Monday, December 23, 2024 | 07:18 AM ISTEN Hindi

Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts

CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points

SI Reporter New Delhi

MARKET LIVE: Sensex down 600 pts, Nifty tests 16,400; RIL, Airtel off lows

9:06 AM

Pre-open session: Nifty50 sinks below 16,400 levels

9:02 AM

Currency at open: Rupee 9 paise weaker; opens at 77.72/$

9:01 AM

Top stocks on investor watch today: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group

Banks: The yield on the 10-year bonds hit a three-year high at 7.5 per cent on Monday, ahead of the RBI’s monetary policy meet outcome on Wednesday. The market is expecting a 50 bps hike in the repo rate to 4.9 per cent, while a section of the market is also seeing further liquidity tightening measures with a hike in banks’ cash reserve ratio (CRR) requirement.

NBFCs: With a strong demand in real estate coupled with a clean-up underway in the sector and tight underwriting standards, non-banking finance companies – the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance are looking to step- up funding for projects and developers. Read more

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

8:58 AM

Bond yields on the rise: US 10-yr treasury yield rises above 3% Monday

8:54 AM

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%

The crypto market could also get a boost from US consumer-price data later this week. Read more

8:50 AM

ALERT: Zydus Lifesciences receives US FDA nod for acne gel

Zydus Lifesciences (formerly known as Cadila Healthcare) has received final approval from the US FDA to market Adapalene and Benzoyl Peroxide Topical Gel.

8:45 AM

Here's why Mehul Kothari is bullish on Maruti Suzuki, NOCIL

According to the technical analyst from Anand Rathi, Maruti is witnessing a formation of double bottom near Rs 7,600 mark, while NOCIL has seen a breakout above Rs 265 level. Read here

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

8:43 AM

WATCH BS SPECIAL: Why are analysts dumping diagnostics for multiplexes despite rising Covid-19 cases?

Soon after the news of rising Covid-cases in parts of India, diagnostic and multiplex stocks moved in opposite directions on Monday. Find out analysts’ views on the two sectors and if should you worry. WATCH

8:40 AM

CRYPTO VIEW: Sentiment among investors seen positive after long haul

After 9 consecutive weeks of low performance, BTC began the week on an optimistic note. It was up 1.9% over the past 24 hours, trading near the $30,000 level.

Another optimistic indicator was the exchange outflow volume: BTC leaving exchange platforms shot up.

Investors tend to move their coins from exchanges with the intention of holding long-term. This reduces selling pressure; this metric revealed rising positive sentiment among investors.

Views by Darshan Bathija, Co-Founder & CEO, Vauld

8:37 AM