Markets

Markets

June 29, 2022 05:17 pm

Stocks

Sensex ends 150 points lower amid volatility, Nifty below 15,800

IIFL Wealth Management appoints Nikunj Kedia as Head of Products

Stocks that will see action today (June 29)

Commodities

G7 move to impose price cap on Russian oil drives up crude oil

How speculators were humbled in the global cotton market last week

Quad eyes India as manufacturing hub for green hydrogen

Top Gainers/Top Losers

Gold & Silver

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

MCX gets SEBI’s nod to launch monthly gold options contract

The monthly options contract will bring down cost of trading as investors incur less carrying cost.

Today's Pick

Tata Chemicals (₹872.65): SELL

The stock faces strong resistance at around ₹930 level

Hindustan Petroleum Corporation Ltd (HPCL) (₹213.8): SELL

Book profits at ₹197

Gujarat Gas (₹447.95): SELL

Accumulate shorts on a rise at ₹465

Vedanta (₹302.85): SELL

Book profits at ₹272

Glenmark Pharmaceuticals (₹395.4): Sell

Traders can go short on the stock at the current price level

LIC Housing Finance (₹358.5): SELL

Traders can go short at current levels

Other

Stocks that will see action today (June 28)

Buzzing stocks: Cipla, Bank of Baroda, Manappuram Fin, Star Health, Paras Defence, Nova Iron, Brigade Enterprises, Sterling Tools, Indian Card Clothin

Asia stocks edge down after Wall Street falls; oil rises

China's blue-chip CSI300 index was 0.4 per cent lower in early trade, while Hong Kong's Hang Seng index opened down 0.36 per cent

Market to open on cautious note

Risk-on trade likely to continue, fear of rate hike persists, say analysts

Govt receives 38 bids for commercial coal mine auction

The online bids received for the coal mines will be opened on Tuesday (June 28).

The rupee’s decline — need to curb volatility of capital flows

The rupee has been declining continuously in the last three years. This has added to the inflationary pressures in the economy

USFDA audit: SEBI warns Aurobindo Pharma on non-compliance with disclosure norms

Warning letters of the USFDA were not taken ‘seriously’ by the drug maker, says SEBI

Broker's Call: Bajaj Consumer (Buy)

Centrum Broking

Rupee ends almost flat at 78.34 against US dollar

Strong crude oil price and foreign outflows exert pressure on rupee

Broker's call: Manappuram Fin (Buy)

Prabhudas Lilladher

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

Zomato-Blinkit deal: Quick commerce and late profits

The acquisition does not turn the tables for now

Relooking at MF nomination after SEBI’s latest guidelines

From August 1, AMCs will provide those putting in fresh money in MFs with the choice of either providing nomination for their investments, or opt out

Simply Put: Reverse wealth effect

Central banks use this tool to cool the economy when inflation is red hot globally tweak policies to stimulate economy during times of high inflation

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