Markets

Markets

July 5, 2022 10:09 am

Stocks

Markets to open higher tracking global cues

Stocks that will see action on July 5, 2022

Asian markets rise on talk Biden to roll back some China tariffs

Commodities

Copper testing key support band

Bringing fuel under GST will take more time: Revenue Secretary Tarun Bajaj

Brent crude falls below $110 a barrel on recession fears

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

Rupee falls to record low of 78.77

Strong dollar, rising crude prices and FPI outflows triggered the bearish sentiment

Mahindra CIE Automative (₹242.15): BUY

Book profits at ₹300

Weekly rupee view: Rupee at new low versus dollar

Fall may extend possibly dragging INR to 79 soon

Rupee tanks 48 paise to close at record low of 78.85 against US dollar

Weak domestic equities and a surge in crude oil prices trigger negative sentiment

Allied Blenders and Distillers plans to raise ₹2,000 crore through IPO

As per the DRHP, the maker of Officer’s Choice whisky plans a fresh issue and OFS of ₹1,000 crore each

Steep fall in pellet prices likely on oversupply, weak demand

Exports have turned unviable after the fresh levy of 45 per cent on exports

Sensex, Nifty end flat amid volatility

Oil & Gas, Auto, Metal gain; Consumer Durables under pressure

Sensex down 127 points intraday, Nifty below 15,900

Consumer durables, pharma, bank stocks under pressure; oil & gas, auto, metal gain

Crude oil futures head north on tight supplies

UAE says it is producing oil to near-capacity; Saudi can pump up another 150,000 barrels a day

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