Sensex and Nifty started Friday’s trading flat amid long interest in RIL and financial stocks. Hero Moto was the top winner of the Nifty50. ONGC, Adani Ports, ICICI Bank and Cipla were among the other top performing companies. On the other hand, Tech Mahindra was the most lagging behind, down almost 1%. TCS, Infosys, HCL Tech and Power Grid were among the other losers.
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How PSU Banks Stocks Are Doing Now
Price as of 02 Jul 2021 12:41Click on the names of the companies for their live prices.
CARE Ratings assigns “CARE A +” rating to Jindal Stainless (Hisar) Limited
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Mindtree Completes Acquisition of NxT Digital Business from L&T
Mindtree announced on Friday that it has completed the acquisition of NxT Digital Business from Larsen and Toubro (L&T). In May this year, Mindtree announced the acquisition of NxT Digital Business from Larsen and Toubro (L&T) for Rs 198 crore, a move that will allow the midsize IT company to seize opportunities in the Internet of Things ( IoT) and Espace Industrie 4.0.
What Christopher Wood’s New Indian Wallet Looks Like
Wood allocated 17 percent to real estate stocks – Godrej Properties, Century Textiles and DLF – in his newly launched portfolio. The finance and energy sectors are the other two sectors that have a significant weight in the portfolio.
Mphasis, Coforge, MindTree and TCS lose up to 2%
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India VIX fear gauge index slips 2% to 12.6
Redington India shares new high in 52 weeks
Shares of Redington (India) hit the upper circuit in early trading on Friday after the government announced that 14 companies had received production incentive program (PLI) approval for computer hardware.
The rupee drops 20 paise to 74.75 against the US dollar
The Indian rupee depreciated 20 paise to 74.75 against the US dollar when trade opened on Friday as the strength of the US dollar and rising crude oil prices weighed on investor sentiment. In the interbank forex market, the rupee opened at 74.71 against the dollar, then fell further to 74.75, recording a decline of 20 paise from its previous close.
NTPC Renewable Energy Ltd IPO to hit markets in 2022-2023
The state-owned NTPC plans to list its branch NTPC Renewable Energy Ltd in 2022-2023, in order to raise funds to reach its ambitious goal of 60 GW of installed renewable energy capacity by 2032, which implies a total investment of Rs 2.5 lakh crore.
Sensex slides 100 points; TCS, the big losers of Infosys
Adani Green, Adani Transmission and Adani Total slip 5% each
Affle jumps 5% after acquisition of Jampp
Shares of Affle (India) hit their upper circuit limit at the start of trading on Friday after the company announced it had completed the acquisition of Jampp.
Real estate actions in demand; Oberoi Realty up 1.75%
Price as of 02 Jul 2021 10:01 amClick on the names of the companies for their live prices.
Intraday selections by Reliance Securities:
Buy Aurobindo Pharma: For today’s trade, a long position can be initiated in the range of Rs 950-960 for a target of Rs 995 with a strict stop loss at Rs 945. Buy GAIL: For trade in today a long position can be initiated in the range of Rs 149-151 for a target of Rs 158 with a strict stop loss at Rs 147. Buy Vedanta: For today’s trading, a short position can be initiated in the range of Rs 266-268 for a target of Rs 258 with a stop loss at Rs 270.
Vodafone Idea slips 3%
Top winners and losers in a larger market
The broader market indices were trading higher, outperforming their leading counterparts in morning trading. Dixon, Navin Fluorine, Indiamart Intermesh, IOL Chemicals, Affle India and Happiest Minds gained space, while Lux Industries, KEI Industries, Birlasoft, Adani Total Gas, JSW Energy and Vodafone Idea were under selling pressure.
Mid and small caps continue to outperform
Top losers in the IT pack
Price as of 02 Jul 2021 09:36Click on the names of the companies for their live prices.
Sustained FII sales and high valuations are the main reasons for the current weakness in the market. It is normal for FIIs to sell and make profits at the current high valuations. HNIs may also be tempted to partially recognize their profits. Since the IIDs receive large influxes. They could continue to buy, but the buying is mostly in high quality large caps with good visibility on earnings
– Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
IT and metal stocks under selling pressure; TCS and Infosys lose 1% each
How Sensex stocks are doing now
Opening bell: Sensex, Nifty trade flat. Happiest Minds jumps another 4%. IT and metal stocks under sales pressure
Pre-open session: Sensex wins 115 points, Nifty over 15,700
SGX Nifty announces a flat start
Shrewd futures on the Singapore Stock Exchange traded 1.5 points, or 0.01%, up to 15,728.50, signaling that Dalal Street was heading for a flat start on Friday.
Technical view: astute assistance seen at 15,600
Nifty50 fell Thursday for the fourth consecutive session. In the process, it broke its immediate support at the 15,700 level and ended up forming a bearish candle on the daily scale. The NSE barometer, which has posted lower lows in four sessions, may find some support in the 15,650-600 range, analysts said.
Japanese stocks rise after US rallies
Tokyo shares rose early on Friday after global rallies in improving economic data, while investors awaited the release of US jobs data later in the day. The Nikkei 225 index opened flat and then added 0.18%, or 50.29 points, to 28,757.33, while the broader Topix index rose 0.63%, or 12.13 points. , at 1951.34.
Chinese stocks fall at the start of trading
The Shanghai benchmark composite index fell 0.53%, or 18.89 points, to 3,569.99, while the Shenzhen composite index on China’s Second Stock Exchange fell 0.56%, or 14.07 points, at 2,428.19.
Hong Kong stocks start with gains
Hong Kong stocks opened slightly higher on Friday morning as traders returned from a vacation day to track another record high on Wall Street, with all eyes now on the release of US employment data later in the day. The Hang Seng Index added 0.11%, or 31.07 points, to 28,859.02.
Wall Street breaks another record; energy stocks, banks earn
Stocks ended broadly higher on Wall Street on Thursday, adding to the gains that helped the market close its best first half since the dot-com bubble. The S&P 500 Index gained 22.44 points to 4,319.94. The Dow Jones Industrial Average gained 131.02 points, or 0.4%, to 34,633.53. The tech-rich Nasdaq Composite added 18.42 points, or 0.1%, to 14,522.38.
Rupee tumbles 23 paise to 2-month low of 74.55 against the dollar
The Indian rupee plunged 23 peas to its lowest level at 74.55 against the US dollar in more than two months on Thursday amid a sluggish trend in domestic stock markets and a continued rise in crude oil prices. In the interbank foreign exchange market, the rupee opened on a negative note at 74.37 from its previous close of 74.32. It hovered between 74.34 and 74.63 per dollar during the day before closing at 74.55.
Sensex, nice Thursday
Stock indices remained in decline for the fourth consecutive session on Thursday, as computer and financial meters were the hardest hit by hectic sales amid weakness in Asian indices. The 30-stock BSE Sensex finished 164.11 points, or 0.31 percent lower, at 52,318.60. Likewise, the larger NSE Nifty fell 41.50 points or 0.26% to close at 15,680.