Markets

Markets

July 2, 2022 10:06 am

Stocks

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

Sensex falls 111 points; RIL tumbles over 7 per cent

Jewellery stocks recover after initial shock

Commodities

Recession fears may spook base metals

Brent crude falls below $110 a barrel on recession fears

US petroleum product consumption data impacts crude oil futures

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

Turmeric arrival down at Erode

PICK OF THE WEEK Short-term outlook is bullish for MCX copper

TN sugar output seen up a tad, but still at historic low

Cocoa output up 46% but meets only a-fourth of the demand

Twinstar, Mavi Ind settle BSE dues

Muthoot Fin mops up ₹3,000 cr via NCDs

Day Trading Guide For April 11

Manappuram Finance (₹122.7)

What to Watch Best Steel Logistics: Open offer at ₹120/share

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

Matrimony.com buyback: Should you say Yes or No?

While there may be more steam left in terms of growth opportunities, given the premium valuation the buyback is offering, existing investors can tende

Weekly rupee view: Rupee at new low versus dollar

Fall may extend possibly dragging INR to 79 soon

Zomato-Blinkit deal: Quick commerce and late profits

The acquisition does not turn the tables for now

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