Markets

Markets

July 3, 2022 10:24 pm

Stocks

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

Multi-cap funds beat market volatility, deliver better returns

India’s equity valuation froth has settled, says Credit Suisse Wealth Management

Commodities

Windfall tax on upstream firms to end when super profits stop: Tarun Bajaj

Hind Zinc output up 14 pc in Q1

Steel exports continue decline, down 42% in May

Top Gainers/Top Losers

Gold & Silver

Govt hikes gold import duty to 15% to check rising imports

The duty changes came into effect from June 30

Sovereign Gold Bonds saw maximum traction in Covid-hit years

The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday

MCX empanels 4 refiners for gold mini delivery

Empanels Titan Company, Kundan Care Products, Augmont Enterprises and M D Overseas to make domestically their refined BIS Standard Gold and Silver for

FinMin issues draft SoP for e-commerce jewellery exports through courier route

The new rules stipulate that jewellery export through courier mode is permitted only after receipt of full advance and photos of the export jewellery

Gold prices in check as central banks rev up policy tightening

JP Morgan expects gold trading softer towards $1,800/oz in Q3

India’s May gold imports surge 677% to $5.83 billion

Demand for gold was improved last month due to wedding season

Today's Pick

GSFC (₹131.95): SELL

BL Research Bureau

Ashok Leyland (₹146.6): BUY

Book profits at ₹156

Mahindra CIE Automative (₹242.15): BUY

Book profits at ₹300

Bharat Dynamics (₹726.85): SELL

Book profits at ₹665

Bandhan Bank (₹278): SELL

Book profits at ₹245

Today’s Pick: Tata Steel (₹838.1): Sell

The price action hints at further depreciation in the coming days

Other

Mcap: Three of top 10 firms lose ₹73,630 crore

Market valuation of Reliance Industries Ltd (RIL) declined by ₹62,100.95 crore to reach ₹16,29,684.50 crore

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

With cheap equity valuations, now is the right time to launch the ‘Focused Equity Fund’, says CIO Trideep Bhattacharya

HDFC, HDFC Bank receive observation letters from BSE, NSE for proposed merger

No adverse observations from BSE, no objection from NSE

FPIs withdraw ₹50,203 crore from equity market in June

FPI exodus continues for 9th month

Multi-cap funds beat market volatility, deliver better returns

Specified exposure of 25% each in large-, mid- and small-cap stocks helps it to diversify, withstand market jitters

Tea prices gain at Cochin auctions on export demand

Average price realisation up by ₹7 a kg

India’s equity valuation froth has settled, says Credit Suisse Wealth Management

Currently we are staying neutral on India, says CS’s wealth management chief Ghoil

Jewellery stocks recover after initial shock

Analysts expect companies to see short-term benefit on inventory

Sensex falls 111 points; RIL tumbles over 7 per cent

RIL stock nosedived following windfall tax on petrol, diesel exports

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How ‘shopoholic’ UPL adds muscle with takeovers

Homegrown agrochem MNC UPL believes in collaborations to drive growth and revenue

Birla-Adani in cement slugfest to be top player

With housing and roads expected see a boom, cement makers will be jockeying for the top slot

Uday Shankar: In the reckoning again

Former Star chief is back in the game with IPL digital bid

How ethanol push puts sugar stocks in a sweet spot

Ethanol blending brightens prospects and brings in possibility of re-rating, given the higher profitability of the distillery segment

Index Outlook: Not much room to rise in Sensex, Nifty 50

Key resistances ahead can cap the upside and keep the broader downtrend intact

What’s new in our Star Track MF Ratings

Presenting refreshed mutual fund ratings from this week with key value additions

Auroville: An utopian search for a better world

Akash Kapur’s ‘Better to Have Gone’ traces what happens when we believe deeply in a quest and give up everything in its pursuit

Lady doctors and the rocky path to healing

A handbook on India’s first women doctors holds up a mirror to the social and political realities of the 19th and early 20th century

Conquering Everest: A compelling account of how an impossible dream was achieved

Jim Davidson dwells in detail on the failure to make it in the first attempt and the harrowing return to physically and emotionally draining climb up