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The Shriram Group has secured RBI approval for the merger of Shriram City Union Finance and Shriram Capital Ltd with Shriram Transport Finance Company in a consolidation set to create the largest retail finance NBFC in the country.
Price as on 16 Jun, 2022 10:30 AM, Click on company names for their live prices.
Glenmark Pharmaceuticals on Thursday said it has launched a novel fixed-dose combination (FDC) drug in the country for patients with uncontrolled asthma. The Mumbai-based drug major has launched – Indacaterol + Mometasone FDC under the brand name Indamet.
Price as on 16 Jun, 2022 10:29 AM, Click on company names for their live prices.
Sensex Today LIVE: Index off day’s high, up only 200 pts
JP Morgan upgrades RIL to ‘overweight’, sees 22% upside in stock
Global brokerage JP Morgan has upgraded its rating on India’s biggest company in terms of market capitalization – Reliance Industries (RIL) – from ‘neutral’ to ‘overweight.’ The broking firm has set a target price of Rs 3,170 on RIL, signalling a potential upside of 22 per cent in the counter against its previous close of Rs 2,596.30 on Wednesday. RIL is among the few large companies in India with a positive earnings revision cycle ahead, given the strong refining and gas environment, said the brokerage firm in its latest report.
India VIX eases over 5%
Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Investors may follow a cautious investment strategy without taking aggressive bets. Take a long-term view and use dips in the market to slowly accumulate fairly priced high quality stocks such as leading banks, leading IT, pharma and select autos. Increase the cash component in the portfolio to exploit any probable sudden changes in outlook and market trend.
Market LIVE Updates: Dredging Corporation bags Rs 250 crore yearly maintenance contract; stock trades 3% higher post announcement
Price as on 16 Jun, 2022 09:47 AM, Click on company names for their live prices.
Airline stocks trade mixed after jet fuel hits all-time high of Rs 1.41 lk/kL
Price as on 16 Jun, 2022 09:35 AM, Click on company names for their live prices.
Market LIVE Updates: Vi, MRPL, ONGC among most active stocks on NSE
Price as on 16 Jun, 2022 09:25 AM, Click on company names for their live prices.
All sectors trade on a positive note in early deals
Sensex Heatmap: Only 4 index stocks in the red
OPENING BELL: Sensex climbs 500 points, Nifty nears 15,850; Bajaj Finance, RIL rise 2% each
Asian shares up after Fed lifts rates to tame inflation
Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivered an aggressive rate hike and cut its growth projections.
Oil rebounds after steep drop, supported by tight supplies
Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a U.S. rate hike sparked fears of slower economic growth and less fuel demand.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 163.5 points, or 1.04 per cent, higher at 15,834, signaling that Dalal Street was headed for a positive start on Thursday.
Q4 results today
Aether Industries, Mapro Industries, APIS India, Indowind Energy, Indian Sucrose and Setco Automotive are among companies which will announce their quarterly earnings today.
Tech View: 15,670 level remains key support
Nifty50 on Wednesday fell for the fourth straight day. This formed a small bearish candle on the daily chart, with a long upper wick, reflecting selling at highs. Analysts said the index has been respecting its support of 15,671 on a closing basis and as long as it keeps respecting that, chances of some bounce cannot be ruled out. They see support shifting to 15,400-300 levels, if the level is breached.
Tokyo shares open higher as investors cheer US rate hike
Tokyo stocks opened higher Thursday, as investors cheered the US rate hike that boosted Wall Street shares. The benchmark Nikkei 225 index rose 1.88 percent, or 493.81 points, at 26,819.97 in early trade, while the broader Topix index surged 1.43 percent, or 26.57 points, at 1,882.50.
Wall Street rallies to close higher after Fed statement
The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession. The Dow Jones Industrial Average rose 303.7 points, or 1%, to 30,668.53, the S&P 500 gained 54.51 points, or 1.46%, to 3,789.99 and the Nasdaq Composite added 270.81 points, or 2.5%, to 11,099.16.
Rupee dives 18 paise to 78.22 per USD
The rupee plunged 18 paise to close at a new all-time low of 78.22 against the US dollar on Wednesday as a lacklustre trend in domestic equities and persistent foreign fund outflows weighed on investor sentiment. Participants also stayed on the sidelines ahead of the US Federal Reserve’s policy decision.
Sensex, Nifty on Wednesday
Dragged by Reliance Industries and selling in IT, metal, oil and gas and FMCG pack, the 30-share pack Sensex declined 152.18 points to end a lacklustre session at 52,541. Its broader peer, Nifty50, dropped 40 points to settle at 15,692.15.