Markets

Markets

July 5, 2022 10:08 pm

Stocks

Market valuations are still at a premium: BNP Paribas

Metal stocks rally on China infra push

Sensex pares intra-day gains to settle over 100 points lower

Commodities

Norwegian offshore workers’ strike boost crude oil prices

Why Mangaluru is emerging as cashew trading hub

Copper testing key support band

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

Nifty Call: Go short with a stop-loss at 10,565

Mahindra CIE Automotive gains on strong Q4 profit

Nifty IT Index hits record high

TCS spikes 6.5% to record high of Rs 3,400

Eveready hits 6-month low on battery pricing penalty

Tobacco, tech stocks drag on Wall Street; yields boost banks

P&G, Philip Morris weigh on consumer staples sector; Financials gain as bond yields rise, American Express impresses

Pound on backfoot as doubts rise on BoE rate hike in May

Asian shares hit by tech warning, oil holds near highs

Crude oil close to late-2014 highs on supply cuts, strong demand

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

Weekly Rupee view: No immediate relief for the rupee

USD/INR hitting 80 is just a matter of time

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

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