June 27, 2022

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Nifty forms Inside Bar pattern on daily chart. What does it signal for tomorrow’s trade?

A setback from the Supreme Court led to selling in Reliance Industries, which in turn pushed benchmark indices lower on Friday. Pharma and select banking names were others that were under pressure while IT and auto stocks gave some support. The 30-share pack Sensex declined 215.12 points or 0.39 per cent to close at 54,277.72. The index ended down about 355 points from the day’s high. Its broader peer NSE Nifty dropped 56.40 points or 0.35 per cent to 16,238.20.

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Piramal Enterprises Q1 profit up 8{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} to Rs 534 crore

AU Small Fin Bank posts 15{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} rise in net profit to Rs 203 crore for Jun quarter

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RITES bags ‘highest ever’ Rs 4,027-cr order from Ministry of Railways

Berger Paints India’s net profit jumps multi-fold to Rs 140 crore in Jun quarter

Price as on 06 Aug, 2021 05:08 PM, Click on company names for their live prices.

On BSE, gainers outnumbered losers in Friday’s session

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Rupee gains for 5th straight session to settle at 74.15/USD

At the interbank forex market, the rupee opened at 74.11 and hit an intra-day high of 74.10 and a low of 74.22. It finally closed at 74.15, higher by 2 paise over its last close. On Thursday, the rupee had settled at 74.17 against the US dollar.

This is how the 30-pack Sensex moved in today’s session. It touched a high of 54,633.58 and a low of 54,210.33 to finally settle at 54,277.72

This is how the 30-pack Sensex moved in today's session. It touched a high of 54,633.58 and a low of 54,210.33 to finally settle at 54,277.72

CLOSING BELL: RIL, financials drag Sensex 215 pts lower, Nifty below 16,250; Voda Idea soars 20{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}; Future Group stocks tumble up to 10{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}

  • RIL and financials lead the market fall
  • 17 of 30 Sensex stocks end the day in the red
  • Index contributors: RIL, HDFC, L&T, SBI, Infosys
  • Top Index gainers: IndusInd Bank (2.79{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}), TechM (1.65{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}), Airtel (1.40{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0})
  • Top Index losers: RIL (2.00{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}), UltraTech Cement (1.40{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}), Tata Steel (1.27{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0})
  • S&P BSE Telecom biggest sectoral gainer, up 1.39{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}
  • S&P BSE Energy biggest sectoral loser, down 1.45{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}
  • Volume toppers: Airtel, RIL, Tata Steel, TCS, SBI
CLOSING BELL: RIL, financials drag Sensex 215 pts lower, Nifty below 16,250; Voda Idea soars 20{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}; Future Group stocks tumble up to 10{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}

Abbott India Q1 net profit up 8.5{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} to Rs 195.76 crore

Volatility gauge India Vix eases by 1.72{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} to 12.65

Voltas Q1 net profit up nearly 50{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} to Rs 122 crore; revenue up 36{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0} to Rs 1,860 crore

Hindalco Q1 results: Co reports net profit of Rs 910 cr, beats estimate; sales surge 79{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}

Gold, silver spot prices

Gold, silver spot prices

Graphite India Q1 Results:

– PAT of Rs 150 cr vs loss of Rs 78 cr YoY- Revenue at Rs 610 cr vs Rs 409 cr YoY

Windlas Biotech IPO subscribed over 8 times on Day 3 so far

Nikkei gains to post best week since May on strong earnings

Japan’s Nikkei closed higher on Friday to mark its best week in over two months on upbeat earnings, although the broader market was mixed as traders adjusted positions ahead of U.S. jobs data later in the day and a long weekend in Japan.

Tata Chemicals shares rally after the company reported a multi-fold jump in consolidated net profit for the June quarter

Price as on 06 Aug, 2021 01:22 PM, Click on company names for their live prices.

Top gainers and losers in metal stocks

Price as on 06 Aug, 2021 01:18 PM, Click on company names for their live prices.

RIL shares head for biggest single-day drop since June

Voltas Q1 Earnings:

– Revenue from operations at Rs 1,766 cr vs 1,270 cr YoY- PAT at Rs 122 cr vs Rs 82 cr YoY

RBI is in the process of removing certain banks from PCA: Das

RBI: Concerned about the failure of some urban cooperative banks

RBI Das: Fiscal response to COVID crisis has been very well-calibrated

RBI Das: Manufacturing sector did relatively better during second COVID wave

RBI’s major concerns on virtual currencies have been expressed to the government which will take the final call: Shaktikanta Das

RBI Das: As far as recoveries are concerned under IBC regime, it is far better than earlier frameworks

RBI Das: Digital lending committee’s report is in final stages, should be released by the end of this month

RBI Jain: There is some stress in retail, MSME segment but it is not alarming

Windlas Biotech IPO subscribed over 8 times on Day 3 so far

RBI Guv: VRRR is not a way of taking out liquidity durably

RBI Das: Let us wait for release of MPC minutes before analysing why MPC Varma dissented with view on stance

RBI Das: Can’t expect one-to-one impact on bank interest rates when RBI lowers policy rates

RBI Das: We don’t regulate bank interest rates, they are commercially regulated by banks

Shaktikanta Das on recent ban on MasterCard: The regulator’s job is to ensure compliance

Rao: RBI has been very flexible on current accounts, discussions carrying on with IBA and banks

RBI Rao: No likelihood of any disruptions as far as opening current accounts are concerned

RBI Rao: Following a graded approach on current accounts

RBI Sankar: G-sec yields, primary auctions are market-determined

RBI Das: We are not looking at a fixed target for gilt yield curve. We intervene to ensure orderly evolution of yield curve

RBI Das: Term premia for the private sector is not very divergent from sovereign bond market

RBI Patra: Acutely conscious that 2019-20 growth rate was very low

Lok Sabha passes Taxation Amendment Bill to amend Finance Act 2012

RBI Das: Rate transmission happened after external benchmarks were introduced

RBI Das: Retail housing loan rates are at historic lows

RBI Das: Transmission for fresh rupee loans has been 146 basis points

RBI Dy Guv Michael Patra: MPC doesn’t want a knee-jerk reaction on inflation

RBI Patra: Since inflation has risen to a pandemic high, it is important for MPC to act gradually

M&M, MVML Q1 PAT rises 23 times YoY, meets estimate; sales rise 110{1c85f339815b3f699ae0fdee90a747b715d9a8e52ec31221581a933b2596fac0}

Mahindra & Mahindra and Mahindra Vehicle Manufacturer today reported a 23 times year-on-year jump in net profit to Rs 934 crore for the quarter ended June, which was in-line with analysts’ expectations.

RBI Deputy Governor T. Rabi Sankar: Internally evaluating issues on digital currencies, may come out with a date by end of this year

RBI Patra: 2020 was extraordinary, average inflation path in a pandemic year is an improvement

RBI Governor: Committee on new bank licenses is currently going through all applications

RBI Das: Policy must be nuanced, can’t be black and white

Shaktikanta Das: RBI must manage many conflicting situations

NMDC sets lump ore prices at Rs 7,150/tn, fines at Rs 6,160/tn

Price as on 06 Aug, 2021 12:03 PM, Click on company names for their live prices.

Exxaro Tiles IPO draws nearly 11 times applications so far on Day 3

Bharti Airtel likely to benefit most from troubles at Vodafone Idea: Sandip Sabharwal

Krsnaa Diagnostics IPO subscribed 6.14 times on Day 3 so far

Vodafone Idea shares bounce back on retro tax changes

Price as on 06 Aug, 2021 11:20 AM, Click on company names for their live prices.

Strides Pharma Science to acquire Endo’s manufacturing facility in US along with basket of ANDAs

Rupee gains 7 paise to 74.10 against US dollar in early trade