Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

9:08 AM

PRE-OPEN SESSION | Sensex trades flat at 62,958 levels

9:06 AM

PRE-OPEN SESSION | Nifty50 trades above 18,700 levels

9:04 AM

Rupee opens at 81.98/$ as against previous close of 82.21/$

8:59 AM

India's m-cap touches new high amid sharp rally in broader markets

The sharp rally in the broader markets has propelled India’s market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. READ

8:54 AM

WATCH: Can Indian markets stay immune to US Fed's hawkish pause?

8:49 AM

Biggest fund manager in India expects rupee to end its five-year slide

The currency will probably strengthen to 80 per dollar by the end of the year, according to Namrata Mittal, chief economist at SBI Mutual Fund. READ

8:44 AM

Sebi notifies disclosure rules; asks cos to confirm or deny market rumour

To strengthen the corporate governance at listed entities, Sebi came out with a framework to address the issue of certain shareholders enjoying special rights perpetually. READ

8:39 AM

DIIs sell Rs 298 crore of shares Thursday

8:35 AM

FIIs buy Rs 3,086 crore of shares Thursday

8:30 AM

Reliance in talks with lenders for $2 billion loan to fuel expansion

Reliance Industries Ltd. is in talks with lenders for a foreign-currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecoms business, said a report by Bloomberg. READ HERE

8:24 AM

Stocks to Watch today, June 16: IKIO, RIL, Hero Moto, IndiGo, Glenmark, UTI

Hero MotoCorp: The Ministry of Corporate Affairs has ordered an investigation to assess the two-wheeler major’s relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday. READ

8:19 AM

ALERT :: Bank of Japan keeps interest rates unchanged

>> Rates maintained at -0.1 per cent

>> Maintains 10-Year JGB Yield target around 0 per cent.

>> Maintains band around 10-Year JGB Yield target at up and down 0.5 per cnt each

>> Inflation easing, consumption picking up in the economy

>> However, uncertainty remains around economic growth

8:10 AM

F&O Strategy for Biocon: HDFC Securities recommends a Bull Spread

The stock price of Biocon has broken out on the daily chart with higher volumes where it closed at highest level since June 7, 2023. READ

8:03 AM

These two NSE indices look bullish on charts amid market volatility

Considering the bullish trend in the Nifty Energy Index, the recommended trading strategy would be to buy on dips. READ

7:56 AM

Brent Crude at $75 a bbl with slim cuts