Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying

CLOSING BELL, JUNE 7, 2023: The frontline indices ended at 6-month highs

8:36 AM

Gold price rises Rs 320 to Rs 60,650; silver up Rs 500 at Rs 73,500

Gold price rose Rs 320 in Wednesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,650, according to the GoodReturns website. READ MORE

8:31 AM

WATCH VIDEO | How does Jonathan Garner view the global equity landscape?

8:26 AM

Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts

The breadth of the market is bullish as more than 67 per cent of the stocks are trading above their 200 DMA, says Vinay Rajani of HDFC Securities. READ MORE

8:23 AM

RBI expected to pause again with markets watching for shift in stance

All 40 economists in a Bloomberg survey forecast the Indian central bank will keep the repurchase rate unchanged at 6.50% on Thursday, signaling that inflation could cool further in the months ahead. READ MORE

8:21 AM

Adani stocks still reeling from losses inflicted by Hindenburg report

While two of Adani's 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. READ MORE

8:17 AM

Book profits in Nifty FMCG and await clear direction in Nifty Metal index

Nifty FMCG is in the overbought zone, indicating that it is expected to trade sideways or experience a timewise or a pricewise correction, says Ravi Nathani. READ MORE

8:13 AM

DIIs offloaded equities worth Rs 489 crore on Tuesday, June 2

8:11 AM

FIIs bought equities worth Rs 385 crore on Tuesday, June 6

8:06 AM

SGX Nifty flat amidst mixed global cues

8:00 AM

All eyes on Chinese trade data for May; experts peg exports to decline MoM

>> According to a Reuters poll, China’s exports are expected to plunge from growth of 8.5 per cent in April to a decline of 0.4 per cent in May.

7:54 AM

Hang Seng index rises over 1% this morning

7:50 AM

World Bank offers dim outlook for global economy on higher interest rates

That's the latest outlook of the World Bank, a 189-country anti-poverty agency, which estimates that the international economy will expand just 2.1% in 2023 after growing 3.1% in 2022. READ MORE

7:44 AM

Coinbase Inc nosedives 12% after US SEC sues exchange for violating securities law

7:37 AM

Saudi Arabia is slashing oil supply, higher gas prices for US drivers

Calling the reduction a lollipop, Saudi Energy Minister Abdulaziz bin Salman said at a news conference that we wanted to ice the cake. READ MORE

7:35 AM

Price of Brent Crude, WTI Crude flat; Brent at $76/bbl

source: oilprice.com