Economic Times | June 24, 2022 | 12:31 PM IST
Sensex Today Live: Domestic indices opened higher on Friday, led by buying in index weight Reliance Industries and select financial stocks. Cues from Asia were all positive, with markets there rising up to 2 per cent. Besides, oil prices were trading largely flat amid concerns over the likelihood of a recession in the US, after US Fed Chair Jerome Powell concluded his two-day testimony to US Congress overnight.
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Dr Reddy’s Laboratories said it aims to be among the top five drugmakers in India, largely driven by mergers and acquisitions (M&A) of brands, companies and in-licensing deals targeting chronic categories, along with broadening of nutraceutical and over-the-counter ( OTC) portfolios.
Price as on June 24, 2022 12:14 PMClick on company names for their live prices.
Greaves Electric Mobility has allotted 35.80 per cent stake to global investor Abdul Latif Jameel for his $ 150-million capital infusion in the company, by way of preferential allotment through private placement basis. Greaves Electric Mobility Pvt Ltd, which manufactures two and three-wheelers, is the e-mobility subsidiary of diversified engineering company Greaves Cotton.
Price as on June 24, 2022 12:09 PMClick on company names for their live prices.
The overseas investment arm of state-owned ONGC has made an oil discovery in a block in Colombia. The discovery was made in the recently drilled well, Urraca-1X, in CPO-5 block, Llanos Basin, Colombia.
Price as on June 24, 2022 11:54 AMClick on company names for their live prices.
Highest single day gain for Solara Active Pharma since 31 July 2020
Day Trading Guide: Bharti Airtel among 4 stock recommendations for Friday
Strides Pharma Science: Vaccine to be produced at Stelis Biopharma. Interim analysis shows a 91% seroconversion rate
Price as on June 24, 2022 11:29 AMClick on company names for their live prices.
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BSE Smallcap outperforms Sensex
Shine back in Nifty Metal. All in green
Price as on June 24, 2022 10:57 AMClick on company names for their live prices.
First Energy Private (FEPL), a wholly-owned subsidiary of Thermax has acquired two companies Jalansar Wind Energy and Jalansar Wind Energy.
Price as on June 24, 2022 10:54 AMClick on company names for their live prices.
KIOCL up over 11%
Finance ministry red flags extending free food scheme
The finance ministry’s Department of Expenditure has argued against extending the free food ration scheme beyond September or making any major tax cuts, warning of the consequences for the government’s fiscal position. The government in March extended the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for six months to September.
Electronics manufacturing services company Foxconn chairman Young Liu on Thursday met Vedanta Group’s managing director Akarsh Hebbar to discuss the roadmap of their proposed electronic chip manufacturing plant and its location.
Price as on June 24, 2022 10:48 AMClick on company names for their live prices.
Tata Power has kicked off an ambitious nation-wide plan of setting up electric vehicle (EV) charging stations from North to South, connecting Kashmir to Kanyakumari and from East to West, from Guwahati to Dwarka and Bikaner over next the next 3-5 years .
Price as on June 24, 2022 10:44 AMClick on company names for their live prices.
Highest single-day gain since its listing for Nazara Technologies
HUL Chairman talks to ET Now on inflation, rural demand, ESG & more
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BSE Midcap outperforms Sensex
Nifty IT slide; all but 2 stocks in the red
Price as on June 24, 2022 09:44 AMClick on company names for their live prices.
FMCG stocks on a roll; HUL, Future Consumer, Britannia up more than 2%
Price as on June 24, 2022 09:34 AMClick on company names for their live prices.
There are some clear economic and market trends. Leading indicators such as PMI and retail sales in Europe and US indicate economic slowdown. Most central banks of the world are hiking rates in this slowdown. Therefore, the slowdown will continue and may aggravate pushing the US economy into recession. Since the market knows this, equities are in oversold territory, triggering short-term upmoves. The whipsaw movement in Nifty yesterday reflects this uncertainty, confusion and lack of direction.
– VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Two-wheeler maker Hero MotoCorp said it will hike prices of motorcycles and scooters by up to Rs 3,000 from July 1 to partially offset the steadily growing overall cost inflation, including commodity prices.
Price as on June 24, 2022 09:33 AMClick on company names for their live prices.
Bank stocks shine, IT stocks on backfoot
OPENING BELL: Sensex climbs 500 points, Nifty tops 15,700; Route Mobile jumps 6%, Biocon up 3%
Sensex gains over 350 points; Nifty above 15,650
Asian shares rise in early trade
Asian markets jumped in Friday’s trade, tracking Wall Street rallies, as investors weighed global inflation and recession risks .. MSCI’s index of Asia-Pacific shares outside Japan was up 0.96 per cent.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 79.5 points, or 0.51 per cent, higher at 15,644, signaling that Dalal Street was headed for a positive start on Friday.
Q4 results today
SEPC and Autolite (India) are among the companies that will announce their quarterly earnings today.
Tech View: Nifty50 bulls indecisive; upside capped at 15,700
Nifty50 on Thursday formed an indecisive Spinning Top candle on the daily chart. Analysts said the index has entered a consolidation phase which may last a few days until the broader 15,350-15,700 range is taken out decisively
Oil prices rise on tight supply, inventory uncertainty
Oil prices rose slightly in early Asian trade on Friday as nations seek to address global crude oil and fuel supply tightness. Brent crude futures rose 39 cents, or 0.4%, to $ 110.44 a barrel at 0012 GMT, while US West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.4%, to $ 104.31 a barrel.
Tokyo shares open flat in cautious trade
Tokyo’s key Nikkei index opened flat on Friday in cautious trade after Wall Street rallies, as investors weighed global inflation and recession risks. The Nikkei 225 index was up 0.04 percent, or 11.14 points, at 26,182.39 in early trade after floating between positive and negative territory, while the broader Topix index was down 0.22 percent, or 4.05 points, at 1,847.69.
US stocks climb as yields fall to two-week low
Stocks in global markets rose on Thursday as US Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown. The Dow Jones Industrial Average rose 194.23 points, or 0.64%, to 30,677.36, the S&P 500 gained 35.84 points, or 0.95%, to 3,795.73 and the Nasdaq Composite added 179.11 points, or 1.62%, to 11,232.19.
Rupee closes at 78.32 against dollar
The rupee on Thursday closed at its all-time low of 78.32 against the US dollar as a strong American currency and persistent foreign fund outflows weighed on investor sentiments. The local currency opened at 78.26 and finally settled at its all-time low 78.32, unchanged from its previous close.
Sensex, Nifty on Thursday
Dalal Street bulls managed to gain most of the ground lost on Wednesday as Sensex ended over 400 points higher and Nifty settled past the 15,550 mark.
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