Markets

Markets

June 29, 2022 06:48 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

Nifty call: Short Nifty at 15,670 as it faces stiff resistance at 15,750

Supports are at 15,500 and 15,350; resistances 15,750 and 15,800

Sacked fund manager of Axis MF moves Bombay High Court

Viresh Joshi claims ₹54 crore for “unlawful” termination of service to report his seniors last June

Rupee recovers from record low, opens 12 paise up at 78.20 versus US dollar

The rupee on Thursday had closed at its all-time low of 78.32

Crude oil futures trade lower on slowdown in US economy

‘Flash US PMI Composite Output Index’ drops to a five-month low

Sensex, Nifty rise nearly 1 per cent early

The rally was led by banking stocks; ONGC climbs nearly 5 per cent

GST council to consider making e-way bill mandatory for gold, precious stones

The Council will hold its meeting on June 28-29

Stocks that will see action on June 24, 2022

Buzzing stocks: Zomato, ONGC, Greaves Cotton, Hero MotoCorp, Century Plyboards, Thermax, Route Mobile, Jai Balaji Ind

Firm global markets indicate pullback rally to continue

Unabated foreign portfolio investors,FPI selling a major cause for concern, say analysts

Investment in global coal supply chain to hit $115 bn in 2022, led by China and India

At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.

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