 for your ebooks. It’s for your audiobooks. The 8 GB version can hold only 30 to 40 audiobook files. The 32 GB – around 160.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher for a second consecutive day. The S&P BSE Sensex ended 934 points, or 1.81%, higher at 52,532, while the NSE Nifty 50 closed at 15,639, up 289 points or 1.88%.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher for a second consecutive day, as investors’ sentiments got a boost after US Treasury Secretary Janet Yellen said that a recession in the United States is not “inevitable”. The S&P BSE Sensex zoomed 1,200 points intra-day to hit a high of 52,799. The index, however, settled 934 points, or 1.81%, higher at 52,532. The NSE Nifty 50 closed at 15,639, up 289 points or 1.88%, after hitting a high of 15,707 in the intra-day. PSB, Metal, and Energy (Oil and Gas) indices rose the most in today’s trade as investors indulged in bargain buying. Titan, Hindalco, JSW Steel, Coal India, Adani Ports, Tata Motors, SBI, ONGC, TCS, Eicher Motors, Dr Reddy’s Labs, Tata Steel, HCL Tech, Infosys, and Wipro gained in the range of 2.5% to 6%.
What fueled market rally?
Indian benchmark indices jumped 1.7% on Tuesday and firmly raced up following the long haul of losses last week. The BSE Sensex rose 872 points to 52,469, and the NSE Nifty gained 262 points to 15,610. “Markets were technically in oversold territory and thus witnessed a bounce back, especially in a light market since US markets were closed yesterday. There is an increased perception that by the end of the year, the US Fed will be able to get inflation levels down considerably, which is also helping the markets currently,” said Nishit Master, Portfolio Manager, Axis Securities.
Benchmark indices ended higher for the second consecutive session on June 21 with Nifty finishing above 15,600. The Sensex was up 934.23 points or 1.81% at 52,532.07, and the Nifty was up 288.60 points or 1.88% at 15,638.80. Titan Company, Hindalco Industries, JSW Steel, Coal India and Adani Ports were among the top Nifty gainers. The only losers is Apollo Hospitals. All the sectoral indices ended in the green with IT, metal, oil & gas, power, realty and PSU Bank up 3-6 per cent. BSE Midcap index jumped 2.4 per cent and Smallcap index was up 3 per cent.
Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.61, or 1.4%, to $115.74 a barrel. U.S. West Texas Intermediate (WTI) crude for July, which expires later on Tuesday, rose $2.29, or 2.1%, to $111.85. The more-active WTI contract for August was up $2.48 at $110.47 a barrel.
Index heavyweights such as ICICI Bank, Infosys, Reliance Industries Ltd (RIL), HDFC Bank, and Tata Consultancy Services (TCS), among others contributed the most to the indices gain.
BSE Sensex at day's high of 52,799, while NSE Nifty touched a high of 15,707.25, on the back of positive global cues.
Sensex is up 1,179.96 points or 2.29% at 52777.80, and the Nifty jumped 352.30 points or 2.30% at 15702.50.
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion for the industry. This came in the wake of a major correction in global markets that brought down the valuation of international stocks.
BSE Realty index added 3 percent led by the DLF, Godrej Properties, Prestige Estate.
Banking stocks were one of the key contributors to the benchmark rally with SBI up 4.4 per cent. ICICI Bank surged 3 per cent, while HDFC Bank added 2.2 per cent.
Shares of conglomerate Tata group were among the most actively traded stocks on the bourses on Tuesday as the broader markets staged a relief rally. In terms of traded value, Tata Motors, Tata Steel, Tata Elxsi, Tata Power and Titan stood among top 10 so far in the day. Titan Company was the top gainer, up almost 6 per cent. Shares of Tata Motors rallied around 5 per cent, while Tata Elxsi was up 2 per cent.
Benchmark indices were trading at day's high with Nifty around 15650. The Sensex was up 980.61 points or 1.90% at 52578.45, and the Nifty was up 296 points or 1.93% at 15646.20.
IT stocks were seen outperforming and leading the pullback rally in the markets on Tuesday. Index heavyweights Infosys and TCS were up around 2.6 per cent and 3.3 per cent, respectively. HCL Technologies, Wipro and Tech Mahindra too logged strong gains.
Shares of HDFC Asset Management Company rose after brokerage firm Kotak Institutional Equities upgraded the stock to ‘add’ as it believes negatives for the company are now adequately represented in the stock price. The stock has fallen more than 38 per cent over the past one year on account of concerns over its loss of market share in the equity mutual fund schemes, and shrinking margins due to higher commissions for distributors.
Noida-based India Exposition Mart Limited has received capital market regulator Sebi’s nod to raise funds through an initial public offering (IPO). The initial share sale with a face value of Rs 5 per equity share comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders. The Offer is being made through the book building process, wherein note less than 75% of the offer shall be available for allocation to QIB, not more than 15% of the offer shall be available for allocation to non-institutional bidders and not more than 10% of the offer shall be available for allocation to retail individual bidders.
A meeting of the board of directors of Hindustan Aeronautics will be held on June 28, 2022, to consider, the recommendation of final dividend for the financial year 2021-22. The stock was quoting at Rs 1,761, up 2.14% on the National Stock Exchange.
Nifty faces its first resistance at 15800 levels; post breaking this level Nifty might retest 16000 levels. If the Nifty is able to sustain 16000 levels then the next retest levels will be 16400/16700.
What’s pulling up markets?
Sensex is up 750.09 points or 1.45% at 52347.93, and the Nifty up 226.50 points or 1.48% at 15576.70.
Benchmark indices extended the opening gains and trading at day's high level with Nifty above 15550. The Sensex was up 624.22 points or 1.21% at 52222.06, and the Nifty was up 194.80 points or 1.27% at 15545.
Among the Sensex-30 shares, Tata Steel, IndusInd Bank, Titan, SBI, Tech M, Reliance, Bajaj twins, and HDFC were the top gainers, while HUL, Ultratech Cement and Asian Paints were the top losers.
Hindalco Industries, Adani Ports, Tata Motors, Tata Steel and IndusInd Bank were among major gainers on the Nifty, while HUL, UltraTech Cement, Asian Paints and Maruti Suzuki were the laggards.
Benchmark indices opened higher with Nifty climbing above 15400. The Sensex was up 405.99 points or 0.79% at 52003.83, and the Nifty was up 117.30 points or 0.76% at 15467.50.
The US economy will likely fall into a mild recession by the end of 2022 as the Federal Reserve raises rates to tame prices, according to economists at Nomura Holdings Inc. “With rapidly slowing growth momentum and a Fed committed to restoring price stability, we believe a mild recession starting in the fourth quarter of 2022 is now more likely than not,” Nomura economists Aichi Amemiya and Robert Dent wrote in a note on June 20.
Reliance Industries Ltd: The Securities and Exchange Board of India (SEBI) on Monday imposed a penalty of Rs 30 lakhs on RIL and its two compliance officers for alleged violation of Prohibition of Insider Trading (PIT) regulations.
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