Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

SI Reporter New Delhi

Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19.850; PSU banks shine

9:18 AM

OPENING BELL | Over 200 pts advance for Sensex, above 67,000-levels

9:16 AM

OPENING BELL | Nifty50 atop 19,800-mark; up over 50 pts

9:08 AM

PRE-OPEN SESSION | Sensex climbs nearly 100 points

9:07 AM

PRE-OPEN SESSION | Nifty50 inching towards 19,800-mark

9:05 AM

Rupee opens at 82.11/$ as against previous close of 82.03/$

8:58 AM

Billions in corporate debt: Wave of bankruptcies threatens global economy

A partner at Cleary Gottlieb, a top law firm for corporate bankruptcies, he’s advised businesses worldwide for decades on what to do when they’re drowning in debt. He did it through the global financial crisis, the oil bust in 2016 and Covid-19. And he’s doing it again now, in a year when big corporate bankruptcies are piling up at the second-fastest pace since 2008, eclipsed only by the early days of the pandemic. READ MORE

8:54 AM

ADB retains India's economic growth forecast at 6.4% for current fiscal

The Indian economy grew 7.2 per cent in the 2022-23 fiscal ended March 2023. "Asia and the Pacific continues to recover from the pandemic at a steady pace," ADB Chief Economist Albert Park said.

"Domestic demand and services activity are driving growth, while many economies are also benefiting from a strong recovery in tourism. However, industrial activity and exports remain weak, and the outlook for global growth and demand next year has worsened, Park added. READ MORE

8:51 AM

Stocks to watch: L&T Tech, Paytm, Rallis India

Paytm: Softbank sold 2 per cent of its shares in One97 Communications, the parent firm of Paytm. With this, the investor’s stake in Paytm has come down to less than 10 per cent. As per reports, SoftBank has sold shares worth $200 million over several weeks.

NMDC: The state-run company has fixed rates for lump ore and fines at Rs 4,950 and Rs 4,210 per tonne, respectively. The latest prices are inclusive of royalty and contributions to District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET). READ MORE

8:48 AM

IPO Update :: Last day to bid for Netweb Technologies today

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8:44 AM

Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities

On shorter time frame, the stock has broken out from the descending triangle. On longer time frame, stock price has broken out from cup and handle pattern on the weekly chart. Price rise in accompanied by jump in volumes, which confirms the bullish trend. READ MORE

8:41 AM

Nifty Metal looks weak; sell with stop loss at 6,564, suggests chart

This means that if the price closes above 6,564, it would be advisable to exit the sell position to manage the risk. For traders implementing this strategy, the support levels to consider as potential targets or areas where buying pressure may emerge are 6,200 and 6,136. These levels indicate price points where the downward trend could potentially pause or reverse, leading to a bounce in prices. READ MORE