

11:40 AM

As Adani prepares to bid for 5G, should Mukesh Ambani prepare for battle?

Six years, ago it was another tycoon — Mukesh Ambani — who disrupted India’s wireless market with cheap data and free calls. He’s now the market leader with 410 million subscribers. To core telco revenue, add services like digital advertising, e-health and mobile education, where big rewards are still some years away. READ MORE

11:32 AM

WATCH | From IIP to inflation: Here’s a status check on the Indian economy

A significant jump in IIP growth indicates economic recovery. Also, is the recovery sustainable given the raging inflation and adverse global geopolitical conditions? Watch

11:23 AM

Labour pain for pvt domestic airlines as staff threaten mass leave over pay

Failure to reinstate salaries after two years of drastic cuts has had the Indian airline industry facing one of its largest industrial relation crises. Read more

11:14 AM

Paytm hits over three-month high, stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex. Read here

11:03 AM

Bank of Canada hikes rates by 100 bps Wed, first in G7 countries

The magnitude of the hike took market and economists by surprise.

10:56 AM

Singapore further tightens monetary policy, rises mid-point of its dollar

The Monetary Authority of Singapore (MAS) further tightened its policy stand by raising the mid-point of the Singapore dollar Nominal Effective Exchange Rate policy band to its prevailing level. Read here

10:48 AM

CRYPTO VIEW: Weekly chart for Bitcoin on a downward trend

Bitcoin continued its sideways movement, trading just above the $20,000 level as the bearish sentiment continues to prevail through the crypto markets.

The weekly chart for BTC is on a downward trend, traversing within a descending triangle pattern.

The weekly RSI continues to remain in the oversold zone, reeling under 30. An immediate support for Bitcoin is expected at $17,700. 

 

Ethereum gained nearly 7% yesterday after closing in red for 5 consecutive days. On the 12-hourly time-frame, the trend for Ethereum has formed an ascending channel pattern.

The daily RSI edged above 40 level indicating a buying momentum. The next key resistance for Ethereum is expected at &1,280 and an immediate support is expected at $890

Source: WazirX Trade Desk

10:41 AM

India's crypto exchanges flouted KYC, money laundering norms: ED

India’s top cryptocurrency (crypto) exchanges have facilitated transactions from other countries, including the US, Brazil, and Germany, on their platform without complying with know-your-customer (KYC) regulations and anti-money laundering (AML) norms as prescribed under the foreign exchange (forex) rules, reveals the Enforcement Directorate’s (ED’s) latest probe findings. READ MORE

10:30 AM

Tata Metaliks plunges 8% as Q1 net profit falls 99% YoY to Rs 1.2 crore

The Tata Group company, engaged in pig iron business, had PAT of Rs 94.72 crore in the year-ago quarter (Q1FY22). READ MORE

10:21 AM

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further. READ MORE