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

Sensex, Nifty drop over 1% after pullback rally fizzles

The Nifty Metal index tumbed 4.5 per cent, with Hindustan Copper sinking 8.4 per cent

Brent crude falls to $110/barrel on fears demand will decline

US Fed plans to hike interest rates may impact economy

NSE co-location scam: Ajay Shah being probed for possessing documents under Official Secrets Act

I-T report says NSE scam accused Shah used government policy information to dabble in stocks

PVR-INOX merger gets clearance from BSE and NSE

As per the agreement, the share-swap ratio has been fixed at three shares of PVR for every ten INOX shares held

Asian markets struggle as recession fears weigh heavily

Investors continue to fret over a recession and the prospect of more rate hike

Stocks that will see action on June 22, 2022

Buzzing stocks: Hero MotoCorp, Coal India, Astral, JSW Ispat, PVR, Jain Irrigation

Markets to open weak amid cautious tones

Asia-Pacific stocks mixed; SGX Nifty rules 70 points lower

Zinc futures: Bears losing traction

Price level of ₹310 is offering good support for the contract

Sensex, Nifty gain as crude oil prices fall

Sensex gained 934 points; Nifty index closed at 15,638

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